Munglinup Graphite Project

Western Australia

MUNGLINUP GRAPHITE PROJECT

Situated 105km from Esperance, in Western Australia, the Munglinup graphite deposit’s grade is in the top quartile for global flake resources, with a high grade Measured and Indicated JORC compliant Mineral Resource of 3.625Mt at 15.3% graphite for 554kt of contained graphite, with the deposit open at strike and depth.

The Munglinup Graphite Project has a fully granted mining lease valid until August 2031, with adjoining exploration licence. The tenements are located in a fully gazetted mining reserve, with no native title or private land ownership issues.

Studies have indicated that the Project could be in the lowest cost operating quartile and in the highest-grade quartile, as compared against global flake graphite deposits.

The Project has excellent coarse flake distribution, supported by the Gwalia study and recent petrographic analysis, which have assessed the graphite flake size distribution at 67% greater than 150µm, including 35% Jumbo flake size greater than 300µm and 24% large flake size greater than 180µm.

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