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March Quarterly Activities Report

March Quarterly Activities Report

HIGHLIGHTS

CHINESE LMFP BATTERY STRATEGY

OAKOVER PROJECT

CORPORATE

“Importantly, we are attracting the right parties in China to partner with and work towards establishing our operations. China Chemical, a subsidiary of China National Chemical Engineering Group Corporation, which is a large Chinese conglomerate, has completed over 90,000 projects, is responsible for 90% of all Chinese Chemical Engineering projects and built and maintains the Jinshi Industrial Chemical Park, where our operations will be situated.

“Post quarter end, the Company hosted a large investor group for a site visit in China. This was an incredibly successful event, which included a tour of our Pilot Plant and R&D Centre, the Jinshi Port, Jinshi High-Tech Industrial Park and our major shareholder Canmax Technologies’ globally significant, tier-one 60,000 tonne per annum lithium hydroxide plant in Meishan. We believe the visit demonstrated the unique and compelling advantages the Company has developed by dedicating our strategy within China and look forward to a busy year ahead as we work towards becoming a low-cost, near-term producer of high-purity manganese sulphate.”

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