Ann: Geophysics Generates Significant Prospective Drill Targets, page-2

Market yawned at this exciting piece of news IMO!!

Phil Thomas, Executive Director stated that “the low resistivity values at Formentera and
their depth are very significant - more than 1,000m in depth where the resistivity is less than
0.9 Ohm-m. We potentially have a very large body of brine with two concentration
centres up to 5km in length and 4km in width. The volume of this area at a 1,000m depth is
approximately 20 billion cubic metres. Drill hole porosity and transmissivity tests will allow us
to calculate the amount of brine held in this concession. We know that in some salars,
lithium concentrates at depth and this concentration, porosity, transmissivity and brine
release information is what we hope to attain with our upcoming drill program.”