Lithium Africa Corp. · TSXV:LAF
Lithium Africa — Investor Presentation (August 2025)
33 slides from Lithium Africa's investor presentation, August 2025
Slide 1: Lithium Africa Investor Presentation
LITHIUM AFRICA Searching for Low-Cost, Marquee Hardrock in Africa Investor Presentation Li-africa.com August 2025
Slide 2: Unique Model in Li Space
Unique Model in Li Space • $1 dollar raised = $2 of exploration • Non-Binary explorer model • Aligned 19.9% shareholder • Offer investors several shots at finding a “Tier 1” asset • Spend on exploration not acquisitions & every year construction • Discovery is the most powerful mechanism of value cr
Slide 3: Lithium Africa Partnership
Lithium Africa Partnership Africa Ideal Geology & Production History The Li Market Today • Large LCT pegmatite fields analogous to • Volatile commodity price & Long-term West Aus/Canada/Brazil need to grow supply • Opportunity to advance the right kind • Rapid permitting and development times of sup
Slide 4: Targeting High Margin, High Return Assets in a Volatile Sector
Targeting High Margin, High Return Two Paths To Grow assets in a volatile sector 1. Western Clays/DLE High capex & low return Figure 1: Annual Returns By Commodity Processing risk Thacker Pass, Nevada Immature market, volatile pricing creates risk and opportunity (LAC:TSX) Production: 40 Ktpa Capita
Slide 5: Lithium Africa Partnership
Lithium Africa Partnership 50/50 partnership with Ganfeng 19.9% established in 2023 Deep exploration/Africa experience Expertise in chemical processing Overview & Mission +30 Field Geologists Downstream Processing capacity + Access to exploration tech Customer relationships • Jointly acquire, explor
Slide 6: Ganfeng as a Partner
Ganfeng as a Partner Expands offtake Key customers: relationship GF takes ~310kt in 2024 to 2026 One of the largest Signs unique downstream J V producers of lithium allowing Pilbara exposure to chemicals globally further down value chain 6
Slide 7: Expansive Portfolio
Expansive Portfolio MALI 6 Licences1 Lithium Africa Is Building 357 km2 A Portfolio Of The Highest Quality Lithium Projects on CÔTE D’IVOIRE the Continent 4 Licences 1,254 km2 GUINEA2 4 Licences 376 km2 ZIMBABWE • Started assembling ground in Mali, 2019 mid-covid 1 License • Are now active in most p
Slide 8: Team
Team Geology Finance/M&A Lithium & Downstream Tyron Breytenbach P.Geo Carl Esprey Roy Zhang CEO Executive Chair Advisor Tyron spent a decade in the mining industry as a geologist (specialized in Carl’s career within the resource sector began Roy has nearly 10 years of experience in resource estimati
Slide 9: Case Study - LAAC Caucharí-Olaroz
Case Study - LAAC Benefits to LAC/LAAC: Aligned capital & downstream expertise to successfully transition to producer 2018 2019 2023 LAC is an unfunded Ganfeng invests US Lithium Production developer $160 M to form JV (>40 ktpa) Pre-2019 2020 Caucharí-Olaroz Ganfeng acquires Ganfeng increased JV to
Slide 10: Go Public Transaction
Go Public Transaction New Money, 10.51% LSC, 10.50% Current LAR Shares 1,581,192 Pre 10:1 Split Price Last Raise (Dec 2023) US$28/sh Raised ~US$4 M LAR New Funding C$6,000,000 Pricing US$20/unit includes full 5 yr warrant at US$26/sh strike Ganfeng, LAR, 60.28% New LAR Shares 210,329 18.71% LSC Shel
Slide 11: Lithium Demand
Lithium Demand Future Mine Capacities & their Outputs (Supply) 1.15mt LEVEL 1 SCENARIO 0.63 mt LEVEL 2 SCENARIO 0.57 mt LEVEL 3 SCENARIO Possible by 2025 Possible by 2025-30 Possible after 2030 5.1 5.0 Lithium Demand Supply Balance Supply 4.0 4.0 High Demand To Meet the World’s Lithium Demand Base D
Slide 12: Current Themes
Current Themes • Demand theme remains intact despite negative Western headlines • Our view: Long term demand to outpace and exhaust high cost lepidolite supply • Catalysts: Next Gen US EV’s, BESS, Truck/Bus/Robot Electrification theme Notes: iLi Markets 2025 12
Slide 13: Exploration In Africa
Exploration In Africa 2021 Overview Investment In Lithium Exploration Has Been Minimal – Especially In Africa $17M spent on exploration in Africa Exploration focus has been on pegmatites (ex-tantalum mines) in (7% of global spend) Australia and large lithium salars in South America 10% Globally, the
Slide 14: Africa's Potential
Africa’s Potential ~1.5% ~80% 5-6% of the Global of the of the Africa hosts 3 of 5 Li Supply Global Ta2O5 Global tin largest Hardrock deposits globally Strategy Efficient Explorer Model • Low exploration costs • JV model doubles our dollars Infrastructure • Established Infrastructure in Key Jurisdic
Slide 15: Global Distribution of Pegmatites
Global Distribution of Pegmatites Afric a n Ca n va s Is Rip e Fo r D is c o ve ry Bu t Un d e r Eva lu a t e d 15
Slide 16: LAR Exploration System
LARExploration System Res. 3. Exit at Highest Exploration Value $$$ Def 2. Higher Value & Lower Risk • Divest and Monetize • Higher budget spend to • Royalty or Sale or Carry drill/confirm • Generate news/value Advancing Exploration • LARis not a miner Drill Testing Mali • Acquire and explore at low
