Short Term Trading Week Starting: 27 Feb, page-7

STTCOMP IG6 FA Long

SOI ~166m

MC ~41mill

Cash ~4.8mill 31/12/22

Graphite focus in WA.

ST price driver is drilling results expected in next days or so from greenfield site (SDE-1). Earlier EM results strongly correlate with successful drill assays. This is expected to continue.

Other ST focus (1 month) DFS for 3ktpa micronising facility.

Wants to become miner and capture value add all the way through to end user BAM.
Highly experienced management in the metallurgy of graphite.
Government support has been excellent so far. Expected to continue.
Cashflow expected from mid-2024.