Ann: Earl Grey Maiden Resource, page-57

Sure PLS has less fe203 Contaminates ... and gives them the advantage of selling to additional markets like the glass ceramic industry which can fetch a higher price ... but the Explosive demand is for battery grade lithium (concentrate with 0.5% Fe or less) ... Almost all of KDR's ore is likely to be within this Spec after mag separation... So the relative advantage is small for PLS as the Glass/Ceramic markets are not experiencing exponential growth. Also keep in mind that PLS has lower grade avg ore that KDR 1.22% Li20 versus KDR's 1.44... so they will need to process slightly more rock to get extract the equivalent amount of the lithium...PLS is however close to port and longer but to production than KDR .. Our transport costs will be higher per tonne... swings and roundabouts... PLS Strip ratio over life of project will be higher 2.8: 1 whereas KDR flat lying more likely closer to 2:1...