Announcement PDF Lithium Valley – Brazil Positioned for Growth in One of the Most Prospective Lithium Regions Globally CORPORATE PRESENTATION | JANUARY 2025 ASX : L1M LIGHTNINGMINERALS.COM.AU Important Notice and Legal Disclaimer 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. 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. 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. Certain information has not been included in this presentation although the reader may consider such information to be necessary to its decision as to whether to invest in the Company. The information contained in this presentation is of a general nature only. It has been sourced from publicly available information as well as non-public information. Neither the Company, nor any of its other advisors, has verified or conducted an independent appraisal of the information contained in this presentation (including forward-looking statements) and none of them is under any obligation to correct, update or revise this presentation or any information in it. Readers must rely on their own independent enquiries in respect of all information contained in this 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 forwardlooking statements in this presentation will actually occur and you are cautioned not to place undue reliance on those forward-looking statements. This presentation is not and should not be considered as an offer or invitation to apply for or purchase any securities in the Company. 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. ASX : L1M 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. 2 Capital Structure and Team $0.076 $7.8M $1.9M 103M 57M 46M Share Price (04 Feb 25) Market Cap Cash (31 Dec 2024) Shares on Issue Options Performance Rights Alex Biggs Craig Sharpe Jamie Day MANAGING DIRECTOR INTERIM NON-EXECUTIVE CHAIRMAN NON-EXECUTIVE DIRECTOR Mr Biggs is a Mining and Mechanical Engineer with over 20 years’ experience in the engineering and mining sectors. Mr Biggs is currently a Non-Executive Director at Metals Australia Ltd (ASX) and previously Managing Director of Critical Resources Ltd (ASX). He has held management and operational positions at Venturex Resources, Palisade Capital Corporation, Barrick Gold, and Principal level positions in consultancy and advisory capacities. ASX : L1M Mr Sharpe has over 25 years of experience across the finance sector in the Asia Pacific region. He is an experienced Company Director and Financial Advisor with a demonstrated history of working in the equity markets. Including over 25 years’ experience in the Australian stock market. Mr Sharpe is skilled in corporate governance, strategy, portfolio management and investments and is a MBA graduate of Monash University and a member of the Australian Institute of Company Directors. Mr Day is a qualified Geologist with over 30 years experience with a BSc (Hons) in Applied Geology and MSc in Mineral Exploration. Mr Day was Exploration Manager at Liontown Resources (ASX: LTR) where he led the team that discovered the Kathleen Valley project (156Mt @ 1.4% Li20) and Buldania project (15Mt @ 1.0% Li20). He led the team that discovered the Rosie and C2 nickel sulphide deposits for Independence Group (ASX: IGO) and played a key role in the delineation of >1 Million ounces of gold at the Moolart Well deposit. 3 Global Lithium Exploration Building Our Presence in the Top Lithium Regions Globally ASX : L1M Source: www.statista.com 4 Breaking the Rules A Contrarian Viewpoint to Success 2024 Strong asset base, execution of strategic plan and reliable team make L1M a strong investment case L1M seizes the downturn to secure strategic assets in Minas Gerais, Brazil—positioning for future growth 2022 Thriving Lithium markets in WA and Canada set the stage for an exciting IPO 2023 Lithium prices and sentiment declines ASX : L1M 5 We Believe in the Longevity of the Lithium Thematic. And Brazil Policy Driven Change Mass Adoption A substantial rise in critical minerals is needed to swiftly By 2035, more than half of new passenger vehicles sold deploy clean energy technologies as per global government worldwide will be electric – based only on existing policies policies to promote change Right Commodity Right Country Critical minerals demand to rise by as much as six times, Brazil is emerging as one of the world’s top Lithium producers but individual minerals led by Lithium to rise even faster ASX : L1M Source: S & P Global 6 Brazil: An Emerging Superpower Low-cost