Ann: December 2022 Quarterly Activities Report, page-12

A few comments below:

1. Very pleased with the Naraha's successful Lithium hydroxide production of first 200 ton Li hydroxides delievered to the customers. What an achievement!

2. Very happy with the Olaroz stage 2 reached 96% completion, with first production expected in Q2 CY23, impressive milestone achieved.

3. Felt very pxxsed on long dragged on the James Bay's permitting process. If I remembered correctly, James Bay's permitting processes started well before the merge of Galaxy and Oro days, I'd thought we should have the approval in bags years ago. Can't believe the difficult on Canada's approval system, which in turn shows how lucky we are because Australia's approval process is much smoother and simpler. Hope James Bay get the tick soon.

IMHO, DYOR, as always.