Announcement PDF DELTA LITHIUM LIMITED ACN 107 244 039 Interim Financial Report for the Half-Year Ended 31 December 2024 DELTA LITHIUM LIMITED Interim Financial Report 31 December 2024 Table of Contents Corporate Directory .............................................................................................2 Director’s Report ................................................................................................3 Auditors’ Independence Declaration ............................................................................. 16 Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income ............................... 17 Condensed Consolidated Statement of Financial Position .......................................................... 18 Condensed Consolidated Statement of Changes in Equity .......................................................... 19 Condensed Consolidated Statement of Cash Flows ................................................................ 20 Directors’ Declaration ......................................................................................... 34 Independent Auditor’s Review Report ........................................................................... 35 1 DELTA LITHIUM LIMITED Interim Financial Report 31 December 2024 Corporate Directory Directors Nader El Sayed (Non-Executive Chairman) James Croser (Managing Director) Tim Manners (Non-Executive Director) Steve Kovac (Non-Executive Director) Joshua Thurlow (Non-Executive Director) Company Secretary Peter Gilford Registered Office and Principal Place of Business Level 2, 18 Richardson Street West Perth WA 6005 Tel: +61 8 6109 0104 Auditors KPMG 235 St George's Terrace Perth WA 6000 Australia Solicitors Thomson Geer Level 29, Central Park 152-158 St Georges Tce Perth WA 6000 Share Registry Computershare Investor Services Pty Ltd Level 17, 221 St Georges Terrace Perth WA 6000 Australian Telephone: 1300 850 505 International Telephone: +61 3 9415 4000 www.computershare.com.au Securities Exchange Listing Delta Lithium Limited shares are listed on the Australian Securities Exchange (ASX) ASX Code: DLI Website www.deltalithium.com.au Email Info@deltalithium.com.au 2 DELTA LITHIUM LIMITED Interim Financial Report 31 December 2024 Director’s Report The Directors hereby present their Interim Financial Report on Delta Lithium Limited (ASX: DLI) (the ‘Company’ or ‘Delta’) and its subsidiaries for the half-year ended 31 December 2024. DIRECTORS Except as otherwise stated below, the following persons were Directors of Delta Lithium Limited during the whole of the halfyear and up to the date of this Report as follows: Director Nader El Sayed1 Chris Ellison James Croser2 Tim Manners Steve Kovac Joshua Thurlow Title Non-Executive Chairman Non-Executive Chairman Managing Director Non-Executive Director Non-Executive Director Non-Executive Director Appointment Date 25 November 2024 12 September 2023 4 December 2020 1 March 2022 2 August 2023 12 September 2023 Resignation Date 25 November 2024 - 1Appointed 1 March 2021 as Non-Executive Director, transitioned to Non-Executive Chairman on 25 November 2024 2Appointed 13 September 2023 as Managing Director, after serving as Non-Executive Director from 4 December 2020. COMPANY SECRETARY Mr Peter Gilford has acted as the Company Secretary during the entire period. Review of Operations Delta continued to progress key developmental workstreams throughout the second half of CY2024 at both the Mt Ida and Yinnetharra Projects. During the half the Company focused on exploration work on expanding the existing gold resource at Mt Ida. Delta commenced a four-stage gold exploration program in November consisting of approximately 35-40,000m drill metres including both RC and diamond drilling at the Baldock Deposit. Concurrent to exploration, the Company continued to progress studies on a Mt Ida gold standalone Processing Plant with permitting applications for a Processing Plant and a Tailings Storage Facility to be submitted in 2025. Delta also appointed Bell Potter Securities to undertake a Strategic Review which determined the most value-accretive development pathway forward for the Mt Ida Project would be for the Company to continue advancing the Project towards genuine standalone scale. At Yinnetharra, exploration was focused on the completion of the resource definition program for Malinda and diamond drill programs to collect representative bulk samples for metallurgical testwork. Results have