Banter and general comments, page-12

There are features of the AZS Li project that make it a potential world class MRE:

1. There are so many pegmatite outcroppings 700+. Ie potential for multiple large deposits

2. The outcroppings are up to 1.2km long and based on other large projects (eg LTR, KDR, PMT, PLS) the length may be multiple times that under cover

3. The width of the pegmatite outcroppings range up to 100m to 200m - as for item 2 the width may be multiple times that under cover

4. High grade rock chips (ie 3%+) and there are multiple such chips in some of the outcrops eg at least 8. There is the potential for assay results of decent lengths (eg 50m+) being high grade (eg 2.5% plus)

5. It is possible that some of the pegmatite outcroppings will join under cover due to 2 and 3 above.

If items 1 to 5 are achieved then the size of the potential resource substantially increases eg 2 deposits x 3km x 200m x 2.0% is 16 times the MRE than 1 deposit x 1km x 100m x 1.5% deposit.

For this reason there is the potential for not just a 100mt resource but a 200mt or 300mt resource. At this stage of knowledge the probability of a 200mt MRE is very low (eg 0.1%, but if early assays validate the potential in items 1 to 5 above the probability of such a huge resource will increase significantly.