Ann: Anson Receives Positive NOVONIX Battery Test Work Results, page-130

Great Announcement- An overview of lithium brine deposits.
Generally, lithium extraction from brine sources has proven more economical than production from hard-rock ore. While hard-rock lithium production once dominated the lithium market, the majority of lithium carbonate is now produced from continental brines in Latin America. This is primarily due to the lower cost of production. That said, Australia was still the world’s largest lithium producer in 2020 in terms of mine output, and most of that came from the Greenbushes hard-rock lithium operation. There are three types of lithium brine deposits: continental, geothermal and oil field. The most common are continental saline desert basins (also known as salt lakes, salt flats or salars). They are located in areas with geothermal activity and are made up of sand, minerals with brine and saline water with a high concentration of dissolved salts. A playa is a type of brine deposit whose surface is composed mostly of silts and clays; playas have less salt than a salar. Lithium brine deposits represent about 66 percent of global lithium resources and are found mainly in the salt flats of Chile, Argentina, China and Tibet.

All good with ASN.