Response: The Company believes the reason for the price rise is...

Response:

The Company believes the reason for the price rise is the announcement made on the 21st March 2022 in which the Company advised it was in the second half of a 3,500m drill program testing the Manindi Lithium–Cesium–Tantalum (Rubidium) (LCT) pegmatites.

The Company also announced that its initial drilling of the Foundation Pegmatite produced thick intersections of pegmatite with visible lithium bearing materials which were below previously announced rock chip samples which assayed 1.29% LiO2 0.51 Rb over the entire 500m pegmatite strike length

and included results of up to 2.30% LiO2 and 0.70% Rb. The Company is not aware of any information that has changed what has previously been reported other than to confirm that further drilling has been carried out since the 21st March 2022.

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