Announcement PDF ASX : LIT Energising a better world Investor Presentation October 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 | October 2025 | investorhub.liviumcorp.com | www.liviumcorp.com 2 About Livium Livium is dedicated to leading the clean energy transition by securing critical materials from sustainable material recovery. The company's core focus is the recycling of clean energy waste. Livium's subsidiary, Envirostream, is Australia’s market-leading lithium-ion battery recycler. Envirostream is seeking to expand its services into processing black mass, and recycling of solar panels and rare earth elements to meet its customers' needs. Beyond recycling, Livium has developed other innovative technologies. Lithium extraction technology, LieNA®, has progressed to a 50:50 joint venture with Mineral Resources. Livium’s subsidiary, VSPC, has developed next generation lithium ferro phosphate (LFP) process, the fastest growing battery material. Note 1: Large format (>5kg) lithium-ion battery collections Key Statistics A$6.9m 667T 1.6% FY25 Revenue (+3% on FY24) FY25 Large LIBs1 (+30% on FY24) Shareholding by staff, executive and board A$4.2m 3 58 FY25 Gross Profit (+91% on FY24) Operating sites Group employees, including board RECYCLING VERTICAL Lithium-ion Batteries Rare Earth Elements Solar (Photovoltaic) Black mass processing OTHER VERTICALS Lithium Chemicals (LieNA®) Battery Materials (VSPC) ASX: LIT | October 2025 | investorhub.liviumcorp.com | www.liviumcorp.com 3 Board and Management Proven and experienced leadership Livium Senior Leadership Livium Board of Directors Simon Linge Phillip Campbell Managing Director and CEO 25+ years of senior management experience within global manufacturing, recycling and engineering services Stuart Tarrant Steven Marshall Non-Executive Chairman Kristie Young Phil Thick Non-Executive Director Non-Executive Director Chief Financial Officer Chief Operating Officer 35+ years’ experience across a range of national manufacturing and engineering businesses and has significant experience in expanding and developing businesses 25+ years’ experience focusing on the resources sector, with 15+ years’ experience on boards and committees 25+ years’ experience with mineral extraction, mineral exploration, finance and agribusiness 30+ years’ experience as a senior executive across oil & gas, mining and chemical processing sectors 10+ years’ experience in the recycling industry with proven commercialisation experience ASX: LIT | October 2025 | investorhub.liviumcorp.com | www.liviumcorp.com 4 Corporate: Snapshot Improved balance sheet with positive outlook on Envirostream profitability 6 month share price performance Financial information1 Volume (m) Share price (30 Sep-25) A$0.014 0.016 Shares on issue 1,702m 0.015 Market capitalisation (30-Sep-25) A$24.7M 0.014 Cash (30-Jun-25) A$3.8m 0.013 Shareholder information2 0.012 BNP Paribas Nominees Pty Ltd 7.2% 0.011 10 Bolivianos Pty Ltd 3.5% 0.010 Whale Watch Holdings Limited 2.9% 0.009 Mr Kenneth Joseph Hall 1.6% 0.008 Citicorp Nominees Pty Limited 1.4% 0.007 Total of above Top 5 shareholders 16.7% 0.006 Shareholding by staff, executive and board 1.6% Share price (A$) 40 35 30 25 20 15 10 5 0 18-Mar-25 18-Apr-25 18-May-25 18-Jun-25 18-Jul-25 18-Aug-25 18-Sep-25 Notes: 1: In August 2025, Mineral Resources Ltd (ASX: MIN) converted their notes, removing the A$5.1m Debt at 30 June 2025 and forming a 50:50 JV for the LieNA® Technology. 2. As at 30 September 2025. ASX: LIT | October 2025 | www.investorhub.liviumcorp.com | www.liviumcorp.com 5 Battery Recycling Vertical Lithium-ion Battery Opportunity EV / ESS dominate long-term EOL battery volume growth Envirostream collects only ~20% of estimated waste5 The Addressable Battery Market: Volume Outlook1,2 EOL Battery Projections by Market Segment1,2 550 500 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% 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 | October 2025 | investorhub.liviumcorp.com | www.liviumcorp.com 7 Maturing Industry & Regulation Livium’s goal is to convert the escalating risk of hazardous renewable waste into a profitable domestic source of critical materials and energy security What is the problem that we are trying to solve with our recycling business? Hazardous end of use product (batteries) Increasing volumes, particularly from e-mobility and ESS, have the potential to significantly impact health and the environment, if not disposed of appropriately. Availability of critical materials Raw material shortages are forecast across energy security and national security, magnifying the need for development of domestic supply chains. Tightening regulatory landscape Global regulation is rising, increasing the need for local, high-yield, recovery of materials and product lifecycle traceability. Notes: 1: ESS = Energy Storage Systems 8 ASX: LIT | October 2025 | investorhub.liviumcorp.com | www.liviumcorp.com The Solution: Our role in the supply chain Proven collection and pre-processing capability, ready for