Ann: Faraday Mining Proposal Lodged, page-17

Why is $WIN chasing Farday if the grade is low? I have been thinking about that for a little while.

The DSO Grades that have been sold on the market have been between 1 to 2% Li, $WINs grades are half that.

Core Lithium sold 15,000t DSO with an average grade of 1.4% for US$951/t

WIN Says they have ~500,000t @ 0.6% estimated, there maybe higher % in there but who knows at this stage. (Assays are coming up)

Napkin math time...

So maybe they can sell lets say for less than half maybe due to their low grade and the scale need so US$300/t
(If thats even a low grade someone is willing to buy)

15,000t x US$300 - $4.5m
30,000t x US$300 - $9m
etc...

I can't imagine NOT trying to sell all this as DSO after all its 500kt, but Im starting to think we are missing something about the 0.6%

It would have taken 1 phone call to ask if someone is willing to buy 0.6% DSO, to pursue this path someone must have said yes, I cant imagine decisions and announcements like this are made in a vacuum.

Following the bouncing ball, Faraday is near a road, easy access, and according to $WIN the Li its all near the top of the ground, so lift and go.