Investor Presentation - Resources Rising Stars Gold Coast
Released
Released
Announcement PDF
ASX / Media Release
8 September 2026
Suite 114-115 Level 1, 165 Phillip St Sydney, NSW 2000
GPO Box 2733, Sydney NSW 2001
P. +61 (0) 2 8046 2799 | E. admin@venariminerals.com
venariminerals.com
Venari Minerals to present at the
Resources Rising Stars Gold Coast Investor Conference
Venari Minerals NL (ASX: VMS) (“VMS”, “Venari” or “the Company”), is pleased to advise shareholders and
investors that its CEO Matthew Healy will present at the Resources Rising Stars Investor Conference, being
held on Wednesday 9th
and Thursday 10th
September 2026.
Mr Healy will provide an update on the Company’s activities and outlook.
The conference will be live-streamed and shareholders and investors can attend either in-person or virtually
via the livestream. There is no charge to attend either the live-stream or in-person event for investors,
however registration is essential.
Venue: RACV Royal Pines Resort, Ross St, Benowa QLD 4217
Register: RRS Investor
It is recommended that online investors pre-register prior to the commencement of the presentation.
Mr Healy is scheduled to present at 3:50pm Eastern Standard Time on Wednesday 9th
September.
A full Conference program can be downloaded from here.
Authorisation
This announcement has been authorised for release by the Board of Venari Minerals NL.
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For further information, please contact:
Tony Leibowitz Nicholas Read
Executive Chairman Media & Investor Relations
T: +61 (0) 419 929 046
E: tleibowitz@venariminerals.com E: nicholas@readcorporate.com.au
ASX: VMS
Lithium & Strontium:
Securing America’s
Battery and Defence
Supply Chains
Red Mountain Project
Resources Rising Stars – Gold Coast, September 2026
2
Advancing the next large-scale critical
minerals project in Nevada
Large-scale Lithium Resource with high-grade zonation
o 47.9Mt @ 2,193ppm Li / 560kt LCE (1,300ppm cut-off) within a global
3.03Mt LCE Inferred Mineral Resource Estimate
o 99.5% Battery Grade lithium product, ready for US battery supply chains
Massive Growth Potential with 10.7-18.6Mt LCE Exploration Target
o Less than 25% of prospective ground drill tested to date
Red Mountain set to become the only Strontium MRE in the US
o Planned Q3 MRE Update - addition of Strontium - a US Dept of Defense
Strategic Material that the US imports 100% of, with no substitute
Chaired by Tony Leibowitz, founding director and early financier of PLS
o Chairman during Pilbara’s market cap growth to ~$1B from 2013- 2016
Fully funded after recent $6.1m Capital Raise
o Infill drilling underway, MRE upgrades and Scoping Study by Q1 2027
Modest Enterprise Value of $6m
o In comparison with ASX-listed peer lithium explorers / Mineral Resources
Cautionary Statement
The potential quantity and grade of the Exploration Targets set out to the left is
conceptual in nature. There has been insufficient exploration in the target areas to
date, to estimate a Mineral Resource and it is uncertain if further exploration will
result in the estimation of a Mineral Resource. The Exploration Target has been
prepared and reported in accordance with the 2012 edition of JORC Code.
3
Company Overview
Key Financials
Share Price (@ 04.09.2026) $0.078
Shares on Issue 130,226,637
Options (ASX:VMSOA) 10,219,1603
Unlisted Options (exp. 2 Oct 2028) 3,000,0004
Performance Rights 3,812,000
Pro-Forma Market Cap $13.07 m1
Pro-Forma Cash $7.03 m1
Pro-Forma Enterprise Value $6.04 m1
Pro-Forma Debt $1.35 m1
Top 20 Shareholders 67.47%
Major Shareholders
Holdmark Property Group 14.54%
Citicorp Nominees Pty Limited 10.46%
Tony Leibowitz shareholdings 9.08%
Board and Management
Mr Leibowitz is a proven track record
in the lithium sector. He was
Chairman and a founder of Pilbara
Minerals Limited. Mr. Leibowitz joined
the Venari board in 2022. He has
participated in every equity raising in
additionto buying shares on market.