jurisdiction with a skilled workforce and a supportive government encouraging investment Strong infrastructure and economic stability. EU- Mercosur trade agreement signed in December 2024. $1.92 trillion (2022) → $2.33 trillion (2024, est.) 211M (2019) → 216.73M (2024, est.) Abundant mineral resources EV sales surge in H1 2024 ECONOMIC WORKFORCE MINING EMERGING MARKETS 10th largest GDP globally 79th GDP per capita globally Predominantly youthful workforce driving innovation and productivity Rich in mineral resources and geological diversity Leading in renewable energy, mining, and technology Largest GDP in Latin America Skilled on ground experience and discovery track records Established infrastructure and government support EV sales are surging, highlighting Brazil’s shift towards clean technology Member of BRICS Positioned for global demand and downstream industries ASX : L1M 7 Minas Gerais - Brazil Brazil’s Competitive Advantage Ordem e Progresso – Order and Progress Competitive Advantage Our Benefit Value Proposition and Acquisition Option deals allow for minimal risk with maximum upside Cost and Speed of Works Cost of Production Scale Potential Local IP ASX : L1M Get answers quickly - spending less time and money Future mine operations derisked – even at today’s prices Multiple world-class, tier-1 projects in region Huge head start for the company in building strong IP 8 Minas Gerais - Brazil Minas Gerais, Brazil A Lithium Powerhouse World’s fifth largest Lithium exporter in 2023 and growing with Lithium Valley being one of the world’s premier Lithium regions Minas Gerais government supporting investment and development through Invest Minas with MoU executed with Lightning Minerals in October 2024 Strong mining expertise throughout Minas Gerais with highly skilled mining and exploration personnel ASX : L1M 9 Minas Gerais - Brazil MOU with Brazilian Government Our Partner in Brazil Validation of the quality of Lightning Minerals’ assets, team and strategy Reinforces the Government’s commitment to Lithium exploration and the development of a sustainable battery materials sector in Brazil's Lithium Valley MOU will assist L1M with licensing, environmental approvals, and fostering connections to advance Esperança, Caraíbas and Canabrava Lithium projects Investments in Lithium production in Minas Gerais are projected to range from $3.9 billion to $5.8 billion by 2030 João Paulo Braga, CEO Invest Minas ASX : L1M Signing ceremony of MOU with Invest Minas in Perth. From L -R: João Paulo Braga (CEO- Invest Minas), Alex Biggs (MD- Lightning Minerals), Fernando Passalio (Secretary of State for Economic Development of Minas Gerais) 10 The Lithium Valley UNDER EXPLORED High Potential for New Discoveries: Substantial exploration potential in the Salinas Formation with clear indicators of Lithium mineralisation based on recent discoveries Phase 1 Exploration: Soil sampling and reconnaissance initiated in July 2024 has identified multiple targets for inaugural drilling campaign in Q1 2025 UNDER DEVELOPED Undervalued Lithium Projects: Opportunity to capitalise on high-potential assets at attractive prices during favourable market conditions for acquisitions De-risked Operations: Proven prospectivity in Minas Gerais with fast-tracked permitting and development processes Low-Cost Production: Existing producers in the region operate with low operating costs and fast development timelines UNDER DISCOVERED World-Class Lithium Hub: Minas Gerais, a globally strategic location, hosts two of the largest Lithium projects in the Americas Existing Workforce and Synergies: Team with experience in discoveries and operational expertise, supporting future development efforts Learning from Pioneers: Benefit from established regulatory strategies and industry expertise to navigate challenges efficiently ASX : L1M 11 Minas Gerais - Brazil Brazilian Pioneers: A Clear Path to Mining SGML LRS LRS SGML Discovery Discovery Maiden MRE Mining Pre-2017 JAN 2019 MAR 2022 MAY 2022 DEC 2022 DEC 2022 APR 2023 JAN 2025 Maiden MRE Discovery Maiden MRE Acquisition by PLS SGML LTH LTH LRS Sigma Lithium (NASDAQ: SGML) - Grota do Cirilo Project Current Resource: 108.9Mt @ 1.41% Li20 (94.3Mt @ 1.40% Li20 Measured and Indicated, 14.6Mt @ 1.37% Li20 Inferred) Pilbara Minerals(ASX: PLS) - Colina Project Current Resource: 70.3Mt @ 1.27% Li20 (1.73Mt @ 1.47% Li20 Measured, 39.29 Mt @ 1.36% Li20 Indicated, 29.26Mt @1.13% Li20 Inferred) Lithium Ionic (TSXV: LTH) - Bandeira Project Current Resource: 