"As the company moves toward pre-production, and to ensure an...

"As the company moves toward pre-production, and to ensure an orderly transition, the board is currently
evaluating a candidate for the role of Chairman. Once appointed, Stu Crow will step down from the Chairman
role to serve as a non-executive director in order to devote more time to managing the Company’s capital
raising activities and marketing, which requires a significant time commitment.

Lake is continuing to progress a range of funding solutions including debt or investment directly at the project
level to minimise any potential dilution to equity holders. The appointment of experienced chief financial
officer, Garry Gill (refer ASX release 31 October 2019) has further supported this process."