Announcement PDF ASX : L1M ADVANCED EXPLORATION IN AUSTRALIA GOLD AND COPPER TODAY. LITHIUM TOMORROW ASX:L1M lightningminerals.com.au Au Gold Cu Copper Li Lithium November 2025 ASX : L1M Important Notice and Legal Disclaimer No representation or warranty, express or implied, is given as to the fairness, accuracy, completeness, correctness, reliability or adequacy of any statements, estimates, opinions or other information, or the reasonableness of any assumption or other statement contained in this presentation (any of which may change without notice), or the likelihood of achievement or reasonableness of forward-looking or prospective statements (if any) contained in the presentation. Forward-looking or prospective statements (which may be identified by words such as ‘may’, ‘could’, ‘believes’, ‘estimates’, ‘targets’, ‘expects’, or ‘intends’ and other similar words) are by their nature subject to significant uncertainties, risks and contingencies. The forward-looking or prospective statements in this presentation have been based on current expectations about future events and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from the expectations described. In particular, the Company notes that it is at an early stage of development. While the Company considers that the expectations and plans reflected in this presentation are reasonable on the basis of the experience of the key management personnel of the Company, independent third-party information and the work done to date, neither the Company nor any other person gives any representation, assurance or guarantee that the occurrence of the events expressed or implied in any forward- looking statements in this presentation will actually occur and you are cautioned not to place undue reliance on those forward-looking statements. An investment in the Company is subject to risk factors that may have a material adverse effect on the Company’s future operating and financial performance. “Risk” refers both to the variability and volatility of an investment return (the possibility of a fluctuation or decrease in the amount of income generated, or a lower-than-expected rate of return) and the likelihood of incurring a loss on your investment (the possibility that you will lose some or the entire initial amount invested). To the maximum extent permitted by law, the Company and its professional advisors and their related bodies corporate, affiliates and each of their respective directors, officers, partners, employees, advisers and agents and any other person involved in the preparation of this presentation disclaim all liability and responsibility for any direct or indirect loss or damage which may arise or be suffered through use of or reliance on anything contained in, or omitted from, this presentation. Neither the Company nor its advisors have any responsibility or obligation to update this presentation or inform the reader of any matter arising or coming to their notice after the date of this presentation document which may affect any matter referred to in the presentation. This presentation has been prepared by Lightning Minerals Ltd ACN 656 005 122 (‘Company’) to provide readers with background information only to obtain a general understanding of the Company’s plans and objectives in the context of its proposed commercial activities. This presentation is to be treated as confidential information. The recipient of this presentation must not copy, reproduce or distribute it to any person, other than where expressly agreed with the Company. This presentation does not purport to contain all information readers may require or consider material in respect of evaluating any potential investment in the Company. 