Ann: LOI for Project Funding and Off-Take for Nicanda Hill, page-30

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SQZG’s Managing Director, Mr Chen Shaogang said: “As a result of our detailed analysis of the graphite supply business we have identified Triton as the premier future developer and producer. Considering various aspects such as resource quality, technical expertise, rapid and effective project progression, Board and management team determination and resolve, we view the Nicanda Hill deposit as a justifiably world class deposit and Triton as the industry leader. As potentially the world’s largest and lowest-cost producer, Triton holds a key asset in the graphite and vanadium world. We are delighted to align our Company with the Triton team in a strategic long term relationship and we look forward to working closely together through the due diligence process and hope to finalise a definitive agreement soon to formalise the terms of the LOI”