Quarterly Activities Report and Appendix 5B
Released
Released
Announcement PDF
ASX ANNOUNCEMENT
22 October 2025
SEPTEMBER 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 30 September 2025.
September Quarter Highlights
• Ballard Mining Limited (ASX:BM1) commenced trading in July having been successfully
spun-out of Delta’s Mt Ida gold rights via a demerger and concurrent IPO into a new
standalone, gold-focused ASX-listed exploration company.
o Eligible Delta shareholders received an in-specie distribution of one Ballard share for every
11.25 Delta shares held, effectively a capital return of $16M.
o Delta retained significant upside exposure to Ballard with a substantial 46% shareholding.
o The demerger and IPO of Ballard initially added $39M to the balance sheet of Delta (at the
$0.25c per share issue price) to in excess of $82M1
at this report date.
o The demerger has unlocked significant value for Delta shareholders and separated Delta’s
gold and lithium assets into two distinct companies.
• Delta to benefit from Ballard’s regional and in-fill drilling program at Mt Ida.
o Following the successful spin-out of Delta’s Gold rights, infill gold drilling conducted by
Ballard at Mt Ida intercepted notable lithium intervals including:
37m @ 2.05% Li2O from 217m
17m @ 1.47% Li2O from 144m
23m @ 1.04% Li2O from 212m
• Detailed ground mapping and geochemical sampling to identify regional exploration targets
for the current drill program at Yinnetharra.
o Systematic geochemical sampling and mapping over priority areas have been conducted to
determine targets for drill testing at Jamesons and adjacent prospects along the Leake
Springs metasediment package in the December quarter
• Database review highlights high grade rubidium contained in the Mt Ida pegmatites and
investigations have commenced to determine potential co-product credits.
• At the end of the quarter Delta had cash $56.8M.
Commenting on the quarter, Managing Director of Delta Lithium, Mr James Croser said:
“The most recent quarter was genuinely transformational for Delta. The demerger and subsequent IPO of
our gold assets into Ballard Mining has resulted in a significant benefit to Delta’s balance sheet of more
than $80 million, marked to market. Coupled with our existing cash balance of $57 million, Delta is now
perfectly positioned to pursue growth from our lithium portfolio and options further afield.
“Drilling has recommenced at Yinnetharra on priority targets along the 20km of Leake Springs unit linking
our two MRE’s at Jameson to Malinda, testing extensions to Jameson’ mineralisation and seeking Lithium,
Caesium, Tantalum pegmatite’s (LCT’s) on our newly acquired ground.
1
Based on closing price of Ballard Mining at 21 October 2025
ASX ANNOUNCEMENT
22 October 2025
“Mt Ida continues to grow in confidence, with some high-grade infill drill results from Sister Sam and the
discovery of a new LCT pegmatite in the Sister Sam footwall. Ongoing metallurgy and mineralogy work has
also indicated the presence of high-grade rubidium worthy of follow-up work over coming months.”
MT IDA DEMERGER AND IPO
During the quarter, Ballard Mining Limited commenced trading on the ASX following Delta’s successful
completion of the demerger and Initial Public Offering (IPO) of its Mt Ida Gold Project into this new,
standalone entity. This strategic separation allows Delta to focus on its core lithium business while providing
investors with direct exposure to a promising gold exploration company.
The Mt Ida Gold Asset is located approximately 100km northwest of Menzies, and approximately 225km by
road from Kalgoorlie in Western Australia’s prolific Eastern Goldfields mining region.
Figure 1: Mt Ida Project and Location of Gold Deposits
Delta released an updated gold Mineral Resource Estimate (MRE) at the Mt Ida Project of a total Inferred
and Indicated Mineral Resources of 10.3Mt @ 3.33 g/t Au for 1.1 Moz2
. This MRE update significantly
increased the global gold inventory at the Mt Ida Project, demonstrating the presence of a large gold system,
both immediately at Baldock and across the broader tenement package (see Figure 1) and represented
2 See ASX Announcement 29 April 2025 entitled “Mt Ida Gold Resources Update & Proposed Demerger”
ASX ANNOUNCEMENT
22 October 2025
significant potential upside for future exploration at the Mt Ida Project.
Given the scale of the Mt Ida Gold MRE and a potential future standalone mining operation, together with
the funds required to continue advancing the Mt Ida Project towards execution, the Board and management
of Delta made a strategic decision to demerge the Gold Asset into Ballard to drive superior value for Delta
Shareholders and new Ballard Shareholders. The demerger and IPO have been an outstanding success
with the Ballard share price appreciating more than 150% since listing.
