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LPI Market Update to Shareholders

• The Engineering, Procurement and Construction (EPC) bidding process for the Maricunga project continues.
• Two major global engineering groups, Worley Parsons and Bechtel, have been chosen to provide a comprehensive construction proposal for the project.
• Due diligence continues under the Memorandum of Understanding (MOU) between the Chilean State-owned mining company, CODELCO, and the Maricunga project’s joint venture company, Minera Salar Blanco S.A. (MSB).
• Discussions continue with parties on project funding and off-take agreements for the Maricunga project.
• A Program of Works for the exploration of the Greenbushes tenements in Western Australia is in the process of being approved.

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