Ann: Moblan Lithium Project Definitive Feasibility Study, page-103

Excellent DFS as expected but the reality is, depending on permitting and finance, it's a few years away from having a positive effect on the bottom line and doesn't deal with the current issues ,so is unlikely to have any lasting effect on the shareprice while spod prices are low. Happy to be proven wrong but common sense says we need a sustained rise in our concentrate price to get some sustainable
momentum, short covering has its limitations as do events years in the making.

Timelines are being reviewed which will be part of the upcoming review.

However Moblan is a great asset to have and should attract a serious partner and a good offtake arrangement IMO. The DFS is relatively modest in scale and which makes it more manageable and it fits in with current management thinking of SYA being a supplier of spodumene at Moblan and not getting involved in downstream processing, leave that to someone with deep pockets and considerable experience and we supply to them...a much more realistic approach IMO.

Cheers Whisky