FIRST LITHIUM LIMITED — Interim / Quarterly Report 2018

Aug 30, 2018

Appendix 4E

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Unaudited Preliminary final report

1. Details of reporting period

Name of entity	Ookami Limited
ABN	67 009 081 770
ReportingYear	Year ended 30 June 2018
Previous CorrespondingYear	Year ended 30 June 2017

2. Results for announcement to the market

Key information	12 months ended 30 June 2018 $	12 months ended 30 June 2017 $	Increase/ (decrease) %	Amount change $
Revenues from ordinaryactivities	107,475	94,796	13%	12,679
Loss from ordinary activities after tax attributable to members	(1,132,424)	(503,335)	125%	(629,089)
Net Loss for the period attributable to members	(1,132,424)	(503,335)	125%	(629,089)
Net tangible asset/(deficiency) per share	0.004	0.011	-	-

3. Consolidated statement of profit or loss and other comprehensive income

Refer to attached preliminary report.

4. Consolidated statement of financial position

Refer to attached preliminary report.

5. Consolidated statement of cash flows

Refer to attached preliminary report.

6. Consolidated statement of changes in equity

Refer to attached preliminary report.

7. Dividends/Distributions

No dividends declared in current or prior year.

8. Details of dividend reinvestment plans

N/A

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OOKAMI LIMITED ABN 67 009 081 770 APPENDIX 4E UNAUDITED PRELIMINARY FINANCIAL REPORT

9. Details of entities over which control has been gained or lost during the period

N/A

10. Details of associate and joint venture entities

N/A

11. Any other significant information needed by an investor to make an informed assessment of the Company’s financial performance and financial position

During the year Ookami Limited’s (‘Ookami’ or the ‘Company’) wholly owned Akela Platform continued to generate revenue and secure quality offerings for its retail and sophisticated (s708) investors, including offerings in Vector Resources Limited (ASX: VEC) and the prospectus capital raising for Jadar Lithium Limited (ASX: JDR) (formerly known as South East Asia Resources), with both offers closing oversubscribed. Akela secured an allocation in the prospectus capital raising for Raiden Resources Limited (ASX: RDN). In March 2018, Akela offered its clients the opportunity to participate in Rafaella Resources Ltd’s Initial Public Offering (IPO). In June 2018 Akela secured an allocation in the IPO for both Kleos Space SA and GeoCrystal Limited and looks forward to continuing to advance its revenue opportunities with further quality offerings planned for its subscribers.

As announced on 11 December 2017, Ookami entered into an agreement to acquire a strategic equity holding of 18.23% in award-winning blockchain company, BronTech Pty Ltd (Brontech), for A$933,240. Ookami shareholders approved the acquisition on 30 January 2018.

On 13 February 2018, Ookami signed a collaboration agreement with Australian founded digital asset exchange National Currency Exchange Group Limited (NCX).

12. Foreign entities

N/A

13. Commentary on results for period and explanatory information

Financial Review

The unaudited preliminary final report of Ookami and its controlled entity (the ‘Group’) has been prepared on a going concern basis, which contemplates the continuity of normal business activity and the realisation of assets and the settlement of liabilities in the ordinary course of business. The Group incurred a loss for the year of $1,132,424 (2017: $503,335 loss). The net assets of the Group have decreased from $3,157,449 at 30 June 2017 to $3,023,847 at 30 June 2018.

As at 30 June 2018, the Group's cash and cash equivalents balance decreased by $1,413,795 to a balance at 30 June 2018 of $1,250,423 and had working capital of $1,231,575 (2017: $2,588,532).

The Group’s cash flow forecast reflects that is has sufficient working capital to fund its mandatory obligations for a period of at least 12 months from the date of this report. The Directors are satisfied that the Group will be able to, if required, secure additional working capital via one or a combination of, placement of shares, options, conversions, rights issues or sale of certain assets. Accordingly, Directors consider it appropriate to prepare financial statements on a going concern basis.

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OOKAMI LIMITED ABN 67 009 081 770 APPENDIX 4E UNAUDITED PRELIMINARY FINANCIAL REPORT

14. Audit

This report is based on the annual report of the Group which is in the process of being audited.

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Non-Executive Chairman Faldi Ismail 31 August 2018

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OOKAMI LIMITED

ABN 67 009 081 770

APPENDIX 4E UNAUDITED PRELIMINARY FINANCIAL REPORT

PRELIMINARY CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2018

Note Revenue Other Income Director fees Insurance expense Software expense AFSL expense Professional fees Share based payment expense Share register expense Rent expense Travel expense Depreciation expense Amortisation expense Other expenses Gain on foreign exchange Loss before income tax Income tax expense Loss for the year Other comprehensive income: Other comprehensive loss for the year, net of tax Total comprehensive loss for the year Total comprehensive Loss and Loss attributable to: Members of the parent entity Basic loss per share (cents per share) Diluted loss per share (cents per share)	2018 2017 $ $ 107,475 94,796 10,823 19,511 (73,000) (72,000) (19,375) (25,025) (259,375) (297,957) (28,000) (15,571) (232,979) (106,867) (405,160) - (37,405) (32,711) (16,500) (19,500) (75,998) (18,470) (254) - (65,000) - (52,355) (29,541) 14,679 -
	(1,132,424) (503,335)
	- -
	(1,132,424) (503,335)
	- -
	(1,132,424) (503,335)
	(1,132,424) (503,335)
	(0.41) (0.20) (0.41) (0.20)

