LIT:27 June 2024Progress into the final phase of LieNA®...

LIT:

27 June 2024

Progress into the final phase of LieNA® piloting
under JDA with Mineral Resources Limited

HIGHLIGHTS

◼ Lithium Australia has successfully completed the initial stage of LieNA® piloting
with Mineral Resources Limited (“MinRes”) at ANSTO1
to produce an intermediate product

◼ The intermediate product is used as a key input in the final LieNA® pilot plant at
ANSTO to produce lithium phosphate, which is commencing in late June 2024

◼ Key LieNA® piloting and study activities remain on track for completion in 2024

◼ Subject to the results of piloting at ANSTO and the engineering study, Lithium
Australia and MinRes will form a joint venture to commercialise the LieNA®
technology

Comment from Lithium Australia CEO and Managing Director, Simon Linge

“We are pleased to announce the completion of the first phase of LieNA® piloting at
ANSTO. This milestone leads us into the final phase of piloting, which is to produce
high quality lithium phosphate. The rapid progress of piloting highlights Lithium
Australia and MinRes’ mutual commitment to the successful commercialisation of the
LieNA® technology.

We look forward to announcing further updates on piloting operations and the
demonstration plant engineering study in the coming weeks and months, with each
milestone completed marking the progress made towards the formation of a JV
between Lithium Australia and MinRes. The licensing of LieNA® remains an exciting
opportunity for the Company and we will continue to progress JDA activities towards
completion during 2024.”

refer to yesterdays ann. for more info.

glall