Ann: DFS Confirms NAL Value With A$2.2B NPV, page-24

i see all the positives

Definitive feasibility study estimates A$2.2B (C$2B) (C$1 = A$1.11) pre‐tax net present value (NPV)
(8% discount) for spodumene concentrate produced from combined North American Lithium (NAL)
and Authier Lithium Project, demonstrating Abitibi lithium hub’s long‐term financial and technical
viability
 Revisions to mineral resources and ore reserves improved head grade, recovery and total production,
driving enhanced NPV compared with 2022 Pre‐Feasibility Study (PFS) outcomes
 Production target increased to life‐of‐mine (LOM) average 190,000t annual concentrate production,
supporting after‐tax IRR of 2,545%; total net revenue of around A$7.6B and project EBITDA of A$3.7B;
NAL production capacity of 226,000 tonnes per annum (tpa) for next four years until start of
downstream operations
 Low‐risk operation set to become leading North American source of hard rock lithium production,
powering North America’s battery and EV revolution.