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Re: geopic post# 23

Friday, 05/20/2011 5:36:11 AM

Friday, May 20, 2011 5:36:11 AM

Post# of 65
Mid-May report:

MINERAL RESOURCES REPORTED BY CLASS
(0.8-per-cent Li2O cut-off)

AMC----- AMC --Oct. 28, 2010,-- Oct. 28, 2010,
Classification estimate estimate estimate estimate
(tonnes) grade (% Li2O) tonnes) grade (% Li2O)

Measured (M)------6,101,000----1.16-----5,654,000----1.15
Indicated (I)------23,194,000----1.20----41,015,000----1.20
Total M+I----------29,295,000----1.19----46,669,000----1.19
Inferred-----------20,935,000----1.15----57,581,000----1.18

As you can see, measured estimate did not change much but indicated and inferred combined: drop of over 50%.

Could be a while to recuperate...

g.p.

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