Ann: Shareholder Update, page-343

Leo Lithium is already producing Spodumene tonnes from stage 1 build.... WRONG ...only rock first spodumene from Stage 1 mid 2024CY

Now stage 2 is already 2 months into the build, and should be finished by September 2023.... WRONG ...a FID decision has not even been made on what size or to proceed with Stage 2

Then the final stage 3 will be completed by May 2024..WRONG ... no discussions have even be had on Stage 3, and Stage 1 won't likely be finished by May 2024

Current schedule
Targeting 185ktpa of DSO (1.57% Li02) from Q42023 until first Spodumene SC6 (6% Li02).
What is stockpiled is not DSO... still needs be crushed, so need crushing plant.
First Spodumene SC6 is forecast mid-year with a 6 month ramp up, so likely to produce 125kt of Spodumene SC6 in 2024CY.
All things going well could expect 500kt of Spodumene SC6 produced in 2025CY.
First Spodumene SC6 from Stage#2 is likely not until late 2025 or 2026.
Note; This is everything goes to schedule, which is the case at the moment, but the industry has a habit of missing schedules.