Ann: Lithium Discovery at the Scotty Lithium Project, page-27

Not as large as previous announcement of 168m deep over 3.6km2 but still a large lithium resource that will put LLI in ASX Top 10.

SC1 = 1.44Mt LCE

SC2 = 1.37Mt LCE

SC3 = 2.33Mt LCE

TOTAL = 5.14Mt LCE is equivalent to 173.2Mt @ 1.2% Li2O hard rock lithium.


ASX Top 10 LCE Resources (Non-producers only)

1. VUL - 26.6Mt LCE, brine, Germany, 100%.

2. JRL - 21.5Mt LCE, clay, USA, 100%.

3. AVZ - 16.45Mt LCE, hard rock, Congo, 51%.

4. EMH - 7.39Mt LCE, hard rock, Czech, 49%.

5. LLL - 7.15Mt LCE, hard rock, Mali, 40%.

6. GLN - 6.6Mt LCE, brine, Argentina, 100%.

7. LTR - 5.7Mt LCE, hard rock, Australia, 100%.

8. LKE - 5.2Mt LCE, brine, Argentina, 75%.

9. LLI - 5.14Mt LCE, clay, USA, 100%.

10. AZL - 4.4Mt LCE, clay, USA, 100%.


INR with 3.4Mt LCE, clay, USA, 80% has a MC of $569.54M for most advanced ASX listed clay lithium developer.

At a similar development stage LLI with 5.14Mt LCE, 100% owned Scotty project should have a MC of $1,076.26M.

The Scotty's basin is 5.7km long & current drilling has covered only 3.6km2 so resource will grow with further drilling.