World Class Lithium Project, page-3

Direct Extraction Process Technology
Enirgi Group's Innovation Division has developed its proprietary DEP Technology in conjunction with the Australian Nuclear Science and Technology Organisation ("ANSTO"). The DEP Technology has undergone successful lab, bench and demonstration scale testing and was validated by ANSTO as part of the DFS. A notable highlight of the innovative DEP Technology is that it does not utilize a network of solar concentration ponds which, as a result, will significantly minimize impact on flora and fauna. Additionally, it is economical – the DFS estimates a total cash operating cost of $2,070 per tonne of LCE, which is anticipated to fall within the lowest-cost quartile when compared to other lithium brine and hard rock producers. The successful working relationship between Enirgi Group's Innovation Division and ANSTO has resulted in a formal research relationship between the parties on lithium brine extraction technologies pursuant to a lithium project development agreement.

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