Ann: Lindi Jumbo gears up for first graphite concentrate export, page-477

Hi Sirrobbo,

Mike had confirmed the plant had produced hundreds of tonnes, and we have the rod mill data which suggested WKT could have achieved around 200 tonnes of contained graphite.

This is miles off the forecast monthly or daily production capacity. The plant is meant to produce 110 bags per day. When you consider the first concentrate was produced on the 2nd of May (82 days ago) a few hundred kilos of produced graphite isnt even close to the desired output (9000 tonnes)

What you guys fail to understand, although the recovery is high, the through put is low. This allows for the graphite to be floated for longer periods Which increases the recovery.

What we dont know is the particle size, as you would know, there is no point recovering high amounts of small flakes when the plant was designed to produce Jumbo.

Anyway, I am looking forward to the vague QTR report that points to the future.

BTW what happened to your director buying report that you were going to share, you claimed this is a great outcome seeing director buying, can you put up WKTs directors shareholdings and when they purchased their shares to see if this was a good outcome for the investors who followed their purchases?