HWK Chart, page-380

I find understanding Li a bit tough:

320,800 tonnes Lithium Carbonate Equivalent (LCE) JORC

So 320,800 tonnes X USD $7,000 = 2.25 Billion USD ( Around AUD $3 Billion) (From 4% of Tenement)

Please correct if I am incorrect.


From Investor presentation: https://hotcopper.com.au/threads/ann-hawkstone-investor-presentation.5743088/


BIG SANDY LITHIUM PROJECT

DEVELOPING A LOW-COST LITHIUM PROJECT

*Underexplored with Only 4% of the 100% owned 25km² Big Sandy Project drilled

*Peak Lithium value – 4,380ppm Li

*Proven leaching concept and recovery process

*Arizona Top 10 global mining location, excellent infrastructure

*Capturing battery demand strategically located in America’s batterycorridor

*Total Indicated and Inferred Resources of 32.5 Million Tonnes
(Mt) grading 1,850 parts per million (ppm) Li or320,800
tonnes Lithium Carbonate Equivalent (LCE), reported above an
800 ppm Li cut-off1.

*The high grade zone of the JORC Resource comprises 49% of
the resource at 2,380ppm with a cut off of 2,000 ppm.


NEXT STEPS IN DEVELOPMENT
Appoint consultant to:
• Bench scale test processing route
• Preliminary design of pilot plant
• Produce battery grade lithium for testing by potential development partner



BIG SANDY SEDIMENTARY LITHIUM PROJECT
Environmental Survey Completed Q4 2020
Bulk Sample for Pilot Plant Testing Q2 2021
Production of Battery Grade Lithium Q4 2021