continued to demonstrate strong lithium intercepts from the M1, M36 and M47 pegmatites, which form the bulk of the Mineral Resource Estimate (MRE). A metallurgical test work program to a Definitive Feasibility Study (DFS) level of detail was approved by the Delta Board in late September to target the M1 pegmatite orebody, which hosts the majority of the Mineral Resource at Malinda. This test work, including a 4-tonne pilot plant test on the M1 material, was ongoing throughout the December Quarter with results released to the ASX subsequent to the end of the reporting period. The M1 metallurgical results indicated high grade spodumene concentrates could be produced at a high recovery rate with very low impurities through a Whole-of-Ore Flotation processing path. The Delta team has progressed critical workstreams throughout the second half of 2024 through the rapid progression of drilling and permitting at the Mt Ida Project and ongoing exploration success at the Malinda Prospect within the Yinnetharra Lithium 3 DELTA LITHIUM LIMITED Interim Financial Report 31 December 2024 project. Importantly, Delta remains committed to the prudent management of capital. The sale of the Eureka Project to Javelin Minerals for $1.5M in cash, $1.5M in scrip and up to $1.0M contingent consideration, successfully monetized a non-core asset and maintained exposure for Delta shareholders through an ongoing equity position. Corporate Strategy Delta’s strategy is focused on growing confidence and reducing risk at both the Mt Ida and Yinnetharra Projects. The focus of a four-stage gold exploration program at Mt Ida competitively positions the Company at a time when gold is reaching all-time highs and Mt Ida has significant potential of further upside as geological confidence increases. The Company has also continued to build on its existing knowledge of Yinnetharra with the primary focus of increasing the lithium resource confidence at Malinda. In addition, the Company also successfully identified the emergence of contiguous tantalum at Malinda which is under consideration for a secondary source of revenue requiring modest flowsheet additions. Looking forward, the Company is focused on three main objectives: • • • Update the Yinnetharra Lithium MRE and undertake negotiations and approvals regarding Mining Lease approvals at Malinda Continue gold exploration at Mt Ida to grow the MRE in size and confidence, advance metallurgical and geotechnical studies and progress with feasibility work for a standalone gold processing plant Growth via exploration and a disciplined approach to acquisition opportunities Yinnetharra Lithium Project The Yinnetharra Lithium Project located in the Gascoyne Lithium Province of Western Australia and sits within a tenement package covering an area of 1,769km2. A maiden MRE was released in December 2023 of 25.7Mt @ 1% Li2O. Farm-In Joint Venture Agreements have expanded the prospective stratigraphy to over 80km in length. The Company completed its drill campaign at Malinda with assays subsequently released to the ASX on 21 January 2025. Metallurgical and geotechnical studies on the M1 are ongoing and are designed to support a Maiden Ore Reserve in conjunction with the next Mineral Resource Estimate update at Malinda, which will incorporate recent drilling designed to upgrade the Inferred component to an Indicated category. 4 DELTA LITHIUM LIMITED Interim Financial Report 31 December 2024 Figure 1: Yinnetharra regional prospects The combined Inferred and Indicated Mineral Resource Estimate were measured as: 25.7 Mt @ 1.0% Li2O (at a 0.5% Li2O cut off) 26% of the MRE in higher confidence Indicated category: 6.7Mt @ 1.0 Li2O% as shown in the table below. Yinnetharra Lithium December 2023 Resource category Cut-off grade (Li2O%) Tonnes (Mt) - Grade (% Li2O) - Total Indicated 6.7 Total Inferred 19.0 Total Measured Notes: Ta2O5 Li2O Grade Li2O (Kt) - (ppm Ta2O5) 1.0 65 51 1.0 181 67 Total 25.7 1.0 246 62 Tonnages and grades have been rounded to reflect the relative uncertainty of the estimate. Inconsistencies in the totals are due to rounding. Table 1: Yinnetharra JORC Resource 5 DELTA LITHIUM LIMITED Interim Financial Report 31 December 2024 • Highlights from resource definition at Malinda during the half year include: o 25m @ 2.84% Li2O from 148m in YRRD050 at M36 o 124m @ 1.1% Li2O from 11m in YDPT005 at M1 (metallurgical hole – not true width) o 46m @ 1.1% Li2O from 203m in YDGT002 at M1 o 78m @ 0.8% Li2O from 105m in YRRD668 