Ann: Cash sale completed for Western Lithium Ltd, page-26

Comparing it "for like" brine sold previously, your assessment does not seem accurate. More like 70% of NPV

LPI vs Neo Lithium-

		Lithium Power Int. Stage 1 & 2	Lithium Power Int. Stage 1 excl Stage 2	Neo Lithium (Argentina)
	Market Cap	~U$226m	~U$136m	U$1.3b
	Stage	DFS or Bankable Feasibility Study	DFS or Bankable Feasibility Study	DFS or Bankable Feasibility Study
	DFS Author	Worley Parson, GEA & Stantec	Worley Parson, GEA & Stantec	Worley and Groundwater
	NPV (after tax)	$2.8b	U$1.4b	U$1.54b
	IRR(Internal Rate of Return)	31%	39%	49.9%
	Sold for (comparison)			AU$1.3b Share price =AU$7.13
	Upside	AU$2.6b* Share price = $3.70*X6 return	AU$1.6b* Share price = $2.04* X4 return	SOLD

LPI vs Lithea

		Lithium Power Int. Stage 1 & 2	Lithium Power Int. Stage 1 excl Stage 2	Lithea Inc. (Argentina)
	Market Cap	~U$226m	~U$136m	Private Entity
	Stage	DFS or Bankable Feasibility Study	DFS or Bankable Feasibility Study	DFS or Bankable Feasibility Study
	DFS Author	Worley, GEA & Stantec	Worley, GEA & Stantec	UNKOWN
	NPV (after tax)	$2.8b	U$1.4b	$1.22 billion
	IRR(Internal Rate of Return)	31%	39%	30.25%
	Sold for(comparison)			AU$1.22b
	Upside(comparison)	AU$2.6b* Share price = $3.70*X6 return	AU$1.6b* Share price = $2.04* X4 return	SOLD

LPI vs Enirgi Group

		Lithium Power Int. Stage 1 & 2	Lithium Power Int. Stage 1 excl Stage 2	Enirgi Group - Salar del Rincon (NOT AGY) (Argentina)
	Market Cap	~U$226m	~U$156m	Private Entity
	Stage	DFS or Bankable Feasibility Study	DFS or Bankable Feasibility Study	DFS or Bankable Feasibility Study
	DFS Author	Worley, GEA & Stantec	Worley, GEA & Stantec	UNKOWN
	NPV (after tax)	$2.8b	U$1.4b	$1.36 billion
	IRR(Internal Rate of Return)	31%	39%	30.80%
	Sold for(comparison)			AU$1.2b
	Upside(comparison)	AU$2.6b* Share price = $3.70*X6 return	AU$1.6b* Share price = $2.04* X4 return	SOLD