Ann: Exploration update - Nevada lithium brine drilling, page-6

@SteveGolu

Hey mate,

This is a fairly neutral Ann by what I made of it given that the drillers are less than half way down at the time with no assays or analysis having been done yet.

It mentions they have encountered volcanic ash which is good. As explained in the Ann, this is the source of lithium for the brine aquifers in Nevada* and a precursor for and any lithium find.

With a bit of luck, this means we will have lithium at Big Smokey South - although not guaranteed as demonstrated by CM.

*Note that this is different to the brine mines in the lithium triangle which gets their lithium from the surrounding hills. In Nevada, it is leached from the volcanic ash that arose from past volcanic activity.

So to sum up, nothing too substantial - just a simple update for shareholders.