Investor Presentaiton

6 Equity Raising Overview LAKE RESOURCES Offer Structure and Size Offer Price Use of Proceeds Share Purchase Plan Ranking Lake is conducting the Offer to raise up to approximately $20 million (before costs), comprising: A placement to raise $15 million via the issue of approximately 213.6 million fully paid ordinary shares ("New Shares”) pursuant to the Company's existing placement capacity under ASX Listing Rule 7.1; and A Share Purchase Plan to raise up to approximately $5 million ("SPP") (together the Placement and SPP are the "Offer") Up to approximately 213.6 million New Shares to be issued under the Placement representing ~15% of existing ordinary shares on issue Offer price of $0.07 per share, represents a discount of: 39.1% to Lake's last closing price of $0.115 per share on Friday, 8 March 2024 42.3% to the 5-day VWAP of $0.121 per share up to and including Friday, 8 March 2024 ■Support Lake's liquidity and balance sheet strength as it pursues strategic financing alternatives for the Kachi project Eligible Lake shareholders as at the record date of 7:00pm AEST on Thursday, 7 March 2024 with a registered address in Australia or New Zealand will have the opportunity to apply for Lake shares pursuant to a SPP ■Offer price of $0.07 per share, the same offer price as the Placement Up to $30,000 per Eligible Shareholder, targeting approximately $5 million ■Lake may decide to accept applications (in whole or in part) that result in the SPP raising more or less than $5 million in its absolute discretion Lake intends to apply for a waiver under ASX Listing Rule 7.1 from the requirement that the issue price of shares under the SPP be no lower than 80% of the 5 day VWAP. If the ASX does not grant this waiver, the SPP may require shareholder approval at an EGM and the indicative timeline on slide 8 will be affected New Shares issued under the Offer will rank equally with existing shares on issue Syndicate Barrenjoey Markets Pty Limited and Canaccord Genuity (Australia) Limited are acting as Joint Lead Managers ("JLMS") to the Placement Morgans Corporate Limited is acting as Co-Manager to the Placement

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