Announcement PDF ASX : LIT Energising a better world Investor Presentation February 2025 Livium Ltd securities are listed on Australian Securities Exchange (ASX Codes: LIT, LITOA, LITOB) Disclaimer This presentation is for information purposes only. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction. This presentation may not be distributed in any jurisdiction except in accordance with the legal requirements applicable in that jurisdiction. Recipients should inform themselves of the restrictions that apply in their own jurisdiction. A failure to do so may result in a violation of securities laws in that jurisdiction. This presentation does not constitute financial product advice and has been prepared without taking into account the recipients’ investment objectives, financial circumstances or particular needs, and the opinions and recommendations in this presentation are not intended to represent recommendations to particular persons. Recipients should seek professional advice when deciding if an investment is appropriate. All securities transactions involve risks, which include, among others, the risk of adverse or unanticipated market, financial or political developments. Certain statements contained in this presentation, including information as to the future financial or operating performance of Livium Ltd (ABN 29 126 129 413) (‘the Company’) and its business and operations, are forward-looking statements. Such forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant technical, business, economic, competitive, political and social uncertainties and contingencies, involve known and unknown risks and uncertainties that could cause actual events or results to differ materially from estimated or anticipated events or results reflected in such forward-looking statements, and may include, among other things, statements regarding targets, estimates and assumptions in respect of commodity prices, operating costs and results and capital expenditures, or may be, based on assumptions and estimates related to future technical, economic, market, political, social and other conditions. The Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise. The words ‘believe’, ‘expect’, ‘anticipate’, ‘indicate’, ‘contemplate’, ‘target’, ‘plan’, ‘intends’, ‘continue’, ‘budget’, ‘estimate’, ‘may’, ‘will’, ‘schedule’ and other, similar expressions identify forward-looking statements. All forward-looking statements in this presentation are qualified by the foregoing cautionary statements. Investors are cautioned that forward-looking statements are not guarantees of future performance and, accordingly, investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein. Many known and unknown factors could cause actual events or results to differ materially from estimated or anticipated events or results reflected in such forward-looking statements. Such factors include but are not limited to: competition; ability to meet additional funding requirements; commercialisation risks; development and operating risks; uninsurable risks; risks associated with intellectual property; environmental regulation, permitting and liability; battery management, including fire risk; currency risks; effects of inflation on results of operations; factors relating to title to properties; dependence on key personnel, and share-price volatility. Refer to the Company’s prospectus dated 12 October 2022 for additional details regarding key risks facing the Company. They also include unanticipated and unusual events, many of which it is beyond the Company’s ability to control or predict. Whilst care has been exercised in preparing and presenting this presentation, to the maximum extent permitted by law, the Company, and its representatives: ▪ Make no representation, warranty or undertaking, express or implied, as to the adequacy, accuracy, completeness or reasonableness of this presentation; ▪ Accept no responsibility or liability as to the adequacy, accuracy, completeness or reasonableness of this presentation; and ▪ Accept no responsibility for any errors or omissions from this presentation. ASX: LIT | February 2025 | investorhub.liviumcorp.com | www.liviumcorp.com 2 “ We have prioritised the scale up of battery recycling and are commercialising the other technologies alongside strategic investors. Our strategic initiatives include: 1) driving volumes and profits in recycling, 2) completing LieNA® JDA activities, and 3) commercialising our unique LFP technology. An investment in Livium represents a compelling opportunity to be leveraged to the rapidly growing battery supply chain and retain significant upside potential via our unique technologies, while also ensuring limited exposure to cyclical swings in commodity pricing.” Simon Linge Managing Director & CEO of Livium Where we focus today BATTERY MATERIALS High value opportunities across the lithium value chain PROGRESS TO DATE A$30m government grant secured3 and discussions with potential development partners in progress BATTERY RECYCLING (PRIORITY) OVERVIEW Provision of battery recycling services via agreements with leading industry participants COMMERCIAL MODEL Technology licensing OR owned and operated commercial scale plants PROGRESS TO DATE Growing lithium-ion battery collections and associated revenues, operating cash profits REVENUE GROWTH POTENTIAL Potential annual revenue of US$319m assuming a 25,000 tpa4 commercial plant and an LFP price of ~US$12.75/kg5 COMMERCIAL MODEL Upstream service fees and downstream sales of recycled materials LITHIUM CHEMICALS OVERVIEW Proprietary processing technology to improve lithium mining yields by up to 50%6 REVENUE GROWTH POTENTIAL Large format batteries set to grow 24x over the next decade1 Commercialised OVERVIEW Proven technology for production of LFP / LMFP2 battery cathode materials PROGRESS TO DATE Joint Development Agreement with Mineral Resources with initial activities complete, new activities progressing Future opportunities Notes: 1. Source: Battery Market Analysis - The latest market data for the battery industry in Australia: B-cycle (2023), company analysis; 2. LFP: Lithium ferro phosphate, LMFP: Lithium manganese ferro phosphate; 3. See ASX announcement, ‘Livium secures up to A$30 million grant from ARENA for Australian LFP demonstration plant’, 20 February 2025; 4. Company estimate: 25,000 tonnes per annum; 5. Avenira Limited (ASX; AEV) Announcement (Scoping Study, 2 March 2023), Ave. LFP Basket Price; 6. Assumes existing mine concentrator is 60%: 60% to 90% Li recovery increase assumes lithium extraction technology recovers 75% of lithium units going to tails; 7. Company cautions that although it considers this to be a reasonable expectation, there is no guarantee that this rate will be achieved; 8. Estimated revenue for the 50:50 JV based on: typical operation with 20,000tpa processing capacity (company assumption), achieving an average sale price of US$13,000/t (Source: SMM, Lithium Carbonate (99.5% Battery Grade) , 26 June 2024 converted at prevailing CNY/USD rate) at an 8% royalty rate; COMMERCIAL MODEL Licensing to domestic and global miners at a gross product royalty rate of 8%7 REVENUE GROWTH POTENTIAL Up to ~US$21m p.a. from a single licence8 ASX: LIT | February 2025 | investorhub.liviumcorp.com | www.liviumcorp.com 4 Battery Recycling Battery Recycling: How we operate LIT is Australia’s leading onshore battery recycler, with revenue generated through service fees at collection and through downstream sales revenue COLLECTION STORAGE DISCHARGING & DISMANTLING PROCESSING & METAL RECOVERY Batteries received from customers with a service fee charged on delivery Batteries stored at recycling facilities with industry leading safety measures Any residual energy is discharged from the batteries before being dismantled Battery cells are shredded, and the materials are separated. Revenue generated The main outputs are Mixed Metal Dust (MMD, or Black Mass), steel, copper, aluminium, and plastics SALES The primary output, MMD, is sold through offtake agreements, while the other outputs are sold to local traders Revenue generated ASX: LIT | February 2025 | investorhub.liviumcorp.com | www.liviumcorp.com 6 Proven economic engine for lithium-ion batteries Revenue generated from providing collection / processing services and sale of recycled materials Economic drivers Livium recycling collection volumes and profits1 4.50 Collection volume (Tonnes) 400 4.00 46 138 300 Charged for the collection and processing of batteries, and provision of complimentary services. Relatively stable earnings given service-based revenue. 