Ann: Response to ASX Query Letter, page-112

thats assuming that 50ktpa is even possible, i mean did you even read this? 25ktpa and 50ktpa are considered maximum capacity, not production targets, to even insinuate that lake will be at 50ktpa in 2030 is incorrect, you can only assume phase 2 is an increase on phase 1, you cant assume a production target until the DFS is released, lake don't have the data right now to calculate a production target as defined by listing rules, to say at 50ktpa all of these petty problems will be in the past is ignoring that one of those petty problems is that LKE cant even say that 50ktpa is possible and they've been called out by the ASX for that, all you can do is sit around for 4 months until the DFS releases to see what the data shows