WKT - Chart, page-184

Mickey what is important here is that investors realism this project is underpinned by Expandable markets not battery markets or refractory. Expandable markets pay premium to battery which is currently very competitive. Currently we have a first move advantage where this was not always the case. Good team good management and even an industry expert now operating as Non-executive director. This is a huge boost of confidence....

The recent pit shell at 5 stages has been redesigned to smooth the revenue over life of mine. Fast facts below had this resource at 22.8% TGC for first three years which could now extend to five how ever management have improved NPV to SPV over life of mine. If it is about grade at surface this project can not be matched in nature.

Once again a slight variance here with the new pit shell and slight change to distribution how ever same story. Very robust


Premium markets and importantly differentiating to all peers...High margin curves at over $1000 per ton mined.

Croc