Core Lithium Ltd · ASX:CXO
Core Lithium — Shareholder Meeting (November 2025)
16 slides from Core Lithium's shareholder meeting presentation, Nov 14, 2025
Slide 1: 2025 Annual General Meeting
For personal use only ASX:CXO 2025 ANNUAL GENERAL MEETING 14 November 2025
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 overview of the Company and its strategy. The previously reported Grants ORE of 1.2Mt @ 1.31% Li2O was comprised of Proved ORE of 0.9Mt @ 1.29% This presentation does not
Slide 3: Finniss Lithium Project: Operations ready to restart
FINNISS LITHIUM PROJECT Operations ready to restart • Reserves located on Crown land with all major approvals in place For personal use only • Modern DMS process plant with associated infrastructure in place • Current 16-year Ore Reserve within <10km of the process plant • Site is well maintained an
Slide 4: Favourably located to access infrastructure and key export growth markets
FINNISS LITHIUM PROJECT Favourably located to access infrastructure and key export growth markets Producing a highly desirable, low impurity, coarse For personal use only grained spodumene concentrate for decades to come South Korea Close to key export markets in Asia and the Middle East China Japan
Slide 5: Proven Logistics: Infrastructure in place for operations
PROVEN LOGISTICS Infrastructure in place for operations Port • Access to low cost, established export ` infrastructure, 88km from the mine For personal use only • No upgrades required to the existing Mine infrastructure corridor connecting Finniss with the Port of Darwin 88km • Sufficient capacity e
Slide 6: Achievements in 2025
ACHIEVEMENTS IN 2025 A genuine repositioning of Core and the Finniss asset has occurred during the past 12 months Restart Planning Contracts / Liabilities Costs & Funding Where we are today: For personal use only Status 12 months ago: • Site remains in a • Ended all • Strict capital Core has success
Slide 7: May 2025 Restart Study Highlights
MAY 2025 RESTART STUDY HIGHLIGHTS A low cost, long life, scalable operation capable of producing a high-quality spodumene concentrate Significant Cost Reductions1 MAY 2025 RESTART STUDY PRDUCTION PROFILE For personal use only • Mining costs down ~40% to $63 – $72/t 1,400 1.60% 20 year • Processing c
Slide 8: Continuing to Drive Improvement
CONTINUING TO DRIVE IMPROVEMENT Building on the May 2025 Restart Study outcomes with further testwork and optimisation Current workstreams (pre-FID) For personal use only • Grants geotechnical studies unlock a new open pit mine plan mining later transitioning to an underground development • Brings f
Slide 9: Sustainability
SUSTAINABILITY A commitment to local employment and sustainability • Strong and supportive Northern Territory (NT) and Federal Government For personal use only • Previous operating experience with proven track record of local community engagement and high environmental performance • Wet season water
Slide 10: Focus on Cost Control
FOCUS ON COST CONTROL Instilling a culture of financial discipline during the operational pause which will continue into the restart Net operating costs (excluding one-off payments)1 For personal use only Successful implementation of cost- reduction measures 25,611 Business streamlined 20,015 and st
Slide 11: Capital Requirements and Funding
CAPITAL REQUIREMENTS AND FUNDING Funding gap closing with equity raising and further project optimisation • Strategic funding process commenced in May 2025 following release of the Restart Study For personal use only • Final investment decision subject to Board approval and securing a sufficiently a
Slide 12: Potential Production Upside
POTENTIAL PRODUCTION UPSIDE Potential to extend mine life, increase production and deliver economies of scale over time For personal use only Pathway to upgrade the plant throughput in Expansion Potential by future beyond 1.2Mtpa bringing Carlton forward Plant throughput Extension Potential Potentia
Slide 13: Finniss Lithium Project Opportunity
FINNISS LITHIUM PROJECT OPPORTUNITY1 An established low cost, long life operational restart opportunity, located 88km from the Port of Darwin Finniss is positioned to be Restart Ready For personal use only Positive Restart Study being further optimised ahead of a future resumption of operations Lowe
Slide 14: Contact
For personal use only CONTACT Core Lithium Ltd Level 4, 186 St Georges Terrace Perth, WA, 6000 info@corelithium.com.au Investor Enquiries Media Enquiries Paul Brown Michael Vaughan CEO Fivemark Partners +61 8 8317 1700 +61 422 602 720 Authorised for release by the Board of Core Lithium Ltd
Slide 15: 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 16: 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. 2. Effective date of the Carlton Ore Reserves is 5 September 2025 (“Updated Ore Reserve at For personal use only Proved 2.6 1.27