Ann: Half Yearly Report and Accounts, page-11

RAF I believe you’re correct in saying we’re back to being an explorer. I think Quiono is correct in suggesting the feldspar is uneconomic to mine crush and ship. I also think that PIO identifying 700,000 plus tonnes of feldspar is also pointless as it is simply not economic. The Petalite and lepidolite might be worth the effort, but nothing forthcoming from DC yet. Pushing the feldspar aside for a Stage 2 mine to extract the lepidolite might still be viable, but that’ll be an announcement from DC.

I think lithium, cobalt and nickel will be in demand over the next 10 years and PIO may still have company makers at Pioneer Dome and Blair Dome. At least there will be plenty of money in the bank to test these areas. It will all come down to the drilling results. (Yes, I know it’s all net of DCs salary, performance bonuses, trips interstate for presentations to potential investors etc etc so don’t bother saying so, we all know it!)

Novo will be keen to give their shareholders some good news and anything positive re Egina may at least create some speculative hype for our terrible share price.

DC needs to be on the front foot with any positive news re drilling and or petalite/lepidolite negotiations. Negotiations really should have been sorted by now.