Ann: Wide, High Grade Intersection at BP33 ahead of DFS, page-17

Haha. This wasn’t the Ann I was expecting but a pleasant and welcome surprise. Some great intersections there!

”these last results from BP33 are important to increasing the high level of confidence in the ore body and the accuracy of the input and outcomes of the DFS.”

does this mean that there will be a resource upgrade for BP33 which will be included in the DFS? If the answer to this is yes, then could the Hang Gong resource be included in the DFS, given that the Hang Gong resource update/upgrade would likely occur well before any BP33 resource upgrade? Hmmm....

Our current BP33 resource is 2.15MT @ 1.51% Li20. Since the last BP33 resource upgrade, we have today’s intersections that could be used to further upgrade the resource:

* 76m @ 1.78% (including 21m @ 2.06% wow!)
* 51.75m @ 1.72%
* 31m @ 1.63%

plus assay results which were received earlier this year and were reported iin the last qtrly:

* 75.2m @ 1.57%
* 23.2m @ 1.39%
* 57m @ 1.53%

Those are some great intersections at BP33 that have yet to be incorporated into the BP33 resource. Remember: Grants second resource upgrade saw an increase in resource of 42%. A similar-sized increase for BP33’s second resource upgrade could see BP33 possibly crack 3MT

We currently have a global Finniss resource of 8.9Mt. With the Hang Gong resource upgrade due VERY SOON, and IF the above assays result in a BP33 resource upgrade, I think this alone could see us crack 10MT, or at least get us very close. And then we will still have Lees-Booths to come after that

For those of you playing at home, here are some of the +2.00% Li20 intersecfions that have been recorded at BP33 to date:

21m @ 2.06%
10m @ 2.00%
25m @ 2.00%
23m @ 2.07%
4m @ 2.05%
14m @ 2.05%
3m @ 2.18%
7m @ 2.02%
4m @ 2.00%
3m @ 2.00%
4m @ 2.02^

(there was an intersection that just fell short: 55m @ 1.97%)

Not too shabby! Grants is even better

We have some amazing grade at Finniss that’s for sure

IMO

GLTAH