The demerger, which received very strong institutional and retail support, provided Delta shareholders with
one Ballard share for every 11.25 Delta shares held, allowing shareholders to retain exposure to the value
and upside of the Gold Asset. Ballard is driven by a high-calibre and experienced team with extensive
experience in mineral exploration, project development, mining and financing in the resources industry. Tim
Manners and Paul Brennan lead the executive team and carry their current knowledge of the asset over to
Ballard to ensure a smooth transition of the Mt Ida Gold asset into the new standalone entity. Todd Hibberd
subsequently joined as Exploration Manager. Simon Lill has been appointed Chairman and Stuart Mathews
and James Croser are acting as Non-Executive Directors.
The demerger was subsequently followed by a successful IPO and ASX listing on 14 July 2025, with an
oversubscribed capital raising of $30 million. The capital has allowed Ballard to immediately commence a
significant exploration, extensional and infill drilling program, including the drilling of regional growth targets
and infill drilling at Baldock to support DFS workstreams and associated study work, with a view to reaching
a final investment decision on building a gold mine at Mt Ida.
Ongoing Exploration at Mt Ida
Delta remains the tenement holder at Mt Ida and retains ownership of all minerals except for gold.
The demerger provides Delta significant upside through a substantial holding in Ballard Mining, while
enabling the Company to continue focusing on its primary business, being the exploration and development
of its Australian lithium assets. Delta is also able to benefit from the Ballard regional and infill drilling
programs. Where pegmatites are intercepted during the gold drilling programs, Delta has been assaying
the pegmatites for lithium. Best results intercepted during the quarter (which were drilled obliquely) are
outlined below;
o 37m @ 2.05% Li2O from 217m in DFS399 (Sister Sam)
o 17m @ 1.47% Li2O from 144m in IDRD381 (Sister Sam)
o 23m @ 1.04% Li2O from 212m in DFS066B (Timoni)
These new lithium results and a new pegmatite discovery are very encouraging for the Mt Ida Lithium Project
and confirm the high potential of discovering further resources at depth and along strike of the existing
Lithium MRE with future drilling.
Furthermore, a thorough review of the Mt Ida database during the quarter has confirmed that the Mt Ida
LCT pegmatite system also hosts high-grade rubidium, coincident and seemingly correlated with the
existing high-grade lithium and tantalum mineralised zones. Very high-grade rubidium intercepts have been
assayed, including intercepts of up to 5m @ 1.79% Rb2O in hole GCS0013. Table 1 below includes a
selection of the many significant rubidium intercepts contained within the existing Mt Ida LCT pegmatites.
The rubidium is completely contained within the existing MRE, potentially adding significant value as a co-
product to the lithia production at the Mt Ida Project by reporting to the mica pre-float concentration part of
the existing Mt Ida WOF flowsheet design. As a result, this new data will be incorporated into a MRE update
for Mt Ida (inclusive of rubidium), which Delta aims to complete in the December Quarter.
ASX ANNOUNCEMENT
22 October 2025
HoleID From To Length Li2O % Ta2O5 ppm Rb2O %
IDRD162 275.96 318 42.04 1.77 382 0.71
IDRD077W2 385.1 443.03 57.93 1.37 187 0.55
IDRD077 398.31 436.58 38.27 1.20 146 0.56
IDRD178 353 390.93 37.93 1.26 204 0.54
DFS399 217 254 37 2.05 254 0.71
IDRD229W1 676 740.96 64.96 1.1 122 0.46
SSRD058 574.85 603.58 28.73 1.6 112 0.51
IDRD041 142.92 169 26.08 1 65 0.51
GCS0077 63 89 21 1 203 0.35
GCS0013 55 60 5 0.84 44 1.79
Table 1: Significant rubdium intercepts within the Mt Ida pegmatites
Delta will conduct metallurgical test-work on the existing lepidolite concentrate during the upcoming quarter
to better understand the potential of rubidium as a co-product at Mt Ida.
YINNETHARRA LITHIUM PROJECT
The Yinnetharra project, in the
Gascoyne region of Western
Australia, targets Lithium
mineralisation, with Delta now
owning more than 3,100 km² of
tenure outright 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.
During the quarter, fieldwork
activities continued at Yinnetharra
including target generation soil
geochemistry and detailed geology
mapping to support planning for the
recently commenced drill program.
