Lake Resources N.l. · ASX:LKE
Lake Resources N.l — Investor Presentation (March 2025)
30 slides from Lake Resources N.l's investor presentation, Mar 17, 2025
Slide 1: Investor Presentation March 2025
For personal use only Investor Presentation March 2025
Slide 2: Disclaimer
Disclaimer General Statement and Cautionary Statement This presentation has been prepared by Lake Resources N.L. (Lake) for information purposes and not any particular party. The information in this presentation is based upon public information and internally developed data and reflects prevailing c
Slide 3: Key Investment Highlights
Key Investment Highlights 1 World Class 25ktpa Battery Grade Lithium Carbonate Project For personal use only Globally Significant 10.6Mt LCE Resource Facilitates Potential 2 Further Expansion 3 Proven Ion-Exchange DLE Technology Increases Process Efficiency, Allows for Greater Cost Effectiveness and
Slide 4: About Lake Resources
About Lake Resources Developing a Critical Global Asset in Argentina Globally significant lithium asset in a premier mining jurisdiction that holds For personal use only more than 50% of the world’s lithium reserves Strong commitment to responsible lithium development: Lake is using ion exchan
Slide 5: Kachi vs. Selected Lithium Carbonate Assets in Lithium Triangle
Kachi vs. Selected Lithium Carbonate Assets in Lithium Triangle Total Resources (Mt LCE) 15.1 For personal use only 11.1 10.6 6.6 6.0 4.9 1.9 1.8 Centenario Ratones Pozuelos-Pastos Asset Kachi2 Hombre Muerto West Cauchari5 Pastos Grandes Maricunga Laguna Verde (Phase 1 Only) Grandes Owner Annual Pro
Slide 6: Latest Developments in Argentina's Lithium Landscape
Latest Developments in Argentina’s Lithium Landscape Strengthening US–Argentina Relations President Javier Milei has sought to strengthen ties with the US, aiming to attract investments and secure financial aid from the International Monetary Fund (IMF) For personal use only Strengthened US-Arge
Slide 7: Lithium Market Outlook
For personal use only Lithium Market Outlook
Slide 8: Industry Faces Many Opportunities and Headwinds
Industry Faces Many Opportunities and Headwinds Despite many near-term industry headwinds, Lake Resources remains focused on enhancing Kachi’s economic competitiveness and extending its financial runway to protect shareholder value For personal use only Factors Implications DLE Commercial • Eramet’s
Slide 9: Long-term Demand Outlook is Unchanged
Long-term Demand Outlook is Unchanged Lithium demand is expected to roughly double every five years. The upward trend in lithium demand presents a compelling case for sustained investment For personal use only Lithium demand ‘000 LCE (Benchmark Lithium demand in ‘000 LCE Lithium demand in ‘000 LCE M
Slide 10: Market Undersupply Forecast
Market Undersupply Forecast in the Next 5 to 7 Years Lengthy lead times to develop new projects indicate lithium raw material deficits could emerge beginning in 2030 and extend to over 700Kt LCE by 2035 For personal use only Lithium Supply/Demand/Balance Lithium Supply/Demand/Balance Lithium Supply/
Slide 11: Lithium Could Be in Short Supply If No Further Projects Are Developed
Lithium Could Be in Short Supply If No Further Projects Are Developed In McKinsey’s 2030 base case scenario, lithium global supply could be ~7% short of demand For personal use only Lithium Demand and Supply by Country (LCE Mt) Key demand drivers: Increasing adoption of EVs (all battery chemistrie
Slide 12: Significant Capital Still Required to Ensure Future Supply
Significant Capital Still Required to Ensure Future Supply The lithium industry is estimated to need ~US$18B in annual CapEx between 2025 and 2030 For personal use only Estimated Lithium Capital Requirements Capital requirements for $404B lithium significantly Jun-2023 increased from prior Sep-202
Slide 13: Significant Increase in Lithium Price Needed to Support Expansion
Significant Increase in Lithium Price Needed to Support Expansion Lithium carbonate price forecasts have not materially changed in the last six months and current low prices could lead to future deficits For personal use only Battery Grade Lithium Carbonate Price Forecasts LT Incentive Prices Goldma
Slide 14: Market Activity Has Picked Up Since 2H 2024
Market Activity Has Picked Up Since 2H 2024 OFFTAKE AGREEMENTS Producer Offtake Partner Quantity Tenure Cash Investment • 100,000 tpa 5.5% spodumene For personal use only Q1 2025 • Patriot Battery Metals • Volkswagen concentrate • Binding, 10 year • ~$48M • ExxonMobil • LG Chem • 100,000 tpa Li2CO3
