Summary

Mine Type	In-Situ
Study Completed	Preliminary Economic Assessment
Study in Progress	Prefeasibility
Stage	Permitting
Commodities	Lithium
Mining Method	Brine mining
Project Timeline	...
Mine Life	...
Snapshot	The Laguna Verde project is considered highly commercial at the JORC resource estimates provided, with 1.63mt equating to a multi-decade production opportunity. The Company’s most advanced project is the Laguna Verde Project, where a PFS is well underway and will be finalised once the outcome of the CEOL application and the associated resource area is determined. The Company aims to complete a robust PFS that will define the best configuration of the project to take forward into a Definitive Feasibility Study (DFS). The drilling programme at Laguna Verde, undertaken in 2024, was designed to establish the basis for the first Mineral Reserve estimate for the project which will be used as the basis for production planning in the PFS. The PFS is being led by Worley, an international engineering services company. Completion of the PFS, along with process and product verification, are key steps in 2025 to engage with high quality strategic investors for offtake and project funding.

Deposit type

• Sedimentary

Summary:

Laguna Verde is a hyper saline lagoon that is classified as an immature clastic salar. The deposit is composed of a Surface Brine Resource, formed by the brine water volume of the surface lagoon and the Sub-Surface Resource, formed by brine water hosted in volcano-clastic sediments that lies beneath the lagoon.

The project is within a closed hydrographic basin of approximately 1,075 km2 , surrounded by a series of volcanoes, and features an active geothermal system with surface manifestations.

The lagoon is a free water body and no mineralized structures are expected in the sub surface deposits.

Dimensions:
- For the surface brine resource, the lagoon dimensions are 14,682,408 m2 of area with depths ranging from 0 m to 7.18m with an average depth of 4.05 m.

- The sub-surface brine resource is a horizontal lens closely restricted to the lagoon perimeter with an area of approximately 55 km2 and depths of more than 400 m, from approximately 4,309 m a.s.l. to the deepest exploration well (LV07; 650 m deep).

Mining Methods

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Comminution

Crushers and Mills

Processing

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Commodity Production

Operational metrics

Metrics
Annual processing capacity	....
Annual brine extraction	....

Personnel

Job Title	Name	Profile	Ref. Date
.......................	.......................		Aug 20, 2025

Employees	Year
......	2023