Thanks Mainy66. To expand on a couple of the points: 3. The...

Thanks Mainy66.

To expand on a couple of the points:

3. The lake.
Tom described it as a “friendly salt lake”. 2 kms is directly lake. Mining these is not uncommon - has been done successfully before. Some challenges, but easy to deal with. Need to manage drainage.

7. Production.
Said it was important not to go too early. Need to establish scale. “How big” was described as the important question.

Additional question on cross sections - Are they seeing a repetitious trend?
Response: Some elements are the same. They are confident on the big picture - just working on the detail.
Examining slicing dimensions and then will “put them back together”.

Other general comments:

Cash - They have enough for at least a year of drilling. To drill aggressively.
Current mission - To see how big the opportunity is. Build in flexibility. Minimise dilution. Drill all year.
Shareholders - Shareholder focused. 80% money goes in the ground. Goal is to add value for shareholders.
Growth - 3 consecutive quarters of growth. De-risked over that time.
Testing - Currently testing for 53 elements.
Results - Successful, depth and continuity. More value underground.
Preliminary Metallurgy - No obvious negative issues. Low processing costs.
Company - Own 100%.

Tom did all the talking.