Patagonia Lithium Limited · ASX:PL3
Patagonia Lithium — Shareholder Meeting (May 2025)
21 slides from Patagonia Lithium's shareholder meeting presentation, May 28, 2025
Slide 1: Patagonia Lithium AGM Investor Presentation
For personal use only PATAGONIA LITHIUM MRE Insitu 717,000 t Li metal = 3,816,000 tonnes LCE ASX:PL3 28 May 2025 AGM Investor Presentation
Slide 2: Disclaimer
Disclaimer NATURE OF THIS DOCUMENT FORWARD LOOKING STATEMENTS This presentation has been prepared by Patagonia Lithium Limited (ACN 654 004 403) (Company). The information is Statements and material contained in this presentation, particularly those regarding possible or assumed future based on publ
Slide 3: Mineral Resource Estimate – 3.816mt LCE
MINERAL RESOURCE ESTIMATE – 3.816mt LCE LITHIUM PROJECT - FORMENTERA Formentera and Cilon concessions host a significant and world class resource of lithium • JORC inferred Mineral Resource Estimate (MRE) of 3.816 million tonnes of lithium carbonate equivalent (LCE) • Project has 200m deep high poro
Slide 4: Milestones 2025
LITHIUM PROJECT – FORMENTERA MILESTONES 2025 MILESTONES • Complete Mineral Resource Estimate Update Q2 2025 • DLE Pilot Plant approval submission Q2 2025 For personal use only • Drill 600m well at Cilon Q3 2025 • Potential for scoping study Formentera Q3 2025 • Production well planning subject to ap
Slide 5: World Class Lithium Project - Formentera Highlights
WORLD CLASS LITHIUM PROJECT - FORMENTERA HIGHLIGHTS MINERAL RESOURCE ESTIMATE • 3.8M TONNES LITHIUM CARBONATE EQUIVALENT INFERRED INSITU RESOURCE • 173,000 TONNES LCE SPECIFIC YIELD For personal use only • 15% POROSITY (BMR well 3) IN HIGH POROUS ZONE – the higher the porosity the more extractable l
Slide 6: Formentera Inferred Resource statement by WSP
Formentera Inferred Resource statement by WSP For personal use only Notes: 1. The average Specific gravity used was 1.10 gm/ml. Values as high as 1.19gm/ml were recorded, higher SG would increase the MRE 2. The porosity used outside of the high porosity zone is 4% which is a function of the density
Slide 7: Formentera lithium concentration
Formentera lithium concentration The high porosity zone lithium content is 469ppm Lithium For personal use only The thickness of the zone is approximately 200m but the MT geophysics shows it extends 500m The lithium average across all 34 samples is 279ppm SD=standard deviation, CV=coefficient of var
Slide 8: Exceptional Porosity – Jam 24-02, JAM 24-03
Exceptional Porosity – Jam 24-02, JAM 24-03 For personal use only JAM 24-02 shows 29% porosity and 538ppm Li at 300m JAM 24-03 shows 15% porosity and 499ppm Li at 360m
Slide 9: What does the Resource mean?
What does the Resource mean? Formentera project lithium carbonate projections: Contained lithium is 717,000 tonnes in-situ = 3.816million tonnes of lithium carbonate equivalent Lithium Carbonate price at 99.5% grade is US$8,756* (63,050CNY) per tonne (23 May 2025). For personal use only Assumption i
Slide 10: Capital Structure
Capital Structure Securities on Issue Fully Paid ordinary shares 119,410,360 Quoted PL3: Fully paid ordinary shares 119,410,360 Options and rights PL3O: Quoted Options ($0.30 15 Dec-25) 14,641,250 For personal use only (listed and unlisted) 29,811,154 Unquoted Market Capitalisation PL3AJ: Unquoted O
Slide 11: Assay Summary Formentera/Cilon Project
Assay Summary Formentera/Cilon Project Formentera lithium content ppm Drill Hole Depth 1 2 3 4 100-150 110 132 293 154 200-250 316 327 325 174 For personal use only 300-350 591 580 421 203 EOH metres 370 347 376 407 Summary of core test results from well two above At left is NMR survey for well 3 sh
Slide 12: Geophysics – outstanding low resistivity provides bullseye drill targets
Geophysics – outstanding low resistivity provides bullseye drill targets Extends to 1,000m+ depth below 3.0 ohm.m 500m depth For personal use only 1122 ppm Lithium sample The geophysics show two hot spot zones with a resistivity below 0.5 Ohm-m on each surveyed line where lithium brines are likely t
Slide 13: Formentera/Cilon Projects – preferred production well locations
Formentera/Cilon Projects – preferred production well locations • The Cilon Project includes a permit to drill 8 wells near the location where the surface sample was 1,120ppm lithium For personal use only • The next well on cilon will be Ekosolve drilled to 600m (location is Plant green dot on map).
Slide 14: Ekosolve Processing Results
Ekosolve Processing Results Lithium Carbonate Production at Pilot Plant Lithium Extraction Efficiency • Ekosolve Direct Lithium Extraction For personal use only (DLE) technology pilot plant test work at University of Melbourne achieves 92.1% lithium extraction efficiency from brines with average lit
Slide 15: MT Geophysics at Tomas III
MT Geophysics at Tomas III – low resistivity unit means conductor layer – lithium brines may be present in the aquifer – drilling is next step For personal use only The MT survey was able to penetrate down to 4000m And shows an anticline unit about 500m below the Surface, which has impacted the detr
Slide 16: Brazil Projects – Lithium, REE and Niobium
Brazil Projects – Lithium, REE and Niobium • Concessions covering 19,515.86 Has have been granted for three years in the Minas Gerais state. • The three key areas are a high priority target for rare earth elements For personal use only (REE) in ionic clays or pegmatites (lithium). • Rockchip, soils
Slide 17: Brazil Projects – REE and Niobium carbonatite deposit
Brazil Projects –REE and Niobium carbonatite deposit For personal use only The white areas on the figure on the right are the most probable to have been fenetized and concentrated rare earths Refer ASX announcement “Significant Geophysics REE Anomaly in Brazilian Application” dated 10 April 2024. 17
Slide 18: Board of Directors
Board of Directors - Strong leadership, technical and commercial experience For personal use only Rick Athon Pablo Tarantini Phil Thomas Non-Executive Director Non-Executive Director Executive Chairman • Pablo Tarantini was appointed 25 October 2024. • Phillip has more than 20 years’ experience • Ri
Slide 19: Formentera is a world class project being developed for production
Formentera is a world class project being developed for production – key features • SUBSTANTIAL LITHIUM RESOURCE WITH EXCELLENT GEOHYDROLOGY Lithium grades from 1,122ppm on surface to 580ppm at 376m with exceptional porosity derived from core and BMR surveys means high efficiency when extracting lit
Slide 20: Cross referenced announcements
Cross referenced announcements Sampling at Formentera and Cilon Assays 1,122ppm Lithium 2 June 2023 MT Geophysics Defines Significant Prospective Drill Targets 15 June 2023 Geophysics Generates Significant Prospective Drill Targets 4 July 2023 92% Lithium Extraction from Formentera Brines 12 Septemb
Slide 21: Patagonia Lithium contact
PATAGONIA LITHIUM For personal use only www.patagonialithium.com.au For further information please contact the authorising officer: Phillip Thomas Executive Chairman Patagonia Lithium Ltd M: +61 433 747 380 E: phil@patagonialithium.com.au Patagonia Lithium Ltd ACN 654 004 403 Level 6, 505 Little Col