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Reporting assumptions

These choices persist and are added to shared URLs.

Ownership basis

Show the full project inventory before ownership adjustment.

Display scale

Display contained quantities in millions of ounces or tonnes.

Resource treatment

Normalise Resources to exclude Reserves: where a project is flagged inclusive, net Reserves out of Resources so the figure is additional Resources beyond Reserves. Unknown-convention rows are shown as stated.

Resource total

Total Resource includes Inferred (JORC convention). Totals are re-derived from category rows wherever the document discloses them.

Recovery basis

Show the issuer's headline recoverable figure as reported. Lithium-brine reserves already have the brine-processing recovery factor applied; everything else is shown as stated.

Commodity view

Primary view: each commodity in its own contained unit (oz / t).

Alkali Flats

Nevada, United States · Exploring · 100.0% ownedUnverified

Current R&R by category

Whole-project rollup at the latest vintage per category: printed project-level rows are preferred, and mining areas are summed (tonnes-weighted grade) only where the issuer prints no project-level row. Per-area and per-source detail in the Current R&R table below.

Category	Tonnes (Mt)	Grade (ppm Li)	Contained (Mt LCE)	As at
Measured	714.60 Mt	604 ppm Li	2.29 Mt LCE	01 July 2026
Indicated	676.90 Mt	564 ppm Li	2.02 Mt LCE	01 July 2026
M&I = Measured + Indicated (overlaps both)	1,391.50 Mt	585 ppm Li	4.31 Mt LCE	01 July 2026
Inferred	2,176.80 Mt	549 ppm Li	6.39 Mt LCE	01 July 2026
Total Resources	3,568.20 Mt	563 ppm Li	10.70 Mt LCE	01 July 2026
Proved	—	—	—	—
Probable	—	—	—	—
Total Reserves	—	—	—	—

M&I is the issuer's printed Measured + Indicated subtotal — it overlaps the Measured and Indicated rows and is never added alongside them; the Total rows and every rollup already exclude it.

Cut-off grade

400 ppm Li

Price assumption

—

JORC code year

2012

Peer benchmark — exploring Li projects (22 with resources)Resource size P84Resource grade P80View on grade-tonnage chart →

Percentile of this project's current total Resource among covered peers (P100 = largest / highest grade). Basis and Inferred toggles apply.

Data quality

Latest source: Alkali Flats Maiden Mineral Resource Estimate · 01 July 2026
Reporting code: JORC 2012
Convention: unknown
Currency assumption: A$
Disagreement flags: 3 rows

Current R&R

Resources

Area	Category	Tonnes (Mt)	Li		As at	Source	Provenance
Area	Category	Tonnes (Mt)	Grade (ppm Li)	Contained (Mt LCE)	As at	Source	Provenance
Total	Measured	714.60 Mt	604 ppm Li	2.29 Mt LCE	01 July 2026	4Unverified

Total

Indicated

676.90 Mt

564 ppm Li

2.02 Mt LCE

01 July 2026

4Unverified

notes (6)

Source: Presentation to Investors · published 05 Aug 2026

Ref: 4

JORC 2012 — Reporting code of record: JORC 2012
Cutoff 400 ppm Li — Cut-off grade assumption from the source statement.

QA notes:

QA approve (t100v, q5.txt): p.4 "Indicated 676.9 564 3,003 0.38 2.0". reported 380,000t = printed Contained Li 0.38 Mt; contained 2,022,658t LCE = 380,000 x 5.322785 vs printed 2.0 Mt. Recompute 676,900,000 x 564 ppm = 381,772t Li vs 380,000t (0.5%).
t100v
QA correction (t103b, flagged by t103 q5): t100 q5 approved these deck rows with 'the deck prints no effective date ... nothing printed to fix toward' — correct at the time. The maiden MRE statement (doc 4a21363f) has since arrived printing 'Effective date of estimate: July 2026' four times for the same figures; the deck remains dateless (re-probed this run). as_at re-based to the statement's printed effective date
t103b

Total

M&I = Measured + Indicated (overlaps both)

1,391.50 Mt

585 ppm Li

4.31 Mt LCE

01 July 2026

4Unverified

notes (6)

Source: Presentation to Investors · published 05 Aug 2026

Ref: 4

JORC 2012 — Reporting code of record: JORC 2012
Cutoff 400 ppm Li — Cut-off grade assumption from the source statement.

