Ann: Tests find MRL graphite suitable for lithium batteries, page-11

Hi Bigglesworth,

Just been trawling ASX announcements this am. This one caught my eye. Could be interesting and wondering if you could bring me up to speed a bit.

1. Last qtrly report showed ~$1.7m cash after $1.1m raising.
2. Aprrox $0.6m cash burn/ qtr so they have until ~ June for something to happen or more dilution.
3. They talk about production by then but I haven't found out so far what they are selling (flake/amorphous graphite?) How much are they selling. Is there any est of sales value and/or costs provided anywhere? Is there a BFS/DFS? Who are they selling to? Has an environmental study been done? How long do licences for production take to get from the government
4. what is the resource base?
5. What is sovereignty risk like for Sri Lanka.

Would appreciate any info you could provide.

Regards