December Quarterly Investor Call Recording

We are pleased to provide our December Quarterly Activities Report for the quarter ended 31 December 2024.

We made promising progress across key operational and exploration activities during the December quarter. Our Restart Study for the Finniss Lithium Project is advancing as planned, with the release of these results expected in the June quarter. This study aims to optimise future mining and processing activities, focusing on enhancing efficiency, lowering costs and building a more resilient operation.

Exploration efforts also yielded significant results. Notably, we reported 63m @ 1.67% Li₂O from drilling at the Blackbeard lithium prospect, located on a granted mining lease just 20km from the Finniss processing plant. Additionally, we achieved promising gold drill results at Shoobridge, including 6m @ 5.12g/t Au. Follow-up drilling at Shoobridge has been completed, with results expected in the March quarter.

In addition to these technical advancements, we are pleased to announce the appointment of Alica Sherwood as a Non-Executive Director, further strengthening our team’s strategic capabilities.

Our CEO, Paul Brown commented on the December quarter’s achievements, stating, "The December quarter saw continued progress across three key areas of our business, including the Restart Study workstreams, maintaining operational readiness, and advancing our exploration program. All of this was achieved while maintaining a strong focus on preserving our balance sheet and adhering to a strict budget. Expenditure significantly slowed relative to the September quarter. We ended December with a strong cash balance of around $50 million to support our growth efforts in what promises to be an active 2025.”

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