Announcement PDF NOOSA MINING CONFERENCE PRESENTATION JULY 2024 CORPORATE OVERVIEW CAPITAL STRUCTURE SHARES ON ISSUE 713.4M PERFORMANCE RIGHTS 4.9M OPTIONS 24.9M MARKET CAP A$168M1 CASH A$87M2 43.1% ABN: 67 107 244 39 ASX: DLI deltalithium.com.au 1.5% BOARD & MGMT MAJOR SHAREHOLDERS 23.0% 10.7% 10.7% 11.0% 1. Closing Price A$0.235 cps 15 July 2024 2. Cash Balance as at 30 June 2024 DELTA LITHIUM | CORPORATE UPDATE 2 BOARD OF DIRECTORS PROVEN EXPERIENCE IN PROJECT DELIVERY Chris Ellison James Croser Steve Kovac Non-Executive Chairman Managing Director Non-Executive Director • 40+ years experience in the Australian mining and resources sector • Founder of leading $14.5 billion diversified resources company Mineral Resources • 25+ years operational, technical and management experience in the Australian mining sector • Engineering background • Current CEO of Idemitsu Australia • 23+ years experience in the mining sector • Held Senior Management and Executive level roles for the past 14 years Joshua Thurlow Tim Manners Nader El Sayed Non-Executive Director Non-Executive Director Non-Executive Director • 20+ years experience in mining and resources across Asia Pacific, Africa & North America • Background in corporate strategy, social responsibility, business development and growth and operations leadership • 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 • Current CEO of Multiplant Holdings – a mining and civil services provider • Background in risk management, corporate governance, strategy and finance DELTA LITHIUM | CORPORATE UPDATE 3 RAPID DEVELOPMENT OF WESTERN AUSTRALIAN ASSETS Our Team Major Shareholders Experienced resource professionals with Life of Mine vision Substantial investments by proven lithium miners, multinationals and investors Mt Ida Phase 1 Mining Approved Lithium MRE 14.6Mt @ 1.2% Li2O Gold MRE 6.6Mt @ 3.5g/t Au for 752koz Yinnetharra Lithium MRE 25.7Mt @ 1.0 % Li2O Ongoing exploration and resource definition drilling programs Dominant landholding DELTA LITHIUM | CORPORATE UPDATE Location Two JORC Lithium Resources Global 40.4Mt @ 1.1% Li2O WA the Hard-rock Lithium Capital of the World Upcoming Catalysts Yinnetharra regional growth Mining and Metallurgy Studies Progressing Mt Ida Gold value-add 4 YINNETHARRA LITHIUM PROJECT GROWING A DISCOVERY IN THE EMERGING GASCOYNE PROVINCE DELTA LITHIUM | CORPORATE UPDATE 5 YINNETHARRA LITHIUM PROJECT A SOLID BEGINNING AT YINNETHARRA Delta is centre-stage in a newly emerging Gascoyne Lithium Province Maiden JORC Lithium MRE at Malinda 25.7Mt @ 1.0% Li2O (at a 0.5% Li2O cut off)1 Li Resource category Yinnetharra Measured Indicated Inferred Total Resource Cut-off grade (Li2O%) 0.5 Li2O Tonnes Grade (% (Mt) Li2O) 6.7 1.0 19.0 1.0 25.7 1.0 65 181 Ta2O5 Grade (Ta2O5 ppm) 51 67 246 62 Li2O (Kt) Dominant 1,769km2 Gascoyne exploration project, including +80kms strike of prospective sediment/mafic lithologies Completed +200,000m of drilling at Malinda (~1,000 drillholes) since acquiring late 2022 Significant scale and grade – potential to grow through numerous Prospects Expanded Yinnetharra tenure via recent Farm-in’s 1. Refer to ASX announcement 27 Dec 2023 “Yinnetharra Lithium Project Maiden MRE” DELTA LITHIUM | JULY’24 UPDATE 6 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 Early sighter metallurgy results M1 & M47 demonstrated high-quality, clean spodumene concentrate (via Flotation) Head Feed Pegmatite Comp Test Grade Mags & Slimes Flot. Feed Grade Mica. Con Spod. Con Grade Rec Grade Rec (% Li2O) (% Fe2O3) (% Li2O) (% Li2O) (% Li2O) (% Fe2O3) (% Li2O) (% Li2O) (% Li2O) Grade (% Fe2O3) (% Li2O) Rec M47 A1 2.30 0.13 1.77 