Ann: Rincon Lithium Project Update, page-383

HI Jezzaa,

Biggest take away from AGM is/was the mechanical issue surrounding the production which at the current lithium price makes it uneconomical to carry out entirely. Also operating cost such as reagent increases dramatically as well. To make it viable or at least close to break even, the Lithium price should be higher than current level. I have an impression around USD 17K (best guess) due to not reaching optimum production number.

Company believes in their flow sheet to produce Lithium carbonate although not consistently due to mechanical problem. I am not sure if design lay out also play a role in this or not.

A holder asked if CR will still be happening in which Management at the time of meeting said "No"