LITHIUM SULPHATE PLANT JOINT VENTURE ▪ The Joint Venture proposed to be established between the Company, its offtake partner and a Chinese battery manufacturer is for the production of a high value lithium intermediate product at Blesberg ▪ The planned Lithium Sulphate Plant at Blesberg would aim to produce 2,000 tonnes per annum of a high-grade and high-value lithium product from a spodumene head-feed grade of >3.5% Li2O and sizing of 3mm to 5mm ▪ Spodumene material from Blesberg has already been delivered to the Chinese battery manufacturer, who conducted extensive metallurgical test work in H1 2024 to assess the viable extraction of the spodumene material to produce a high-grade and high-value lithium product ▪ The proposed Lithium Sulphate Plant will be located on the existing permitted mining area at Blesberg ▪ Spodumene ore from conventional open pit mining operations will be fed to the planned Lithium Sulphate Plant using material from the existing crushing, screening, XRF and XRT ore sorting and processing facilities on site ▪ The preliminary design work and metallurgical flowsheet for the Lithium Sulphate Plant has been completed based on the test work that was undertaken in China on spodumene ores delivered from Blesberg
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