Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-12

There's quite a lot of drill holes "outside the current MRE" disclosed in that Quarterly, though once again no map.

I haven't maintained a database of every hole drilled but given the paucity of drilling updates in recent months I'm wondering if those have all previously been disclosed ? I'm not a geo, but it certainly appears that our total inventory is going to be a lot higher than our currently announced MRE. I realise that growth of the resource is not currently a priority given the importance of conserving cash in this Lithium environment, but it has always felt like the 100MT figure, whilst arbitrary, nonetheless carries a perhaps unfair significance as an indicator of a "globally significant deposit". PLS argued rather unconvincingly that it considered LRS a "Tier-1 deposit", but it seems to me that if we were at, say, 120MT rather than 80MT it would be very difficult for anyone to overlook us and consider us worth any less than LRS or even PMT.

Informed comments on the resource from those with a better understanding then myself would be most welcome. Random comments on price forecasts, capital raises or EV demand growth less so.