Quarterly Activities/Appendix 5B Cash Flow Report
Released
Released
Announcement PDF
ASX ANNOUNCEMENT
23 April 2026
MARCH QUARTERLY ACTIVITIES REPORT
Delta Lithium Limited (ASX: DLI) (“Delta” or “the Company”) is pleased to provide a summary of activities
undertaken during the quarter ended 31 March 2026.
March Quarter Highlights
Mt Ida
• Drilling continued to provide high-grade lithium intercepts and increased confidence, including1
;
o 34m @ 1.86% Li2O from 251m in DFS406
o 30m @ 1.88% Li2O from 206m in DFS396
o 31m @ 1.84% Li2O from 196m in DFS395
o 21m @ 2.07% Li2O from 189m in DFS392
o 27m @ 1.56% Li2O from 232m in DFS402
o 26m @ 1.31% Li2O from 221m in DFS680
o 24m @ 2.00% Li2O from 309m in DFS70
• Processing of Mt Ida mica concentrate successfully generated a 99.8% Lithium Carbonate
product during testwork, confirming its suitability for battery manufacturing
• Development of a process to recover rubidium was also demonstrated and produced a high-grade
Rubidium Carbonate (~97% Rb2CO3) from a combination of real and synthetic process solutions
Yinnetharra
• The Yinnetharra Lithium Project is an exploration project covering more than 2,300km2
within the
Gascoyne Lithium Province of Western Australia
• The current Yinnetharra Lithium and Tantalum Project Mineral Resource Estimate2
(MRE) is:
o 21.9Mt @ 1.0% Li2O (at 0.5% Li2O cut-off) and 39.4Mt @ 102ppm Ta2O5 (at 65ppm Ta2O5 cut-off)
• Drilling at the high-grade Jameson Prospect has intercepted:
o 13m @ 1.96% Li2O from 101m in JREX065
• The current exploration program is 55% complete with four prospects yet to be tested
Corporate
• As of 31 March 2026, Delta’s cash balance was $52M and additional ASX-listed investments of circa
$110M.
Commenting on the quarter, Managing Director of Delta Lithium, Mr James Croser said:
“During the quarter Delta continued to receive thick, high-grade lithium assays from Ballard’s in-fill drill
program providing additional confidence to the Mt Ida lithium resource, and further core for ongoing
metallurgy programs.
1 Intercepts are from Mt Ida gold drilling by Ballard Mining (BM1) & do not represent true widths
2 Yinnetharra Lithium and Tantalum MRE Update released to the ASX 31st
March 2025
ASX ANNOUNCEMENT
23 April 2026
Delta has also initiated exploratory discussions with end-users and potential customers for rubidium from
Mt Ida, aided by completion of downstream hydrometallurgical testwork showing the Mt Ida mica
concentrate can produce battery grade lithium carbonate and rubidium carbonate at high recovery. This
presents as a significant potential value-add and co-product revenue source from the existing spodumene
flowsheet.
“The drilling program at Yinnetharra completed during the quarter delivered modest outcomes to date at
Jameson, with the remainder of assays due imminently. Field work and target generation at Yinnetharra
continues for lithium and other metals.”
Figure 1: Location of Delta’s Projects
ASX ANNOUNCEMENT
23 April 2026
Mt Ida Project
Mt Ida is located approximately 240km north of Kalgoorlie in Western Australia. The Project area resides
on granted mining leases and is fully permitted for commencement of open pit and underground mining at
the main Sister Sam, Timoni and Sparrow resources.
Figure 2: Plan view to Mt Ida Project location with global resources
Ballard Mining’s ongoing gold infill drill program has continued to return broad, high-grade mineralised
lithium intervals. These intercepts demonstrate the excellent quality of the Mt Ida Lithium resource while
also significantly increasing confidence in the model at minimal cost to Delta.
These additional infill holes have been used to refine the existing MRE model and will be incorporated into
the next resource update which is anticipated to increase Measured resources further – see Figure 3.