10.17 2.24 0.31 2.92 19.6 6.55 0.09 61.8 M1 A2 0.97 0.27 0.77 13.46 0.94 0.50 0.33 5.5 6.57 0.41 77.3 M47 A3 2.30 0.13 1.77 10.17 2.29 0.50 2.64 20.3 6.55 0.08 61.0 M1 A4 0.97 0.27 0.77 13.46 1.02 0.31 0.24 5.6 6.81 0.40 75.0 M1 LG Var 1 SF1 0.51 0.30 0.35 12.9 0.59 0.37 0.38 13.4 5.44 1.53 71.5 M1 LG Var 2 SF2 0.59 0.22 0.33 8.9 0.68 0.32 0.26 5.7 5.73 1.24 84.7 M1 LG Var 3 SF3 0.69 0.19 0.38 8.5 0.82 0.29 0.34 5.5 6.14 1.05 84.5 M1 LG Var 4 SF4 0.85 0.32 0.47 8.4 0.93 0.38 0.47 7.1 5.12 1.11 83.4 *WHIMS magnetic separation (Fe removal) not used in M1 LG Var testwork Low-grade variability testwork on M1 successful M36 & M47 programs to commence shortly 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 Geometallurgical domaining underway across all pegmatites M36 LODE 29m @ 1.1% Li2O from 121m in YNEX003 33m @ 1.9% Li2O from 218m in YRRD118 Feasibility level M1 metallurgy work including 5t pilot process is underway M47 LODE 44m @ 0.85% Li2O from 3m in YRRD249 41m @ 1.3% Li2O from 66m in YRRD082 DELTA LITHIUM | CORPORATE UPDATE *All drill results have previously been disclosed to the market. Please refer to the competent persons disclosure on page 3 of this presentation for full details. 7 YINNETHARRA LITHIUM PROJECT Upcoming Exploration Program CY2024 drilling program +150,000m planned Malinda infill & resource definition Step-out exploration drilling around Malinda Regional prospects including Jamesons, Calypso, Talisker Regional field work including soil sampling and mapping to target new Prospects Follow up of early high-grade results at Jamesons JREX002 UV response Prospect, including: 43-47m with Li2O assays 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 Geotechnical drilling across Malinda largely completed Scheduled heritage, flora and fauna surveys Regulatory Approvals & Native Title discussions ongoing DELTA LITHIUM | CORPORATE UPDATE 8 MT IDA LITHIUM & GOLD PROJECT VALUE CREATION IN THE GOLDFIELDS DELTA LITHIUM | CORPORATE UPDATE 9 MT IDA LITHIUM PROJECT Unique Deposit Geology Cut-off Li Resource category Mt Ida Measured Indicated Inferred Total Resource Li2O grade Tonnes (Li2O%) (Mt) 0.5 Ta2O5 Li2O 7.8 6.8 Grade (% Li2O) 1.3 1.1 104 76 Grade (Ta2O5 ppm) 224 154 14.6 1.2 180 191 (Kt) Lithium & Gold JORC resources in close proximity, separate rock units Mining Approval granted for Phase 1 open pit mining Phase 2 Mining Application submitted April 2024 to include underground mining Potential to exploit both Li/Au deposits concurrently – shared capital infrastructure Review options to monetise the value of gold resources DELTA LITHIUM | CORPORATE UPDATE 10 MT IDA GOLD RESOURCE Realising the potential of a proven gold district Au Updated Global JORC Gold MRE 6.6Mt @ 3.5g/t Au for 752,000 oz1 Includes the high-grade Baldock Deposit 4.82Mt @ 4.4g/t Au for 674 koz Shallow, high-grade Open Pit potential with Underground extensions 33% of the gold in Indicated Resources 100% of the gold within granted Mining Leases Indicated Cut off “Shovel Ready” for open pit mining with all approvals in place Scoping Level mining study well underway 1 Refer to Group Mineral Resource Estimate tables on slide 20 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 Total 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 Total 1,525 4.9 242.0 5,078 3.1 510 6,603 3.5 752 1 Refer to ASX Announcement 28 Jun 2024 “Major Upgrade to Mt Ida Gold Resource” DELTA LITHIUM | CORPORATE UPDATE 11 MT IDA GOLD RESOURCE Copperfield Granite Looking to grow JORC resources Numerous high-grade gold intercepts along +20km perimeter of Copperfield Granite Main focus since acquisition Li exploration …and still