201 8 Updated PE A Hi ghl igh ts Simp lifie d bu sin ess mod el wi th in itia l focu s on pro du ction of lith iu m min era l con cen trates for gl ass an d cera mics Prod uctio n of 71 50 0 tpa pe tali te 11 80 0 tpa le pi do lite Initia l CAPEX C 77 7 mill io n 47 50 00 tpa mill cap aci ty Feld spa r circu it ad de d in Yea r 6 C 13 7 mill io n CAPEX 2 0 ye a r o p e ra tio n a l li fe Ave rag e An nu al Re ven ue s C 90 mill io n Ave rag e An nu al Co sts C 60 mill io n NP V p re tax 8 d isco u n t ra te 1 5 6 mill io n IRR p re tax 27 1 IRR p ost tax 22 7 15 T he PE A i s pr el i mi nar y i n natur e i nc l udes Infer r ed mi ner al r es our c es that ar e c ons i der ed too s pec ul ative geol ogi c ally to hav e the ec onomi c c ons i der ations appl i ed to them that wou l d enabl e them to be c ategor i z ed as mi ner al r es er v es and ther e i s no c er tai nty that the PE A wi l l be r eal i z ed