Ann: Epanko Special Mining Licence, page-66

In that sense, Spinks has "done" his job so far in bringing the project to this point. Change of strategy to Epanko, receives the cover commitment from the KFW and receipt of the UFK guarantees, placement of Christer Mingo as director of Duma TanzGraphite, submission of the SML and receipt by the government of Tanzania.

Of course, there is still a lot of work to be done and everything has to be approved first, but all of that is no longer in the hands of Ecograf and Spinks. In the meantime, Spinks' job is to take all the necessary steps so that when the permits are in place, he has other buyers, BAM systems, recycling systems, construction plans and other information ready so that things can really get started.

Of course, EcoGraf's communication is sometimes shit and Spinks also deserves criticism, but he has still managed to do everything possible so far.

We are on the right track at Ecograf and this can be a very good business model!