Lifezone Metals Limited · NYSE:LZM
Lifezone Metals — Q2 2026 Earnings Presentation
15 slides from Lifezone Metals's earnings presentation, Jul 29, 2026
Slide 1: The Supply Chain Solution for Clean Metals
The Supply Chain Solution for Clean Metals H1 2026 Financial Results Summary July 29, 2026 NYSE: LZM LIFEZONEMETALS.COM
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain statements contained in this Presentation are not historical facts but may be considered “forward-looking statements” within the meaning of the U.S. Securities Act of 1933, as amended, the U.S. Securities Exchange Act of 1934, as amended, and the “safe harbor” prov
Slide 3: Disclaimer & No Offer
Disclaimer & No Offer Disclaimer This presentation (this “Presentation”) is provided for informational purposes only and has been prepared to provide interested parties with certain information about Lifezone Metals Limited and its subsidiaries (collectively, “Lifezone”, “Lifezone Metals” or the “Co
Slide 4: Lifezone Metals: On today's call
Lifezone Metals I NYSE:LZM On today's call: CHRIS SHOWALTER INGO HOFMAIER CHIEF EXECUTIVE CHIEF FINANCIAL OFFICER OFFICER NYSE: LZM 4 LIFEZONEMETALS.COM
Slide 5: LME Nickel Price Supported by Indonesian Policy
LME Nickel Price Supported by Indonesian Policy LME spot price is currently $17,008, up 21% since its lowest point in late 2025. Nickel price buoyed by macro environment and Indonesian policy Policy measures introduced by the Indonesian Government to stabilize supply, $21,000 21% increase to LME inc
Slide 6: Company Milestones for H1-26: Strategic Initiatives
Company Milestones for H1-26: Strategic Initiatives Short-term financing – $60M bridge loan from Taurus Mining Finance1 As of June 30, 2026, a total of $41.7 million out of $60 million was received: • $21.7 million drawn in the first half of 2026 • $20 million drawn in 2025 $18.3 million available t
Slide 7: Kabanga Operational Progress
Company Milestones for H1-26: Kabanga Operational Progress Kabanga Pre-FID activities led by the Kabanga Owners Team, Tembo Nickel and DRA All technical, commercial and project setup deliverables progressing to deliver project finance and FID. Scale-up of the Kabanga Nickel Project Integrated Owner'
Slide 8: Kabanga Sustainability
Company Milestones for H1-26: Kabanga Sustainability Environmental Permitting and Health, Safety & Security Compliance • Zero health, safety, or security incidents and • Zero environmental incidents +2.9M hours with no lost-time injury • Assessments and studies well progressed, • Ebola outbreak in D
Slide 9: Musongati Nickel Project in Burundi
Company Milestones for H1-26: Musongati Nickel Project in Burundi Exclusivity Agreement signed over Burundi’s most significant nickel deposit Lifezone announced the official signing of a 14-Month Exclusivity Agreement with the Government of Burundi over the globally significant Musongati nickel late
Slide 10: PGM Recycling Project with Glencore
Company Milestones for H1-26: PGM Recycling Project with Glencore Demonstrating the industry’s first competitive Hydromet PGM recycling solution KEY MILESTONES Q1 2026 99.5% Pt | 99.9% Pd H1 2026 US$41.5m US$1.5m Pilot campaign complete Pilot Plant FS + FID On Track DOE Grants Filed Glencore Achieve
Slide 11: Simulus Group
Company Milestones for H1-26: Simulus Group Simulus Group, delivering metallurgical test work and developing processing flowsheets Simulus Group provides every part of the project development value chain in- house, from metallurgical test work, through process simulation and engineering design, supp
Slide 12: H1 2026 Financial Results Summary
H1 2026 Financial Results Summary For the six months ended Cash Balance and liquidity: $37.3 million as at June 30, 2026, compared June 30, 2026 June 30, 2025 to $20.1 million as at December 31, 2025. Liquidity was ~$56 million $ $ including $18.3 million in undrawn amounts under the senior secured
Slide 13: H1 2026 Fair Value Gains
H1 2026 Fair Value Gains For the six months ended 30 June 2026 30 June 2025 Fair value gains $ $ Fair value gain on embedded derivatives 1,549,000 14,145,000 Fair value gain on warrants 1,060,000 - Gain on remeasurement of deferred consideration 5,292,917 - Total fair value gains 7,901,917 14,145,00
Slide 14: Backed by Industry-Leading Partners, Investors and Governments
Backed by Industry-Leading Partners, Investors and Governments Project partners Shareholder composition (basic)1 Kabanga Nickel Project: Government of Tanzania U.S.-based PGM Recycling Project: Glencore Includes: Cinctive $60 million bridge loan facility (secured Aug 2025) BlackRock Invesco Taurus M
Slide 15: Q&A
Q&A lifezonemetals.com info@lifezonemetals.com lifezone-metals @LifezoneMetals NYSE: LZM LIFEZONEMETALS.COM