LKE 2.0

Created a new thread to discuss LKE 2.0 and monitor it's progress

*Strategically delivering on Kachi
- Working with strategic advisors on project financing
- Meeting with local communities in Catamarca monthly to provide project updates
- Discussions with US, European and Argentine regulators regarding strengthening the lithium supply
chain
- Ongoing discussions with SK On and WMC

*Next Steps
- Process design model complete
- Finalizing power design
- Kachi Demo plant testing near completion
- On target for completion of Phase 1 DFS in December 2023

*Focus of the last 30 days (Kachi DFS Phase-1)
Process Design – fixed and incorporated in DFS design
Power Design – nearing completion of DFS level studies and pricing validation
Finalizing modifying factor input – For use by hydrogeology teams in modelling
Equipment list completion – Market engagement
Capex/Opex estimates – Progressive compilation commenced
EIA deliverables – Received hydrogeology and process design inputs
All activities are progressing on schedule

* from ASX announcement 28th Sep 2023

Further Drilling at Flagship Kachi Project Reveals Higher Lithium Grades and Large Vertical Extension of
Lithium-Bearing Brine (ASX announcement 4th October 2023)