Patagonia Lithium Limited · ASX:PL3
Patagonia Lithium — Investor Presentation (November 2026)
24 slides from Patagonia Lithium's investor presentation, November 2026
Slide 1: Patagonia Lithium November 2026 Presentation
PATAGONIA LITHIUM ASX:PL3 November 2026 Presentation MRE 103,500 tonnes Li, 551,000 tonnes LCE REE Exploration Brazil – Ionic clays exploration
Slide 2: Nature of this document
Nature of this document NATURE OF THIS DOCUMENT expectations represented by such information are reasonable, there can be no assurance that the Disclaimer This presentation has been prepared by Patagonia Lithium Limited (ACN 654 004 403) (Company). The information is based on publicly available info
Slide 3: Formentera - Project update
FORMENTERA - Project update HIGHLIGHTS • Our 8th well JAM 26-08 completed at 485m depth (11/8/26) and 9th well to 230m EOH 5/10/26. • JAM 26-08 achieved 232ppm lithium at 230m depth. • The 72 hour pump test for wells 2, 3 6 pumped 225,350L at 3,250L/Hr! showing widespread ultra high porosity. • Our
Slide 4: Formentera - Milestones
FORMENTERA - Milestones Milestones • Passive seismic results June Completed • Pumping test results wells 2,3,6 July Completed • Packer tests for well eight August Completed • Ekosolve shaker tests for pilot plant setup August Completed • Drilling Well Eight assays August Completed • Gamma and BMR we
Slide 5: MT Geophysics – outstanding low resistivity provides bullseye drill targets
MT Geophysics – outstanding low resistivity provides bullseye drill targets Extends to 1,000m+ depth below 3.0 ohm.m 500mdepth 1,122 ppm MT Survey Line 2300 in northern section of the project Lithium sample The geophysics show two hot spot zones with a resistivity below 0.5 Ohm-m on each surveyed li
Slide 6: Cross section of major aquifers
Cross section of major aquifers The lower and upper sand units are the key aquifer units. The Ignimbrite volcanic unit is a Reliable marker for the various lithologies. Jam 24-01 and Jam 24-02 recorded Li content Of 580 ppm. Vizcachera values are higher than expected: two INLAB samples from well #5
Slide 7: Formentera - Passive Seismic 800m deep
FORMENTERA - PASSIVE SEISMIC 800M DEEP
Slide 8: Formentera - Drill hole locations well 9
FORMENTERA - DRILL HOLE LOCATIONS WELL 9 Map of stations and drill holes
Slide 9: Assays Summary
Assays Summary Formentera Lithium content ppm Avg 296ppm Li Drill hole Depth 24-01 24-02 24-03 24-04 25-05 26-06 26-07 26-08 100-150 110 132 275 154 165 194 - 126 150-200 237 254 293 152 195 294 - 163 200-250 316 327 325 152 195 388 - 194 250-300 485 474 421 152 195 288 - 219 300-350 591 580 499 174
Slide 10: MRE - Formentera Inferred and Indicated Resource Statement
MRE- Formentera Inferred and Indicated Resource Statement 11,000L tank being filled with lithium brine from well JAM 25-06. It was filled 21 times During the pump test.
Slide 11: Formentera lithium concentration
Formentera lithium concentration The high porosity zone lithium content is 469ppm Lithium The thickness of the zone is approximately 200m but the MT geophysics shows it extends 500m The lithium average across all 34 samples is 279ppm SD=standard deviation, CV=coefficient of variation) The picture on
Slide 12: BMR - Exceptional Porosity – Jam 26-06 Zone 7-8
BMR -Exceptional Porosity – Jam 26-06 Zone 7-8 JAM 26-06 shows eight aquifer zones – zone 7 and 8 – 273m-462m shows mostly sands. Average total porosity is 18-19%% and SY has an average of 8% in zone 3 and 12% in zone 4.