proved up 752koz Au Immediate gold production potential LOM Target +5 years Strategic geographical position in the Eastern Goldfields corridor 6+ processing plants within 200kms ‘Walk-up’ targets along strike/dip of existing JORC resources and regionally RC rig mobilised for gold drilling July 2024 DELTA LITHIUM | CORPORATE UPDATE 12 THE DELTA STRATEGY 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 “PLAN FOR SUCCESS – EXECUTE THE PLAN” DELTA LITHIUM | CORPORATE UPDATE 13 Premium Locations Hardrock Lithium Capital of the World Our Team Results driven with proven hardrock lithium experience Yinnetharra Maiden JORC Lithium resource 25.7Mt @ 1.0% Li2O Tier one potential with Dominant Landholding under-explored New Discovery at Jameson Mt Ida “WE ARE THE DIFFERENCE” JORC Lithium resource 14.6 Mt @ 1.2% Li2O JORC Gold resource 6.6Mt @ 3.5g/t Au for 752koz Mining Approval granted Major Shareholders Proven hardrock lithium partners Upcoming Catalysts Exploration results incoming and JORC resource updates Mining and metallurgy studies progressing Bluesky upside via Gold DELTA LITHIUM | CORPORATE UPDATE 14 GROUP MINERAL RESOURCE ESTIMATES Lithium Mineral Resource Estimates Mt Ida Gold Mineral Resource Estimate Delta Lithium Group Mineral Resource Estimate Resource Category Cut-off grade (%Li2O) Measured Indicated Li2O Ta2O5 Tonnes Grade Li2O Grade (Mt) (%Li2O) (Kt) (Ta2O5 ppm) - - - - 6.7 1.0 65 51 Inferred 19.0 1.0 181 67 Total Resource 25.7 1.0 246 62 Measured - - - - 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 14.5 1.2 169 Total Inferred 25.8 1.0 Total 40.4 1.1 Indicated Yinnetharra Cut off Open cut Au 0.5 g/t 0.5 Indicated Mt Ida 0.5 0.0 g/t Au Cut off Underground 1.5 g/t Au Deposit 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) Baldock 1,345 4.9 209.0 1,512 3.2 158 2,857 4.0 367 Kestrel - - - 570 1.6 29 570 1.6 29 Golden Vale - - - 496 1.7 27 496 1.7 27 Mt Ida Tailings - - - 500 0.5 8 500 0.5 8 Baldock 180 5.8 33.0 1,780 4.8 274 1,960 4.9 307 Kestrel - - - 220 1.9 14 220 1.9 14 Golden Vale - - - - - - - - - 500 0.5 8 500 0.5 8 Mt Ida Tailings Baldock 1,525 4.9 242.0 3,292 4.1 432 4,817 4.4 674 144 Kestrel - - - 790 1.7 43 790 1.7 43 257 90 Golden Vale - - - 496 1.7 27 496 1.7 27 426 109 Total 1,525 4.9 242.0 5,078 3.1 510 6,603 3.5 752 All 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 27 December 2023 “Yinnetharra Lithium Project Maiden Mineral Resource Estimate” Refer to announcement 3 October 2023 “Mt Ida Lithium Project Mineral Resource Estimate upgrade” DELTA LITHIUM | CORPORATE UPDATE Refer to ASX Announcement 28 Jun 2024 “Major Upgrade to Mt Ida Gold Resource” 15 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. DELTA LITHIUM | CORPORATE UPDATE 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. Forwardlooking 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. 16 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. Charles Hughes, a Competent Person who is a Member of the Australasian Institute of Mining and Metallurgy (AUSIMM). Mr. Hughes 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: • exploration results are extracted from Delta's ASX announcements of: a) b) c) d) e) f) g) h) i) j) k) l) 19 October 2022 and entitled “Maiden Lithium Mineral Resource Estimate at Mt Ida“, and for which the consent of the Competent Person, Mr Matthew Boyes, was obtained; 25 January 2023 entitled "Best intercept to date at Mt Ida Lithium Project", and for which the consent of the Competent Person, Mr Charles Hughes, was obtained; 27 February 2023 entitled "Yinnetharra results confirm extensive near surface strike", and for which the consent of