Galan Lithium (GLN) Noosa Mining Investor Conference summary

Market and Industry Trends

• Lithium demand is surging, driven by electric vehicles, stationary batteries, and AI-related energy needs, with supply lagging behind and supporting a strong price outlook.

• Lithium carbonate prices are implied to need to stay above $15,000/ton for recent transactions.

• Global lithium demand is forecast to triple or quadruple from 2025 to 2030, underpinned by EV and battery storage adoption.

Project Status, Milestones, and Development Timeline

• Fully permitted for current and expansion phases, with significant construction progress and key regulatory approvals in Argentina.

• Achieved RIGI permit for physical stability, positioning the project similarly to established Australian mining operations.

• Phase 1 and Phase 2 definitive feasibility studies are complete, with all major permits and approvals secured.

• First production is targeted for H1 2026, with a nano-filtration plant to lower costs and improve product quality.

• Discovery and resource establishment occurred between 2019 and 2025, with construction and inventory build-up ongoing through 2025.

Strategic and Competitive Advantages

• Brine asset offers lowest operating costs in the industry, leveraging natural evaporation and filtration, and is in the lowest quartile of the global cost curve.

• Product grade is highly competitive, with lithium chloride concentrate equivalent to 12.9% lithium oxide.

• Lithium chloride output aligns with dominant LFP battery chemistry, especially in China.

• Argentina provides a supportive fiscal regime, including 30-year fiscal stability and tax incentives.

• Strategic location and resource scale enhance value and resilience, even in challenging price environments.