XTC General discussion, page-2103

People who attended the AGM seemed confident that drilling commences in June.

The Company announce that it has been granted a Permit to undertake Hydrological drill holeexploration at the Company’s Carachi Project in the Catamarca Province, Argentina.

The current brine testing programme anticipates taking samples in an historical drill hole which willin part test the conceptual interpretation of improving grades with depth. The brine sampling will beundertaken at discrete 10 metre intervals using packers to isolate each layer, core sampling to testdrainable porosity of each unit as well as down-hole geophysics to carry electrical logging and gammaray down the hole.

The Company is looking to target the paleo salt flat with lithium brine at depths of 180-200m, covering 12,400hectares and is suitable for Direct Lithium Extraction processing (DLE). The project area shares geologicfeatures in common with other lithium-rich salars in the region. This brine aquifer has been reported ashaving elevated concentrations of lithium at Lake Resources’ Kachi lithium project located adjacent to theProject.