Ann: Material Exploration Target for Potential Resource Expansion, page-71

Worth also a mention that a significant portion of the upcoming drilling is directed towards resource to reserve (R2R) conversion. There’s an Inferred MRE of 37.8Mt@ 6.33% B2O3, excluding the right-of-way area, on what was the SCE Patented ground (now 100% held by ABR). Based on the previous R2R conversion rate of 70%, that’s another ~26.5Mt that will go into the mine plan which is already at 41Mt. So that’s a whopping 65% increase in Reserves to what was in the DFS! And all that is based on the 5.0% B2O3 cut-off. Imagine what the Reserves will be at the lower 3.0% B2O3 cut-off...

There’s easily a 50+ year mine life here to work with. If that doesn’t make it a world-class, strategic mineral, ore deposit, I don’t know what is!!!

The shorters will be covering before long...