Ann: Positive results confirm Zone 2 could mirror Zone 1 resource, page-9

In any case, EUROPEAN LITHIUM is no longer an explorer, but has - as announced - delivered accordingly and consequently pushed ahead with the "de-risking" of the project - EUROPEAN LITHIUM is therefore definitively seen as a future and probably first producer in Europe.

We assume at least stable lithium prices in the medium term and, apart from EUROPEAN LITHIUM, currently see no one who can produce lithium hydroxide in such a safe environment (Austria) and under such high environmental standards over the next few years - very important criteria for many potential customers. In our opinion EUROPEAN LITHIUM will be in the comfortable position not to be dependent on eg Chinese buyers or transferees, but will find them here in Europe and without adversity.

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