General Discussion, page-2082

Yes on resource basis it's true. However, not all is equal...

I have made just surface level comparison of planned production with potentially comparable timelines and likely ownership structure. All IMO, DYOR.

Leo Lithium - Stage 1 (H1 2024) = 506 ktpa * 0.06 (% Li2O) * 2.4732 (LCE conversion factor) * 0.4 (% LLL ownership) = 30 ktpa LCE
Galan Lithium - Pilot Plant (Construction H2 2023) = 4ktpa LCE

Leo Lithium - Stage 1 + 2 (2025??) = 831 ktpa * 0.06 (% Li2O) * 2.4732 (LCE conversion factor) * 0.4 (% LLL ownership) = 49.2 ktpa LCE
Galan Lithium - Full Scale (permit application H1 2023) = 20ktpa+ LCE

As you can see planned production is nowhere near comparable.

Many other factors. Just to name a few, Brine vs Hard Rock, Jurisdiction/permitting, Offtake partner, CAPEX, OPEX etc.. DYOR

Cheers,