Ann: Assays confirm Adina as a robust, high-grade lithium project, page-158

Of the 51 companies I know of that have put out drill results in the past 12-18 months, Winsome's new 47.4 m at 1.64% Li2O would rank #11 with a grade x meter figure of 77.7. This result won't go on the chart because Winsome is already featured at # 5 on the list. I only put a company's best drill interval in the chart. Winsome is the real deal. Frontier has an attractive valuation as well. Patriot Battery Metals is an absolute monster, but its valuation is now A$1.5 billion. I think Patriot could double in value, but if it does, Winsome would probably triple.

The Company has A$60M in cash to drill, drill, drill. Once the Chinese spot price for Li carbonate stops falling, (down 51% in yuan terms since mid-November peak) -- I think high-quality Li companies will bounce back. I attended the annual PDAC metals/mining conference in Canada two weeks ago. There were over 30 Li companies there. Winsome was the class act of the show, them & Frontier. Patriot, AVZ Minerals, Leo Lithium, Atlantic Lithium, Andrada, Core Lithium, FireRing, Red Dirt, Lithium Ionic, and Liontown did not have booths at the show. But, many of those mgmt. teams were in town having meetings behind the scenes.

The following companies are known to be (or very strongly thought to be) looking to expand or enter the Canadian Li scene... Rio Tinto, SQM, MinRes, Pilbara, Lionstown, Core Lithium, Piedmont, Livent, Allkem, Lithium Americas, Wesfarmers, IGO ltd. & Sayona. Who am I missing?