Patagonia Lithium Limited · ASX:PL3
Patagonia Lithium — Shareholder Meeting (May 2026)
20 slides from Patagonia Lithium's shareholder meeting presentation, May 28, 2026
Slide 1: Patagonia Lithium 2026 AGM Presentation
For personal use only PATAGONIA LITHIUM ASX:PL3 28 May 2026 AGM Presentation MRE 103,500 tonnes Li, 551,000 tonnes LCE REE Exploration Brazil
Slide 2: Nature of this document
Nature of this document NATURE OF THIS DOCUMENT expectations represented by such information are reasonable, there can be no assurance that the Disclaimer This presentation has been prepared by Patagonia Lithium Limited (ACN 654 004 403) (Company). The information is based on publicly available info
Slide 3: Formentera - Project update highlights
FORMENTERA - Project update HIGHLIGHTS • Our 7th well JAM 26-07 is at 404m depth (26/5/26). For personal use only • Our sixth well achieved 412ppm lithium and 488m depth. • The 72 hour pump test pumped 225,350L at 3,250L/Hr! • Our Passive Seismic survey results have been received to determine the de
Slide 4: Formentera - Milestones
FORMENTERA - Milestones Milestones • Passive seismic results May For personal use only • Pumping test results wells 2,3,6 May • Packer tests for well seven May • Ekosolve shaker tests for pilot plant setup June • Drilling Well Seven assays June • Gamma and BMR well seven June • Mineral Resource Esti
Slide 5: PL3 Securities on Issue (27 May 2026)
PL3 Securities on Issue (27 May 2026) Shares 207,065,540 Performance rights 25,000,000 For personal use only Options 28,425,000 Total Securities on issue 260,490,540 Market Cap - fully diluted ($0.13) $33.9m Options $0.18 / 31 Aug-26 3,000,000 $0.10 / 30 Jun-27 1,000,000 $0.16 / 31 Dec-27 13,975,000
Slide 6: Assays Summary
Assays Summary Formentera Lithium content ppm Avg 296ppm Li Drill hole Depth 24-01 24-02 24-03 24-04 25-05 26-06 26-07 For personal use only 100-150 110 132 275 154 165 194 150-200 237 254 293 152 195 294 200-250 316 327 325 152 195 388 250-300 485 474 421 152 195 288 300-350 591 580 499 174 217 295
Slide 7: Drill hole location map seismic survey
Drill hole location map seismic survey For personal use only Gold lines are HSVR seismic survey lines Blue lines are MT survey conducted in 2024. Drill holes are green dots Orange dots are next drill targets. Arrow points to JAM 26-07
Slide 8: MRE - Formentera Inferred and Indicated Resource Statement
MRE- Formentera Inferred and Indicated Resource Statement For personal use only 11,000L tank being filled with lithium brine from well JAM 25-06. It was filled 21 times During the pump test.
Slide 9: Formentera lithium concentration
Formentera lithium concentration The high porosity zone lithium content is 469ppm Lithium For personal use only The thickness of the zone is approximately 200m but the MT geophysics shows it extends 500m The lithium average across all 34 samples is 279ppm SD=standard deviation, CV=coefficient of var
Slide 10: BMR - Exceptional Porosity - Jam 26-06 Zone 7-8
BMR -Exceptional Porosity – Jam 26-06 Zone 7-8 For personal use only JAM 26-06 shows eight aquifer zones – zone 7 and 8 – 273m-462m shows mostly sands. Average total porosity is 18-19%% and SY has an average of 8% in zone 3 and 12% in zone 4
Slide 11: MT Geophysics - outstanding low resistivity provides bullseye drill targets
MT Geophysics – outstanding low resistivity provides bullseye drill targets Extends to 1,000m+ depth below 3.0 ohm.m For personal use only 500mdepth 1,122 ppm MT Survey Line 2300 in northern section of the project Lithium sample The geophysics show two hot spot zones with a resistivity below 0.5 Ohm
Slide 12: Ekosolve Processing Results
Ekosolve Processing Results For personal use only Lithium Carbonate Production at Pilot Plant Lithium Extraction Efficiency • EkosolveTM Direct Lithium Extraction (DLE) technology pilot plant test work at University of Melbourne achieves 92.1% lithium extraction efficiency from brines with average l
Slide 13: Ekosolve Pilot Plant Elevation Drawings
Ekosolve Pilot Plant Elevation Drawings For personal use only 13
Slide 14: Ekosolve Pilot Plant Plan Drawings
Ekosolve Pilot Plant Plan Drawings For personal use only 14
Slide 15: Brazil Projects - Lithium, REE and Niobium
Brazil Projects – Lithium, REE and Niobium • Concessions covering 41,700 Has have been granted for three years in the Minas Gerais state. • The three key areas are a high priority target for rare For personal use only earth elements (REE) in ionic clays and Niobium • Rockchip, soils and stream sampl
Slide 16: Concession 2024/830164 - Drill/Augur targets using spectral analysis
Concession 2024/830164 – Drill/Augur targets using spectral analysis Considering the model of mineralisation in REE by fenitisation, the areas with For personal use only the greatest potential are MC-PL-47, MC-PL-48, MC-PL- 49, MC-PL-50, MC-PL-53, MC- PL-55, MC-PL-56, MCPL-57, MC-PL-58, MC-PL-59, MC
Slide 17: Brazil Projects - REE and Niobium carbonatite deposit
Brazil Projects – REE and Niobium carbonatite deposit For personal use only The white areas on the figure on the right are the most probable to have been fenetized and concentrated rare earths. 17
Slide 18: Board of Directors
Board of Directors - Strong leadership, technical and commercial experience For personal use only Pablo Tarantini Phil Thomas Rick Athon Non-Executive Director Executive Chairman Non-Executive Director • Pablo Tarantini was appointed 25 • Phillip has more than 20 years’ • Rick Anthon is an independe
Slide 19: Patagonia Lithium contact
PATAGONIA LITHIUM For personal use only www.patagonialithium.com.au For further information please contact the authorising officer: Phillip Thomas Executive Chairman Patagonia Lithium Ltd M: +61 433 747 380 E: phil@patagonialithium.com.au Patagonia Lithium Ltd ACN 654 004 403 19 Suite 66, 2-4 Cochra
Slide 20: Cross referenced announcements
Cross referenced announcements Sampling at Formentera and Cilon Assays 1,122ppm Lithium 2 June 2023 Significant Maiden Lithium Mineral Resource 22 January 2025 MT Geophysics Defines Significant Prospective Drill Targets 15 June 2023 Drill hole Porosity Analysis and Environmental Testing 25 March 202