Pls Group Limited · ASX:PLS
Pls — Fastmarkets Lithium Supply and Battery Raw Materials Conference 2025
18 slides from Pls's conference presentation, Jun 24, 2025
Slide 1: The Lithium Paradox: Market Pain, Strategic Gain
24 June 2025 For personal use only The Lithium Paradox: Market Pain, Strategic Gain Fastmarkets Lithium Supply and Battery Raw Materials Conference 2025 ASX:PLS 1
Slide 2: Strategically diversified portfolio
Strategically diversified portfolio Measured investments provide diversification and optionality For personal use only Strategically positioned Exposure to established and ex-China supply chains with flexible operating platform - unallocated offtake 100% owned assets POSCO Pilbara Pilgangoora a tier
Slide 3: Lithium Market – Volatile and rapidly evolving
For personal use only Lithium Market – Volatile and rapidly evolving 3
Slide 4: Clean-tech momentum continues – fuelling lithium demand
Clean-tech momentum continues – fuelling lithium demand For personal use only EV sales 1 BESS sales 2023 to 20241 2023 to 20241 26% 51% growth growth Solar investment Clean energy 20252 investment 20252 US$450B US$2.2T 1. BMI / Rhomotion. EV and BESS sales - calendar year 2024 compared to calendar y
Slide 5: Robust demand outlook for lithium
Robust demand outlook for lithium Lithium demand continues to be robust. Pricing near cyclic-low and unsustainable to support industry For personal use only Growth in lithium battery demand by end-use 2035 (kt LCE)1 Spodumene concentrate pricing (US$/t CIF China)2 4,500 Forecast $7,000 4,000 $6,000
Slide 6: PLS Strategy – Leveraging the cycle
For personal use only PLS Strategy – Leveraging the cycle 6
Slide 7: Delivering our strategy in FY25
Delivering our strategy in FY25 For personal use only Operate Grow Chemicals Diversify ✓ 3.22 total recordable ✓ Completed P680 ✓ POSCO - PLS lithium ✓ Colina Project in injury frequency rate1 crushing and ore JV hydroxide plant Brazil acquired sorting facility progressed ramp up through the ✓ Disci
Slide 8: Pilgangoora resource upgraded
Pilgangoora resource upgraded Global lithium pegmatite Mineral Resources by grade and tonnage (bubble size represents Mineral Resource LCE). For personal use only 1.7% 1.5% Greenbushes Mt Holland Pilgangoora 2025 1.3% Goulamina Grade Li2O (%) Kathleen Valley 1.1% Wodgina Pilgangoora 2023 0.9% Explor
Slide 9: POSCO-Pilbara Lithium Solution (P-PLS)
POSCO-Pilbara Lithium Solution (P-PLS) Ramp up of lithium hydroxide facility progressing to plan For personal use only Joint venture with POSCO P-PLS is a joint venture between PLS and POSCO for a 43,000 tpa two train lithium hydroxide facility in Gwangyang, South Korea. Currently, PLS has an 18% eq
Slide 10: Lithium Industry – Volatile, dynamic and evolving
For personal use only Lithium Industry – Volatile, dynamic and evolving 10
Slide 11: Drivers shaping the industry
Drivers shaping the industry For personal use only Clean-tech growth Government Supply chain Cyclic market and improvements influences extremes • Technology • Incentives, • Geographically • Pricing lows improving rapidly, taxes and tariffs concentrated unsustainable offering lower-cost processing •
Slide 12: Lithium industry - challenges and opportunities
Lithium industry - challenges and opportunities For personal use only Challenge Opportunity Lithium market Volatile pricing cycles impact investment Mature market structures: Li Volatility and Disconnect between short-term pricing and spot & futures trading, standardised specs uncertainty long term
Slide 13: Contacts
Contacts For personal use only Investor Relations James Fuller Group Manager Investor Relations T: +61 (0) 488 093 763 James.Fuller@pls.com Media Michael Vaughan Fivemark Partners T: +61 (0) 422 602 720 13
Slide 14: Appendices
For personal use only Appendices 14
Slide 15: Important notices
Important notices This document has been prepared by Pilbara Minerals Limited (PLS or the Group) and is dated 24 June 2025. For personal use only Not an offer of securities This document is provided for informational purposes and does not constitute or contain an offer, invitation, solicitation or r
Slide 16: Important notices
Important notices Important Information regarding Mineral Resources, Ore Reserves For personal use only Information in this document regarding production targets and expansions in nameplate capacity of the Pilgangoora Operation in respect of the P850 and P1000 operating models and the P2000 expansio
Slide 17: Sources for slide chart
Sources for slide 8 chart For personal use only Total (M,I&I)3 Measured Indicated Inferred Date Tonnage Grade Tonnage Grade Tonnage Grade Tonnage Grade Company1 Project name Stage2 Announcement / report title (announced) (Mt) (% Li2O) (Mt) (% Li2O) (Mt) (% Li2O) (Mt) (% Li2O) Pilbara Minerals Limite
Slide 18: Sources for slide chart
Sources for slide 8 chart Total (M,I&I)3 Measured Indicated Inferred For personal use only Date Tonnage Grade Tonnage Grade Tonnage Grade Tonnage Grade Company1 Project name Stage2 Announcement / report title (announced) (Mt) (% Li2O) (Mt) (% Li2O) (Mt) (% Li2O) (Mt) (% Li2O) Proposed Merger & Equit
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