Venari Minerals Nl · ASX:VMS
Venari Minerals Nl — Investor Presentation (July 2026)
24 slides from Venari Minerals Nl's investor presentation, Jul 20, 2026
Slide 1: Building America's Lithium Future
For personal use only Building America’s Lithium Future Red Mountain Project ASX: VMS Investor Presentation, July 2026
Slide 2: Investment Highlights and Vision
Investment Highlights and Vision For personal use only o Located in the world’s premier mining jurisdiction, Nevada o One of the highest-grade sedimentary lithium projects in the USA o Venari management focused on value-creation, including Chairman Tony Leibowitz, founding director and early financi
Slide 3: Key Financials and Company Overview
Key Financials Company Overview Share Price (@ 14.07.2026) Shares on Issue $0.084 107,631,637 Share Price3 2M 0.30 Options (Listed) 29,184,7274 2M Loan Funded Shares 522,0001 For personal use only 0.25 1M Unlisted Options (exp. 2 Oct 2028) 3,000,000 Share Price ($AU) 1M 0.20 Volume 1M 0.15 Performan
Slide 4: Red Mountain Project Overview
Red Mountain Project Overview For personal use only Strategically located multi-commodity deposit o High-grade lithium deposit located in Nye County, Nevada, USA o 99.5% Battery-grade lithium carbonate direct product o Critical and Strategic byproduct potential in Magnesium and Strontium Mining-frie
Slide 5: Non-Core Upside
Non-Core Upside For personal use only Non-core assets offer Company simplification upside o Governor Broome WA located Scoping stage Heavy Mineral Sands Project Pre-tax NPV10 of A$139M, IRR of 54%, $91m Capex with <2yr payback o Needles Gold Project – Underexplored large footprint epithermal gold- s
Slide 6: Next Steps: Infill drilling
Next Steps Infill drilling Meas+Ind (black box) Extensional drilling from 200 – 300m depth (red box) For personal use only Red Mountain North 47.9Mt @ 2,193ppm Li for 560kt contained LCE (orange and pink, 1,300ppm cutoff) First pass economic assessment to be undertaken on the Red Mountain Lithium Pr
Slide 7: Value Creation Catalysts
Value Creation Catalysts For personal use only Program Q3 Q4 Q1 2027 Q2 Diamond drilling MRE Update – Sr and Mg Assay Results MRE Upgrade (Indicated) Met Test-work EPO Approved Scoping Study DoD/DoE Engagement 7
Slide 8: Disclaimer & Forward-Looking Statement
Disclaimer & Forward-Looking Statement Important Notice & Disclaimer The purpose of this presentation is to provide background information to assist readers in obtaining a general understanding of Venari Minerals NL (‘Venari’ or ‘the Company’) and its objectives. Readers should make their own indepe
Slide 9: JORC CP Statements Footnotes & Previous Announcements
JORC CP Statements Footnotes & Previous Competent Persons Statements The information in this presentation that relates to Needles Gold and Red Mountain Lithium (Section 1: Sampling Techniques Announcements For personal use only and Data) is based on information compiled by Mr Matthew Healy, a Compet
Slide 10: Contact
For personal use only Contact: Matthew Healy Nicholas Read Executive Director & CEO Media & Investor Relations +61 (0)431 683 952 +61 (0)419 929 046 matt@venariminerals.com nicholas@readcorporate.com.au venariminerals.com
Slide 11: Lithium: a Resurgent Market
Lithium: a Resurgent Market For personal use only Shanghai Metal Market Battery Grade Lithium Carbonate Price Robust forecast global lithium demand o Stationery storage battery demand to grow 49% to 925GWh in 20263 US $22,657 o Global EV demand to grow 33% to 1,400GWh in 20263 Strong spot and future
Slide 12: Jurisdictional Advantage
Jurisdictional Advantage For personal use only Trump Administration has prioritised the securing of domestic critical mineral supply chains o Fast-tracked permitting o DoE funding for critical minerals, etc $935m o DoW investments in critical mineral supply, e.g. MP Materials o DFC negotiating a $5b
Slide 13: Sedimentary Lithium: an introduction
