Investor Presentation
Released
Released
Announcement PDF
CORPORATE
PRESENTATION
TRIBECA FUTURE
FACING
COMMODITIES
CONFERENCE
APRIL 2025
ASX: DLI
deltalithium.com.au
MAJOR SHAREHOLDERS
CORPORATE OVERVIEW
23%
CAPITAL STRUCTURE
42%
SHARES ON ISSUE
716.5M
PERFORMANCE RIGHTS
14.8M
OPTIONS
12.0M
MARKET CAP
A$125.4M1
CASH
A$70.7M2
ENTERPRISE VALUE
A$54.7M
RESEARCH COVERAGE PROVIDED BY:
1. Closing Price A$0.175 cps 28 March 2025
2. Cash Balance as at 31 December 2024
2
ASX: DLI
CORPORATE PRESENTATION APRIL 2025
deltalithium.com.au
12%
1%
11%
11%
Mineral Resources
22.9%
Idemitsu
12.0%
Hancock Prospecting
10.7%
Waratah
10.7%
Board and Management
1.5%
Other
42.2%
REVIEW OF OPERATIONS
Key
Projects
Lithium Operating Mine
Lithium Resources
Lithium Resources
Estimates (<5Mt)
Ports
Total Lithium/Tantalum
Resources
36.5Mt @ 1.1% Li2O and
54Mt @ 126ppm Ta2O5
Mt Ida Gold Resource
6.6Mt @ 3.5g/t Au
for 752,000 ounces
3
ASX: DLI
1. Greenbushes
2. Mt Cattlin
3. Mt Holland
4. Split Rocks
5. Buldania
6. Dome North
7. Bald Hill
8. Mt Marion
9. Manna Lithium
10. Kathleen Valley
11. Wodgina
12. Pilgangoora
13. Marble Bar
14. Tabba Tabba
CORPORATE PRESENTATION APRIL 2025
deltalithium.com.au
21.9Mt @ 1.0% Li2O
PROVEN EXPERIENCE IN
PROJECT DELIVERY
OUR BOARD
Nader El Sayed
Non-Executive Chairman
James Croser
Managing Director
Joshua Thurlow
Non-Executive Director
►
Current Managing Director of
Multiplant Holdings – a mining
and civil services provider
►
25+ years operational, technical
and management experience in
the Australian mining sector
►
20+ years experience in mining
and resources across Asia
Pacific, Africa & North America
►
Background in risk
management, corporate
governance, strategy and
finance
►
Mining Engineering background
►
►
Founding Director of Delta
Lithium
Background in corporate
strategy, social responsibility,
business development and
growth and operations
leadership
4
ASX: DLI
CORPORATE PRESENTATION APRIL 2025
deltalithium.com.au
Tim Manners
Non-Executive Director
►
►
25+ years experience in
corporate finance, accounting
and business development
functions in the resources sector
Held senior financial positions in
various sectors including
precious and base metals,
industrial minerals and bulk
commodities
Steve Kovac
Non-Executive Director
►
Current CEO of Idemitsu
Australia
►
23+ years experience in the
mining sector
►
Held Senior Management and
Executive level roles for the past
14 years
RAPID DEVELOPMENT OF
WESTERN AUSTRALIAN ASSETS
Our Team
►
►
Experienced resource
professionals with Life of
Mine vision
►
►
5
ASX: DLI
►
Seasoned Lithium and
Gold explorers
Mt Ida
►
Major Shareholders
All Mining Approvals in
place
Lithium/Tantalum MRE
14.6Mt @ 1.2% Li2O and
191ppm Ta2O5
Gold MRE 6.6Mt @
3.5g/t Au for 752koz
►
►
►
Yinnetharra
►
Lithium/Tantalum MRE
►
Exploration and
development programs
Dominant landholding
►
CORPORATE PRESENTATION APRIL 2025
deltalithium.com.au
Substantial investments
by proven lithium miners,
multinationals and
investors
Location
21.9Mt @ 1.0% Li2O and
39.4Mt @ 102ppm Ta2O5
Two JORC Lithium
Resources
Global MRE
36.5Mt @ 1.1% Li2O
WA the Hard-rock Lithium
Capital of the World
Upcoming Catalysts
►
►
►
Exploration results
incoming
Mining and Metallurgy
Studies Progressing
Mt Ida Gold value-add
MT IDA LITHIUM
& GOLD PROJECT
