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Dear Jim

Thank you for your email.

In response to your queries please find below the following update:

• A report was issued to creditors on 3 December 2020 that also convened a second meeting of creditors of Altura Lithium Operations Pty Ltd (Receivers and Managers Appointed) (Subject to Deed of Company Arrangement) (ALO).

• The primary purpose of the second meeting of ALO’s creditors was for ALO’s creditors to vote on the future of ALO. There was no second meeting convened for AJM’s creditors with this report. We note that the outcome of the Administration of ALO is separate to the ongoing Administration of AJM, and no outcome has been determined for AJM.

• A further report to AJM’s creditors to decide on AJM’s future and the options available to AJM’s creditors will be prepared and issued to creditors by 24 February 2021(unless otherwise extended).

• At this stage we are unable to adviseonany potential outcomes for the Administration ofAJM, including whenAJM’ssecurities may become tradable again. Please note, however, that under the Corporations Act, any claims of AJM’s equity holders are subordinated and rank behind AJM’s creditors.

Further information regarding the voluntary administrations process can be obtained from the Australian Securities & Investments Commission website at the following link:https://asic.gov.au/regulatory-resources/insolvency/insolvency-for-investors-and-shareholders/#voluntary. This includes information sheet (INFO 43)Insolvency for investors and shareholders.

Please contact this office if you have any further queries.

	Kind regards Emilya Wood Intermediate Accountant

just an update, but nothing new as usual