I think it’sworth putting a little bit of perspective to...

I think it’sworth putting a little bit of perspective to Develop’s performance, which likeall its peers is being hurt because of the market sentiment to both base metals(even though they have risen substantially) and the Lithium price.

The performance figuresbelow are calculated by looking at the past 12-month high share price of Develop's peer group of companies (base metal andlithium companies) relative to today’s price.

Basemetals Companies:

DVP (Develop)- down 38%

A1M (AICMines) – down 32.5%

29M (29Metals) – down 54.5%

AMI(Aurelia) – down 12%

AIS (Aeris)– down 58%

Averagegroup – down 39%

LithiumCompanies:

DVP (Develop)- down 38%

CXO (Core lithium)– down 91%

PLS (PilbaraMinerals) – down 44%

LTR(Lion town Resources) – down 71%

DLI (DeltaLithium) – down 72.5%

WCB (WildcatResources) – down 68%

GL1 (GlobalLithium) – down 86%

Averagegroup – down 67%

SimilarOperational Companies to Develop:

DVP(Develop) - down 38%

MIN (MineralResources) – down 32%

IGO – down 65%

Averagegroup – down 45%

Totalof all relative peers:

DVP(Develop) - down 38%

Averageof all Companies – down 56%