Ann: Lepidico Update, page-52

‘equity partner being sought for over a year’ (way longer than that)

yes but as far as we knew it was being sought for Phase 1 downstream Chem plant

this is a total pivot again

you sound like you are hoping for an equity partner for Karibib…but the announcement appears sudden in nature and it reeks of desperation for cash and they have all options on the table

ZERO mention of how this pivot impacts their application for DFC funding (non disclosure?)

They also need to update their feasibility - it’s waaaay out of date

It’s also strange that they haven’t informed the market on the locked gate. It’s also strange that they are expediting this sale prior to exploration and resource upgrades (this to me is the biggest RED FLAG yet)

ZERO transparency around Abu Dhabi delays

Unfortunate that LPD have to go down this asset sale/stripping route when they could have just received appropriate consultation and design fees from Cornish Lithium

GJ is permanently on site at Cornish Lithium, it’s strange that LPD have not been more transparent around this commercial sensitivity

ZERO updates on US strategy progress

call me the downramper, NOPE I’m the realist, you’re the out of touch optimist