Core Lithium : 2023 AGM Presentation

Australia's newest lithium producer

2023 Annual General Meeting

Gareth Manderson, CEO

24 November 2023

2023 AGM

corelithium.com.au

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Important and cautionary notes

This presentation has been prepared by Core Lithium Ltd ("Core", "Company") and provides a general overview of the Company and its strategy.

This presentation does not purport to be all-inclusive or to contain all the information that you or any other party may require to evaluate the prospects of the Company. None of the Company, any of its related bodies corporate or any of their representatives assume any responsibility for, or makes any representation or warranty, express or implied, with respect to the accuracy, reliability or completeness of the information contained in this presentation and none of those parties have or assume any obligation to provide any additional information or to update this presentation. The information in this presentation should be read in conjunction with Core's other periodic and continuous disclosure announcements lodged with the Australian Securities Exchange (ASX), which are available at www.asx.com.au.

To the fullest extent permitted by law, the Company, its respective affiliates and representatives, related bodies corporate, officers, employees, partners, agents and advisers make no representation or warranty (express or implied) as to the currency, accuracy, reliability, reasonableness or completeness of the information in this presentation and expressly disclaims all responsibility and liability for any loss or damage arising in respect of your reliance on the information contained in this presentation (including your reliance on the accuracy, completeness or reliability of that information), or any errors in or omissions from this presentation, including any liability arising from negligence.

The Finniss Lithium Project as described in this presentation is at the production stage, and potential investors should understand that mineral exploration, development and mining are high-risk undertakings. There is no guarantee that the Finniss Lithium Project can be economically exploited.

This document contains statements which may be in the nature of forward-looking statements. No representation or warranty is given, and nothing in this presentation or any other information made available by the Company or any other party should be relied upon as a promise or representation, as to the future condition of the respective businesses and operations of the Company.

Competent Person Statements

Core confirms that it is not aware of any new information or data that materially affects the information included in previous announcements (as may be cross referenced in the body of this announcement) and that all material assumptions and technical parameters underpinning the Mineral Resource estimates, Ore Reserve estimates, production targets and forecast financial information continue to apply and have not materially changed. This release contains "forward-looking information" that is based on the Company'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 feasibility studies, the Company's business strategy, plan, development, objectives, performance, outlook, growth, cash flow, projections, targets and expectations, and Mineral Resources and

Reserves.

Currency

Unless otherwise stated, all cashflows are in Australian dollars, are undiscounted and are in real terms (not subject to inflation/escalation factors).

Forward‐looking Statements

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 release are cautioned that such statements are only predictions, and that the Company'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 Company'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 set out herein, including but not limited to general business, economic, competitive, political and social uncertainties; the actual results of current exploration, development and construction activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of lithium; 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 forward-looking information. These and other factors should be considered carefully, and readers should not place undue reliance on such forward-looking information. The Company 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. Statements regarding plans with respect to the Company's mineral properties may contain forward-looking statements in relation to future matters that can be only made where the Company has a reasonable basis for making those statements.

Past Performance

Past performance information given in this presentation is given for illustrative purposes only and should not be relied upon as (and is not) an indication of future performance.

2023 AGM	corelithium.com.au

A year of progress

Becoming Australia's newest lithium producer

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October 2023

July 2022

Significant increase to reserves and resources

October 2022

Mine officially opened

March 2023

BP33 Resource more than doubled

May 2023

BP33 Early works approved, first concentrate shipment

July 2023

First guidance

September 2022

First Ore Mined

February 2023

First concentrates produced

April 2023

Significant increase to Finniss global resource

June 2023

First full year profit

September 2023

First Q of production against guidance

2023 AGM	corelithium.com.au

Environment, Social and Governance (ESG) highlights

Environment

• Weed, land and water management undertaken with Kenbi Rangers
• Water management infrastructure improvements undertaken using the learnings from our first operational wet season
• Ongoing improvements of systems, procedures and technologies to better understand how to reduce our impacts

Social

• Critical risk management deployed
• Stakeholder and community engagement strategy developed
• Community Grants program launched with 20 local recipients in 2023
• Sponsorship of Darwin Festival
• Diversity increased at board and executive level
• Total rewards framework launched for employees

Governance

• Inclusion of modern slavery clause in our supplier standard terms and conditions
• Strategic risk refresh underway
• Payroll practices review completed
• Sustainability and risk committee charter developed

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2023 AGM

Commodity price has weakened

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Will get data

2023 AGM	corelithium.com.au

Improving our performance

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Mining improvements

•	Increasing equipment availability	8%
•	Hot seating
•	Integrating operations	increase in Total Material
Moved*

Plant improvements

•	Adjustments to plant parameters	Improvement in recoveries
from 46% to	59%**
•	Adjustment to product strategy

• Studies into capital solutions

Preparing for the wet season

• Increasing ROM capacity	240,000t
• Sheeting haul roads

• New pumps and pipes	Ore on stockpile***

• Improved water storage and sedimentary basins

*Q4 FY23 to Q1 FY24

• 46% Mar 2023 at Spodumene concentrate grade of 5.5% to 59% November average MTD at ~4.6% Spodumene concentrate grade
• As at 22 November 2024

2023 AGM

Our focus in FY24

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Three strategic pillars

Operational delivery

• Safe Operations & Critical Risk Management program
• Deliver into guidance
• Finniss Operations improvement: Recovery and mining productivity
• Deliver into offtake contracts

BP33 Underground Project

• Complete BP33 early works program
• Complete BP33 underground Feasibility Study (Q1 CY24)
• FID for BP33 underground in (Q1 CY24)

Exploration and development

• Infill and Resource definition drilling of near-mine deposits identified as potential future mining operations
• Fine-tunestrategy for regional exploration and growth
• Early-stageexploration at Shoobridge, Anningie and Barrow Creek projects

2023 AGM

Quickly maturing operation

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Finniss Site July 2022	Finniss Site October 2024

2023 AGM	corelithium.com.au

Improvements in wet season preparedness

Improving surface water and mine water management

• Additional mine water dams
• Additional sediment basins
• Installation of monitoring gauge stations, water level sensors
• Additional pumps, piping infrastructure
• Additional manning for water management
• Increased space on ROM pad
• Road sheeting with imported rock

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2023 AGM

BP33 early works preserving critical path

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Finniss' next potential mine and likely cornerstone asset

on track for FID Q1 CY24

3D Design for BP33 Box Cut