• License renewals remain 'Pending'
• Maiden Mineral Resource Estimate (MRE) pending
• Conversion of loan notes progressing
• Cash balance of $0.122m, in discussions for additional funding

First Lithium Limited (FL1) has provided an update on its activities for the March 2026 quarter. The renewal of the outstanding licenses in Mali are expected to be finalized in the upcoming ministry meetings, and the company's project consultants expect the maiden Mineral Resource Estimate (MRE) on the Project to be completed once the project licenses have been processed. FL1 is in the process of converting tranche one notes of $1.2m to equity, which will be subject to shareholder approval, and is in discussions for additional funding, with the pending license renewals and release of the maiden MRE expected in the June 2026 quarter. At the end of the quarter, FL1 had a cash balance of $0.122m, with exploration and evaluation expenditure of $245k incurred year-to-date.