29.5Mt @ 1.37% Li20 (13.72 Mt @ 1.40% Li20 Measured + Indicated), 15.79Mt @ 1.34% Li20 Inferred) ASX : L1M 12 Minas Gerais - Brazil Esperança, Caraíbas and Canabrava Projects Multiple Emerging Drill Targets Location 4,400 Ha in the 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 discovery22 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 prospectivity26 6 Priority 1 geophysical targets24 Located in the prolific Salinas Formation – host to multiple Lithium deposits in region Work Programs Phase 1 soil sampling completed December 24 across all tenements – Multiple targets identified. Ongoing ground reconnaissance works to build IP of all tenements Phase 1 drilling at Esperança planned in Q1 2025. Phase 1 drilling planned at Caraíbas later in 202525 ASX : L1M 13 Minas Gerais - Brazil Esperança, Caraíbas and Canabrava Projects Moving Quickly in the Lithium Valley June 2024 Completion of acquisition of Bengal Mining and A$1.5M capital raise at A$0.07 July 2024 Start of soil sampling and ground reconnaissance works at Caraíbas and Canabrava August 2024 Acquisition of the Esperança project under exclusive option for 2 years October 2024 Lithium targets identified at Canabrava project (lithium in soil anomalism up to 113ppm Li) November 2024 Spodumene discovery at Esperança grading at 4.04% Li20 December 2024 Completion of soil sampling across all project areas in Brazil (lithium in soil anomalism up to 429ppm Li) January 2025 Final soil sampling results and drill planning at Esperança for Q1 ASX : L1M 14 Minas Gerais - Brazil Esperança, Caraíbas and Canabrava Targets Drilling to Begin Q1 2025 Esperança Project Caraíbas Project Canabrava Project Up to 2,000m planned (Initial targeting) Up to 1,500m planned (Initial targeting) Meters TBC (Planning underway) Target Target Target Spodumene discovery up to 4.04% Li2O (LIBS) with multiple pegmatite occurrences 2km NW-SE trend (West), Lithium in soil anomalism NW-SE trend, Lithium in soil anomalism up to up to 239ppm Li and 1.5km NW-SE trend (East), 113ppm Li with multiple pegmatite occurrences 26 Lithium in soil anomalism up to 429ppm Li (West) and up to 320 ppm Li trend (South-East) Start Date Start Date Start Date Q1 2025 Post Esperança drilling TBC ASX : L1M 15 Minas Gerais - Brazil Priority 1 Drill Targets at Esperança Spodumene Discovery - 4.04% Li2O Artisanal workings discovered during ground reconnaissance Significant spodumene discovered grading up to 4.04% Li2O (LIBS)22 Elongate spodumene crystals up to 50cm in length Phase 1 Drilling Q1 2025 Walk up drill targets ready for drilling in Q1 2025 Target definition drilling planned – up to 2,000m Pegmatite Outcrops Multiple outcropping pegmatites in surrounding area demonstrate potential Located within the Salinas Formation – host to other Lithium Resources in region ASX : L1M 16 Minas Gerais - Brazil Priority 2 Drill Targets at Caraíbas Peak Lithium in Soil up to 429ppm Lithium Peak assay results up to 239ppm Lithium23 (West) and 429ppm Lithium (East)26 Multiple assays >120ppm Lithium (Background levels are ~50ppm Lithium) Multiple flat laying pegmatite outcrops identified along trend 2km x 700m Lithium in Soil Anomaly (West) & 1.5km x 700m Lithium in Soil Anomaly (East) Potential large scale Lithium system identified Smaller 800m x 300m anomaly lies adjacent at south-east end of trend on Western side of tenement Eastern anomaly focused around historic artisanal mine Drill Program Preparation Further ground reconnaissance to map all outcropping pegmatites Plans for up to 1,500m in 2025 (post Esperança drilling) ASX : L1M 17 Minas Gerais - Brazil Priority 3 Drill Targets at Canabrava Positive Phase 1 Soil Sampling Peak assay results up to 320ppm Lithium (East) and 113ppm Lithium (West) Multiple assays >60ppm Lithium (Background levels are 4050ppm Lithium) Identification of multiple pegmatite outcrops Areas identified as a priority target area during initial reconnaissance works Key Indicators Demonstrate Prospectivity All indicators are key to further exploration and clear identifiers of Lithium prospectivity Further ground reconnaissance and infill sampling to be completed where appropriate for drill targeting Two highly prospective areas identified that host potential – all sampling only completed in residual soil cover (no sampling in transported cover) ASX : L1M 18 Western Australia - Australia Western Australia The World’s Number One Lithium Producer Represented 47% of the world’s Lithium supply in 2023 Team experienced in