Lithium Africa Corp. · TSXV:LAF
Lithium Africa — Investor Presentation (October 2026)
27 slides from Lithium Africa's investor presentation, Oct 15, 2026
Slide 1: Defining The African Lithium Frontier
TSX-V: LAF · FSE: 6MQ · OTCQB: LTAFF Defining The African Lithium Frontier Small-scale production funding large-scale exploration LI-AFRICA.COM OCTOBER 2026
Slide 2: The investment case
TSX-V: LAF · FSE: 6MQ · OTCQB: LTAFF WHY LITHIUM AFRICA The investment case A mine with its mining permit in place, a team from Lithium Americas and Lithium Argentina, and a lithium major as partner. MODEL TEAM PARTNER Self-funding LAC · LAR · LRC Ganfeng 13.2% Small-scale production funding large-s
Slide 3: Why now: near-term catalysts
TSX-V: LAF · FSE: 6MQ · OTCQB: LTAFF NEAR-TERM CATALYSTS Why now Three targeted catalysts in the next twelve months: drill results, a non-dilutive project financing at Springbok, and first production, at a point in the cycle where lithium equities have given back the 2026 rally. 6,500 m LITHIUM EQUI
Slide 4: Small-scale production intended to fund large-scale exploration
TSX-V: LAF · FSE: 6MQ · OTCQB: LTAFF OUR MODEL Small-scale production intended to fund large-scale exploration A permitted mine pays for the drilling, and the drilling finds the next mine. Shareholders are not diluted for either. 1 2 3 4 Permitted mine Spodumene concentrate Cash flow Discovery Sprin
Slide 5: Discovery is what drives the returns
TSX-V: LAF · FSE: 6MQ · OTCQB: LTAFF WHY EXPLORATION Discovery is what drives the returns In exploration, the value inflection arrives at discovery, long before production. The re-rating follows the drill bit, and small-scale production is intended to keep LAF drilling toward multiple potential disc
Slide 6: Targeting about a year to first concentrate, not a decade
TSX-V: LAF · FSE: 6MQ · OTCQB: LTAFF TIME TO PRODUCTION Targeting about a year to first concentrate, not a decade Springbok is targeting production in 2027 because it starts from a permitted, past-producing mine with spodumene already on the surface, subject to the PEA, permits and financing. From d
Slide 7: A permitted mine inside a 1,675 km² lithium district
TSX-V: LAF · FSE: 6MQ · OTCQB: LTAFF SOUTH AFRICA · SPRINGBOK PROJECT A permitted mine inside a 1,675 km² lithium district Northern Cape, about 50 km north of the town of Springbok on the N7 corridor between Cape Town and Namibia. Lithium Africa holds a 70% interest through Namli Exploration & Minin
Slide 8: Path to first spodumene concentrate, targeted H2 2027
TSX-V: LAF · FSE: 6MQ · OTCQB: LTAFF SOUTH AFRICA · SPRINGBOK PROJECT Path to first spodumene concentrate, targeted H2 2027 Lithium Africa elected to process the Norrabees I stockpile and newly mined pegmatite in an on-site DMS plant rather than sell the stockpile as DSO. INDICATI VE TIM ELI NE Q4 2
Slide 9: High-grade spodumene from surface at Norrabees I
TSX-V: LAF · FSE: 6MQ · OTCQB: LTAFF SOUTH AFRICA · SPRINGBOK PROJECT High-grade spodumene from surface at Norrabees I First drill results at Springbok: 6.0 m at 2.27% Li₂O (within 7.5 m at 1.97% from 18.5 m), including 8.0 m at 1.70% Li₂O including 4.0 m at 2.59% Li₂O. Downhole lengths; true widths
Slide 10: District-scale potential comparable to Brazil
TSX-V: LAF · FSE: 6MQ · OTCQB: LTAFF SOUTH AFRICA · SPRINGBOK PROJECT District-scale potential comparable to Brazil A 1,675 km² land position with spodumene-bearing pegmatites mapped over ~50 km of strike - 21 of them now being channel sampled. THE “LITHIUM VALLEY” MODEL - CONSOLIDATED UNDER LITHIUM
Slide 11: An emerging lithium district
TSX-V: LAF · FSE: 6MQ · OTCQB: LTAFF DRILL PROGRAM CÔTE D'IVOIRE · ADZOPÉ PROJECT ONGOING (ADZOPÉ ) An emerging lithium district 2,000 m 2 primary spodumene trends across ~485 km² licenses: Saby Trend at Adzopé (8.0 m at 1.10% Li₂O, and location of ongoing drilling) and the new 2.8 km Kanien Trend a
Slide 12: Among the lowest-cost lithium feedstock globally
TSX-V: LAF · FSE: 6MQ · OTCQB: LTAFF WHY AFRICA Among the lowest-cost lithium feedstock globally African spodumene sources offer the potential for low-capex, low-opex projects in favorable jurisdictions. Source: Benchmark Mineral Intelligence, Q1 2026 Lithium Forecast (C3, 2026, US$/t SC6). Third-pa
Slide 13: World-class geology, minimal exploration
