BLESBERG LITHIUM AND TANTALUM MINE ▪ granted Prospecting License and Mining Permit ▪ located in South Africa’s mineral rich Northern Cape Province ▪ one of South Africa’s largest (8-10Mt) mineralised pegmatites ▪ historically mined as South Africa’s largest source of tantalite ▪ over 250,000t of historical stockpiles containing high-grade spodumene ▪ assays confirm high-grade spodumene in stockpiles of +6.00% Li 2O ▪ commenced re-processing of the lithium rich stockpiles in Q1 2023 ▪ US$5.5m investment in new mining and processing equipment in Q2 and Q32023 to increase monthly sales to up to 5,000tpm of a high-grade spodumene in H1 2024 ▪ US$1.75m exploration, resource drilling and mining program almost complete ▪ large scale conventional open pit mining and processing to commence H1 2025 ▪ major long-term lithium offtake agreement entered into in Q1 2024 35
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