Ann: Helikon 4 & Rubicon Stockpiles Upgrade to Mineral Resources, page-11

The drilling campaigns at Karibib are still in their initial phases, with a lot more ground to explore. This Mineral Resource update adds approx. 8,500 T of Li2O from the KEZAD chemical plant. It will feed the plant for another 1.7 years.

Any expansion of the MRE extends the mining life and provides funders with a greater project time frame. A 12% extension in mine life is welcome any day.

This Mineral Resource update is based on the drilling campaign that was completed before the CR. It certainly has taken some time to be prepared, following the premature and untimely death of LPD's previous Competent Person (Snowden's Vanessa O'Toole). Now that Cube's Bampton has completed the study of the previous results, we should expect further updates to be prepared more quickly.