Additional heritage surveying to
ensure the identification and
preservation of important heritage
sites was completed across all
tenure locations in preparation for
the upcoming RC drill program.
Figure 2: Location of Delta’s Projects
ASX ANNOUNCEMENT
22 October 2025
Jameson
Jameson represents a high priority target in relation to exploration and resource growth. The current
Jameson MRE of 0.8Mt @ 1.66% Li2O is open down plunge and will be tested during the RC drilling
program. The area is structurally complex with several deformational and folding events. Structural analysis
undertaken has improved understanding of the paragenesis and subsequent mineralisation which is hosted
in these structural traps.
The detailed structural review identified the F2 fold hinges and later stage faults as priority targets for future
exploration. The current surface data correlates with this thesis, suggesting Lithium-enriched fluids have
mobilised through these potential structural trap zones – see Figure 3). The majority of this Phase 1 drilling
program is targeting these fold hinges, limbs and faults which possess elevated discrete surface anomalies
and represent compelling targets. These targets have never been drill tested and have an identical structural
setting to the J1 pegmatite.
Figure 3: Plan View to Jameson with planned drilling
ASX ANNOUNCEMENT
22 October 2025
Yinnetharra Regional Exploration
As part of the regional campaign, exploration work has continued across the 3000km2
Project and JV tenure.
The team have been conducting systematic surface exploration across prospective areas and generated
over 25 prospects (Figure 4) with many areas not yet explored. This greenfields geological work comprised
of detailed mapping, rock chip and auger sampling as well as a high-resolution drone magnetic survey (EM).
The EM survey was completed in September and flown at 25m spacings and 20m vertical height to produce
a high-resolution map which will aid with structural interpretations and target generation. The culmination of
these greenfields geological workstreams has resulted in six priority drill targets that will be the focus of the
Phase 1 drill program, all of which are hosted in the Leake Springs Metamorphics unit, the preferential host
of Jameson and Malinda deposits – see Figure 4.
Figure 4: Plan View to Yinnetharra MRE’s and drill targets for current exploration programs
ASX ANNOUNCEMENT
22 October 2025
Mason’s Prospect is a 500m long target characterised by enriched Lithium, Caesium, Tantalum (LCT)
pegmatites located 3km along strike from Jamesons within the same host rocks. The first phase of drilling
will target these northwest trending pegmatites at depth and along the defined strike.
Yamazaki Prospect represents a compelling exploration target sitting just 8km from Jameson and 12km
from Malinda along the margin of the continuous Leake Springs unit. It hosts a 4km long Lithium surface
geochemical anomaly that has never been drilled – see Figure 5. First pass drilling will focus on the primary
Lithium anomalies while Phase 2 and 3 drilling have been planned pending successful results.
Figure 5: Plan View to Yamazaki prospect showing surface anomalism
North Talisker and Caribou both represent strong targets with each hosting consistent LCT signatures and
rock chips as high as 822ppm Ta2O5. North Talisker has never been drilled while only 13 holes were
completed at Caribou South last year with follow up work identified at that time.
East Calypso Prospect is one of the highest ranked targets beyond Jameson. This prospect sits immediately
adjacent to the Thirty-Three suites Granite within the Leak Springs which is a mirror image of the geological
setting at the Malinda deposit. Contrary to the general LCT models, the 21.1Mt @ 1% Li2O at Malinda is
located only a few hundred metres away from the apparent source Granite which is identical to East Calypso
to the South. East Calypso is also strengthened by the same host rocks and consistently high Lithium /
Caesium levels in the surface dataset, while Caesium is generally very immobile and does not travel far
from the source – see Figure 6. These E-W trending pegmatites will be tested thoroughly during this current
program.
ASX ANNOUNCEMENT
22 October 2025
Figure 6: Plan Views to East Calypso with surface data showing Lithium & Caesium anomalism
Figure 7: Plan Views to East Calypso with surface data showing Lithium & Caesium anomalism
ASX ANNOUNCEMENT
22 October 2025
CORPORATE
Delta’s ASX-listed investments at the end of the quarter consisted of 156M shares in BM1 (subject to
escrow), 5M shares in UVA and 500M shares in JAV (subject to voluntary escrow).
Cash at the end of the quarter was $56.8M.
Amounts spent in the quarter relating to the Ballard listing and Mt Ida Gold exploration are included in the
cash outflows of Delta Lithium up to the 9th
of July when Ballard Mining Limited ceased to be a subsidiary
of Delta.
