Ann: Rincon Lithium Project - Progress Update, page-57

Excellent update and slightly ahead of where I thought they would be per my previous posts.

Filtration issues are now sorted and production will ramp up as this was the blocker in the flowsheet - all else being equal.

Not a great week for the carbonate price but the trend is still bullish. If we can demonstrate higher production rates in-line with plant capacity we will get rerate as it obv hasnt been achieved to date. Things are progressing nicely of late and it looks like the start of a turn.

I'm very happy with progress and I went in hard this morning.