Zeotech Limited advised that it has achieved a successful continuous closed- loop circuit, utilising lithium process by-product feedstock (leached spodumene) to produce pure Linde Type A manufactured zeolite. This demonstration of the Company's dual-feed pilot is a significant milestone in the program with both leached spodumene and kaolin feedstock options being processed through the circuit. The achievement of multiple closed-looped circuit runs utilising lithium process by-product provides important validation of the Company's proprietary flowsheet and will allow personnel from The University of Queensland ("UQ") and the Company to commence project planning for The Trailblazer University Program ("Trailblazer"), which includes industry partner, Covalent Lithium Pty Limited.

Since receiving (new) leached spodumene samples in December 2021, UQ researchers have completed over 80 optimisation batch tests and 25 continuous tests completed on individual process steps, involving leaching, filtration/decanting, and precipitation. The pilot has produced over 3 kgs of pure Linde Type A manufactured zeolite product utilising lithium process by-product as feedstock. The pilot program's focus on lithium process by-product delivered an excellent outcome, highlighted by the Company being named as an industry partner in the successful Resources Technology and Critical Minerals Processing Trailblazer Program, led by Curtin University 2 in April 2022.

The Trailblazer project will accelerate the commercialisation of Zeotech's proprietary cleantech innovation for lithium process by-product in collaboration with project partners, UQ and Covalent. The Trailblazer grant program provides Federal Government funding to select universities to boost prioritised research and development and drive commercialisation outcomes with industry partners. Next Steps: The completion of a successful continuous closed-loop circuit under the conditions of Zeotech's proprietary flowsheet represents a major step in accelerating Trailblazer planning, with the project's objective of constructing and commissioning a large-scale demonstration plant.

Focus on the Company's dual-feed pilot program will remain on lithium process by-product until end of June 2022, in conjunction with commencement of Trailblazer project planning. Attention will then return to kaolin feedstock in early July 2022, following a successful continuous closed-loop circuit utilising Toondoon kaolin feedstock in November 2021.