Slide 17: The Assets
The Assets GUINEA COTE D'IVOIRE ZIMBABWE
Slide 18: Zimbabwe
Zimbabwe LAR has consolidated a >12 km Pegmatite trend called “Birthday Gift” June 2024 • Approach vendor of past producing Tantalum prospect. • Begin site visits. July-Aug 2024 • Secure Jin Jin Concessions. • Secure Peaxar Concessions. • Apply for SG concessions. Aug-Sep 2024 • Collect >3,000 sampl
Slide 19: Birthday Gift Location
Birthday Gift Location Figure A: Past producing pit Figure C: 2-5% Li2O3 Figure B: 3x Parallel Pegmatites Figure D: Fluorescent Spodumene 19
Slide 20: Birthday Gift – RC Plan Highlights
Birthday Birthday Gift –Gift RC Plan Highlights Grass roots discovery of three parallel sub-horizontal trends consisting of large, flat- lying spodumene-bearing pegmatites hosted within metasediments. Extensive soil and rock Li and pathfinder anomalies outline broad mineralized zones within the thre
Slide 21: Morocco: Africa's Processing Hub?
Morocco Africa’s Processing Hub? • Three emerging Li districts in under-explored belts where LAR will be the first to perform reconnaissance and drilling • Completed mineral systems review and targeted 6,000 km2 for acquisition. • Multiple processing facilities are under development in Morocco, the
Slide 22: Morocco Bir El Mami
Morocco Bir El Mami – LAR’s newest acquisition Overview: • Acquired a 585 km2 a District-scale project covering northern extension of the Tasiast greenstone belt • Partnered with ONHYM • Historical soil sample results up to 363 ppm Li and weathered rock sample results up to 862 ppm Li • Multiple Spo
Slide 23: West Africa Portfolio
West Africa Portfolio MALI CÔTE D’IVOIRE GUINEA • West Africa is host to several new and emerging lithium pegmatite districts • Six projects in Mali located in the established Bougouni Basin, host to the Goulamina and Bougouni deposits • Eight projects located in the emerging districts of Côte d’Ivo
Slide 24: Mali Permits
Mali Permits Strategically Positioned Adjacent To The Largest Discoveries In West Africa • Continuation of all structural corridors controlling LCT pegmatite location • Mapping and sampling have identified outcrops of spodumene bearing pegmatites along structural trends • Contiguous to Leo Lithium’s
Slide 25: Côte D'Ivoire Permits & Exploration Plan
Côte D’Ivoire Permits & Exploration Plan • Four early-stage projects in an emerging district • Initial 20 rock samples collected from outcrops indicate presence of fractionated granites anomalous in Liand pathfinder elements • Planned programs include mapping and sampling followed by detailed surfic
Slide 26: Guinea
Guinea Early-stage exploration Inset projects in an emerging district • Four early-stage but very prospective lithium licenses (375 km2) located in the emerging Kissidougou pegmatite district, located in the Archean Kinema-Man domain • Stream sediment geochemistry conducted by the BRGM highlighted m
Slide 27: Guinea
Guinea • 2025 Launch of Reconnaissance • Multiple New Spodumene Bearing Pegmatites Identified • Aim to identify drill ready target H2/2025 27
Slide 28: Summary
Summary • Large landholder in multiple new African pegmatite belts Market Cap in CAD$ M - Peer Comparables • Unique and efficient JV explorer model is a new paradigm 600 for exploration 500 • Established government relationships across Africa 400 • Exceptionally experienced explorers/scientists with
Slide 29: Disclaimer
Disclaimer This corporate presentation and the information contained herein (the “Presentation”) is proprietary and for authorized use only. It is being provided for the use of prospective investors with the express understanding that, without the prior permission in writing from Lithium Africa Reso
Slide 30: Disclaimer
Disclaimer Comparables Certain information presented herein compares the Company to other issuers and such data sets are considered to be “comparables”. Comparable information about other issuers contained in this Presentation was obtained from public sources and has not been independently verified
Slide 31: Disclaimer
Disclaimer Other defenses in Saskatchewan legislation include that no person or company, other than the issuer, will be liable if the person or company proves that (a) the offering memorandum or any amendment to it was sent or delivered without the person’s or company’s knowledge or consent and that
Slide 32: Disclaimer
Disclaimer Prince Edward Island Investors If an offering memorandum, together with any amendment thereto, is delivered to a purchaser and the offering memorandum, or any amendment thereto, contains a misrepresentation, a purchaser has, without regard to whether the purchaser relied on the misreprese
Slide 33: Contact
CONTACT Tyron Breytenbach Chief Executive Officer tb@li-africa.com Li-africa.com