Northern’s Bissett Creek graphite deposit is an advanced, pre-development stage project that has a Feasibility Study and its major environmental permit. Subject to the completion of operational and species at risk permitting, which are at an advanced stage, Northern is in a position to commence construction in 2017 subject to the availability of financing. Northern believes that the Bissett Creek project has the best flake size distribution and highest margin of any new graphite project and has the added advantages of low capital costs and realistic production targets relative to the size of the market. Northern has also developed cost competitive, proprietary and environmentally friendly purification and coating technologies for use in manufacturing anode material for lithium ion batteries and is well positioned to benefit from their rapid growth and concerns relating to Chinese supply.