5.00 31 235 174 3.00 66 167 2.50 200 2.00 76 107 242 100 89 73 1.50 300 67 110 18 32 1.00 85 0.50 0 0.00 Q1 FY24 Q2 FY24 Large-format LIBs Q3 FY24 Q4 FY24 Small-format LIBs Q1 FY25 Other Downstream sales 3.50 Q2 FY25 Gross profit unit rate A$/kg collected 500 Upstream fees (“Fee for Service”) Optimised commercial model driving LIB collections growth Processing of LIBs2 produces MMD3 which is sold at market prices, with profit share arrangements in place. Processing also yields other metals (e.g. aluminium, copper, steel etc.). Cost management Operating costs (cost of sales) are predominantly labour based, and therefore fixed in nature. Commercial partnerships Strategic recycling agreements are expected to drive significant uplift in collection volumes and underpin future collections growth. Notes: 1. Company analysis; 2. Lithium-ion batteries; 3. Mixed Metal Dust or black mass ASX: LIT | February 2025 | investorhub.liviumcorp.com | www.liviumcorp.com 7 EOL1 Battery Projected Volumes Significant industry tailwinds from increased take-up of EVs and ESS1 Current estimated annual EOL (tonnes)2 By 2030 estimated annual EOL (tonnes)2 By 2035 estimated annual EOL (tonnes)2 Estimated CY25 EOL EV / ESS volumes were 5x that collected by Envirostream5 113,040 51,200 28,670 2,110 1,250 ESS EV 32,030 Total Current Estimated Large Format Addressable Market A$20 million3,4 32,280 30,880 14,820 Handheld 59,980 ESS 20,780 5,500 EV Handheld Total 2030 Estimated Large Format Addressable Market A$122 million3,4 ESS EV Handheld Total 2035 Estimated Large Format Addressable Market A$485 million3,4 Notes: 1. EOL = end of life; 2. Source: Battery Market Analysis - The latest market data for the battery industry in Australia: B-cycle (Oct23), Company analysis; 3. Estimated market revenue potential based on the total of ESS and EV volumes at the average achieved Livium revenue unit rate in CY24 (refer announcement “Quarterly Activities Report December 2024”, dated 29 January 2025; 4. Company cautions that although it considers this to be a reasonable estimate, there is no guarantee that these revenues are achievable in the future; 5. CY25 EV and ESS collections by Envirostream totalled 736 tonnes ASX: LIT | February 2025 | investorhub.liviumcorp.com | www.liviumcorp.com 8 Regulatory landscape Significant upside potential from a change in policy Current position ✓ Current landfill bans Future Position ✓ Future landfill bans In place in Victoria, Australian Capital Territory, Western Australia New South Wales (2025), Queensland (2026), Northern Territory and South Australia (2027), Tasmania (Not defined) ✓ Producer responsibility ✓ Producer responsibility improvements B-Cycle 1.0 operational for a number of years but rebates B-Cycle 2.0 (est. Q1 2026), planned as a mandatory scheme for provided for recyclers are considered insufficient by Livium all batteries, is expected to more attractive for recyclers ✓ Export control tightening ✓ Effective export bans Permit required to export end of life batteries in the past, limiting Broader and tighter restriction to access a permit (Q1 2025) with the amount sent offshore even further tightening expected in 2026 and beyond ✓ Other considerations ✓ Other considerations EU battery passport collates battery data throughout the Australia is looking to the EU battery passport program as lifecycle, including minimum recycled content (from 2027) template for future governance ASX: LIT | February 2025 | investorhub.liviumcorp.com | www.liviumcorp.com 9 Strategic battery recycling outlook Moving from foundation to build and then growth GROWTH PHASE (FY26+) • BUILD PHASE (FY25) FOUNDATION PHASE Complete ✓ ✓ ✓ ✓ ✓ ✓ ✓ Revenue of A$6.5m in FY20241 >1,500 tonnes of battery collections in FY24 Off-take agreement for MMD secured Stabilising commercial model and offer to market