Lithium Argentina (LAR) Corporate presentation summary

Operational performance and growth strategy

• Largest lithium carbonate operation in Argentina, with Cauchari-Olaroz producing 34,000 tonnes in 2025 and targeting 35,000–40,000 tonnes in 2026.

• Stage 2 expansion at Cauchari-Olaroz aims to add 45,000 tpa, leveraging strong cash flow and a large resource base.

• Pozuelos Pastos Grandes (PPG) project targets phased growth to 150,000 tpa LCE, with permits for Stage 1 (50,000 tpa) and a submitted RIGI application.

• Combined pipeline supports a path to over 200,000 tpa LCE, more than fivefold current production.

Financial performance and cost management

• 2026 EBITDA guidance for Cauchari-Olaroz ranges from $325M to $590M, depending on lithium prices.

• Cash operating costs at Cauchari-Olaroz reduced by 30% since early 2024, now revised to ~$5,400/t.

• PPG project targets competitive operating costs at $5,027/t for full project scale.

• Distributed $85 million from Cauchari-Olaroz, reflecting strong operational cash flow.

Resource scale and project economics

• Cauchari-Olaroz and PPG together represent among the largest lithium brine resources in South America.

• PPG scoping study shows after-tax NPV (8%) of $8.1B and IRR of 32.7% at $18,000/t lithium price.

• Stage 1 capex for PPG is $1.1B, with full project capex at $3.3B.

• Cauchari-Olaroz Stage 1 capex was $979M, with a 40-year mine life.