Tony Leibowitz
Chairman
Matt Healy
Executive Director & CEO
Vince Fayad
Non-Executive Director
Share Price2
Mr Healy is a highly experienced
geologist and Australian mining
executive. Prior to joining Venari
Minerals, Mr Healy held the position
of Chief Executive Officer for
Greenvale Mining Limited (ASX: GRV)
and was also previously Exploration
Manager at Round Oak Minerals.
Mr Fayad has over 40 years’
experience in corporate finance,
international M&A, accounting and
other advisory related services in
Sydney-based mid-tier accounting
firms. He is the principal Vince Fayad
& Associates, providing accounting
and advisory services.
Notes:
1. Pro-forma amounts reflect the Company's positionas at 4 September 2026, other than cash,
which is based on the Company's quarterly cash flow report for the quarter ended 30 June
2026. The cash balance as at 30 June 2026 has been adjusted to take into effect the proceeds
from the capital raising announced on the 19 July 2026, which is a two-tranche
raising. Tranche 1 totalling $1.77 M was settled on 31 July 2026. Tranche 2 and the issue of a
Convertible Note totalling $4.33 M is subject to shareholder approval at a General Meeting to
be held on 11 September 2026. The Convertible Note is repayable by way of future issue of
shares, also to be approved at the above shareholders meeting.
2. The share price graph has been reconstructed to reflect the impact of the Company’s 1-for-
10 share consolidation, which took effect on 28 November 2025.
3. Listed options have an exercise price of 12 cents, expiry date of 6 August 2028 and trade
under ASX ticker code ‘VMSOA’.
4. Unlisted Options have an exercise price of 30 cents and expiry date of 2 October 2028
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08/2025 10/2025 12/2025 02/2026 04/2026 06/2026
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4
Nevada a World-Class
Mining Jurisdiction
The World’s Premier Mining Jurisdiction
• Nevada a global top-3 jurisdiction for the last 9 years1
• Mining-friendly workforce
• Transparent permitting processes
• Established mining infrastructure and highway
network
The‘Lithium Capital’of North America
• Home to the World’s largest lithium reserve –
Thacker Pass (NYSE: LAC), mine under construction
• Tesla Gigafactory, the largest battery manufacturing
facility in the US, located in Sparks, NV
Advanced Lithium Projects indicate a strong
value proposition in Venari Minerals
Notes:
Projects map source: Lithium in Nevada,Nevada Bureau of Mines and
Geology, Special Publication 40, 2024
5
Red Mountain
Overview
Location
o 33km2 of Mining Claims on BLM land in Nye County, Nevada, USA
o 100% Venari-owned and royalty-free
o 47.9Mt @ 2,193ppm Li / 560kt LCE (1,300ppm cut-off) within a global
3.03Mt LCE Inferred Mineral Resource Estimate
Infrastructure
o Project adjacent to Route 6, linking mining towns of Ely and Tonopah
o High-voltage 525kV ‘One Nevada’ transmission line 20km to the east
o Half-day travel optionality to major cities and international airports
Trucking Distance to the largest Gigafactory in the US
o Tesla/Panasonic (37GWh) Gigafactory located 472km away in Sparks NV
o Announced US $3.6B upgrade including 100GWh 4,680 cell factory and
high-volume Semi truck factory
Strategic Water Rights Secured
o Option with American Battery Technology Company (NASDAQ: ABAT)
o 113-acre (45.7 Ha) lot of private land with 592,000m3/ 480 acre-feet of
annual private water rights
o Less than 6km south-west from the Red Mountain Project
6
Exploration Upside
Numerous exploration opportunities exist on the Project
o Defined by elevated lithium in soils and rock-chip samples
o 10 discrete areas of exploration upside – 10.7-18.6Mt LCE total
o Less than 25% of prospective ground drill-tested to date
February 2026 Exploration Target:
(In accordance with the JORC Code (2012) and ASX Listing Rules)
Cautionary Statement
The potential quantity and grade of the Exploration Targets set out above is
conceptual in nature. There has been insufficient exploration in the target areas to
date, to estimate a Mineral Resource and it is uncertain if further exploration will
result in the estimation of a Mineral Resource. The Exploration Target has been
prepared and reported in accordance with the 2012 edition of JORC Code.
