Ann: Stage 2 Evaporation Ponds Progress Update, page-45

I am of the opinion there is very little product on the floor. At this very early operational stage of the pilot plant, the focus is to refine / tweak the process to improve grade and efficiencies in preparation for OT / funding deals as well as PEA calcs. I think we must temper our expectations re how much LCE has been produced to date.

Once an OT deal has been reached and X amount of product to be delivered per month, then the pilot plant will be churning out LCE like a sausage machine. For now it is only about refining and developing the process. That's my opinion and how i interpret announcements.