General Discussion, page-1392

It is also worth bearing in mind that LLL could easily rise into the 70c range or higher and not be considered over priced. This is due to the forecasts from a variety of credible sources which indicate a world wide shortage of Lithium for the next 3 years and quite possibly longer if demand continues to grow on the current trajectory.

In a years time I would not rule out the possibility of a SP over $1 if progress on building the plant at Goulamina goes to schedule and lithium demand continues to exceed new production at mines coming on line.

I recently watched an interview which outlined a new battery chemistry which reduced nickel and cobalt and replaced those metals with magnesium which lead to a circa 30% increase in range. If this technology is proven beyond doubt battery range would increase to comparable distances with ice cars. An alternative option (Option 2) would result in smaller, lighter and more affordable electric motors going into existing electric cars.

If Option 2 plays out, the improved range or reduced cost (if smaller batteries are used) could result in future demand accelerating further for electric cars. That report mentioned that this new battery chemistry should find its way into Tesla cars made in China in the last quarter of 2022.

Chrs W2