Ann: MRG U & REE -Grant of Uranium and Rare Earth Element Licence, page-3

Ongoing sampling has more than doubled the size of Kingsland’s Lake Johnston lithium
soil anomaly in WA to 13km N-S and 4km E-W at grades of +100 ppm Li₂O.
▪ The anomaly contains high grades +200 ppm Li₂O in areas up to 3 km long and 400m
wide.
▪ Approvals for line clearing and air-core drilling received.
▪ Additional tenement applications along strike to be granted in coming months.
▪ Strategically located c.60km west of Covalent Lithium’s Mt Holland Lithium mine and
c.50km south east of Mineral Resources’ recently acquired Lake Johnston nickel mine;
MinRes has signalled its intent of creating a lithium processing hub in the region1.
▪ Kingsland’s primary focus remains on advancing the world-class Leliyn Graphite
Project in the Northern Territory, Australia’s largest graphite deposit.
o Maiden Mineral Resource Estimate of 194.6Mt @ 7.3% TGC for 14.2Mt contained
graphite successfully delivered2

More good news for MRQ