at M47  including 22m @ 1.4% Li2O from 160m o 22.6m @ 2.16% Li2O from 310m in YRRD126 at M36 o 32.4m @ 1.01% Li2O from 50m in YDPT012 at M47 o 32m @ 0.93% Li2O from 280m in YDRD066 at M1 o 15m @ 1.5% Li2O from 19m in YDRD716 at M69 o 22m @ 1.13% Li2O from 24m in YDRD717 at M69 • Final assays from Jamesons first program show continuation of strong spodumene mineralisation at depth o 10m @ 2.2% Li2O from 113m in JREX030A HoleID YDPT005 YDPT006 YDRD050 YRRD668 YDRD052 YRRD690 YDPT004 YDGT002 YRRD671 YDRD056 YDPT001 YDPT006 YRRD640 YRRD663A YRRD577 YDPT002 JREX030A YRRD618 YRRD690A YDRD053 YRRD678A YRRD679 YRRD588 YRRD660 YRRD634 YRRD633A From m To m Length m Li2O pct Ta2O5 ppm Fe2O3% 11.0 135.1 124.1 1.1 50.8 2.6 119 217 108 0.7 54.8 2.7 148 173 25 2.8 111.2 2.5 105 183 78 0.8 217.3 3.2 80.6 117.0 36.4 1.5 54.3 0.8 62 105 43 1.2 68.1 1.1 82.7 154.2 71.5 0.7 63.9 0.7 203.0 248.6 45.6 1.1 63.1 0.8 202.1 237.4 35.3 1.18 77 1.53 148.5 191.0 42.5 1.0 58.9 0.5 23.8 52.5 28.6 1.3 70.6 0.9 119 161 42 0.8 38.1 1.6 202 219 17 1.85 116 2.94 149 178 29 1.0 76.9 2.5 170 197 27 1.0 23.2 0.9 37.3 61.1 23.8 1.1 76.5 1.2 113 123 10.0 2.2 55.7 1.1 152.5 170.6 18.1 1.0 58.9 1.2 32 59 27 0.7 47.3 2.5 89 100 11 1.3 26.3 0.7 186 195 9.0 1.5 25.4 0.8 89.0 101.3 12.3 1.1 45.1 4.9 86 99 13 1.0 55.4 1.0 39 59 20 0.7 242.4 1.1 171 184 13 1.0 53.1 3.9 150 159 9 1.3 46.1 4.2 Yinnetharra Project Development Environmental baseline studies have progressed at Yinnetharra including flora and fauna, materials characterisation, surface and groundwater studies. These studies were ongoing throughout the December Quarter and Delta will provide an update on the likely permitting route in the March Quarter of 2025 once collaboration with the relevant Government Agencies is undertaken. 6 DELTA LITHIUM LIMITED Interim Financial Report 31 December 2024 A metallurgical test work program to a DFS level of detail was approved by the Delta Board late in the September Quarter to target the M1 pegmatite orebody, which hosts the majority of the Mineral Resource Estimate at Malinda. This test work, including a 4-tonne pilot plant test on the M1, was ongoing throughout the December Quarter with results released to the ASX on 21 January (refer ASX Announcement titled ‘Yinnetharra Metallurgy and Exploration Update’). A summary of the results is shown in Table 2. Figure 2: Operating the spodumene circuit 7 DELTA LITHIUM LIMITED Interim Financial Report 31 December 2024 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 Table 2: High level testwork results The testwork program was used to develop the required processing flowsheet for the M1 ore body as shown in Figure 6. Geotechnical studies on the M1 Open Pit to a DFS level of detail, and M1 Underground to a PFS level of detail has also been ongoing throughout the December Quarter and is expected to be completed in the March Quarter of 2025. The metallurgy and geotechnical studies on the M1 are designed to support a Maiden Reserve in conjunction with the next Resource update at Malinda which will incorporate recent drilling designed to upgrade the Inferred component to an Indicated category. 8 DELTA LITHIUM LIMITED Interim Financial Report 31 December 2024 Figure 3: Malinda processing flowsheet Approvals and Project Development Subsequent to the end of the reporting period, heritage surveys recorded several Aboriginal Sites in prospective areas which are expected to require detailed follow up prior to exploration drilling in the vicinity. The Mining Lease application was submitted for the Malinda Mining Area and Native Title negotiations have commenced. Environmental permitting will continue to advance, and Delta will provide an update on the likely permitting route once meetings with Regulators have been held in the March Quarter. Mt Ida Project The Mt Ida Project is located approximately 100km northwest of Menzies, and approximately 225km by road from Kalgoorlie in Western Australia’s prolific Eastern Goldfields mining region. The Project area resides on granted mining leases and is approved for open pit and underground mining at Baldock, which hosts the majority of the high-grade gold Mineral Resource at Mt Ida. 9 DELTA LITHIUM LIMITED Interim Financial Report 31 December 2024 Mt Ida Resource Growth Delta advanced multiple key workstreams throughout the half-year which included the commencement of a $5-6M exploration drilling program, with a target to grow the current gold resource beyond 1 million ounces for genuine