Hi Don, welcome to Walkabout Resources...Was just checking to...

Hi Don, welcome to Walkabout Resources...Was just checking to see if you were the same Don as a post you did some years back sought of stayed with me...At the time you had been a TON investor and then switched to MNS after reading many posts...SYR was the benchmark TON was being loved while Magnus was also ticking many boxes at the time...You had switched from Ton across to MNS and gave an honest opinion...SYR had @prime always reinforcing you can grind down but not up...

If we all had a crystal ball investing would be so much easier...The Reason I say welcome is no doubt WKT is picking up new investors as the project transitions towards the development phase...Do investors understand how we differentiate..?

How do we differentiate and why are new investors moving towards WKT?

The Lindi project differentiated to peer projects by being underpinned by Premium Expandable and coatings markets while most hype in the Graphite space was aligned to the Vanilla markets/refractory at the time...SYR was loved and failed at the production stage which has a unique problem to them. A material difference between that project and Lindi is we do not have to purify/grind greater than 95%TGC level where most of the loss occurs in the final process. Syr had big problems with fines meeting spec at 99.9% purity for different end-use. At the Lindi project, the vanadium content reports to the tailings in the Gangue an important difference of both projects...SYR host rock material has lots of silica where Lindi is lots of Mica...SYR graphite was formed from plankton where Vanadium was also once being formed...Very problematic to separate the graphite from the vanadium contaminant where the Graphite and vanadium are embedded unique to SYR...

75% of Lindi product is suitable for Premium Expandable and Coating markets...25 % of the basket is suitable for both Vannila markets and expandable...The larger the flake the higher the expansion ratio with Lindi product expanding 3 x that of Chinese supply...Most projects are underpinned by vanilla markets meaning they require to sell 100% of the product being produced to produced fewer margins per ton mined...Vanilla markets are barely making a profit with BAM being required to be viable. They don't have the option to select mine for larger flake where at Lindi we do not have such a problem...The Lindi project has huge US$1200 margins per ton product ton...

Being underpinned by Expandable/coating markets allows us to grow unrestricted of what occurs in the Vanilla markets...The project offers higher margins and can move in either direction of market forces and still remain profitable while others are losing money...Insto are now jumping on board...Stage 1 Tranche complete construction phase starting...

Regards Croc