TSX-V: LAF · FSE: 6MQ · OTCQB: LTAFF WHY AFRICA World-class geology, minimal exploration Same LCT pegmatite geology as Western Australia, Quebec, and Brazil – explored at a fraction of the intensity. INVESTMENT IN LITHIUM EXPLORATION HAS BEEN MINIMAL - ESPECIALLY IN AFRICA • Global exploration focus
Slide 14: A partnership built for Africa
TSX-V: LAF · FSE: 6MQ · OTCQB: LTAFF STRATEGIC PARTNERSHIP A partnership built for Africa LAF’s lithium and African deal-making expertise, combined with Ganfeng’s global lithium leadership. THE PARTNERSHIP JV STRUCTURE 50/50 JV with Ganfeng LAF CONTRIBUTES The exploration team behind the definition
Slide 15: A clean, aligned share structure
TSX-V: LAF · FSE: 6MQ · OTCQB: LTAFF CAPITAL STRUCTURE 16.4% 13.2% GFL 13.2% A clean, aligned share structure 6.2% Merk 6.2% Capital-light by design - production at Springbok is being financed at the project level, with Original LSC Shareholders 8.4% Ganfeng aligned as a major shareholder and JV par
Slide 16: Geologists, dealmakers, African operators
TSX-V: LAF · FSE: 6MQ · OTCQB: LTAFF LEADERSHIP Geologists, dealmakers, African operators A team assembled from major-producer operating depth and African exploration experience. Dr. Thomas Benson Carl Esprey Mamadou Coulibaly CEO & DIRECTOR EXECUTIVE CHAIRMAN DIRECTOR, HEAD OF WEST AFRICA Explored
Slide 17: Appendix
APPENDIX
Slide 18: Lithium is off its 2025 floor, and the market is in deficit
TSX-V: LAF · FSE: 6MQ · OTCQB: LTAFF APPENDIX · LITHIUM MACRO Lithium is off its 2025 floor, and the market is in deficit Benchmark Mineral Intelligence's price history and base-case forecast, and its global supply-demand balance. Quarterly averages bottomed in Q2 2025 and have more than doubled sin
Slide 19: Twelve months of targeted milestones
TSX-V: LAF · FSE: 6MQ · OTCQB: LTAFF CATALYSTS · Q4 2026 - H2 2027 Twelve months of targeted milestones Every milestone from here is either a step toward a production decision at Springbok or a drill result across the portfolio. 1 2 3 4 5 Q4 2 02 6 Q4 2 02 6 H1 20 27 H1 20 27 H1 2 02 7 to H2 2 0 27
Slide 20: The Lithium Africa Portfolio
TSX-V: LAF · FSE: 6MQ · OTCQB: LTAFF PORTFOLIO The Lithium Africa Portfolio A generative pipeline across Africa, anchored by Springbok (advancing to production) and the Adzopé District in Côte d’Ivoire (drilling). PORTFOLIO AT A GLANCE ANCHORED BY TWO ADVANCED PROJECTS Springbok (RSA) & Adzopé (CDI)
Slide 21: Operating responsibly
TSX-V: LAF · FSE: 6MQ · OTCQB: LTAFF SUSTAINABILITY Operating responsibly Exploration done in partnership with host countries and local communities - building local capability as we advance. >75% RESEARCH OPEN AFRICAN WO RKFORCE, LO CALLY HIRED STELLENBOSCH PARTNERSHIP COMMUNITY DIALO GUE The majori
Slide 22: Well-rounded team equipped to drive growth
TSX-V: LAF · FSE: 6MQ · OTCQB: LTAFF LEADERSHIP Well-rounded team equipped to drive growth A team assembled from major-producer operating depth and African exploration experience. Tyron Breytenbach Chris O’Connor Blake Hylands CAPITAL MARKETS ADVISOR GENERAL COUNSEL DIRECTOR English lawyer with 20+
Slide 23: Cautionary Statements
TSX-V: LAF · FSE: 6MQ · OTCQB: LTAFF CAUTIONARY STATEMENTS Cautionary Statement Regarding the Springbok Production Decision The Company’s decision to advance Springbok toward production is not based on a feasibility study of mineral reserves demonstrating economic and technical viability, and there
Slide 24: Disclaimer
TSX-V: LAF · FSE: 6MQ · OTCQB: LTAFF DISCLAIMER This corporate presentation (the “Pr esentation”) has been prepared by Lithium Afric a C orp. (the “Company”) as of October 15, 2026. The inform ation contained i n this Pres entation (a) is provided as at the date hereof and is subject to c hange with
Slide 25: Disclaimer: Comparables
TSX-V: LAF · FSE: 6MQ · OTCQB: LTAFF DISCLAIMER Comparables Certain information presented herein compares the Company to other issuers and s uc h data sets are c onsidered to be “comparables ”. C om parable information about other is suers contained in this P resentation was obtained from public sou
Slide 26: References
TSX-V: LAF · FSE: 6MQ · OTCQB: LTAFF REFERENCES Depos it Company Country Year Resource (M+I+I) Reference Afric a — hard rock Roche Dure AV Z Minerals DR Congo 2024 669 Mt @ 1.61% Li₂O AV Z Minerals — JORC MRE, ASX releas e 31 Jan 2024 Carri ère de l'Es t* Zijin Mining DR Congo 2024 173 Mt @ 1.58% Li
Slide 27: investors@li-africa.com
investors@li-africa.com www.li-africa.com
Lithium Africa — Investor Presentation (October 2026) on 6ix