This is the only step they are waiting on

A technically feasible & distinctive process flow sheet was developed and work continues to fully optimize it to meet customer expectations on purity.

Aubrey Eveleigh, President & CEO at Zenyatta commented, "Process optimization (cost cutting, simplifying equipment, eliminating caustic re-cycling) was a success. The SGS test work has resulted in a 'thinking outside the box' robust process. While SGS has made significant progress on the metallurgical work, designing an innovative new process takes time and the timelines for completion are difficult to forecast accurately. Our priority is on defining the best possible process and meeting customer expectations on product quality for a broad range of applications with demanding specifications. The engineering work completed to date has been much more detailed than is normal for a project at the preliminary economic assessment (PEA) stage. We believe that Zenyatta is a leader in developing a new cost-effective process for the production of ultra-high purity natural graphite. Further purification test work is underway to produce a potential range of purities that are required by end-users. This is based on discussions with interested end users related to strict specifications under signed confidentiality agreements. The Company plan is to develop an environmentally benign process for a high purity (benign) deposit. Given the feedback from potential strategic partners in the CleanTech sector, this is a critical consideration. Once ready, the complete process flow sheet and associated engineering data will then be fed into the PEA which is now underway by RPA Inc. The PEA economic evaluation is substantially complete except for the final inputs from the purification test work. The final results of the metallurgical work and the subsequent PEA will be announced once completed.