Lithium exploration within Australia Well-developed Lithium expertise, infrastructure and project development skillsets ASX : L1M 19 Western Australia - Australia Dundas Projects Two Project Areas Located in the emerging Lithium super province in Western Australia, close to major Resource projects and infrastructure Location Northern tenements 30km east of Bald Hill (58Mt at 0.94% Li2O). Southern tenements surround Liontown Resources (ASX: LTR) Buldania project: 15Mt at 1.0% Li2O9 Strong Early-Stage Results Phase 1 of drilling on E63/2001 and E63/2000 were completed with multiple geophysical and Lithium in soil anomalism up to 218ppm1,2,3,4,7,8, 10, 12, 14, 15 In May 2024 results demonstrated a continuation of strong Lithium and rubidium occurrences - up to 994ppm Lithium and 1,834 ppm rubidium at depths of up to 26m18 Phase 2 Exploration Underway Further drill target identification and infill soil sampling planned, and subsequent drill programs once more discreet targets delineated. Results have defined three follow-up targets with elevated Lithium and associated pathfinder elements ASX : L1M 20 Western Australia - Australia Dundas Results and Further Drill Target Generation E63/2001 E63/2000 Initial exploration work identified 28 geophysical targets May 2024 drilling results on E63/2000 demonstrated a continuation of Lithium and rubidium occurrences - up to 994ppm Lithium and 1,834 ppm rubidium at depths of up to 26m18 Multiple pegmatite intersections with deeper drilling to test potential at E63/2001 pegmatites7, 8 Southern tenements surround Liontown Resources (ASX: LTR) Buldania Lithium project ASX : L1M 21 Quebec - Canada Quebec, Canada A Battery Minerals Hub Over 300Mt+ Lithium Resources at high Li2O grades recently defined Team experienced in Canadian exploration, discovery and project growth Strategic location as a North American battery minerals hub ASX : L1M 22 Quebec - Canada Dalmas and Hiver Projects Size 69km2 Location 150km east of Patriot Battery Minerals' Corvette Lithium project (ASX:PMT and 45km east of Winsome Resources' Adina Lithium project (ASX: WR1) Targets 165 multispectral targets with 7 discrete clustered areas of interest. Previously mapped outcropping pegmatite lithologies occur at 1 of 3 priority areas5,6 ASX : L1M Plans Phase 1 reconnaissance works complete in November 2023 – broad understanding of underlying geology to be further followed up with multiple pegmatites identified11, 13, 16 Transactional Environment Rio Tinto’s (ASX: RIO) acquisition of Arcadium Lithium (ASX: LTM) represents a positive move into Quebec and potentially accelerates project development timelines 23 Timeline of Work CANADA AUSTRALIA BRAZIL Q1 25 Q2 25 Q3 25 Q4 25 Phase 1 drilling at Esperança Drill target generation Assays from Caraíbas drilling Assays from Canabrava drilling Thesis development Phase 1 drilling at Caraíbas Drill target planning and generation Further Definition drilling Drill target planning and generation Potential Phase 2 drilling at Esperança Potential Canabrava Phase 1 drilling Ground reconnaissance Assays from Esperança drilling Potential Resource drilling (depending on discovery) Potential Resource drilling (depending on discovery) New target generation Assays Dundas North infill soil sampling Drill planning Dundas North Potential drilling Dundas North Assays Dundas North drilling Assays Dundas South infill soil sampling Dundas South thesis and Phase 2 strategy Potential drilling Dundas South Assays Dundas South drilling Dundas North thesis development Assays from drilling Data review and thesis development Data review and thesis development 2025 summer season ground works Results from field sampling Planning of 2025 summer season works Planning of 2025 summer season works Sampling and target identification Phase 2 ground works planning ASX : L1M 24 Invest in Lightning Strong Asset Base Driving Growth PROBLEM Low Lithium prices and increasing EV demand. Major discoveries require time, trust, and a competitive edge SOLUTION Closing the gap with tier-1 Lithium assets, proven regions, and a team you can trust to deliver RELEVANCE Lithium powers the energy transition. Invest now in an emerging leader ready to drive growth in a market shaping the future ASX : L1M WORLD-CLASS ASSETS Proven regions in Brazil, Australia, and Canada, near key projects and discoveries offering stability and optionality PROVEN RESULTS Proven track record of delivering milestones on time and within budget, consistently meeting