Ann: UPDATE ON COST REDUCTION ACTIONS, STRATEGIC PARTNER PROCESS, page-41

Stock**** today. % to watch Lake Resources (ASX:LKE)Following the completion of the Kachi Phase One Definitive Feasibility Study (DFS), Lake is rationalising the size of its employee base and general expenses to extend its financial runway. The company previously announced an approximate 40% reduction in expenditures, but it will now reduce global headcount by approximately 50% across its non-core businesses. Lake will also the continue to evaluate the monetisation of non-core assets and lithium tenements, which are unrelated to the Kachi Project.