Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-3

This acquisition was off the back of the recent evaluation of lithium prospectivity on the
Roebourne project (E47/4603) management defined the potential and favourable
geological setting in the neighbouring properties. The available magnetic data was used
to determine the potential extent of the Andover Complex, which are host rocks to the
Andover lithium pegmatite deposit. On the basis of this evaluation9
, the Company
determined that the Andover Complex extends into the five properties which are being
acquired.
As is indicated in Figure 3, the latest acquisition now secures Raiden with a prospective
lithium exploration portfolio in the district, with a large position adjacent to one of the
most exciting lithium discoveries in the Pilbara.

BRING IT ON ....LITHIUM