Activity report for the quarter ended December 2022

SYDNEY, AUSTRALIA, February 1, 2023 (GLOBE NEWSWIRE) — Lithium Power International Limited (ASX:LPI) (“LPI” or the “Company”) is pleased to provide shareholders with a summary of its quarterly activities for the quarter ending 31st March. We are happy to offer it to you. December 2022 (“Quarter”, “Reporting Period”). This includes subsequent events that may have a material impact between December 31, 2022 and the date of publication of this report.

highlight completion Linking possession of 100% of Marikunga lithium plan. The merger with Salar Blanco LLC to acquire 31.31% of Marikunga was completed on December 20, 2022. On December 22, 2022, we completed an agreed plan with JV partner Bearing Lithium to acquire a 17.14% interest in Maricunga. battery School year lithium carbonate produced When 99.92% purity from Malicunga. It significantly exceeds the industry standard specification of 99.5% for battery-grade lithium carbonate. Samples have been sent to potential lithium buyers for analysis as part of LPI’s financing plan for mine development at Marikunga. Acquisition of water rights in Malicunga completed. The purchased 62 liters per second CAN 6 entitlement replaces a long-term lease previously held for only a portion of Marikunga’s requirements. (1) start RC When diamond excavation so east Kilap lithium expected, western Australia. Several zones encountered have shown pegmatite potential as part of LPI’s Greenbush project in the southwest of Western Australia. MSBs Continue When this is business loan process. A non-binding condition sheet being evaluated by parties interested in providing both equity and debt to the development of Marikunga. Progress as expected in the coming months.

To read the company’s full ASX release, including the results of their activity report for the quarter ended December 2022, click here.

^{(1) LPI had a 23-year lease of up to 28 l/s from the CAN 6 water right.}

for further away information, please contact:

Cristobal Garcia Widbro CEO Also Andrew Phillips – CFO lithium Power International

E: info@lithiumpowerinternational.com
Phone: +612 9276 1245
www.lithiumpowerinternational.com
@LithiumPowerLPI

Jane Morgan – Investor When media relationship
Phone: +61 (0) 405 555 618
E: jm@janemorganmanagement.com.au

for we When other International Investor relationship inquiry:

Arrowhead Business and Investment Decisions, LLC Thomas Renaud | President Director
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