Ann: Intention to Demerge Goulamina Lithium Project, page-47

I think it's fair to say, our whole present market cap is based on the gold side, Goolamina represents a very small part. I believe if we didn't buy Morila, our market cap would be over $100m just based on the DFS being released and the interest in Lithium stocks.

That $100m is very very conservative when you look at other Lithium companies' valuations. Once the market gets a sniff the project will be developed (eg thru the potential partners/offtakers in the data room) we will start to see valuations like other Lithium stocks.

With development time of 2-3 years, the time to be realising our assets value is now. Lithium is a very common mineral, once the prices increase (as they are already) to profitable levels, every man and his dog will be developing Lithium mines. We have a shovel ready project, don't waste the first mover opportunity.