Pls Group Limited · ASX:PLS
Pls — Diggers & Dealers Mining Forum 2025
19 slides from Pls's conference presentation, Aug 5, 2025
Slide 1: Rising with the cycle: Strategically positioned for lithium's next chapter
5 August 2025 Rising with For personal use only the cycle: Strategically positioned for lithium’s next chapter Diggers & Dealers Mining Forum 2025 ASX:PLS 1
Slide 2: PLS - Built, performing and future-ready
PLS - Built, performing and future-ready Uniquely positioned scale operator with a strong track record and balance sheet For personal use only Record Self-funded Strong FY25 ~$1B growth balance sheet production cycle complete with $1.6B of 755kt liquidity Pilgangoora Growth Optionality Tier 1 asset
Slide 3: Geographically and strategically diversified
Geographically and strategically diversified Diversified portfolio, embedded optionality and positioned to capitalise on market cycle For personal use only Strategically positioned Exposure to established and ex-China supply chains with flexible operating platform GWANGYANG, SOUTH KOREA POSCO Pilbar
Slide 4: Lithium industry – Untamed and evolving
Lithium industry – Untamed and evolving An evolving market shaped by volatility, emerging maturity, and rising end-use demand For personal use only Growth in lithium battery demand by end-use 2035 (kt LCE)1 Spodumene concentrate price (SC6.0%, CIF China basis)2 7,500 CY25 price movement to 1 August
Slide 5: Lithium paradox: Demand rising. Pricing detached
Lithium paradox: Demand rising. Pricing detached A major share of global supply is estimated to be underwater at current prices For personal use only Global 2025 lithium cost curve (US$/t LCE)1 25,000 Long-term lithium carbonate price forecast2 20,000 15,000 10,000 Lithium carbonate price as of 28 J
Slide 6: Clean Tech – Global electrification builds pace
Clean Tech – Global electrification builds pace Strong growth continues across clean-tech sectors and products For personal use only EV sales 1 BESS sales 2023 to 20241 2023 to 20241 26% 51% growth growth Solar investment Clean energy 20252 investment 20252 US$450B US$2.2T 1. BMI / Rhomotion. EV and
Slide 7: Beyond EVs - The next frontier
Beyond EVs - The next frontier Emerging technology growth underway - AI, robotics and decentralised storage For personal use only eHang commence China hosts first robot half marathon eVTOL passenger flights in Thailand Global humanoid adoption to reach 900k units by Global eVTOL sector valued at US$
Slide 8: FY25 – Executing through the cycle
FY25 – Executing through the cycle For personal use only Operate Grow Chemicals Diversify ✓ Record annual ✓ Commissioned world’s ✓ JV lithium hydroxide ✓ Acquired Colina production of 755kt largest ore sorter plant in Korea ramp up Project (Brazil) progressing well via Latin ✓ Implemented P850 ✓ Exp
Slide 9: Pilgangoora Resource upgraded
Pilgangoora Resource upgraded Resource further grown 10% to 446Mt. Improvement in grade to 1.28% For personal use only Global lithium pegmatite Mineral Resources by grade and tonnage (bubble size represents Mineral Resource LCE). 1.7% Greenbushes 1.5% Mt Holland Pilgangoora 2025 1.3% Goulamina Grade
Slide 10: POSCO JV provides supply chain integration
POSCO JV provides supply chain integration P-PLS a key component of South Korean battery and EV ecosystem For personal use only • 18% interest in lithium hydroxide (LH) facility in Gwangyang, South Korea - nameplate capacity of 43ktpa. • Train 1 and Train 2 achieved production of battery grade quali
Slide 11: Asia to the Atlantic – Colina Project Brazil
Asia to the Atlantic – Colina Project Brazil Asset portfolio diversified and enlarged with the Latin Resources acquisition For personal use only • 100% owned hard rock project • PLS drilling in progress targeting resource extensions • Study optimisation underway – outcomes due June Quarter 2026 • Pr
Slide 12: FY26 Priorities – Discipline and execution
FY26 Priorities – Discipline and execution Operational excellence, disciplined cost control, and capital efficiency For personal use only Unlocking the full value of Pilgangoora investments through Operate operational excellence and disciplined cost control Modest investment in growth optionality in
Slide 13: PLS – Positioned to capitalise
PLS – Positioned to capitalise PLS is uniquely placed to navigate and grow with the market cycle For personal use only SCALE DELIVERY BALANCE GROWTH LEADERSHIP SHEET OPTIONS Largest global Major expansions Sector leading Brazil, Mid- Global, diversified, independent hard built and operating balance
Slide 14: Contacts
Contacts For personal use only Investor Relations James Fuller Group Manager Investor Relations T: +61 (0) 488 093 763 James.Fuller@pls.com Media Michael Vaughan Fivemark Partners T: +61 (0) 422 602 720 14
Slide 15: Appendices
For personal use only Appendices 15
Slide 16: Important notices
Important notices This document has been prepared by Pilbara Minerals Limited (PLS or the Group) and is dated 5 August 2025. For personal use only Not an offer of securities This document is provided for informational purposes and does not constitute or contain an offer, invitation, solicitation or
Slide 17: Important notices
Important notices Important Information regarding Mineral Resources, Ore Reserves For personal use only Information in this document regarding production targets and expansions in nameplate capacity of the Pilgangoora Operation in respect of the P850 and P1000 operating models and the P2000 expansio
Slide 18: Sources for slide chart
Sources for slide 9 chart For personal use only Total (M,I&I)3 Measured Indicated Inferred Date Tonnage Grade Tonnage Grade Tonnage Grade Tonnage Grade Company1 Project name Stage2 (announced Announcement / report title (Mt) (% Li2O) (Mt) (% Li2O) (Mt) (% Li2O) (Mt) (% Li2O) ) Pilbara Minerals Limit
Slide 19: Sources for slide chart
Sources for slide 9 chart Total (M,I&I)3 Measured Indicated Inferred For personal use only Date Tonnage Grade Tonnage Grade Tonnage Grade Tonnage Grade Company1 Project name Stage2 Announcement / report title (announced) (Mt) (% Li2O) (Mt) (% Li2O) (Mt) (% Li2O) (Mt) (% Li2O) Proposed Merger & Equit