Ann: Lake Resources Provides Operational Update, page-153

1) So the director charged with the DFS for Kachi stepped down before it was delivered.

2) Likac/LKE had a dispute about timelines. Lilac did not deliver on time and as a result LKE had to adjust the timeline for delivery.

3) The pilot is not performing as expected with output well below design parameters

3) Still no carbonate for months
4) Drilling for wells and reinjection yet to start

5) the resource grade has dropped from 285 to 212mg. Capex and OPEX will increase and additional brine will need to be processed

6) And now the guy running Kachi has left and the DFS delayed until mid 2023.

Yet the fanbois still pump this thing. Oh dear