Direction of LKE, page-8

Fourthly:

"FUNDING:
Their CEO stated that their 3 sources of funding are on board now that a 4 tiered expansion plan is completed that has minimised financial risk to their funding partners. What's this talk about a capital raise in these chats? They've stated it'll be bank borrowed? "


Assuming CAPEX US$1.5 billion + US$300 million power solution = US$1.8 billion (just for Phase 1 - 25ktpa LCE)

Current AUD/USD cross AUD1 = USD0.6395

CAPEX US$1.8 billion = AU$2.815 billion

Proposed only (subject to conditions, and non-binding):

- SK 171,426,159 shares @ AU$1.008/sh = AU$172,797,568
- WMC 154,347,945 shares @ AU$1.20/sh = AU$185,217,534
- Lilac US$50 million = AU$78,120,000
- Cash at bank = AU$90,100,000 (*as at 30 JUNE 2023)
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Total AU$526,235,102
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At a 70:30 debt/equity split:
UKEF 70% / LKE 30%
Lake need to find AU$844,500,000

AU$844,500,000
- AU$526,235,102
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Funding gap = AU$318,264,898
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"What's this talk about a capital raise in these chats? "

Now you know!!

IMO DYOR

*Note Cash at Bank is as at 30 JUNE 2023 (~ 2 month ago).
Was AU$90.1mil @ burn-rate AU$23mil per QTR