Lithium Universe Quarterly Activities/Appendix 5B Cash Flow Report

Lithium Universe (ASX:LU7) is pleased to present its Quarterly Activities/Appendix 5B Cash Flow Report - June 2024.

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HIGHLIGHTS

Closing the Lithium Conversion Gap in North America

• Lithium Universe to convert supply in North America
• Geopolitical shift to onshore the battery supply chain
• LFP batteries expected to capture 87% of the ESS market share by 2033
• Strong Federal and Provincial government financing support within the industry

Application for 22.5 Mw Green Power for Bécancour Lithium Refinery

• Lithium Universe application for 22.5 MW of green power for Bécancour Lithium Refinery
• Hydroelectricity has significant cost effective advantage
• Strategy to produce greener battery grade lithium carbonate
• Application only for train 1 of 16,000 tpa battery grade lithium carbonate

Lithium Universe Completes Two Environmental Field Studies at Bécancour Site

• No significant biological issues reported by environmental team
• Wetlands identified are of low ecological value
• Further environmental surveys planned

Lithium Universe Board Visits Operating Refineries in China

• LU7 Board and CEO travel to China to meet with existing lithium refineries
• Team validates existing design process improvements with existing operators
• Jiangsu Refinery built by Galaxy maintains benchmark LU7 construction philosophy of Jiangsu-style refinery reinforced
• Chinese converter expansions focussed on lithium carbonate

Bécancour Lithium Refinery Design Proving to Handle Various Spodumene Types

• Testwork conducted to Linyi University Lithium Research Centre
• Second batch completed and meets stringent battery grade specs
• Not often achievement of battery grade on first pass programs
• Metallurgical testing on various international sources of spodumene
• Able to process spodumene from any part of the world

Procurement Strategy for Bécancour Lithium Refinery

• Procurement strategy for Bécancour Lithium Project
• “Same equipment, same supplier” strategy
• Board visit to Hatch's Shanghai procurement office
• Proven equipment and same suppliers fast tracks engineering
• Jiangsu used 70% of Chinese top quality suppliers

Bécancour Lithium Refinery 3D Layout Completed

• DFS Engineering work producing significant progress
• 3D model and plot plan layout completed
• Plant layout strategy for efficient space utilisation

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