Although the drillholes are oriented slightly obliquely due to the NW trending gold mineralisation, importantly
the grade in these holes is consistently higher than existing models.
ASX ANNOUNCEMENT
23 April 2026
Table 1 (below) provides summary of significant assays from the recent drilling. Further holes are expected
to be received in the coming weeks.
Hole ID From To Length Li2O % Ta2O5 ppm Rb2O %
DFS406 251 285 34 1.86 171 0.65
DFS392 189 210 21 2.07 188 0.73
DFS395 196 227 31 1.84 150 0.56
DFS396 206 236 30 1.88 145 0.54
DFS398 209 240 31 1.37 190 0.46
DFS402 232 259 27 1.56 206 0.52
DFS406 251 285 34 1.86 171 0.65
DFS680 221 247 26 1.31 250 0.47
DFS695 249 265.17 16.17 2.12 224 0.69
and 268.49 283.07 14.58 1.77 247 0.62
DFS702 309 333 24 2 113 0.58
Table 1: Significant Intercepts from infill drilling of the current Mt Ida Lithium MRE
Figure 3: View Southeast showing Sister Sam & Timoni MRE’s, Classification and recent lithium intercepts
ASX ANNOUNCEMENT
23 April 2026
Whole Of Ore Flotation Flowsheet
Work by the Company on the flowsheet design for onsite lithium concentration at Mt Ida3
has indicated that
a Whole of Ore flotation process is optimal for lithium recovery. An integral part of this flowsheet is the
removal of micas prior to the flotation of the spodumene, via a mica pre-float process, to prevent the
interaction of these micas during the subsequent spodumene concentration steps. This is a well-understood
and proven metallurgical methodology.
As reported previously, the mica pre-float process at Mt Ida produces a lithium mica concentrate,
predominantly lepidolite mineralisation, grading approximately 3% Li2O with a significant rubidium
concentration 1.8% Rb2O. This mica concentrate represents a compelling opportunity for byproduct revenue
due to the high-grade nature of the contained lithium and extremely high-grade rubidium. The rubidium at
Mt Ida exists in the lepidolite crystal matrix due to uncommon substitution of the alkali metal potassium with
the much rarer and heavier rubidium. Reserved concentrate from Delta’s previous metallurgical studies
were combined and used to generate representative material to reflect a life of mine (LOM) composite of
mica concentrate to be used in this downstream testwork.
Figure 4: Mt Ida Whole of Ore concentrate flowsheet highlighting mica concentrate section
This recent testwork on the mica concentrate has yielded successful production of battery grade lithium
carbonate and high purity rubidium carbonate. Delta’s Mt Ida Lithium MRE contains one of the highest grade
and largest publicly stated rubidium resources worldwide. Rubidium is included on the critical minerals lists
of the USA and Japan and, discussions with various stakeholders in their respective supply chains have
been instigated.
3
Refer ASX announcement 21 October 2025 “Mt Ida Project Lithium and Rubidium Update”
ASX ANNOUNCEMENT
23 April 2026
Hydrometallurgical Testwork
Mica Concentrate
The concentrate tested is primarily lithium containing micas such as lepidolite. The mica also contains
potassium, rubidium, caesium and gangue elements such as aluminium, iron, manganese and magnesium.
The concentrate also contains small quantities of other minerals such as quartz, albite and a small amount
of spodumene.
Figure 5 – Coarse fraction of mica concentrate sample
Hydrometallurgical Process
The process to recover lithium, rubidium and potassium involves mixing the concentrate with concentrated
sulfuric acid at an elevated temperature and atmospheric pressure to extract the metals into solution. The
subsequent mixture is filtered and washed to separate the residue as waste. Leach extraction for lithium
and rubidium from the mica concentrate is provided in Table 2.
Table 2: - Lithium and rubidium leach extraction
Element
Leach
extraction %
Lithium 91.9
Rubidium 86.2
The hot leach liquor, containing the valuable lithium, potassium and rubidium is cooled to selectively
crystallise potassium and rubidium alum salts – thus separating these elements from lithium.
