We are on Track: ASX Announcement 17 August 2023PRAIRIE...

We are on Track: ASX Announcement 17 August 2023

PRAIRIE PROJECT
RESOURCE UPGRADED 39% (Updated)
Representing the highest-grade Indicated Lithium Brine Resource in Canada
HIGHLIGHTS
• Highest grade Indicated lithium brine resource in Canada, with the majority of the Indicated
resource at 127 mg/L Li.
• Resource increased to 5.7 million tonnes (“mt”) of Lithium Carbonate Equivalent (“LCE”) (4 mt
Indicated and 1.7 mt Inferred), representing a 39% increase in size.
• Total resource represents approximately 8 years of current worldwide market for LCE1.
• 4 mt of LCE upgraded from Inferred to Indicated.
• Large Indicated resource enables the Company to complete a Pre-Feasibility Study (“PFS”) by
the end of 2023.
• Rare lithium brine resource that does not require the depleted brine to be injected back into the
producing lithium aquifer. This extends the life of the well network infrastructure and ensures
resource stability overtime.2,3,4,5,6,7
• No Hydrogen Sulphide (“H2S”) or oil encountered.
• Pilot Direct Lithium Extraction (“DLE”) test plant to commence operations in November 2023.