Mt Marion Lithium Offtake Arrangements

control of its 51% share of the Mt Marion spodumene offtake, from 1 February 2022. The Company has entered into a toll treatment agreement for its share of Mt Marion spodumene to be converted into lithium hydroxide by Ganfeng Lithium Co (Ganfeng) in China. The term of the agreement is seven months, with an option to extend. MRL anticipates first lithium hydroxide sales in May 2022. Earnings are no