VALUE CREATION IN
THE GOLDFIELDS
6
ASX: DLI
CORPORATE PRESENTATION APRIL 2025
deltalithium.com.au
MT IDA PROJECT OVERVIEW
Unique Deposit Geology – Lithium & Gold
adjacent
High-grade LCT pegmatites at Sister Sam, Timoni & Sparrow
14.6Mt @ 1.2% Li2O for 433kt LCE
includes Indicated Resources of
7.8Mt @ 1.3% Li2O & 224ppm Ta2O5
High-grade lode Gold in a Proven Gold District
6.6Mt @ 3.5g/t Au for 752,000 oz
includes the high-grade Baldock Deposit
4.82Mt @ 4.4g/t Au for 674,000 oz
MRE’s ON GRANTED MINING LEASES
MINING APPROVALS IN PLACE
WORKS APPROVAL FOR PROCESSING PLANT LODGED
7
ASX: DLI
CORPORATE PRESENTATION APRIL 2025
deltalithium.com.au
MT IDA GOLD RESOURCE
► High-grade Mineral Resource – Mt Ida is one of the very few,
large, high-grade undeveloped gold projects in WA
► Significant Exploration Upside – RC & Diamond drilling
underway to extend current resources and test highly prospective
regional targets
► World-class Location – Tier 1 location, in the heart of WA’s
Eastern Goldfields
► Clear Pathway to Production – The Mt Ida Gold Project is
situated on granted Mining Leases, fully permitted and
shovel-ready
► Development & Infrastructure Options – potential as standalone
operation given scale and grade or flexibility to toll treat given
proximity to existing plants
8
ASX: DLI
CORPORATE PRESENTATION APRIL 2025
deltalithium.com.au
MT IDA GOLD RESOURCE
Mt Ida Gold Mineral Resource Estimate
Indicated
Cut off
Deposit
Inferred
Tonnes
Grade
Ounces
Tonnes
Grade
Ounces
Tonnes
Grade
Ounces
(000s)
g/t Au
(000s)
(000s)
g/t Au
(000s)
(000s)
g/t Au
(000s)
500
0.5
8
500
0.5
8
Mt Ida Tailings
All
Baldock
1,525
4.9
242.0
3,292
4.1
432
4,817
4.4
674
Kestrel
-
-
-
790
1.7
43
790
1.7
43
Golden Vale
-
-
-
496
1.7
27
496
1.7
27
1,525
4.9
242.0
5,078
3.1
510
6,603
3.5
752
Total
9
ASX: DLI
Total
CORPORATE PRESENTATION APRIL 2025
deltalithium.com.au
MT IDA GOLD RESOURCE EXTENSIONS
Targeted Gold drilling has
nearly completed
►
►
4-Stage program 3540,000m RC &
DD commenced 3Q24
Target Baldock MRE extensions &
high-grade shoots, then regional
►
Seeking to build ‘stand-alone’ scale
►
MRE update 2Q25
then
►
Infill drillout phase to enable
Resource-Reserve conversion
10
ASX: DLI
CORPORATE PRESENTATION APRIL 2025
deltalithium.com.au
MT IDA RECENT GOLD RESULTS
Numerous results1 outside the current Baldock MRE
►
3m @ 18.2 g/t Au from 283m in IDRD364
►
1.54m @ 37.3 g/t from 367.9m in IDRD325
►
6m @ 13.4 g/t Au from 91m in IDRD389
► Including 3m @ 25.1g/t Au from 92m
►
1.2m @ 10.1 g/t Au from 410.5m in IDRD333
►
7m @ 2.9 g/t Au from 17m in IDRD368
►
2m @ 9.3 g/t Au from 83m in IDRD309
►
1m @ 6.5 g/t Au from 197m in IDRD310
►
5m @ 4.7 g/t Au from 38m in IDRD321
► Including 2m @ 10.3g/t Au from 38m
1. Refer to ASX announcement 14 Nov 2024 “Activities Update from Mt Ida Gold Project”,
and ASX announcement 23 Jan 2025 “Mt Ida Exploration Update”,
and ASX announcement 26 Mar 2025 “Mt Ida Gold Exploration and Permitting Update”
11
ASX: DLI
CORPORATE PRESENTATION APRIL 2025
deltalithium.com.au
MT IDA GOLD RESOURCE - Baldock Metallurgy
Grind-size variability testwork
yields favourable results
►
Baldock 5 Main Lodes
086, 090, 100, 110, 140 amenable to
standard crush/grind/CIL adsorption
►
Representative samples composited
with good spatial variability
►