The resulting lithium solution, which contains impurities, is purified by neutralisation with limestone and lime,
resulting in a gypsum (CaSO4.2H2O) rich residue waste that is filtered and removed. Lithium losses during
impurity removal averaged 650ppm Li, which corresponds to 4.1% lithium loss. The remaining process
solution, containing lithium and a small amount of sodium and potassium, proceeds to lithium precipitation.
Lithium is recovered from the solution by precipitation with sodium carbonate. The lithium carbonate solids
are filtered and washed, before being refined by re-dissolution and re-precipitation. The final solids
produced are a high purity lithium carbonate product.
ASX ANNOUNCEMENT
23 April 2026
Table 3: – Lithium crude and fine product purity
Li2CO3 product K (ppm) Na (ppm) Ca (ppm) S (ppm)
Li2CO3
purity (%)
Crude 200 200 2,900 2,470 96.8
Refined 2.5 4.8 477 71 99.8
Figure 6 - Crude Li2CO3 (left), re-dissolution (centre), refined Li2CO3 (right)
The alum salts produced from cooling the leach liquor are re-dissolved and the aluminium is removed by
precipitation with limestone and lime. Potassium sulfate is selectively crystallised from the solution, and
rubidium is recovered as a high-grade intermediate. The rubidium intermediate is re-dissolved and
aluminium is precipitated using lime and removed before the rubidium rich solution is further concentrated
by solvent extraction.
During the solvent extraction process, process liquor is refined to increase the ratio of rubidium to
potassium, which improves the purity of the final rubidium product. The aqueous solution is contacted with
an organic solvent to selectively recover the rubidium from solution. The solvent is then stripped with formic
acid to produce a concentrated rubidium formate solution.
Rubidium formate is crystallised from the concentrated loaded strip solution and is decomposed in a kiln to
produce rubidium carbonate. Development of the rubidium recovery process was conducted initially with Mt
Ida material and concluded using synthetic solutions to confirm the process conditions. A subsample of the
product was analysed via XRD mineralogy which confirmed the production of rubidium carbonate.
Table 4: - Rubidium carbonate product assays
Rubidium product Rb (%) K (%) Rb2CO3 (%) K2CO3 (%)
Assay 71.7 1.79 96.8 3.2
ASX ANNOUNCEMENT
23 April 2026
Figure 7 - rubidium formate crystallisation (left), rubidium carbonate (right)
The hydrometallurgical testwork demonstrated a viable process route to recover lithium and rubidium
carbonate products from Mt Ida mica concentrate. The process utilises recycled process streams to
minimise water consumption and valuable metal losses. As such, the process was modelled utilising
metallurgical modelling software (Metsim®
) to develop mass and energy balances for the process based on
real testwork results. The outcome of this modelling demonstrated that 86% of the lithium and 67% of the
rubidium can be recovered to separate carbonate products. This is a great first result and further
optimisation of the process is expected to improve recovery to final products.
Future metallurgy optimisation work includes:
• Optimisation of solvent extraction for improved rubidium-potassium separation.
• Continuous closed-circuit operation (piloting) to demonstrate process in steady state.
• Dewatering (thickening and filtration) testing on products and tailings streams
Yinnetharra Project
The Yinnetharra project is located in the Gascoyne region of Western Australia targeting lithium
mineralisation. Delta Lithium has 2,300km2
of project tenure 100% owned and as Farm-in Joint Ventures.
A MRE update for Yinnetharra was released in March 2025 of 21.9 Mt @ 1% Li2O and 75ppm Ta2O5 and
an additional 17.5Mt @ 136ppm Ta2O5. Farm-In Joint Venture Agreements and acquisitions have
expanded the prospective stratigraphy to over 80km in length of the Leakes Springs metasediment
package.
