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Investor Presentaiton

Review of Process Flow Sheet LAKE RESOURCES Proven flow sheet produces high purity battery grade lithium carbonate¹ within several hours of extraction Various Waste Streams NaOH HCI 4 H₂O WASTE BRINE Kachi Phase 1 Commercial Flow Sheet H₂O 10 CHLOR ALKALI PLANT WASTE TREATMENT WASTE CRYSTALLISATION AND EVAPORATION HC NaOH NaOCI Bleed To Waste HO NaCO Treatment WASTE CRYSTALS HO TO DISPOSAL HCI NaOH Na SO NACIO HO 5 BRINE FEED AND REINJECTION WELLS REINJECTION POND FEED POND PH ADJUSTMENT H₂O 1 SPENT BRINE LITHIUM ION EXCHANGE (LILAC) 2 NaOH HC ULTRAFILTRATION Wash Water (To Waste Treatment) HC H₂O NaOH Na,CO 8 HC NaOH IMPURITY REMOVAL DIVALENT ION EXCHANGE BORON REMOVAL ION EXCHANGE ELUATE EVAPORATION Waste (To Waste Treatment) Waste (To Waste Treatment) LITHIUM CARBONATE PRECIPITATION ELUATE ELUATE REVERSE OSMOSIS Tail gas SODIUM HYPOCHLORITE PRODUCTION HO Nacio Bleed To Waste Treatment H₂O BLEED H₂O Ca(OH) Na CO- IMPURITY REMOVAL PRECIPITATION AND FILTRATION NaOH 9 LITHIUM CARBONATE CENTRIFUGATION THICKENING PRODUCT DRYING 萬萬 PRODUCT MICRONISING AND BAGGING 1 Refer to ASX announcement on 3 April 2023; 19 June 2023; 28 September 2023 and 18 December 2023. HCI MAKEUP SALT SALT CRYSTALS BLEED CRYSTALLISER BLEED DECARBONATION BATTERY-GRADE LITHIUM CARBONATE Commentary Proposed flowsheet illustrating the 10 major process steps¹ Feed is extracted and pumped from brine extraction network to the (1) Feed Pond, which provides surge volume between extraction wells and the main processing plant The brine is pH-adjusted to precipitate iron and then fed to a (2) filtration system to remove suspended solids. The filtered brine is then processed in the (3) direct extraction package, which recovers and concentrates lithium to the eluate stream (4) Effluent and depleted brine from the DLE is sent to reverse osmosis ("RO") treatment and (5) Brine Reinjection Pond respectively. The eluate stream is then concentrated through (6) reverse osmosis and then (7) treated to remove impurities by the staged addition of lime and sodium hydroxide. The purification is followed by evaporation using mechanical vapour recompression ("MVR") technology to increase the lithium concentration for processing into lithium carbonate. Both the reverse osmosis and MVR systems recover water for recycle to minimize process water consumption ☐ Before carbonation residual trace impurities are removed by ion exchange to obtain the purity required for further processing to battery grade lithium carbonate Lithium carbonate is then (8) precipitated from the purified stream by addition of sodium carbonate, the primary reagent input for the carbonation process. The precipitated lithium carbonate is washed through (9) two stages of centrifuging to achieve the final product purity required. This product is dried and packaged for sale To meet the hydrochloric acid and sodium hydroxide demands of the process, an on-site (10) chloralkali plant electrochemically converts sodium chloride from the waste brine into these reagents 27
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