Slide 1: San José Lithium Project
\ vernery 9 NOVEMBER 2023 NJ JOSE LITHIUM PROJECT ~ ~ CTY) www.infi ithium.com ASX:INF
Slide 2: Disclaimer - Scoping Study Cautionary Statement
DISCLAIMER Scoping Study - Cautionary Statement The Updated Scoping Study referred to in this announcement has been undertaken to assess the viability of an underground-only mining operation and integrated lithium chemical production facility at San José. It is a preliminary technical and economic s
Slide 3: Disclaimer - For Consideration
DISCLAIMER For Consideration This presentation has been prepared by Infinity Lithium Corporation Limited “Infinity Lithium”. This document contains background information about Infinity Lithium current at the date of this presentation. The presentationis insummary form and does not purport to be all
Slide 4: Corporate Information, Board of Directors, Management
CORPORATE INFORMATION (ASX:INF) Shares on issue ~ 462.6m Options, SARS ~ 52.2m Share price (1) A$0.085 Market Cap (2) A$39.3m Cash (3) (Debt: nil) A$11.3m BOARD OF DIRECTORS Adrian Byass Non - Executive Chairman Ryan Parkin CEO & Managing Director Ramón Jiménez CEO Extremadura New Energies Jon Stari
Slide 5: Lithium Hydroxide
Lithium Hydroxide Increased Monohydrate (LHM) per annum Improved New process delivers exceptional Production steady state production ( Recoveries LHMS. and for processing driven by increased recoveries and efficiencies on-site feedstock Compelling cost and investment Innovative Conversion Process Li
Slide 6: Utilising one of the EU's largest lithium deposits as feedstock
Utilising one of the EU's largest lithium deposits as feedstock for a fully integrated on-site lithium conversion facility. ROM Average 2Mtpa Life-of-Mine LHM Production 26 Years 33ktpa WAVE, fa ‘cierrastional a= nono a MINING SENSE simulus yp CUBE CONSULTING Process plant design and cost estimates
Slide 7: San José Resource
San José Resource + Lithium bearing mica + One of Europe's largest hard rock lithium deposits + Large homogenous resource + Open along strike and at depth Backend Metallurgy Industry standard processing of lithium liquor and the purification & crystallisation to battery grade end product Conventiona
Slide 8: Conversion Process for San José
Conversion Process for San José Industry Standard Hard Rock Conversion Process PURIFICATION & _« BENEFICIATION CRYTALLISATION (x CALCINATION > x ROASTING > LEACHING INFINITY LITHIUM Not required with Li-Stream RPK™ WWW. INFINITYLITHIUM.COM 8
Slide 9: Resource
RESOURCE Mineralogy mineralisation (beyond crushing), calcining or roasting before leaching + Zinnwaldite mica replacement deposit hosted by pelitic shales of the Central Iberian Zone, with lithium mineralisation occurring predominantly within the slates * Host rock comprises roughly equal parts mic
Slide 10: Resource remains open along strike and at depth
Resource remains open along strike & at depth 10
Slide 11: Underground Mining
UNDERGROUND MINING Established mineral Social & Environmental 2Mtpa ROM Resource access via portal Underground mining and adjacent to processing facility resource extraction In direct response to the local delivery of ROM for direct Transport & service decline 1,300m Long hole open stoping with comm
Slide 12: Processing
PROCESSING ©) Reduced Residence & Processing Times: Simplified and fast conversion process Improved Recoveries & (tl) Environmental Profile: Greater than 90% recoveries — increased production volumes & scale potential” Referto ASX Announcement Updated Scoping Study: 8 November 2023 WWW. INFINITYLITH
Slide 13: Integrated OPEX Solution Low Unit Cost
Integrated OPEX Solution Low Unit Cost Integrated on-site production of battery grade LHM maintains high operating margins One of the lowest cost integrated assets from ROM to product. In addition, production costs are presented before transport costs to customers; San Joséis located inthe EU & clos
Slide 14: CAPEX
CAPEX —_ Pre-Production CAPEX The integrated San José pre-production CAPEX is an investment ina socially and environmentally aligned project aligned to the region of Extremadura with efficiencies in lithium recoveries and energy composition. 4.2 years Payback period (post-tax) Pre-Production CAPEX T
