Ann: Technical Due Diligence Update, page-13

There is nothing promising (or alternatively nothing discouraging) in this ann whatsoever. It is merely a technically worded statement that they are conducting the due diligence.

A pegmatite is just a rock classification, in the same way that quartz often carries gold but quartz is common and seldom carries gold. Same as you finding quartz in your backyard doesn't mean you have gold, the only indicator here is nearology that the AVZ pegmatites had lithium bearing crystals, there is a higher chance that these pegmatites will have lithium bearing crystals.

But all this is already known, and is already the basis of the current M.C.

The announcement that there will be some results of the surface pegs by EOM is the thing some people might like, justifiably. If these surface dumps had obvious lithium (i.e. spodumene or lithiophyllite) at high concentrations (i.e. measured in whole percentage points) then this permit would not have been available. Guaranteed.

But I suspect there may be a few people who have bought because the word pegmatite is written and the word pegmatite is in the AVZ releases. It''s irrelevant as a price sensitive ann, everyone already knew there were rocks to investigate.

So, nothing to get excited about, nothing to be bearish about... they just looking for an indicator that it might be worthwhile to dig deeper. And that has been known for weeks now.