Lilac Exclusivity, page-50

Hey Mozza01,

Steve come back to me with the below response which I have cut and paste on my laptop (I hope the format comes out ok). As you can see, I also asked him about the lease holding which has been mocked by our resident serial pest Dughead. Steve also asked if I wanted a Zoom call to further clarify. I don't want to take up much of his time and don't feel necessary at this point in time. It is however reassuring that we have an MD that is both approachable and responsive.

Luke

In the interests of time, I will respond to your originalquestions:

Lilac and brinetesting

Why there is no mentionof Lilac?

They may well end upbeing "full" on Argentina and/or Lake with an expansion beyond25,000tpa (to 50,000 tpa ?) at Kachi.

As mentionedpreviously, there will be a formal announcement about a closer partnershipbetween Lilac and Lake, which already has exclusivity over much of the brinebasins in Argentina

However, other methodsmay also work well so its appropriate risk strategy to keep options open onother projects.

The market needs a lotof new production so we may need a different relationship on the next project,but its not our intention

Hazen is not the onlyprovider of conversion and testing capabilities but they are our preferredoption

Status oflandholding leases in Argentina

• 17/03/2021 – Lake Refreshes Kachi PFS

The projectcomprises approximately 74,380 Ha in thirty nine mineral leases (minas) grantedfor exploration with drilling undertaken within six leases. The tenements arein good standing, with statutory payments complete to relevant governmentdepartments. This was reviewed recently and confirmed.

• This was updated after an external legal review and is the most relevant and up to date. Just means that all leases are in good standing for the DFS

Regards

Steve