Lake Resources N.l. · ASX:LKE
Lake Resources N.l — Shareholder Meeting (November 2025)
21 slides from Lake Resources N.l's shareholder meeting presentation, Nov 20, 2025
Slide 1: Annual General Meeting
Annual General Meeting 20 November 2025
Slide 2: Disclaimers
Disclaimers General Statement and Cautionary Statement This presentation has been prepared by Lake Resources N.L. (Lake) for information purposes and not any particular party. The information in this presentation is based upon public information and internally developed data and reflects prevailing
Slide 3: Major Milestones Achieved in 2025
Major Milestones Achieved in 2025 Strategic Advancement of the Kachi Project Completed JORC Update Increased Total Ore Reserve Statement Kachi Phase One Resource To Confirmed Lithium Grade Of DFS Addendum 1 11.1Mt LCE 2 268 mg/L 3 Completed Continue To Engage With Power Supply Offtake and FEED 4 Str
Slide 4: Kachi Project Phase One DFS Addendum
Kachi Project Phase One DFS Addendum Transformational Project Improvements: Significantly Enhanced Economics & Operational Efficiencies1 US$ 1.16B US$ 5,895/t US$ 1.5B 22.5% 249mg/L Capex Opex Pre-Tax NPV10 Pre-Tax IRR Plant Design Basis Resource Excellence & De-risking Technology and Cost Optimizat
Slide 5: Lilac DLE Technology Update – Gen Ion Exchange Media
Lilac DLE Technology Update – Gen 5 Ion Exchange Media Higher performance than any competing DLE technology featuring lower costs with first quartile economics Lilac Solutions has developed Gen 5 lithium extraction technology that significantly outperforms conventional methods and addresses key in
Slide 6: Kachi Exploitation Environmental Impact Assessment
Kachi Exploitation Environmental Impact Assessment Kachi optimisation through multiple studies provides a strong framework for permitting Lake continues to advance the Exploitation EIA approval process in close coordination with the Catamarca Environmental and Mining Ministries Recent efforts ha
Slide 7: Argentina Macro and Political Update
Argentina Macro and Political Update President Milei's reform agenda received strong voter endorsement in October midterm elections, securing his ability to continue fiscal policies Events Summary Implications for Lake Macroeconomic • 2.08% Monthly Inflation (Sept) • Remarkable progress from the 200
Slide 8: Lithium Price Volatility in 2025
Lithium Price Volatility in 2025 Q3 2025 witnessed extraordinary volatility driven by a strong news cycle and broad-based forward curve price revisions above current spot price Battery Grade Lithium Carbonate Price Forecasts Lithium Carbonate (Li2CO3 EXW China, BG)1 Long Term Incentive Prices Canacc
Slide 9: Lithium Market Supply/Demand Balance
Lithium Market Supply/Demand Balance Barrenjoey, Canaccord, Citi, and JPM — are now constructively bullish on lithium into 2026–2030, driven primarily by massive, persistent ESS demand growth, stabilizing EV demand, and a slowing However, supply significant response demand growth is anticipated to i
Slide 10: Lithium Market Demand Outlook
Lithium Market Demand Outlook Lithium demand expected to nearly double between 2025 and 2030, driven by the ESS boom (2.4x growth) and continued strong EV demand in Asia and Europe However, significant demand growth is anticipated to induce market shortfall beginning in 2029 Global Lithium Demand (J
Slide 11: Lake Resources Stock Price Performance YTD
Lake Resources Stock Price Performance YTD Lake Resources share price strengthened meaningfully in 2H 2025 due to the impact of positive operational accomplishments and sector-wide sentiment improvement 140 % Lake Resources Indexed Share Price (%) YTD 130 % August 2025: Lake released 127 % DFS Adden
Slide 12: Lake Resources Financial Highlights Q3 2025
Lake Resources Financial Highlights Q3 2025 Strong Balance Sheet and Disciplined Capital Management Financial Position & Liquidity Cost Management Cash position of A$18.0M at 30 September 2025 Expected ~40% reduction in 2025 cash expenditures with zero debt vs. 2024, exceeding projections Pro-
Slide 13: Lake Resources Strategic Priorities
Lake Resources Strategic Priorities Key areas of focus beyond 2025 o Obtain EIA Approval o Continue to optimize technical and commercial power solutions o Engage with Offtake and Strategic Partners o Work towards FID o Continue to optimize cost structure and extend financial runway 13
Slide 14: Lake Resources Leadership Team
Lake Resources Leadership Team Board of Directors Experienced, well- credentialed and highly motivated leadership team ready to deliver on Lake’s strategy and accelerate the Company’s next phase of Kachi Stu Crow Robert Trzebski David Dickson development Non-Executive Chairman Managing Director / CE
Slide 15: Thank You
Thank You
Slide 16: Appendix
Appendix
Slide 17: Mineral Resource Estimate Table
Mineral Resource Estimate Table Measured May 2025 (to 600 m depth) Inferred May 2025 Sediment Specific Brine Li Li Li Tonnes Sediment Specific Brine Li Li Li Tonnes 3 3 3 3 Unit Volume (m ) Yield % Volume (m ) Liters (mg/l) (Grams) (Tonnes) LCE Unit Volume (m ) Yield % Volume (m ) Liters (mg/l) (Gra
Slide 18: Reserve Statement
Reserve Statement Reserve Statement Lithium LCE Average Lithium Reserve Category Years (Tonnes) (Tonnes) (mg/L) Proved 1 4,390 23,310 270 Proved 2–7 28,360 150,850 270 Probable 8 – 25 85,060 452,540 267 Total 1 – 25 117,810 626,760 Note: This table has been directly extracted from the Updated Ore Re
Slide 19: Automic Group: Voting Login & Registration
42 AUTOMIC GROUP Manage Your Holdings & Securities. VOTING INTENTION, Will you be registering to vote? ‘The lve stream will become avaliable ‘once intention reg gistered 4g AUTOMIC GROUP™ 7 Investor sign in 02 03 Login & Registration Go to https://investor.automic.com.au/#/home Under Meetings menu,
Slide 20: Registration and Voting Instructions
Registration G Preferred name: Ethan Brown ¢ © Key Documents D Ask a Question G Submit Votes 4g AUTOMIC GROUP™ Voting Instructions Once registered and voting has opened, click on the “Voting” dropdown Select either the “Full” or “Allocate” and then your voting direction for each resolution Follow th
Slide 21: Ask a Question
DP Ask a Question My Questions [A texrauestion | Q versat question 4g AUTOMIC GROUP™ Ask a Question Click on the “Ask a Question” dropdown, then “Ask Question” Choose Text Question or Verbal Question Type your question then select the relevant resolution and holding/capacity. Once done click “Submit
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