Ann: Goulamina Funding Received, page-29

Lithium carbonate and spodumene concentrate pricing update

Allkem Limited (ASX|TSX: “AKE”, the “Company”) provides an update on expected June quarter
pricing for lithium carbonate and spodumene products.

Lithium carbonate
Strong market conditions continue to positively impact the price received for lithium carbonate from
the Olaroz Lithium Facility. The June quarter FY22 average price received for lithium carbonate is
expected to be approximately US$35,000/t FOB1 on sales of approximately 3,500 tonnes.
The preliminary March quarter FY22 sales price was approximately US$27,236/t FOB, 9% higher than
the previous guidance.

Spodumene
Similarly strong conditions in the spodumene market are supporting advanced discussions for
spodumene concentrate pricing in the June quarter of approximately US$5,000/t SC6% CIF on sales of
approximately 50,000 tonnes.
March quarter sales of spodumene concentrate were completed at a price of approximately
US$2,218/t SC6% CIF DMT which includes tonnes that were delayed from the December quarter.