Ann: Assay results confirm lithium mineralisation at Youanmi, page-7

Kind of hard to say as I haven't had any expectations myself.

Its too early to say if it is any good. At the moment it looks small, but they've hit lepidolite in two targets that look to be 500-600m apart. Is there anything in between them? Too early to say.

They also mentioned there are other pegmatites near Target 1 to be drilled, which might be helpful.

Grade is lower than Alvarroes, I suspect because Alvarroes has lepidolite and amblygonite, but Youanmi is just lepdiolite.

It is very shallow with YVC022 starting at surface and going down 11m. A few more of those and it would probably be worth digging up.

To know if it is worth mining we need to know length, depth, breadth, grade and cost to get it out of the ground.

We have a small indication of grade, length and depth, but we need a clearer picture of the overall 3D picture. Which is what they're drilling for next. Hopefully more results by the end of the year to show how big the overall deposit is.

If you were a pure spodumene miner you wouldn't be interested in the low grade, but it's a bit different for LPD. If it is shallow and cheap to get out and concentrate, then it might work out fine. But that's getting way ahead of ourselves.

Cheers