Recycling agreements include BYD, Volvo, Hyundai Glovis, and LG Energy Solution Optimise existing customer contracts Increase contribution mix of large-format LIBs in battery collections • • • • • Improve MMD conversion efficiency Sustain positive operating cashflows Secure further recycling agreements with tier 1 EV and ESS2 manufacturers Secure strategic and financing partners to facilitate scale up Secure WA Grant to support the development of battery recycling facility in WA • • • • Expand collections and processing capacity through development of a larger centralised “hub” facility Build national collection and storage capacity through “spoke” network Increase battery processing capacity to match collection volumes Diversify service offering to match industry requirements Explore international options for expansion Livium was featured on Channel 10, highlighting the importance of sustainable practices in the battery recycling industry. Click image on left to learn more. Notes: 1. See ASX announcement, ‘Lithium Australia’s recycling operations achieve maiden operating cash profit’, 11 July 2024; 2. EV: Electric vehicle, ESS: Energy storage systems. ASX: LIT | February 2025 | investorhub.liviumcorp.com | www.liviumcorp.com 10 Battery Materials Lithium Ferro Phosphate (LFP) value proposition Rapidly growing battery chemistry with strong adoption across global EV and ESS manufacturers1 Lithium-ion battery manufacturing cost mix6 Critical input for battery manufacturers LFP is a cathode material which represents most of input costs in the manufacture of LIBs Lower cost batteries 51 24 12 7 4 2 Cost Percentage (%) LFP batteries are ~25% cheaper than traditional nickel-based batteries, with prices continuing to decline2 Longer life cycle Relative to traditional batteries, LFP batteries have around double the longevity of traditional battery chemistries3 Rapid LFP adoption LFP batteries are being rapidly adopted by EV and ESS manufacturers due to the chemistry’s superior qualities Cathode Manufacturing & Depreciation Anode Separator Electrolyte Battery housings, etc. Global chemistry mix for EV, ESS, and consumer equipment7 (% market share) 100% 75% 50% 25% Lucrative economics and scalable Potential annual revenue of US$319m assuming a 25,000 tpa 4 commercial plant and an LFP price of ~US$12.75/kg5 0% 2022 2023f 2024f 2025f 2026f 2027f 2028f 2029f 2030f 2031f 2032f 2033f NCM LFP Sodium Lead LCO NCA LMO LTO Notes: 1. Wood Mackenzie Energy Storage Services 2020; 2. IEA, Global EV Outlook (2024); 3. WhichCar, EV battery types explained (2023); 4. Company estimate: 25,000 tonnes per annum; 5. Avenira Limited (ASX; AEV) Announcement (Scoping Study, 2 March 2023), Ave. LFP Basket; 6. BloombergNEF, Electric Vehicle Outlook (2022); 7. Fastmarkets, Growing LFP adoption drives need for more transparency across chemistry’s supply chain 2023 ASX: LIT | February 2025 | investorhub.liviumcorp.com | www.liviumcorp.com 12 Well positioned for commercial discussions LIT’s LFP product has been externally validated and is seeking value creation opportunities ✓ Proven LFP product Independently assessed and validated against commercially available Validated product products by leading battery researcher NOVONIX1 Proprietary production process ✓ Proprietary cost-competitive process Proprietary production process, developed over 10+ years, ready for LFP manufacturing at scale on a competitive basis ✓ Partner ready Securing of off-take and / or development partners remains the focus Input Lithium carbonate / other inputs before scale up of manufacturing. Samples have been provided to >20 potential customers ✓ Reducing supply chain risks Governments globally are actively seeking to lower dependency on Processing Proprietary production process Output Lithium Ferro Phosphate (LFP) China, which produces >95% of all LFP Notes: 1. See ASX announcement, ‘Final testing for Lithium Australia's LFP cathode material’, 22 September 2023 ASX: LIT | February 2025 | investorhub.liviumcorp.com | www.liviumcorp.com 13 A$30m ARENA grant secured 50% of funding secured, activities underway to achieve full funding for LFP Demonstration