Ann: Option to Acquire Lithium Projects Extended, page-2

CCZ’s Managing Director, Simon Paull, commented: “The Board has advised
the Vendor Group that it is extending the option period to acquire the Litchfield &
Picasso Lithium Projects due to ongoing delays in receiving key assay results for
both projects.

Encouragingly, however, the Board is pleased with the due process
undertaken to date and believes both assets have considerable potential to host
lithium mineralisation.

The Board looks forward to receiving these assays and concluding due diligence shortly thereafter.”

o CCZ’s Board has advised the Vendor Group it is extending the 90-day
option period to acquire the Litchfield and Picasso Lithium Projects1:

 Notably, over 650 surface assays for the Litchfield Lithium Project
(Figure 1; NT)1, which is contiguous to Core Lithium’s (ASX: CXO)
strategic Finniss Lithium Project (JORC compliant ore reserves:
7.4Mt @ 1.3% Li2O)2, remain in process queues at the laboratory


 Analysing and interpreting these assay results should potentially
enable CCZ’s geology team to determine if lithium mineralisation is
contiguous between the Lichfield and Finniss Lithium Projects1