Announcement PDF ASX ANNOUNCEMENT 25 September 2025 Corporate Presentation Livium Ltd (ASX: LIT) (“Livium” or the “Company”) is pleased to provide a Corporate Presentation which summarises the commercial recycling adjacency activities announced over the past few weeks. No new material information is disclosed in this presentation. A copy of the Corporate Presentation is attached and can be viewed on the Company’s website. Authorised for release by the Managing Director and CEO. Simon Linge Stuart Tarrant Managing Director / CEO Mobile +61 (0) 438 721 280 Chief Financial Officer Mobile +61 (0) 467 817 005 simon.linge@liviumcorp.com stuart.tarrant@liviumcorp.com Forward-looking statements This announcement contains forward-looking statements. Forward-looking statements are subject to a variety of risks and uncertainties that it is beyond the Company’s ability to control or predict and which could cause actual events or results to differ materially from those anticipated in such forward-looking statements. Investors should be aware that past performance should not be relied upon as being indicative of future performance. About Livium Livium (previously Lithium Australia) is aiming to lead and enable the global transition to sustainable lithium production. The Company operates Australia’s market leading battery recycler, produces critical battery material lithium ferro phosphate (LFP), and has developed a patented lithium extraction technology (LieNA®). Livium’s revenue-generating recycling business and technologies are well-placed to capitalise on growing global lithiumion battery demand and provides diversification benefits to global supply chains. Divisions of Livium Page 1 of 1 Livium Ltd Unit 1, 79-83 High Street ASX: LIT ACN: 126 129 413 Kew, Victoria 3101 Investorhub.liviumcorp.com T: +61 (0) 3 7017 2656 liviumcorp.com E: info@liviumcorp.com ASX : LIT Energising a better world Commercial recycling adjacencies September 2025 Livium Ltd securities are listed on Australian Securities Exchange (ASX Codes: LIT, LITOB, LITOC) 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 Options prospectus dated 17 April 2025 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 | September 2025 | investorhub.liviumcorp.com | www.liviumcorp.com 2 Australia’s leading battery recycler Proven access to waste underpins diversification strategy into emerging, high value opportunities Battery Recycling Vertical Core Operation Livium operates Envirostream, Australia’s market-leading lithium-ion battery recycler. Envirostream charges its growing customer base a “Fee for Service”, delivering gross profit for all volumes received. Customers include leading industry participants as below: Other Recycling Verticals Proven collection and preStrategic Growth processing capability, underpins Global Addressable Markets readiness for Black Mass Processing: US$52Bn by 20321 adjacencies Photovoltaic (PV): US$3Bn 20342 Rare Earth Element (REE): US$7Bn by 20263 Non-Recycling Verticals Long-term opportunities 1. 2. 3. LieNA® Disruptive lithium extraction technology via a 50:50 JV with Mineral Resources Ltd (ASX: MIN). VSPC Next generation lithium ferro phosphate (LFP), the fastest growing battery material. https://www.marketsandmarkets.com/Market-Reports/black-mass-recycling-market-114706852.html International Energy Agency (IEA) Global Critical Minerals Outlook 2025 (May 25) SOLAR PANEL END-OF-LIFE MANAGEMENT IN AUSTRALIA 2023 (University of Sydney) ASX: LIT | September 2025 | investorhub.liviumcorp.com | www.liviumcorp.com 3 Lithium-ion Battery Opportunity EV / ESS dominates long-term EOL battery volume growth The Addressable Battery Market: Volume Outlook1,2 EOL Battery Projections by Market Segment1,2 550 70% 400 60% 350 300 50% 250 40% 200 30% 150 20% 100 % EV/ESS of Total EOL Batteries 80% 450 EOL Battery Volumes (kT) Current estimated annual EOL (tonnes) 90% 500 Envirostream only collects ~20% of estimated waste5 By 2030 estimated annual EOL (tonnes) 43% CAGR in ESS / EV volumes by 20302 51,200 28,670 2,110 32,030 30,880 14,820 1,250 5,500 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 Current Estimated Large Format Addressable Market A$25 million3,4 2030 Estimated Large Format Addressable Market A$151 million3,4 Notes: 1. Battery Market Analysis - The latest market data for the battery industry in Australia: B-cycle (Oct23); 2. Company analysis; 3. Estimated market revenue potential based on the total of ESS and EV volumes at the