7
Strategic
By-Product Upside
Strontium
o Strontium is a pyrotechnic chemical with defense application in flares
and tracer munitions, with no alternative/substitute
o The US is 100% import-dependent for its Strontium requirements3
o There are no Strontium Mineral Resource Estimates in the US or Canada
o Strontium Carbonate commands US$2,000/t landed in the US1
o Strategic importance of Strontium enhanced in light of publicised
depletion of US munitions stocks in the recent conflict with Iran
o Strontium to be added to the current MRE in Q3
Magnesium
o Epsomite (magnesium sulfate, Epsom salt) is mainly used in agriculture
as a fertilizer, with 2025 pricing ranging from US $370-420/t2
o The US is 59% import-dependent for magnesium compounds, with most
of its (55%) magnesium sulfate currently imported from China3
o Magnesium occurs with lithium at Red Mountain in the mineral Hectorite
US C-RAM (Counter Rocket, Artillery and Mortar) system
firing 20mm (strontium) tracer rounds at a rate of 4,500 rounds per minute
1. Global Trade Algorithmic Intelligence Center – Imports of Strontium Carbonate in USA
https://gtaic.ai/market-reports/strontium-carbonate-market-usa-report-in-2026
2. IMARC Magnesium Sulfate Prices https://www.imarcgroup.com/magnesium-sulfate-pricing-report
3. USGS Mineral Commodities Summaries 2026
8
Metallurgical
De-Risking
Mining raw material
Beneficiation
Acid Leaching & Filtration
Impurity Removal
Crystallisation of
Battery-Grade Lithium
Product
Sedimentary Lithium:
Simplified Processing
Metallurgical testing well-advanced
Proven Battery-Grade Lithium Product
o 99.5% Battery-Grade lithium carbonate produced from Red Mountain
mineralisation in sulfuric leach and crystallization test-work
o Conducted by Hazen Research, using established flowsheet
Scoping leachability test-work
o High Lithium leachability achieved of up to 98% in sulfuric acid leach
test-work by leach experts KCA in Reno, NV
Beneficiation
o Successful beneficiation from Falcon and Attrition Scrubbing methods
o Increases lithium grade and reduced reagent-consuming waste minerals
Comprehensive Forward Met Test-work Program
o Evaluation of oxalic and hydrochloric acid leachability
o Roasting and water leach testing to be conducted by ANSTO
o Further benefication and by-product separation test-work
o Strontium and Magnesium byproduct separation test-work
9
US Exceptionalism in
Critical Minerals
The US Government has demonstrated a bias for action with its
efforts to on-shore critical mineral supply chains, including:
Direct Equity Investments
o MP Materials – rare earths, California, 15% stake
o Lithium Americas – lithium, Nevada, 5% stakes in Company and JV
Grant Funding Opportunities
o Department of Energy (DoE) grants for critical minerals (e.g. Lithium)
o Department of Defense (DoD) grants for strategic materials (e.g. Strontium)
o Aim to support extraction, processing, and supply chain development
Project Construction Loans
o DoE Office of Energy Dominance Financing Program
o Export-Import Bank (EXIM) Supply Chain Resilience Initiative Financing
o Lowest rate finance in the Western world
Fast-Tracked Permitting
o Fast41 – a coordinated framework for federal environmental review
o Department of the Interior Emergency Permitting Procedures
Executive Orders
Source: www.whitehouse.gov
10
Development
Pathway & Catalysts
Work Program Sept Oct Nov Dec Jan‘27 Feb Mar
Infill Drilling
MRE Update (Strontium)
Drill Assays
Met test-work
MRE Upgrade (new drilling)
Scoping Study
Infill drilling
o Targeted infill drilling of high-grade northern part of the Red Mountain
project – underway
o Assays expected throughout Q4
Metallurgical Test-work Programme
o Evaluate potential by-products for extraction and product quality
o Test alternative lithium extraction methods
Addition of by-products to Mineral Resource Estimate
o Strontium and magnesium targeted for inclusion in inferred MRE in Q3
Mineral Resource Estimate Category Upgrade
o Upgrade high-grade northern zone from inferred to indicated category
Scoping Study
o Initial scoping study to evaluate mining potential and project economics
11
Invest in Venari
o Large-Scale Lithium Project with exploration upside
o Metallurgical de-risking advanced with 99.5% Battery-Grade
Lithium Carbonate produced
o Unique Exposure to US Defence Strategic Material Strontium
o Tight Capital Structure with Supportive Register
o Experienced Team including Founding Director and early
financier of Pilbara Minerals (now PLS Group, ASX:PLS)
o Funded for catalyst-rich near-term news flow
o Strongly positioned for a re-rating in a resurgent critical
minerals market and US supply chain on-shoring endeavour
12
Disclaimer & Forward-Looking Statement
Important Notice & Disclaimer
The purpose of this presentation is to provide background information to assist readers in obtaining a general understanding of Venari Minerals NL (‘Venari’ or ‘the Company’) and its objectives. Readers should make their own independent assessment of the
