Core Lithium (CXO) AGM 2025 Presentation summary

Strategic repositioning and operational readiness

• Finniss Lithium Project is fully maintained, restart-ready, and has all major approvals and infrastructure in place.

• Operations were suspended due to low lithium prices but have since been repositioned for lower costs and sustainability.

• All legacy contracts and offtake agreements have been settled, ensuring 100% ownership and unencumbered future production.

• Funding process is advancing, with over $50 million raised and strong engagement from strategic and financial groups.

• Final investment decision is pending board approval and securing an attractive funding pathway.

Cost reductions and operational improvements

• Mining costs reduced by 40% and processing costs by 33%, with unit operating costs now $690–$785/t.

• Pre-production capital requirements lowered by 29% to $175–$200 million.

• Quarterly cash outflows dropped 73% over FY2025, excluding one-off payments.

• Business streamlined and cost control measures implemented during operational pause.

Resource and reserve updates

• Updated Ore Reserve of 15.6Mt @ 1.27% Li₂O supports 16 years of operations.

• Grants Ore Reserves increased by 33% to 1.53Mt @ 1.42% Li₂O, a 44% rise in contained metal.

• Total Mineral Resource stands at 48.5Mt @ 1.26% Li₂O, containing 610kt of Li₂O.

• Ore Reserve estimates are based on recent studies and are not additive to Mineral Resources.