Slide 13: Ekosolve Processing Results
Ekosolve Processing Results Lithium Carbonate Production at Pilot Plant Lithium Extraction Efficiency • EkosolveTM Direct Lithium Extraction (DLE) technology pilot plant test work at University of Melbourne achieves 92.1% lithium extraction efficiency from brines with average lithium concentration o
Slide 14: Ekosolve Pilot Plant Elevation Drawings
Ekosolve Pilot Plant Elevation Drawings 14
Slide 15: Ekosolve Pilot Plant Plan Drawings
Ekosolve Pilot Plant Plan Drawings 15
Slide 16: Lithium Price US$18,255/tonne 10 Oct 26
Lithium Price $18,255 USD/tonne 10 Oct 26
Slide 17: Takeaways: lithium demand scenarios
Takeaways • By 2030 the scenarios are already roughly 2 Mt apart (2.4 to 4.6 Mt), and the gap widens to about 3.5 Mt by 2037. • Most of the spread comes from energy storage and heavy-duty transport assumptions, not passenger EVs. UBS projects energy storage rising to 42% of lithium demand by 2035. •
Slide 18: Brazil Projects – Lithium, REE and Niobium
Brazil Projects – Lithium, REE and Niobium • Concessions covering 41,700 Has have been granted for three years in the Minas Gerais state. • The three key areas are a high priority target for rare earth elements (REE) in ionic clays and Niobium. • Rockchip, soils and stream sampling program has been
Slide 19: Concession 2024/860164 – Drill/Augur targets using spectral analysis
Concession 2024/860164 – Drill/Augur targets using spectral analysis + Considering the model of mineralisation in REE by fenitisation, the areas with the greatest potential are MC-PL-47, MC-PL-48, MC-PL- 49, MC-PL-50, MC-PL-53, MC- PL-55, MC-PL-56, MCPL-57, MC-PL-58, MC-PL-59, MC-PL- 60 and MC-PL-61
Slide 20: Brazil Projects – REE and Niobium, Ho2O3, carbonatite deposit
Brazil Projects – REE and Niobium, Ho2O3, carbonatite deposit The white areas on the figure on the right are the most probable to have been fenetized and concentrated rare earths. Ho2O3 is selling at US$86-$120 per kg 99% grade – SMM Index (Sept 26). 20
Slide 21: PL3 Securities on Issue (5 Oct 2026)
PL3 Securities on Issue (5 Oct 2026) Shares (ASX:PL3) 327,732,207 Options quoted )ASX:PL3OB) 82,475,000 Options unquoted 6,450,000 Performance rights 18,333,333 Total Securities on issue 434,990,540 Market Cap - fully diluted ($0.155) $67.42m Options $0.10 / 30 Jun-27 1,000,000 $0.16 / 31 Dec-27 82,
Slide 22: Board of Directors - Strong leadership, technical and commercial experience
Board of Directors - Strong leadership, technical and commercial experience Phil Thomas Rick Athon Pablo Tarantini Ricardo Beroiza Contreras . Executive Chairman Non-Executive Director Non-Executive Director Non-Executive Director Phillip has more than 23 years’ Rick Anthon is an independent Non- •
Slide 23: Patagonia Lithium
PATAGONIA LITHIUM www.patagonialithium.com.au For further information please contact the authorising officer: Phillip Thomas Executive Chairman Patagonia Lithium Ltd M: +61 433 747 380 E: [email protected] Patagonia Lithium Ltd ACN 654 004 403 23 Suite 66, 2-4 Cochranes Road Moorabbin VIC
Slide 24: Cross referenced announcements
Cross referenced announcements Significant 72Hr Pump Test Results from Well 8 2 October 2026 Significant Maiden Lithium Mineral Resource 22 January 2025 Significant Porosity results from well 8 26 September 2026 Drill hole Porosity Analysis and Environmental Testing 25 March 2025 Well 7 Core and BMR
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