Slide 15: Lake Resources Comparative Valuation
Lake Resources Comparative Valuation Compared to peers, Lake Resources has the lowest valuation on a US$/ton LCE basis For personal use only Market Capitalization by Resource Size Comparison (US$/t) 120 Market value peer comparison for each company’s lithium Market Capitalization / Resource Size (
Slide 16: Kachi Overview
For personal use only Kachi Overview
Slide 17: Kachi – Operational Updates
Kachi – Operational Updates The Company remains committed to progressing project milestones and regulatory approvals while ensuring adherence to safety and environmental standards For personal use only Environmental & Permitting Progress The environmental remediation of the Kachi main camp is 90
Slide 18: Strategic Partnering & Capital Management Process Updates
Strategic Partnering & Capital Management Process Updates Active engagement with a wide array of Kachi counterparties continues The Company is continuing to engage with and actively conduct outreach to a wide array of potential strategic For personal use only partners to support the strategic deli
Slide 19: Kachi – Lake's Flagship Project
Kachi – Lake’s Flagship Project Kachi scale and expansion potential underpin its strategic attractiveness For personal use only Location Catamarca Province, Argentina Phase 1 DFS completed in December 2023 Project Stage Near “shovel ready” – EIA permitting in progress Products Battery Grade Lith
Slide 20: Sizeable Resource with Embedded Upside
Sizeable Resource with Embedded Upside Kachi M&I resource Resource expansion from June 2023 update1: estimate increased For personal use only ■ Measured resource has 250% since June 2023 increased from 2.2 to 3.0 million tonnes LCE 10.6 ■ Indicated resource has 8.1 increased from 0.72 to 4.3 million
Slide 21: Kachi Project Timeline
Kachi Project Timeline Initiated Strategic EIA Approval FID Targeting Partnering Obtained9 20259 For personal use only Process for Kachi2 Definitive Secure Strategic First Lithium Feasibility Study Partner and Kachi Environmental Impact Letter of Intent (LOI) Signed Sold Non-core Production Targetin
Slide 22: Key Takeaways
For personal use only Key Takeaways
Slide 23: Near Term Priorities
Near Term Priorities The critical near-term priorities of the Company are to: For personal use only Ensure Lake preserves its financial flexibility by continuing to right-size its cost structure and maintaining appropriate levels of liquidity Complete technical team’s review of DFS cost estimate
Slide 24: Why Invest in Lake Resources?
Why Invest in Lake Resources? Positioned to Endure Current Lake has taken strategic actions to preserve shareholder capital, extend financial For personal use only runway and pursue advancement of value-add initiatives Market Headwinds At current lithium prices, there may not be enough projects
Slide 25: Appendix A – Resources and Reserves
For personal use only Appendix A – Resources and Reserves
Slide 26: Mineral Resource Estimate Table
ibdroot\projects\IBD-NY\lupine2023\917532_1\02. Presentations\2025.01.xx - Lake Resources Teaser\Lake Resources - Teaser (Jan- Mineral Resource Estimate Table 2025)_v13.pptx Measured November 2023 (to 400 m depth) Inferred November 2023 Sediment Specific Brine Tonnes Sediment Specific Brine Tonnes 3
Slide 27: Reserve Statement
ibdroot\projects\IBD-NY\lupine2023\917532_1\02. Presentations\2025.01.xx - Lake Resources Teaser\Lake Resources - Teaser (Jan- Reserve Statement 2025)_v13.pptx Reserve Statement For personal use only Lithium LCE Average Lithium Reserve Category Years (Tonnes) (Tonnes) (mg/L) Proved 1 3,600 18,900 25
Slide 28: Project Comparison Information – Resources
ibdroot\projects\IBD-NY\lupine2023\917532_1\02. Presentations\2025.01.xx - Lake Resources Teaser\Lake Resources - Teaser (Jan- Project Comparison Information – Resources 2025)_v13.pptx Ownership Measured / Company Project (%) Status Source Indicated M&I Inferred LCE (Mt) For personal use only Centen
Slide 29: Valuation Comparison Information – Resources
ibdroot\projects\IBD-NY\lupine2023\917532_1\02. Presentations\2025.01.xx - Lake Resources Teaser\Lake Resources - Teaser (Jan- Valuation Comparison Information – Resources 2025)_v13.pptx Market Cap as Ownership of March 10, Measured / For personal use only Company Project (%) Status Source 2025 Indi
Slide 30: Thank You
For personal use only Thank You
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