Ann: Sal de Vida Update, page-32

As per the Chairman’s Letter from the December 2017 Annual Report.

We have had numerous and varied approaches from many parties for participation in the development of Sal de Vida but our strong view is that this is the best undeveloped brine salar in the world. Accordingly, we won’t be rushed into an investment decision simply because there is pressure to do so. Our investment decision will be determined by either a world class partner or partners or a financing structure that underwrites the maximum benefits to our shareholders and other direct stakeholders.