EUROPEAN LITHIUM LIMITED, page-2062

Very strong close at 7.8c to close in the green after being sold down all morning.

Getting closer every day to the DFS being released and BMW partnership deal confirmation.

Low MC only $108 Million
$30 Million cash in the bank.
MOU with BMW, who have indicated they will take 100% off take of all Lithium produced. BMW to pay $15 Million cash up front once deal finalised.
DFS pending release in Oct 2022.
Environmental approvals pending.
Mine already constructed, just needs supporting infrastructure to be completed.
First Lithium production targeted for late 2024.