Ann: Power and Summit execute Binding Term Sheet for Incahuasi, page-2

Bring in the technical team and the following

- Subscribing for a further US$1 million in PNN Ordinary Shares at a 25% premium to the 20-day VWAP of the PNN share price within 18 months from the execution of the BTS subject to shareholder approval;

- Completing pilot testing of Power’s brines from the Incahuasi salar and delivering a performance report on the production of lithium chemical products to positively validate the use of Summit’s denaLiTM technology on Incahuasi brine; and

Contributing to a JORC (and/or NI 43-101) standard PFS at Incahuasi.

the capital will be key. Good to have it all ready to go