Highlights • MO18DD032 intersected 262.02m* @ 1.74% Li2O &...

Highlights • MO18DD032 intersected 262.02m* @ 1.74% Li2O & 698ppm Sn from 105.03m down-hole on drill section 7200mN

•MO18DD036 previously reported 236.47m* @ 1.70% Li2O & 422ppm Sn from 154.0m down-hole on drill section 7400mN. No deeper significant lithium intersections were drilled in the deepened portion of the hole

• MO18DD050 intersected 350.95m* @ 1.44% Li2O & 376ppm Sn from 146.3m down-hole on drill section 7400mN

• MO18DD052 intersected 157.31m* @ 1.76% Li2O & 1175ppm Sn from 99.13m down-hole between drill section 7500mN and 7600mN

• MO18DD054 intersected 205.04m* @ 1.63% Li2O & 1173ppm Sn from 35.2m down-hole on drill section 7000mN

• Scoping studies for 5 million tonnes per annum (Mtpa) and 10Mtpa underway. We expect the project economics to be improved further for both studies, especially in the areas of transport, processing, lowering strip ratio and increase of mine life.

• Positive roadshow in the USA, Canada, Hong Kong and China post release of the 2Mtpa Scoping Study and Operations update. AVZ has since been presented with a number of financing options including, but not limited to, equity investment, off-take pre-payments, project debt as well as other variations and combinations of these instruments. (my bold)

• Roche Dure mineralisation continues to increase and we look forward to releasing an updated Mineral Resource Estimate for Manono before the end of the year.