information and take their own independent professional advice in relation to the information and any proposed action to be taken in on the basis of the information. To the maximum extent permitted by law, Venari and its professional advisors and their related bodies
corporate, affiliates and each of their respective directors, officers, partners, employees, advisers and agents and any other person involved in the preparation of this presentation disclaim all liability and responsibility (including without limitation any liability arising from
fault or negligence) for any direct or indirect loss or damage which may arise or be suffered through use of or reliance on anything contained in, or omitted from, this presentation. Neither Venari nor its advisors have any responsibility or obligation to inform the reader
of any matter arising or coming to their notice after the date of this presentation, which may affect any matter referred to in the presentation. The distribution of this Presentation (including an electronic copy) outside Australia may be restricted by law. If you come into
possession of this Presentation, you should observe such restrictions and seek your own advice on such restrictions. Any non-compliance with these restrictions may contravene applicable securities.
Not An Offer
This presentation is not and should not be considered as an offer or invitation to apply for or purchase securities of the Company or as a recommendation or inducement to make an offer or invitation in respect of the Company’s securities. This presentation is not a
disclosure document under Australian law or under any other law. It does not purport to contain all the information any reader or prospective investor may require to make an investment decision and it does not contain all of the information required by Australian law
or any other law to be disclosed in a prospectus. In particular, this presentation does not constitute an offer to sell, or the solicitation of an offer to buy, any securities in the United States. This Presentation may not be distributed or released in the United States. Securities
in the Company have not been, nor will be, registered under the U.S. Securities Act of 1933, or the securities laws of any state or other jurisdiction in the United States. Accordingly, the securities in the Company may not be offered or sold, directly or indirectly to, persons
in the United States or persons who are acting for the account or benefit of a person in the United States unless they have been registered under the U.S. Securities Act or in a transaction exempt from, or not subject to, the registration requirements of the U.S. Securities
Act and any other applicable U.S. laws.
Not Investment Advice
The presentation is not investment or financial product advice (nor tax, accounting or legal advice) and is not intended to be used for the basis of making an investment decision.
Forward-looking Statements
Certain statements contained within the presentation are forward looking statements. Such forward looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Venari, are inherently subject to significant
technical, business, economic, competitive, political and social uncertainties and contingencies, involve known and unknown risks and uncertainties that could cause actual events or results to differ materially from estimated or anticipated events or results to materially
differ from estimated or anticipated events or results reflected in such forward looking statements, and may include among other things, statements regarding estimates and assumptions in respect of prices, costs, results and capital expenditure, and are or may be based
on assumptions and estimates related to future technical, economic, market, political, social and other conditions. In certain cases, forward-looking statements can be identified by the use of words such as, “affords”, “anticipates”, “believe”, “considered”, “continue”,
“could”, “establishes”, “estimate”, “expected”, “future”, “interpreted”, “likely”, “looking”, “may”, “open”, “plan” or “planned”, “potential”, “robust”, “targets”, “will” or variations of such words and phrases or statements that certain actions, events or results may,
could, would, might or will be taken, occur or be achieved or the negative of these terms or comparable terminology. Venari disclaims any intent or obligation to publicly update any forward-looking statements, whether as a result of new information, future events or
results or otherwise. An investment in securities in the Company is subject to investment and other known and unknown risks, some of which are beyond the control of the Company. The Company does not guarantee any particular rate of return or the performance of
its securities, nor does it guarantee any particular tax treatment. You should carefully consider the risks outlined in this Presentation before making an investment decision.
