Formentera Lithium Drilling Update

• Drilling at Formentera concession well JAM 26-06 has reached 488m depth and has intersected bedrock. The end of the hole (EOH) has been called. • Encouraging porous sands that may contain lithium brines, have been observed from 80-200m and 340-400m. • Eight out of nine packer tests have been successful pumped to provide assay samples. Infield measurements of specific gravity of the brine have re