Ann: Lepidico confirms L-Max IP Rights Secure, page-53

Hey Maxi, hope its not too cold over there. Things are just heating up over here.

Might? Certainly is. The PIO deal is a great achievement for LPD. A few holes and this will go a long way to proving up a great WA lithium resource with caesium credits. The LIT shenanigans has no impact on this, especially given that the mediocre T/O bid is a self proclaimed farce. LIT have until 2019 to build an Lmax plant. If they dont, they have no exclusivity. Given they reckon Sileach is the ducks nuts (apparently 60-70% recovery is very good) and havent drilled a hole or conducted a study, they will not fulfil their obligation to retain exclusive use in WA. In steps LPD and PIO.