the Competent Person, Mr Charles Hughes, was obtained; 3 April 2023 entitled "Scale of the Yinnetharra Project continues to grow", and for which the consent of the Competent Person, Mr Charles Hughes, was obtained; 24 April 2023 entitled "NEW MT IDA DISCOVERY 90 METRES AT 0.95% Li2O", and for which the consent of the Competent Person, Mr Charles Hughes, was obtained; 8 May 2023 entitled "Further shallow thick high-grade Lithium from Yinnetharra", and for which the consent of the Competent Person, Mr Charles Hughes, was obtained; 8 August 2023 entitled "Drilling update for Mt Ida Lithium", and for which the consent of the Competent Person, Mr Charles Hughes, was obtained; 21 August 2023 entitled “Excellent Yinnetharra Initial Metallurgical Results and Drilling Update” and for which the consent of the Competent Person, Mr Charles Hughes, was obtained, 4 September 2023 entitled “High grade gold results offer complementary cashflow opportunity at Mt Ida” and for which the consent of the Competent Person, Mr Charles Hughes, was obtained, and 10 November 2023 entitled “Yinnetharra and Mt Ida Exploration Update” and for which the consent of the Competent Person, Mr Charles Hughes, was obtained. 14 March 2024 entitled “Yinnetharra Exploration Update” and for which the consent of the Competent Person, Mr Charles Hughes, was obtained. 22 April 2024 entitled “Company Update and First Jameson Result” and for which the consent of the Competent Person, Mr Charles Hughes, was obtained. DELTA LITHIUM | CORPORATE UPDATE • mineral resource estimates are extracted from Delta's ASX announcements of a) 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; b) 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; c) 11 October 2023 ASX announcement entitled “Mt Ida Maiden Gold Mineral Resource Estimate” and for which the consent of the Competent Persons, Ms Susan Havlin and Dr Andrew Scogings was obtained; d) 27 December 2023 ASX announcement entitled “Yinnetharra Lithium Project Maiden Mineral Resource Estimate” , and for which the consent of the Competent Persons, Ms Susan Havlin and Dr Andrew Scogings was obtained. e) 28 June 2024 ASX announcement entitled “Major Upgrade for Mt Ida Gold Resource” , and for which the consent of the Competent Persons, Ms Susan Havlin and Dr Andrew Scogings was obtained. 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 announcements, 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. JORC Code differs from reporting requirements in other countries It is a requirement of the ASX Listing Rules that the reporting of ore reserves and mineral resources in Australia comply with the JORC Code. Investors outside Australia should note that while ore reserve and mineral resource estimates of the Company in this Presentation comply with the JORC Code, they may not comply with the relevant guidelines in other countries and, in particular, do not comply with (i) National Instrument 43 101 (Standards of Disclosure for Mineral Projects) of the Canadian Securities Administrators or (ii) Item 1300 of Regulation S-K, which governs disclosure of mineral reserves in registration statements filed with the US Securities and Exchange Commission. Information contained in this Presentation describing mineral deposits may not be comparable to similar information made public by companies subject to the reporting and disclosure requirements of other countries. You should not assume that quantities reported as “resources” in this Presentation will be converted to reserves under the JORC Code or any other reporting regime or that Delta will be able to legally and economically extract them. 17