Ann: Turesi Prospect Progress Report, page-30

Correct.

Whatever the grade of the 26 metres, which I agree would be higher than the average, it would appear the grade is not near 1% Li20 because 26 metres in hole 3 of pegmatite is a significant width but they are saying hit uncommercial quantities of lithium overall in holes 1 - 3, suggesting what pegmatites they have hit is not high grade enough.

Suspect the reason for moving a few hundred metres away with hole 11 from the other main body of the drills is to pursue a bit of 'luck' as current drilling area obviously not considered appropriate. Running out of drills to strike a 'honey pot hole' this current campaign so I think that is it for now unless the remaining holes bring anything up. It is the way it is - ultimately the drill bit decides your fate.

I am just going to leave this post up which I wrote after hole 4 on the possibility the granite, been the quartz in the granite could contain low readings of Li -Post #: 32873314. At the time I thought drilling to the left of hole 3 might give us better prospects which obviously when hole 7 came out, and as I posted then as well, did not eventuate. But the commentary around the granite remains valid.

As I said the way it goes. Looks like I'll be taking a tax loss here before June 30, and when I do I doubt I will re-enter as this management here has tested me in the last year especially. Ultimately the drill bit decides your fate but I'll simply say the current management don't inspire me with a great deal of confidence (i.e. the omission of a more concrete table showing the grades at intervals is just one of a long line of omissions in their Anns so I am not surprised but the overall Li count in the first 3 holes (which will be the same in my opinion for the next 7 holes reported to hole 10) means new areas need to be identified for drilling.

Whatever happens happens, but I won't be departing bitter and twisted and come back here to vent. Just the way it is.

All IMO IMO IMO