The Malinda Project is well advanced with DFS-level metallurgy and geotechnical studies4
completed on
the M1 orebody and a mining lease application submitted over the area. The large regional tenure presents
compelling upside potential for additional resource tonnes.
As part of the current regional campaign commenced in November, exploration work has continued across
the Project and JV tenure. The team have been conducting systematic surface exploration and mapping
across prospective areas and generated over 25 prospects, with the drill testing of the high priority targets
identified to date as seen in Figure 8.
4 Yinnetharra Operational & Metallurgical test work update released to the ASX 21st
January 2025
ASX ANNOUNCEMENT
23 April 2026
Figure 8: Plan View to Yinnetharra MRE’s and drill targets for current exploration programs
Jameson drilling of 6,072m targeted both Jameson South for the first time and follow-up drilling at Jameson
North, proximal to the J1 resource. Drilling has been completed across Jameson South, intercepting the
target structures in the fold limbs and hinges. Significant pegmatite intercepts were encountered in excess
of 60m thick in a zone with anomalous surface geochemistry, however these pegmatites did not host any
significant lithium and unfortunately do not appear to extend J1 further than the local area of the fold nose.
The Jameson North program enjoyed some success, increasing confidence in the J1 resource. The best
intercepts are summarised below in Table 5.
Hole ID From To Length Li2O % Ta2O5 ppm Fe2O3 %
JREX065 101 114 13 1.96 46 1.03
JREX067 90 92 2 1.87 64 1.1
Table 5: significant intercepts at Yinnetharra.
Step out drilling at Jameson intersected substantial pegmatites but did not host significant lithium. A number
of targets could not be tested as a result of difficult drilling conditions and substantial deviation caused by
the strong regional fabric. As a result, some holes were abandoned and will serve as precollars for diamond
tails to be drilled later this year, when Delta undertakes diamond drilling under an approved Exploration
Incentive Scheme (EIS) drill program.
ASX ANNOUNCEMENT
23 April 2026
Caribou prospect drilling comprised of 1,387m. This drilling targeted notable lithium anomalies at depth
intercepted in the previous program. A sequence of pegmatites were intercepted within the prospective host
stratigraphy, however they do not appear the correct composition to host lithium bearing minerals.
Drilling continued to target Mason’s, Yamazaki, North Talisker, East Calypso and Perseverance, as well as
Malinda extensions, with the program completed towards the end of the quarter. Numerous further
pegmatites were intercepted with widths exceeding 30m. All samples have now left site and are awaiting
assaying at the laboratory.
A review of the project during the quarter also identified a number of areas of interest, particularly relating
to fluorite, copper, beryllium and tungsten. Initial work was commenced and an assessment is underway to
determine any value-add opportunities to the Yinnetharra Project.
Mineralogy work is ongoing to refine geometallurgical domains across the resource. A detailed study is
underway using FTIR (Fourier Transform Infared Spectroscopy) and TIMA (TESCAN Integrated Mineral
Analyser) data to model lithium species mineralogy and distribution. This data is aimed to be incorporated
into a study and coded within the block model to assist with flowsheet adjustments during a potential
operational scenario.
CORPORATE
Delta’s ASX-listed investments at the end of the quarter consisted of 156M shares in BM1 (subject to
escrow), 5M shares in MEX (formerly UVA) and 16.1M shares in JAV (post consolidation).
Cash at the end of the quarter was $52M.
ASX COMPLIANCE
ASX Listing Rule 5.3.1: Exploration and Evaluation Expenditure during the March 2026 Quarter was
$1.816M. Full details of exploration activity during the March 2026 Quarter are set out in this report.
ASX Listing Rule 5.3.2: There was no substantive mining production and development activities during the
March 2026 Quarter.
ASX Listing Rule 5.3.5: Payments to related parties of the Company and their associates during the March
Quarter: $172k - The Company advises that this relates to non-executive director’s fees and executive
directors’ salaries and entitlements only. Please see Remuneration Report in the Annual Report for further
details on Directors’ remuneration.
