Ann: Results Confirm Significant Colina West Lithium Discovery, page-129

And another very interesting aspect to yesterday's announcement which I haven't any seen any commentary on is the fact that LRS are calling what was previously called "untested", is now called an "Exploration Target".



An Exploration Target is defined by the JORC code to show an estimated tonnage and grade, neither which are included in the announcement.

t goes further on to say that if it is shown pictorially, which in this case it is, it must be accompanied by text which meets with the defined criteria (ie) tonnes and grade.

There is no way in my mind that a Competent Person, again defined in the JORC code, would have represented the area in question, and incorrectly described it as an Exploration Target, unless there has been work done to get it to such a status. That is, I am expecting a proper Exploration Target to be published soon, but probably it will come with the maiden MRE in December. But the reality is, it should already been published yesterday given they have pictorially described it as an Exploration Target.

That aside, if you can imagine a 1,000m strike x (say) 400m depth x (say) 350m width would add a considerable tonnage to what some are suggesting is an already 20Mt+ resource already.

Maybe I've got it wrong, but this is the way I am seeing. Maybe a retraction of this chart is required...or better still, publish the Exploration Target pronto!

Giddy up LRS.