LKE towards TOP-5, page-3130

Good morning Lakers,

We shareholders had an awesome week with ATH close of $1.55. Based on current trend and future announcements, my expected target share prices have changed. I was initially expecting $2 by end June and $3 by end Dec but my improved revised targets are;

Revised LKE SP Prediction for 2022

End of Q2 LKE SP: $2.50 to $3

End of Q4 LKE SP: $4 plus

Orior Capital prediction of $1.89 may be achieved by mid April ‘22

Q1

1. Kachi demo plant progress (SP impact 10c)
2. Kachi expansion drilling progress (SP impact 10c to 15c)
3. ASX 300 entry (25c to 35c)

Original Target SP end of Q1: $1.45 to $1.60

Revised $1.55 to $1.80

Q2

1. First Tier-1 offtake partner (SP impact 25c to 30c)
2. Cauchari, Oraloz & Paso drilling progress and resource (SP impact 20c to 30c)
3. Release of DFS and ESIA with revised lithium price (SP impact 20c to 30c)
4. Confirmation of Kachi expansion to 51,000 tonnes per year (SP impact 20c to 30c)
5. Kachi demo plant completion (10c)

Original Target SP end of Q2: $2.10 to $2.60.

Revised $2.50 to $$3.10

Q3

1. Confirmation of construction finance (SP impact 10c to 15c)
2. New BOD appointment with an offtake partner or JV partner (SP impact 5c to 10c)
3. Second Tier-1 offtake partner (SP impact 20c to 25c)
4. Dual US listing announcement (SP impact 10c to 15c)

Original Target SP end of Q3: $2.55 to $3.25.

Revised $2.95 to $3.75

Q4

1. Cauchari, Oraloz & Paso development & and DLE partner (SP impact 20c to 25c)

Original Target SP end of Q4: $2.75 to $3.50.

Revised $3.15 to $4