Class B: Announcement of an upgraded resource of at least 1 million tonnes of Lithium Carbonate Equivalent (LCE) over the Prairie Lithium project from an inferred to an indicated resource
Value of performance shares at current SP of 1.7c
Paul Lloyd $255,000 Barnaby $204,000 Matt $153,000 -------------------- Total $612,000
Barnaby had a lot to do with the resource upgrade, they used the same bowl for his hair cut to make the template on the drill pad.
This is just one class of 4 performance rights for the Prairie project. It is also the lowest amount of performance shares to be issued from the lot. Class C and D are nearly double and Class A nearly triple. Class A will be unlocked by December.
Class A: Announcement to the ASX of the completion of a profitable Preliminary Feasibility Study (PFS) for the Prairie Lithium project.
"Your Directors are currently remunerated below industry standard and significantly less than the senior executive management team, these performance rights will go a long way to bridging this gap." - Paul Lloyd
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(20min delay)