24hr leach recoveries avg.+90%
►
Copper does not appear problematic
12
ASX: DLI
CORPORATE PRESENTATION APRIL 2025
deltalithium.com.au
Meteor North 140 Lode
Underground 090,100,110 Lodes
086 Lodes
See Next Slide
See Next Slide
See Next Slide
MT IDA GOLD RESOURCE - BALDOCK METALLURGY
Meteor North 140 Lode
Meteor North
Open Pit &
Underground
Oxide
Transitional
Fresh
13
ASX: DLI
Underground 090,100,110 Lodes
Grind
Size
(P80)
micron
Calc
head
grade
(g/t)
Gravity
Gold
(%)
24-hr Au
Extraction
(%)
140
2.6
18
93
106
2.6
18
95
75
2.4
20
140
3.4
106
086 Lodes
Grind
Size
(P80)
micron
Calc
head
grade
(g/t)
Gravity
Gold
(%)
24-hr Au
Extraction
(%)
140
8.3
27
94
106
7.0
32
93
95
75
7.4
30
96
18
85
140
15.0
47
95
3.3
18
88
106
30.8
23
94
75
3.3
19
95
75
15.4
45
96
140
5.1
33
84
140
v6.2
33
88
106
5.9
29
87
106
6.1
33
89
75
5.6
30
89
75
5.9
34
91
CORPORATE PRESENTATION APRIL 2025
deltalithium.com.au
Underground
Master
Composites
090 Lode
100 Lode
110 Lode
086 Open Pit
&
Underground
Oxide
Transitional
Fresh
Grind
Size
(P80)
micron
Calc
head
grade
(g/t)
Gravity
Gold
(%)
24-hr Au
Extraction
(%)
75
4.8
44
98
140
4.8
60
95
106
4.7
65
99
75
6.1
63
99
140
4.6
52
94
106
4.4
58
97
75
3.0
57
96
MT IDA GOLD REGIONAL
►
►
Numerous high-grade historical gold intercepts along +20km
perimeter of Copperfield Granite
Strategic geographical position in the Eastern Goldfields corridor
- 6+ processing plants within 200kms
►
12,000m regional RC is stage 4 of current program
►
Early results1 from stage 4:
HoleID
Prospect
From
Width (m)
g/t
BYRD027
Bombay
JPEX008
Jupiter
WKEX025
West Nell
WKEX034
West Nell
WKEX039
West Nell
WKEX040
West Nell
148
45
67
74
56
150
3
1
5
6
2
7
7.9
64.0
5.76
4.41
4.07
2.01
1 Refer ASX Announcement 26 March 2025 titled “Mt Ida Gold Exploration and Permitting Update”
14
ASX: DLI
CORPORATE PRESENTATION APRIL 2025
deltalithium.com.au
Plan view of regional prospects in relation to Baldock with some
recent significant Intercepts
YINNETHARRA
LITHIUM PROJECT
GROWING A DISCOVERY
IN THE EMERGING
GASCOYNE PROVINCE
15
ASX: DLI
CORPORATE PRESENTATION APRIL 2025
deltalithium.com.au
YINNETHARRA LITHIUM PROJECT
SOLID PROGRESS AT YINNETHARRA
►
►
Delta is centre-stage in a newly emerging Gascoyne
Lithium Province
JORC Lithium MRE at Malinda
21.9Mt @ 1.0% Li2O (at a 0.5% Li O cut-off grade)
2
►
►
►
Dominant 1,769km2 Gascoyne exploration project,
including +80kms strike of prospective sediment/mafic
lithologies
Significant scale and grade – potential to grow through
numerous Prospects
Maiden High-grade Lithium MRE at the Jameson Prospect
0.8Mt @ 1.66% Li2O (at 0.5% Li O cut-off grade)
2
►
Tantalum firming up as a promising value-add
16
ASX: DLI
CORPORATE PRESENTATION APRIL 2025
deltalithium.com.au
YINNETHARRA LITHIUM PROJECT
JORC LITHIUM MRE AT MALINDA
►
21.9Mt @ 1.0% Li2O (at a 0.5% Li2O cut off)1
Li
Yinnetharra
Cut-off
Resource category
Tonnes
Grade
Li2O
Grade
(Li2O%)
(Mt)
(% Li2O)
(Kt)
(Ta2O5 ppm)
Measured
-
-
-
-
Indicated
16.1
1.0
158
77
5.8
0.9
54
69
21.9
1.0
212
75
Inferred
0.5
1. Refer to ASX announcement 31 March 2025 “Yinnetharra Lithium and Tantalum MRE Update”
ASX: DLI
Ta2O5
Grade
Total Resource
17
Li2O
CORPORATE PRESENTATION APRIL 2025
deltalithium.com.au
MALINDA PROSPECT
►
►
►
►
►
Three main LCT pegmatites M1, M36, M47 –
all with excellent widths and high-grade lithium