standalone scale. This is the first program that is primarily targeting the gold resources since Delta’s acquisition of the project in 2021. The majority of previous drilling undertaken at Mt Ida has been focused on LCT mineralisation, however gold lodes at Baldock were variously intercepted by this drilling due to their spatial relationship with the pegmatites. The Company is undertaking a four-stage drill program consisting of approximately 35-40,000 drill metres including both RC and diamond drilling at Baldock, then regional RC drilling across the wider Mt Ida tenure including Kestrel and Golden Vale (See Figure 4). Stages 1 and 2 are complete, and Stages 3 and 4 are underway. Stage 2 has targeted further extending the existing JORC resources at Baldock and Kestrel while Stage 3 is focusing on deeper high-grade chutes at Baldock via diamond drilling from RC pre-collars. One reverse circulation (RC) rig and one diamond drill (DD) rig were operating at the project carrying out the resource extensional and exploration programs. The first batch of assays from Stage 1 were received in January. Drilling to date has demonstrated continuity and confirmed the extension of mineralisation beyond the current MRE, both along strike and at depth. In particular, recent results following up on historical drilling have confirmed shallow, high-grade mineralisation to the South of Baldock. Subsequent to the end of the reporting period, Delta received further assays from Stage 2 and 3 drilling. The highlights of which are as follows; • • • • • • 3m @ 18.2 g/t Au from 283m in IDRD364 6m @ 13.4 g/t Au from 91m in IDRD389 o Including 3m @ 25.1g/t Au from 92m 1.2m @ 10.1g/t Au from 410.5m in IDRD333 7m @ 2.9 g/t Au from 17m in IDRD368 2m @ 4.9 g/t Au from 38m in IDRD362A 1m @ 7.1 g/t Au from 128m in IDRD39 The RC rig has commenced Stage 4 to complete first pass drilling programs across the highest priority regional prospects, all of which are within a 12km radius of the Baldock hub. These initial programs will aim to delineate further resources from five regional prospects across the Mt Ida tenure with many other prospects to be tested in future. Current planned programs are anticipated to be completed by early CY25 which will be followed by an updated gold Mineral Resource Estimate for the Mt Ida Project. 10 DELTA LITHIUM LIMITED Interim Financial Report 31 December 2024 Figure 4: Plan showing the potential Baldock mining hub, surrounding JORC Resources and planned regional drilling Mt Ida Project Development Delta continued to progress a standalone processing option such that Delta’s own development plans can be assessed against the outcome of the Strategic Review. Contemporaneously with the Resource Growth program as outlined above, Delta is preparing the necessary applications for a Processing Plant and Tails Storage Facility at Mt Ida. Delta is awaiting the Tails Characterisation test work results which are expected early in the March Quarter which will allow the permitting applications (Works Approval and update to Mining Proposal and Mine Closure Plan) to be submitted to the relevant state authorities being DWER and DEMIRS. 11 DELTA LITHIUM LIMITED Interim Financial Report 31 December 2024 Mt Ida Strategic Review In September 2024 Delta appointed Bell Potter Securities as financial advisor to conduct a formal strategic review of the gold opportunity at Mt Ida and determine how best to monetise the asset. The decision was in line with Delta’s stated strategy to maintain a principal focus on its lithium assets contained at Mt Ida and the Yinnetharra Project in the Gascoyne region. The Strategic Review indicated that the most value accretive development pathway is for Delta to continue advancing the Project towards genuine standalone scale. Subsequent to the end of the reporting period, the Company placed the Mt Ida gold assets into Mt Ida AU Pty Ltd, a whollyowned subsidiary of Delta Lithium which was incorporated for this express purpose. Pending receipt of all results from the ongoing drill program, Delta will continue gold exploration at Mt Ida to grow the MRE in size and confidence, advance metallurgical and geotechnical studies and progress with feasibility work for a standalone processing plant. While this development work continues, the Company maintains all optionality with regard to the gold assets at Mt Ida. Primary modifying factors (Geotechnical, Metallurgy) are being advanced to DFS level while GR Engineering have