LITHIUM ENERGY LIMITED (LEL)

Securities of the company have been suspended for over three months, as detailed in the table unfiled periodic reports, deadlines for the oldest report, and two-year plans for resuming trade. Failure to meet these deadlines leads to removal from the official list after the specified trading day.

The recent MT Survey at White Plains Project confirmed two lithium brine-hosting aquifers. Auger sampling identified lithium in all 22 samples, with grades up to 100mg/l, indicating significant potential in the Deep Aquifer. Drilling plans are forthcoming.

CEI-funded 3D geophysical surveys have been completed at the Bajool Prospect in Queensland's Capricorn Gold-Copper Belt. The surveys, including DCIP and MT, aim to model potential Porphyry Copper/Molybdenum systems for improved drilling targeting. Results are under analysis, with findings to be reported alongside future work plans.

The company releases its notice of cessation of securities.

The company's annual general meeting is scheduled for 27 November 2025 in Perth, Western Australia.

The company lodges its full year report for 30 June, 2025.

The company provided an update on its suspension from ASX trading, initially imposed following the sale of its Solaroz Lithium Brine Project for approximately US$63 million. The ASX requires the company to demonstrate sufficient operations in its remaining mining projects to warrant reinstatement. Current projects include the Capricorn Gold-Copper Belt Project, Burke and Corella Graphite Projects, the Mt Dromedary Graphite Project, and the White Plains Lithium Brine Project in Utah. The company has strengthened its technical team and is planning exploration works aimed at meeting ASX requirements for reinstatement.

The company has acquired 100% of the Mt Dromedary Graphite Project in Queensland from NOVONX for $2 million. This acquisition merges the project with Lithium Energy's existing Burke Graphite Project, creating a substantial combined resource of 4.42Mt of high-grade natural graphite. The Mt Dromedary and Burke deposits have high average grades, and there is potential for resource expansion. The acquisition will facilitate the development of a vertically-integrated Battery Anode Material manufacturing facility. In-fill resource development drilling is planned for Q4 2025. This decision replaces a previously proposed joint spin-out and IPO of natural graphite assets by Axon Graphite Limited due to market conditions.

The company lodges its notice of cessation of securities.

The company has completed a detailed 97-station Magnetotelluric survey at the White Plains Lithium Brine Project in Utah. The survey, which builds upon a previous 38-line km passive seismic survey, identified two potential aquifers: a shallow near-surface Upper Aquifer and a Deep Aquifer starting at approximately 200m depth with a thickness of 150m. The data is encouraging and allows Lithium Energy to establish priority drill targets.

The company has identified a strong likelihood of repeat occurrences of mineralisation associated with the historic Mt Morgan Gold-Copper Mine in the Capricorn Gold-Copper Belt Project. The mineralisation comprises a hybrid two-stage epigenetic model, with significant gold and copper intercepts. The project highlights six priority areas for exploration.

The company lodges its quarterly activities and cash flow report for June 2025.

Entities with securities suspended for over three months must lodge periodic reports, meet a 1 year deadline for the oldest outstanding report, and execute plans for resuming trading to ASX's satisfaction. Failure to meet deadlines results in removal from the official list.

The company has completed Tranche 1 of its 51% acquisition of the Capricorn Gold-Copper Belt Project in central Queensland. The project covers 1,795 km2 and includes multiple targets for gold, copper, molybdenum, and zinc mineralisation. The company has the right to acquire the remaining 49% interest within 21 months. The Bajool porphyry copper-molybdenum prospect is a priority target.

Queensland Government has approved $189,200 for the Bajool Prospect, a Porphyry Copper/Molybdenum system within the Capricorn Gold-Copper Belt Project. The funding will cover costs for 3D Direct Current Induced Polarisation and Magnetotelluric surveys, allowing accurate modeling of the targeted porphyry systems.

The company completed a 38km passive seismic survey at the White Plains Lithium Brine Project in Utah, revealing a characteristic Half Graben Basin up to 600m in depth. The next stage will involve a Magnetotelluric data survey to delineate high-priority drill targets.

