Ann: Exceptional Lithium Drill Intersections from Andover, page-560

I assure you i am right about the ownership. Combined basis the major players' lithium stake is equalled to 67% of Andover's Lithium project before you retails here even own a sliver of this.
It is FACT.

So lets work out what retails really own of Andover...its a minority ownership.

• First up Creasy Group takes 40% of all lithium at Andover leaving AZS as a company holding just 60%.
• Secondly Creasy Group owns 13% of AZS so that means Creasy owns another 8% of the 60% taking Creasy Group effective ownership of all Andover Lithium to 48%
• Thirdly, SQM already owns 20% of AZS so effectively SQM owns 12% of the Andover Lithium
• Lastly Delphi owns 12% of AZS so effectively its 7.3% of Andover Lithium

Combined this is what the lithium ownership structure currently sits:

• Creasy Group owns 48% of Andover Lithium
• SQM owns 12% of Andover Lithium
• Delphi owns 7% of Andover Lithium
• Rest of retails and management owns less than 33% of Andover Lithium