Ann: Charger Confirms High Grade Lithium at Medcalf, page-145

Compare the strike length of both Cancet and Adina,
the depth,
the amount of drilling and the widths, grades
access to hydro,
DMS only,
Low iron content and limited crushing,
who is running the ship,
Environmental studies
Access to capital at a 100% premium through FTS.
Therefore I believe they should be atleast 20x with already to extremely economic deposits and one being a monster.

BNR on the other hand is close to a chemical converter and has fantastic rock chip samples. But I agree it is well overpriced and this is underpriced.

I spoke to David as I was very surprised by the assay results versus visual estimates.

The visuals especially for holes 3 and 17. They are different to what was reported visually by a long way. Usually you will see variances in grade but not depth. 25% is pretty high spodumene content so to go from up to 25% spod to 0 is strange.

Charger reported visuals of 10-25% spodumene at 25-31m depth.
Yet assay results for hole 3 start from 61m+
Same goes for hole 0017 visual spod started from 100m+,
yet assay results show NO spod intercepts at that depth or greater. Assay results, instead, show significant amounts of spodumene but all shallower than 100m.

The geologist is now involved in the fieldwork, not sure if he was or wasn't before and they're reconciling ways to do better.

I think they jumped the gun thinking it would be easy enough to visually estimate but the reality is it can be tricky to identify. A lot more so, when it's your first drill campaign and first set of assay results. This could improve in future or they could refrain from visual estimates imo.

On a positive note they have gone for assaying any material that is whilte/light with obviously a margin either side so they believe they will not miss anything.

We are still waiting on drilling results from the drill holes in 2023.