Ann: NEW DISCOVERY AT TABBA TABBA - LUKE PEGMATITE 41M @ 1% Li20, page-56

Please read my note again Nico

I'm not talking about MRE … I’m talking about a target resource statement as Azure and Spartan have done

share prices will slide on a lack of material news flow.

today we receive a positive announcement on a new lithium occurence, and the price slides … why?

the market is actually waiting for resource target statement, metallurgy and/or some corporate action.

drill results confirming the presence of more lithium in this area means little from here … unless it is put into some commercial context

I don’t think there are issues, I just think WC8 could deal with this differently (I.e. sighter metallurgy and ‘target resource statement)

FiRB is now being slow approving SQM takeover of Azure … so nothing is going to happen on that corporate front with SQM/WC8 for a while .. imho