General Discussion AGY, page-309

In regards to RLC their results, their report from 5th October 2018 reads "Low levels of lithium and boron have been detected in samples of core from hole MBD-01 drilled during May on Reedy Lagoon’s (ASX:RLC) Big Smoky South project, located in Nevada USA (ASX release 14/05/2018). The results are consistent with the hyperspectral scanning results which indicated the presence of lithium bearing clays (ASX release 26/06/2018). 100 samples were submitted for assay from drill hole MBD-011 and results range from 10 ppm to 40 ppm lithium and from 10 ppm to 40 ppm boron which are not considered by the Company to be significant". - referring to lithium bearing clays, AGY are targeting lithium brine.

SRK have done a substantial amount of work on this project and if their works are valid, then this would give AGY confidence.