assays
Mineralisation is present from surface to a
depth of at least 350m striking E-W for over
2km
Feasibility level M1 metallurgy completed via 5t
pilot process
Low-grade variability testwork on M1
successful. M36 & M47 programs commenced
Geometallurgical domaining underway across
all pegmatites
18
ASX: DLI
CORPORATE PRESENTATION APRIL 2025
deltalithium.com.au
M1 LODE
94m @ 0.94% Li2O from 152m in YRRD471
47m @ 1.3% Li2O from 83m in YDRD011
M1 LODE
69m @ 1% Li2O from 127m in YDRD018
29m @ 1.1% Li2O from 47m in YRRD281
M36 LODE
29m @ 1.1% Li2O from 121m in YNEX003
33m @ 1.9% Li2O from 218m in YRRD118
M47 LODE
44m @ 0.85% Li2O from 3m in YRRD249
41m @ 1.3% Li2O from 66m in YRRD082
MALINDA PROSPECT
Metallurgy testwork progression for M1 pegmatite
Grades
Units
Batch
Locked
Cycle
Pilot
Plant
Feed Grade
%Li2O
1.0
1.0
1.0
Concentrate Grade
%Li2O
6.0
5.5
5.7
Deslime Losses
%Li2O
3.9
3.9
4.2
Mags Losses
%Li2O
3.4
3.4
2.8
Mica Prefloat Losses
%Li2O
6.4
9.9
6.1
Spodumene Float
Losses
%Li2O
4.6
6.5
17.7
Global Recovery
%Li2O
81.8
76.4
69.2
Recovery Breakdown
Pilot plant spodumene flotation circuit during operation
19
ASX: DLI
CORPORATE PRESENTATION APRIL 2025
deltalithium.com.au
YINNETHARRA LITHIUM PROJECT
►
Investigate a growing Tantalum MRE
►
Updated Tantalum MRE calculated
OUTSIDE the Lithium wireframes of:
17.5Mt @ 136ppm Ta2O5
►
►
Sits within current resource pit shells
used for MRE estimations
TOTAL Malinda Tantalum MRE is:
39.4Mt @ 102ppm Ta2O5
Spatial relationship Lithium and Tantalum
20
ASX: DLI
CORPORATE PRESENTATION APRIL 2025
deltalithium.com.au
YINNETHARRA LITHIUM PROJECT
EXPLORATION PROGRAM 2025
►
Regional field work commenced CY2025 including soil
sampling and mapping to target new Prospects
►
Geotechnical drilling across Malinda completed
►
Scheduled heritage, flora and fauna surveys
►
Focus on hydrogeology with seismic survey planned for April
►
Regulatory Approvals & Native Title discussions ongoing
►
Follow-up drilling at Jameson a high priority
JREX001
16m @ 1.7% Li2O from 26m*
JREX002
71m @ 1.2% Li2O from 27m*
JREX012
18m @ 1.5% Li2O from 13m*
*intercepts are not representative of true width
JREX002 UV response 43-47m with Li2O assays
21
ASX: DLI
CORPORATE PRESENTATION APRIL 2025
deltalithium.com.au
THE DELTA STRATEGY
PLAN FOR SUCCESS – EXECUTE THE PLAN
STRONG FOCUS ON CAPITAL ALLOCATION
& CASH PRESERVATION
BUILDING UPON CONFIDENCE AT YINNETHARRA
GOAL IS TO DEVELOP AN OPERATING MINE
MOVING TOWARDS MONETISING GOLD TO FUND
GROWTH
OPEN TO ACQUISITIONS THAT COMPLIMENT OUR
STRATEGY
22
ASX: DLI
CORPORATE PRESENTATION APRIL 2025
deltalithium.com.au
Premium Locations
► Hardrock Lithium Capital
of the World
Our Team
► Results driven with
proven hardrock lithium
experience
Major Shareholders
► Proven hardrock lithium
partners
Yinnetharra
► JORC Lithium resource
21.9Mt @ 1.0% Li2O
Mt Ida
Upcoming Catalysts
► Exploration results
incoming and JORC
resource updates
► Mining and metallurgy
studies progressing
► Bluesky upside via Gold
►
►
23
ASX: DLI
Tier one potential with
Dominant Landholding
under-explored
New Discovery at Jameson
CORPORATE PRESENTATION APRIL 2025
deltalithium.com.au
►
►
►
JORC Lithium resource
14.6 Mt @ 1.2% Li2O
JORC Gold resource
6.6Mt @ 3.5g/t Au for
752koz
Mining Approval granted
Thank you.