Release authorised by the Board of Delta Lithium Limited.
For further information, please contact:
Delta Lithium Investor/Media Enquiries
James Croser, Managing Director Sodali & Co
Peter Gilford, CFO & Company Secretary Russell Quinn +61 403 322 097
+61 8 6109 0104
info@deltalithium.com.au
ASX ANNOUNCEMENT
23 April 2026
About Delta Lithium
Delta Lithium (ASX: DLI) is an exploration and development company focused on bringing high-quality, lithium-bearing pegmatite deposits, located
in Western Australia, into production. With current global JORC compliant resources of 36.9Mt@1.0% Li2O, strong balance sheet and an
experienced team driving the exploration and development workstreams, Delta Lithium is rapidly advancing its Projects.
The Mt Ida Project has coincident gold and lithium orebodies and holds a critical advantage over other developers with existing Mining Leases and
an approved Mining Proposal. Delta Lithium is pursuing a development pathway to unlock maximum value for shareholders. Delta has recently spun
out its gold assets into Ballard mining on 14th
July 2025 and retains a 34.4% equity stake in this company.
Delta Lithium also holds the highly prospective Yinnetharra Lithium Project, with exciting lithium discoveries at the Malinda and Jamesons prospects.
The Company is currently conducting exploration activities at Yinnetharra with fieldwork commenced for 2026 across our large tenure package,
testing additional targets and aiming to build on the Maiden Resource at Malinda.
Competent Person's Statement
Information in this Announcement that relates to exploration results is based upon work undertaken by Mr. Shane Murray, a Competent Person
who is a Member of the Australasian Institute of Geoscientists (AIG). Mr. Murray has sufficient experience that is relevant to the style of
mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a ‘Competent Person’ as defined
in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (JORC Code). Mr.
Murray
Refer to www.deltalithium.com.au for past ASX announcements.
Past Exploration results and Mineral Resource Estimates reported in this announcement have been previously prepared and disclosed by Delta
Lithium in accordance with JORC 2012. The Company confirms that it is not aware of any new information or data that materially affects the
information included in these market announcements. The Company confirms that the form and content in which the Competent Person's findings
are presented here have not been materially modified from the original market announcement, and all material assumptions and technical
parameters underpinning Mineral Resource Estimates in the relevant market announcement continue to apply and have not materially changed.
Refer to www.deltalithium.com.au for details on past exploration results and Mineral Resource Estimates.
Disclaimer
This release may include forward-looking and aspirational statements. These statements are based on Delta Lithium management’s expectations
and beliefs concerning future events as of the time of the release of this announcement. Forward-looking and aspirational statements are necessarily
subject to risks, uncertainties and other factors, some of which are outside the control of Delta Lithium, which could cause actual results to differ
materially from such statements. Delta Lithium makes no undertaking to subsequently update or revise the forward looking or aspirational statements
made in this release to reflect events or circumstances after the date of this release, except as required by applicable laws and the ASX Listing
Refer to www.deltalithium.com.au for past ASX announcements.
