Following up on what sunnyaus mentioned on the previous page....

Following up on what sunnyaus mentioned on the previous page. From the transcript of the earnings call Apr. 21, Ken Brinsden said about POSCO: "a very important relationship to Pilbara Minerals, and I’m pleased to decide that...their board approved the development of the Gwangyang lithium hydroxide facilities...The POSCO board is very, very clear in its intent. That is that they will make significant investments in battery raw materials...and of course now lithium and especially lithium hydroxide. So that project is now approved from their point of view. At that – as a result that puts the ball back in Pilbara Minerals court. And we are continuing our assessments of that project with genuinely positively disposed to the development of that project...but we just have more work to do as a result of the information received from POSCO. So we will do our best to keep the marketing formed as our last round of reviews, progresses".

And from the company's quarterly activities report Apr. 21: "The Company is continuing its assessment of the proposed lithium chemicals facility based on updated information and a final business plan recently provided by POSCO (on a confidential basis). This assessment will then inform Pilbara Minerals’ decision in respect of its proposed joint participation in the downstream chemical facilities with POSCO...Both companies remain committed to the downstream JV, however, its progression and timing is dependent on the completion of due diligence, the development of formal documents and a final investment decision by Pilbara Minerals’ Board. Based on the most recent discussions with POSCO, the Company expects to make further progress in respect of the proposed downstream JV with POSCO during the June 2021 Quarter".