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ASX RELEASE 29 October 2021 EUROPEAN LITHIUM QUARTERLY ACTIVITIES REPORT AND APPENDIX 5B FOR THE QUARTER ENDING 30 SEPTEMBER 2021 The Board of European Lithium Limited ( ASX : EUR , FRA : PF8 , OTC : EULIF ) ( the Company ) is pleased to present its activities report and Appendix 5B for the three months ending 30 September 2021 . SUMMARY OF KEY UPDATES • • . • • . • E47 / 4144 is progressing through the WA Mining Act regulatory application process . COVID - 19 pandemic and government enforced rules related to international travel , in particular , continues to impact operations and force EUR to observe closely any changes in government restrictions in Europe , Austria specifically and Australia . Due to the Company's strict COVID safe rules and other mitigation measures , no COVID- 19 incidents or cases were reported by staff and contractors since the start of the pandemic in March 2020. The Company has continued Austrian operations noting that COVID - 19 rules have been eased during Q3 / 2021 within the European Union , but may be tightened unexpectedly was raising number of infections in Q4 / 2021 . DRA as the leading consultant to manage the bankable Definite Feasibility Study ( DFS ) has appointed the complete group of subconsultants . Both drill rigs mobilized in Q1 & Q2 / 2021 have been de - mobilised in Q3 / 2021 on completion of the deep hole drilling program . The Company completed drilling activities to a total length of 7,923m , with 2 drill rigs operating efficiently , with extraordinary core recovery and without any incidents . Dorfner / Anzaplan has completed 3rd locked cycle test and commenced the final one out of four to ensure high level of QA / QC . Final report will be published once results are received and processed . EUR continues to collaborate , based on a letter of intent ( LOI ) , with a research group from University of Graz , to develop a cluster for lithium hydroxide ( LiOH ) to be produced from recycled Lithium - lon - Batteries helping to ensure EU green targets for the battery industry are met . GREENPEG ( EU - funded ) supported infield and underground work continues . トー CORPORATE MATTERS Board Restructure + + + + + + During the quarter , the Company announced the appointment of Mr Michael Carter as Non- Executive Director and the resignation of Mr Kimon Gkomozias as Executive Director of the 32 Harrogate Street , West Leederville , WA 6007. P : +61 8 6181 9792 E : info@europeanlithium.com W : www.europeanlithium.com ASX CODE : EUR +