average Livium revenue unit rate of A$7.41/Kg achieved in FY25; 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. FY25 EV and ESS collections by Envirostream totalled 667 tonnes ASX: LIT | September 2025 | investorhub.liviumcorp.com | www.liviumcorp.com 4 Black Mass Processing Opportunity Off-take agreement for at least 60% of MMD production provides baseline1 Current state Future potential ▪ Livium collects, dismantles and processes lithium-ion batteries (collectively Pre-Processing) ▪ Livium holds certain patents in relation to the above activities Huge addressable market ▪ Global black mass recycling market is expected to rapidly grow, reaching US$51.7 billion by 20322. ▪ The key product from these activities is black mass (often referred to as mixed metal dust or MMD) ▪ Livium sells black mass internationally including under a 3-year off-take agreement with SungEel HiTech ▪ SungEel HiTech purchases up at least 60% of production – subject to minimum quality requirements ▪ Demand for black mass is high due to global under utilisation of black mass processing capacity Increasing demand for critical materials ▪ Improved economics ▪ Advancing through the value chain will help to drive sustainable earnings growth. Need for new technologies ▪ Notes: 1. See ASX announcement, ‘Lithium Australia signs MMD off-take agreement with SungEel HiTech’, 13 June 2024; Geopolitical shifts underpin demand for recycled materials, such as black mass, in the energy transition. Low capex black mass extraction technologies allow localised processing, reducing carbon footprint. 2. International Energy Agency (IEA) Global Critical Minerals Outlook 2025 (May 25) ASX: LIT | September 2025 | investorhub.liviumcorp.com | www.liviumcorp.com 5 PV Recycling – a US$2.67Bn Global Opportunity1 Why now? Significant national deployment coupled with regulatory drivers result in a need to PV waste solutions today Projected Annual PV Waste (tonnes)2 Economic drivers2 Addressing Rising Waste Volumes 100,000 90,000 Over 90kTpa of EOL panels in Australia by 2035 creates a large, guaranteed feedstock for recycling operations. 80,000 High Material Value Panels contain aluminium, glass, copper, silver, and silicon—worth ~$1,000/tonne3, offering potential downstream revenue. 70,000 60,000 50,000 Regulatory Push . Currently only 10% of panels are recycled. In 2025, a product stewardship scheme is expected, banning landfilling and requiring producers to fund recycling. 40,000 30,000 Export Restrictions Basel Convention amendments in place for the export of solar waste, increasing domestic processing demand. 20,000 10,000 Australian Outlook 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Notes: 1. Solar PV Recycling Market Size in Australia 2023 3. Company analysis 2. Solar Panel End-Of-Life Management The country is projected to generate over 100,000 tonnes of solar panel waste annually by 2030. ASX: LIT | September 2025 | investorhub.liviumcorp.com | www.liviumcorp.com 6 REE US$7.3B Global Market1 ▪ Rare Earth Elements (REE) are becoming a key component in geopolitical trade discussions.. ▪ Currently China processes ~90% of the world's rare earth supply2. ▪ Chinese custom officials are scrutinising and restricting orders from overseas customers. ▪ In turn, demand of rare earths outside of China continues to grow. ▪ Magnetic REEs comprise ~30% of REE volume but capture more than 80% of the value3. ▪ Global addressable market for REE is expected to reach US$7.3 billion by 20264. ▪ Secondary supply is looked upon favourably as a gateway for local supply. Currently only 1% of the world’s REE is recycled5. Notes 1: Graphics/table on right: International Energy Agency (IEA) Global Critical Minerals Outlook 2025 (May 25); 2. Business Insider: China rare earths are biggest card trade talks with Trump (June 25); 3. McKinsey & Co: Powering the energy transition’s motor: Circular rare earth elements (June 25); 4. Business Wire: Global Rare Earth Elements Market Report to 2026 - Growth Trends and Market Forecast (May 22); 5. Discovery Alert:Rare Earth Elements in Trade and Tariffs: Geopolitical Implications 2025 (April 25) ASX: LIT | September 2025 | investorhub.liviumcorp.com | www.liviumcorp.com 7 Strategy Execution: Won Kwang S&T Leveraging Livium’s supply chains to capture a fast-growing segment of the clean energy waste sector Partnership with Won Kwang S&T for end-of-life (EOL) PV recycling Phase 1 Export PVs Proven Won Kwang is a leader in solar energy