Slide 1: Elevra Lithium
Elevra Lithium Providing a Secure and Reliable Supply of Lithium in North America S E P T E M B E R 2026 ASX:ELV • NASDAQ:ELVR
Slide 2: Introducing Elevra Lithium
Introducing Elevra Lithium Investment Highlights: ASX: ELV | NASDAQ: ELVR North America’s Leading Hard-Rock Lithium Producer #1 North American hard rock pure-play lithium producer Scale Combined lithium Ore Reserve Estimate of 105Mt @ 1.16% Li2O and M&I&I Mineral Resource estimate totalling 227Mt @
Slide 3: North America's Leading Lithium Producer
North America’s Leading Lithium Producer Li-FT Power A leading hard rock resource base in North America Attributable M+I+I Mineral Resource Estimate, Mt 1 295 Measured and Indicated Inferred 227 Largest Measured and Indicated resource base 141 128 91 89 51 33 15 15 Q2 Metals Elevra PMET Li-FT Albema
Slide 4: The Elevra Strategy
The Elevra Strategy Disciplined delivery remains central to our strategy 01 02 03 Optimise Existing Operations Develop Assets Following Integrate into the Supply Chain Expanded Resource Base Via Strategic Partnerships Focused on optimising production sustainably Deliver portfolio potential through t
Slide 5: Operational Performance
Operational Performance
Slide 6: NAL Operational Performance
NAL Operational Performance Resilient operating performance despite temporary mining constraints Maintaining operational NAL Global Recovery & Mill Utilisation Concentrate Produced & Unit Cost Sold consistency 100% 90 1100 94% 1,008 996 93% 92% • 198kt of spodumene concentrate 91% 90% 89% 80 1000 90
Slide 7: NAL Operational Performance
NAL Operational Performance Operational maturity provides a strong foundation for growth Proven operating platform TRIFR Per Million Work Hours1 Global Recovery and Mill Utilisation1,2 Concentrate Produced (kdmt)1,2 underpins NAL’s next phase of growth 28.6 91% 205 198 • Improving safety performance
Slide 8: Growth Projects
Growth Projects
Slide 9: Growth Projects
Growth Projects A unique North American investment opportunity with a cornerstone operating asset and strategic growth projects NAL Expansion Moblan Carolina (100%) (60%) (100%) Leading North American open pit mining High-grade, long-life project located close to Fully-integrated, strategically loca
Slide 10: NAL Expansion Transforms Elevra into a Larger, Lower Cost Producer
NAL Expansion Transforms Elevra into a Larger, Lower Cost Producer Expanded output and lower unit costs create a pathway to improved cash flow generation Average Annual NAL Production Capacity Long-term value creation Strengthens NAL’s position as a Average LOM SC5.4 (post expansion)1,2, kdmt Increa
Slide 11: Targeted Debottlenecking Unlocks Significant Production Growth at NAL
Targeted Debottlenecking Unlocks Significant Production Growth at NAL Staged NAL Expansion progressively increases production and lowers unit costs1 Debottlenecking steps Capital cost2 Uplift • Optimise the existing 4,500tpd circuit through targeted upgrades to milling, desliming, Stage 1 magnetic s
Slide 12: Parallel Execution Accelerates NAL's Path to Full Production
Parallel Execution Accelerates NAL’s Path to Full Production Engineering, capital deployment and construction are staged to accelerate delivery1 Stage 1 Stage 2 Stage 3 Permitting advances in parallel with project execution: Permitting • Stage 1: Operations within existing 4,500tpd milling permit •
Slide 13: Moblan
Moblan Mineral Resource and Ore Reserve growth creates opportunity to evaluate increased annual production Growing resource base creates 2024 Definitive Feasibility Study1 Moblan Mineral Resources and Ore Reserves1,2 an opportunity to unlock greater Key Outcomes Measured Indicated Inferred Proved Pr