24
ASX: DLI
CORPORATE PRESENTATION APRIL 2025
deltalithium.com.au
GROUP MINERAL RESOURCE ESTIMATES
Lithium Mineral Resource Estimates
Resource Category
Yinnetharra
Mt Ida
Total Measured
Total Indicated
Total Inferred
Total
Measured
Indicated
Inferred
Total Resource
Measured
Indicated
Inferred
Total Resource
Delta Lithium Group Mineral Resource Estimate
Li2O
Cut-off grade
Tonnes
Grade
(%Li2O)
(Mt)
(%Li2O)
-
Li2O
(Kt)
-
Grade
(Ta2O5 ppm)
-
16.1
5.8
21.9
7.8
6.8
14.6
23.9
12.6
36.5
158
54
212
104
76
180
262
130
392
77
69
75
224
154
191
125
115
121
0.5
0.5
1.0
0.9
1.0
1.3
1.1
1.2
1.1
1.0
1.1
Notes: Tonnages and grades have been rounded to reflect the relative uncertainty of the estimate. Inconsistencies in the totals are due to rounding.
Refer to ASX announcement 31 March 2025 “Yinnetharra Lithium and Tantalum MRE Update”
Refer to announcement 3 October 2023 “Mt Ida Lithium Project Mineral Resource Estimate upgrade”
25
ASX: DLI
CORPORATE PRESENTATION APRIL 2025
deltalithium.com.au
GROUP MINERAL RESOURCE ESTIMATES
Mt Ida Gold Mineral Resource Estimate
Deposit
Indicated
Tonnes
(000s)
Inferred
Grade
g/t Au
Total
Ounces
(000s)
Indicated
Tonnes
(000s)
Inferred
Grade
g/t Au
Total
Ounces
(000s)
Indicated
Tonnes
(000s)
Inferred
Grade
g/t Au
Total
Ounces
(000s)
Baldock
1,345
4.9
209.0
1,512
3.2
158
2,857
4.0
367
Open cut Au 0.5 g/t
Kestrel
-
-
-
570
1.6
29
570
1.6
29
0.0 g/t Au Cut off
Golden Vale
Mt Ida Tailings
Baldock
180
5.8
33.0
496
500
1,780
1.7
0.5
4.8
27
8
274
496
500
1,960
1.7
0.5
4.9
27
8
307
Underground 1.5 g/t Au
Kestrel
-
-
-
220
1.9
14
220
1.9
14
-
-
-
All
Golden Vale
Mt Ida Tailings
Baldock
1,525
4.9
242.0
500
3,292
0.5
4.1
8
432
500
4,817
0.5
4.4
8
674
Kestrel
-
-
-
790
1.7
43
790
1.7
43
Golden Vale
-
-
-
496
1.7
27
496
1.7
27
1,525
4.9
242.0
5,078
3.1
510
6,603
3.5
752
Cut off
Total
Refer to ASX Announcement 28 Jun 2024 “Major Upgrade to Mt Ida Gold Resource”
26
ASX: DLI
CORPORATE PRESENTATION APRIL 2025
deltalithium.com.au
GROUP MINERAL RESOURCE ESTIMATES
Tantalum Mineral Resource Estimates
Yinnetharra Tantalum ONLY Resource March 2025
Area
Resource category
Cut-off grade
(Ta2O5ppm)
Measured
MALINDA
Indicated
Inferred
Total Resource
65
Tonnes (Mt)
Li2O%
Li2O (Kt)
Ta2O5 ppm
Ta2O5 (Kt)
-
-
-
10.4
0.1
12
122
1.3
7.1
0.1
7
156
1.1
17.5
0.1
19
136
2.4
-
Note: Reported inside a RPEEE pit shell and below a 0.5% Li2O cut-off. Tonnages and grades have been rounded to reflect the relative uncertainty of the
estimate. Inconsistencies in the totals are due to rounding.