deployment in adjacent opportunities Our Current Activities Commercial Potential Access to waste supply is our key advantage Options exist to monetise our waste supply SALE OF MATERIALS TO OFFSHORE CUSTOMERS ▪ Commercial baseline. ▪ Sale of collected waste or pre-processed materials dependent on end customer. COLLECTION STORAGE MANUAL PREPARATION PREPROCESSING & MATERIAL RECOVERY Waste streams received from customers for a service fee Responsibly stored at recycling facilities with industry leading safety measures Safe manual separation in preparation for preprocessing. Physical separation to ensure the key materials are separated for sale. To access adjacent waste streams, we will: ▪ Engage current / emerging battery customers to expand services to other waste streams. ▪ Identify new waste streams customers who do not interact with battery recycling. DEVELOP LOCAL TECHNOLOGY PARTNERSHIP ▪ Livium sourced waste materials used to jointly develop and commercialise novel processing in Australia. DEVELOP OWN TECHNOLOGY TO PROCESS MATERIALS ▪ Livium sourced waste materials used to develop and commercialise novel processing for exclusive use by Livium in Australia. ASX: LIT | October 2025 | investorhub.liviumcorp.com | www.liviumcorp.com 9 The Economic Engine with Proven Delivery Record performance underpinned by economic optimisation and improved margins Economic drivers Livium recycling collection volumes and profits1, 2 5.00 400 46 31 138 300 235 167 174 4.00 66 3.00 12 38 33 56 145 137 Q3FY25 Q4 FY25 200 67 107 76 73 89 110 Q1 FY24 Q2 FY24 Q3 FY24 100 0 Upstream fees (“Fee for Service”) 6.00 Large-format LIBs 300 242 18 32 85 Q4 FY24 Q1 FY25 Small-format LIBs Q2 FY25 Other 2.00 1.00 0.00 Gross profit unit rate 56% CAGR in revenue between FY21 and FY253 $6.7m $6.9m A$/kg collected Collection volume (Tonnes) 500 Charged for the collection and processing of batteries, and provision of complimentary services. Delivering gross profit for all volumes received. Downstream sales LIB4 processing produces black mass5 which is sold at market prices, with profit share arrangements in place. Processing also yields other metals (e.g. aluminium, copper, steel etc.). Record revenue and enhanced profitability FY25 revenue increased to A$6.9m (+A$0.2m), driven by large-format LIBs with increased customer diversification delivering FY25 gross profit of A$4.2m (+91%). Low-cost expansion Pre-processing of batteries and other clean energy waste does not require expensive equipment, resulting in cost effective expansion. $5.5m $2.9m $1.2m FY21 FY22 FY23 FY24 FY25 Note: 1. Company analysis; 2. The changes in the volumes between Q4 FY24 and Q2 FY25 are a results of a shift away from mixed batteries with cessation of major contracts (light grey bar), and cessation of a major single lithium-ion contract which commenced in Q4 FY24 and completed in Q1 FY25 (dark grey bar); 3. Compound Annual Growth Rate based on Company Annual Reports and Company analysis 4. Lithium-ion batteries; 5. Also called Mixed Metal Dust or MMD ASX: LIT | October 2025 | investorhub.liviumcorp.com | www.liviumcorp.com 10 Other Recycling Verticals Accelerated Growth from Adjacent Opportunities 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 | October 2025 | investorhub.liviumcorp.com | www.liviumcorp.com 12 Expanding our recycling capabilities Leveraging our core strengths and customer relationships to expand into adjacent waste streams Won Kwang S&T1: Photovoltaic (PV) recycling Iondrive2: Black mass, PV, REE processing University of Melbourne (UoM)3: REE extraction technology • South Korean leader in solar energy and resource-circulation innovation. • Australian developer of innovative extraction technology via Deep Eutectic Solvent (DES). • UoM are developing microwave technology for the extraction of Rare Earth Elements (REE). • Cooperation focussed on end-of-life (EoL) PV recycling in Australia. • Partnership seeks to develop Australian clean energy waste processing. • Technology aims to improve recoveries, reduce energy consumption. • Livium to leverage its infrastructure and customer relationships to support cooperation. • Combines Livium’s customer and feedstock access with Iondrive’s technology. • Livium to have global exclusive rights to use the Microwave technology in REE extraction. • Phased development towards JV establishment to build and operate an Australian PV recycling plant. • Phased development towards binding commercial agreements for supply and co-location of DES processing. • Phased development towards Livium commercialising technology with production from an initial pilot plant. “Our recycling adjacency strategy builds on Livium’s core battery recycling operations into connected opportunities — capturing fast-growing waste streams with high material value.” 