BLESBERG LITHIUM AND TANTALUM MINE NEXT PHASE OF WORK ▪ initial mining and processing operations commenced in Q1 2023 ▪ fully funded mine and process plant expansion underway ▪ Major increase in JORC resources in Q3 2024 ▪ long-term offtake agreement signed Q1 2024, with first commercial sales to follow in Q2 2024 ▪ increased production and sales of a high-grade lithium product in H1 2024 ▪ low cost mining and high margin and processing operation Processing plant and open pit mine expansion in Q4 2023 and first major lithium sales in Q2 2024 Resource drilling completed in Q4 2023 and new JORC resource to support a +10 year mine life Assay results have consistently confirmed high-grade ores of +6.00% Li2O Robust and low cost operation with total costs of US$400/t and net margins of +75% mining and processing of high-grade spodumene ores from a lowcost and high margin operation NEXT PHASE OF WORK ▪ initial mining and processing operations commenced in Q1 2023 ▪ fully funded mine and process plant expansion underway ▪ Major increase in JORC resources in Q3 2024 ▪ long-term offtake agreement signed Q1 2024, with first commercial sales commenced in Q22024 ▪ increased production and sales of a high-grade lithium product with work anticipated to commence on the Lithium Sulphate Plant in H1 2025 ▪ low cost and high margin and processing mining operation mining and processing of high-grade spodumene ores from a lowcost and high margin operation
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