Ann: Dundas - Exploration update Central exploration target, page-4

Not as upbeat as usual from Shane ... clearly he is disappointed. The Graphite grades are good ... but it sounds they only assayed the sections where graphite was clearly visible and this gives relatively thin intersects. Also not so close to the surface as seen deposits that are being progressed to mining like RNUs Siviour or IG6's Springdale which is not too far away and both allow surface mining.

If the retesting of pulps gives 10m+ at 10 - 15% TGC then that is in the ballpark of potential viable grades if there is enough of the stuff .... would be good if it came closer to the surface than 64m as well. But, there did not seem to be too strong a conviction in Shane's comments.

I note the graphite explorers use EM / AEM to locate the graphite .... will also be interesting to see the consulting geologists report which was underway.

Below is from LELs website on their Bourke Graphite Project - and Burke is positioned as high grade.