ASX ANNOUNCEMENT
23 April 2026
JORC Tables
Table 2: Global Lithium Mineral Resource Estimate Summary
Delta Lithium Group Mineral Resource estimate (Li₂O only)
Resource category
Cut-off
grade
(Li₂O%)
Li₂O Ta₂O₅ Rb2O
Tonnes
(Mt)
Grade
(% Li₂O)
Li₂O
(Kt)
Grade
(Ta₂O₅
ppm)
Grade
(Rb2O %)
Yinnetharra
Measured
0.5
- - - -
Indicated 16.1 1.0 158 77
Inferred 5.8 0.9 54 69
Total Resource 21.9 1.0 212 75
Mt Ida
Measured
0.3 - 0.5
0.5 1.1 5.9 256 0.39
Indicated 7.2 1.3 96 215 0.45
Inferred 7.1 1.1 83 126 0.38
Total Resource 14.8 1.2 190 173 0.42
Total Measured 0.5 1.1 5.5 256 0.39
Total Indicated 23.3 1.1 254 120
Total Inferred 12.9 1.0 137 100
Total 36.7 1.1 402 115
ASX ANNOUNCEMENT
23 April 2026
Table 3: Yinnetharra Tantalum Only MRE
Yinnetharra Tantalum Only Resource March 2025
Area
Resource
category
Cut-off
grade
(Ta2O5ppm)
Tonnes (Mt) Li2O% Li2O (Kt) Ta2O5 ppm Ta2O5 (Kt)
MT1
Measured
65
- - - - -
Indicated 3.7 0.1 3 82 0.3
Inferred 0.6 0.0 0 94 0.1
Total Resource 4.3 0.1 4 84 0.4
MT20
Measured
65
- - - - -
Indicated - - - - -
Inferred 0.2 0.1 0 115 0.0
Total Resource 0.2 0.1 0 115 0.0
MT36
Measured
65
- - - - -
Indicated 4.3 0.1 5 123 0.5
Inferred 0.6 0.1 1 106 0.1
Total Resource 4.9 0.1 5 121 0.6
MT42
Measured
65
- - - - -
Indicated 0.3 0.2 1 175 0.1
Inferred 2.5 0.1 2 208 0.5
Total Resource 2.8 0.1 3 204 0.6
MT47
Measured
65
- - - - -
Indicated 2.1 0.1 3 186 0.4
Inferred 0.5 0.1 0 257 0.1
Total Resource 2.5 0.1 3 199 0.5
MT67
Measured
65
- - - - -
Indicated - - - - -
Inferred 0.6 0.2 1 113 0.1
Total Resource 0.6 0.2 1 113 0.1
MT69
Measured
65
- - - - -
Indicated - - - - -
Inferred 1.6 0.1 2 105 0.2
Total Resource 1.6 0.1 2 105 0.2
MT70
Measured
65
- - - - -
Indicated - - - - -
Inferred 0.7 0.1 1 161 0.1
Total Resource 0.7 0.1 1 161 0.1
Total Measured - - - -
Total Indicated 10.4 0.1 12 122 1.3
Total Inferred 7.1 0.1 7 156 1.1
Total 17.5 0.1 19 136 2.4
ASX ANNOUNCEMENT
23 April 2026
Appendix 1 – Tenement Listing
Project Location Tenement Status
Interest
at start
of
Quarter
Interest
at end
of
Quarter
Mt Ida ^ Western Australia E29/0640 Granted 100% 100%
Mt Ida ^ Western Australia E29/0771 Granted 100% 100%
Mt Ida ^ Western Australia E29/0944 Granted 100% 100%
Mt Ida ^ Western Australia E29/0964 Granted 100% 100%
Mt Ida ^ Western Australia E29/1238 Granted 100% 100%
Mt Ida ^ Western Australia E29/1239 Granted 100% 100%
Mt Ida ^ Western Australia E29/1240 Granted 100% 100%
Mt Ida ^ Western Australia E29/1262 Application 100% 100%
Mt Ida^ Western Australia E29/1288 Granted 100% 100%
Mt Ida^ Western Australia E29/1292 Application 100% 100%
Mt Ida^ Western Australia E29/1293 Granted 100% 100%
Mt Ida^ Western Australia E29/1309 Application 100% 100%
Mt Ida ^ Western Australia M29/0002 Granted 100% 100%
Mt Ida ^ Western Australia M29/0094 Granted 100% 100%
Mt Ida ^ Western Australia M29/0165 Granted 100% 100%
Mt Ida ^ Western Australia M29/0422 Granted 100% 100%
Mt Ida ^ Western Australia M29/0429 Granted 100% 100%
Mt Ida ^ Western Australia M29/0444 Granted 100% 100%
Mt Ida ^ Western Australia M29/0458 Application 100% 100%
Mt Ida ^ Western Australia M29/0459 Application 100% 100%
Mt Ida ^ Western Australia P29/2666 Granted 100% 100%
Mt Ida ^ Western Australia P29/2667 Granted 100% 100%
Mt Ida ^ Western Australia P29/2668 Granted 100% 100%
