Ann: December 2017 Quarterly Activities Report, page-31

Spot on, but technical grade prices IMO will fall below spodumene prices paid by lithium carbonate and hydroxide producers in future given that is where the growth areas in lithium use will be. Low iron is fundamental to the technical grade market.

Chemical grade lithium is what we certainly have here and that is used as the input to the lithium carbonate and lithium hydroxide market. Chemical grade lithium cannot be used in the ceramics market (as a substitute for technical grade lithium). Now technical grade lithium can also be used as chemical grade lithium but not vice versa. So if iron is low here and other impurites are low yes AVZ can also serve the technical grade market which serves another revenue stream to AVZ and any buyer, but fundamentally would also confirm my view that the resource will be able to serve the important hydroxide market. All IMO

If they can serve the technical grade market then they can, in a Net Preent Values sense, also direct any excess production to that market to further drive up project feasibility here IMO assuming the JORC proves up a mineable deposit.

All IMO so lets see what the drills bring.