Lithium Argentina (LAR) Corporate Presentation summary

Recent highlights and strategic direction

• Maintained low production costs in 1Q 2025 and on track for 2025 production guidance of 30,000–35,000 tonnes LCE.

• Signed LOI with Ganfeng to jointly develop regional projects targeting 150,000 tpa capacity.

• Published ESG report, reinforcing sustainability commitments.

Resource base and asset overview

• Holds significant interests in low-cost brine assets, including Cauchari-Olaroz (44.8% ownership) and Pastos Grandes (85% ownership).

• Cauchari-Olaroz Stage 1 has 40,000 tpa capacity; Stage 2 and regional development plan target over 200,000 tpa LCE.

• Partnerships with Ganfeng and JEMSE provide technology, regulatory support, and market access.

Operational and financial performance

• Cauchari-Olaroz produced 7,200 t LCE in 1Q 2025, with annual guidance of 30,000–35,000 t.

• 1Q 2025 revenue was $58M, with cash costs per tonne sold at $6,634.

• Sustaining capex expected at $600–$700 per tonne for 2025.

• Over 50% improvement in pricing adjustment for battery-quality Li₂CO₃ since Dec 2023.