LAVO™ and Macarthur Minerals partner to trial integration of hydrogen power at Lake Giles Iron Project

Sydney, NSW – 1 June 2021 – LAVO and Macarthur Minerals Limited (ASX: MIO) (TSX-V: MMS) (OTCQB: MMSDF) (“Macarthur”), an iron ore development, gold and lithium exploration company focused on bringing to production its Western Australia iron ore projects, today announced the signing of a Strategic Partnership and Collaboration Agreement which will explore opportunities to utilise LAVO’s hydrogen storage solutions as part of a clear carbon reduction strategy for Macarthur’s flagship Lake Giles Iron Project in the Yilgarn region of Western Australia.

Please refer to attached ASX announcement from Macarthur Minerals for further information.

-ENDS-

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About Macarthur Minerals

Macarthur is an iron ore development, gold and lithium exploration company that is focused on bringing to production its Western Australia iron ore projects. The Lake Giles Iron Project mineral resources include the Ularring hematite resource (approved for development) comprising Indicated resources of 54.5 million tonnes at 47.2% Fe and Inferred resources of 26 million tonnes at 45.4% Fe; and the Lake Giles magnetite resource of 53.9 million tonnes (Measured), 218.7 million tonnes (Indicated) and 997 million tonnes (Inferred). The JORC reporting tables and Competent Person statement for the magnetite and hematite mineral resources have previously been disclosed in ASX market announcements dated 12 August 2020 and 5 December 2019. Macarthur has prominent (~721 square kilometer tenement area) gold, lithium and copper exploration interests in Pilbara region of Western Australia. In addition, Macarthur has lithium brine Claims in the emerging Railroad Valley region in Nevada, USA.

About LAVO™

LAVO™ is changing the way people live with energy. A hydrogen technology and lifestyle company, LAVO™ designs and manufactures renewable hydrogen energy storage solutions for residential and commercial use. LAVO™ will challenge convention, spark a global conversation and enable a meaningful change in attitudes and behaviours around sustainability, the environment and responsible consumerism. Founded in 2020, LAVO™ Hydrogen Technology Limited was established to fast track the commercialisation of technology developed within the Hydrogen Energy Research Centre cofounded by Providence Asset Group and the University of New South Wales. LAVO is headquartered in Sydney Australia. For more information visit www.lavosite.temp927.kinsta.cloud.