Latin Resources (LRS) Investor Presentation summary

Project overview and jurisdiction

• Salinas Lithium Project is located in Minas Gerais, Brazil, a top mining jurisdiction with strong infrastructure, hydroelectric power, and port access, supporting efficient operations and export logistics.

• Minas Gerais government prioritizes lithium sector development, granting Salinas priority project status and fast-tracked approvals through a MoU with Invest Minas.

• Brazil offers a low-cost operating environment with competitive tax rates, royalties, wages, and electricity prices compared to Australia and Canada.

Resource base and growth potential

• Salinas hosts a global mineral resource of 77.7Mt at 1.24% Li₂O, with the Colina deposit being the largest in Brazil at 70.9Mt at 1.25% Li₂O.

• 95% of Colina’s resource is in JORC Measured and Indicated categories, providing a strong foundation for mine planning and reserve declaration.

• The resource remains open at depth and along strike, with additional exploration targets indicating potential for further growth.

Project development and operations

• Definitive Feasibility Study (DFS) completion is targeted for June 2024, with a final investment decision in Q4 2024 and first production expected mid-2026.

• Open pit mining with local contractors, robust grade control, and a designated area for tailings and waste management designed by Tetra Tech.

• Simple, conventional DMS processing flowsheet with 3-stage crushing, scrubbing, gravity circuit, and DMS, targeting 78.3% average recovery.

• Metallurgical testwork achieved 93.1% lithium recovery to a 5.5% Li₂O concentrate, supporting a quick-to-market DMS circuit.