Ann: Positive Test Results from Brisbane Pilot Plant-LWP.AX, page-2

POSITIVE TEST RESULTS DELIVER SUPERIOR QUALITY PROPPANT FROM LWP’S BRISBANE PILOT PLANT

Fly-ash testing work at Brisbane pilot plant ongoing with positive results achieved

R&D team testing local Queensland fly-ash to optimise proppant mix achieves minimum 6,000 Psi proppant

6,000 Psi proppant significantly higher in compressive strength than most mined frac sand proppants - positive results achieved up to 9,000 Psi proppant

Financial modelling indicates LWP’s fly-ash based proppants to be cost effective

Results further validate LWP’s fly-ash based proppants commercialisation strategy

LWP well funded with strong cash balance and budgeted works program