Ann: Montepuez Mining Licence Granted, page-28

Within the next 4 weeks we should start to see further equipment delivery and construction updates.



IMO the Japanese have been waiting on the Mining License before signing the final Binding Offtake to take us from 80% to 100% of Stage 1 production covered. With graphite demand and price upswing you would think they can achieve better pricing the earlier they sign up.