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No agreement to subscribe for the securities of the Company will be entered into on the basis of this presentation. This presentation is not a prospectus or other disclosure document under the Corporations Act 2001 (Cth) and does not contain all of the information a prospective investor may reasonably require making an investment decision. This presentation contains summary information and does not take into account the investment objectives, financial situation and particular needs of an individual investor. Before participating in any transaction with the Company, readers should consider the appropriateness of the information having regard to their own objectives, financial situation and needs, and seek legal, taxation and financial advice appropriate to their jurisdiction and circumstances. This presentation is not financial product advice. The Company is not licensed to give and does not provide financial advice. Readers must not rely on this presentation, and it is assumed by the Company that readers are capable to make their own independent assessment and seek and rely upon their own independent taxation, legal, financial or other professional advice. Neither the Company, nor any of the Company’s directors, officers, employees and advisors, shall have any liability (whether arising from negligence or otherwise) for any representations or warranties (expressed or implied) or any information contained in, or any omissions from, this presentation (including forward-looking statements) or any written or oral communications transmitted to the reader in the course of its evaluation to participate in a potential transaction with the Company. 2 ASX : L1M Lightning Catalysts – Mt Turner Project Our Focus BROWNFIELDS GOLD AND BASE METALS – GROWING THE MT TURNER SYSTEM GOLD AND COPPER TODAY. LITHIUM TOMORROW Au Gold Cu Copper Li Lithium NEAR-TERM CATALYSTS – MT TURNER 100% of drill holes in first program intersected Precious and Base Metals (Completed October 25) Phase 2 drill planning underway across multiple Gold, Silver, Copper and Base Metal targets at Mt Turner STRATEGIC FIT AND MACRO TAILWINDS Diversified portfolio: Gold and Copper exposure in Australia with lithium strategy in Brazil Balanced growth strategy: Pursuing Gold and Copper catalysts in Australia, while maintaining lithium optionality Brazil lithium portfolio: Projects located in the prolific Lithium Valley region of Minas Gerais, Brazil Scalable projects: Australian gold and base metal projects demonstrate scale potential SIGNIFICANT GOLD SYSTEM DISCOVERED AT MT TURNER Confirmation of Gold and Base Metal mineralisation, strong thesis evolution and excellent target rich environment with presence of epithermal and orogenic Gold. 12km of known mineralisation along Drummer Fault. Recent drilling results include: - 20.4m @ 2.4g/t Au (from 63m) inc 1.9m @ 10.5g/t Au3 - Incl. 1.8m @ 10.6g/t Au and 27.1g/t Ag from 77m - 3.9m @ 3.6g/t Au and 8.8g/t Ag from 90m2 - Incl. 1.0m @ 10.7g/t Au and 17.4g/t Ag from 90m - 17.2m @ 6.2% Zn, 1.4% Pb and 10.3g/t Ag from 32m2 - Incl. 5.0m @ 11.6% Zn, 0.5% Pb and 12.4g/t Ag from 43.8m - Multiple target areas identified through rock chip and soil sampling with results up to 21.9g/t Au1 Gold: resilient and at record prices Copper: essential for electrification and renewable-energy build-out Lithium: demand increasing with global EV and storage rollout 3 ASX : L1M Brownfields Gold and Copper Opportunities DRILL READY TARGETS WITH SIGNIFICANT