1 2 3 Simon Linge, MD & CEO of Livium Refer announcement dated 18 September 2025, “Livium Expands Clean Energy Waste Recycling Capabilities through Strategic Partnership with Won Kwang S&T” Refer announcement dated 17 September 2025, “Livium Signs Binding Term Sheet with Iondrive related to DES Technology for Clean Energy Waste Recycling” Refer announcement dated 9 September 2025, “Livium Signs Term Sheet to Secure Exclusive Global Rights to Microwave Technology for Rare Earth Elements Extraction” ASX: LIT | October 2025 | investorhub.liviumcorp.com | www.liviumcorp.com 13 Key recycling activities over the balance of FY26 Planned transformational activities seek to unlock value in FY26 Battery Recycling Vertical Other Recycling Verticals Core Operation Strategic Growth ▪ Sustain and grow battery recycling profitability to increase contribution towards Livium group costs ▪ Develop supply of rare earth element (REE) magnets and solar panels to support strategic objectives ▪ Maintain position as Australia’s market-leading lithium-ion battery recycling through penetration of new markets ▪ Commence solar panel export to South Korea to facilitate the first stage of partnership with Won Kwang S&T ▪ Commence early works to consolidate current operations into a larger, centralised processing “Hub” facility ▪ Provide samples of solar panels, black mass, and REE magnets to support the cooperation with Iondrive ▪ Update capacity expansion assessment to determine national scale up options ▪ Finalise University of Melbourne Licence Agreement and provide support to advance microwave technology ▪ Commence establishment of national collection “Spokes” to feed into the centralised “Hub” ▪ Continue to assess alternate opportunities to accelerate and expand recycling adjacencies ASX: LIT | October 2025 | investorhub.liviumcorp.com | www.liviumcorp.com 14 Other Verticals Non-Recycling Verticals Lithium Chemicals: LieNA® Battery Materials: VSPC • Driving greater profitability for miners using a unique method of processing • Decreasing supply chain risks with localised production of LFP/LMFP • Improves sustainability by using less wastage as fine and low-grade spodumene • Validated and patented technology that has been tested by commercial labs and over 20 global battery makers • Increases mine asset value by extracting significantly more lithium from the same spodumene resources • A$30m ARENA grant secured for Australian demonstration plant with match funding being pursued JV formation & commercial scale Commercial Potential LieNA® 50:50 JV with MinRes will license to miners globally at a gross product royalty rate of 8%1 (with potential revenue of US$21m p.a. from a single licence2) Potential annual revenue of US$319m assuming a 25,000 tpa commercial plant and an LFP price of ~US$12.75/kg3. Monetising the technology Funding pathway to match ARENA grant The next commercial step remains the LieNA® Demonstration Funding commences spin-out of VSPC from Livium. If viable funding is not confirmed, options to preserve or realise value while minimising spend may be pursued. Plant. However, in light of current market conditions, alternative partnerships and monetisation opportunities are being explored. 1: 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; 3. Avenira Limited (ASX; AEV) Announcement (Scoping Study, 2 March 2023), Ave. LFP Basket Price; ASX: LIT | October 2025 | investorhub.liviumcorp.com | www.liviumcorp.com 16 Thank You Unit 1, 79–83 High Street, Kew, VIC 3101 www.liviumcorp.com Appendices 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 | October 2025 | investorhub.liviumcorp.com | www.liviumcorp.com 19 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 ~A$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 | October 2025 | investorhub.liviumcorp.com | www.liviumcorp.com 20 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 | October 2025 | investorhub.liviumcorp.com | www.liviumcorp.com 21 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 to 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 | October 2025 | investorhub.liviumcorp.com | www.liviumcorp.com 22 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 | October 2025 | investorhub.liviumcorp.com | www.liviumcorp.com 23 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 | October 2025 | investorhub.liviumcorp.com | www.liviumcorp.com 24 REE 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 TRL3, project 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%. Licence will grant Livium exclusive global rights to the technology for the next 20 years ASX: LIT | October 2025 | investorhub.liviumcorp.com | www.liviumcorp.com 25 Technology Comparison1 Commercial Pathway HOT BLOCK & REFLUX (Conduction) Stage 1 (TRL2-3) UoM to prepare a report for the small scale-up test results and secure AEA Ignite grant for Stage 2. convection current MICROWAVE TECHNOLOGY (Localised Superheating) ~85% reduction in energy consumption absorbs microwave energy Stage 2 (TRL3-4) Stage 3 (TRL5-9) UoM to oversee design and build of a Prototype Scale Microwave Reactor. UOM to complete REE product test results from this scaled plant. Livium to commercialise with production from an initial pilot plant, leading to the first commercial sale of