ESR updating its shareholders!, page-16

Interesting positive article in today's West Australian newspaper headed "Chinese takeaway for lithium".

"Mineral Resources and Neometals have joined the ranks of WA 's lithium exporters waving off the first load of concentrate from Kwinana on Monday night."

It states Ganfeng owns 43.1% of the Mt Marion project; MinRes and NMT own 43.1% and 13.8% respectively. NMT and MinRes are considering building their own downstream processing facility.

The article goes on to state that Galaxy has just been the beneficiary of an oversubscription for a new placement totalling $61m !

The Company is now valued at $1.1billion based on the last share price of 59.5c.

The above is given as an indication of the strength of the market for lithium. The Chinese market is huge and growing constantly. The demand for lithium is expected to continue to grow and consequently, those Companies with a mining lease and a resource will be beneficiaries of that expansion in demand.

ESR are about to begin drilling. If, as anticipated by the confidence shown by NMT and the Chinese, , they can prove up a significant resource, the sky is the limit imo.