Lepidico Limited provided the following supplemental clarification in relation to the Karibib Mineral Resource estimate ("MRE"): On 16 July 2019 the Company released an announcement entitled "Drilling Starts at Karibib Project" in which it announced a JORC Code (2012) compliant MRE for Karibib as at 1 October 2018, including all necessary disclosures; In subsequent announcements to the ASX dated 17 December 2019, 31 October 2019 and the Quarterly Activities report dated 28 October 2019, abridged references to the MRE disclosed an aggregated "Indicated and Inferred MRE of 8.8 Mt @ 0.56% Li2O. As disclosed in the Company's announcement dated 17 December 2019 ("Further excellent lepidolite infill drilling results from the Karibib Lithium Project"), the Company has recently completed a resource infill drilling program designed to increase data density and geological confidence to allow the estimation of Mineral Resources in the Measured and Indicated categories, and to enable the estimation of maiden Ore Reserves for both Rubicon and Helikon 1. Revised JORC Code (2012) compliant Mineral Resource estimates ("MRE") are scheduled for completion during December 2019.