MD presenting on SC Webinar TOMORROW 12:30pm!, page-2

Steve has just finished his presentation and Q&A session.

Here are some points discussed:

• Aspirational target of LKE is to mine 100 ktpa LCE from their projects.
• They plan to build other factory building next to the ones already in the 3D model of Kachi, this plan will be finalised in the coming weeks.
• If I understood well, they use the California pilot plant to feed into the Kachi DFS, please if anyone else followed the presentation correct me if I'm wrong.
• Detailed timeline on Kachi pilot plant is coming out soon.
• LKE intend to announce 1 off take partner before the DFS and 1 other off take partner after.
• The off take discussions are getting now more serious (my feeling is that pricing is getting nearer to where Steve would like it to be).
• Pricing would be rise and fall, and would consider previous quarter's benchmark pricing.
• Some money might come from the off take partners earlier, I guess this means that some kind of pre payment option from the off take partners is on the table.
• The off take partners liked the doubling of the planned Kachi project production and became even more interested.