Transition Of ASX Listing From Mining To Materials

Lithium Australia NL (ASX: LIT) (Lithium Australia or the Company) is pleased to advise that effective from 12 December 2022, the ASX listing classification of the Company transitioned from a "mining exploration entity" to a standard materials listing.

HIGHLIGHTS

• Reclassification of ASX listing classification from mining entity to a materials entity
• Result of gradual evolution in focus since 2014 from exploration to recycling technologies and lithium processing
• Change in classification to provide shareholders with greater clarity and comparability
• Changes to periodic financial reporting requirements

The reclassification, which reflects the evolution in LIT’s business focus from mineral exploration to recycling technologies and lithium processing over the past eight years, will provide greater clarity for existing shareholders and investors on the Company’s operating activities, and better align periodic reporting requirements with underlying operations.

The table in the schedule to this announcement summarises the impacts of the reclassification on LIT's periodic financial reporting requirements.

The Company retains the following interests in exploration projects:

• 100% owned Lepidolite Hill Project in Western Australia;
  
• 30% interest in the Coates and Lake Johnston projects in Western Australia and the Bynoe project in the Northern Territory (Charger Metals ASX:CHR); and
• 20% interest in the Greenbushes South project in Western Australia (Galan Resources ASX:GLN).

The Company will continue to keep the market updated in respect of its remaining exploration interests in accordance with its continuous disclosure obligations.

Click here for the full ASX Release

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