POTENTIAL IN QUEENSLAND AND NEW SOUTH WALES QUEENSLAND Two projects (Mt Turner and Warby Scardon) in the highly prospective Georgetown Inlier in the North Queensland Region covering 829km2 Strong results from Phase 1 drilling have confirmed the presence of a significant gold system and confirmed mineralisation over 12km Follow up drill planning underway across multiple high-priority, high-grade gold targets Previous mining along the 14km Drummer Fault demonstrates potential for a significant multi- commodity, Gold, Silver, Copper and Base Metals system. Accelerated exploration plan underway NEW SOUTH WALES Three projects covering 788km2 (Boree Creek, Burdett and Manildra) located in the prolific Lachlan Fold Belt between the Northparkes project (Evolution Mining (ASX: EVN)) and Cadia Valley projects (Newmont Mining (ASX: NEM)) and Waratah Minerals (ASX:WTM) Spur Gold project ~ 20km away Highly prospective for Cu-Au porphyry systems with historic drill results including 48m @ 0.35% Cu and 0.31g/ t Au from 96m (RC94DH06)1a Multi commodity exploration strategy with proven targets across multiple projects 4 ASX : L1M ASX : L1M Capital Structure and Team $0.043 Share Price (17 November 2025) $8.6M Market Cap (17 November 2025) $1.2M Cash (30 September 2025) 199M Shares on Issue (30 September 2025) 72M Options (30 September 2025) 46M Performance Rights (30 September 2025) EXPERIENCE +25 years’ in engineering and mining sectors. Graduate of the Western Australian School of Mines (BEng Hos Mining Engineering) Non-Executive Director of Metals Australia Ltd (ASX: MLS) PREVIOUS ROLES Managing Director of Critical Resources Ltd (ASX: CRR). Venturex Resources, Palisade Capital Corporation, Barrick Gold, and Principal level positions in consultancy, finance and advisory capacities. EXPERIENCE +25 years’ experience in the finance sector across the Asia Pacific region, with deep expertise in equity markets, corporate governance, and portfolio management. Non-Executive Chairman of Mithril Silver and Gold Ltd (ASX: MTH), Financial/Investment Advisor Bell Potter PREVIOUS ROLES Extensive experience in the Australian stock market and a demonstrated history of managing complex investments. MBA graduate from Monash University and member of the Australian Institute of Company Directors. Alex Biggs MANAGING DIRECTOR Craig Sharpe NON-EXECUTIVE DIRECTOR Jamie Day NON-EXECUTIVE DIRECTOR EXPERIENCE +30 years’ experience as a Geologist, holding a BSc (Hons) in Applied Geology and MSc in Mineral Exploration. Non-Executive Director with a focus on mineral exploration and project development PREVIOUS ROLES Exploration Manager at Liontown Resources Ltd (ASX: LTR), where he led the discovery of the Kathleen Valley project (156Mt @ 1.4% Li₂O) and Buldania project (15Mt @ 1.0% Li₂O). Independence Group (ASX: IGO) and contributed to defining >1Moz of gold at the Moolart Well deposit. 5 EXPERIENCE +35 years’ experience as a corporate lawyer and company director, specialising in business, commercial, and corporate law Managing Director of Bowen Buchbinder Vilensky Legal, Non-Executive Chairman of Core Energy Minerals Ltd (ASX: CR3), Chairman of ESG Minerals Ltd (Unlisted) PREVIOUS ROLES Chairman Latin Resources Ltd (ASX: LRS), overseeing its A$560M sale to Pilbara Minerals Ltd (ASX: PLS). ESG Minerals Ltd, Zambezi Resources Ltd (ASX: ZRL) and Vonex Ltd (ASX: VN8) David Vilensky NON-EXECUTIVE CHAIRMAN ASX : L1M • Location: Western Georgetown Inlier (Etheridge Goldfield), Far North Queensland • Mining history: Six shallow oxide pits mined in the 1990s along the Drummer Fault • Scale: Drummer Fault is a Gold-bearing