Fulcrum Lithium Ltd. · ASX:FUL
Fulcrum Lithium — Investor Presentation (May 2026)
12 slides from Fulcrum Lithium's investor presentation, May 27, 2026
Slide 1: Market Update
ASX:FUL fulcrumlithium.com Market Update INVESTOR PRESENTATION I 27 MAY 2026
Slide 2: Disclaimer
Disclaimer fulcrumlithium.com Caution Regarding Forward Looking Information Competent Person’s Statements The information contained in this presentation or subsequently provided to any recipient of this The information in this Report that relates to Exploration Results is based on, and fairly repres
Slide 3: Fulcrum’s Investment Opportunity
Fulcrum’s Investment Opportunity Focused Strategically Geological Increasing Lithium Proven approach positioned endowment confidence resurgence record Fulcrum consistently Nevada is a Tier 1 A significant Confidence building Lithium price Board and delivering on objectives mining jurisdiction, disco
Slide 4: Global Lithium Market
Global Lithium Market Barrenjoey Research, 15 May 2026 “We believe demand looks incrementally more AF Phase 3 Drilling positive - battery production remains strong, driven by larger EV battery pack sizes and a robust ESS pipeline, with headline EV sales figures increasingly less relevant to the lith
Slide 5: 2026 Major Project and Operational Highlights
2026 Major Project and Operational Highlights Jan – Mar: Alkali Flats Phase 3 Drill Program confirms and extends Phase 2 discovery 34 RC holes and 5 diamond core holes – 5-fold increase in drilling data Grades: ~400 – 1,145ppm Li Thickness: >147.9m in AF3-E13, 4 holes >100m, 17 holes >70m Aerial Ext
Slide 6: Alkali Flats Phase 3 Results
Alkali Flats Phase 3 Results Phase 3 Drill program has materially de-risked Alkali Flats discovery Confirming highly continuous, thick mineralization over large aerial extent High density and confidence drill data (~600m) in the core of the deposit. Advanced from early-stage exploration into
Slide 7: Alkali Flats Phase 3 Results
Alkali Flats Phase 3 Results Remaining open in 3 of 4 directions and at depth in the core of the project. Grade increasing in SE direction towards shallowest intersections (<100m deep). Resource evaluation are now underway for upcoming maiden Mineral Resource Estimate (MRE). Refer ASX announce
Slide 8: Alkali Flats Metallurgy – Flexibility and lowest cost pathways
Alkali Flats Metallurgy – Flexibility and lowest cost pathways Alcohol Screening AF2-2 (Zone 2) AF2-5 (Zone 6) AF2-10 (Zone 8) Mass Reduction 12% 15% Positive early results: Carbonate Reduction Not Run 30% 10% Grade Increase 12% 11% Flexibility of extraction pathways: Sulfuric acid leach, roast
Slide 9: Alkali Flats Forward Plan – MRE and metallurgy focus
Alkali Flats Forward Plan – MRE and metallurgy focus Releasing the well-advanced resource modelling and estimation for the company’s maiden JORC mineral resource estimate (MRE). Anticipated high confidence modelling and estimation results due to: Low complexity of the ore body High degree of
Slide 10: Dry Canyon – Large scale, high grade, full basin potential
Dry Canyon – Large scale, high grade, full basin potential High-grade, large scale lithium claystone opportunity, claims filed in in November 2025 Surface samples up to 1,219ppm Li, with 31 of 62 samples >300ppm, with 6 samples > 1,000ppm Highly supportive geology and basin features L5100 13
Slide 11: Indicative outlook
Indicative outlook Key Workstream Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026 Alkali Flats Alkali Flats Phase 2 Discovery Confirmed COMPLETED Alkali Flats claims expansion COMPLETED CSAMT geophysical survey COMPLETED Scoping metallurgy results COMPLETED ONGOING Phase 3 Drill Program COMPLETED Mi
Slide 12: For more information, please contact
For more information, please contact Scott Keenan Chief Operating Officer P. +61 2 9300 3377 fulcrumlithium.com