expectations and delivering on our commitments MOTIVATED TEAM Trusted local and global team committed to growth and success 25 For more information contact Alex Biggs Managing Director alex@lightningminerals.com.au Authorised by the Board of Directors ASX : L1M LIGHTNINGMINERALS.COM.AU Appendices ASX : L1M Appendix 1 – Other Projects Mailman Hill • • • Au 120km2 Gold • (E37/1408) • • • Mt Bartle 396km 2 (E53/2151, E53/2147 and E53/2159) Cu Zn Pb Copper Zinc Lead • • • ASX : L1M 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' (ASX: CVR) Crawford gold project Auger soil sampling completed August 2024 Deeper drilling potential being evaluated 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 Downs styles polymetallic mineralisation and Witwatersrand type gold deposits Some anomalous targets and soil sampling 28 Appendix 2a - Esperança Project Images Preliminary outcrop mapping at the Esperança Project22 ASX : L1M Blacklight (UV 365nm) analysis of VLM207 weathered Spodumene crystals22 29 Appendix 2b – Caraíbas and Canabrava Project Images A Photograph of sample VLR1269 showing lepidolite minerals within pegmatite sample ASX : L1M B Photograph of sample BLR237 showing lepidolite minerals within pegmatite sample (Assay: 0.53% Li2O) C Photographic example of workings located within the larger Caraíbas tenement area (805118mE, 8193908mN) Three rock chip samples were taken from the site with peak assay results of 0.53% Li2O, 1,245 ppm tantalum, 1,175 ppm rubidium and 1,455 ppm caesium 30 Appendix 3 - Lithium in Soil Results Dundas Dundas South (E63/2000) ASX : L1M Dundas North (E28/3027 and E28/3028) 31 Appendix 4 – Dalmas and Hiver Pegmatites Pegmatite containing potential beryl (±Apatite?) mineral within Dalmas Project (Pen lid for scale, 316859mE, 5943604mN, WGS 84/UTMZ19N)16 ASX : L1M Quartz Feldspathic pegmatite sample taken from Hiver project (302519mE, 5995547mN, WGS 84/UTMZ19N)16 32 Appendix 5 – Relevant Announcements 1ASX announcement 09 February 2023 - Geophysical Interpretation Identifies 28 Target Areas 14ASX announcement 24 January 2024 – Drilling begins on high priority Lithium targets at Dundas 2ASX announcement 23 March 2023 - Lithium Soil Anomaly Identified at Dundas South Project 15ASX announcement 09 February 2024 – Aircore drill program complete at Dundas 3ASX announcement 23 January 2023 - Soil Sampling Identifies Lithium-Rubidium Anomalism 16ASX announcement 23 February 2024 – Exploration update for Dalmas and Hiver projects 4ASX announcement 01 May 2023 - Further Lithium Anomalism Identified at Dundas Project 17 ASX Announcement 22 April 2024 – Proposed Brazilian Lithium Project Acquisition 5ASX announcement 11 August 2023 - Binding LOI Signed for James Bay Lithium Projects 18 ASX Announcement 13 May 2024 - Strong Lithium Anomalism Continues at Dundas Project 6ASX announcement 30 August 2023 - Multiple Targets Identified at James Bay Lithium Projects 19ASX Announcement 19 June 2024 - Completion of Acquisition of Bengal Mining 7ASX announcement 01 September 2023 - Further Pegmatite Intersections at Dundas 20ASX Announcement 14 August 2024 – Lightning Expands Lithium Potential in Brazil 8ASX announcement 29 September 2023 - Exploration Update for the Dundas Project 21ASX Announcement 14 August 2024 – Lithium Targets Defined in Brazil 9 ASX Announcement Liontown Resources (ASX: LTR) - Drilling Results Confirm Growth Potential at Buldania 22ASX Announcement 18 November 2024 - Spodumene Discovery Yields LIBS Results up to 4.04% Li O 2 10ASX announcement 09 October 2023 - Infill Soil Sampling Complete on Lithium Targets at Dundas 23ASX Announcement 02 December 2024 - Soil Assays in Brazil up to 239ppm Lithium 11ASX announcement 17 October 2023 - Exploration works begin on Dalmas and Hiver Lithium Projects 24ASX Announcement 21 November 2024 - Geophysics Targets Identified at Brazilian Lithium Projects 12ASX announcement 30 October 2023 - Soil sampling confirms more than 100ppm Lithium drill target 25ASX Announcement 17 December 2024 - Strong Lithium Drill Targets Defined for Q1 2025 in Brazil 13ASX announcement 03 November 2023 – Exploration Update for Dalmas and Hiver Lithium Projects 26ASX Announcement 17 January 2025 - Spodumene Confirmed & Strong Lithium Soil Results in Brazil The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements, and that all material assumptions and technical parameters have not materially changed. The Company also confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcements ASX : L1M 33