No Liability
No representation or warranty, express or implied, is given as to the fairness, accuracy, completeness, reliability or adequacy of statements, estimates, opinions or other information, or the reasonableness of any assumption or statement in this presentation (any of which
may change without notice), or the likelihood of achievement or reasonableness of forecasts or prospective statements in this presentation. Forecasts and prospective statements are by their nature subject to significant uncertainties and contingencies. Forecasts and
prospective statements in this presentation are based on current expectations about future events and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from the expectations described.
This presentation has been approved for release by Venari’s Board of Directors.
13
JORC CP Statements
Competent Persons Statements
The information in this presentation that relates to Needles Gold and Red Mountain Lithium (Section 1: Sampling
Techniques and Data) is based on information compiled by Mr Matthew Healy, a Competent Person who is a
Member of The Australasian Institute of Mining and Metallurgy (AusIMM Member number 303597). Mr Healy is a
full-time employee of Venari Minerals NL and is eligible to participate in a share-based incentive schemes of the
Company. Mr Healy has sufficient experience that is relevant to the style of mineralisation and type of deposit under
consideration and to the activity being undertaken 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’. Mr Healy
consents to the inclusion in the report of the matters based on his information in the form and context in which it
appears.
The information in this report that relates to Reporting of Exploration Results (Section 2) and Mineral Resource
Estimates is based on information compiled by Mr. Richard Newport, principal partner of Richard Newport &
Associates – Consultant Geoscientists. Mr. Newport is a member of the Australian Institute of Geoscientists and
has sufficient experience which 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 under the 2012 Edition of the ’Australasian
Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves‘. Mr. Newport consents to the
inclusion in this announcement of the matters based on his information in the form and context in which it appears.
Mineral Resource Estimates
Where the Company references previously disclosed Mineral Resource Estimates it confirms that the relevant JORC
Table 1 disclosures are included with the original referenced ASX Announcements and that it is not aware of any
new information or data that materially affects the information included in those ASX Announcements and in the
case of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates in the
Announcements continue to apply and have not materially changed.
Exploration Targets
The information in this report that relates to Exploration Targets is based on information compiled by Mr. Richard
Newport, principal partner of Richard Newport & Associates – Consultant Geoscientists. Mr. Newport is a member
of the Australian Institute of Geoscientists and has sufficient experience which 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 under the 2012 Edition of the ’Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves‘. Mr. Newport consents to the inclusion in this announcement of the matters based on
this information in the form and context in which it appears. (continued)
Footnotes & Previous
Announcements
The information contained within this presentation that relates to exploration results has been extracted from the following
ASX announcements (ASX: VMS) previously (ASX: ASE):
• ASX: VMS, 19 July 2026, $6.1m Capital Raising to advance Red Mountain Project
• ASX: VMS, 1 July 2026, Venari Advances By-Products Strategy
• ASX: VMS, 28 April 2026, Red Mountain Project produces Battery-Grade Lithium Product
• ASX: VMS, 18 February 2026, Updated Exploration Target for Red Mountain Lithium Project
• ASX: VMS, 2 February 2026, Maiden Mineral Resource Estimate for the Red Mountain Lithium Project
• ASX: ASE, 22 April 2025, Beneficiation test-work successfully upgrades mineralisation at Red Mountain
• ASX: ASE, 10 June 2025, Beneficiation Delivers 4,480ppm Lithium Clay Concentrate at Red Mountain
