Fulcrum Lithium Ltd. · ASX:FUL

Fulcrum Lithium — Investor Presentation (August 2026)

17 slides from Fulcrum Lithium's investor presentation, Aug 5, 2026

  1. Slide 1: Alkali Flats Maiden Mineral Resource Estimate

    ASX:FUL Alkali Flats Maiden Mineral Resource Estimate Scale, speed and intent Corporate investor presentation - AUGUST 2026

  2. 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 the Mineral Resource Estimation is based on, and f

  3. Slide 3: 2026 – Delivering large scale resources

    2026 – Delivering large scale resources Jan – Mar: Alkali Flats Phase 3 Drill Program completed Apr-May: Dry Canyon Geophysical Survey – CSAMT survey delivers first 2D data on targets. Leads to project expansion to capture basin scale large-scale, high-grade targets May: Alkali Flats Metallurgy Resu

  4. Slide 4: Alkali Flats Maiden Resource Estimate

    Alkali Flats Maiden Resource Estimate Alkali Flats MRE at 400ppm Li cut-off grade and resource classification map Resource Mass Li LCE Contained Contained  3.57Bt @ 563ppm Li for 10.7Mt LCE Category (Mt) (ppm) (ppm) Li (Mt) LCE (Mt) Measured 714.6 604 3,212 0.43 2.3  Delivered in < 12 months from

  5. Slide 5: A Globally Significant, Large-Scale Deposit

    A Globally Significant, Large-Scale Deposit Thacker Pass (LAC) Forecast Production (LCE) 85yrs @ 160ktpa Total LOM Ore Mined 1,057 Mt 7th largest Li resource in the USA LOM LCE produced 11.5 Mt Project NPV $8.7B Rhyolite Ridge (INR) Forecast Production (LCE) 77yrs @ 26ktpa Total LOM Ore Mined 265 Mt

  6. Slide 6: Alkali Flats Maiden Resource Estimate

    Alkali Flats Maiden Resource Estimate  400ppm Li cut-off selected  Derived from economic pit-optimisation study  $US 20K/t LCE, 55% recovery, $20/t processing cost  Comparable to nearest comparable projects (200ppm- 525ppm)  Simple mineralogy and geology support a lower processing cost in the S

  7. Slide 7: Higher-Grade, Shallower Core

    Higher- Grade, Shallower Core Section 3DA Oblique View Looking W  Higher grade trend and shallower zones towards the SE  opportunity for growth of higher grade, higher Shallowing and increasing grade to SE confidence core  Easily accessible, higher value rock provides good options for future star

  8. Slide 8: Low-Cost Processing Evaluation

    Low-Cost Processing Evaluation  Fulcrum pursuing smarter and cost-effective solutions to ensure optimal project economics  Continue to evaluate low-cost processing opportunities after positive early results  Flexibility of extraction pathways: Sulfuric acid leach, roast calcination + water leach.

  9. Slide 9: For more information, please contact

    For more information, please contact Scott Keenan Chief Operating Officer P. +61 2 9300 3377 fulcrumlithium.com

  10. Slide 10: Appendices

    Fulcrum 7? Lithium Ee Appendices Fetes

  11. Slide 11: U.S. Market & Support

    U.S. Market & Support  US lithium forecast demand is experiencing rapid growth as the government seeks to secure domestic supply chain. Current US lithium production is only ~5,000tpa from Silver Peak, Nevada.  Strong government support through critical minerals policies and funding initiatives is

  12. Slide 12: US Demand for Battery Storage

    US Demand for Battery Storage  Each gigawatt-hour of grid-scale storage capacity requires approximately 900 tonnes of lithium carbonate equivalent (LCE).  In Q1 2026, US battery energy stationary storage (BESS) installations reached 9.7 GWh, the largest Q1 in history and a 32% year-over-year incre

  13. Slide 13: Location and infrastructure

    Location and infrastructure McDermitt Caldera 87 Mt of Li Resources  Nevada is one of the world’s top mining jurisdictions. (Meas + Ind + Inf)  Established road infrastructure, with direct access to major highways and nearby rail.  Potential access to grid-connected renewable electricity power tr

  14. Slide 14: Nevada Claystones – An emerging major low-cost domestic supply

    Nevada Claystones – An emerging major low-cost domestic supply Nevada Claystones Very large resource, moderate grades.  Large scale, low-cost deposits - think porphyry copper, Carlin-type gold or Stable long-term supply. Economies of scale support battery grade processing nickel laterites that domi

  15. Slide 15: Nevada Claystones - The Concentrated Scale the US Needs

    Nevada Claystones - The Concentrated Scale the US Needs Supply dominance can swing rapidly under the right conditions (e.g. Australian Pegmatites, ~2016) ~4X Australian lithium resources which dominate global supply 25% of Global resources in 1 US State (~ 2 counties) ~equal to global hard rock reso

  16. Slide 16: References

    References 1. Mineral Resource Estimate References a. ASX:JLL, Jindalee Lithium, McDermitt PFS, 19 November 2024 o. ASX:ELV, Elvera Lithium, Carolina Lithium DFS, January 2022 cc. Authium, Clayton Ridge 2020 MRE b. ASX:LKE, Lake Resources, Kachi Resource Update, 3 June 2025 p. ASX:GW1, Greenwing Res

  17. Slide 17: For more information, please contact

    For more information, please contact Scott Keenan Chief Operating Officer P. +61 2 9300 3377 fulcrumlithium.com

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