"Marketing
During the half year, the Company signed two binding offtake agreements with Qingdao Tianshengda Graphite Co. Ltd (Tianshengda) and Qingdao Chenyang Graphite Co. Ltd (Chenyang) each for up 16,000 tonnes per annum graphite concentrate from the Ancuabe Graphite Project for an initial period of five years with an option for the Company to extend for a further five years with a minimum quantity of 10,000 tpa.
Metallurgy
The Company commissioned ALS Metallurgy in Perth to build and operate a pilot plant to process approximately 8.5 tonnes of core from the Ancuabe T12 and T16 deposits to produce graphite concentrate for customer acceptance testing and metallurgical testwork. The results from the pilot plant were in line with those predicted and samples were shopped to various potential customers."
This reads like, additional potential customers.
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