Ann: June 2018 Quarterly Activities Report, page-33

DYOR:
Not sure what the status is on Pancho or the alliance agreement?

Lithium opportunities have not been mentioned in June quarterly report, however the following statement came from the March quarterly report:
"During the Quarter, Atlas carried out further work to finalise a drill program designed to target lithium  enrichment at its 100% owned Pancho lithium prospect."

Also the alliance agreement with MRL:
"The Alliance Agreement
Separate from the Scheme, Atlas and MinRes have also identified a range of opportunities on
which they can cooperate. To pursue these opportunities, the companies have entered into an
Alliance Agreement that provides a framework for:
• The parties will pursue a number of existing and potential future commodity opportunities
• A new vehicle (“SPV”), controlled by Atlas, will be responsible for managing Lithium and
Manganese operations
• MinRes will provide the initial working capital for the SPV operations, with Atlas then
providing funding going forward
• The alliance agreement and SID are not inter-conditional"