Plant Australian LFP Demonstration Plant Funding Activities ✓ 50% of funding secured in non-recourse funding Executed agreement ARENA for grant of up to A$30m related to an Australian LFP demonstration plant ✓ Due diligence Image – Isometric View of the Australian LFP demonstration plant ✓ Scope of Project This grant follows an extensive due diligence by ARENA, validating the technology and Livium ✓ Key condition precedent Detailed design, construction, commissioning, and two years of Drawing of the grant is conditional on securing full funding for the operation to achieve binding LFP offtake Australian LFP demonstration plant ✓ Estimated cost ✓ Funding activities in progress A$60m with plant and equipment comprising ~63% of the total A$30m funding gap being pursued via a combination that spend and the remainder working capital to support operations includes strategic investment into VSPC and asset finance ASX: LIT | February 2025 | investorhub.liviumcorp.com | www.liviumcorp.com 14 LFP commercialisation pathway A demonstration plant is an essential step before the establishment of a full-scale production facility LONG-TERM SHORT/MEDIUM-TERM COMPLETED ✓ Pilot plant operational and producing ~1-2 tpa of LFP ✓ LFP product independently validated by NOVONIX ✓ Progressed partnership discussions, as demonstrated by MOU’s with First Phosphate1 and Centrex2 • Secure A$30m balance of funding for Australian development plant from private strategic partners, to invest directly into VSPC • Development and operation of initial commercial scale plant to produce ~25,000 tpa • Scale up to achieve more than 100,000 tpa of LFP / LMFP4 production over the long-term • Development and operation of small-scale, capital efficient LFP demonstration plant • Produce sample sizes in line with customer’s product qualification requirements, which will facilitate the securing of binding offtake for VSPC products ✓ New cathode material products have been added to the VSPC suite and are under assessment with potential customers ✓ Secured A$30m in non-dilutive government funding for Australian demonstration plant3 Notes: 1. See ASX Announcement, ‘Lithium Australia signs MOU with First Phosphate’, 7 December 2023; 2. See ASX Announcement, ‘Lithium Australia signs MOU with Centrex regarding the development of LFP manufacturing’, 16 April 2024; 3. See ASX announcement, ‘Livium secures up to A$30 million grant from ARENA for Australian LFP demonstration plant’, 20 February 2025; 4. LMFP: Lithium Manganese Ferro Phosphate. ASX: LIT | February 2025 | investorhub.liviumcorp.com | www.liviumcorp.com 15 Lithium Chemicals LieNA® commercialisation pathway JDA targeting completion by end September 2025 with activities fully funded Joint Development Activities ✓ Commercialisation Pathway MinRes to provide sample materials JDA Activities ✓ Set-up and commissioning of pilot plant ✓ Commencement of engineering study Initial activities completed and commercialisation pathway assessment underway with targeted completion in September 2025 JV formation & commercial scale ✓ Produce intermediate and final product ✓ Finalise engineering study report LieNA® technology to be held within 50:50 JV with MinRes. Key focus on proving technology at commercial scale through a demonstration plant Licensing ❑ Assess alternate commercialisation pathways Licenses to miners globally at a gross product royalty rate of 8%1 (with potential to earn up to US$21m p.a. from a single licence2) ❑ Form 50:50 Joint Venture (JV) with MinRes Notes: 1. The Company cautions that although it considers this to be a reasonable expectation, there is no guarantee that this rate will be achieved; 2. Estimated revenue for the 50:50 JV based on: typical operation with 20,000tpa processing capacity (company assumption), achieving an average sale price of US$13,000/t (Source: SMM, Lithium Carbonate (99.5% Battery Grade) , 26 June 2024 converted at prevailing CNY/USD rate) at an 8% royalty rate ASX: LIT | February 2025 | investorhub.liviumcorp.com | www.liviumcorp.com 17 Outlook Key activities over the balance of FY25 Planned transformational activities seek to unlock value