Ann: Change of Director's Interest Notice x 2, page-25

Don’t think it’s square one. I brought in originally at less than a cent when we were Quantum. Rode it up to 6c and haven’t sold a share. In fact I’ve even averaged up along the way, have an average price of 1.8c now. Speccy stocks I’ve found are hard to pick, some are just lifestyle co’s but this one has motivated management who keep putting skin in the game.

There’s been a lot of progress made, and still a lot of things to do. The share price doesn’t reflect the potential of this Company, but most lithium plays have been down across the board. It’s hard when the investment banks won’t let this sector run, they release a report about oversupply, then increase their holdings in the sector in the same breath. To me that’s a sign at some point the chain has to released, and I think we’re in the right place for when it does.

I feel as though management are on a journey and we are part of it. In 12 months the share price has trebled, I’d prefer a steady March to the end, not to be overvalued along the way.....

I’m still looking forward to see the Estelle results, and what comes of the JV.