Ann: Extension of Voluntary Suspension, page-40

Hi Maurice. I have to say that I do not agree that A40 is a mid sized producer. I would classify it as a small producer. Talison might be considered as a large producer, based on its > $100m per month revenue from its Greenbushes operation. A mid size producer might be one which demonstrates a consistent revenue of between 25 and 100 million dollars per month. Most mines in Australia fall in this category. A40 is well below this threshold and has little more than a tny office in Osborne Park, a small camp in the eastern goldfields and a handful of employees there. We know that they have a contract miner and a contract crusher on site. A40 is the smallest producing lithium mine in the whole of Australia, If I'm mistaken, I'm sure I'll get a correction from the other posters. We should not be awed by the market cap.The market cap of any listed company is only a PERCEIVED value of that company and has nothing to do with tangible assets or track record.