HispanicBusiness

PERTH, WESTERN AUSTRALIA -- (Marketwire) -- 02/14/13 -- (TSX: TLH) Talison Lithium Limited ("Talison" or the "Company"), today announced its results for the three months ended December 31, 2012 ("Second Quarter")(1).

HIGHLIGHTS

--  Revenue of A$43.1m, a 90% increase on the corresponding period in the    prior year ("q/q")--  EBITDA2 of A$14.9m, a A$9.5m or 177% q/q increase, and an EBITDA margin    of 35%--  Net profit of A$9.4m3, and basic EPS of 8.5 cents per share--  Average sales price for the second quarter was US$367 per tonne, a 19%    q/q increase----------------------------------------------------------------------------HIGHLIGHTS      Three Months ended                Six Months ended                Dec 31 (unaudited)              Dec 31 (unaudited)(in thousands A$, unless noted otherwise)         FY13      FY12   % Change      FY13       FY12 % Change----------------------------------------------------------------------------Sales Volume (tonnes lithium concentrate)    119,995  75,221(1)        60%  202,405  155,536(1)      30%Sales Price (Average US$/tonne)          367       310         19%      361        320       13%Revenue           43,128    22,686         90%   71,606     48,565       47%Cash Operating COGS ($/tonne lithium concentrate)        213       187         14%      209        197        6%EBITDA          14,935(2)    5,387        177% 23,362(3)    11,513      103%EBITDA Margin      35%(2)       24% +1,100bps     33%(3)        24% +900bpsNet Profit       9,400(2)    5,642         67% 14,886(3)     7,249      105%Basic EPS (cents/share)     8.5(2)      5.2         63%   13.4(3)       6.7      100%----------------------------------------------------------------------------Notes:(1) Approximately 38,000 tonnes lithium concentrate sales were delayed from    Q2 FY2012 into Q3 FY2012 due to unscheduled shutdowns at the Port of    Bunbury.(2) Excluding A$8.2 million in non-recurring acquisition advisory costs and    break fee.(3) Excluding A$9.4 million in non-recurring acquisition advisory costs and    break fee.

SECOND QUARTER RESULTS

Sales of lithium concentrate during the Second Quarter of 119,995 tonnes (approximately 18,000 tonnes lithium carbonate equivalent) represented a 60% increase over the corresponding period in the prior year. In the corresponding period in the prior year, approximately 38,000 tonnes of Talison's lithium concentrate sales were delayed from December 2011 to January 2012 due to unscheduled shutdowns at the Port of Bunbury. Had this delay not occurred, sales of lithium concentrate during the Second Quarter would have represented a 6% increase over the corresponding period in the prior year.

Revenue of A$43.1 million was generated in the quarter, a 90% increase over the corresponding period in the prior year.

EBITDA of A$14.9 million (excluding A$8.2 million in non-recurring acquisition advisory costs and break fee) increased A$9.5 million or 177% over the corresponding period in the prior year. Including acquisition advisory costs and break fee, EBITDA for the Second Quarter was A$6.7 million, a 25% increase over the corresponding period in the prior year.