Ann: Yinnetharra Lithium Project Maiden Mineral Resource Estimate, page-54

A few new faces following this announcement.

DLI haven’t produced any costings as yet. Dragging a comparison on CXO on anything other than an MRE is a long bow to draw.

As I understand it CXO has a pretty high cost given the distribution of their Li Pods. They also need to deal with the NT weather. So some of their reasons for not investing appear to be driven by both the Macro picture but also the resource itself.

Having said that I agree that the whole industry will be looking at ways to become more efficient there is no doubting that.

Could DLIs drilling have been more efficient. Probably. But they have found the goods. And with hopefully more to come they are in a better position than their neighbors at this point in time.

And who could forget that we have some key shareholders that know how to turn a profit mining.