Ann: Metals Australia Welcomes New CEO Paul Ferguson, page-15

The wheel may be turning for MLS, as it is doing for graphite.

The new CEO has written this announcement up extremely well, it reads very positively.

They may be on to something here, which some shareholders seem to think is long overdue.

The project grades are excellent, the size could be bigger, and the location is very good and timely.

If they can get this up to production within a reasonable time, then it just may stand a chance, given the recent Chinese bans.

In October 2023 China announced export controls on graphite. The result of the bans creates an opportunity for other graphite producers. The USA imported over US$700 million worth of graphite in a 9 month period during 2023 from China alone. They must now source this material from other nations. China's exports of graphite plummeted in December 2023, following imposed controls at the start of the month. Overseas sales plunged 91% month-on-month, according to Chinese customs data. It's therefore likely that there may be some disruption in supply chains, and an increase in graphite prices. Over the longer term, active anode material demand is expected to increase 8 fold during the next 10 years.

So let's see if these guys can get things moving, the research on graphite points to an upcoming potential opportunity for any graphite company that is really determined to become a producer, and who has the will and determination and staff experience to make it happen.

So maybe the wheel is actually beginning to turn for MLS, the new CEO appointment is at least a good start.

Gw