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• Lithium Power confirms that it is in discussions with Codelco regarding a potential transaction. However, at this stage, discussions between Lithium Power and Codelco are incomplete and no agreement on terms has been reached. Codelco has been granted due diligence and is continuing to undertake its due diligence investigations.
• Lithium Power notes that there is no certainty that the discussions with Codelco will lead to consummation of a transaction.

Highlights:

• Construction activities are approaching completion, within the $484m FID budget
• Commissioning of key service areas is underway, with plant commissioning to follow shortly
• Waste stripping & movement progressing and ahead of planned initial mining activities

Recruitment of Kimberley based personnel remains on track, with operational readiness activities underway across all disciplines. First delivery of mineral sands products to customers remains on target for Q1 2024.

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