Ann: Exploration Update Ruth Well and Osborne Joint Venture, page-12

GRE map released today
Azure - now gone $3b project value
SQM buys adjacent ground next to GRE / ARV $15m+ (on 100%), no announced Li results on surface
GRE - ARV announce more extensions to Li stroke 10-15km? (exact number not know)
Results 1- 3% on surface but haven't drilled key targets access to drill

Based on land value/ recent property transactions above at alone market cap is undervalued at $25m vs Raiden $65m

first company to drill outside of Azure and gets a sniff of Li early days round 2 coming up - no one else has started drilling yet!!
GRE first mover in the region outside of Azure well done !