Ann: December 2019 Quarterly Activities and Cashflow Report, page-2

Great qtrly, as always.

Regarding strategic partner, and not to sound negative, they seem to as yet not isolated even a few definite potential partners. I am making this assumption based on the fact that there are two segregated areas regarding the partner process (in doc.) and they are a little contradictory of each other. The initial 'approved' partner sentence seems to be more a play on words than a likely match and down the track selection, this self-theory seems to be reiterated by the second (further in the doc.) area about the partner process where they make mention of not just battery end users but car manufacturers, leading to the fact that they are not in advanced discussions yet merely advanced internal interpretation of the selection process. that said I'm very happy they are biding their time, just look at how early off-takes have totally obliterated the respect of other nickel/cobalt juniors e.g. auz and clq.

Happy to be a holder, chart presently about to break out - will test 68/69c within a week in my opinion.

NL.