Announcement PDF Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report +Rule 5.5 Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10, 01/05/13, 01/09/16 Name of entity Lithium Consolidated Mineral Exploration Ltd ABN Quarter ended (“current quarter”) 32 612 008 358 31 March 2018 Consolidated statement of cash flows 1. Cash flows from operating activities 1.1 Receipts from customers 1.2 Payments for Current quarter $A’000 Year to date (9 months) $A’000 - - (374) (829) (b) development - - (c) production - - (d) staff costs and board & senior management fees (107) (353) (e) administration and corporate costs (198) (460) (a) exploration & evaluation 1.3 Dividends received (see note 3) - - 1.4 Interest received 7 26 1.5 Interest and other costs of finance paid - - 1.6 Income taxes paid - - 1.7 Research and development refunds - - 1.8 Other (provide details if material) - - 1.9 Net cash from / (used in) operating activities (672) (1,616) (a) property, plant and equipment - - (b) tenements (see item 10) - - (c) investments - - 2. Cash flows from investing activities 2.1 Payments to acquire: + See chapter 19 for defined terms 1 September 2016 Page 1 Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report Consolidated statement of cash flows (d) other non-current assets Current quarter $A’000 Year to date (9 months) $A’000 - - (a) property, plant and equipment - - (b) tenements (see item 10) - - (c) investments - - (d) other non-current assets - - 2.3 Cash flows from loans to other entities - - 2.4 Dividends received (see note 3) - - 2.5 Other (provide details if material) - - 2.6 Net cash from / (used in) investing activities - - 2.2 Proceeds from the disposal of: 3. Cash flows from financing activities 3.1 Proceeds from issues of shares - - 3.2 Proceeds from issue of convertible notes - - 3.3 Proceeds from exercise of share options - - 3.4 Transaction costs related to issues of shares, convertible notes or options 30 9 3.5 Proceeds from borrowings - - 3.6 Repayment of borrowings - - 3.7 Transaction costs related to loans and borrowings - - 3.8 Dividends paid - - 3.9 Other (provide details if material) - - 3.10 Net cash from / (used in) financing activities 30 9 4. Net increase / (decrease) in cash and cash equivalents for the period 4.1 Cash and cash equivalents at beginning of period 2,516 3,481 Net cash from / (used in) operating activities (item 1.9 above) (672) (1,616) Net cash from / (used in) investing activities (item 2.6 above) - - Net cash from / (used in) financing activities (item 3.10 above) 30 9 4.2 4.3 4.4 + See chapter 19 for defined terms 1 September 2016 Page 2 Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report Consolidated statement of cash flows 4.5 4.6 5. Current quarter $A’000 Effect of movement in exchange rates on cash held Cash and cash equivalents at end of period Reconciliation of cash and cash equivalents Year to date (9 months) $A’000 - - 1,874 1,874 Current quarter $A’000 Previous quarter $A’000 at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts 5.1 Bank balances 897 946 5.2 Call deposits 977 1,570 5.3 Bank overdrafts - - 5.4 Other (provide details) - - 5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above) 1,874 2,516 Current quarter $A'000 6. Payments to directors of the entity and their associates 6.1 Aggregate amount of payments to these parties included in item 1.2 77 6.2 Aggregate amount of cash flow from loans to these parties included in item 2.3 - 6.3 Include below any explanation necessary to understand the transactions included in items 6.1 and 6.2 Amount in item 6.1 is for directors’ fees paid during the quarter. Current quarter $A'000 7. Payments to related entities of the entity and their associates 7.1 Aggregate amount of payments to these parties included in item 1.2 - 7.2 Aggregate amount of cash flow from loans to these parties included in item 2.3 - 7.3 Include below any explanation necessary to understand the transactions included in items 7.1 and 7.2 + See chapter 19 for defined terms 1 September 2016 Page 3 Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report 8. Financing facilities available Add notes as necessary for an understanding of the position Total facility amount at quarter end $A’000 Amount drawn at quarter end $A’000 N/A N/A 8.1 Loan facilities 8.2 Credit standby arrangements 8.3 Other (please specify) 8.4 Include below a description of each facility above, including the lender, interest rate and whether it is secured or unsecured. If any additional facilities have been entered into or are proposed to be entered into after quarter end, include details of those facilities as well. 9. Estimated cash outflows for next quarter 9.1 Exploration and evaluation 9.2 Development - 9.3 Production - 9.4 Staff costs 220 9.5 Administration and corporate costs 150 9.6 Other (provide details if material) - 9.7 Total estimated cash outflows 470 10. Changes in tenements (items 2.1(b) and 2.2(b) above) 10.1 Interests in mining tenements and petroleum tenements lapsed, relinquished or reduced 10.2 Interests in mining tenements and petroleum tenements acquired or increased Tenement reference and location $A’000 100 Nature of interest Interest at beginning of quarter Interest at end of quarter Compliance statement 1 This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A. 2 This statement gives a true and fair view of the matters disclosed. On behalf of the Board Duncan Cornish Company Secretary 30 April 2018 + See chapter 19 for defined terms 1 September 2016 Page 4 Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report Notes 1. The quarterly report provides a basis for informing the market how the entity’s activities have been financed for the past quarter and the effect on its cash position. An entity that wishes to disclose additional information is encouraged to do so, in a note or notes included in or attached to this report. 2. If this quarterly report has been prepared in accordance with Australian Accounting Standards, the definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report. If this quarterly report has been prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standards apply to this report. 3. Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities, depending on the accounting policy of the entity. + See chapter 19 for defined terms 1 September 2016 Page 5