Ann: Upgraded Ore Reserve and Mineral Resource Estimates, page-4

UPGRADED LITHIUM ORE RESERVE AND MINERAL RESOURCE ESTIMATE BUILDS CONFIDENCE AHEAD OF
PROJECT COMMISSIONING
■ Revised Ore Reserve estimate of 34.2 million tonnes at 1.04% Li2O and 357,000 tonnes of contained Li2O, including 8.1 million tonnes in the Proved category
■ Revised Mineral Resource estimate of 44 million tonnes at 1.00% Li2O and 441,000 tonnes of contained Li2O, including 8.5 million tonnes in the Measured category
■ Upgrade reduces risks associated with grade control and orebody knowledge with almost 25% of Reserve now in the Proved category
■ Project remains firmly on track for commissioning in 1Q 2018 and first sales in 2Q 2018