Ann: 2nd Drill Hole intersect Spodumene Bearing Pegmatite over 9m-PSC.AX, page-2

Drill hole ACD002 has intercepted a number of visibly identified spodumene bearing pegmatites as follows:

o 0.60m Upper spodumene bearing pegmatite from 10.20m-10.85m
o 7.75m Main Zone spodumene bearing pegmatite from 21.7-29.45m, well mineralised in spodumene and petalite
o 1m L1 Zone spodumene bearing pegmatite from 34.90m-35.93m
o 0.62m L2 Zone spodumene bearing pegmatite from 38.20m-38.82m
o 0.1m Quartz & Beryl from 44.81m-44.91m
o Drilling continuing.

Drill Hole ACD002 is a step out hole from ACD001 – on a 50m spacing
Drilling results in line with expectations from historic data
Mobilisation of the second diamond drill rig to site has been authorised
RC Rig under option and to be deployed as required.