Ann: Application for prospective Lithium tenement-MOX.AX, page-23

Spot on gladiator. Reduce the risk.

Re gold and lithium, check out bgs. 400k oz deposit in Mali. Were probably about 7-8mill mc. Announced a lithium deposit exploration play and a couple of weeks later sitting at 19mill so around 12 mill put on for the lithium play.

That could happen for MOX too furniture. However note that the critical factor is their lithium play is proven already to have spodumene, the thing the market is looking for. By further comparison, emh with the largest lithium deposit in Europe is sitting at 22mill mc - because it is lepidolite.

MOX have sent the wrong signal to start with by talking about lepidolite. They can still get some uplift in time but the real rocket is spodumene. LTR had the same problem - 390k oz gold resource in Tanzania, acquired a large prospective lithium play there, got initial run until first samples returned lepidolite. However they subsequently acquired spodumene prospective tenement in NT and interest has returned with extra now because LIT and CXO are into the same area.

So... Lithium is good, the 'right' type is better. Play it smart, you have time