Pretty much, though Balama East may in turn make Balama West...

Pretty much, though Balama East may in turn make Balama West irrelevant if the grades are better :-)

Or alternatively, once SYR has tied up as much graphite supply as it can, we could be running three (or more) open pits. Two at Hill Zone and North Zone and one or more (depending on what they find) at Balama East.

Course all of this will depend on optimaisaation studies the company will undertake as part of its feasibilities...ie what is the most economical approach. For example, is it better to do one large pit (oincluding some moderate grade) rather than two separate pits of only high grade at Hill Zone and North Zone etc etc.

Cdchi1