Ann: Uley Graphite Grade Increases to 11.7%, page-5

I'm not sure how to interpret the announcement. In one bit it sais the grade has been increased and the volume is 360,000 tonnes, but in the body of the announcement is said a previous estimate was around 4.5 million tonnes. So is this a tenfold decline in the estimate from the same area? Or is the area smaller, excluding the Pit 2 extension? This needs clarifying before I get too excited either way! If higher grade but a lot lower volume is that good or bad?