Ann: EUR Announces Effectiveness of CRML Registration Statement, page-16

An example of how we can see the benefit of CRML has already been shown through the proposed transaction of the Leinster lithium project costing 1,234,568 CRML shares at a price share price of 8.10USD.

If we look at the equivalent proportionate price that we have had to pay, in regards to the EUR market cap, it is a pittance.

Considering that 1,234,568 / 67,788,383 total CRML shares are to be traded for the project. This equates to approximately 1.82% of EUR's holding in CRML. If we were to consider what this proportionately equates to, considering the EUR market cap, we have effectively purchased this project for:

65.7mil (Current market cap) * 1.821208% = 1,196,534 AUD

But do not get me wrong, there are many things that I find frustrating being a holder of EUR. I like transparency and have found it annoying to feel left in the dark at times. The biggest issue I have is that there is currently no clear time lined future plan for EUR, at least not published.

Although I try to be a realist though, unlike some, and weigh up the good with the bad. Tony has made a lot of good deals, now we sit and await their fruition.