Sedimentary Lithium: an introduction What are Sedimentary Lithium Deposits? • Lithium is hosted in sedimentary rocks, such as clay, silt and sandstone. For personal use only What makes these different from hard-rock deposits? • Typical large-scale, lower grade deposits with soft rocks. • Lithium Car
Slide 14: Mineral Resource Estimates
Mineral Resource Estimates For personal use only Red Mountain North 47.9Mt @ 2,193ppm Li for 560kt contained LCE Maiden Inferred Mineral Resource Estimate (Feb 2026) (orange and pink, 1,300ppm cutoff) o 500Mt @ 1,139ppm Li for 3.03Mt contained Lithium Carbonate Equivalent (LCE), at a 700ppm Li cut-o
Slide 15: Red Mountain currently undervalued amid Exploration-Phase ASX Lithium MREs
Red Mountain currently undervalued amid Exploration-Phase ASX Lithium MREs For personal use only 25 $51.75m 20 Lithium in Mineral Resources (LCE, Mt) 15 $135.91m 10 Red Mountain Lithium Project $68.89m $1190m 5 $23.44m $15.07m $135.69m $678.41m $138.4m $256.48m $19.91m $41.82m $136.3m $23.55m $5.75m
Slide 16: Favourable Mining Geometries
Favourable Mining Geometries Mineralisation at surface For personal use only o ‘Day-one’ access to high-grade mineralisation Broad zones of mineralisation o Low dilution potential Shallow-dipping stratigraphy o Favourable open-cut mining geometry ~170m of continuous mineralisation at surface Mineral
Slide 17: Exploration Upside
Exploration Upside For personal use only Numerous exploration opportunities on the Project • Defined by elevated lithium in soils and rock-chip samples • 10 discrete areas of exploration upside • 4 areas to be drill-tested in 2026 • 6 areas to undergo further surface sampling February 2026 JORC-Comp
Slide 18: Battery-Grade Sedimentary Lithium: Simplified Processing
Battery-Grade Sedimentary Lithium: Simplified Processing Lithium Product For personal use only Mining raw material Metallurgical testing well-advanced beyond project stage Proven Battery-Grade Lithium Product Beneficiation o 99.5% Battery-Grade lithium carbonate produced from Red Mountain mineralisa
Slide 19: Strategic By-Product Potential
Strategic By- Product Potential For personal use only Strontium o Strontium is a pyrotechnic chemical with defense application in flares, tracers in ordnance, on which the US is 100% import-dependent o Strontium reports to residue after lithium leaching o Strontium Carbonate current pricing of USD $
Slide 20: Appendix 1: US Sedimentary Lithium Projects
For personal use only Appendix 1: US Sedimentary Lithium Projects Disclaimer: With respect to the historical estimates and/or foreign estimates of mineralisation of the peer projects disclosed in table above, VMS cautions that: • Foreign estimates are not necessarily equivalent to to JORC MRE catego
Slide 21: Appendix 1: Cont'd
Appendix 1: Cont’d US Sedimentary Lithium Projects – source reports For personal use only 21
Slide 22: US Lithium Project Transactions on the ASX
Appendix 2 US Lithium Project Transactions on the ASX For personal use only Arizona Lithium (ASX: AZL) • Sale of Big-Sandy Lithium Clay deposit to Advanced Lithium Research Centre LLC (completed August 2025) • US $5m Cash • 32.5Mt @ 1,850ppm Li (321kt LCE), comprising 14.6Mt @ 1,940ppm Li Indicated
Slide 23: Exploration-Phase ASX Lithium MREs
Appendix 3 continued Exploration-Phase ASX Lithium MREs For personal use only Mineral Resource Estimates LCE in Mineral Resources (Mt) Company Ticker Type Measured Indicated Inferred Meas. Ind. Inf. Total Jindalee Lithium JLL Sed. 1470Mt @ 1420ppm Li 1540Mt @ 1270ppm Li 11 10 21.5 Lake Resources LKE
Slide 24: Governor Broome Mineral Resource Estimates
Appendix 4 Governor Broome Mineral Resource Estimates For personal use only Table 1. Governor Broome Project Resources – at 2% HM lower block-cut-off grade* • Note that the above figures have been appropriately rounded. • The Fouracres Resources estimated at a 3% Heavy Mineral (HM) lower block-cut-o
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