Zeotech Limited advised it has successfully concluded the pilot plant ("Pilot") research program for its novel and proprietary mineral processing technology with The University of Queensland ("UQ") School of Chemical Engineering and UniQuest, UQ's commercialisation company. The Pilot has been in operation at UQ since February 2021 and has achieved its principal objectives by demonstrating a continuous closed-loop circuit from lithium process by- product (leached spodumene) and kaolin feedstock options, providing important process validation of the patent-pending technology. HIGHLIGHTS: Pilot research program successfully completed for novel and proprietary mineral processing technology with UQ and UniQuest The Pilot has provided important validation for the Company's mineral processing innovation by demonstrating multiple continuous closed-loop circuits from dual feedstock options Recent performance runs and process optimisation has generated over 20kg of manufactured zeolite product Development will now be accelerated under two parallel work streams: Technology associated with lithium process by-product to be advanced by the Resources Technology and Critical Minerals Processing Trailblazer Program ("Trailblazer").

Development of the technology from kaolin feedstock will be undertaken at the Company's recently established lab facility at Brisbane Technology Park, following commissioning of a scaled-up in-house Pilot. Preparation of product specification and safety data sheets for Zeotech's manufactured zeolite products are well advanced, and will support marketing activity when providing manufactured zeolite product samples to potential offtake or joint venture partners.