Ann: Appointment of Lycopodium for Optimised Feasibility Study, page-2

The engineering work during this stage will enable formal quotations to be secured from the market, in order to define the Project CAPEX to a Feasibility Study level of accuracy (+/-15%).

The Optimised Feasibility Study will include:
• Substantial Front-End Engineering and Design (“FEED”);
• Evaluation of modular potential to reduce development and operational risk;
• Review of market pricing for Spodumene and Petalite products;
• Reducing execution schedule risk in providing greater accuracy on key equipment selection and
sizing; and,
• Analysis of resultant project economics.

The Optimised Feasibility Study is expected to be completed in Q3 CY2021, with funding discussions being conducted in parallel.

This will be good to see with the Petalite recovery near doubling included.
Definitely focused on the pointy end now of project finance