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Investor Presentaiton

Phase One DFS Demo Scope - Battery Grade by Design - Balance of Plant (BOP) - Saltworks Technologies The BOP process consists of industry standard unit operations for the concentration, purification, and lithium carbonate production from the concentrated lithium chloride eluate. The demonstration-scale validation of the BOP flowsheet was conducted by Saltworks Technologies The goals of the demonstration activities were to de-risk the DFS design for the full-sized plant, to validate the system configuration, and to explore potential optimization opportunities for the flowsheet and operating parameters 120,000 litres of Kachi brine was processed at Saltworks' Facility in Canada to produce >1,300 kg of battery grade lithium carbonate All batches achieved battery grade lithium purity target (>99.5%) Up to 99.9% purity achieved Independent validation of results Data produced to support DFS completion >1,300 kg of samples created for offtake testing Summary Results Saltworks for Kachi Demonstration Plant Eluate LAKE RESOURCES Batch 1 2 3 DLE Eluate Processed m³ 32.1 46.0 40.2 Average DLE Lithium Concentration (mg/L) mg/L 3,097 3,468 4,392 Lithium Carbonate Produced kg 350 411 578 Lithium Purity¹ % 99.7% 99.8% 99.9% 1 Purity as calculated based on sum of measured impurities above detection limit. 28
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