Ann: Acquisition of 60% interest-Manono Lithium, Tin, Tantalum, page-310

Hi Ans. The Chinese would be the ones to take this out. They would build a concentrate plant and a chem plant. That's how we would present it if we got the chance. They would likely fly Carbonate or Hydroxide out to either the closet port or direct to Europe.

This resource has the capacity to be massive and much bigger than PLS, AJM, or even Greenbushes for that matter. It could be on such a scale that I would anticipate a different approach to the Chinese.

That is, in my opinion and talking to others we're researching with. It's not ramping but some have put a lot of work into this and we now have a few of us researching it in depth.

Importantly though it is early in the peace and there is a long way to go from here before we can claim any of that. Right now we're talking a huge potential but not a done deal by any means. There's a long way to go but it's important to build that story early for potential partners.

PLS and AJM are further down the track and already have a proven resource with both at DFS stage. imo this will never even get to PFS let alone DFS. The Chinese would likely move after SS. We shouldn't get carried away but I think we can be quietly confident of an excellent resource.