Ann: Quarterly Activities and Cashflow Report, page-26

Some context to the cash outflow -

The operating cash outflow of $25.97 million reflects:
o the timing of shipments, with 8,527t of concentrate at the Darwin port at 30
September, which was included in the early October shipment; and
o the repayment of $27.7 million to Yahua, in respect of a QP adjustment. The QP
adjustment resulted from the significant fall in the lithium spodumene price between
the date of prepayment and the end of the quotational period.
• Excluded from the cashflows in the quarter are the cash receipts relating to the 13,100t
shipment in July. These tonnes were part of the prepayment arrangement with Yahua with
the cash received in Q4FY23.