structural corridor with ~14 km of strike and 12km of known mineralisation • Geology: Porphyry system with discrete Gold, Copper and Base Metal zones • Recent work: First-pass drilling completed, multiple high-grade intercepts validate the targeting strategy – 100% of holes intersected significant mineralisation • Targeting: Comprehensive rock and soil sampling campaign has yielded multiple targets • Planned works Q1 2026: Phase 2 drilling in planning stage – define further gold occurrences along Drummer Fault and test porphyry system for copper 6 Mt Turner Gold, Copper and Base Metals TARGET RICH ENVIRONMENT WITH GRADE AND SCALE ASX : L1M High Grade Gold Intersected at Mt Turner SIGNIFICANT GOLD MINERALISATION CONFIRMED - 20.4m @ 2.4g/t Au (from 63m) inc 1.9m @ 10.5g/t Au3 • High Success Rate: 9-hole inaugural program complete – 100% of holes intersected significant Precious and Base Metal mineralisation • Mineralisation confirmed: Near-surface orogenic and epithermal breccia hosted mineralisation, open at depth and along 14km Drummer Fault. • Follow-up drilling: Phase 2 drilling planned to test down-dip and along-strike extensions • Drummer Fault Potential: 14km strike with multiple historic open pits – 12km of known mineralisation • Potential Beyond Drummer Fault: Copper-Molybdenum porphyry potential adjacent to Gold trend provides district-scale upside in additional commodities • Target Rich Environment: Multiple targets along and adjacent to Drummer Fault 7 Epithermal breccia mineralisation (79.4m, Drill Hole 25L1MP3DD001)A AASX announcement 25 October 2025 Hole ID Prospect Hole Type Depth From Depth To Interval Au Ag Zn Pb (m) (m) (m) (g/t) (g/t) (%) (%) 25L1MP3DD001 Pit 3 (Drummer West) Diamond 62 82.4 20.4 2.4 14.3 Including 77 78.8 1.8 10.6 27.1 25L1MP5DD001 Pit 5 (Drummer Girl) Diamond 77.8 85.8 8 1.4 4.8 Including 83.9 85.8 1.8 5.4 16.3 25L1MP5DD002 Pit 5 (Drummer Girl) Diamond 67 68 1 7.2 10.4 - - 25L1MP5DD002 Pit 5 (Drummer Girl) Diamond 90 93 3 3.6 8.8 - - Including 90 91 1 10.7 17.4 - - 25L1MP5DD003 Pit 5 (Drummer Girl) Diamond 127 128 1 7.6 9.5 - - 25L1MCOBDD001 Cobar Diamond 32 49.15 17.2 0.1 10.3 5.5 0.5 Including 43.8 48.3 4.5 0.2 12.4 11.6 0.5 25L1MCOBDD002 Cobar Diamond 17.6 30 12.4 0 24.2 6.2 1.4 Including 22.65 25.07 2.4 0.1 75.2 15.3 4.1 25L1MP6DD001 Pit 6 (Rocky Reward) Diamond 65 67.8 2.8 1.2 2.8 Including 66.9 67.8 0.9 3.4 8.1 25L1MP6DD001 Pit 6 (Rocky Reward) Diamond 75 99.8 24.8 0.3 2.1 25L1MP6DD002 Pit 6 (Rocky Reward) Diamond 78 112 34 0.4 1.4 ASX : L1M High Grade Gold Intersected at Mt Turner SIGNIFICANT GOLD MINERALISATION CONFIRMED - 20.4m @ 2.4g/t Au (from 63m) inc 1.9m @ 10.5g/t Au3 8 Cross-section of Hole 25L1MP3DD001 and historic hole 21ISMP3RC001 (Drummer West - Pit 3) Cross-section and plan view of Hole 25L1MP5DD001 (Drummer Girl - Pit 5) Plans in Appendix 2a and Appendix 2b ASX : L1M High Grade Gold Intersected at Mt Turner GOLD MINERALISATION CONFIRMED PIT 5 (DRUMMER GIRL) AND PIT 6 (ROCKY REWARD)1,2 • Pit 5 (Drummer Girl) confirmed gold mineralisation • Located 800m west of Pit 3 (Drummer West) • Target for follow up drilling between Pit 3 and Pit 5 at depth • Epithermal Gold also discovered at Pit 5, key results: • 3.9m @ 3.6g/t Au and 8.8g/t Ag from 90m • Incl. 1.0m @ 10.7g/t Au and 17.4g/t Ag from 90m • 1.0m @ 7.2g/t Au and 10.4g/t Ag from 67m • Additional results at Pit 6 (Rocky Reward) demonstrate potential width of mineralisation. Key results: • Hole L1MP6DD001B • 34m @ 0.4g/t Au and 1.4 g/t Ag from 78m • Hole L1MP6DD002B • 2.8m @ 1.2g/t Au and 2.8g/t Ag from 65m • Incl. 0.9m @ 3.4g/t Au and 8.1g/t Ag from 66.9m • and 24.8m @ 0.3g/t Au and 2.1g/t Ag from 75m • Further drilling required at Rocky Reward to determine mineralised strike extent 9 B Cross sections and plans - Appendix 2c and Appendix 2d ASX : L1M Base Metal Potential at Mt Turner COBAR PROSPECT CONFIRMS EXPLORATION THESIS AND MULTI-COMMODITY POTENTIAL2 • High-grade zinc, lead and silver at Cobar prospect • Cobar prospect located 1km south of Mt Turner porphyry and mined during 19th century • Multiple small scale open pits striking north-south • 17m wide, high-grade Zinc-Lead-Silver mineralisation intersected during drilling in November 20252 10 Cobar Drill Core for Hole 25L1MCOBDD002 (27.1m downhole)C Hole 25L1MCOBDD001 (Cobar)2 o 17.2m @ 5.5% Zn, 0.5% Pb and 10.3g/t Ag from 32m, including o 4.5m @ 11.6% Zn, 0.5% Pb and 12.4g/t Ag from 43.8m Hole 25L1MCOBDD002 (Cobar)2 o 12.4m @ 6.2% Zn, 1.4% Pb, 24.2g/t Ag from 17.6m, including o 2.4m @ 15.3% Zn, 4.1% Pb and 75.2g/t Ag from 22.7m, and o 0.61m @ 19.7% Zn, 8.4% Pb and 150g/t Ag from 22.65m 19.7% Zn 150g/t Ag 8.4% Pb Up To • Further drilling planned to test exploration thesis around epithermal gold at Cobar prospect • Phase two drilling will target Mt Turner porphyry and test base metal zone at Cobar • Target generation underway in vicinity of Cobar deposit CASX announcement 10 November 2025 ASX : L1M Base Metal Potential at Mt Turner COBAR PROSPECT CONFIRMS EXPLORATION THESIS AND MULTI-COMMIDITY POTENTIAL2 11 Cross-section of Hole 25L1MCOBDD001 (Cobar) Cross-section of Hole 25L1MCOBDD002 (Cobar) Plans - Appendix 2b ASX : L1M Multiple Drill Targets Defined at Mt Turner SOIL AND ROCK CHIP SAMPLING AT MT TURNER HAS DEFINED MULTIPLE DRILL TARGETS • Peak rock chip assays up to 21.9g/t1 • Extension of known mineralisation 2.7km west of Pit 6 (Rocky Reward) • Multiple target areas confirmed for follow up reconnaissance drilling • Vectoring underway for drill targeting of new areas of interest • Utilisation of Arsenic (As) assays to identify areas of Gold mineralisation a key strategy • Additional areas of interest north and south of Drummer Fault under investigation where artisanal and historic mining has occurred • Phase 2 drill program to target existing areas where positive drill results achieved and new areas of interest along and north/south of Drummer Fault • Phase 2 drill program to begin Q1 2026 • Mt Turner is a target rich environment with potential scale 12 ASX : L1M Mt Turner Exploration Thesis EXPLORATION THESIS IDENTIFIES POTENTIAL FOR SCALE AND MULTI-COMMODITY SYSTEM • Drummer Fault • 14-kilometer structure, epithermal breccia hosted mineralisation confirmed by drilling in three widespread locations, anomalous soil geochemistry and magnetics confirm further zones highly likely • Cobar Line • Well defined 1-kilometer-long zone of 19th century historical workings with breccia hosted mesothermal system with Au- Ag epithermal overprint and overlying 20m wide supergene enriched zone confirmed by drilling up to 17.2m @ 5.5% Zn, 0.5% Pb and 10.3g/t Ag from 32m (Hole 25L1MCOBDD001)2 • Western Zone • 5-kilometer-long zone of outcropping breccia and quartz veining, early-stage target with no drilling. Rock chips up to 5.3g/t Au and 44g/t Ag (Sample 10635)1 • Red Hills Breccia • 1.5km2 gold in soil anomaly brecciated granite and sericite altered quartz eye porphyry. Rock chip samples up to 0.3g/t Au and 43g/t Ag (Sample 106122)1 provide targets for drill targeting 13 ASX : L1M Lachlan Fold Belt – Large Scale Copper Porphyry Potential SIGNIFICANT CU-AU INTERSECTIONS UP TO 48M @ 0.35% CU AND 0.31G/T AU INDICATES SCALE POTENTIAL5 Three Projects in the prolific Lachlan Fold