Ann: Upgraded Ore Reserve and Mineral Resource Estimates, page-43

There will be further upgrades in resource and reserves. Looks like management decided to take the safer approach and improve the category of the resource. It’s their necks on the line if the ore body didn’t do what they expected it to from the BFS and DFS studies. Now it’s time to expand the footprint so they are ready for stage 2 expassion.

The last reserves upgrade definitely derisks the project and although we aren’t the most exciting lithium up and comer like some other explorers with their huge widths and excellent grades what AJM is doing is much better than that IMO. We are ahead of the pack and the front runner to production which is just as exciting IMO because it means real cashflow. This is not to take anything away from upcoming explorers and other plays on the ASX but those buying AJM have less risk involved with their investment which is exactly why I targeted AJM and just of late have also entered the big brother in PLS.

Good luck all. Don’t forget to put these movements into perspective. We are extremely solid even post raising which saw management giving stock away at a very good price to Blackrock but as I have stated before this was a good move to get a fund on side of this size onboard to potentially bank roll any future capital requirements.