Noram Lithium Provides Update on Zeus Lithium Project Mine Plan Optimization Work - Seite 2

Drill core samples at the HGO grade of 1,450 ppm Li have been used for our current metallurgical test work and process design work. We expect to receive key results from this ongoing testing in the coming weeks."

The high-grade core of the Zeus deposit outcrops at surface and consists of a layer of high-grade material approximately 60 metres thick, 1200 metres wide and 3000 metres long (Figures 1 and 2).

Further mine planning work is currently being undertaken to schedule the preliminary pit constrained resource. The scheduled mine plan will be used as the basis for the upcoming economic study on the Zeus Project. Results of the optimization study are subject to change in upcoming economic study on the Zeus Project.

The results of the optimization analysis are shown in Table 1 below.

Table 1 - Optimization analysis for the Zeus high-grade core.

Product from Pit	Million Tonnes (Mt)	Lithium Grade (ppm)	Lithium Contained (kt)	LCE Contained (kt)
High Grade Material - HGO	39	1,450	56.2	299
High Grade Material Stockpiled	22	1,360	29.4	157
Medium Grade Material Stockpiled	7	1,120	8.3	44
Low Grade Material Stockpiled	37	850	31.6	168