Ann: Formentera Lithium Drilling Assay Update, page-2

From today's announcement:

Phillip Thomas, Executive Chairman commented “We are making great progress on a
number of fronts with grades above our project average of 296ppm lithium, and continuing
high porosity. The next well should take 45 days to reach our target depth and we will then
have enough data for the updated Mineral Resource Estimate and we can target
preparation of a scoping study. The chlorides in this well are excellent. The next well is in the
western corner, nearly two kilometres from the eastern aquifer, so results will be a game
changer if there is an extension to the well. The MT geophysics suggest this, but proof is in
the assay!