Leo Lithium Limited (LLLAF)

[TradingCharts]

Quarterly Report
For the quarter ended 31 December 2022

PAGE16

EVENTS
Leo Lithium advances marketing efforts to raise awareness of the Goulamina Project.
The Company hosted an Investor Webinar on Wednesday,14 December for the Capital
Markets community, an opportunity for Chairman Rick Crabb and Managing Director Simon
Hay to provide an update on the recent activities at the Goulamina Project. The webinar
was extremely well received.
Mr Hay also presented to the investment community at the 121 Mining Investment
conference in Frankfurt in November.
FINANCE
Leo Lithium’s closing cash at 31 December 2022 was A$70.8 million.
The major cash flow items for Leo Lithium during the quarter included:
• Cash Inflows:
– Refund from JV for exploration and development costs of A$2.3 million;
– Refund from JV for pre-IPO costs of A$5.8 million paid to Firefinch, and
– Interest received of A$0.1 million.
• Cash Outflows:
– Goulamina JV exploration and development costs of A$4.5 million, incurred by Leo
Lithium on behalf of the JV that is expected to recovered in the March Quarter; and
– Other corporate costs and working capital movements of A$2.6 million;
JV management fees for the September and December quarters of A$0.3 million was
received in January 2023.
Pursuant to ASX Listing Rule 5.3.4, the following expenditure has occurred since the listing
of Leo Lithium on ASX

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