This report analyses recently published revisions to Lithium Reserves,
analyses realistic Lithium Carbonate production potential from existing
and future Lithium resources and discusses major factors of increasing
importance in the development of future lithium production for the
Automotive Industry.

Our main conclusions are as follows:

1. This report confirms our previous assessment that realistically
   achievable Lithium Carbonate production will be sufficient for only a
   small fraction of future PHEV and EV global market requirements, that
   demand from the portable electronics sector will absorb much of the
   planned production increases in the next decade and that other battery
   technologies that use unconstrained resources should be developed for
   the mass automotive market.
2. This report shows that the major economically recoverable Lithium Brine
   Reserves are lower than previously estimated at only 4 million tones of
   Lithium.
3. This report confirms that mass production of Lithium Carbonate is not
   environmentally sound, it will cause irreparable ecological damage to
   ecosystems that should be protected and that Lilon propulsion is
   incompatible with the notion of the “Green Car”.
4. This report confirms that the highly focused geographical concentration
   of Lithium production will exacerbate the already strained geopolitical
   relations between Latin America and the USA.

The recent paper “An Abundance of Lithium” catalogues numerous
Lithium deposits. It includes a wide spectrum of deposits in which the
concentration of Lithium varies from a low of 8 ppm to 3,000 ppm or
more in some parts of the Andes. Total Global Lithium reserves of 28
million tones are postulated in comparison with a reserve Base
estimated by the USGS to be 11 million tones.

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