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Investor Presentaiton

LITHIUM BRINE IS KEY FOR FUTURE SUSTAINABLE SUPPLY Brine processing uses less carbon and less water than hard rock lithium sources • Lower carbon emissions • • Lithium carbonate produced from brine typically has less than 1/3 the carbon intensity (CO2 emissions) of equivalent lithium chemicals produced from hard rock deposits. Less water Brine processing uses less than 1/2 the water as spodumene processing. Environmental metrics Benchmark's life cycle assessment (LCA) analysis finds that on almost every metric, lithium chemicals from hard rock sources are more environmentally damaging than those from brine sources. EL LITHIUM Source: Benchmark Lithium ESG Report, March 2023 ENERGY LTD Environmental impact of spodumene vs brine Lithium carbonate produced from brine is less carbon and water intensive than using spodumene ore. Carbon intensity (tonnes CO2eq/ LCE tonnes) Direct water use (m3/LCE tonnes) 30 05 10 15 20 25 30 LCA Metric Value Source: Benchmark Global Lithium LCA Hard Rock Brine 35 35 ASX:LEL 8
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