Ann: Drilling continues at Kachi Lithium Project, page-28

As long as the rig is going I’ll be surprised if this breaches the 12-14 c level. We have already seen a gradual exit of the people in the know who are st holders and the holders with a stock focus. Now if we had found at depth the grades were poor beyond 170 or no brine conducting sands this would be problematic in the short term. Grades fluctuate through the salar. The key objective as a worse case scenario is that there are brine zones - this means that throughout the 50000ha, othe drill holes will encounter aquifers of good lithium bearing sediments. This is for the moment positive. The optimal is to have this in grades 250 plus and at least 50-100 m thigh on open. Basically the nrg approach. I would be very surprise if we do not hit economic grades sub 200 m depth. This would cause the herd to exit. However I keep reminding people this is 50000ha - usually companies have a 1/3 if these tenements. The smaller the size the greater the risk as we just run out of acreage to define resources. However even a small space is adequate if thickness grade and replenishment and excellent rate is achieved.