Vulcan Energy Resources Limited: First Lithium Chloride produced from
Optimisation Plant

EQS-Ad-hoc: Vulcan Energy Resources Limited / Key word(s): Miscellaneous
Vulcan Energy Resources Limited: First Lithium Chloride produced from
Optimisation Plant

10-Apr-2024 / 20:00 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Vulcan Energy Resources Limited (Vulcan) is pleased to announce the Start of
Production (SOP) of the first Lithium Chloride (LiCl) product at Vulcan's
Lithium Extraction Optimisation Plant (LEOP) in Landau, Germany.

The first LiCl produced from LEOP mark the first lithium chemicals produced
entirely from a local source in Europe. LEOP is showing strong early results
with consistently over 90% (up to 95%) lithium extraction efficiency from
its Adsorption-type Direct Lithium Extraction (A-DLE) unit, replicating what
Vulcan has seen in its lab and pilot plant operations, and in line with its
commercial plant expectations and Vulcan's financing model. The SOP follows
over three years and more than 10,000 hours of successful in-house A-DLE
piloting by Vulcan, showing high lithium recoveries and thousands of cycles
of adsorbent life with no material degradation.

The first results prove that the sustainable lithium production process
known as A-DLE, which accounts for 10% of global lithium production today,
can be successfully applied in the Upper Rhine Valley Brine Field which
contains Europe's largest lithium resource and is also a source of
geothermal renewable heat. This will allow Vulcan to produce its lithium
using geothermal renewable energy, decarbonising the carbon footprint of
lithium production for Battery Electric Vehicles.


End of Inside Information

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   Language:       English
   Company:        Vulcan Energy Resources Limited
                   Level 2,267 St. Georges Terrace
                   6000 Perth
                   Australia
   E-mail:         dtydde@v-er.eu
   Internet:       www.v-er.eu
   ISIN:           AU0000066086
   WKN:            A2PV3A
   Listed:         Regulated Market in Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1877983

End of Announcement EQS News Service
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1877983 10-Apr-2024 CET/CEST