Paradox Lithium Project Update

For personal use only OPERATING COST ESTIMATE ANSON RESOURCES • Operating cost estimates include brine extraction, processing and production of battery grade lithium. carbonate. All direct costs such as Transport, labour, maintenance and raw material included in estimates. C1 Costs of US$4,368 per tonne of battery grade lithium carbonate. Lithium Carbonate Production Item Raw materials Freight on raw materials Electricity Gas Gas trucking Maintenance Labour Well disposal fee Year 1-10 Production (13ktpa) US$ per tonne LCE 1,188 95 589 460 37 265 518 1,197 Solid waste disposal & 6 general costs Purchase of water 10 Overheads - SULA lease 4 Total 4,368 By-products credit (none assumed) Annual Production Costs 4,368 1 - Production Costs before royalties and corporate overheads. Anson Resources | ASX: ASN 21

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