EUROPEAN LITHIUM LIMITED, page-2357

for a starter mine entrance hasnt been resolved which has been mentioned in quarterly that it is not an issue anymore and will be updated in coming DFS and also the resource size is very small which can still generate near 1 billion $ in company revenue yearly not considering the replica opposite to existing mine and Ukraine mines, which can make EUR one of the biggest resource!!! No doubt DFS has been delayed and that can be considered a concern but it has worked in EURs favour as the price of LI2O back in 2019 was around US$2.5k/t compared to now near USD 8k/t right now and price of LCT price from CNY 60k/t in 2019 to near 600k/t right now, capex may increase a bit which can be easily offset with prices we may get and also dont forget the largest direct OEM pre-pays in the lithium mining industry to date which maybe undertaken from powerhouse BMW!! Our PFS pilot test work has already produced battery-grade lithium concentrate at a commercial scale. To conclude EUR is the first licensed lithium mine in Europe!!