• ASX: ASE, 9 December 2024, Positive initial metallurgical results from Red Mountain
• ASX: VMS, 15 October 2025, Metallurgical test-work delivers 132% upgrade to lithium mineralisation at Red Mountain
• ASX: VMS, 27 January 2026, Further positive metallurgical test-work results from Red Mountain Lithium Project
• ASX: ASE, 20 November 2023, Large lithium soil anomalies discovered at Red Mountain
• ASX: ASE, 27 November 2023 Outstanding Rock-Chip Assays at Red Mountain Project
• ASX: ASE, 8 July 2024, High-grade rock chip assays extend prospective lithium horizon at Red Mountain Project, USA
• ASX: ASE, 3 September 2025, Outstanding lithium anomalism in surface sampling at Red Mountain Extension
Lithium Carbonate Equivalent wt%(LCE) calculated by the formula LCE = Li (ppm) x 5.323 /10,000
The Exploration Target included this release was originally announced on 18 February 2026 and has been wholly
based on previously announced exploration results for the Red Mountain Project. The ASX releases for these results,
including the relevant JORC Table 1 disclosures, are listed as follows:
• ASX: ASE, 20 November 2023, Large lithium soil anomalies discovered at Red Mountain
• ASX: ASE, 27 November 2023 Outstanding Rock-Chip Assays at Red Mountain Project
• ASX: ASE, 8 July 2024, High-grade rock chip assays extend prospective lithium horizon at Red Mountain
• ASX: ASE, 4 February 2025, New Zone of lithium-bearing rocks identified at Red Mountain
• ASX: ASE, 3 September 2025, Outstanding lithium anomalism in surface sampling at Red Mountain Extension
• ASX: ASE, 7 August 2024, Receipt of final assays for the Red Mountain Lithium Project
14
Appendix 1: US Sedimentary Lithium Projects
Disclaimer: With respect to the historical estimates and/or foreign estimates of mineralisation of the peer projects disclosed in table above, VMS cautions that:
• Foreign estimates are not necessarily equivalent to to JORC MRE categories and direct comparisons should be avoided. However, given the bulk of US sedimentary MREs are reported under non-JORC standards, it would be misleading to
not disclose these to the market.
• these estimates are not reported in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (referred to as the “JORC Code (2012)”);
• a Competent Person has not completed sufficient work to classify the historical estimates or foreign estimates as Mineral Resources or Ore Reserves in accordance with the JORC Code (2012); and
• it is uncertain that following further evaluation if the historical estimates or foreign estimates will be able to be reported as Mineral Resources or Ore Reserves in accordance with the JORC Code (2012).
Mr Matthew Healy, a Competent Person, who is the Chief Executive Officer and Executive Director of VMS, and a member of the Australasian Institute of Mining and Metallurgy (AusIMM), has considered the information for the historical
estimates and/ or foreign estimates of mineralisation for the peer projects disclosed in the table above and considers that the information disclosed is an accurate representation of the available data for peer mineral resource estimates in the
US lithium market. Mr Healy consents to the inclusion in this presentation of the matters based on this information in the form and context which it appears, with relevant source references provided for each historical and/or foreign resource
estimates described
15
Appendix 1: Cont’d
US Sedimentary Lithium Projects – source reports
16
$41.03m
$99.99m
$53.51m
$901.82m
$20.81m
$10.16m
$557.02m $190.08m
$236.44m $23.06m $48.15m $129.45m $17.35m $3.96m
$11.5m $21.61m $76.38m
0
5
10
15
20
25
Jindalee
Lithium
(Sed)
Lake
Resources
(Bri)
European
Metal
Holdings
(Spo)
Pmet (Spo) Prairie
Lithium
(Bri)
Venari
Minerals
(Sed)
Wildcat
Resources
(Spo)
Global
Lithium
Resources
(Spo)
Atlantic
Lithium
(Spo)
Pursuit
Minerals
(Bri)
Greenwing
Resources
(Bri)
Delta
Lithium
(Spo)
Green
Technology
Metals
(Spo)
Infinity
Metals
(Spo)
Critical
Resources
(Spo)
Lithium
Plus
Minerals
(Spo)
Anson
Resources
(Bri)
Lithium
in
Mineral
Resources
(LCE,
Mt)
Appendix 3
Exploration-Phase ASX Lithium MREs
Source: Public Company Reports. Market Caps current as at 3 September 2026
Red Mountain
Lithium Project
17
ASX-listed lithium explorer (i.e. producers and developers excluded) Mineral Resource Estimates and contained Lithium Carbonate Equivalent (LCE).