Mr Tim Manners resigned as a Director on 14th
July 2025 to assume an Executive Role with Ballard Mining
Limited.
Audited accounts were finalised and the release of the Company’s Annual Report to shareholders on 22nd
September.
ASX COMPLIANCE
ASX Listing Rule 5.3.1: Exploration and Evaluation Expenditure during the September 2025 Quarter was
$2.821M. Full details of exploration activity during the September 2025 Quarter are set out in this report.
ASX Listing Rule 5.3.2: There was no substantive mining production and development activities during the
September 2025 Quarter.
ASX Listing Rule 5.3.5: Payments to related parties of the Company and their associates during the
September Quarter: $456k - 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
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 a strong balance sheet and an experienced team driving the exploration and development workstreams.
Delta Lithium continues to advance its Lithium Projects. The demerger and spin out of the gold assets into Ballard Mining Limited, in which Delta
maintains a significant holding, is focussed on advancing the Mt Ida Gold Project which sits on existing Mining Leases with an approved Mining
Proposal. Delta Lithium is pursuing a development pathway for the Lithium at Mt Ida to unlock maximum value for shareholders.
Delta Lithium also holds the highly prospective Yinnetharra Lithium Project. Delta currently possess rights to 3,100km2 of prospective ground in
the Gascoyne region and is undertaking systematic exploration of this tenure. The strategy is to focus multiple teams on these high priority targets,
follow up with drilling and grow the Yinnetharra resource which will feed into subsequent studies.
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
ASX ANNOUNCEMENT
22 October 2025
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
is an employee of Delta Lithium Limited and consents to the inclusion in this announcement of the matters based on his information in the form and
context in which it appears.
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.
Bibliography
22/09/2025 ASX Corporate Governance Statement and Appendix 4G (25 Pages)
22/09/2025 ASX Annual Report to shareholders (122 Pages)
22/09/2025 ASX Change of Director's Interest Notice JC (3 Pages)
22/09/2025 ASX Change of Director's Interest Notice NES (3 Pages)
22/09/2025 ASX Notification of cessation of securities - DLI (4 Pages)
28/07/2025 ASX Cleansing Notice (1 Page)
28/07/2025 ASX Application for quotation of securities - DLI (6 Pages)
28/07/2025 ASX Quarterly Activities/Appendix 5B Cash Flow Report
25/07/2025 ASX Notification of cessation of securities - DLI (4 Pages)
25/07/2025 ASX Notification of cessation of securities - DLI (4 Pages)
25/07/2025 ASX Final Director's Interest Notice (2 Pages)
17/07/2025 ASX Amended Initial Substantial Holder Notice for BM1 (4 Pages)
17/07/2025 ASX BM1:Correction to number of restricted and quoted securities (2 Pages)
14/07/2025 ASX Notification of cessation of securities - DLI (4 Pages)
14/07/2025 ASX Director Appointment/Resignation (1 Page)
14/07/2025 ASX Initial Substantial Holder Notice for BM1 (4 Pages)
ASX ANNOUNCEMENT
22 October 2025
JORC Tables
Table 2: Global Lithium Mineral Resource Estimate Summary Table
Delta Lithium Group Mineral Resource estimate (Li₂O only)
Resource category
Cut-off
grade
(Li₂O%)
Li₂O Ta₂O₅
Tonnes
(Mt)
Grade
(% Li₂O)
Li₂O
(Kt)
Grade
(Ta₂O₅ ppm)
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
0.5
- - - -
Indicated 7.8 1.3 104 224
Inferred 6.8 1.1 76 154
Total Resource 14.6 1.2 180 191
Total Measured - - - -
Total Indicated 23.9 1.1 262 125
Total Inferred 12.6 1.0 130 115
Total 36.5 1.1 392 121
Tonnages and grades have been rounded to reflect the relative uncertainty of the estimate. Inconsistencies in
the totals are due to rounding.
