Appointment of Primero Group for Concentrator Engineering Study

Lithium Universe Limited (“Lithium Universe”, the “Company” or ASX: “LU7”) is pleased to announce that Primero Group Limited (Primero) has been appointed as lead manager in relation to the design of a multi-purpose stand- alone concentrator (Concentrator Engineering Study). This appointment is consistent with the business model strategy outlined in the Company’s Prospectus (refer ASX release 10 August 2023) of establishing the Company’s Québec Lithium Processing Hub (QLPH). The Company intends on pursuing its QLPH strategy in parallel with its exploration activities to establish a vertically integrated mine to battery grade lithium carbonate processing hub in Québec, Canada1.

• Primero Group Limited appointed Concentrator Engineering Study Manager
• Study focus is multi-purpose standalone concentrator
• Multidisciplinary engineering group with extensive lithium experience
• Concentrator rated at 1 Mtpa and Dense Media Separation (DMS) design
• Part of the Québec Lithium Processing Hub (QLPH) strategy

Founded in 2011, Primero specialises in providing design, construction, and operational services for resource projects worldwide. With extensive experience in the lithium sector, Primero’s vertically integrated business model provides for Build, Own, and Operate (BOO) capabilities, enabling its clients to conserve their capital expenditures whilst expediting the transition from an exploration-based, to production-based business operation.

APPOINTMENT OF PRIMERO GROUP FOR CONCENTRATOR ENGINEERING STUDY

The appointment of Primero to undertake the Concentrator Engineering Study follows an extensive process to procure a contractor with the suitable experience and capabilities to undertake the design of a stand-alone concentrator with the ability to process 1 Mtpa of spodumene ore. The expected design is anticipated to be similar to that of the Mt Cattlin plant, which uses a simple dense media separation (DMS). The processing plant will involve a four-stage crushing operation to produce particles less than six millimeters, which will then undergo DMS. Additionally, a small flotation circuit will be incorporated into the crusher under-size stream to enhance recoveries. The Company’s team of lithium experts will be assisting Primero in the execution of this strategy.

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