Investor Presentaiton

Lepidolite value - Rising market share in China Lepidolite smelters (mainly in Jiangxi Province) accounted for 30% LCE share in 2022 and grew by 56% between 2017-2022. Supply is expected to reach 157 kt LCE by 2025 with a 20% CAGR. Omaruru is a lepidolite rich area. China Lithium Carbonate Output Distribution 2022E (Unit: K LCE Ton) Tibet Qinghai Brine (Qinghai, Tibet) Spodumene (Sichuan) Lepidolite (Jiangxi, Hunan) Prospect Resources 13% 36% 20% 91 KT LCE 30% Spodumene Lepidolite Brine Others China Lepidolite Output and Forecast 2017-2025E (Unit: K LCE Ton) CAGR 20% ] 157 +56% 91 Sichuan 54 Hunan 40 Jiangxi 27 10 9 2017 2018 2019 2020 2021 2022E 2025E 18

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