FY24 Results Presentation

Lithium Australia Limited (ASX: LIT) is pleased to report record financial and operational performance for FY24. The company achieved a 22% increase in revenue, reaching $6.7m, with a gross profit of $2.2m, a 53% increase from the previous year. Notably, a maiden operating cash profit was achieved in Q4 FY24. Key highlights include exclusive recycling agreements with industry leaders such as LG Energy Solution, Hyundai Glovis, and Volvo Group Australia. Additionally, progress towards commercialization of patented technologies, such as the LieNA® lithium chemicals, has been significant. Lithium Australia is committed to driving commercial scale LFP production, with potential revenue projections of up to US$319m annually. The company's strong balance sheet, with listed investments and cash totaling A$5.6m, positions us well for future growth and development.