Ann: Galaxy Ships First Spodumene from Mt Cattlin, page-23

re: Ann: Galaxy Ships First Spodumene from Mt... Oh and that should be full production of 17000 tons of Lithium Carbonate, but dosen't effect the calc as it is based on Gallaxy's stated revenue of US$130 million for full production of the Lithium Carbonate plant.

Also the Lithium Carbonate profit of $4000 plus/ton also roughly assumed $4500/ton for the combined operating costs of Mt Cattlin and Jiangsu Plant from the figures stated in the Hong Kong doc of "$4,331-4,416"/ton.

"(The life of mine average operating costs are translated at foreign exchange rates of A$1.00 to US$0.8056 and US$1.00 to RMB5.6765 which are in turn based on current foreign exchange forward curves over the life of mine.)"