The company has staked 6,150 hectares of mineral claims in Utah's White Plains Lithium Brine Project, potentially hosting lithium brine mineralisation. The project, located 200km west of Salt Lake City, is being reviewed for potential development.

The company lodges its quarterly activities and cash flow report for March 2025.

The company received $26 million in cash on completion of Tranche 1, a staged sale of its interest in the Solaroz Lithium Brine Project in Argentina to CNGR Netherlands New Energy Technology B.V. The sale involved the transfer of Lithium Energy's 39.9% shareholding in Solaroz and the assignment of a $12 million loan amount. The remaining balance of the purchase price will be transferred to a joint escrow account.

The company and CNGR Netherlands New Energy Technology have agreed to sell their 90% interest in the Solaroz Lithium Brine Project in Argentina for $63 million in two tranches. The sale has been extended to 30 April 2025 due to logistical issues.

Entities that have been suspended for more than three months due to their unfiled periodic reports, along with the oldest overdue report deadline and their two-year deadline for trading plans, will be removed from the official list if these conditions are not fulfilled.

The company lodges its half year report for December 2024.

The company has consolidated exploration tenements in Central Queensland, adjacent to the historic Mt Morgan Gold Mine, to create a new district-scale project called the Capricorn Gold-Copper Belt Project. The acquisition includes $3 million in cash payable over two years, contingent payments on exploration success and feasibility study milestones, and a 2% NSR royalty.

The company releases its notice of cessation of securities.

The company releases the results of its general meeting.

The company has received final Environmental Impact Assessment approval for the next phase of exploration and evaluation activities at the Solaroz Lithium Brine Project in Argentina. The approvals are for exploration and evaluation activities across all concessions, with CNNET funding local operations and development from January 2025.

The company lodges its Quarterly Activities and Cash Flow Report for 31 December 2024.

The company has received a second deposit of US$6 million from CNGR Netherlands New Energy Technology B.V. for the sale of its interest in the Solaroz Lithium Brine Project in Argentina, following shareholder approval.

The company releases its results from a general meeting.

The company will hold a general meeting at Lithium Energy Limited, Suite 1, Level 1, 680 Murray Street, West Perth, Western Australia, at 12:00 noon (Perth time) on Friday, 7 February 2025.

The company has received Environmental Impact Assessment approvals for the next phase of exploration activities in the Mario Angel and Payo concessions at the Solaroz Lithium Brine Project in Argentina.

The company is holding a General Meeting on 15 January 2025 to be held at Lithium Energy Limited, Suite 1, Level 1, 680 Murray Street, West Perth, Western Australia, at 12:00 noon (Perth time).

The company and CNGR have agreed to amend the terms of their purchase of Lithium Energy's 90% interest in the Solaroz Lithium Brine Project in Argentina for approximately A$97 million cash. The amended agreement includes a second deposit of $6 million, a second payment of $26 million, a transfer of a 39.9% shareholding, deferred consideration, and a loan.

The company releases its notice of cessation of securities.

The company releases its results of the Annual General Meeting.

The company lodges its Quarterly Activities and Cash Flow Report.

The company lodges its Appendix 4G.

The company lodges its Corporate Governance Statement for 2024.

The company lodges its Annual Report for 2024.

Lithium Energy Limited's securities will be suspended from quotation on 25 October 2024, following ASX's decision to suspend them six months after the agreement to dispose of its main undertaking. LEL has not demonstrated sufficient operations to warrant continued quotation under Listing Rule 12.1, and the suspension will continue until ASX determines compliance with the Listing Rules and if reinstatement is appropriate.

The suspension of trading in the securities of Lithium Energy Limited is expected to be lifted from the commencement of trading on Thursday, 2 May 2024 following lodgement of its Appendix 5B and Quarterly Activities Report for the period ended 31 March 2024.

The securities of the company will be suspended from quotation under Listing Rule 17.5 from the commencement of trading today, Wednesday, 1 May 2024, for not lodging the relevant periodic report by the due date. If the report is lodged between the closure of the market announcements office on Tuesday, 30 April 2024, and the imposition of the suspension, the entity's securities will normally be reinstated to quotation on the next trading day after the suspension is imposed.

The company lodges its Quarterly Activities and Cash Flow Report - 31 March 2024.

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