Ann: Drilling at Kachi as DFS Funded, page-5

The Company is well financed for the Definitive Feasibility Study (DFS) and these activities. As reported on 27 November 2020, the Company extended its existing Controlled Placement Agreement (“CPA”) with Acuity Capital to 40,000,000 LKE securities with the expiry date now 31 January 2023 and funding increasing by $5.5 million. Lake Resources NL utilised its Controlled Placement Agreement (“CPA”) with Acuity Capital and raised $3,375,000 (inclusive of costs) by agreeing to issue 40,000,000 LKE shares to Acuity Capital at an issue price of $0.0844 from the Company’s LR7.1A capacity. The issue price of $0.0844 represents a 13.6% discount to the 15 trading day VWAP of $0.0977 to 18 January 2021 (inclusive).

as usual pathetic fund raise....down dowm we go