Resource calculation, page-6

All good, a 2.7 SG is used by PLS and by the way the Company confirmed that the Phase 1 RC/DD program incorporating 60+ holes for ~20,000m would be completed on a 100m x 100m grid pattern (refer to https://www.asx.com.au/asxpdf/20171129/pdf/43ppdmkb19wv7k.pdf, p22 to 23 and below) where possible and in the vicinity of bonanza drill holes 001, 002 and 007 and up to +400m depths at both the Kitololo and Manono sectors. This pattern will suffice and form the basis for a JORC inferred/indicated resource: prior to a scoping study, IMO.

This Phase I drill program as posted before, may delineate in excess of 500mt @ +1.5% Li2O + Sn + and is not much higher than expectations from Klaus;

“We will have 300-400 million tonnes at around 1.5-1.6 per cent lithium oxide within the next four or five months, which will then be the biggest on the planet by three times more than Pilbara Minerals”, Mr. Klaus Eckhof, AVZ Executive Chairman, * article - 27^th February 2018.

I am more optimistic, as indeed drill hole MO18DD001 with a record intersection of 295m of spodumene bearing pegmatite has shown as already (refer to https://www.asx.com.au/asxpdf/20180219/pdf/43rp965jyhwf85.pdff), and Klaus likes to under estimate and over deliver, time will tell.

The Phase 2 RC/DD program incorporating another 20,000 will commence immediately on the completion of the above drill program, completed on a 100/50m x 50m infill grid pattern where possible and hole localities/depths will be determined as the Phase 1 program proceeds. This program will be in conjunction with detailed metallurgical test-work and will also will enable an increase in JORC resource categories to an indicated/measured resource, prior to a prefeasibility study, IMO.

Homogenous spodumene bearing Tier 1 orebodies are the key. A no brainer, the Manono Project is a most sought-after asset. Just a matter of time … Bye …



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“Given the continued support from drill intercepts to date, we have also upgraded our exploration target for the entire project, to be between 1Bt to 1.2Bt of 1.25% to 1.5% Li2O, including between 300 and 400MT of 1.25% to 1.5% Li2O for the Roche Dure pegmatite alone”. … Mr. Klaus Eckhof, AVZ Executive Chairman, 12^th September 2017.

You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right. ~ Warren Buffett