Venari Minerals Nl · ASX:VMS
Venari Minerals Nl — Investor Presentation (February 2026)
21 slides from Venari Minerals Nl's investor presentation, Feb 5, 2026
Slide 1: Red Mountain - A Globally Significant Lithium Resource in Nevada, USA
For personal use only Red Mountain - A Globally Significant Lithium Resource in Nevada, USA ASX: VMS February 2026
Slide 2: The Red Mountain Lithium Project
The Red Mountain Lithium Project For personal use only o Outstanding maiden Inferred Mineral Resource Estimate o 500Mt @ 1,139ppm Li for 3.03Mt contained LCE (700ppm Li cut-off), including o High-grade North zone - 47.9Mt @ 2,193ppm Li / 560kt LCE (1,300ppm Li cut-off) o Exploration Upside o Six zon
Slide 3: Key Financials and Company Overview
Key Financials Company Overview Share Price (@ 03.02.2026) Shares on Issue 107,631,636 $0.20 Share Price3 Options (Listed) 29,184,728 2M 0.40 2M Loan Funded Shares 642,0001 For personal use only 0.35 1M 0.30 Unlisted Options (exp. 2 Oct 2028) 3,000,000 Share Price ($AU) 1M 0.25 Performance Rights 3,
Slide 4: Lithium: an Ascendant Market
Lithium: an Ascendant Market Shanghai Metal Market Battery Grade Lithium Carbonate Price For personal use only o Global EV sales are up 28% in H1 2025 over H1 20241 CNY 153,500 / USD $22,124 o Global Battery Energy Storage System (BESS) deployments have increased by 54% in H1 2025 over H1 20242 o Gl
Slide 5: The US has a Lithium supply problem
The US has a Lithium supply problem For personal use only • The US has prioritized establishing domestic critical mineral supply chains • According to the Nevada Bureau of Mines and Geology, US domestic battery production capacity by 2030 will top 864GWh • Depending on battery chemistry, this could
Slide 6: 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 7: Red Mountain Project Overview
Red Mountain Project Overview For personal use only 33km2 of claims, 100% Venari-owned and royalty-free Location o Nye County, Nevada, USA o Immediately east of the township of Currant Infrastructure o Project adjacent to Route 6, linking mining towns of Ely and Tonopah o High-voltage 525kV ‘One Nev
Slide 8: Red Mountain Exploration
Red Mountain Exploration For personal use only Discovery o Virgin discovery by the Venari technical team o Desktop project generation followed by reconnaissance sampling o Project staked in August 2023 Soil Sampling o 1,116-point soil sampling grid over Red Mountain and Extension claims o Over 8km o
Slide 9: Red Mountain Mineral Resources
Red Mountain Mineral Resources For personal use only Maiden Inferred Mineral Resource Estimate (Feb 2026) • 500Mt @ 1,139ppm Li • 3.03Mt contained Lithium Carbonate Equivalent (LCE) • 700ppm Li cut-off Red Mountain North • 91.6Mt @ 1,618ppm Li for 790kt contained LCE Red Mountain Central • 408Mt @ 1
Slide 10: Favourable Mining Geometry
Favourable Mining Geometry 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 Mineralisat
Slide 11: Red Mountain North: A High-Grade Focus
Red Mountain North A High-Grade Focus For personal use only Red Mountain North 47.9Mt @ 2,193ppm Li for 560kt contained LCE (orange and pink, 1,300ppm cutoff) • The Maiden Mineral Resource Estimate has identified a zone of high-grade mineralisation in the north of the Project • Block grades of >1,30
Slide 12: Simplified Processing and Met Test-work
Red Mountain Sedimentary Lithium Mineralisation: Simplified Processing Met Test-work For personal use only The Company has completed substantial initial metallurgical Mining raw material test-work for the Red Mountain Lithium Project, including: Scoping leachability test-work o Lithium leachability
Slide 13: Red Mountain Exploration Upside
Red Mountain Exploration Upside For personal use only Numerous exploration opportunities, including: 5 1. A 1km x 0.5km lithium in soil anomaly with a cluster of rock chip samples with grades of up to 2,230ppm Li 2. A large 1.5 x 1.5km lithium in soil anomaly reinforced by high- 1 grade rock chips o
Slide 14: Red Mountain 2026 Outlook
Red Mountain 2026 Outlook For personal use only Lithium Carbonate Test-work (Feb) Revised JORC Exploration Target (Feb) Complete 2026 Drilling Plans (Mar) Exploration Plan of Operations Approval (Apr/May) o Increases permitted disturbance for increased drilling footprint Commence Drilling (Q2, After
Slide 15: 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 16: 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: Announcements For personal use only Sampling Techniques and Data) is based on information compiled by Mr Matthew Healy, a Compet
Slide 17: 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 18: Appendix 1: US Sedimentary Lithium Projects
Appendix 1: US Sedimentary Lithium Projects For personal use only 18
Slide 19: 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 20: Exploration-Phase ASX Lithium MREs
Appendix 3 Exploration-Phase ASX Lithium MREs For personal use only 25 $57.38m Lithium in Mineral Resources (LCE, Mt) 20 15 $208.19m 10 Red Mountain Lithium Project $80.77m $1080m 5 $31.25m $21.53m $126.86m $514.79m $133.48m $217.14m $26.3m $16.68m $172.17m $20.17m $8.1m $412.23m $19.25m $21.25m $98
Slide 21: Exploration-Phase ASX Lithium MREs (continued)
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
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