explaination, page-10

Just to clarify, the 50/50 JV with the Saudi's is for the Hydroxide operation only. This will be fully funded by the Saudi's.

The binding announcement earlier this year had already locked in a price range for spodumene to be purchased from the Wolfsburg project at baseline/minimum US$3000 / tonne. This will be 100% CRML owned. There are already a lot of boxes ticked and increasing certainty of a successful company. The remaining 35% funding needed will come soon via financing/grants as per previous announcements and investor relations discussions.

In future there may be the potential to source other feeds for our 50/50 owned Hydroxide plant, hence even further value potential from this Saudi deal. Eg. Ukraine, other Austria projects, other countries/companies with Lithium spod operations. Lots of opportunities.

Good luck to all holders.