Investor Presentaiton

Falchani - Battery Grade Lithium SCALABLE, LONG LIFE BATTERY QUALITY LITHIUM CHEMICAL PROJECT IN PERU Asset Location and Concession N Ocacasa 4 Falchani Highlights ($) Robust Economics (using $12,000/E Li2C03) " NPV8: US$1.5 Billion, IRR 19.7% and 4.7 years payback Large Scale: 23,000tpa Li2CO3 Y1-Y7, 44,000tpa Y8-Y12, 85,000tpa Y13-33 " High Cash Flow: US$8,977M LOM, US$430M average annually. Low CapEx: US$587M initial capital PERU Falchani Lithium Project Puno Ocacasa 4 Indicated Resource Inferred Resource Alternative Case Pit Falchani M Tonnes Grade Contained (Mt) (ppm Li) (Li MT) (Li₂CO3 MT) Indicated* 60.9 Inferred* 260.1 2,954 2,706 0.2 0.7 1.0 3.8 " Scalable 33-year mine life producing battery-grade lithium carbonate Optimization Opportunities Estimated to be the 6th largest hard rock lithium deposit globally Biproducts Cesium, sulphate of potash ("SOP"), potential for additional revenue Initial CapEx reduction by re-scoping for phased expansion approach Infill expansion drilling to reclassify and expand resource Excellent Infrastructure Strong local community support and involvement Near Two Oceans highway, hydro-electric power, abundant water and labour Path to Production Expansion drilling to test new areas Expand and upgrade existing resource Commencement of Pre-Feasibility 1. After-tax, average annual at steady state throughput of 3mtpa, based on a selling price of $12,000/t Li2CO3. 2. Inclusive of G&A, Mining, Processing and Tailings Handling. 3. Includes: Includes EPCM, spares, insurances, owners' team, Process Plant Contingency of 11%, Infrastructure Costs (Road and TSF) inclusive of 15% contingency. 4. Steady State - battery quality Li2CO3. * See IMPORTANT PEA Cautionary Notes on Slide 2. 8

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