Ann: Quarterly Activities Report - September 2018, page-77

Agree, not point in producing the mother load and burning cash quickly till off take is formalised.

They clearly have an Off take partner, and I would say the PEA will come with funding news.

The below is very positive, and it is becoming blinding obvious the Battery grade at 99.8% is a real competitive advantage.

"The Company also is continuing towards arranging potential medium and longer-term offtakearrangements with the highest quality major battery and cathode industryparticipants.The product qualification process the Company is now working to, which is an industry normand to which all cathode and battery manufacturers must adhere to, will ensure theCompany is placed in a strong position for future product sales. Argosy is one of the first newLCE product suppliers to reach this position, and it reinforces the strong position theCompany is in to establish its credentials well before many other lithium companies, giventhe stage of development achieved by Argosy"