Investor Presentaiton

LCE Market Demand Demand / Supply Forecast, 2023-40, kt LCE (Battery Grade) 3.5 3.0 2.5 2.0 1.5 1.0 .5 22% Deficit (Surplus) % -Demand Supply Supply Gap 14% 7% 2% (1%) 49% 51% 51% 50% 49% 50% 44% 39% 33% 26% 22% 13% 4% 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 Source: Wood Mackenzie - Global Lithium Investment Horizon Outlook (Q4 2022) Prospect Resources . Demand Consensus is shifting towards a significant demand gap emerging ~2030 EV penetration expected to reach ~50% by 2030, equating to 5.5x growth Supply . ~ Over 100 new projects will be needed by 2030 to support demand • Near-term supply-side risk as many development peers extend project timelines . . Market-wide cost escalation is impacting developers and operators Government policy influence - US and EU Policy, Chile Nationalisation, Canada ownership laws 6

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