The below testwork on the downstream that produced these...

The below testwork on the downstream that produced these increased yields is still ongoing

• Commercial-scale milling of Siviour graphite concentrates can deliver yields (i.e., the amount of
graphite concentrate converted into spherical graphite) in excess of 60%. This is well in excess
of the 50% yield assumed for the Battery Anode Material Study3).
• Locked-Cycle purification, designed to simulate continuous operating conditions using
Renascor’s eco-friendly purification process, can deliver PSG purity specification up to 99.99%
Carbon (C) (versus anode industry standard of 99.95% C).

Plus we have an optimised DFS due soon which will provide further improved efficiencies/recoveries on the upstream..

So yeah, agreed I think they have a lot more left in the tank on this front.