27
ASX: DLI
CORPORATE PRESENTATION APRIL 2025
deltalithium.com.au
BALDOCK ‘5 MAIN LODES’ RESOURCE TABLE
Indicated
Cut off
OP Au
0.5 g/t
UG 1.5
g/t Au
All
28
ASX: DLI
Inferred
Total
Deposit
Tonnes
(000s)
Grade
g/t Au
Au
Ounces
(000s)
Grade
Cu
Tonnes
Cu %
Tonnes
(000s)
Grade
g/t Au
Au
Ounces
(000s)
Grade
Cu
Tonnes
Cu %
Tonnes
(000s)
Grade
g/t Au
Au
Ounces
(000s)
Grade
Cu
Tonnes
Cu %
086 Lodes
213
3.61
26
0.07
0.2
31
1.00
1
0.06
0.0
243
3.3
26
0.08
0.2
Lode 090
14
3.86
1.8
0.03
0.0
124
3.14
12
0.01
0.0
138
3.21
14
0.01
0.1
Lode 100
145
12.76
60
0.44
0.6
92
9.01
27
0.37
0.3
237
11.31
86
0.41
0.9
Lode110
250
6.97
56
0.43
1.2
127
5.34
22
0.40
0.5
377
6.42
78
0.42
1.7
Lode 140
191
5.37
33
0.18
0.3
128
4.65
19
0.14
0.2
319
5.09
52
0.17
0.5
086 Lodes
12
2.88
1
0.19
0.0
48
5.37
8
0.16
0.1
60
4.9
9
0.05
0.1
Lode 090
53
7.85
13
0.38
0.2
313
8.40
85
0.34
1.1
366
8.36
98
0.25
1.3
Lode100
28
10.37
9
0.39
0.1
225
6.86
50
0.26
0.6
253
7.25
59
0.34
0.7
Lode 110
15
7.48
4
0.55
0.1
114
6.47
24
0.43
0.5
129
6.6
28
0.44
0.6
Lode140
11
2.68
1
0.14
0.0
218
3.77
26
0.12
0.3
229
3.72
27
0.12
0.3
086 Lodes
225
3.57
27
0.07
0.2
79
3.80
9
0.12
0.1
303
3.62
35
0.08
0.3
Lode090
67
7.00
15
0.30
0.2
437
6.90
97
0.24
1.1
504
6.89
112
0.25
1.3
Lode100
173
12.40
69
0.43
0.7
317
7.50
77
0.30
0.9
490
9.18
145
0.37
1.6
Lode110
265
7.00
60
0.44
1.3
241
5.90
46
0.41
1.0
506
6.50
106
0.43
2.3
Lode140
202
5.20
34
0.18
0.3
346
4.00
45
0.13
0.5
548
4.51
79
0.14
0.8
Total
932
6.80
205
0.28
2.7
1,420
6
273.7
0.25
3.5
2,352
6.3
477
0.27
6.2
CORPORATE PRESENTATION APRIL 2025
deltalithium.com.au
BALDOCK METALLURGY COMPOSITE RESULTS
086 Lode
Comp ID
TRANSITIONAL GOLD ORE
MASTER COMPOSITE # 2
FRESH GOLD ORE MASTER
COMPOSITE # 3
ASX: DLI
NaCN
(ppm)
Assay
Calc.
Grav
8-hr
24-hr
IM2078
75
1000
4.55 / 3.55
4.76
44.14 84.20 86.93 91.40
IM2190
140
1000
8.73 / 4.13
4.84
IM2191
106
1000
IM2079
75
1000
IM2192
140
1000
IM2193
106
IM2080
75
Test ID
OXIDE GOLD ORE MASTER
COMPOSITE # 1
29
Grind
Size
P80
(μm)
CORPORATE PRESENTATION APRIL 2025
deltalithium.com.au
Reagents
(kg/t)
48-hr
Tail
Au
Grade
(g/t)
NaCN
Lime
97.83
99.26
0.04
0.54
7.43
60.38 92.21 93.68 93.68
95.04
95.04
0.24
0.74
9.22
4.70
64.64 94.26 98.78 98.78
100.18 98.83
0.06
0.56
8.22
3.44
34.78 95.39 97.07 99.95
99.95
97.96
0.07
0.68
8.73
4.57
52.30 86.00 90.65 92.14
93.58
94.97
0.23
1.20
7.44
1000
4.40
57.51 84.17 90.61 93.71
96.70
96.70
0.15
0.96
7.80
1000
3.02
56.61 91.32 92.03 93.44
95.74
96.19
0.12
1.25
7.68
Start
Head Au Grade (g/t)
3.17 / 3.83
Au Extraction (%)
2-hr
4-hr
BALDOCK METALLURGY COMPOSITE RESULTS
Underground 090, 100, 110 Lode Composites
Comp ID
CORE (UNDERGROUND) 100
GOLD ORE MASTER
COMPOSITE # 2
CORE (UNDERGROUND) 110
GOLD ORE MASTER
COMPOSITE # 3
ASX: DLI
NaCN
(ppm)
IM2300
140
1000
IM2301
106
1000
IM2302
75
1000
IM2303
140
1000
IM2304
106
1000
IM2305
75
1000
IM2306
140
1000
IM2307
106
1000
IM2308
75
1000
Test ID
CORE (UNDERGROUND) 090
GOLD ORE MASTER
COMPOSITE # 1
30
Grind
Size
P80
(μm)
CORPORATE PRESENTATION APRIL 2025
deltalithium.com.au
Start
Head Au Grade (g/t)
Au Extraction (%)
Reagents
(kg/t)
Assay
Calc.