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OOKAMI LIMITED

ABN 67 009 081 770

APPENDIX 4E UNAUDITED PRELIMINARY FINANCIAL REPORT

PRELIMINARY CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30	PRELIMINARY CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30	PRELIMINARY CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30	JUNE 2018
	Note	2018	2017
		$	$
CURRENT ASSETS
Cash and cash equivalents		1,250,423	2,664,218
Trade and other receivables		56,274	1,911
Other assets		15,110	63
TOTAL CURRENT ASSETS		1,321,807	2,666,192
NON-CURRENT ASSETS
Financial assets		1,203,937	-
Intangible assets		585,000	568,917
Property, plant and equipment		3,336	-
TOTAL NON-CURRENT ASSETS		1,792,273	568,917
TOTAL ASSETS		3,114,080	3,235,109
CURRENT LIABILITIES
Trade and other payables		90,233	77,660
TOTAL CURRENT LIABILITIES		90,233	77,660
TOTAL LIABILITIES		90,233	77,660
NET ASSETS		3,023,847	3,157,449
SHAREHOLDERS’ EQUITY
Issued capital	2	27,142,569	25,537,263
Reserves		814,314	1,420,798
Accumulated losses		(24,933,036)	(23,800,612)
TOTAL SHAREHOLDERS’ EQUITY		3,023,847	3,157,449

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OOKAMI LIMITED ABN 67 009 081 770

APPENDIX 4E UNAUDITED PRELIMINARY FINANCIAL REPORT

PRELIMINARY CONSOLIDATED STATEMENT OF CHANGES IN EQUITY AS AT 30 JUNE 2018

Balance at 1 July 2016 Loss for the year Other comprehensive income Total comprehensive loss for the year Transactions with owners, recognised directly in equity Equity issued during the year Balance at 30 June 2017 Loss for the year Other comprehensive income Total comprehensive loss for the year Transactions with owners, recognised directly in equity Equity issued during the year Options exercised during the year Options issued during the year as part of a share based payment Conversion of performance rights Capital raising costs Balance at 30 June 2018	Issued Capital Reserves Accumulated Losses Total $ $ $ $ 25,537,263 1,420,798 (23,297,277) 3,660,784 - - (503,335) (503,335) - - - -
	- - (503,335) (503,335)
	- - - -
	25,537,263 1,420,798 (23,800,612) 3,157,449
	- - (1,132,424) (1,132,424) - - - -
	- - (1,132,424) (1,132,424)
	854,000 - - 854,000 166,052 (50,444) - 115,608 - 51,160 - 51,160 607,200 (607,200) - - (21,946) - - (21,946)
	27,142,569 814,314 (24,933,036) 3,023,847

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ABN 67 009 081 770

OOKAMI LIMITED

APPENDIX 4E UNAUDITED PRELIMINARY FINANCIAL REPORT

PRELIMINARY CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2018

Note CASH FLOWS FROM OPERATING ACTIVITIES Payments to suppliers and employees Payments for software platform Payments for website application Interest received Receipts from customers Net cash used in operating activities CASH FLOWS FROM INVESTING ACTIVITIES Payments for financial assets Payments for Plant and Equipment Net cash used in investing activities CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from issue of shares and options Capital raising costs Net cash provided by financing activities Net decrease in cash and cash equivalents Movement in foreign exchange Cash and cash equivalents at the beginning of the financial year Cash and cash equivalents at the end of the financial year	2018 2017 $ $ (540,599) (316,582) (264,225) (278,020) (81,083) - 10,823 19,511 60,475 97,481
	(814,609) (447,610)
	(1,189,258) - (3,590) -
	(1,192,848) -
	615,608 - (21,946) -
	593,662 -
	(1,413,795) (447,610) - - 2,664,218 3,141,828
	1,250,423 2,664,218

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OOKAMI LIMITED ABN 67 009 081 770 APPENDIX 4E UNAUDITED PRELIMINARY FINANCIAL REPORT

PRELIMINARY CONSOLIDATED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2018

NOTE 1: BASIS OF PREPARATION

The unaudited preliminary final report has been prepared in accordance with ASX listing rule 4.3A and the disclosure requirements of ASX Appendix 4E.

This unaudited preliminary final report has been prepared in accordance with Australian Accounting Standards (‘AASBs’) (including Australian interpretations) adopted by the Australian Accounting Standard Board (‘AASB’) and the Corporations Act 2001. The unaudited preliminary final report has been prepared on an accrual basis and are based on historical costs.

NOTE 2: ISSUED CAPITAL (a) Share Capital 311,739,459 (30 June 2017: 252,592,289) fully paid ordinary shares (b) Movements in fully paid Ordinary Capital Date Balance at beginning of the reporting period 1 July 2017 Issued Capital – Consideration for acquisition of Brontech 5 February 2018 Issued Capital – Options exercised 16 February 2018 Issued Capital – Conversion of performance rights 16 February 2018 Issued Capital – Placement to investors 19 March 2018 Issued Capital – Consideration for Collaboration agreement National Currency eXchange Group Limited 19 March 2018 Issued Capital – Consideration for services Dyamond Developments Pty Ltd 19 March 2018 Capital raising costs Balance at end of the reporting period 30 June 2018	2018 $ 2017 $
	26,838,569 25,537,263
	Number $
	252,592,289 25,537,263 1,315,789 50,000 4,520,270 166,052 36,000,000 607,200 11,111,111 500,000 5,000,000 250,000 1,200,000 54,000 (21,946)
	311,739,459 27,142,569

Ordinary shareholders are entitled to participate in dividends and the proceeds on winding up of the company in proportion to the number of and amounts paid on the shares held. Every ordinary shareholder present at a meeting in person or by proxy is entitled to one vote on a show of hands or by poll. Shares have no par value.

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