been contracted to carry out processing plant design and cost studies. These studies are running in conjunction with the submission of the Works Approval, which is planned within the coming months. Table 3: Mineral Resource Estimate for Mt Ida Gold Project. Mt Ida Gold Mineral Resource Estimate Indicated Cut off 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 Open cut Au 0.5 Kestrel g/t Golden Vale 1,345 4.9 209 1,512 3.2 158 2,857 4.0 367 - - - 570 1.6 29 570 1.6 29 - - - 496 1.7 27 496 1.7 27 0.0 g/t Au Cut off Mt Ida Tailings - - - 500 0.5 8 500 0.5 8 Baldock Underground 1.5 Kestrel g/t Au Golden Vale 180 5.8 33 1,780 4.8 274 1,960 4.9 307 - - - 220 1.9 14 220 1.9 14 - - - - - - - - - 500 0.5 8 500 0.5 8 Mt Ida Tailings All Baldock 1,525 4.9 242 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 5,078 3.1 510 6,603 3.5 752 Total 12 DELTA LITHIUM LIMITED Interim Financial Report 31 December 2024 Table 4: Mineral Resource Estimate for Mt Ida Lithium Project. Mt Ida Lithium September 2023 Cut-off Resource category Li2O Ta2O5 grade Tonnes Grade Li2O Grade (Li2O%) (Mt) (% Li2O) (Kt) (Ta2O5 ppm) - - - - 1.3 1.0 14 189 1.2 0.9 11 144 Total Resource 2.5 1.0 25 167 Measured - - - - 1.5 1.2 18 206 1.3 1.1 14 156 Total Resource 2.7 1.2 32 183 Measured - - - - 5.0 1.4 72 238 4.3 1.2 50 156 9.3 1.3 123 200 - - - - Measured Indicated Sparrow Inferred 0.55 Indicated Timoni Inferred 0.55 Indicated Sister Sam Inferred Total Resource Total Measured 0.55 Total Indicated 7.8 1.3 104 224 Total Inferred 6.8 1.1 76 154 Total 14.6 1.2 180 191 Notes: Tonnages and grades have been rounded to reflect the relative uncertainty of the estimate. Inconsistencies in the totals are due to rounding. Eureka Gold Project The Eureka gold project is roughly 50km north of Kalgoorlie. Delta disposed of the non-core Eureka project to Javelin Minerals for $1.5M cash consideration, $1.5M in Javelin shares and up to $1M contingent/deferred consideration subject to recommencement of mining operations or achieving a Mineral Resource Estimate in excess of 200,000ozs at a cut-off grade of 0.5g/t. Corporate Fundraising During the quarter ended 31 December 2024 there was $782,662.50 received for the exercise of 3,134,650 unlisted $0.25 options. 10,100,460 options expired unexercised during the quarter. There were 2,600,000 performance rights issued and 2,098,750 performance rights cancelled. 2024 Annual General Meeting The 2024 AGM was held on 27 November 2024. All resolutions in the Notice of AGM were passed on a poll. Asset Disposal Delta disposed of the non-core Eureka gold project to Javelin Minerals for $1.5M cash consideration, $1.5M in Javelin shares and up to $1M contingent/deferred consideration subject to recommencement of mining operations or achieving a resource in excess of 200,000ozs at a cut-off grade of 0.5g/t. Board and Management In November Mr Nader El Sayed was appointed to the role of Chair of the Board following the resignation of Mr Chris Ellison. Mr Shane Murray was promoted to the role of Exploration Superintendent in October following the resignation of Charles Hughes as Chief Geologist in the previous quarter. 13 DELTA LITHIUM LIMITED Interim Financial Report 31 December 2024 Competent Persons 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 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 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. Forward looking statements This document may contain “forward-looking statements” and other forward-looking information based on the Group’s expectations, estimates and projections as of the date on which the statements were made. This forward-looking information includes, among other things, statements with respect to the Group’s business strategy, plan, development, objectives, performance, outlook, growth, cash flow, projections, targets and expectations, Mineral Resources and results of exploration. Generally, this forward-looking information can be identified by the use of forward-looking terminology such as ‘outlook’, ‘anticipate’, ‘project’, ‘target’, ‘likely’,’ believe’, ’estimate’, ‘expect’, ’intend’, ’may’, ’would’, ’could’,’ should’, ’scheduled’, ’will’, ’plan’, ’forecast’, ’evolve’ and similar expressions. Persons reading this document are cautioned that such statements are only predictions, and that the Group’s actual future results or performance may be materially different. