Ann: Notice under section708(A)(5), page-19

Well, times have changed a lot over the past 5 years. 2 years ago, LIT bought 90% of the lucrative and soon very highly subsidized battery recycling and now Charger Metals is also being added with 19.05% , which was a stroke of luck. I am lucky enough to come from a country where battery recycling has been an obligation for over 30 years and I know how rich the recycling companies have become. It is only a matter of time when we will see a much higher course here. The future is traded here and not the past. Only old people look back again and again and say how nice it was, for me life is just beginning and I look a little further ahead than some old posters here in the forum who don't understand anything about investing.
If you want to know im 390% in plus at this day with LIT with great partners and Investments.

LIT owns 19.05% of Charger Metals and its value is a plus of $ 3.5 million for LIT.

As of 30 June 2021, Company cash reserves were $11.4 million (31 March 2021: $13.3 million) and it has no debt.
LIT still have

•  Corporate – the funding position is strong (cash as of 30 June '21 of $11.4 million with no debt) and the Company appointed Phil Thick as director, Stuart Tarrant as chief financial officer and Merrill Gray as executive director of VSPC.

•  Recycling (Envirostream Australia Pty Ltd, 90% Company-owned)

  •  National Battery Stewardship Scheme (‘BSS’), scheduled for January 2022, will

    have a positive financial impact on revenue.

  •  Sales of over $1 million for the year, a 52% increase on FY2020.

  •  Second fertiliser micronutrient field trial programme commenced.

•  Batteries (VSPC Ltd, 100% Company-owned)

  •  The lithium ferro phosphate (‘LFP’) battery market is forecast to expand more than

    fivefold by 2030.

  •  VSPC Ltd ('VSPC') achieved patent protection for the manufacture of LFP cathode powder.

  •  A pre-feasibility study ('PFS') for production of LFP cathode powder completed and definitive feasibility commenced.

•  Batteries (Soluna Australia Pty Ltd, 50% Company-owned) – product distribution partnership with Legend Corporate Services Ltd ('Legend') secured and Soluna Australia 10K Pack HV approved by the Clean Energy Council ('CEC') for release into the market.

•  Lithium chemicals

o LieNA® pilot plant construction to test the hydrometallurgical conversion of

spodumene and subsequent recovery of lithium chemicals commenced.

o First LieNA® licence issued to Deutsche Rohstoff AG, providing potential revenue stream for the Company.

o LieNA® IP bolstered with patent approvals.  Raw materials

•  Exploration continues at the Greenbushes South Project – Company 20%, Galan Resources Ltd (ASX: GLN, 'Galan') 80% – fully funded by Galan.

•  Subsequent to quarter's end, Charger Metals NL ((ASX: CHR, 'Charger') successfully listed on the ASX. Pursuant to the sale and joint venture agreement, the Company retains a 30% free carry in most projects and a 19.6% interest in Charger.