Belt in New South Wales: Boree Creek/Dairy Hill, Burdett and Manildra Region is home to world-class epithermal Gold and porphyry Copper-Gold deposits, including: Cadia Valley (Newmont): 42Moz Au, 8.7Mt Cu2a, and Northparkes (Evolution): 2.5Moz Au, 2.3 Mt Cu3a Prior drilling undertaken by a CRA Exploration Rio Tinto Joint Venture at the Boree Creek Project including 48m @ 0.35% Cu and 0.31g/t Au (RC94DH06)1a Located within the Lachlan Traverse Zone (LTZ) of the Lachlan Fold Belt, approximately half-way between the world class Cadia Valley and Northparkes porphyry Copper-Gold mines and Waratah’s Spur gold project (22km to south-west) The LTZ is host to numerous porphyry, epithermal, skarn, orogenic Gold, Base Metal and precious metal mines and proven resources Clear exploration targets with potential scale 14 ASX : L1M Warby Scardon Project MULTIPLE ADDITIONAL HIGH PRIORITY GOLD, COPPER AND BASE METAL TARGETS The Warby-Scardon Gold project includes two tenements covering 627km2 The projects are prospective for Gold, Silver and Base Metals located in the prospective Warby and Scardon Caldera complexes of the Georgetown Inlier in North Queensland Region is considered underexplored with little modern exploration Target generation strategies include: Airborne and ground based radiometrics Aero-magnetics LiDAR Geochemical sampling and reconnaissance Historic data review Projects present excellent early-stage opportunity and located in proximity to the Mt Turner Gold and Mt Turner Copper Projects allowing shared exploration resources 15 ASX : L1M Lachlan Fold Belt – Corryong Project SIGNIFICANT COPPER AND GOLD POTENTIAL IN AN UNDER EXPLORED REGION Location: The Corryong Project is located in the Lachlan Fold Belt on the Victorian side of the NSW-Victoria border Licence: The project was granted in July 2025 (EL008345) Desktop reviews: Desktop reviews of available data suggest the licence may be host to Orogenic Gold, poly-metallic Skarn and Porphyry (+/- Mo, Au, Cu, Ag) mineralisation Targets: To focus on exploration analogues of Climax and Henderson Molybdenum mines in the USA 16 ASX : L1M Esperança, Caraíbas and Canabrava Projects MULTIPLE EMERGING DRILL TARGETS IN BRAZIL’S LITHIUM VALLEY11 Location 4,400 Ha in the prolific Eastern Brazilian Pegmatite Province “Lithium Valley” of Minas Gerais 20km south of Pilbara Minerals’ (ASX: PLS) Colina project (70.9Mt @ 1.25% Li2O) and north of Sigma Lithium’s (NASDAQ: SGML) Grota do Cirilo project (108.9Mt @ 1.41% Li2O) Positive Results and Indicators Spodumene discovery6,10 at Esperança grading 4.04% Li2O (LIBS) from artisanal workings including multiple outcropping pegmatites across all tenements Multiple high grade soil sampling results up to 429ppm Li indicates high prospectivity9,11 and 6 Priority 1 geophysical targets8 Work Programs Phase 1 soil sampling completed December 24 across all tenements – Multiple targets identified Phase 1 drilling at Esperança complete – vectoring underway to identify potential source of mineralisation 17 ASX : L1M ASX : L1M We Still Believe in the Longevity of the Lithium Thematic. And Brazil Policy Driven Change A substantial rise in critical minerals is needed to swiftly deploy clean energy technologies as per global government policies Mass Adoption By 2035, more than half of new passenger vehicles sold worldwide will be electric – based only on existing policies to promote change Right Commodity Critical minerals demand to rise by as much as six times, but individual minerals led by Lithium to rise even faster Right Country Brazil is emerging as one of the world’s top Lithium producers Source: S & P