rincon salar update correction

14 February 2008
Company Announcements Office
ASX Limited
20 Bridge Street
SYDNEY NSW 2000
RINCON SALAR UPDATE - Correction
Headlines

One tonne of lithium Carbonate produced at high grade from pilot plant
Monthly pilot plant production expected to be 10 tonnes per month before expansion
Project finance proceeding according to timetable
Tender process for agency and sale of 10% lithium products completed first phase
Please note that the production from the pilot plant is 10 tonnes per month from the start of
April 2008, not per annum as stated in the previous release. This will generate revenue of
approximately US$780,000 per annum