Ann: FGR to provide graphene for drilling fluid testing, page-5

FGR to provide graphene for drilling fluid testing. FGR will provide graphene samples for test work. First Graphite Limited (ASX: FGR) is pleased to advise it has entered into an agreement to provide graphene samples to a large Australian based drilling fluids manufacturer and supplier. The samples will be provided from graphene produced from high-grade Sri Lankan graphite. Successful testing may lead to potential future offtake agreements subject to meeting commercial requirements. FGR’s graphite has been found to be highly suitable for producing premiumpriced graphene. Tests conducted by the University of Adelaide found the quality of the prepared graphene from FGR’s graphite was outstanding and comparable with the quality of graphene prepared by synthetic routes. They showed that FGR’s graphite has very high crystalline carbon content not observed in any other previously tested graphite materials. With an exfoliation process time of only 10 minutes, 50% of graphite is exfoliated and gave a graphene yield of >90%. The yield calculation of electrochemically exfoliated graphene from FGR’s graphite will be optimised in future proposed studies.