South Basin Resource Estimate October
2025 24 Stream Classification Tonnage Ktonnes Li ppm B ppm Li2CO3 Wt. % H3BO3 Wt. % Contained Li2CO3 (kt) H3BO3 (kt) 1 Searlesite: High-boron lithium mineralisation (low clay
content) Measured 64,385 1,752 12,669 0.93 7.24 600 4,664 Indicated 87,372 1,551 11,280 0.83 6.45 721 5,636 Inferred 26,877 1,554 11,101 0.83 6.35 222 1,706 Total
S1 178,634 1,624 11,754 0.86 6.72 1,544 12,006 2 Low–boron lithium mineralisation (low clay
content) Measured 74,859 1,198 1,461 0.64 0.84 477 626 Indicated 164,785 1,121 1,445 0.60 0.83 983 1,362 Inferred 69,295 1,161 881 0.62 0.50 428 349 Total
S2 308,939 1,149 1,323 0.61 0.76 1,888 2,336 3 Low-boron lithium mineralisation (high clay
content) Measured 19,223 2,201 1,550 1.17 0.89 225 170 Indicated 29,720 2,085 1,164 1.11 0.67 330 198 Inferred 12,118 1,621 579 0.86 0.33 105 40 Total S3 61,061 2,029 1,169 1.08 0.67 659 408 ALL Grand
Total 548,633 1,401 4,702 0.75 2.69 4,092 14,750 1 See Company announcement titled “Further Leach Optimisation Enhances Project Economics” dated 29 October 2025.