Slide 15: Exploration Permit Extremadura S.E. granted over extended project area
Exploration Permit Extremadura S.E. granted over extended (9.3ha)project area’? Collaboration with regional government and stakeholders Government response received Streamlining of ensuing environmental submission Option for long-term lease secured over lands proposed for the industrial development
Slide 16: Ownership
OWNERSHIP | Call option to move to LITHIUM velorizamineria 100% any time prior to FID i Clear Path to 100% | La INFINITY sacyr tmvarvumouuconronanon rose (EET castuanmune si. EE} canal a | 100% Administrative Control |) EXTBEMADURA Infinity holds 75% interest eon in Project = zs | #EcvoLocia TECNOLO
Slide 17: Green and Secure Energy Strategy
GREEN AND SECURE ENERGY STRATEGY NO ONGOING NATURAL RENEWABLE ENERGY GAS REQUIREMENT ENERGY CO-GENERATION Alignment to potential Consideration for European Reduced net energy localised renewable energy security through removal consumption through energy source and access of annual natural gas energy
Slide 18: Focused on Emission Reduction
FOCUSED ON EMISSION REDUCTION Underground extraction of feedstock: 20 Sh No disturbance to surface Low CO, footprint aligned to EU market priorities 8 3\_No shipping of plant feedstock: n Resource & conversion plant on site no carbon 16 7 = footprint from transport Low CO, footprint for ~ 4 integrat
Slide 19: Schedule
SCHEDULE Key Milestone EIASD* Lodged! Exploration Permit Application Exploration Permit Granted? EIASD Receive? Li-Stream Optimisation Scoping Study Li-Stream Locked Cycled Test Work* Exploitation Concession Application PREMIA** Application DFS and FEED Construction Permit Application Construction P
Slide 20: Infinity Lithium
INFINITY LITHIUM WWW. INFINITYLITHIUM.COM 20
Slide 21: Appendix 1: Pricing
APPENDIX 1: PRICING Long Term Pricing Outlook remains strong: the Study pricing assumptions at US$27,000 Independent Pricing Fastmarkets provided independent lithium market report with specific attention to EU outlook" ise arkets nian Cw Av. LHM price (US$/t) 27,000 30,778 35,926 NPV »,(post-tax US$
Slide 22: Lithium market outlook (CAGR by region)
CAGR 54% CAGR 11% Europe Australia North America Rest of World 1% 0.30% 2% 0.10% South America 31% China 66% 22
Slide 23: Appendix 3: Market Outlook (Continued)
APPENDIX 3: MARKET OUTLOOK (CONTINUED) European Supply Deficit Forecast of Battery Grade Lithium Chemicals 000’ tonnes LCE 600 2023) 2024/2025 ‘| ‘| “| =I 2000] a | 2092) 2033] 500 400 30 8 201 3 101 3 ° -100 -200 -300 Supply mDemand mBalance ‘Source: Fastmarkets Lithium Market Report July2023, WWW.
Slide 24: San José and European automotive production
(2000 SAN JOSE \ on _ LITHIUM Wy ony) H ice Invest in Spainhttps://www.investinspain.org/content/icex-invest/en/sectors/automotive ‘See Appendix InsideEV's Plug n ElectricCar Sales June2023 - Refer Appendix pone European Automobile Manufacturers’ Assoc. https’ /www.aceaauto/figure/interactive-map-au
Slide 25: Appendix 5: Board of Directors and Management
APPENDIX 5: BOARD OF DIRECTORS AND MANAGEMENT ADRIAN BYASS Non-Executive Chairman JONATHAN WHYTE CFO & Company Secretary WWW. INFINITYLITHIUM.COM RYAN PARKIN CEO & Managing Director JUSTIN SAMULSKI General Manager Corporate Affairs Extremadura New Energies RAMON JIMENEZ Executive Director / CEO DAVI
Slide 26: Appendix 6: Project Evaluation Summary
APPENDIX 6: PROJECT EVALUATION SUMMARY Study Team Metri Value | | INFINITY Jon Starink - Chief Technical Officer Ave LHM production (steady state) 733,274tpa neeNTECH Dr David Maree - Chief Process Engineer NPVgx pre-tax €3,8tim US$4,116m Ryan Parkin - Managing Director and CEO IRR pre-tax 25.8% | \
Slide 27: Appendix 7: Pricing Sensitivities
APPENDIX 7: PRICING SENSITIVITIES 's: NPV (Post-Tax) Sensitivities: IRR (Post-Tax) soos son am oon soe = toon = m0 : H S 5 omy BOL aE oy (200m) (sy (cam) ost ‘% Change in Area (00% 9% Change in Area varie ome cpt tans te vec tt tin prco ——opex ——capex —trchango rate —Discount Rate WWW. INFINITYLITHI