EUROPEAN LITHIUM LIMITED, page-4182

Hopefully this, which came from MPS in Perth, will help, the previous funder (was upset that GEM got the deal so decided to dump) has now stopped selling and as Timmsy notes, strong news on the horizon.

Trading opportunity

European Lithium

Wolfsberg Lithium Project in Austria

• 12mt @ 1% Li2O

• DFS completed with NPV6 of ~US$1.5bn on current resources.

• Off take with BMW.

• Will also build a lithium hydroxide plant in Saudi Arabia.

• Project being backed into a US NASDAQ SPAC Critical Metals Corp

• EUR will hold ~80%

All funding in place.

EUR has 1.49bn shares @ A$0.09 = A$113m

SPAC current price @ US$10 = US$750m.

= A$1.12bn

80% = A$900m = A$0.60/share

EUR also holds 100% of the neighbouring tenement that could be similar resource as the Project Resource.

EUR recently bought back its shares @ A$0.10.

Previous funder is selling down so discounted price opportunity now.

In brief EUR has:

The Wolfsberg project which has a current mining permit with a completed DFS showing $US1.5B NPV includes Zone 1 only.

BMW as our offtake partner. They did 2 years DD and EUR is the only mining company they have dealt with. A 15 year mine life.

Zone 2 unencumbered and potential to be the same size.

Just signed a $US125m in guaranteed funding for Austria.

Saudi Arabia fully funded hydroxide plant. Saves $US350m on our total capex. Opex savings enormous.

Surrounding tenements we just purchased showing 4% LI02 in multiple samples.

EUR owns 7.5% of Tanbreez, the largest rare earths play in Greenland.

EUR owns 100% of Dobra, Ukraine, 90mt at 1.36% Lio2. Will be huge once the conflict finishes. Nowhere near conflict area. Billions will flow to Ukraine from the West after war ends.

SPAC listing valuation $US750m. Will list in August.

Lithium Sector about to break out higher

Lithium price resuming uptrend