Grav
2-hr
4-hr
8-hr
24-hr
48-hr
Tail Au
Grade
(g/t)
29.5 / 11.3 /
16.2 / 7.73
8.25
27.36
55.01
69.56
84.03
93.85
95.52
0.37
0.77
2.58
6.97
32.37
65.93
76.93
88.34
92.55
95.70
0.30
1.25
2.60
7.41
30.45
65.60
77.12
90.36
95.63
95.82
0.31
1.44
3.13
15.0
46.55
68.88
85.25
92.25
95.41
96.14
0.58
0.84
2.50
30.8
22.68
41.30
47.68
51.32
93.68
98.57
0.44
0.91
2.73
15.4
45.42
77.73
87.69
93.33
95.77
97.47
0.39
0.95
3.43
6.16
33.07
72.71
82.10
85.10
87.82
89.37
0.66
1.05
3.55
6.10
33.42
75.41
83.47
87.43
89.27
91.07
0.55
1.12
3.65
5.94
34.33
79.95
85.55
89.62
91.27
93.35
0.40
1.90
3.45
22.6 / 21.4 /
6.93 / 14.2
30.1 / 27.9 /
4.45 / 6.26
NaCN
Lime
BALDOCK METALLURGY COMPOSITE RESULTS
Meteor North 140 Lode
Grind
Size
P80
(μm)
NaCN
(ppm)
IM2269
140
1000
IM2270
106
1000
IM2271
75
1000
IM2272
140
1000
IM2273
106
1000
IM2274
75
1000
IM2275
140
1000
IM2276
106
1000
IM2277
75
1000
Test ID
MNGC OXIDE GOLD ORE
MASTER COMPOSITE # 1
MNGC OXIDE GOLD ORE
MASTER COMPOSITE # 1
MNGC OXIDE GOLD ORE
MASTER COMPOSITE # 1
31
ASX: DLI
CORPORATE PRESENTATION APRIL 2025
deltalithium.com.au
Start
Head Au Grade (g/t)
Assay
2.43 / 2.48 /
2.32 / 2.27 /
2.08
3.94 / 3.98 /
3.93 / 3.46 /
3.23
7.48 / 11.4 /
5.99 / 5.60 /
5.68
Au Extraction (%)
Reagents
(kg/t)
Calc.
Grav
2-hr
4-hr
8-hr
24-hr
48-hr
Tail Au
Grade
(g/t)
2.64
18.03
77.66
82.04
87.43
92.71
93.75
0.17
0.48
9.97
2.64
18.04
81.06
86.54
90.85
94.56
95.08
0.13
0.41
10.23
2.39
19.95
87.80
90.83
93.22
94.97
94.97
0.12
0.35
11.64
3.39
18.11
33.97
45.07
59.76
84.70
86.72
0.45
3.16
7.09
3.32
18.49
33.56
47.95
67.22
88.26
91.57
0.28
3.58
6.78
3.32
18.51
25.83
38.04
61.41
94.69
95.93
0.14
3.55
7.32
5.13
33.11
47.75
65.53
79.68
84.04
86.44
0.70
2.02
5.84
5.90
28.77
50.60
72.06
83.14
87.17
89.49
0.62
1.70
5.47
5.61
30.27
58.62
78.23
86.09
89.08
90.55
0.53
1.67
5.51
NaCN
Lime
IMPORTANT NOTICES AND DISCLAIMER
DISCLAIMER
You must read the following notices before reading or making any use of this document or any information contained in this document.
By continuing to read, use or otherwise act on this document, you agree to be bound by the following terms and conditions, including any
modifications to them.
This presentation (Presentation) has been prepared by Delta Lithium Limited (ACN 107 244 039) (ASX:DLI) (the Company or Delta).
Summary information
This Presentation contains summary information about the Company and its activities current as at the date of release. The information
in this Presentation is of a general nature and does not purport to be complete nor does it contain all information which a prospective
investor may require in evaluating a possible investment in the Company or that would be required in a prospectus or product disclosure
statement prepared in accordance with the requirements of the Corporations Act. The historical information in this Presentation is, or is
based on, information that has been released to the ASX. This Presentation should be read in conjunction with the Company's other
periodic and continuous disclosure announcements lodged with the ASX, which are available at www.asx.com.au. The information in this
Presentation remains subject to change without notice.
Any market and industry data that may be used in connection with this Presentation may have been obtained from research, surveys or
studies conducted by third parties, including industry or general publications. None of the Company, its representatives or advisers have
independently verified that market or industry data provided by third parties or industry or general publications.
