Ann: Envirostream Australia Update, page-7

It is important to note that there are no other EOL mixed battery shredding and processing facilities in Australia and with lithium ion batteries becoming part of everyday activities, there is a growing need for the industry to continue to evolve to manage this constantly increasing hazardous e-waste stream and fire risk.

Envirostream will continue to improve its own collection network and will continue to work on improving and leading the industry in this area through its affiliation with its existing suppliers and the Australian Battery Recycling Initiative.

Envirostream has begun identifying additional storage, sorting and recycling sites to expand its operations nationally as EOL battery volumes are expected to grow significantly. The Company has also begun a process to partner in additional recycling facilities in other priority jurisdictions around the world.

Nothing disclosed in this announcement is expected to have any material effect on either the December 2020 Quarter or the FY21 revenue for the Lithium Australia NL Group.

Envirostream continues to work very closely with the regulatory bodies to ensure its management systems, safety and environmental procedures are better than industry accepted standards and to minimize the risks to the local communities. Envirostream is focused on continuous improvement to ensure its battery recycling in Australia safe, environmentally friendly and the most sustainable practice.