Ann: Quarterly Activities and Cash Flow Reports - 30 Sept 2023, page-36

I disagree with your statement. They have provided every possible positive outcome from their activities to date. One could argue the speed, but not the quality of the deliveries. Management doesn't participate in the shares trading.

Now the physical activities have been completed. Instructing drillers...asking consultants to do a graphite PFS or a Lithium Carbonate production Study is fairly simple to be honest. They have just pay third party to this these jobs. The good thing this is done, and the projects are profitable.

What happens next is what defines LEL's future...i.e. negotiations of:

• a sale of the asset (Lithium likely)
• a demo plant (looks to be coming)
• off-take agreement
• partnering
• funding.

Lets see how management performs now.