Ann: Notice of Extraordinary General Meeting/Proxy Form, page-21

100,000t LCE is low for Tier 1. It's a baby only capable of 10,000t LCE x 10 years mine life.

100,000t LCE / 2.473 = 40,436t Li2O / 0.012 = 3.37Mt @ 1.2% Li2O.

Thacker Pass will produce 80,000t LCE per year.




Peers for comparison.



Also Bonnie Claire next door to Scotty's with 18.37Mt LCE.

Forecast revenues from the large deposits producing 80-100kt LCE pa will be significantly higher & last for 40 years compared to smaller deposits producing 10-20kt LCE pa & shorter mine life of 10-20 years.

Will be easier to double capacity to 160-200kt LCE pa from the big deposits than explore/develop many smaller mines to increase global LCE production when required.

160-200kt pa x 40 years = 6.4-8Mt LCE so anything over 8Mt LCE is a bonus.

160-200kt pa x AUD $64.75k per tonne LCE = $10.36-12.95B revenue.

Thacker Pass proposed 80,000t LCE x $64.75k per tonne LCE = $5.18B revenue.