Investor Presentaiton

Sources and Uses LAKE RESOURCES Equity raise proceeds will provide flexibility and liquidity to explore strategic partnerships at the Kachi project, with preliminary discussions with potential partners currently ongoing. ■Strategic partnering discussions are ongoing and targeting completion by end of 2024 Equity Raising is in conjunction with reduced spending following DFS completion, with costs reduced by ~40%¹ Targeting additional 30% reduction in q-o-q expenditures by 30 June 2024 compared to 31 March 2024¹ Proceeds, reduced spend as well as other potential financial levers² available to Lake provide sufficient time to test market appetite and secure partner for the project Sources Placement proceeds Total sources Sources & Uses of Funds A$m 15.0 15.0 Pro Forma Balance Sheet As at 31 December 2023 Institutional Placement Pro Forma Uses A$m Shares (m) Cash (A$m) Corporate costs and working capital 13.6 1,424.1 31.3 Offer costs 1.43 213.6 15.0 1,637.7 46.3 Total uses 15.0 7 1. Refer to ASX announcement dated 4 March 2024. 2. Lake considering all other financing alternatives, including potential asset sale of early stage projects, consistent with its capital management policies, as required to fund costs whilst strategic discussions remain ongoing. 3. Excludes GST

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