Ann: Investor Presentation - August 2020, page-60

Sorry buddy, what I wrote is 100 percent factual and typical of the standard AGY zealot, you cannot handle the truth. Point to where I referenced LPI? Taking a rational look at the Rincon project, it has a 245k resource, not a reserve, but a resource. No one can bank anything long-term off a PFS that lacks rigour and an unproven reserve. I'll be generous and say that the 245k resource converts to a 120k exploitable reserve. Wow, that will give Jerko and Pablo after 30 to 40 percent production losses, around 80 to 90k BG LCE. Enough for a 10k plant for 9 years max. PLUS the porosity of the stratigraphy below 100 metres at Rincon - it would be easier to get blood out of a stone. The fast-track strategy is nothing but a con as no major capital provider is going to stump up risk capital to fund the unknown. It's akin to a copper miner building a small concentrator and shouting, hey look at me, I can produce 25 percent Cu concentrate for a smelter but I have a problem, I only have a 40,000 tonne copper deposit. No one will look twice at the miner unless he defines a commercially viable reserve. The same applies at Rincon and I will keep saying the same thing until AGY acquires additional land on the salar. And by the way, my current investment focus is on lithium hard rock and hydroxide, not LPI and brine.