Ann: Notice of Extraordinary General Meeting/Proxy Form, page-18

The MD of one of my other holds this week put out some numbers of what they think constitutes a Tier 1 Lithium Deposit. They defined it as 100,000 tonnes of LCE, which worked backwards was 50-80MT @ 1.2% to 1.3% spodumene mined over 20 years. (Run of mine around 3MT at that grade.)

So if my maths is correct, (1 million tonnes = 1MT) 100,000 tonnes = 0.1MT LCE. Steve calculates Scotty's LCE at 7.9 MT, which would clearly fulfil that Tier 1 definition. But perhaps that's a definition for a spodumene deposit as opposed to a clay deposit. !?

It's not my suggestion, I'm just mulling info as I come across it. I think investors will want to see a clear pathway to economic production, like they can do now when they see good spodumene results, before they will get too excited about it. Heck we're holders and we still want to see it, so we can envisage non-holders. Thankfully LLI has enough going on at Trieste and Yellowknife to get people interested IMO.

The buy-in by Rio between Winsome and Loyal is very interesting, and I note that Winsome and Loyal management had dinner together with Joe Lowry (and other Aussie Canadian Explorers) this week. All very interesting to think about wrt future possible M&A and the chess moves going on.