Ann: Toamasina Graphite Project Update, page-201

Hi ors1986. My understanding is that it was a strategic decision by Brendan Bradley the then recently appointed Managing Director of DEV to keep all Devex's projects within Australia. DEV acquired the project in April 2017. Brendon Bradley became MD in June 2017 and DEV withdrew from the agreement on 4th August 2017. Dev was raving about the project prior to Brendan's appointment but he wanted to see a change of direction for the company. Probably a good call from DEV's perspective but you will find it wasn't the resource at the Plateado Cobalt Project in Chile that made them pull out ... more of a corporate re-structure exercise. Let's wait for some initial results osr1986 before we write it off as a dud. Cheers, E