Ann: Updated Ortenau Indicated and Inferred Resource, page-78

When are you going to give up ??

The very first paragraph of the recent ann says --

"Following the acquisition and interpretation of seismic and well data, announcing an updated and reclassified Ortenau Indicated JORC Resource Estimation of 2.06 Mt contained Lithium Carbonate Equivalent (LCE) at a grade of 181 mg/l Li."

Surely you understand that you only get well data from a well or series of wells drilled into the aquifer or type of aquifer under study - and the JORC quallification has been signed off by a person qualified to JORC Code standards in wells, aquifers and brines.

"Competent Person Statement:
The technical information that forms the basis for this News Release has been prepared and reviewed by Mr. Roy Eccles P. Geol. and Mr. Steven Nicholls MAIG, who are both full time employees of APEX Geoscience Ltd. and deemed to be both a ‘Competent Person’. Both Mr. Eccles and Mr. Nicholls have sufficient experience relevant to the style of mineralization and type of deposit under consideration and to the activity which they are undertaking to qualify as Competent Person as defined in the 2012 Edition of the Australian Code for the Reporting of Exploration Results, Mineral Resources, and Ore Reserves (JORC Code). Mr. Eccles and Mr. Nicholls consent to the disclosure of the technical information as they relate to the mineral resource information in this News Release in the form and context in which it appears."

Further in Section 3 of the legally mandated JORC statement

JORC Code 2012 Table 1. Section 3: Estimation and Reporting of Mineral Resources

This statement appears.

"This lithium-brine Technical Report has been prepared by a multi-disciplinary team that include geologists, hydrogeologists, geothermal specialists, and chemical engineers with relevant experience in the Permo-Triassic brine geology/hydrogeology and Li-brine processing. There is collective agreement that the Vulcan lithium-brine project has reasonable prospects for eventual economic extraction, and the author, Mr. Eccles P. Geol. takes responsibility for this statement."

DYOR and read the full report.