Ann: Higher grade Lithium to come on cusp shovel ready at Faraday, page-5

Not off the top of my head DS but pretty much all the DSO arrangements I've seen have been confidential. Even a lot of the Offtakes for Spod a reasonably Opaque.
I guess as long as we get an offtake partner that is willing to take it for a profit that's what matters.

Unfortunately this has put as back at least a month for the re-assays. Im hopping we wont be fitting the whole bill, but I'd guess we might be.

Discussions between the Company and Intertek have agreed that the 4-Acid methodology was not appropriate for
samples from Faraday. As such, all relevant portions of mineralisation that were previously assayed using the 4-Acid
digest method are now being re-assayed with the Fusion method, with some 2,800 re-assays required. This process is
expected to be completed over the next 4-5 weeks.

Upon completion of this re-assay process and with the addition of assays from recently completed infill drilling, the
Company will re-estimate the Faraday Mineral Resource.

One thing that gives me a glimmer of optimism is that its a 29% average. Looking through the cores some of the values are a lot more.

23MERC082 M26874x 1.79% from 1.06%
23MERC081 M26862x 1.14% from 0.60%

And we also now have High end Values in the 2%+ range.

Now I know I cherry picked a few of the better cores to illustrate my point and the 29% average is the important figure but the bigger percentage lifts seemed to come more from the high grade cores than the low end stuff so hopefully the resource estimate might even suprise to the upside of %29.


Again this is all Hopium, but with the market the way it is I'll take any upside surprise i can bloody get atm.