KEY excerpts: Macarthur has applied for 16 exploration licences across the world class Pilbara region of Western Australian that is prospective for lithium. Covers an area of 1,165 km2 Easy year-round access to exploration areas. Pilbara exploration areas are approximate to: Pilbara Minerals Limited (ASX:PLS) JORC Mineral Reserve of 29.5 Mt @1.31% Li2O. 1 Preliminary Feasibility Study: NPV of A$407m and IRR of 44%. Recently raised A$100m to develop lithium project. 2 Altura Mining Limited (ASX: AJM) JORC Mineral Resource estimate of 35.7 Mt @1.05% Li2O from small pegmatite bodies, with 372,000 tonnes of contained lithium3 . Mining Study: NPV of $277m and IRR of 42.5%. 3 Dakota Minerals Limited (ASX: AJM) High grade maiden drilling programme results at the Lynas Find Lithium Project, including 21 metres @ 2.64% Li2O, 26 metres @ 1.96% Li2O and 26 metres @ 2.08% Li2O, raising the overall weighted average grade intersected at its project to date to 1.78% Li2O.4 PILBARA LITHIUM ACREAGE 5 1 Pilbara Minerals Limited ASX Announcement, February 1, 2016 2 Pilbara Minerals Limited ASX Announcement, April 7, 2016 3 Altura Mining Limited ASX Announcement, February 11, 2016 and February 19, 2016 4 Dakota Minerals Limited ASX Announcement, May 3, 2016