Liontown Limited · ASX:LTR
Liontown — Liontown Resources — 2025 Diggers and Dealers
20 slides from Liontown's conference presentation, Aug 5, 2025
Slide 1: Transitioning Underground - 2025 Diggers and Dealers
For personal use only Transitioning Underground 2025 Diggers and Dealers Tony Ottaviano Managing Director | CEO 5 August 2025 ASX: LTR | ltresources.com.au
Slide 2: Important Information
Important Information IMPORANT INFORMATION NOTICE AND DISCLAIMERS NO FINANCIAL PRODUCT ADVICE This investor presentation (Presentation) is dated 5 August 2025 and has been prepared by Liontown Resources Limited (ACN This Presentation is for information purposes only and is not a prospectus, disclosu
Slide 3: The best strategies endure the cycles; ours is unchanged
The best strategies endure the cycles; ours is unchanged For personal use only Kathleen Valley Downstream Expansion Liontown Full Potential Full Potential Become a vertically integrated Expand portfolio through supplier to capture higher organic growth, value accretive Become a globally significant
Slide 4: Lithium demand remains strong - short-term signs of supply tightening
Lithium demand remains strong - short-term signs of supply tightening Lithium demand has been robust in the face of macro-economic uncertainty and trade wars creating continued policy For personal use only uncertainty across major expected growth markets like North America Chinese Government showing
Slide 5: What have we achieved since Diggers and Dealers 2024?
What have we achieved since Diggers and Dealers 2024? Key milestones from the past 12 months For personal use only 12 months of achievements: • >294kdmt concentrate produced at 5.2% (>320kdmt 1 3 5 at 8% moisture) in 11 months Sep 2024 Apr 2025 of production May 2025 First shipment Underground Paste
Slide 6: ESG | Letting "real economics" unlock Long-Term Value
ESG | Letting “real economics” unlock Long-Term Value Tangible benefits delivered to the community and the company – a foundation for future value For personal use only Prioritising an emissions profile <100kt CO2 shortened our Approvals timeline approval timeline, enabling Liontown to meet its acce
Slide 7: Physical and Financial highlights | FY25
Physical and Financial highlights | FY25 Strong operational performance with over 320,000 dmt (>294,000 dmt accounting for 8% moisture) of spodumene concentrate at 5.2% grade produced in FY25 (11 months), underscoring resilient financial results in a volatile market. For personal use only Physical H
Slide 8: 2.8Mtpa optimised mine plan – Next years
2.8Mtpa optimised mine plan – Next 5 years For personal use only Mt Mann Scheduled and Contained Ore Mine Design Strategically prioritises high margin ore (Oblique view, legend representative of scheduled stope grade) Balancing cost versus return Mt Mann Box Cut • Grade distribution ranging from 1.0
Slide 9: What have we learnt? | Underground production underway
What have we learnt? | Underground production underway - a solid foundation for transition Early underground success sets the stage for FY26 ramp-up; focus now on bulk mining thick, high-quality stopes For personal use only Excellent ground Excellent geotechnical conditions, no dewatering required a
Slide 10: Mining | Bulk tonnes driving high productivity and lowering costs
Mining | Bulk tonnes driving high productivity and lowering costs For personal use only Mt. Mann scheduled and contained ore by mine level Million Tonnes Driving efficient, high-margin operations, resulting in long-term low-cost production 0 1 2 3 4 5 6 60 Density 85 ~77kt of ore per vertical meter,
Slide 11: Processing | Fourth-gen plant delivers on performance and flexibility
Processing | Fourth-gen plant delivers on performance and flexibility For personal use only Took decisive action in Validated investment in best-in-class flexible flotation Concentrate quality vs feed Gabbro content Daily weighted average, 1 Nov 24 – 30 Jun 25 response to low price processing plant
Slide 12: Processing | Further enhancing the capability of our fourth-generation plant
Processing | Further enhancing the capability of our fourth-generation plant For personal use only Planned maintenance and ROM Continuing to invest in state-of-the art restructuring commencing optimisation technologies • Continued OSP processing in H1 Focus on real-time grind-size FY26 to manage sto
Slide 13: What we plan to achieve by Diggers and Dealers 2026
What we plan to achieve by Diggers and Dealers 2026 For personal use only Key milestones over the next 12 months 12 months of targets: • Successful transition to 100% underground mining and 1 3 5 production Q1 FY26 H1 FY26 Q3 FY26 • 365 – 450 kdmt Concentrate Initial enabling Deployment of Productio
Slide 14: FY26 | A tale of two halves, performance improving in H2 as UG ramps up
FY26 | A tale of two halves, performance improving in H2 as UG ramps up Value accretive action taken to set a strong foundation for long-term value For personal use only FY26 -Transitioning towards long-term advantage FY27+ - Unlocking Kathleen Valley’s Full Potential Annualised run-rate Annualised
Slide 15: Underground | Bulk tonnes moved, less waste and simpler operations = low cost
Underground | Bulk tonnes moved, less waste and simpler operations = low cost Designed for scale De-risk ramp up Lower cost per tonne For personal use only Ready for low-capital • Dual decline (up and down) design • Positioned to deliver high ore • With 100% underground and vertical ore body - highe
Slide 16: Debt | Low cost, flexible and covenant-light
Debt | Low cost, flexible and covenant-light For personal use only 1. Ford 2. LG Energy Solution 3. WA State Government A$300M debt facility secured from Ford for project US$250M five-year convertible notes, at a $1.80 A$15M interest free unsecured loan as part of the WA development: balance of $336
Slide 17: Investment Highlights
Investment Highlights • High-grade, low-impurity hard rock lithium mine located in the premier mining jurisdiction of Western Australia For personal use only High quality, globally significant, • Plant flowsheet and ore hygiene facilitates strong processing recoveries, targeting 70% by Q3 FY26 • Und
Slide 18: Watch online
For personal use only Watch online: youtu.be/5sbLYkggy-4 17
Slide 19: For more information
For more information: Leanne Kite For personal use only Investor Relations lkite@ltresources.com.au +61 401 438 850 Level 2, 32 Ord Street, West Perth WA 6005 +61 8 6186 4600 info@ltresources.com.au liontown-resources-limited Liontown Resources @LiontownRes @LiontownRes Blasted ore from UG 18
Slide 20: Footnotes and sources
1. GFEX Future contract chart sourced from SMM 2. EV sales and Lithium demand charts sourced from Benchmark Mineral Intelligence and Rho Motion 2025 3. Assumes diesel price $1.50/l diesel excluding Fuel Tax Credit 4. Production commenced 31 July 2024; 11 months of production 5. The Company’s cash ba