Mt Ida ^ Western Australia P29/2669 Granted 100% 100%
Mt Ida ^ Western Australia P29/2719 Application 100% 100%
Mt Ida ^ Western Australia P29/2720 Application 100% 100%
Mt Ida ^ Western Australia P29/2721 Application 100% 100%
Mt Ida ^ Western Australia L29/166 Granted 100% 100%
Mt Ida ^ Western Australia L29/171 Granted 100% 100%
Mt Ida ^ Western Australia L29/186 Granted 100% 100%
Mt Ida ^ Western Australia L29/229 Granted 50% 50%
Mt Ida^** Western Australia L29/177 Granted 100% 100%
Yinnetharra Western Australia E09/2169 Granted 100% 100%
Yinnetharra Western Australia E09/2170 Granted 100% 100%
Yinnetharra Western Australia E09/2283 Granted 100% 100%
Yinnetharra Western Australia E09/2545 Granted 100% 100%
Yinnetharra Western Australia E09/2621 Granted 100% 100%
Yinnetharra Western Australia E09/2705 Granted 100% 100%
Yinnetharra Western Australia E09/2716 Application 100% 100%
ASX ANNOUNCEMENT
23 April 2026
Project Location Tenement Status
Interest
at start
of
Quarter
Interest
at end
of
Quarter
Yinnetharra Western Australia E09/2772 Application 100% 100%
Yinnetharra Western Australia E09/2806* Application 100% 100%
Yinnetharra Western Australia E09/2808* Application 100% 100%
Yinnetharra Western Australia E09/2814 Application 100% 100%
Yinnetharra Western Australia E09/2997 Application 100% 100%
Yinnetharra Western Australia E09/3024 Application 100% 100%
Camel Hill2
Western Australia E09/23542
Granted 0% 0%
Camel Hill2
Western Australia E09/23882
Granted 0% 0%
Morrissey Hill2
Western Australia E09/23752
Granted 0% 0%
Morrissey Hill2
Western Australia M09/1012
Granted 0% 0%
Morrissey Hill2
Western Australia E09/28052*
Application 0% 0%
Morrissey Hill2
Western Australia E09/28072*
Application 0% 0%
Ti-Tree Project3
Western Australia E09/25033
Granted 0% 0%
Ti-Tree Project3
Western Australia E09/25223
Application 0% 0%
Ti-Tree Project3
Western Australia E09/29353
Application 0% 0%
Aston Project Western Australia E09/2114 Granted 100% 100%
Aston Project Western Australia E09/2156 Granted 100% 100%
Aston Project Western Australia E09/2302 Granted 100% 100%
Aston Project Western Australia E09/2358 Granted 100% 100%
Aston Project Western Australia E09/2463 Granted 100% 100%
Aston Project Western Australia E09/2464 Granted 100% 100%
Aston Project Western Australia E09/2472 Granted 100% 100%
Aston Project Western Australia E09/2607 Granted 100% 100%
Aston Project Western Australia E09/2628 Granted 100% 100%
Aston Project Western Australia E09/2629 Granted 100% 100%
Aston Project Western Australia E09/2630 Granted 100% 100%
Aston Project Western Australia E09/2641 Granted 100% 100%
Aston Project Western Australia E09/2829 Granted 100% 100%
Aston Project Western Australia E09/2967 Granted 100% 100%
Aston Project Western Australia E09/2968 Granted 100% 100%
Aston Project Western Australia E09/2789 Application 100% 100%
Aston Project Western Australia E09/2796 Application 100% 100%
Mortimer Hills Western Australia E09/2147 Granted 100% 100%
^ Ballard Mining Limited executed a Mineral Rights Deed with Delta Lithium Limited. Ballard Mining Ltd (via Mt Ida Au Pty Ltd)
has exclusive rights to gold; Delta retains rights to all other minerals. On 9 July 2025 Ballard Mining ceased to be a subsidiary of
Delta Lithium.
