Ann: Burmeister Lithium Potential Defined, page-105

There's at least three primary ways that TG6's share price is likely to lift:
1. A rising tide lifting all boats aka some factor like higher lithium prices improves the sentiment towards all lithium stocks
2. TG6 specific initiatives such as strong drill/met test results that advance it potential as a future commercial operation
3. Other nearby companies make discoveries improving the accepted potential for the wider Lake Johnston region

Regarding this 3rd factor:

• All quiet on the CHR front. Their last update was 11 April.
• All quiet on the E25 (JL) front. They have been tossing out lots of other ASX updates but have been very quiet re Lake Johnston.
• Poseidon (POS) is now putting out lithium related announcements. As per below they have put out a soils map with range of areas showing >100ppm Li₂O readings on tenements near their nickel plant. This is mildly positive as that's more positive soils massively along strike from TG6 but its a significant distance away and at this stage only soils.
• Audalia (ACP) has some tenements to the SW of TG6 and also south of Charger's Medcalf. They had a set of duster soils south of Medcalf which is moderately negative for TG6's E63/1960 claim immediately south and mildly negative for Taylor Rocks prospects (about 6km to the NE of this duster soils sampling). Of others nearby to TG6 they would be a rank outside as their claims seem to be more granite than greenstone.

The map below zooms out slightly on the area where POS did soils. TG6 has a pending claim E63/2434 which is the 6 block upper dark blue area below. Unfortunately 19 other companies also have a claim on the same area. Who knows who will get it. To the lower left TG6 has the claim on the dark blue 2 claim area (E63/2433). If POS finds something, these claims around its nickel plant go up in value. A sightly odd feature is that in Mindex E63/1784 is tagged as Essential Metals not Posiden.



The soils map re Audalia - noting to see. Only soil locations shown.


TG has a tenement adjacent to these failed Audalia soils.