It is highly unlikely that Nicanda Hill will be returned to...

It is highly unlikely that Nicanda Hill will be returned to Triton. Given it is the largest undeveloped graphite deposit in the world,long term,it is of huge strategic importance to the Chinese. The Govt knows that the most likely path to development is via a large chinese group with the expertise and with deep pockets. You only have to look at the problems Syrah is presently having to get an understanding of the difficulty in bringing a large scale graphite project into production. Although progress has been slow,Ancuabe is still our best path forward. Getting back Cobra Plains is a win for our company. With a resource of 103MT, it has scale but will the low grade(5.2TGC) limit it`s prospects? The flake graphite market is presently over supplied. The resultant lower prices making it difficult to get backing for proposed projects and to be cashflow positive for new mines coming online. Longer term, projected Supply/Demand would indicate a substantial shortage of graphite. How much and for how long will determine what impact it will have on graphite prices. Hopefully Triton will still be in the game to reap the rewards.