Ann: Annual Report to shareholders, page-33

Are you easily confused?
Ive explained it a few times let me put it in dot points for you.

• Yes there are hundreds of companies trying to do what LRS have failed to do so far.
• Many of them won’t make it to mining.
• Despite this, I do believe that even if many of these co’s don’t bring a resource to market there will still be a lithium surplus in the coming years.

During boom times like the one we have recently seen around lithium nobody ever wants to think it will end, but I assure you it will.
If LRS fail to nail down a resource in the next 12-18 months they will get left behind.

Cheers, bud