General Discussion Topics, page-88751

Highlights from ********* webinar.

1. Cheap hydroelectricity operation.
2. $100m cash, no debt.
3. Largest hard rock lithium base in North America.

NAL

1. March 2023 production.
2. 150,000t already on rom pad that can feed the crusher for 30 days @ full capacity.
3. Ore split between PLL offtake and other SYA customers.
4. First shipment July 23.
5. Additional offtake deals pending announcement in the coming months (I expect before shipment in July). Once this is announced, I’ll punch the offtake pricing into my discounted cash flow model to spit out an updated valuation with an amended discount rate to reflect the cash rate and inflation rate at the time.
6. 85,000t – 115,000t production from July 23 – Dec 23.
7. Aiming to hit nameplate capacity by end of 2023, producing 226,000t by June 2024.
8. NAL aiming to go downstream and produce 23,000tpa LCE by 2026.

Moblan

1. 1. 33,000m drilling completed by end of October 2022.
   2. Expecting from 12mt up to “in excess of 60mt”.
   3. Drill results to be announced in the coming months (before PFS in May).
   4. PFS May 2023.
   5. DFS October 2023.