Ann: Quarterly Cashflow Report, page-220

Let's not go into hypotheticals NL and simply stick to the facts.

No.1-17.9% LOM TGC: TICK.
No.2-Cut off grades 10%. TICK.
No.3-Feed grades 22%-25% at surface on start up. TICK.
No.4-Pit grade TGC's increase at depth. TICK.
No.5- Resource open in all directions of Tennament. TICK.
No.6- Southern end drill results not included in updated DFS. TICK.

Individuals continually want to make fun of WKT'S resource but the simple fact none can deny is the first corner of the first tennament to be drilled out has produced a project worthy of a Nordic Bond Note Issue. Check it out for yourself. The Lindi Super Jumbo Expandable Graphite Project is located in the Top Left hand corner of Tennament PL 13376/2018. No more drilling required. Open in all directions. Drill results to the south not even included in current DFS as they were obviously not considered necessary to achieve funding. Lets not forget the 4km strike length on our adjacent tennament with TGC's greater than our initial pit design. Don't worry; the pain will be over soon. IMO. NLN.