FIRST LITHIUM LIMITED — Interim / Quarterly Report 2016

Oct 27, 2016

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LIMITED
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ACN: 009 081 770

ASX ANNOUNCEMENT

28 OCTOBER 2016

ACTIVITIES REPORT FOR THE QUARTER ENDED 30 SEPTEMBER 2016

Highlights

• Akela’s platform launched with Dotz Nano Ltd (ASX: NFE) as its first offering

• Akela secured an allocation in Cre8tek (ASX:CR8) Capital Raising

Ookami Limited (ASX: OOK) provides the following update on the Company’s activities during the quarter ended 31 September 2016.

Akela Capital Pty Ltd

The Company’s wholly owned subsidiary, Akela Capital Pty Ltd (“Akela”) successfully ‘soft’ launched the Akela platform during the quarter.

Individuals and entities are now able to register on the platform to gain access to offerings, www.akela.vc

Graphene Quantum Dots technology company, Dotz Nano’s (ASX:NFE) was the first public offer via the platform. The Company was pleased to report that the launch was successful, with no major issues encountered, and that its allocation in the Dotz Nano’s public offer closed early and oversubscribed.

The development of the Akela platform is progressing on time and on budget, including:

• Mobile App User Interface design and specifications to be completed end of July 2016, with development to commence in August 2016.

• Desktop web application User Acceptance Testing is underway, with Beta testing expected to commence end of July 2016.

• Multi-tenant white label solution architecture and design well under way, with Development to commence on the launch of the current single tenant version .

• Discussions remain ongoing with strategic and prominent financial service providers and AFSL licence holders to participate in a closed ecosystem.

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As announced on 14 September 2016, the Company, via Akela, secured an allocation for its members in Cre8tek’s (ASX:CR8) capital raising for CR8’s proposed Flamingo acquisition.

Akela is the first acquisition for Ookami’s intellectual property portfolio of technology solutions. Expansion of the portfolio remains a key growth strategy for the Company, with a particular focus on Financial Services software, Workflow Management Solutions (WMS), Data Analytics, and Application & Communication software.

108 Outram Street, West Perth, WA 6005 PO Box 1974, West Perth, WA 6872 Tel: (08) 9486 7244 Fax: (08) 9463 6373

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LIMITED
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ACN: 009 081 770

Akela’s proprietary financial services software platform is a workflow management technology solution which provides Australian Financial Services Licence (AFSL) holders across multiple sectors with a streamlined total managed solution to the distribution of public and private offerings. Akela’s unique ‘Service Platform’ allows for intra-community cross selling, trade-off benefits and referral and marketing; and also provides for Peer to Peer (P2P) community, Business to Business (B2B), ‘Know Your Client’ (KYC), Compliance and Data Collection & Analytics capabilities.

Outlook

As per the Company’s acquisition and growth strategy outlined in the prospectus, the Company is currently evaluating a number of complementary business acquisitions that may have the potential to create additional shareholder value. The Company will update its shareholders as further information becomes available.

For further information, please contact: Shannon Coates Tel: (08) 9322 1587

108 Outram Street, West Perth, WA 6005 PO Box 1974, West Perth, WA 6872 Tel: (08) 9486 7244 Fax: (08) 9463 6373

Appendix 4C Quarterly report for entities subject to Listing Rule 4.7B

+Rule 4.7B

Appendix 4C

Quarterly report for entities subject to Listing Rule 4.7B

Introduced 31/03/00 Amended 30/09/01, 24/10/05, 17/12/10, 01/09/16

Name of entity

OOKAMI LIMITED(OOK)
ABN 67 009 081 770	Quarter ended (“current quarter”)
67 009 081 770	30 September 2016

Consolidated statement of cash flows	Current quarter $A’000	Year to date (3 months) $A’000
1. Cash flows from operating activities 1.1 Receipts from customers 1.2 Payments for (a) research and development -technology expense (b) business development and marketing (d) leased assets (e) staff and board remuneration (f) administration and corporate costs 1.3 Dividends received (see note 3) 1.4 Interest received 1.5 Interest and other costs of finance paid 1.6 Income taxes paid 1.7 Government grants and tax incentives 1.8 Other (provide details if material) 1.9 Net cash (used in) operating activities	- (48) - - (18) (60) - 7 - - - -	- (48) - - (18) (60) - 7 - - - -
	(119)	(119)
2. Cash flows from investing activities 2.1 Payments to acquire: (a) property, plant and equipment (b) businesses (see item 10) (c) investments (d) intellectual property (e) other non-current assets	- - - - -	- - - - -

• See chapter 19 for defined terms

1 September 2016

Page 1

Appendix 4C Quarterly report for entities subject to Listing Rule 4.7B

Consolidated statement of cash flows	Current quarter $A’000	Year to date (3 months) $A’000
2.2 Proceeds from disposal of: (a) property, plant and equipment (b) businesses (see item 10) (c) investments - shares (d) intellectual property (e) 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	- - - - - - - -	- - - - - - - -
	-	-
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 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 (used in) financing activities	- - - - - - - - -	- - - - - - - - -
	-	-
4. Net (decrease) in cash and cash equivalents for the period	(119)	(119)
4.1 Cash and cash equivalents at beginning of quarter/year to date 3,142 3,142 4.2 Net cash (used in) operating activities (item 1.9 above) (119) (119) 4.3 Net cash from / (used in) investing activities (item 2.6 above) - - 4.4 Net cash (used in) financing activities (item 3.10 above) - -

• See chapter 19 for defined terms 1 September 2016

Page 2

Appendix 4C Quarterly report for entities subject to Listing Rule 4.7B

4.5 Effect of movement in exchange rates on cash held 4.6 Cash and cash equivalents at end of quarter	-	-	-
	3,023	3,023
5. Reconciliation of cash and cash equivalents at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts	Current quarter $A’000		Previous quarter $A’000
5.1 Bank balances 5.2 Call deposits 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)	3,003 20 - -		3,041 20 - -
	3,023		3,061

6.	Payments to directors of the entity and their associates	Current quarter
		$A'000
6.1	Aggregate amount of payments to these parties included in item 1.2	33
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
Payment for non executive director fees and consultancy fees.

7.	Payments to related entities of the entity and their	Current quarter
	associates	$A'000
7.1	Aggregate amount of payments to these parties included in item 1.2	6
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
Payment for office rent for quarter

• See chapter 19 for defined terms 1 September 2016

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Appendix 4C Quarterly report for entities subject to Listing Rule 4.7B

	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 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.	Total facility amount at quarter end $A’000	Amount drawn at quarter end $A’000
		-	-
		-	-
		-	-

9. Estimated cash outflows for next quarter	$A’000
9.1 Research and development – technology expense 9.2 Product manufacturing and operating costs 9.3 Advertising and marketing 9.4 Leased assets 9.5 Staff and board remuneration 9.6 Administration and corporate costs 9.7 Other (provide details if material) 9.8 Total estimated cash outflows	51 - 9 - 33 15 -
	108

10. Acquisitions and disposals of business entities (items 2.1(b) and 2.2(b) above)	Acquisitions	Disposals
10.1 Name of entity	-	-
10.2 Place of incorporation or registration	-	-
10.3 Consideration for acquisition or disposal	-	-
10.4 Total net assets	-	-
10.5 Nature of business	-	-

• See chapter 19 for defined terms 1 September 2016

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Appendix 4C Quarterly report for entities subject to Listing Rule 4.7B

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.

28 October 2016 Sign here: ............................................................ Date: ............................................. ( ~~Director/~~ Company secretary)

Print name:

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 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 standard applies 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.

4. See chapter 19 for defined terms 1 September 2016

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