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Group’s actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Forward-looking information is developed based on assumptions about such risks, uncertainties and other factors, including but not limited to general business, economic, competitive, political and social uncertainties; the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future commodity prices; possible variations of ore grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accident, labour disputes and other risks of the mining industry; and delays in obtaining governmental approvals or financing or in the completion of development or construction activities. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place reliance on such forward-looking information. Recipients of this document must make their own investigations and inquiries regarding all assumptions, risks, uncertainties and contingencies which may affect the future operations of the Group and the Group’s securities. The Group disclaims any intent or obligations to or revise any forward-looking statements whether as a result of new information, estimates, or options, future events or results or otherwise, unless required to do so by law. CONVERTIBLE SECURITIES Options At the date of this report, unissued shares of the Group under option are: Number of Securities Exercise Price 1,000,000 $0.77 Number Vested & Exercisable 1,000,000 Expiry Date 26 Jul 2025 3,000,000 $0.25 3,000,000 21 Sep 2025 5,000,000 $0.85 5,000,000 30 Sep 2025 3,000,000 $0.40 3,000,000 26 Nov 2027 12,000,000 12,000,000 14 DELTA LITHIUM LIMITED Interim Financial Report 31 December 2024 Performance Rights At the date of this report, unissued shares of the Group pursuant to performance rights issued to incentivise its directors, employees and other vendors are: 325,000 16-Aug-23 Number Vested & Exercisable - 825,000 22-Dec-22 - Number of Securities Grant Date Expiry Date 16-Aug-27 23-Jan-28 1,500,000 27-Apr-23 - 8-May-28 1,000,000 12-Jun-23 - 13-Jun-28 200,000 28-Aug-23 - 3-Nov-25 8,347,500 15-Jul-24 - 16-Jul-29 2,600,000 27-Nov-24 - 26-Nov-29 14,797,500 - FINANCIAL REVIEW Losses from ordinary activities after income tax Cents per share for losses attributable to the ordinary equity holders of the company 31-Dec-24 $ (165,740) (0.02) 31-Dec-23 $ (1,685,170) (0.31) The Company had cash and cash equivalents of $70,713,336 on hand as at 31 December 2024 (30 June 2024: $86,686,146). SUBSEQUENT EVENTS There were no subsequent events that required adjustment to or disclosure in the interim financial report. AUDITORS’ INDEPENDENCE DECLARATION A copy of the auditor’s independence declaration as required under section 307C of the Corporations Act 2001 is set out on page 16. This report is signed in accordance with a resolution of the Board of Directors. James Croser Managing Director Dated 10 March 2025 15 Lead Auditor’s Independence Declaration under Section 307C of the Corporations Act 2001 To the Directors of Delta Lithium Limited I declare that, to the best of my knowledge and belief, in relation to the review of Delta Lithium Limited for the half-year ended 31 December 2024 there have been: KPMG i. no contraventions of the auditor independence requirements as set out in the Corporations Act 2001 in relation to the review; and ii. no contraventions of any applicable code of professional conduct in relation to the review. Glenn Brooks Partner Perth 10 March 2025 KPMG, an Australian partnership and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved. The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organisation. Liability limited by a scheme approved under Professional Standards Legislation. DELTA LITHIUM LIMITED Interim Financial Report 31 December 2024 Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income For the half-year ended 31 December 2024 Notes 31-Dec-24 31-Dec-23 $ $ Income Other income 6 1,298,842 1,250,281 Net fair value gain/(loss) on financial assets 8 146,260 (268,040) 1,445,102 982,241 (1,592,857) (2,490,288) Corporate & administrative expenses (616,668) (1,438,005) Public relations & marketing expenses (116,237) (384,567) (494,536) 564,268 Net (loss) on disposal (64,881) - Exploration expenditure expenses (106,417) - - (500,408) (156,447) (124,105) Total expenditure (3,148,043) (4,373,105) Operating loss (1,702,941) (3,390,864) Finance income 1,843,636 1,781,572 Finance costs (46,922) (75,878) 1,796,714 1,705,694 93,773 (1,685,170) - - 93,773 (1,685,170) (259,513) - Other comprehensive income - - Other comprehensive (loss) net of tax