External broker reports(aggregated public sources), Argonaut

Argonaut

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>Following the successful placement of new shares to partner Ganfeng, LLL is well positioned to address any funding shortfalls for development of Goulamina.</li><li>An updated Resource estimate has enabled us to simulate a new inventory (130Mt at 1.5% Li2O) which we use to revise our valuation model.</li><li>At the end of May Leo Lithium reported it had executed a strategic placement and cooperation agreement with Goulamina Project JV partner Ganfeng.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Following the successful placement of new shares to partner Ganfeng, LLL is well positioned to address any funding shortfalls for development of Goulamina.An updated Resource estimate has enabled us to simulate a new inventory (130Mt at 1.5% Li2O) which we use to revise our valuation model.At the end of May Leo Lithium reported it had executed a strategic placement and cooperation agreement with Goulamina Project JV partner Ganfeng.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Leo Lithium

Leo Lithium (LLL) - Mid-Year Update