Global 18 TAKING A LONGER-TERM OUTLOOK ON LITHIUM LITHIUM TOMORROW Drill ready targets in the best lithium jurisdiction in the world, awaiting the right market conditions. ASX : L1M Esperança, Caraíbas and Canabrava Targets MULTIPLE HIGH PRIORITY DRILL TARGETS – TARGET GENERATION CONTINUES Esperança Project Maiden program completed (1,442m) Multiple pegmatite intersections up to 94m width4 Target Spodumene discovery up to 4.04% Li2O (LIBS) with multiple pegmatite occurrences6,10,14 Next Steps Target generation and potential follow up drilling Caraíbas Project Soil results support ongoing vectoring. Up to 1,500m planned (Initial targeting) Target 2km NW-SE trend (West), Lithium in soil anomalism up to 239ppm Li and 1.5km NW-SE trend (East), Lithium in soil anomalism up to 429ppm Li6,7,9 Next Steps Target generation and potential drilling Canabrava Project Soil results support ongoing target generation Target NW-SE trend, Lithium in soil anomalism up to 113ppm Li with multiple pegmatite occurrences (West) and up to 320 ppm Li trend (South-East) Next Steps Target generation and potential drilling 19 ASX : L1M Timeline of Work Ground reconnaissance Target generation at Caraíbas Thesis development at Canabrava Review of Dundas North Target generation Dundas North Thesis development Dalmas/Hiver (Canada) BRAZIL AUSTRALIA & Canada Potential field program Dalmas/Hiver (Canada) Further works at Dundas TBA Potential drilling Dundas North* Assays Dundas North Thesis development Dalmas/Hiver (Canada) Q3 26 Q4 26 Q2 26 Q1 26 Review of Dundas North Target generation Dundas North Thesis development Dalmas/Hiver (Canada 20 QLD & NSW Ground reconnaissance Target generation at Canabrava Sampling and mapping Potential drilling Caraíbas* Potential drilling Canabrava* Drill planning Canabrava Potential drilling Caraíbas* Potential drilling Canabrava* Target generation *dependent upon target generation, market sentiment and project priorities Mt Turner project drilling Mt Turner gold project target generation Mt Turner copper project drilling Lachlan Fold Belt target generation Mt Turner project drilling Mt Turner gold project target generation Mt Turner copper project drilling Target generation – All projects Mt Turner project target generation Lachlan Fold Belt drilling Target generation – All projects Thesis development – Mt Turner gold and copper projects Mt Turner project drilling Mt Turner gold project target generation Lachlan Fold Belt target generation and sampling Target generation – All projects ASX : L1M 21 PORTFOLIO SYNERGY NEAR-TERM & MEDIUM-TERM STRATEGY RELEVANCE Proven regions in Australia and Brazil near key projects and discoveries offering stability and optionality WORLD-CLASS ASSETS Proven track record of delivering milestones on time and within budget, consistently meeting expectations and delivering on our commitments. Catalysts for Mt Turner Gold and Copper are very real with strong initial results PROVEN RESULTS Trusted local and global team committed to growth and success MOTIVATED TEAM Invest in Lightning Strong Asset Base Driving Growth Major Resource definition opportunity at Mt Turner (Gold and Copper), Lithium optionality in Brazil Chance to benefit from the strong Gold and Copper markets in the near-term and the Lithium market in the medium-term Exploration of highly prospective, exciting assets in relevant commodities. Proactive, agile decision making that creates opportunity ASX : L1M ASX:L1M lightningminerals.com.au For more information contact Alex Biggs Managing Director alex@lightningminerals.com.au Li Lithium Au Gold Cu Copper Authorised by the Board