QA notes:

QA approve (t100v, q5.txt): p.4 "Measured + Indicated 1,391.5 585 3,114 0.81 4.3" — a printed M&I line, correctly categorised here (unlike the ARN case, this document does print a Measured class). reported 810,000t = printed Contained Li 0.81 Mt; contained 4,311,456t LCE = 810,000 x 5.322785 vs printed 4.3 Mt. Reconciles exactly with its printed leaves: 714.6+676.9 = 1,391.5 Mt and 0.43+0.38 = 0.81 Mt.
t100v
QA correction (t103b, flagged by t103 q5): t100 q5 approved these deck rows with 'the deck prints no effective date ... nothing printed to fix toward' — correct at the time. The maiden MRE statement (doc 4a21363f) has since arrived printing 'Effective date of estimate: July 2026' four times for the same figures; the deck remains dateless (re-probed this run). as_at re-based to the statement's printed effective date
t103b

Total

Inferred

2,176.80 Mt

549 ppm Li

6.39 Mt LCE

01 July 2026

4Unverified

notes (6)

Source: Presentation to Investors · published 05 Aug 2026

Ref: 4

JORC 2012 — Reporting code of record: JORC 2012
Cutoff 400 ppm Li — Cut-off grade assumption from the source statement.

QA notes:

QA approve (t100v, q5.txt): p.4 "Inferred 2,176.8 549 2,925 1.20 6.4". reported 1,200,000t = printed Contained Li 1.20 Mt; contained 6,387,342t LCE = 1,200,000 x 5.322785 vs printed 6.4 Mt. Recompute 2,176,800,000 x 549 ppm = 1,195,063t Li vs 1,200,000t (0.4%).
t100v
QA correction (t103b, flagged by t103 q5): t100 q5 approved these deck rows with 'the deck prints no effective date ... nothing printed to fix toward' — correct at the time. The maiden MRE statement (doc 4a21363f) has since arrived printing 'Effective date of estimate: July 2026' four times for the same figures; the deck remains dateless (re-probed this run). as_at re-based to the statement's printed effective date
t103b

Total

Total Resources

3,568.20 Mt

563 ppm Li

10.70 Mt LCE

01 July 2026

4Unverified

notes (6)

Source: Presentation to Investors · published 05 Aug 2026

Ref: 4

JORC 2012 — Reporting code of record: JORC 2012
Cutoff 400 ppm Li — Cut-off grade assumption from the source statement.

QA notes:

QA approve (t100v, q5.txt): p.4 "TOTAL 3,568.2 563 2,997 2.01 10.7" — a printed total line, corroborated by the same page's callout "3.57Bt @ 563ppm Li for 10.7Mt LCE". reported 2,010,000t = printed Contained Li 2.01 Mt; contained 10,698,798t LCE = 2,010,000 x 5.322785 vs printed 10.7 Mt. Printed rollup reconciles exactly with its printed leaves: 714.6+676.9+2,176.8 = 3,568.3 vs 3,568.2 Mt (one print step) and 0.43+0.38+1.20 = 2.01 Mt exactly.
t100v
QA correction (t103b, flagged by t103 q5): t100 q5 approved these deck rows with 'the deck prints no effective date ... nothing printed to fix toward' — correct at the time. The maiden MRE statement (doc 4a21363f) has since arrived printing 'Effective date of estimate: July 2026' four times for the same figures; the deck remains dateless (re-probed this run). as_at re-based to the statement's printed effective date
t103b