Ann: Strategic Tenement Application Package to Expand Lake Wells, page-13

having produced a few exploration targets in my time, i suggest that the TH was asx instigated because of some minor technical wording. i imagine that there was strong temptation to include the so4 resource as a starting point, but again the asx rules are pretty demanding hence the exp target only.

still a good starting point to have over 6000m of drilling with assays and all of that geophysical data. should mean that a few well selected holes once the tenements are granted and a good resource upgrade should be coming. i'm not holding my breath for the tenement grant though, because firstly apc have enough to do to get the lsop funded and operational as everyone here knows, secondly there is no need for the brine until after the lsop is in production, thirdly who can know how long the native title discussions will go on.