Announcement PDF Appendix 3B - Proposed issue of securities Announcement Summary Entity name LITHIUM AUSTRALIA LIMITED Announcement Type New announcement Date of this announcement 22/7/2024 The Proposed issue is: A placement or other type of issue Total number of +securities proposed to be issued for a placement or other type of issue Maximum Number of +securities to be issued ASX +security code +Security description New class-code to be confirmed Options with an exercise price of $0.031 expiring 4 years from date of issue 39,000,000 LIT ORDINARY FULLY PAID 264,673,077 Proposed +issue date 26/7/2024 Refer to next page for full details of the announcement Appendix 3B - Proposed issue of securities 1/7 Appendix 3B - Proposed issue of securities Part 1 - Entity and announcement details 1.1 Name of +Entity LITHIUM AUSTRALIA LIMITED We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules. If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation). 1.2 Registered Number Type Registration Number ACN 126129413 1.3 ASX issuer code LIT 1.4 The announcement is New announcement 1.5 Date of this announcement 22/7/2024 1.6 The Proposed issue is: A placement or other type of issue Appendix 3B - Proposed issue of securities 2/7 Appendix 3B - Proposed issue of securities Part 7 - Details of proposed placement or other issue Part 7A - Conditions 7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other type of issue can proceed on an unconditional basis? No Part 7B - Issue details Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)? Existing class Will the proposed issue of this +security include an offer of attaching +securities? No Details of +securities proposed to be issued ASX +security code and description LIT : ORDINARY FULLY PAID Number of +securities proposed to be issued 17,750,000 Offer price details Are the +securities proposed to be issued being issued for a cash consideration? No Please describe the consideration being provided for the +securities Pre-Paid Shares pursuant to the Placement Agreement. Refer ASX Announcement dated 22 July 2024. Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities 0.023000 Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Yes Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional Appendix 3B - Proposed issue of securities Will the proposed issue of this +security include an offer of attaching +securities? No 3/7 Appendix 3B - Proposed issue of securities or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)? Existing class Details of +securities proposed to be issued ASX +security code and description LIT : ORDINARY FULLY PAID Number of +securities proposed to be issued 246,923,077 Offer price details Are the +securities proposed to be issued being issued for a cash consideration? Yes In what currency is the cash consideration being paid? What is the issue price per +security? AUD - Australian Dollar AUD 0.02300 Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Yes Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)? New class Will the proposed issue of this +security include an offer of attaching +securities? No Details of +securities proposed to be issued ISIN Code (if Issuer is a foreign company and +securities do not have +CDIs issued over them) Have you received confirmation from ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1? No Will the entity be seeking quotation of the 'new' class of +securities on ASX? No ASX +security code +Security description New class-code to be confirmed Options with an exercise price of $0.031 expiring 4 years from date of issue +Security type Options Number of +securities proposed to be issued Appendix 3B - Proposed issue of securities 4/7 Appendix 3B - Proposed issue of securities Number of +securities proposed to be issued 39,000,000 Offer price details Are the +securities proposed to be issued being issued for a cash consideration? No Please describe the consideration being provided for the +securities Options are being issued as part consideration to Lind for entering into the Placement Agreement. Refer ASX Announcement dated 22 July 2024. Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities 0.012100 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Options details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.0310 31/7/2028 Details of the type of +security that will be issued if the option is exercised LIT : ORDINARY FULLY PAID Number of securities that will be issued if the option is exercised 39000000 Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement. Refer ASX Announcement dated 22 July 2024. Part 7C - Timetable 7C.1 Proposed +issue date 26/7/2024 Part 7D - Listing Rule requirements 7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1? No 7D.1b Are any of the +securities proposed to be issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? Yes 7D.1b ( i ) How many +securities are proposed to be issued without security holder approval using the entity's 15% Appendix 3B - Proposed issue of securities 5/7 Appendix 3B - Proposed issue of securities 7D.1b ( i ) How many +securities are proposed to be issued without security holder approval using the entity's 15% placement capacity under listing rule 7.1? 39,000,000 Options 17,750,000 Shares (being Pre-Paid Shares) 124,693,910 Shares (being Placement Shares) 7D.1c Are any of the +securities proposed to be issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? Yes 7D.1c ( i ) How many +securities are proposed to be issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A? 122,229,167 Shares (being Placement Shares) 7D.1c ( ii ) Please explain why the entity has chosen to do a placement rather than a +pro rata issue or an offer under a +security purchase plan in which existing ordinary +security holders would have been eligible to participate The placement was chosen as it was considered the most cost-efficient and expedient method available to the Company at the time for raising the funds required to achieve the Company's objectives, given the funding certainty and the pricing achieved under the agreement. 7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? No 7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules? No 7D.4 Will any of the +securities to be issued be subject to +voluntary escrow? No Part 7E - Fees and expenses 7E.1 Will there be a lead manager or broker to the proposed issue? No 7E.2 Is the proposed issue to be underwritten? No 7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue Refer to ASX Announcement dated 22 July 2024 for key terms of the Placement Agreement and fees payable to Lind. Part 7F - Further Information 7F.01 The purpose(s) for which the entity is issuing the securities Funds raised will help drive key growth and business development initiatives across the battery recycling and battery materials divisions. 7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? No 7F.2 Any other information the entity wishes to provide about the proposed issue The securities proposed to be issued per this Appendix 3B refers to the Maximum Number Securities to be issued under LR 7.1. and LR 7.1A pursuant to the Placement Agreement, as detailed in the accompanying ASX Announcement. Refer to ASX Announcement dated 22 July 2024 for additional information including the issue price of the shares to be issued under the the Placement Agreement. 7F.3 Any on-sale of the +securities proposed to be issued within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of: The publication of a cleansing notice under section 708A(5), 708AA(2)(f), 1012DA(5) or 1012DAA(2)(f) Appendix 3B - Proposed issue of securities 6/7 Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 7/7