Investor Presentaiton

Lithium Market Balance LAKE RESOURCES The lithium market is expected to be in deficit from 2029 onwards, based on current project pipeline ■ With lengthy lead times to develop new projects, battery raw material supply will quickly fall short of accelerating demand in the pledges and net zero scenarios ■ Deficits could emerge in the near term and extend to ~1 Mt LCE by 2040. Kachi's anticipated ~25 ktpa of Phase 1 battery grade carbonate production is likely to have sufficient demand headroom in the long-term Net Balance (All Projects, Kt LCE) Battery Grade Lithium Chemical Balance (All Projects, Kt LCE) 4,500 200 100 4,000 0 3,500 (100) 3,000 797 (200) 2,500 (300) 2,000 (400) 1,500 (500) 1,000 (600) 500 (700) 0 (800) 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 Kachi 0 0 0 0 0 0 0 2 15 25 P1 25 25 25 25 25 25 25 25 25 (900) 25 25 25 25 25 25 (1,000) Total Supply (Base Case) Source: Wood Mackenzie Kachi (Ph. 1) ROW Projects Recycling ⚫Demand Note: Only Wood Mackenzie assumptions for Kachi Phase One volumes are referenced. Refer to Lake's Kachi Project Phase One Definitive Feasibility Study Results announced on ASX on 19 December 2023 יוון 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 17

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