Ann: Another Significant Spodumene Discovery at Salinas, page-99

Good Good Good I say for LRS.

Only well funded explorers operating in a low cost jurisdiction has a chance of producing in 2026 / 2027.

At the current rate of development not one new WA producer bar LTR will be operating prior to the next decade and only AKE James Bay will be a new operator in Canada this decade.

WA underground will be the basis for most other new mines and low prices mean these will be slow to production unless they want to dilute themselves to oblivion.

Asset banking anyone?? What do people honesty think Chris Elision is up to? Anything he is now involved with will not be in production unless prices are high.

The rest of the Canadian plays have a cat in hells chance of being in production now before 2030. AKE James Bay is in year 5 of permitting and counting. 2 years to build, they will be lucky if operating in 2026. The rest not a diddly.

Higher prices for longer 2025 - 2030 for those willing to wait IMO.

2019 / 2020 showed what occurs if prices are too low, NO new development.

Lets see