Not an offer
This Presentation is not an offer or invitation to acquire securities or any other financial products and is not a prospectus, product
disclosure statement or other offering document under Australian law (and will not be lodged with ASIC) or any other law. This
Presentation is for information purposes only and is not an invitation or offer of securities for subscription, purchase or sale in any
jurisdiction. This Presentation is not and should not be considered an offer or an invitation to acquire securities or any other financial
products and does not and will not form any part of any contract for the acquisition of securities.
Not financial product advice
This Presentation does not constitute financial product or investment advice or any recommendation to acquire securities or accounting,
legal or tax advice. It has been prepared without taking into account the objectives, financial or tax situation or needs of individuals.
Before making an investment decision, prospective investors should consider the appropriateness of the information having regard to
their own objectives, financial and tax situation and needs and obtain legal and taxation advice appropriate to their jurisdiction. Delta is
not licensed to provide financial product advice in respect of the securities or any other financial products.
32
ASX: DLI
CORPORATE PRESENTATION APRIL 2025
deltalithium.com.au
Investment risk
An investment in securities is subject to investment and other known and unknown risks, some of which are beyond the control of Delta
including loss of income and principal invested. The Company does not guarantee any particular rate of return or performance or any
particular tax treatment.
Effect of rounding
A number of figures, amounts, percentages, estimates and calculations of value in this Presentation are subject to the effect of rounding.
Past performance
Investors should note that past performance and any pro forma financial information given in this Presentation is given for illustrative
purposes only and should not be relied on as (and is not) an indication of Delta’s views on its future financial performance or condition.
Prospective investors should note that past performance, including past share price performance, of Delta cannot be relied on as an
indicator of (and provides no guidance as to) future performance including future share price performance. The historical information in
relation to Delta included in this Presentation is, or is based on, information that has previously been released to the market.
Forward-looking Statements and aspirational targets
Some statements in this Presentation regarding estimates or future events are forward-looking statements. They include indications of,
and guidance on, future matters. Forward-looking statements include, but are not limited to, statements preceded by words such as
“planned”, “expected”, “projected”, “estimated”, “may”, “scheduled”, “intends”, “anticipates”, “believes”, “potential”, “could”, “nominal”,
“conceptual” and similar expressions. Forward-looking statements, opinions and estimates included in this Presentation are based on
assumptions and contingencies which are subject to change without notice, as are statements about market and industry trends, which
are based on interpretations of current market conditions.
Forward-looking statements are provided as a general guide only and should not be relied on as a guarantee of future performance.
Forward-looking statements may be affected by a range of variables and risks that could cause actual results to differ from anticipated
results and may cause Delta’s actual performance and results (and other forward-looking statements) to materially differ from any
projections of future performance or results expressed or implied by such forward-looking statements. Readers should not place undue
reliance on such forward-looking information. There can be no assurance that forward-looking statements will prove to be correct
This Presentation may include aspirational targets. These targets are based on management’s expectations and beliefs concerning
future events as of the time of the release of this Presentation. Targets are necessarily subject to risks, uncertainties and other factors,
some of which are outside the control of Delta that could cause actual results to differ materially from such statements.
IMPORTANT NOTICES AND DISCLAIMER
COMPETENT PERSON STATEMENT
JORC and Listing Rules Compliance Statement
Information in this Presentation 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. Hughes is an employee of Delta and consents to the inclusion in this Presentation of the matters based on
his information in the form and context in which it appears.
Past Exploration Results and Mineral Resource estimates reported in this Presentation have been previously prepared and disclosed by
Delta in accordance with the JORC Code. The information in this Presentation that relates to:
►
a)
b)
c)
d)
e)
f)
g)
h)
i)
j)
k)
l)
m)
n)
►
a)
b)
24 January 2025 entitled “Mt Ida Exploration Update” and for which the consent of the Competent Person, Mr Shane Murray, was
obtained
26 March 2025 entitled “Mt Ida Gold Exploration Results and Permitting Update” and for which the consent of the Competent
Person, Mr Shane Murray, was obtained
mineral resource estimates are extracted from Delta’s ASX announcements of
19 October 2022 and entitled “Maiden Lithium Mineral Resource Estimate at Mt Ida“, and for which the consents of the Competent
Persons, Ms Justine Tracey and Mrs Christine Standing, was obtained;
3 October 2023 ASX announcement entitled “Mt Ida Lithium Project Mineral Resource Estimate upgrade” and for which the
consent of the Competent Persons, Ms Susan Havlin and Dr Andrew Scogings was obtained;
exploration results are extracted from Delta’s ASX announcements of:
19 October 2022 and entitled “Mai
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