Ann: Drilling Update - Reung Kiet Lithium Prospect, page-13

That's a great drill result.

Stand out drilling points for me

• Drilling has defined extensive pegmatite dyke-vein swarms containing lithium mineralisation associated with lepidolite (lithium mica)
• Mineralised trend is approximately 1km long, remains open to the north, south and at depth.
• Intersected Li2O grades are in-line with other lithium mica projects in the global peer group
• Tin, tantalum rubidium, cesium and potassium mineralisation occur in association with lithium, and are allpotentially valuable by-products

Other interesting points

• PAM is focusing on lepidolite as a source of lithium as peer group studies indicate that lithium carbonate and lithium hydroxide projects using lepidolite as their plant feedstock have the potential to be placed at the bottom of the cost curve
• The Mineral Resource will be used as part of a Scoping Study that plans to consider initial production of up to 10,000tpa of Lithium Carbonate Equivalents (LCE) and associated by-products.
• Lepidolite has also been demonstrated to have a lower carbon emission intensity than other lithium sources and the proximity of the Reung Kiet project to installed hydro electric power and the expected short transport routes may see the RKLP’s carbon intensity lower still.
• The PAO stated that it wants to ensure that the requirements of the Reung Kiet Lithium Project are incorporated into the Phang Nga New Town Planning Committee’s zoning plans to ensure that the project can progress should exploration and feasibility results prove positive. (PAO = Phang Nga Provincial Administrative Organisation (PAO), a Phang Nga Provincial Government coordinating body)