Ann: Tests by Korean cathode manufacturer achieve 99.94% purity, page-61

For those that haven't yet seen this. Sound advice/commentary from Rodney Hooper.

"Ultimately it's what's produced."

"You can take very good assets and still not produce very good product."

Big job ahead but scale this up over the next few years, keeping this same quality and it's clear AGY will become a major.

An amazing opportunity has arisen for those new to Lithium and stumbling across AGY at this point in time. They haven't had to weather all the unknowns, debacles and naysayers from the past.

• Impossible to make Battery Grade from Rincon
• Threat of Enirgi process being better at Rincon/don't need ponds
• Resource not big enough
• Flow rate too low
• Suspension/court orders required for prospectus/3B
• M.Langford appointment/Failed Qianyun OT/Financing/cut ties (phew!)
• Gas issue
• Donkey issue
• Argentina election
• Numerous world events

We are coming up to 4 years since the original HOA with Pablo & Francisco (1/7/16):

Mr Alurralde’s key tasks and the strategy to develop the Project will involve;
Upon receipt of relevant regulatory permits and approvals, to immediately
thereafter commence relevant works to produce a laboratory scale quantity of
lithium carbonate equivalent product;
Pending successful laboratory scale production, conduct development works to
produce a pilot plant scale quantity of lithium carbonate equivalent product;
Pending successful pilot plant scale production, the Company will then consider the
best development pathway to ultimately target commercial production from the
Project.

The de-risking as a result of the previous 4 years of hard work getting to where the company is at currently is nothing short of amazing. And you can buy at just double the SP from when AGY had just an idea with an unbelievable number of variables/unknowns.

So far AGY have done everything they said they would (except for fixing the rubbish website). Albeit with some warts, frustrating delays and mishaps along the way (as per any company making it from explorer to producer). So I fully expect them to deliver on their initial commitment:

"Together, our aim is to build a credible and substantial lithium development and production venture.”

The next lithium boom should be very kind to AGY.

Patience required....................

Where's that funding!