Ann: Presentation - Investment Outline Arcadia Lithium Project, page-3

One question. The presentation gives the MC of the Arcadia Lithium project as 316$US, i.e. 420$AUS. And this agrees with my computations. However, to my understanding PSC only owns 45% of the project. So based on Arcadia the MC for PSC would be 45% * 420$AUS = 189m$.

Bit weird that the presentation does not mention the ownership percentage of the project.... Or did they meanwhile acquire 100% of the project? Guess not as the presentation does not say 100% owned project as it normally does in such cases.

So yes agree that it is a very nice presentation. But leaving out this 45% bit is a bit misleading...