FA & General Banter, page-15803

All things white & green are good, including spodumenepricing after seven lean quarters. Many green shoots have now sprouted. Back

“Contractingarrangements are progressing well on Q2 shipments with pricing well in excessof US$600/dmt CIF”, extract fromGXY Mar 2021 Quarterly ReportConference Call.

www.asx.com.au/asxpdf/20210412/pdf/44vfxh9386r68h.pdf

Spodumene (SC6.0) concentrate prices by quarter:

June 2021 qtr US$ we are here nowand the sky is the limit, plus US$ 600 (~14-24%)

March 2021 qtr US$ 503-546 perdmt (~29-36%) awaiting confirmation, was US$480 EoJan

Dec 2020 qtr US$ 390-400 per dmt(0%), Fastmarkets

Sep 2020 qtr US$ 390-405 per dmt (-3%)

June 2020 qtr US$ 411per dmt (-2%)

Mar 2020 qtr US$ 419per dmt (-19%)

Dec 2019 qtr US$ 520per dmt (-14%),Mar 2020 quarter – MIN no longer reporting received price.

Sep 2019 qtr US$ 608 per dmt (-11%)

Jun 2019 qtr US$ 682 per dmt (-14%)

Mar 2019 qtr US$ 791 per dmt (-14%)

Dec 2018 qtr US$ 930 per dmt (-13%)

Sep 2018 qtr US$1070 per dmt (+11%)

Jun 2018 qtr US$ 960 per dmt (+7%)

Mar 2018 qtr US$ 900 per dmt (+7%)

As always, then there are the other 100% company ownedmulti-commodity projects held by LTR where the drill bit is also doing thetalking each and everyday. All the best … Bye …

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Sometimes the questions are complicated and theanswers are simple.
~ Dr Seuss