Resource Update, page-7

Hi Damo

We may get a resource upgrade imminently. Maybe not. I note that the title of Hamish Collins's speech at the conference that Vector refers to, is "Supply and demand of cobalt and copper in the battery market". I reckon that he could talk about that and not even mention AML at all. Or maybe he will talk AML up, predicting looming oversupply. Eeek. Or he could say that there is a looming supply deficit and AML will save the day, bringing on new supply just in time. Hooray! Meanwhile, the sand in the hourglass continues to fall...