It is interesting when you look at where ITM's graphite...

It is interesting when you look at where ITM's graphite prospects are relative to Renascor and specifically the Siviour project.

Obviously significant graphite resource at Siviour and material resource at Campoona and Wilco South. From the following sketch (note it is a sketch not perfect dimensions) you can see the proximity (approximate) of the various resources, but also how much of the territory ITM has in this area. I know it has been suggested that ITM resources are open in all directions. I'm not a geologist, but would seem to suggest good prospects for potentially larger resource. Great opportunity for SA anyway, when you have a look at some of the graphite demand forecasts. Plenty of scope for multiple projects especially given SA's sustainability advantages and nearby infrastructure.