Announcement PDF Australia NL ASX ANNOUNCEMENT COMPANY DETAILS LITHIUM AUSTRALIA NL ABN: 29 126 129 413 ASX CODE: LIT & LITCB PRINCIPAL AND REGISTERED OFFICE Suite 3 23 Belgravia Street Belmont WA 6104 P +61 8 6145 0288 F +61 8 9475 0847 POSTAL ADDRESS PO Box 588 Belmont WA 6984 CORPORATE INFORMATION (13 October 2015) 134M Ordinary Shares 37M Listed Partly Paid Shares 15M Unlisted Partly Paid Shares 5M Unlisted Options 8M Performance Rights 16M Performance Option Rights BOARD OF DIRECTORS George Bauk (Non-Executive Chairman) Adrian Griffin (Managing Director) Bryan Dixon (Non-Executive Director) For further information contact: Lithium Australia NL Adrian Griffin (MD) Tel: Email: Web: +61 (08) 6145 0288 info@lithium-au.com www.lithium-au.com 13 October 2015 Clarification to September 2015 Quarterly Operations Report   HIGHLIGHTS Competent Person Statement Clarification Update to Tenement Listing Lithium Australia NL (LIT) recently released its 2015 Quarterly Operations Report (see ASX announcement on 12 October 2015). LIT provides this release as an Addendum to the September 2015 Quarterly Operations Report. The September Quarterly Operations Report made reference to the giant Cinovec deposit as follows. “Work undertaken by the Company on the Cinovec lithium tails assisted in reassessing the resource as a primary source of lithium (ASX Release 9 Feb 2015) resulting in a 285% increase in resource tonnage as follows:   Inferred Li Resource of 5.5Mt LCE*, 514.8Mt @ 0.43% Li 2O (0.1% Li cutoff); and Additional Exploration Target of 3.4-5.3Mt LCE, 350-450Mt @ 0.390.47% Li2O *LCE = lithium carbonate equivalent, a common measure for reporting lithium production and demand. LCE = Li2O% x 2.473. *Cautionary statement The potential quantity and grade of the Exploration Target is conceptual in nature, there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. Refer to EMH ASX announcement 6 October 2015 This result places Cinovec amongst the largest hard-rock lithium deposits in the world.” LIT refers to the Competent Persons statement in the EMH announcement dated 6 October 2015 and confirms that it is not aware of any new information or data that materially affects that information and that all material assumptions underpinning the resource estimates continue to apply and have not materially changed. Also attached is the Company’s current tenement schedule as recently released in the 2015 Annual Report. MEDIA CONTACT: Adrian Griffin Lithium Australia NL Kevin Skinner Field Public Relations 08 6145 0288 | 0418 927 658 08 8234 9555 | 0414 822 631 ABOUT LITHIUM AUSTRALIA Lithium Australia (LIT) has exclusive technology licences to recover lithium from micas; minerals not generally used as a source of lithium chemicals. The Company considers this to be a disruptive technology with the potential to displace more conventional lithium production. LIT has a non-binding Heads of Agreement with European Metals Holdings Limited to process lithium mineralisation at Cinovec in the Czech Republic on a 50/50 JV basis. Cinovec contains abundant lithium micas and is one of the world’s largest hard-rock lithium occurrences. In addition, LIT has strategic alliances with Pilbara Minerals Limited, Focus Minerals Limited and Tungsten Mining NL, to investigate lithium and rare metals in prospective locations of Western Australia close to well-developed infrastructure. LIT has lithium exploration assets near Greenbushes and Ravensthorpe in Western Australia. LIT is also evaluating other European opportunities. SCHEDULE OF MINERAL TENEMENTS Western Australia Tenements P15/4953 COOLGARDIE GRANTED 30/09/2008 P15/5519 COOLGARDIE GRANTED 3/02/2011 P15/5574 S P15/5575 S COOLGARDIE COOLGARDIE GRANTED GRANTED 10/08/2011 10/08/2011 P15/5625 COOLGARDIE GRANTED 9/08/2013 P15/5626 COOLGARDIE GRANTED 14/12/2011 P15/5629 COOLGARDIE GRANTED 9/08/2013 P15/5739 P15/5740 P15/5741 P15/5742 P15/5743 P15/5749 COOLGARDIE COOLGARDIE COOLGARDIE COOLGARDIE COOLGARDIE COOLGARDIE GRANTED GRANTED GRANTED GRANTED GRANTED GRANTED 17/01/2013 17/01/2013 17/01/2013 17/01/2013 17/01/2013 3/04/2013 E45/2232 E45/2241 M45/78 M45/333 M45/511 E77/1853 E77/1854 E77/1855 E77/2021 E77/2022 E77/2035 E77/2279 E70/4690 PILGANGOORA PILGANGOORA PILGANGOORA PILGANGOORA PILGANGOORA LAKE SEABROOK LAKE SEABROOK LAKE SEABROOK LAKE SEABROOK LAKE SEABROOK LAKE SEABROOK LAKE SEABROOK GREENBUSHES GRANTED GRANTED GRANTED GRANTED GRANTED GRANTED GRANTED GRANTED GRANTED GRANTED GRANTED PENDING PENDING 17/11/2005 24/04/2002 28/11/1984 17/06/1988 11/09/1991 22/09/2011 22/09/2011 22/09/2011 26/06/2012 26/06/2012 5/09/2012 PENDING PENDING PENDING PENDING Northern Territory Tenement ELA 30897 ANGERS