General Discussion Topics, page-25145

I believe you have answered it in Q3.

- Remember there are no deposits of mining of lithium in N.America.
- Telsa needs lithium, and with SK innovation just signed up to have 2-3 battery plants with Ford for US$11B...they are going to need lithium as well, especially to fulfil the quota they are going to need for the no. of batteries they are going to make for Ford alone.

- The plant (NAL) we have acquired would have cost 7-10 times capital expenditure, but picked up for only 50m...so having saved so much on plant, buying to increase our resource at this stage I believe IMO will basically put us closer to the top of the list for off-take agreements with the likes of SK and Tesla.
- We have the potential already now to be able to process the ore...

I recall back in 2018 SK innovation had done an off-take agreement with Australian mines (fell over because they couldn't raise the capital for plant) to buy all their Nickel and Cobalt - which was deal for AUS$13Billion over 7 years or so.
- So, we have a plant, and I believe when these large corporations like LG, SK and so on now do a deal with miners like SYA, and the fact that we are getting closer to that 2025 date, they need the confidence that they can get the materials they need and there will be no delay.
- Having the plant already puts SYA way ahead of many other miners....and now the more lithium we can supply, we will be able to service many of these large corporations.

All IMO off course.