and resource-circulation innovation. Australian Focus Partnership seeks to establish a JV to build and operate an Australian PV recycling facility. Phase 2 Frame & Glass Separation Commercial Livium will receive service fees from Won Kwang for all phases of development. Phase 3 Local full processing ASX: LIT | September 2025 | investorhub.liviumcorp.com | www.liviumcorp.com 8 Strategy Execution: Iondrive Binding Term Sheet signed to advance clean energy waste processing including solar panels, black mass, and REE Partnership Activities Commercialisation Pathway Technology Assessment ❑ Livium to provide Samples to Iondrive Livium provides Samples to Iondrive to enable Iondrive to apply its DES technologies to create and assess Product can be achieved at commercial scale ❑ Iondrive will apply Samples to its DES technologies Binding Documentation ❑ Plant design and technoeconomic assessment ❑ Livium will provide Iondrive access to Livium controlled sites Livium will supply waste materials to Iondrive to enable Iondrive to create the Product at commercial scale (possibly at Livium controlled sites) Commercialisation Livium provides commercial scale volumes of clean energy waste under commercial agreements ❑ Commercial scale supply and production ASX: LIT | September 2025 | investorhub.liviumcorp.com | www.liviumcorp.com 9 Strategy Execution: University of Melbourne Term Sheet signed with UoM explores the use of microwave technology in the extraction of rare earth elements UoM to build prototype microwave-assisted leaching system for the recovery of REE Livium has signed a Term Sheet to access an exclusive global license to explore use of microwave technology in the extraction of rare earth elements. Technology improves recoveries, reduces energy consumption and carbon footprint Recovery rates include >95% Neodymium (Nd), >80% Praseodymium (Pr) (can further improve to >90% with oxidant) Currently at TRL31, projects aims to scale up technology 100x to TRL 5-6 Advantages of Selective Leaching approach: ▪ ▪ Energy: 85% reduction relative to “Hot Block” digestion technology process Yield: Obtain higher target metal concentrates ▪ ▪ ▪ Cost: Reduce the usage of acids and reagents in the process Sustainability: Reduce the amount of wastewater Recoverability: Separation of solid and liquid much easier Livium provide feedstock and technical input, UoM to continue testwork at larger scale In addition, the technology has the potential to be applied to PGMs with recoveries using microwave heating technology achieving: 91±13 % Pt, 97±13 % Pd and 68±13 % Rh.. When further developing leaching solution, the leaching recovery of Rh can be >80%. Notes: 1. TRL: Technology Readiness Level (1 = Low, 9 = High) Licence will grant Livium exclusive global rights to the technology for the next 20 years ASX: LIT | September 2025 | investorhub.liviumcorp.com | www.liviumcorp.com 10 Why is Livium pursuing recycling adjacencies? Envirostream is ready to expand its services to meet its customer needs We have a right to play We can expand our position Meet customer needs Technology enhancement Current customer base needs a solution for these waste streams, expanding our role as recycling partner under a holistic approach. This strategy has the potential for the Company to use its preprocessing pedigree to advance into processing. Leverages core competency Commercial model A history of working with customers to solve their problems, through safe handling and pre-processing of waste streams. “Fee for Service” model developed for battery recycling deployed for alternate waste streams from similar customers. Prior delivery underpins customer confidence. Staged progress Revenue growth and diversification Utilises existing infrastructure and know-how in hazardous material collection, handling, and regulation — lowering startup friction. Expands Livium’s core battery recycling operations into connected opportunities — capturing fast-growing adjacent waste streams with high material value. Industry penetration Asset-light market entry Current industry engagement provides access to new customers and engagement with government bodies and policymakers facilitates industry maturity. Early stages require limited investment, with partners supplying key equipment and technology — ideal for phased, low-risk scaling. ASX: LIT | September 2025 | investorhub.liviumcorp.com | www.liviumcorp.com 11 Thank You Unit 1, 79–83 High Street, Kew, VIC 3101 www.liviumcorp.com