NYORINYORI GRAPHITE PROJECT ▪ 75% interest in 13 granted graphite licences located in Simanjiro District in the Manyara Region of Tanzania ▪ licences are contiguous and extend over a combined area of approx. 86 hectares ▪ mining licenses valid for a 7-year period ▪ region is considered highly prospective for graphite, with shallow mineralization present and small-scale mining activities already underway. ▪ a focus on advancing the Nyorinyori Project through completion of a feasibility study through an accelerated exploration and development timetable ▪ exploration has confirmed high- grade jumbo and large flake graphite mineralisation already seen on site ▪ high-grade graphite mineralisation observed across the licences at Nyorinyori ▪ visual estimates show +90% graphite content ▪ shallow, extensive graphitic veins exposed ▪ surface outcrops reveal associated graphite mineralisation extends for over 3km ▪ visual observations indicate the presence of jumbo and large graphite flakes in current small- scale mining ▪ mapping and sampling work completed ▪ further consolidation and acquisitions in the region being progressed with 9 new mining license applications 55
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