Strike Resources Limited provided update regarding progress on its Burke Graphite Project in Queensland. As previously announced, the Burke Project is one of the highest grade graphite deposits in the world held by an Australian listed company and presents the opportunity for Strike to participate in the anticipated growth in demand for graphite and graphite related products. In addition to the exceptionally high-grade nature of the deposit, the Burke Graphite Project comprises natural graphite that has been demonstrated to be able to be processed by standard flotation technology to international bench mark product categories. In this regard, flotation tests conducted by Independent Metallurgical Operations Pty Ltd. (IMO) have confirmed that a concentrate of purity in excess of 95% and up to 99% TGC can be produced using a standard flotation process. Strike is now preparing further samples of high purity graphite concentrate, to be used to determine its suitability for use in lithium-ion batteries. The application of graphite as an anode material for lithium-ion batteries currently dominates the battery industry - there is typically far more graphite by weight than lithium, in a lithium-ion battery. The use of lithium-ion batteries (and hence the demand for graphite) is expected to dramatically increase over the coming years as environmental and regulatory issues force vehicle manufacturers to move away from fossil fuel-powered engines. In addition, the massive growth of solar, wind and other renewable power sources requires a commensurate increase in the use of grid storage batteries in order to smooth the impact of irregular power supply from these sources. The testing to be undertaken by Strike will include the preparation of battery electrodes from samples of Strike's graphite and the construction of coin battery cells using these electrodes. The cells will be repeatedly cycled with electrical charge/discharge and the performance independently assessed and compared with batteries made with baseline natural graphite material. Strike is continuing to optimise the production of Graphene from its graphite, using a process known as Electrochemical Exfoliation (ECE). As has previously been reported, Graphene Nano Platelets (GNP) have been successfully extracted directly from natural unprocessed drill-core taken from the Burke Graphite Project, using the ECE process. The ECE process is relatively low cost and environmentally friendly compared to other processes, yet it can produce very high purity Graphene products. The ECE process is however not applicable to the vast majority of worldwide graphite deposits as it requires a Total Graphitic Carbon (TGC) of over 20% and accordingly the Burke Deposit has potentially significant processing advantages over other graphite deposits. Graphite from Strike's exceptionally high-grade Burke Project is particularly well suited to the ECE process, because of its very high grade (~20% TGC) and high conductivity. Strike has engaged IMO to conduct further test work to optimize the production of Graphene Nano Platelets (GNP) using the ECE process and this work is ongoing.