Core Lithium Ltd · ASX:CXO
Core Lithium — Q4 FY2026 Earnings Presentation
17 slides from Core Lithium's earnings presentation, Jul 15, 2026
Slide 1: June Quarter FY26 Presentation
For personal use only ASX:CXO June Quarter FY26 Presentation 15 July 2026
Slide 2: Important and Cautionary Notes
IMPORTANT AND CAUTIONARY NOTES This presentation has been prepared by Core Lithium Ltd (“Core”, “Company”) and provides a general “Updated Ore Reserve at Carlton” on 10 September 2025 and “Updated Grants Mine Plan and Ore overview of the Company and its strategy. Reserve” on 10 November 2025. The Co
Slide 3: June Quarter Highlights
JUNE QUARTER HIGHLIGHTS Momentum building with key operational milestones delivered For personal use only Corporate Operations Logistics Growth > Strong financial position with > All major mining contracts > Commissioned and fully > Blackbeard exploration $182 million of cash at 30 awarded for Grant
Slide 4: Finniss Lithium Operation
FINNISS LITHIUM OPERATION A low cost, long life operation - strategically located and fully funded to production > First shipment of newly produced product from Grants on track for December quarter providing near term cash flows in addition to funding package Near-term For personal use only > Existi
Slide 5: On Track for Steady State Production in 2028
ON TRACK FOR STEADY STATE PRODUCTION IN 2028 Moving from funding and mobilisation into execution and staged operational ramp-up Q2 Q3 CY2026- Mid Mid For personal use only 18 March Q2 Q4 2026 CY2026 CY2026 CY2026 CY2026 CY2027 CY2027 CY2028 Grants open Key mining Plant re- First BP33 pre- BP33 BP33
Slide 6: Grants
GRANTS Significant progress made at Grants open pit since FID For personal use only April 2026 June 2026 April 2026 May 2026 June 2026 Dewatering and preparation of Grants open pit ahead of recommencement of mining Mining commenced Mining ongoing 6
Slide 7: Mining Underway at Grants
MINING UNDERWAY AT GRANTS Commencement of mining a key milestone in the restart of Finniss For personal use only > Grants provides a low-strip, near-term ore source supporting early cash generation in addition to funding package sources > Mining underway following award of 11-month surface mining co
Slide 8: Processing Plant Upgrades
PROCESSING PLANT UPGRADES Targeted upgrades to improve performance underway - processing commencing in the September quarter > Plant upgrades aligned to mine plan, increasing plant throughput to 1.2Mtpa from For personal use only 1.0Mtpa1 > Targeted brownfields modifications planned to improve liber
Slide 9: Significant Progress at BP33 Project
SIGNIFICANT PROGRESS AT BP33 PROJECT Box cut dewatering and remediation progressed ahead of portal cut For personal use only March 2026 May 2026 June 2026 Dewatering Remediation Portal cut 9 1. Refer to the Company's ASX announcements titled "BP33 Underground Portal Commencement and First Shipment"
Slide 10: Executing on BP33 Project
EXECUTING ON BP33 PROJECT Rapid rate of development execution with underground development commenced > Underground mining contract awarded to For personal use only Develop Global Ltd (ASX:DVP), for a term of three years, plus option for a two-year extension1 > BP33 contract award validates the resta
Slide 11: Fully Funded for Production
FULLY FUNDED FOR PRODUCTION Strong liquidity position and additional funding available through to production For personal use only $M 320 320 > Ample available funds to fund development through to 35 3 steady state production Liquidity 127 buffer > $193 million of restart capital with contingency re
Slide 12: Finniss Exploration Upside
FINNISS EXPLORATION UPSIDE Drilling program commenced targeting a maiden MRE at highest priority growth prospect, Blackbeard > 2026 exploration program commenced targeting the Blackbeard prospect For personal use only > Objective to progress Blackbeard toward a maiden Mineral Resource Estimate over
Slide 13: Production Expansion Potential
PRODUCTION EXPANSION POTENTIAL1,2 Resource growth and potential for plant expansion support increasing scale over time >2Mtpa crushing capacity supports a pathway to For personal use only Plant Throughput Capacity (Mt) lift plant throughput above 1.2Mtpa with incremental plant upgrades Expansion pla
Slide 14: Executing to Plan
EXECUTING TO PLAN Significant progress made in June quarter with operational momentum building Mobilisation Major mining and Near-term Grants Fully funded Pathways to complete and BP33 civils and production and cash through to steady potential resource For personal use only operations and infrastruc
Slide 15: Contact
For personal use only This presentation has been approved for release by the Core Lithium Board CONTACT Core Lithium Ltd Level 4, 186 St Georges Terrace, Perth WA 6000 info@corelithium.com.au Investor Enquiries Media Enquiries Paul Brown Cameron Morse Managing Director FTI Consulting +61 8 8317 1700
Slide 16: Appendix – JORC Mineral Resource Estimate
APPENDIX 1 – JORC MINERAL RESOURCE ESTIMATE Measured Indicated Inferred Total For personal use only Mineral Resource Li2O Li2O Li2O Li2O Tonnes Tonnes Tonnes Tonnes Li2O% Contained Li2O% Contained Li2O% Contained Li2O% Contained (Mt) (Mt) (Mt) (Mt) Metal (kt) Metal (kt) Metal (kt) Metal (kt) Grants
Slide 17: Appendix – JORC Ore Reserve Estimate
APPENDIX 2 – JORC ORE RESERVE ESTIMATE Ore Tonnes Contained Notes Deposit Category Li2O (%) (Mt) Li2O (kt) 1. Effective date of the Grants Ore Reserves is 30 October 2025. For personal use only Proved 2.6 1.27 32 2. Effective date of the Carlton Ore Reserves is 5 September 2025 (“Updated Ore Reserve