Ann: Rincon Lithium Project Update, page-55

Always good to have a RE-read or 2...
There are a few nuggets in there...

-The Company believes it will be able to execute potential medium and long-term off-take agreements with the highest quality major battery and cathode industry participants highest quality major as a result of having proven the quality of our Rincon Project battery grade LCE product.

highest quality major ...cathode industry participants. That's very juicy.

-The Company has agreed the budget and timeframe for these works with the pond
construction contractor, who also completed the Company’s already constructed
evaporation ponds.

I didn't know they used a construction contractor. (I thought it was PA's team) I like the basic tasks to be done by 3rd parties and supervised by PA's team. Cost effective and smart use of PA's time.

-The Company is targeting that the additional Stage 2 evaporation
ponds are operational for peak solar evaporation and lithium concentration by the start of
the upcoming summer season.

That's only 3 months away. I'd figure it would have taken longer (4-5 months?) but, now the contractor has some experience and I assume they've hired more workers...they'll be able to build twice the size in the same time period.

LCE sales on 34 Ha is $35-40 Million...in 12 months now!
This is such a easy buy for the FUNDS once the JORC is released.

IMO
DYOR!!