Ann: Investor Presentation , page-2

Projected Opex $120/t including cost of production, royalties and transport to port.

In addition they estimate a $40/t competitive freight advantage to Brazil.

The numbers are big. The second sylvinite target area has reported historical sylvinite at 275m depth the same as Kola.......... and that is 15km away from Kola.

The carnallite at Target 3 is reported to be up to 65m thick total and an ISL candidate.

And as well they are excited about upside from the pending carnallite assays from Kola, plus a maiden NI 43-101 resource is on track for this current quarter with the feasibility study award also to be made this quarter.

All systems go at ELM.