Hi,The merger of Livent and Allkem is a true milestone in the...

Hi,

The merger of Livent and Allkem is a true milestone in the development of the Lithium industry.

It becomes apparent that there is a lot of money and drive to consolidate the Lithium market.

The "Inflation Reduction Act" is contributing to a dramatic shift of the global Lithium/Battery industry away from China towards North America or at least to countries in the US's sphere of influence.

This deal and the failed takeover from Abermarle of Lake resources also highlights the current undervaluation of Lithium assets.

These are Lithium assets that have proven resources and also where a PFS or DFS has been completed.

Increased concentration in the producer space will also empower Lithium miners to request higher prices.

What it means for Askari?

Today's market action across the Lithium sector had not much price impact on AS2 because of the lack of proven resources.

It did however spring load the share price which will be evident when resources on Askari's licenses are proven.

Let's get the drills started across all of Askari's Lithium licenses in Australia and speed up the drilling program in Namibia.

Time is of the essence.

The rewards have never been bigger.

The development of the EV market and Lithium demand is severely underestimated by a lot market participants. (About 90% of vehicles sold in 2030 will be EVs. Anything less is wrong and misleading. Current combustible engine vehicles will be far too expensive by 2030.)

Exciting times.

K