Good old fireside chat, page-9421

Hi All,

I contacted Bruce just for some clarity around the Outotec test work being done, whilst the information below isn't new info it summarizes all we know into a neat few paragraphs.

I do admire Bruce for replying to shareholders as not all small caps communicate as effectively with SH's. 

Bruce reply below;

Thank you for your email andthe compliment.

I can only provideclarification on announcements, so nothing new here.

Outotec have completed a numberof tests on Anson’s brine. The results were compared with those from Lilac andthe results from pond evaporation tests that we conducted.

Three different process,Lilac’s  Ion Exchange which extracts the lithium only.  Outotec’smineral concentration through heat and/or vacuum evaporation prior to a plannedsolvent extraction which precipitates a magnesium and calcium before thelithium. Finally traditional pond evaporation to concentrate the mineralsbefore processing.

Lilac’s process produced thebest results for lithium extraction and so we are proceeding to the next stageof work with Lilac for the extraction of lithium.

As you can understand we arefocused on the extraction of lithium but we are examining methods where we cantake advantage of the other minerals as well to optimise returns for investors.

We have announced that we havecommissioned Hazen to conduct test work for the extraction of boron, bromineand iodine and that this may be done in front of the Lilac process to extractthe lithium. The effluent in this process would contain calcium, magnesium,potassium and sodium which could be extracted by using the Outotec processshould we decide to do that.

Outotec is considering what torecommend to us as the next stage of test work to ensure that the results fromthe solvent extraction method meets our goals.