General Discussion Topics, page-39

Keep in mind that 2 of the Mt Edon Tenements as well as the Tabba Tabba , as well as the Permit highlighted in BLUE below are subject to the following bulleted terms which are predominantly restricted to Lithium Pegemites ONLY.

However the balance of the tenements which you've highlighted in the Map are open to other mineral claims as I currently understand - but would want to make absolutely sure by checking with the Company itself.

As you can see by the below statement made by Management in a recent announcement , would tend to assume that the main tenement being the Mt Dove would be cleared for substantial Gold Exploration.

I note that AJM also has a couple of tenements with an earn-in with KZR as well....so potentially a lot to get excited about in lieu of this whole NAL and lithium deal going ahead anytime soon.

- SYA to acquire rights to all pegmatite related minerals (including Li, Sn, Ta, W) with Great Sandy retaining the rights to all non-pegmatite minerals (including gold and base metals);

- A 10 kilometre Area of Influence will be in place around all tenements included in the agreement. Any tenements applied for or acquired by either party after the signing of the initial agreement within this 10 kilometre zone will form part of the agreement;

- Pegmatite mining activities will always take priority over other mining activities; and

- SYA to keep tenements in good standing.

" Five Pilbara leases are being relinquished, including the Moolyella project (E45/4727, E45/4721 andE45/4700), Cooglegong (E45/4738) and Carlindie (E45/4775). Other regional WA tenements are beingreviewed to determine the best strategy to maximise their potential value, including leases around therecent De Grey Hemi gold discovery. The Sayona–Altura Earn‐In leases include the Mt Dove lease,E47/3950, which is located 12km to the south‐west of the Hemi mineralisation. "

Tenement Name Status Interest at Beginning Interest at end

of Quarter of Quarter

E47/3950 Mt Dove Granted 100% 100%*

E47 /3829 = Deep Well = 100% Sayona ( 50% AJM now ) and is comprised of 37 Blocks and is valid until 6th June 2024

E47 /3950 = Mount Dove = 100% Sayona ( 50% AJM now ) and is comprised of 12 blocks and is valid until 7th August 2023

E47/2983 = Mallina = 100% Sayona ( 50% AJM now ) and is made up of 44 Blocks and is valid until 12th August 2024 - and is Lithium Pegamite ONLY

E47/3802= Friendly Creek = 100% Sayona ( 50% AJM now ) and has 26 Blocks and is valid until 16th September 2023

E45/4726 = WestWondinga = 100% Sayona ( 50% AJM now ) and is the BIGGEST land holding with 77 Blocks and valid until 16th October 2022

And the 4 Licences to the North / North West of HEMI are represented as follows:-

E45/5289 = Strelley West = 100% Sayona ( 50% AJM now ) and is comprised of 1 Block and has no current expiry which means it's available

E45/5288 = Stelley = 100% Sayona ( 50% AJM now ) and is made up of 24 Blocks and is also open with no expiry date.

E45/4703 = Tabba Tabba East = 100% Sayona ( 50% AJM now ) and has 22 Blocks and expires on a 5 year basis on 29th October 2022.

E45/4716 = Red Rock = 100% Sayona ( 50% AJM now ) and is comprised of 60 Blocks and also expires on a 5 year term ending 29th October 2022 .