of Directors ASX : L1M ASX : L1M Appendices ASX : L1M Appendix 1 – Mt Turner Significant Intersections SIGNIFICANT INTERSECTIONS OF GOLD AND BASE METALS 24 Hole ID Prospect Hole Type Depth From (m) Depth To (m) Interval (m) Au (g/t) Ag (g/t) Zn (%) Pb (%) 25L1MP3DD001 Pit 3 (Drummer West) Diamond 62 82.4 20.4 2.4 14.3 Including 77 78.8 1.8 10.6 27.1 25L1MP5DD001 Pit 5 (Drummer Girl) Diamond 77.8 85.8 8 1.4 4.8 Including 83.9 85.8 1.8 5.4 16.3 25L1MP5DD001 Pit 5 (Drummer Girl) Diamond 117 119 2 1.3 1.6 25L1MP5DD001 Pit 5 (Drummer Girl) Diamond 127 128.9 1.9 0.9 7.1 25L1MP5DD002 Pit 5 (Drummer Girl) Diamond 67 68 1 7.2 10.4 - - 25L1MP5DD002 Pit 5 (Drummer Girl) Diamond 90 93 3 3.6 8.8 - - Including 90 91 1 10.7 17.4 - - 25L1MP5DD003 Pit 5 (Drummer Girl) Diamond 98.8 101 2.2 1.9 5.3 - - 25L1MP5DD003 Pit 5 (Drummer Girl) Diamond 105 108 3 2.8 7.5 - - Including 105 106 1 6.3 17.2 - - 25L1MP5DD003 Pit 5 (Drummer Girl) Diamond 127 128 1 7.6 9.5 - - 25L1MCOBDD001 Cobar Diamond 32 49.15 17.15 0.1 10.3 5.5 0.5 Including 43.8 48.3 4.5 0.2 12.4 11.6 0.5 25L1MCOBDD002 Cobar Diamond 17.6 30 12.4 0 24.2 6.2 1.4 Including 22.65 25.07 2.42 0.1 75.2 15.3 4.1 25L1MP6DD001 Pit 6 (Rocky Reward) Diamond 65 67.8 2.8 1.2 2.8 Including 66.9 67.8 0.9 3.4 8.1 25L1MP6DD001 Pit 6 (Rocky Reward) Diamond 75 99.8 24.8 0.3 2.1 25L1MP6DD002 Pit 6 (Rocky Reward) Diamond 78 112 34 0.4 1.4 25L1MP6DD002 Pit 6 (Rocky Reward) Diamond 150.86 151.8 0.94 0.8 14 ASX : L1M Appendix 2a – Mt Turner Drill Plans DRUMMER WEST (PIT 3) AND DRUMMER GIRL (PIT 5) 25 Plan view of Hole 25L1MP3DD001 and historic hole 21ISMP3RC001 (Drummer West - Pit 3) Plan view of Hole 25L1MP5DD001 (Drummer Girl - Pit 5) ASX : L1M Appendix 2b – Mt Turner Drill Plans DRUMMER GIRL (PIT 5) AND COBAR 26 Plan view of Holes 25L1MP5DD001, 25L1MP5DD002 and 25L1MP5DD003 (Drummer Girl – Pit 5) Plan View of Hole 25L1MCOBDD001 and 25L1MCOBDD002 (Cobar) ASX : L1M Appendix 2c – Mt Turner Drill Plans ROCKY REWARD (PIT 6) 27 Cross-section of Hole 25L1MP6DD002 (Rocky Reward – Pit 6) Cross-section of Hole 25L1MP6DD001 (Rocky Reward – Pit 6) ASX : L1M Appendix 2d – Mt Turner Drill Plans ROCKY REWARD (PIT 6) 28 Plan view of Holes 25L1MP6DD001 and 25L1MP6DD002 (Rocky Reward– Pit 6) ASX : L1M Appendix 2e – Mt Turner Drill Plans MT TURNER DRILL PLAN – OCTOBER 2024 29 ASX : L1M Appendix 3 – Non-Core Assets 30 Mailman Hill Western Australia • Tenement centred 30km east-southeast of Leonora • Jindalee/Newmont JV drilling in 2003 • Drilling and sampling up to 2015 provided anomalous results • Directly south of Cavalier Resources' Crawford Gold project • Auger soil sampling completed August 2024 • Deeper drilling potential being evaluated Dundas Western Australia • Soil sampling across 454km2 with elevated lithium results • Located in proximity to Buldania lithium deposit (Liontown Resources) and Bald Hill lithium deposit (Mineral Resources) • Drilling has intersected pegmatites • No clear spodumene intersections • Evaluation of litho-geochemical data for further targeting strategies Dalmas and Hiver Canada • Ground reconnaissance program completed in 2024 • Located in the prolific northern Quebec lithium district, located to east of PMET Resources’ Shaakichiuwaanaan project • Multiple pegmatite outcrops • Further target generation and thesis generation underway Mt Bartle Western Australia • Tenements ~27 km west-northwest of Wiluna. Licence applications are currently pending • Exploration goes back to the late 1960s, mainly centred in and around the historic Wiluna gold mining centre • Exploration programs targeting Macarthur River, Zambian-type copper belt and Roxby