Battery Recycling • Sustain positive operating cashflows at current volumes. • Diversify sources of lithium-ion batteries through new recycling agreements. • Secure WA Grant to support the development of battery recycling facility in WA. • Further develop expansion plans for a larger centralised “hub” facility. • Finalise joint development agreement and funding with partner. Lithium Chemicals Battery Materials • Progress assessment of commercialisation pathway (targeted completion in September 2025). • Secure balance of demonstration plant funding from private strategic partners, to invest directly into VSPC • Select the preferred lithium product, including the potential to produce a battery grade lithium carbonate. • Continue offtake development including production of LFP / LMFP samples. • Continue raw materials strategy to support commercial scale volumes. ASX: LIT | February 2025 | investorhub.liviumcorp.com | www.liviumcorp.com 19 Appendices Corporate: Snapshot Strong balance sheet with cash and listed investments of A$5.6 million Financial information Share price performance (YTD) Share price (A$) Volume (m) $0.035 $0.030 30 Share price (19-Feb-25) 25 52-week trading range (low / high) 20 Shares on issue 15 Market capitalisation (19-Feb-25) A$18.2m 10 Cash (31-Dec-24) A$5.1m 5 Listed investments1 (31-Dec-24) A$0.5m Cash and listed investments (31-Dec-24) A$5.6m Debt (MinRes Convertible Note) (31-Dec-24) (A$4.2m) $0.025 A$0.014 A$0.012 / A$0.032 1,347m $0.020 $0.015 $0.010 $0.005 $0.000 0 Volume (m) Share Price (A$) Notes: 1. Includes Core Lithium Limited (ASX: CXO) and Evion Group NL (ASX: EVG). Subsequent to 31 December 2024, the Company has disposed the majority of its listed investments. ASX: LIT | February 2025 | investorhub.liviumcorp.com | www.liviumcorp.com 21 Corporate: Board and management High profile and experienced leadership team LIT Directors Simon Linge Managing Director and CEO 25+ years of senior management experience within global manufacturing, recycling and engineering services Phil Thick Kristie Young Interim Non-Executive Chair Non-Executive Director 30+ years’ experience as a senior executive across oil & gas, mining and chemical processing sectors 25+ years’ experience focusing on the resources sector, with 15+ years’ experience on boards and committees LIT Management Stuart Tarrant Chief Financial Officer 20+ years’ experience with mineral extraction, mineral exploration, finance and agribusiness Steven Marshall GM - Recycling 10+ years’ experience in the recycling industry with proven commercialisation experience Andrew Skalski Andrew Napier GM – Safety, Risk, and Integration Julie Coleman GM - Technology Development Chief People Officer 30+ years’ experience in mining operations, mineral project development and battery materials 25+ years’ experience in the design, construction and commissioning of Greenfields and Brownfields facilities 30+ years’ experience in HR across mining, telecommunications, and higher education sectors ASX: LIT | February 2025 | investorhub.liviumcorp.com | www.liviumcorp.com 22 LIB waste set to increase significantly Focus on EV / ESS demonstrates the near-term opportunity for collections growth 550 90% 500 400 60% 350 300 50% 250 40% 200 30% 150 20% 100 25 EOL Battery Volumes (kT) 70% % EV/ESS of Total EOL Batteries 80% 450 EOL Battery Volumes (kT) 30 Estimated CY25 EOL EV / ESS volumes were 5x that collected by Envirostream 30 25 20 20 15 15 10 10 5 5 10% 50 Forecast (Mixed) tonnes Forecast (ESS) tonnes Forecast (EV) tonnes 2045 2044 2043 2042 2041 2040 2039 2038 2037 2036 2035 2034 2033 2032 2031 2030 2029 2028 2027 2026 0% 2025 - Forecast (Lead Acid) tonnes - Multiple of EV/ESS EOL Batteries to CY25 Envirostream EV / ESS Collections 5-Year EV and ESS EOL Battery Projections1,2 EOL Battery Projections by Market Segment1 2025 2026 2027 2028 Forecast (ESS) tonnes 2029 2030 Forecast (EV) tonnes Notes: 1. Battery Market Analysis - The latest market data for the battery industry in Australia: B-cycle (Oct23), Company analysis; 2. CY25 EV and ESS collections by Envirostream totalled 736 tonnes ASX: LIT | February 2025 | investorhub.liviumcorp.com | www.liviumcorp.com 23 SungEel HiTech: MMD off-take agreement Off-take agreement secured for at least 60% of MMD production, with JDA discussions underway Off-take agreement1 Key highlights • Signed 3-year Mixed Metal Dust (MMD) off-take agreement – effective from 1 July 2024 • SungEel HiTech will purchase a minimum of 60% of LIT’s annual MMD production – subject to minimum quality requirements ✓ Accelerates recycling growth strategy The off-take agreement is synergistic with Livium’s rapidly growing LIB2 collection volumes and MMD production, helping drive sustainable earnings growth • Discussions underway on a joint development agreement (JDA), incorporating a potential investment – initially focused on upgrading recycling equipment and expansion of processing capacity ✓ Significant addressable market LIT continues to serve the growing demand for MMD – underpinned by growing LIB collections and future uplift in product volumes ✓ Potential investment Opportunity to fund the expansion of LIT’s recycling capability and capacity in a non-dilutive manner Notes: 1. See ASX announcement, ‘Lithium Australia signs MMD off-take agreement with SungEel HiTech’, 13 June 2024; 2. LIB: lithium-ion battery ASX: LIT | February 2025 | investorhub.liviumcorp.com | www.liviumcorp.com 24 LieNA® value proposition Patented extraction technology offers ~50% higher lithium extraction efficiency ✓ Driving greater profitability for miners ~50% Unique method of processing un-used fine and low-grade spodumene, potentially yielding higher levels of lithium output Higher yield efficiency relative to existing methods1 ✓ Improves sustainability Materially less wastage as fine and low-grade spodumene typically ends up as waste streams Input ✓ Increases mine asset value Fine / Low-grade spodumene Miners can extract significantly more lithium from the same spodumene resources, increasing mine value Processing Patented lithium extraction technology ✓ Moves down value chain Output Allows miners to capture more of the value chain by processing Lithium phosphate / High grade battery materials spodumene on site into a lithium chemical Notes: 1. Assumes existing mine concentrator is 60%: 60% to 90% Li recovery increase assumes lithium extraction technology recovers 75% of lithium units going to tails. ASX: LIT | February 2025 | investorhub.liviumcorp.com | www.liviumcorp.com 25 Lithium Chemicals: Partnering with Mineral Resources Joint development agreement with A$7bn1 Australian miner validates lithium extraction technology Strategic Partnership2 • • MinRes will fund joint development activities (up to A$4.5m) with balance of funding from R&D tax credits LIT to provide its extraction technology, LieNA®, and will manage JDA activities • Upon successful completion of JDA activities, a new 50:50 JV will be formed between LIT and MinRes • New JV aims to licence the technology at a headline gross product royalty rate of 8%3 • First licence will be for the demonstration plant, which is expected to be funded and operated by MinRes Highlights ✓ Ideal partner Leveraging MinRes’ extensive mining operations and robust client base as an ASX50 company ✓ Free-carry Effectively free-carries LIT to commercialisation of the technology ✓ Large addressable global market Opportunity to target both brownfield and greenfield lithium mines globally ✓ Significant progress to date ~A$4.2m of MinRes funding has been received to date, with key activities progressing4 Notes: 1. Market capitalisation as at 15 January 2025. 2. See ASX announcement, ‘Landmark joint development agreement with Mineral Resources’, 7 August 2023. 3. The Company cautions that although it considers this to be a reasonable expectation, there is no guarantee that this rate will be achieved. 4 See ASX Announcement, ‘Lithium Australia completes LieNA piloting and confirms fourth drawdown from Mineral Resources’, 19 July 2024. ASX: LIT | February 2025 | investorhub.liviumcorp.com | www.liviumcorp.com 26 Lithium Chemicals: LieNA® process Potential to broaden the quality of feed for extraction of lithium at scale Process more selective than Conventional Thermal Conv