Ann: Response to ASX Query, page-78

Back to my purchase price of 5 cents, well isn't this frustrating.

Stu and Steve, I am a long termer and believe in the resource, but seriously, what is the strategy here. Enough powerpoints with bags of cash, we need to be seen as a serious going concern, and atract funding and offtakes. 

What's the best path to this?  Pretty obvious, prove up Cauchari ASAP.  If that is a goer, leverage your trips to China etc to get us funding/offtake MOU or better.  If it's not a goer, back to Kachi, fund and build a pilot plant there ($5-10M figure was thrown about), prove beyond a doubt it is viable and able to crank out lithium NOW, and start selling the stuff.  Use this to fund a proper plant, recruit experienced heads, etc.

I know we have a really small team here and a massive area to cover, but even then I would have expected them to learn from earlier mistakes with the drilling, and get Cauchari results out long before now.  We don't look like a very professional mob right now, we don't look serious.  And if the results are crap, there is no point delaying their release to market.

You did great to peg out this land, but by now we should know without a doubt that this is commercially viable and getting our ducks in line to finance and develop the bugger.