Research Thread, page-56

Grant actually worked with Ecograf until mid-2020 and was pivotal in the development of the company and getting the Epanko Graphite projects environmental certificate, mining license, delivered the Bankable Feasibility study and subsequent completion of banking independent due diligence.

The most interesting part of this is that until December 2019, Ecograf was Kibaran Resources, which held several of the tenements we now hold. They also held the Ruiza tenements around Burigi as well (need to try confirm if these are also the same as we hold). Grant was working for them when they held these. It appears that Kibaran chose to follow the graphite path with their project which is also in Tanzania and therefore relinquished their Kabanga holdings. Remember graphite became very hot when the EV cycle first began, so was probably a more lucrative prospect at the time.

Kibaran had access to the BHP data and I can't imagine Grant not reviewing it during his tenure. So why would he come to ADD knowing that they have the tenements that he has been associated with in the past if they were not worth his time and effort?

Plus ADD have secured someone with time value in assessing the holdings. He's already been there and therefore we are more advanced than if we were just looking at it with fresh eyes. History and knowledge are priceless.

Expecting a lot more interest in the coming months as we move into our drilling campaign.