Galan Lithium Limited · ASX:GLN
Galan Lithium — Noosa Mining Conference 2025
16 slides from Galan Lithium's conference presentation, Nov 14, 2025
Slide 1: Noosa Mining Conference – HMW the World's Next Low-Cost Lithium Producer
For personal use only NOOSA MINING CONFERENCE – HMW THE WORLD’S NEXT LOW-COST LITHIUM PRODUCER NOVEMBER 2025
Slide 2: Galan (ASX:GLN) – Corporate Snapshot
Galan (ASX:GLN) – Corporate Snapshot An accomplished and aligned Board with relevant South American experience For personal use only CAPITAL STRUCTURE BOARD Share price1 A$0.19 o Experienced corporate lawyer Richard Homsany Shares on issue 1,149m o Principal of Cardinals Lawyers Non Executive o Exec
Slide 3: Galan's Competitive Advantages
Galan’s Competitive Advantages Funded, high grade, low-cost near-term producer with tax and other fiscal benefits 1 Brine is best – Lithium brine projects are less energy, cost and emissions intensive compared to hard rock lithium projects. Hombre For personal use only Muerto West (HMW) is well posi
Slide 4: HMW: Demonstrated Track Record of Strategic Execution
HMW: Demonstrated Track Record of Strategic Execution First Production in Sight For personal use only 2026 Galan set to produce first lithium 2020 – 2025 chloride concentrate from HMW Mineral Resource established and expanded, now ranked 2025 as a global Top 10 lithium resource. 2025 Construction Pe
Slide 5: HMW – A Lithium Project with Scale and Grade
HMW – A Lithium Project with Scale and Grade A multi-decade project with compelling project economics MAP OF GALAN’S TENURE IN CATAMARCA, ARGENTINA For personal use only Project Interest o 100% in the HMW and Candelas project areas Project Location o Catamarca, Argentina Combined Mineral o 9.5 Mt LC
Slide 6: World Class Resource
World Class Resource HMW is amongst the largest advanced lithium projects in the world and importantly, has grade as well as scale For personal use only GLOBAL TOP 10 LITHIUM PRODUCTION AND CONSTRUCTION PROJECTS (LCE Mt) 70.0 60.0 50.0 LCE CONTENT (MILLION TONNES) 40.0 30.0 20.0 10.0 0.0 Thacker Pas
Slide 7: HMW – A first quartile lithium asset
HMW – A first quartile lithium asset HMW’s favourable positioning on the cost curve underpins its long term competitiveness and resilience For personal use only LITHIUM CARBONATE EQUIVALENT COST CURVE (2028)1 • HMW is positioned China High Cost amongst the lowest cost CUMULATIVE REFINED LCE PRODUCTI
Slide 8: Low Risk, Phased Production Growth
Low Risk, Phased Production Growth Employing a proven development path to produce a lithium chloride product in high demand For personal use only PHASED DEVELOPMENT TO 60ktpa LCE Context o There is over 20 years of lithium production history in the Hombre Muerto Salar o HMW has a very favourable geo
Slide 9: Argentina – A Leader in Lithium Mining
Argentina – A Leader in Lithium Mining A rich endowment of lithium is paired with a fiscal framework designed to encourage foreign investment For personal use only Leading Mining Jurisdiction MAP OF ARGENTINIAN LITHIUM PROJECTS (LHS) AND THE SOUTH AMERICAN LITHIUM TRIANGLE (RHS) o Argentina holds th
Slide 10: Favourable dynamics for low cost brine producers
Favourable dynamics for low cost brine producers Strong lithium demand growth underlies the continued investment in brine assets and the downstream sector For personal use only LITHIUM MARKET DEMAND (LCE kt)1 • Robust lithium demand • Greater than 3 – 4 times lithium demand growth from 2025 to 2030,
Slide 11: Why Invest in Galan
Why Invest in Galan Funded, high grade, low-cost near-term producer with tax and other fiscal benefits 1 Brine is best – Low-cost, low-emission lithium brine production – simpler, proven and more sustainable than hard For personal use only rock operations 2 Near-term producer – Fully funded to compl
Slide 12: Important notice and disclaimer
Important notice and disclaimer This presentation has been prepared by Galan Lithium Limited. Competent Persons For personal use only The information contained herein that relates to exploration results and geology is based on information compiled or reviewed by Dr Luke Milan, who has consulted to t
Slide 13: Appendix
For personal use only A Appendix
Slide 14: Mineral Resource Estimate
Mineral Resource Estimate MINERAL RESOURCE STATEMENT FOR CANDELAS1 MINERAL RESOURCE STATEMENT FOR HOMBRE MUERTO WEST 2 For personal use only In situ Li Avg. Li LCE Avg. K In situ K KCl Equiv. In situ Li Avg. Li LCE Avg. K In situ K KCl Category Category (kt) (mg/l) (kt) (mg/l) (kt) (kt) (kt) (mg/l)
Slide 15: Ore Reserve Statement
Ore Reserve Statement Ore Reserve Statement for Hombre Muerto West (effective date September 2023) For personal use only Production Period Pumped Brine Vol. Avg. Li grade Ore Reserve Category Well Field Li Metal (kt) LCE (kt) (Years) (Mm3) (mg/L) West 1-7 34.9 30.8 884.0 101.2 Proven Santa Barbara -
Slide 16: Peer Comparison
Peer Comparison Global Top 10 Production and Construction Projects For personal use only Mineral Resources (including Ore Reserves) in Lithium Carbonate Equivalent (LCE Mt) Total Project Operator Stage Type Measured Indicated Inferred Resources Li Grade Information Source Lithium Thacker Pass Constr