Ann: RLC extends lithium brine targets in Nevada, page-2

Summary:Reedy Lagoon Corporation Limited has received results from geophysical survey work at its Alkali Lake Northlithium-brine project in Nevada, USA.The data was obtained from 3D Audio Magneto-telluric (AMT) surveys over the Project’s placer claims. Thesurvey adds to data obtained from the 3D AMT survey conducted in 2018 (refer ASX release 28/08/2018)and extends the Company’s 3D AMT cover over additional claims which were staked last month (refer ASXrelease 7/09/2021).The new survey data has made the following key advances for the Project:• A substantial linear target is now interpreted to be finite in length, tubular in shape with a keel extendingto at least 600 metres depth over its central section;• The tubular target is entirely contained within the expanded project area with a total length of 4,300metres. Previously it had been identified over a length of more than 2,000 metres within our claims andextending north and south beyond our claim boundaries;• The full lateral extent of the tubular brine target lies within a sub-basin indicated in gravity data and thetarget’s central keel coincides with the deepest part of the basin.The position of the tubular target (5 ohmmconductor) is shown on regional gravitycontour image where the Alkali Lake NorthProject area (outlined within red boundary)covers a gravity low. The tubular conductoris represented by mauve diamonds forminga line near the eastern boundary of theProject area.The Project now has multiple brine targets indicated in 2D and 3D AMT survey data (refer ASX releases7/09/2021 and 28/08/2018). The targets have substantial size and extent and are located within a basininterpreted in gravity survey data. The Company considers these to be prime targets for lithium bearing