Jindalee Confirms 63-Year Lithium Project Life with $3.2B NPV at McDermitt

• Pre-Feasibility Study (PFS) forecasts 1.8 million tonnes lithium carbonate over first 40 years
• Maiden Probable Ore Reserve of 2.34Mt LCE represents only ~10% of 21.5Mt LCE resource
• Strong financials: post-tax NPV US$3.23 billion, IRR 17.9%, payback under 5 years
• Capital cost estimated at US$3.02 billion with potential for cost reductions and production growth