Lithium Plus Minerals Ltd. · ASX:LPM
Lithium Plus Minerals — Technical Presentation (October 2026)
19 slides from Lithium Plus Minerals's technical presentation, Oct 20, 2026
Slide 1: Lei DSO Lithium Project, NT Scoping Study Presentation
rsonal use only Lei DSO Lithium Project, NT Scoping Study Presentation Exceptional project returns highlight a rapid development pathway and significant re-rating potential ASX:LPM OCTOBER 2026
Slide 2: Important Information
Important Information Forward Looking Statements Certain statements contained in this presentation, including information as to the future financial or operating performance of Lithium Plus Minerals Ltd (Lithium Plus) and its projects, are forward looking statements. Such rsonal use only forward loo
Slide 3: Important Information (cont.) – Cautionary Statement
Important Information (cont.) Cautionary Statement rsonal use only The Scoping Study referred to in this presentation has been undertaken for the purpose of initial evaluation of a potential development of the Lei Lithium Project by establishing an underground mine and exporting a direct shipping or
Slide 4: Bynoe Lithium Project, Northern Territory
rsonal use only Bynoe Lithium Project N O RT H E R N T E R R I TO RY 4
Slide 5: Lei Deposit Fast-Tracked, High-Margin DSO Lithium Project
Lei Deposit Fast-Tracked, High-Margin DSO Lithium DSO Lithium A compelling DSO development opportunity for underground mining, on-site crushing and Project screening, and export via Darwin Port rsonal use only I N V E S T O R P R E S E N T A TI ON LOM FREE NPV8% CASH FLOW (AFTER TAX) PROJECT CAPEX (
Slide 6: DSO Development: A Practical Pathway to Production
DSO Development A Practical Pathway to Production rsonal use only Simple, low-capital underground I N V E S TO R P R E S E N T A T I O N development targeting early cash flow Scoping Study completed ▪ Low upfront capital ▪ Small surface footprint and reduced environmental disturbance A SX :LP M ▪ St
Slide 7: Lei Deposit – High-Grade Lithium
Lei Deposit – High-Grade Lithium rsonal use only The foundation for DSO development ▪ Similar geology to Core Lithium’s (ASX:CXO) Finniss mine I N V E S TO R P R E S E N T A T I O N o Multiple prospects directly along strike from CXO’s BP33 deposit ▪ 2026 updated MRE¹ and Scoping Study cover the pri
Slide 8: Underground Mine Design and Schedule
Underground Mine Design and Schedule ▪ Underground mine accessed via cut-and-cover box cut rsonal use only ▪ Target mining rate of 750ktpa I N V E S TO R P R E S E N T A T I O N ▪ Production Target is 57% Indicated, measured by both tonnes and contained Li₂O ▪ Years 1 and 2 production drawn entirely
Slide 9: Crushing and Screening
Crushing and Screening Indicative mobile crushing and screening flowsheet rsonal use only No beneficiation required I N V E S TO R P R E S E N T A T I O N DSO material crushed and screened on site, then hauled directly to Darwin Port for export Mobile Crushing and Screening ▪ Simple flowsheet ▪ Cont
Slide 10: Permitting and Approvals
Permitting and Approvals Clear pathway to DSO development rsonal use only Progressing key regulatory approvals and I N V E S TO R P R E S E N T A T I O N project de-risking activities ▪ Mining Lease granted for a 20-year term under the Mineral Titles Act 2010 ▪ Cultural heritage surveys completed ▪
Slide 11: Capital Costs and Funding Pathways
Capital Costs and Funding Pathways Low upfront capital and flexible funding pathways, backed by robust economics rsonal use only 50% unencumbered offtake, and experienced management team I N V E S T O R P R E S E N T A TI ON Project capital cost estimate Capital Item A$M Advancing funding options Mi
Slide 12: Strong Cash Flow Generation
Strong Cash Flow Generation Strong post-tax returns from low capital intensity development rsonal use only I N V E S TO R P R E S E N T A T I O N Financial outcomes Project free cash flow, post-tax and ungeared Payback from 250.0 600.0 NPV₈% IRR Basis First Production (A$M) (%) 200.0 500.0 (Years) P
Slide 13: Project Sensitivities
Project Sensitivities Lithium price recovery provides a strong sector tailwind, rsonal use only with realised DSO price as the dominant project value driver I N V E S TO R P R E S E N T A T I O N DSO price sensitivity Pre-tax NPV sensitivity LOM US$/t at LOM NPV₈% A$/t gross Scenario 1.5% EBITDA pre
Slide 14: Scoping Study Parameters
Scoping Study Parameters rsonal use only Mining ▪ High-grade Lei MRE of 5.22Mt @ 1.50% Li₂O for 78.42kt contained Li₂O (54% Indicated) I N V E S TO R P R E S E N T A T I O N ▪ Conventional long-hole open stoping underground mine ▪ Target mining rate of 750ktpa ▪ 6-year mine life Processing ▪ DSO mat
Slide 15: From Scoping Study to First Production
From Scoping Study to First Production rsonal use only Scoping Pre-Feasibility Final Investment First Study Study Decision Production I N V E S TO R P R E S E N T A T I O N COMPLETED Q2 2027 Q2 2027 Q3 2028 Activity Q4 CY26 Q1 CY27 Q2 CY27 Q3 CY27 Supplementary Environmental Report (SER) Approval A
Slide 16: Pathway to growth
Pathway to growth rsonal use only Lei DSO development¹ Starter mine targeting early cash flow, with potential to expand through exploration and downstream processing. I N V E S TO R P R E S E N T A T I O N Resource expansion potential Downstream integration² Drilling underway at Lei’s primary and se
Slide 17: Significant Resource Expansion Potential
Significant Resource Expansion Potential Exploration Targets¹: rsonal use only 7.6Mt–19.4Mt at 1.2%–1.6% Li₂O for I N V E S T O R P R E S E N T A TI ON 91kt-310kt contained Li2O ▪ Drilling underway² for Resource growth and testing multiple nearby priority targets ▪ Lei Primary Pegmatite remains open
Slide 18: Exploration Upside
Exploration Upside rsonal use only Multiple drill-ready outcropping pegmatites provide resource expansion potential I N V E S TO R P R E S E N T A T I O N Surface mapping has identified several large weathered pegmatites1: ▪ 500m long at Jewellers ▪ >100m long at Perseverance ▪ 250m long at Jennys 2
Slide 19: Contact
Contact rsonal use only Dr Bin Guo Executive Chairman bguo@lithiumplus.com.au Mr Simon Kidston Non-Executive Director skidston@lithiumplus.com.au Mr Peter Nesveda Australian and International Investor Relations M: +61 412 357 375 peter@intuitiveaustralia.com.au Registered Address 403, LVL4, 66 Hunte
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