Investor Presentaiton

Capital Management to Extend Runway¹ LAKE RESOURCES ■Lake held cash of A$31.3 million (US$21.3 million) as of 31 December 2023 with no debt ■On-track to achieve 40%² reduction in quarter over quarter (q-o-q) expenditures from 31 December 20233 to 31 March 2024 ■Targeting additional 30%² reduction in q-o-q expenditures by 30 June 2024 compared to 31 March 2024 through: ■Reducing global headcount by ~50% across its non-core operational and administrative workforce Additional streamlining of other general and administrative expenditures ■ No impact on planned timing of EIA submission or strategic partner selection process ■Will continue rigorous approach to cost structure optimization and will explore further ways to reduce expenses Continue to evaluate the monetisation of other non-core assets and lithium tenements unrelated to the Kachi project In addition to above cost saving measures, Lake is seeking additional equity investment to extend runway until the completion of the strategic partnering process 1 Refer to ASX announcement dated 4 March 2024 2 Exclusive of potential foreign exchange impacts 3 refer to ASX announcement dated 31 January 2024 12

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