Ann: Half year results presentation, page-9

Podcast summary:

-Strong half year results
-We only had 5 months of operation
-Great lithia recovery for Feb at 64% (9 days had over 70% recoveries)
-Operation cost USD$652 for 6%sc (Adjust cost for 5.2%sc)
-Underground operation started with an exceptional job from the team
-plant is ready for full commissioning by 14/5/2025
-Plant operating well and as expected
-Production tracking ahead of expectation
-Now we are working on improving recoveries
-$15M financial loss
-Most of the loss due to establishing the underground operation
-Most of the major costs are once off cost
-Revenue $100M
-Strong cash flow of $192M at 31/12/2024
-$LTR is resilient in the current market through:
1. continued business optimization
2. improving lithia recovering
3. transition to underground production

Market update:
-Lithium demand profile grew 25% yoy
-Increased lithium demand through:
1. Increased battery storage
2. Growing EV market (30% growth yoy)
3. Robotics

Summary:
TO said "I see low lithium prices curbing new projects"
-Delivering on time
-strong operational performance
-Strong cash flow $192M

Q and A
+Delivering to Tesla and Ford in July 2025
+US tariffs has no impact on our long term contracts with Tesla and Ford
+Now we are achieving better recoveries
+We are in a strong cash position and we have $100M cash facility option available if need be
+Underground ore will through the mill this month and its "bloody good grade 1.4-1.5"
+The KV plant is doing well and as expected but now at a better grade
+We already paid the most mining cost and now expecting a better net profit
+Dividends will be expected once the lithium prices improve
+WE are keeping an open dialog with Gina's management team and they have been positive, cooperative and backing $LTR

I hope I haven't missed mush. I'm very proud of the company and the management team