Recycling operations achieve maiden operating cash profit

Lithium Australia's recycling operations achieved a maiden Operating Cash Profit, driven by the growth in their 'Fee for Service' recycling model.

This strategic shift towards large-format lithium-ion battery collections, along with new exclusive commercial agreements with key customers, has enhanced the company's unit economics. With a record proportion of LIB batteries in the collections mix and exclusive agreements with leading OEMs, the growth in large-format LIB collection volumes is expected to continue.

Discussions with SungEel HiTech for a joint development agreement are progressing, aiming to upgrade recycling equipment and expand processing capacity. Investors are encouraged to ask questions or seek further information on our recent achievements and future growth plans.