Ann: Quarterly Activities Report, page-2

QUARTERLY ACTIVITIES REPORT December 2017

■ Construction activities at the Altura Lithium Project at Pilgangoora continued during the quarter, and are nearing completion
■ Project commissioning remains on schedule for Q1 2018
■ First lithium concentrate sales remain on schedule for Q2 2018
■ Altura set to become the first major hard-rock producer in 2018
■ Definitive Feasibility Study for Stage 2 expansion of the Project targeted for completion in April 2018
■ Upgraded JORC Ore Reserve and Mineral Resource estimates, including significant portions in the Proved and Measured categories
■ Southern Ridge Deposit at Pilgangoora, which displays significant potential, to be infill drilled to improve the Project’s reserve and resource estimates
■ Regional exploration program of Altura’s other Pilbara tenements to be undertaken