• Phase 1 drilling program completed at Burke and Mt Dromedary Graphite Deposits
• Graphitic schist encountered in all drill holes, with assay results expected in January
• Lithium Energy holds a world-class 4.42Mt inventory of high-grade natural graphite across three deposits

Lithium Energy Limited has completed the Phase 1 drilling program at its high-grade Burke Graphite Project in Queensland. The objective of the Phase 1 program was to provide information in areas of previous drilling gaps between the Burke and Mt Dromedary Graphite Deposits. A total of seven RC holes for 744m and two Diamond holes for 151m have been completed, with graphitic schist encountered in all drill holes. Samples from the first seven RC drill holes have been dispatched to the laboratory for assay, with results expected in January 2026. The Phase 2 drilling program will commence in early January 2026, with a total of 23 RC holes for approximately 2370m and 4 Diamond holes for approximately 240m to be completed. Lithium Energy currently holds a world-class combined 4.42Mt inventory of high-grade natural graphite across three graphite deposits in Queensland, with potential for resource expansion. The +14% TGC average grades of the adjacent Burke and Mt Dromedary Deposits are significantly higher than most global peers. The recent announcement of new Chinese export controls on graphite battery anode material highlights the need for graphite projects such as Burke to be developed as alternative suppliers of high-quality graphite-based battery anode material to global markets.

Lithium Energy is evaluating the development of a vertically integrated battery anode material (BAM) manufacturing business, utilizing high-grade graphite from its consolidated graphite deposits as feedstock material to a BAM facility in Queensland.