Ann: Presentation - Investment Outline Arcadia Lithium Project, page-39

According to the latest annual from September PSC is ready to take off any moment now

Pre Feasibility Study Completed, Largest JORC Hard Rock Lithium Mineral Resource in Africa,
20 Years Life Of Mine, Skilled and Experienced Management Team, Actionable Plan to
Production, Mining And Investment Approvals

Case for Arcadia Lithium Project
 Last major hard rock lithium resource in the world without contractual offtake commitments
 Globally significant JORC Code compliant hard rock lithium mineral resource and largest in Africa
 Zimbabwe is the world’s 5th largest lithium producer and the country has a long and established mining industry that is
supported by infrastructure, relevant skillsets and resources and an accommodative legislative framework
 The following approvals are in place to commence development at Arcadia:
 Environmental approvals – Environmental Management Agency
 Licenced foreign investor – Zimbabwe Investment Authority
 Relevant mining claims owned
 Special Economic Zone application in progress
 Significant further upside in the opportunity for a lithium chemical plant (Lithium carbonate and hydroxide plant).
− Pre Feasibility Study already underway with leading global engineering firm.
− This will be the first lithium chemical plant outside of Asia and Australia.
− Geographically well placed to serve European, North American and Asian markets
− Potentially increases investment returns by an order of magnitude as a result of the significant reduction in transport
and logistics costs and multiplier effect of processing on pric
e
 Near term supply potential – on closing of funding, target is to have the mine in production in 12 months
 Estimated supply of more than 15-20 years
 Core team is already in place and have significant Zimbabwean mine building and operational experience