Quarterly Activities Report September 2024

Quarterly update for Lithium Australia including the achievement of record revenue and gross profit in Q1 FY25, driven by increased collections of large-format lithium-ion batteries. The company's recycling operations generated revenue of ~A$2.5m with a gross profit margin of 70%. Significant milestones were achieved, including exclusive agreements with BYD Auto and advancements in lithium processing technology. The company has a strong financial position with A$6.6m in cash and listed investments. Joint development activities with Mineral Resources Limited for disruptive lithium processing technology, LieNA®, are nearing completion. Ongoing discussions for the development of LFP demonstration plants and partnerships with potential strategic partners indicate future growth opportunities. Investors can expect to learn more about the company's achievements, financial performance, and future strategies by reviewing the full report. Any questions or inquiries about the announcement are welcome for further discussions.