ASX ANNOUNCEMENT
22 October 2025
Table 3: April 2025 Mt Ida Gold Mineral Resource Estimate Table
Cut off Deposit
Indicated Inferred Total
Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces
(000s) g/t Au (000s) (000s) g/t Au (000s) (000s) g/t Au (000s)
Open cut Au 0.5
g/t
Baldock 2,600 4.5 365 1,570 3.6 200 4,120 4.2 563
Kestrel - - - 940 1.6 48 940 1.6 48
Golden Vale * - - - 496 1.7 27 496 1.7 27
Bombay 711 1.3 30 711 1.3 30
West Knell 238 3.3 25 238 3.3 25
Jupiter 50 1.7 3 50 1.7 3
0.0 g/t Au Cut off Mt Ida Tailings * - - - 500 0.5 8 500 0.5 8
Underground 1.5
g/t Au
Baldock 242 4.8 37 2,610 4.0 338 2,850 4.0 368
Kestrel - - - 80 1.8 5 80 1.8 5
Golden Vale - - - - - - - - -
Bombay 30 3 3 30 3 3
West Knell 192 2.4 15 192 2.4 15
Jupiter 90 2.7 8 90 2.7 8
All
Baldock 2,840 4.5 402 4,220 3.9 532 7,000 4.1 930
Kestrel - - 1,000 1.7 53 1,000 1.7 53
Golden Vale * - - - 496 1.7 27 496 1.7 27
Bombay 740 1.4 33 740 1.4 33
West Knell 420 2.9 40 420 2.9 40
Jupiter 140 2.3 11 140 2.3 11
Mt Ida Tailings * 500 0.5 8 500 0.5 8
Total 2,840 4.5 402 7,500 3.0 699 10,310 3.33 1,102
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 Application 100% 100%
Mt Ida^ Western Australia E29/1292 Application 100% 100%
Mt Ida^ Western Australia E29/1293 Application 100% 100%
Mt Ida^ Western Australia E29/1309 Application 0% 100%
Mt Ida ^ Western Australia M29/0002 Granted 100% 100%
ASX ANNOUNCEMENT
22 October 2025
Project Location Tenement Status
Interest
at start
of
Quarter
Interest
at end
of
Quarter
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 0% 100%
Mt Ida ^ Western Australia M29/0459 Application 0% 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 0% 100%
Mt Ida ^ Western Australia P29/2720 Application 0% 100%
Mt Ida ^ Western Australia P29/2721 Application 0% 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 Application 0% 100%
Mt Ida^** Western Australia L29/174 Granted 100% 100%
Mt Ida^** Western Australia L29/175 Granted 100% 100%
Mt Ida^** Western Australia L29/176 Granted 100% 100%
Mt Ida^** Western Australia L29/177 Granted 100% 100%
Mt Ida^** Western Australia L30/094 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%
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%
Lyons River Western Australia E09/18241
Granted 100% 100%
Lyons River Western Australia E09/18251
Granted 100% 100%
Lyons River Western Australia E09/20981
Granted 100% 100%
Lyons River Western Australia E09/21021 Expired 100% 0%
Lyons River Western Australia E09/23041
Granted 100% 100%
Lyons River Western Australia E09/23051
Granted 100% 100%
Lyons River Western Australia E09/23121
Granted 100% 100%
ASX ANNOUNCEMENT
22 October 2025
Project Location Tenement Status
Interest
at start
of
Quarter
Interest
at end
of
Quarter
Lyons River Western Australia E09/27131
Granted 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
1
100% LCT (lithium-caesium-tantalum) Mineral Rights only within Dalaroo Metals Ltd Lyons River Project
2
Earn-In & JV Agreement with Reach Resources Limited for Camel Hill & Morrissey Hill Projects
3
Earn-In & JV Agreement with Voltaic Strategic Resources Limited for Ti-Tree Lithium Project
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 30 SEPTEMBER 2025
Consolidated statement of cash flows Current quarter
$A’000
Year to date (3
months)
$A’000
1. Cash flows from operating activities
- -
1.1 Receipts from customers
1.2 Payments for
(7) (7)
(a) exploration & evaluation (if expensed)
(b) development - -
(c) production - -
(d) staff costs (973) (973)
(e) administration and corporate costs (1,038) (1,038)
1.3 Dividends received (see note 3) - -
1.4 Interest received 615 615
1.5 Interest and other costs of finance paid (11) (11)
1.6 Income taxes paid - -
1.7 Government grants and tax incentives 28 28
1.8 Other (provide details if material) - -
1.9 Net cash from / (used in) operating
activities
(1,386) (1,386)
2. Cash flows from investing activities
- -
2.1 Payments to acquire or for:
(a) entities
(b) tenements - -
(c) property, plant and equipment (6) (6)
(d) exploration & evaluation (if capitalised) (2,821) (2,821)
(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 (3
months)
$A’000
2.2 Proceeds from the disposal of:
(1,377) (1,377)
(a) entities
(b) tenements - -
(c) property, plant and equipment - -
(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
(4,204) (4,204)
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 exer
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