Investor Presentaiton

Project Highlights A world-class salt lake asset with internationally significant scale and compelling financial metrics 425,000mE 450,000mE Scoping Study indicates production of 370,000tpa of SOP over a 20 year life, with potential to increase both operational capacity and life MACKAY PROJECT For personal use only Development cost is estimated to have an industry low capital intensity Operating cost is estimated to be in the bottom quartile of the industry mine gate cost curve Path to production is understood and Pre-Feasibility Study is underway Investor Presentation | December 2016 25 kilometres MGA Zone 51 (GDA94) Project Map 475,000mE MACKAY PROJECT agrimin Evaporation Ponds Pond Feed Channel Stockpiles Process Plant WESTERN AUSTRALIA NORTHERN TERRITORY 500,000mE agrimin 7,550,000mN 7,525,000mN 7,500,000mN 7,475,000mN 8

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