Just to make that clear upfront * I hold both PLS and CXO * This...

Just to make that clear upfront

* I hold both PLS and CXO
* This is not an investment recommendation
* This is not a cross promotion, the comparison only serves to show the extent of the possible resource capacity

Comparison of both lithium project sizes:

PLS

Pilgangoora project
100% owned with two processing plants
* 580,000ktpa
* Target 23 at 680 ktpa
* Future expansion target is P1000
* 1000 km2 project portfolio outside the Pilgangoora Mine
* 70% of which in consolidated ownership
* Mine life (estimated 46 years)

Core

Finniss Lithium Project
100% owned
* 500 km2 consolidated holdings currently at 15 million Mt (1.3% Li20)
* Production target 197,000 Mt
* Mineral Resource Estimate
currently 18.9 Mt + 28% yoy
* Ore Reserve Estimate currently 10.6 Mt + 43%
* Conversion Rate 56%
(Grants/Hang Gong/BP33/Carlton)
* 248,200kt Li20
* Mine life 12 years (20 years in 2023?)

The question I am asking is how large will the mineral resource expansion be in the end? Just looking at the BP33 drill hole figure alone, only in this section is there room for interpretation for much higher mineral resource estimates!

I repeat a statement from the last ASX Presentation from 09/29/2022

"Spodumene bearing pegmatites were intersected in several drill holes at BP 33. Importantly, these intercepts fall well outside of the current Minerals BP 33 and will likely contribute to a positive update to the mineral resources." The goal remains to invest in organic growth to create value by extending mine life.

What mine life is realistic here, or rather, can we even catch up with PLS in 2-3 years?

Any thoughts?