Slide 14: Moblan
Moblan Well positioned to become Canada’s next spodumene producer with a funded pathway to FID Moblan development pathway1 Moblan Shaakichiuwaanaan2 Whabouchi3 Galaxy3 (Elevra 60% / IQ 40%) (PMET Resources) (Rio Tinto 54% / IQ 46%) (Rio Tinto) As part of the May 2026 Strategic Financing Mineral Meas
Slide 15: Carolina Lithium
Carolina Lithium A fully-integrated U.S. growth option advancing through permitting Fully-integrated, strategically located U.S. asset with the potential 2021 Definitive Feasibility Study1 to produce battery-grade lithium. Key Outcomes Fully integrated mine-to-chemical production • Designed as an in
Slide 16: Corporate
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Slide 17: FY26 Recap
FY26 Recap FY26 strengthened NAL’s operating platform, improved safety and operational resilience, and established the foundation for a fully funded expansion Financial TRIFR Corporate $202M REVENUE 6.93 PER MILLION HOURS WORKED Merger of Sayona and Piedmont Lithium completed UP 39% DOWN 67% Product
Slide 18: Experienced and Diverse Board and Management
Experienced and Diverse Board and Management Structured to support and enable Elevra’s growth Board of Directors Management Team Dawne Hickton Lucas Dow Chair Managing Director & CEO Lucas Dow Christian Cortes Sylvain Collard Managing Director & Chief Financial President Canada & CEO Officer Group C
Slide 19: Commercial Strategy – Target Portfolio
Commercial Strategy – Target Portfolio Transitioning from legacy arrangements to a diversified, market-linked and flexible sales portfolio as NAL volumes expand 01 Strategic Offtake Partnerships 02 Market-Based Framework Pricing 03 Commercial Flexibility ~3 core offtake customers Spot-linked pri
Slide 20: Lithium Market & Outlook
Lithium Market & Outlook
Slide 21: Uplift in Pricing with Strong Demand Outlook into 2030
Uplift in Pricing with Strong Demand Outlook into 2030 Elevra is positioned to capitalise on recent price appreciation; demand growth presents opportunity for development projects Spodumene Concentrate 6% Price Broker Outlook Global Lithium Demand US$/t, CIF China Spodumene Concentrate 6% Price, US$
Slide 22: FY27 Guidance
FY27 Guidance5 FY26 Actual FY27 Guidance 1 Additional Information Spodumene 198,000 – 210,000 • SC 5.2% product grade Concentrate 197,967 dmt dmt • 100% NAL production Production Spodumene 200,000 – 230,000 • SC 5.2% product grade Concentrate 181,494 dmt dmt • Volumes modestly front-weighted utilisi
Slide 23: Appendix
Appendix
Slide 24: Supporting Data
Supporting Data Combined Lithium Ore Reserve Totalling 105Mt1,2 Asset Source (ASX release) Reserve Category Tonnes (Mt) Li2O Grade (%) Cut-off Grade (%Li2O) Proved Ore Reserves 0.2 0.93 0.60 Elevra Lithium 2026 Annual Report North American Lithium 28 August 2026 Probable Ore Reserves 47.0 1.12 0.60
Slide 25: Supporting Data (continued)
Supporting Data (continued) A Leading Hard Rock Resource Base in North America Totalling 227Mt1 Measured Measured Indicated Indicated Total M+I M+I M+I Inclusive Inferred Inferred Asset Company Location Status Code Source Date (Mt) (% Li2O) (Mt) (%Li2O) (Mt) (%Li2O) of Reserves (Mt) (%Li2O) North Ca
Slide 26: Supporting Data
Supporting Data Uplift in Pricing with Strong Demand Outlook into 2030 Spodumene Concentrate Est. Global Lithium Demand Est. 2026 2027 2028 2029 2030 2026 2027 2028 2029 2030 6% Price (US$/t) Date (kt LCE) Date Broker 1 Jul-26 2,351 2,035 1,550 1,460 1,400 Broker 1 Jul-26 1,893 2,088 2,305 2,472 2,5
Slide 27: Elevra
ELEVRA