Lithium Energy Limited (ASX Code: LEL)

#ASXNews Lithium Energy Limited (ASX Code: LEL) is pleased to present the Quarterly Activities and Cash Flow Report for 30 September 2024. Updates on:  Sale of Solaroz Lithium Brine Project (Argentina)  Axon Graphite Limited IPO/spin-out  Future Activities View Full Report: https://lnkd.in/gP5xJDng #LithiumEnergy #LEL #ASX

#ASXNews Lithium Energy Limited (ASX Code: LEL) is pleased to present the 2024 Annual Report, outlining our pathway to development across our significant mining project assets. 2024 has been a year of great achievements and growth, further positioning the Company in its goals to contribute to the global energy transition. #LithiumEnergy #LEL #ASX

#ASXNews Lithium Energy Limited (ASX Code: LEL) is pleased to announce that the 2024 Notice of Annual General Meeting will be held at 10:30 am (Perth Time) on Thursday, 28 November 2024. For more details, please view the full announcement: https://lnkd.in/g2Ps8U_f #LEL #LithiumEnergy #ASX

Lithium Energy Limited (ASX Code: LEL) has extended the sale of its 90% interest in the Solaroz Lithium Brine Project in Argentina by 60 days. The company is selling its interest to CNGR Netherlands New Energy Technology B.V. (CNNET) for US$63 million (~A$97 million) in cash. CNNET is a subsidiary of CNGR Advanced Material Co Ltd and one of the largest producers of precursor #CathodeActiveMaterials used by leading companies in the #BatteryMaterials supply chain. More at #Proactive #ProactiveInvestors #ASX #LEL #Lithium #LithiumMining #BatteryMetals #CriticalMinerals http://ow.ly/CXKJ105MwQo

#ASXNews Lithium Energy Limited (ASX Code: LEL) (Lithium Energy or Company) refers to its previous announcements regarding the sale of the whole of the Company’s 90% interest in the Solaroz Lithium Brine Project in Argentina (#Solaroz Project) to CNGR Netherlands New Energy Technology B.V. (CNNET) for consideration totalling US$63 Million (~A$97 Million) cash (the Solaroz Sale). Completion of the sale was to occur after the satisfaction (or waiver, as applicable) of a number of conditions precedent under the Solaroz Sale agreement (Conditions) on or before 25 October 2024. Whilst some of the Conditions have already been satisfied, including Lithium Energy shareholder approval and receipt by CNNET/CNGR of all necessary Chinese ODI (overseas direct investment) and foreign exchange control regulatory approvals, several Conditions remain outstanding. Whilst some or all of the outstanding Conditions may still be satisfied before 25 October 2024, CNNET has requested that the time for completion be extended by a further 60 days to 24 December 2024, as permitted under the Solaroz Sale agreement. The Company will provide further updates as material Conditions are attained. Full announcement: https://lnkd.in/gJWrUBq7 #LithiumEnergy #LEL #ASX

#ASXNews Lithium Energy Limited (ASX Code: LEL) is pleased to present the Full Year Report for the financial year from 1 July 2023 to 30 June 2024. View the full report: https://lnkd.in/gVMqimER #LEL #LithiumEnergy #ASX

Lithium Energy has advised that Axon Graphite has updated the resource estimate for the Mt Dromedary deposit using a 5% total graphitic carbon cut-off to bring it in line with the Burke and Corella deposits. Lithium Energy Limited (ASX Code: LEL) https://buff.ly/3XmMxVC #ASX

Lithium Energy Limited (ASX Code: LEL) and NOVONIX Ltd welcome an updated mineral resource estimate (MRE) for the Mt Dromedary #graphite deposit which will be a key component of the proposed spin-out, Initial Public Offering (IPO) and ASX listing of Axon Graphite Limited. The new company will encompass the northwest Queensland high-grade #NaturalGraphite assets of Lithium Energy (Burke and Corella deposits) and NOVONIX (Mt Dromedary) to form a distinct vertically integrated Battery Anode Material (BAM) business. More at #Proactive #ProactiveInvestors #GraphiteMining #BatteryMetals #CriticalMinerals http://ow.ly/poRX105Ic3E

#ASXNews NOVONIX Limited (ASX: #NVX) (NOVONIX) and Lithium Energy Limited (ASX Code: LEL) (Lithium Energy) are pleased to provide the following update on the spin-out and Initial Public Offering (IPO) and ASX listing of Axon Graphite Limited (proposed ASX Code: #AXG) (Axon Graphite), which encompasses the merger of the high-grade natural #graphite assets of Lithium Energy (the Burke and Corella Deposits) and NOVONIX (the Mt Dromedary Deposit) to form a distinct vertically integrated Battery Anode Material (#BAM) business in Queensland, Australia. As part of the IPO process, Axon Graphite has undertaken a review of NOVONIX’s Mt Dromedary Deposit (previously assessed in 2016) and provides the following updated Mineral Resource Estimate (MRE) for Mt Dromedary: • Total Mineral Resource of 12.7Mt at 14.5% Total Graphitic Carbon (#TGC) for a total of 1.83Mt contained graphite (at a 5% TGC cut-off grade), comprising: ▪ Indicated Mineral Resource of 8.3Mt at 15.2% for 1,260kt of contained graphite; and ▪ Inferred Mineral Resource of 4.3Mt at 13.2% TGC for 570kt of contained #graphite; and • Within the mineralisation envelope, there is included a higher grade Total Mineral Resource of 8.5Mt at 18.4% TGC for 1.56Mt of contained graphite (at a 10% TGC cut-off grade). The Mt Dromedary tenements are directly adjoining the #Burke tenement (refer Figures 1 and 2 in the announcement below) and the Burke Deposit is a continuation of the graphite mineralisation within the #MtDromedary Deposit. The combination of these two adjoining high-grade graphite deposits creates the potential for significant operational synergies and economies of scale through a potentially larger scale open-pit mining operation to provide feedstock for a vertically integrated #BAM Facility based in Queensland. View Full Announcement: https://lnkd.in/gWXZrAVK #LEL #LithiumEnergy #ASX #AxonGraphite #AXG

Via Bulls N' Bears Lithium Energy Limited (ASX Code: LEL) shareholders have voted in droves to stamp their approval for the US$63 million (AU$97 million) sale of the company’s entire interest in the Solaroz #lithium brine project in northern Argentina. Read the full article: https://lnkd.in/gG7DU9XH #LEL #LithiumEnergy #ASX