*Application remains in ballot
**Miscellaneous Licences are for the purpose for groundwater search only
2
Earn-In & JV Agreement with Reach Resources Limited for Camel Hill & Morrissey Hill Projects
Rule 5.5
ASX Listing Rules Appendix 5B (17/07/20) Page 1
+ See chapter 19 of the ASX Listing Rules for defined terms.
Appendix 5B
Mining exploration entity or oil and gas exploration entity
quarterly cash flow report
Name of entity
Delta Lithium Limited (ASX Code: DLI)
ABN Quarter ended (“current quarter”)
67 107 244 039 31 MARCH 2026
Consolidated statement of cash flows Current quarter
$A’000
Year to date (9
months)
$A’000
1. Cash flows from operating activities
- -
1.1 Receipts from customers
1.2 Payments for
(591) (610)
(a) exploration & evaluation (if expensed)
(b) development - -
(c) production - -
(d) staff costs (551) (1,973)
(e) administration and corporate costs (1,187) (2,029)
1.3 Dividends received (see note 3) - -
1.4 Interest received 564 1,702
1.5 Interest and other costs of finance paid (9) (30)
1.6 Income taxes paid - -
1.7 Government grants and tax incentives 1,273 1,347
1.8 Other (provide details if material) - -
1.9 Net cash from / (used in) operating
activities
(501) (1,593)
2. Cash flows from investing activities
- -
2.1 Payments to acquire or for:
(a) entities
(b) tenements - -
(c) property, plant and equipment - (8)
(d) exploration & evaluation (if capitalised) (1,816) (8,238)
(e) investments - -
(f) other non-current assets - -
Appendix 5B
Mining exploration entity or oil and gas exploration entity quarterly cash flow report
ASX Listing Rules Appendix 5B (17/07/20) Page 2
+ See chapter 19 of the ASX Listing Rules for defined terms.
Consolidated statement of cash flows Current quarter
$A’000
Year to date (9
months)
$A’000
2.2 Proceeds from the disposal of:
- (1,377)
(a) entities
(b) tenements - -
(c) property, plant and equipment 522 579
(d) investments - -
(e) other non-current assets - -
2.3 Cash flows from loans to other entities - -
2.4 Dividends received (see note 3) - -
2.5 Other (provide details if material) - -
2.6 Net cash from / (used in) investing
activities
(1,294) (9,044)
3. Cash flows from financing activities
- -
3.1 Proceeds from issues of equity securities
(excluding convertible debt securities)
3.2 Proceeds from issue of convertible debt
securities
- -
3.3 Proceeds from exercise of options - -
3.4 Transaction costs related to issues of equity
securities or convertible debt securities
(1) (3)
3.5 Proceeds from borrowings - -
3.6 Repayment of borrowings from Associates - 4,444
3.7 Transaction costs related to loans and
borrowings
- -
3.8 Dividends paid - -
3.9 Principle payments of lease liability (39) (114)
3.10 Net cash from / (used in) financing
activities
(40) 4,327
4. Net increase / (decrease) in cash and
cash equivalents for the period
4.1 Cash and cash equivalents at beginning of
period
53,997 58,472
4.2 Net cash from / (used in) operating
activities (item 1.9 above)
(501) (1,593)
4.3 Net cash from / (used in) investing activities
(item 2.6 above)
(1,294) (9,044)
4.4 Net cash from / (used in) financing activities
(item 3.10 above)
(40) 4,327
Appendix 5B
Mining exploration entity or oil and gas exploration entity quarterly cash flow report
ASX Listing Rules Appendix 5B (17/07/20) Page 3
+ See chapter 19 of the ASX Listing Rules for defined terms.
Consolidated statement of cash flows Current quarter
$A’000
Year to date (9
months)
$A’000
4.5 Effect of movement in exchange rates on
ca
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