Brine Resources as contained LCE and Li as mg/L, sedimentary resources in Mt and ppm Li and spodumene resources in Mt and Li2O%. Contained LCE
calculated from source Mineral Resource Estimates using 2.475 conversion factor for Li2O – LCE and 5.323 conversion factor for ppm Li to LCE
Appendix 3 continued
Exploration-Phase ASX Lithium MREs
Measured Indicated Inferred Meas. Ind. Inf. Total
Jindalee Lithium JLL Sed. 1470Mt @ 1420ppm Li 1540Mt @ 1270ppm Li 11 10 21.5
Lake Resources LKE Brine 4.19Mt LCE @ 226.4mg/l Li 4Mt LCE @ 206.6mg/l Li 2.89Mt LCE @ 215mg/l Li 4.19 4.00 2.89 11.07
European Metal Holdings EMH Spod. 53.3Mt @ 0.48% Li2O 360.2Mt @ 0.44% Li2O 294.7Mt @ 0.39% Li2O 0.63 3.92 2.84 7.40
Pmet PMT Spod. 108.68Mt @ 1.41% Li2O 35.08Mt @ 1.35% Li2O 3.80 1.17 4.97
Prairie Lithium PL9 Brine 4.6Mt LCE @ 98mg/l Li 4.60 4.60
Venari Minerals VMS Sed. 500Mt @ 1139ppm Li 0 3.03 3.03
Wildcat Resources WC8 Spod. 70Mt @ 1.01% Li2O 4.1Mt @ 0.76% Li2O 1.75 0.08 1.83
Global Lithium Resources GL1 Spod. 36.7Mt @ 1.03% Li2O 32.9Mt @ 0.96% Li2O 0.94 0.78 1.72
Atlantic Lithium A11 Spod. 3.7Mt @ 1.37% Li2O 26.1Mt @ 1.24% Li2O 7Mt @ 1.15% Li2O 0.13 0.80 0.20 1.13
Pursuit Minerals PUR Brine 0.59Mt LCE @ 515.1mg/l Li 0.51Mt LCE @ 495.4mg/l Li 0.59 0.51 1.10
Greenwing Resources GW1 Brine 0.67Mt LCE @ 192mg/l Li 0.4Mt LCE @ 200mg/l Li 0.67 0.40 1.07
Delta Lithium DLI Spod. 0.5Mt @ 1.2% Li2O 23.3Mt @ 1.09% Li2O 12.9Mt @ 1.01% Li2O 0.01 0.63 0.32 0.97
Green Technology Metals GT1 Spod. 16.1Mt @ 1.29% Li2O 14.2Mt @ 1.01% Li2O 0.51 0.35 0.87
Infinity Metals INF Spod. 59Mt @ 0.29% Li2O 52.2Mt @ 0.27% Li2O 0.42 0.35 0.77
Critical Resources CRR Spod. 8Mt @ 1.07% Li2O 0.21 0.21
Lithium Plus Minerals LPM Spod. 0.42Mt @ 1.22% Li2O 3.67Mt @ 1.45% Li2O 0.01 0.13 0.14
Anson Resources ASN Brine 0.02Mt LCE @ 93.5mg/l Li 0.08Mt LCE @ 93.5mg/l Li 0.02 0.08 0.10
Company Ticker Type
Mineral Resource Estimates LCE in Mineral Resources (Mt)
venariminerals.com
Contact: Tony Leibowitz
Executive Chairman
tleibowitz@venariminerals.com
Nicholas Read
Media & Investor Relations
+61 (0)419 929 046
nicholas@readcorporate.com.au
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