Elevra Lithium Limited · ASX:ELV
Elevra Lithium — Investor Presentation (November 2025)
26 slides from Elevra Lithium's investor presentation, Nov 6, 2025
Slide 1: Elevra Lithium
Elevra Lithium Providing a Secure and Reliable Supply of Lithium to Power the Future NOVEMBER 2025 ASX:ELV • NASDAQ:ELVR • OTCQB:SYAXF
Slide 2: Introducing Elevra Lithium
Introducing Elevra Lithium Investment Highlights: ASX: ELV | NASDAQ: ELVR | OTCQB: SYAXF North America’s Leading Hard-Rock Lithium Producer #1 North American hard rock pure-play lithium producer. Scale Combined lithium Ore Reserve Estimate of 106Mt @ 1.15% Li2O and M&I Mineral Resource estimate tota
Slide 3: 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 Deliver portfolio potential through the To lock i
Slide 4: Merger of Sayona Mining and Piedmont Lithium
Merger of Sayona Mining and Piedmont Lithium Strengthening our market position and unlocking synergies to deliver long term value Strategic Rationale Synergies #1 North American hard rock pure-play lithium producer Optimisation of corporate and JV functions Significant combined lithium Ore Reserve E
Slide 5: 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 James Brown Christina Alvord Lucas Dow Christian Cortes Sylvain Collard Sandra Tremblay Chair Managing Director & Director Director Managing Direct
Slide 6: Lithium Market
Lithium Market
Slide 7: Uplift in Demand with Strong Outlook into 2030
Uplift in Demand with Strong Outlook into 2030 Elevra is well positioned to take advantage of forecast demand growth through its unique suite of development projects Global Lithium Demand North American Lithium Market Balance Mt LCE Mt LCE 3.0 0.4 0.3 2.5 CAGR 14% 0.2 2.0 0.1 1.5 0.0 1.0 (0.1) (0.13
Slide 8: Through-The-Cycle Production Ensures Maximised Profitability in Peak Cycle Environments
Through-The-Cycle Production Ensures Maximised Profitability in Peak Cycle Environments Production incumbency is everything Gross Annual Production1 Greenbushes Pilgangoora Mt Marion Wodgina • Lithium price upcycles can last 2–3 years (most kt , June year end recently Sep 2021–Jan 2023) but short sp
Slide 9: Operations & Resource Base
Operations & Resource Base
Slide 10: NAL Operational Performance
NAL Operational Performance Consistent production creates a platform for sustained success and future growth Maintaining a high level NAL Global Recovery and NAL Concentrate Production and Unit Operating of operational discipline Mill Utilisation1 Costs to deliver a strong 100% 90,000 1,536 1,506 1,
Slide 11: Significant Increase in Resource and Reserve Base
Significant Increase in Resource and Reserve Base NAL Increases Resource to 95Mt and Reserves to 49Mt1 • Total Mineral Resource of 95.0Mt at 1.15% Li2O, an +8% increase over the August 2024 MRE • Increase in Mineral Reserves of +124% from March 2023 estimate to 49Mt at 1.11% Li2O • Results from the
Slide 12: Leading Hard-Rock Resource Base in North America with Competitive Capital Intensity
Leading Hard-Rock Resource Base in North America with Competitive Capital Intensity Select Hard-Rock Resource Benchmarking Capital Intensity Benchmarking Attributable M+I+I Mineral Resource Estimate, Mt 1, 2 US$mm/kdmt p.a.3 250 4.0 229 Established producing asset base. 3.7 3.5 200 3.0 3.0 3.0 2.5 1
Slide 13: Growth Projects
Growth Projects
Slide 14: Projects
Projects Unique set of development options combined with an operating asset North American Lithium Ewoyaa Moblan Carolina 1 (100%) 2 (22.5%)1 3 (60%) 4 (100%) Leading North American open Low-cost lithium project High-grade, long-life project Fully-integrated, strategically pit mining operator with t
Slide 15: Overview of NAL Brownfield Expansion
Overview of NAL Brownfield Expansion Driving unit costs down and strengthening NAL’s commercial competitiveness Brownfield Expansion Scoping Study1 NAL Gross Production NAL Unit Costs 315 US$765 – 830 • Based off the scoping study results, targeting kdmt /dmt an increase in production from 195 – 210
Slide 16: Indicative NAL Brownfield Expansion Timetable
Indicative NAL Brownfield Expansion Timetable A simplified project pathway as compared to greenfield project development—further refinement being undertaken Project Scoping Study Evaluation Permitting Construction Commission Ramp-up 1 2 3 4 5 6 ✓ Completed In Progress FY26 ~2Q CY28 ~4Q CY29 1Q CY30–
Slide 17: Corporate
Corporate
Slide 18: Delivering Against Multiple Operational Milestones
Delivering Against Multiple Operational Milestones Disciplined and structured approach to operational delivery and project development 01 Corporate Complete merger and realise operating synergies Complete capital raise to execute strategic plans and create cash runway into 2026 Evaluate downstream p
Slide 19: Funding Plan
Funding Plan Flexibility and a range of alternatives exist to fund Elevra’s development projects. • Consolidating ownership of NAL provides optionality for alternative funding pathways including partnering with strategic investors • Capital raisings completed at merger announcement and completion pr
Slide 20: FY26 Guidance
FY26 Guidance Another year focused on delivery, disciplined expenditure and continued improvement FY26 Guidance Q1 FY26 Additional Information Spodumene • SC 5.3% product grade Concentrate 195,000 – 210,000 dmt 52,003 dmt • 100% NAL production Production • SC 5.3% grade Spodumene • Shipment volumes
Slide 21: Appendix
Appendix
Slide 22: Supporting Data
Supporting Data Leading Hard Rock Resource Base in North America Totalling 229Mt1 Initial / Incremental Remaining Annual Target Capex Production M+I Estimate Rate (kt SC5.5 Measured Measured Indicated Indicated Total M+I M+I Inclusive of Inferred Inferred Asset Company Location Status (US$MM)2 equiv
Slide 23: Supporting Data
Supporting Data Combined Lithium Ore Reserve Totalling 106Mt1 Asset Source Reserve Category Tonnes (Mt) Li2O Grade (%) Cut-off Grade (%Li2O) Proved Ore Reserves 0.3 1.01 0.60 NAL Reserves up 124% to 48.6Mt North American Lithium and Resource increased to 95Mt Probable Ore Reserves 48.2 1.11 0.60 27
Slide 24: Important Information and Disclaimer
Important Information and Disclaimer Important Information and Disclaimer The distribution of this presentation in other jurisdictions Forward Looking Statements Statements in this presentation are made only as of the date outside of Australia may also be restricted by law and This presentation may
Slide 25: Important Information and Disclaimer
Important Information and Disclaimer Cautionary Note to United States Investors Mineral Reserves and Resources of the Carolina Lithium Project Concerning Estimates of Measured, Indicated and Inferred Mineral Resources Mineral reserve and mineral resource information contained in this presentation fo
Slide 26: ELEVRA
ELEVRA
Elevra Lithium — Investor Presentation (November 2025) on 6ix