ELEVRA LITHIUM LIMITED — AGM Information 2024

Nov 28, 2024

ASX ANNOUNCEMENT 29 November 2024

2024 Annual General Meeting Additional Information

Sayona Mining Limited (“Sayona” or “Company”) (ASX:SYA; OTCQB:SYAXF) provides the following information at the request of the Australian Securities Exchange (ASX).

The 2024 Annual General Meeting MD/CEO presentation has been updated with slides 23 and 24 containing supporting information that had previously been released on 19 November 2024 in the ASX release entitled “ Proposed Merger & Equity Financing Presentation ” and had been referenced in the ASX release on 28 November 2024 entitled “ 2024 AGM – MD/CEO Presentation ”.

The following presentation does not contain any new information that had not previously been published on the ASX platform.

Issued on behalf of the Board.

For more information, please contact:

Andrew Barber Director of Investor Relations

Ph: +617 3369 7058 Email: ir@sayonamining.com.au

About Sayona Mining

Sayona Mining Limited is a North American lithium producer (ASX:SYA; OTCQB:SYAXF), with projects in Québec, Canada and Western Australia.

In Québec, Sayona’s assets comprise North American Lithium together with the Authier Lithium Project and the Tansim Lithium Project, supported by a strategic partnership with American lithium developer Piedmont Lithium Inc. Sayona also holds a 60% stake in the Moblan Lithium Project in northern Québec.

In Western Australia, the Company holds a large tenement portfolio in the Pilbara region prospective for gold and lithium. Sayona is exploring for Hemi style gold targets in the world class Pilbara region, while its lithium projects include Companyowned leases and those subject to a joint venture with Morella Corporation.

For more information, please visit us at www.sayonamining.com.au

Level 28, 10 Eagle St Brisbane Q 4000 | +61 7 3369 7058 ir@sayonamining.com.au[|] ASX: SYA[|] ACN 091 951 978

sayonamining.com.au

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2024 AGM

28 November 2024

ASX:SYA | OTCQB:SYAXF

Important Information and Disclaimer

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Important Information and Disclaimer

The 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. The information in this Presentation should be read in conjunction with Sayona’s other periodic and continuous disclosure announcements lodged with the Australian Securities Exchange (ASX), which are available at www.asx.com.au, as well as Piedmont’s periodic and continuous disclosure announcements filed with the U.S. Securities and Exchange Commission (SEC), which are available at www.sec.gov.

To the fullest extent permitted by law, the Company and its affiliates, related bodies corporates, 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 disclaim 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 content of this Presentation is provided as at the date of this Presentation (unless otherwise stated). Certain information in this Presentation has been sourced from Piedmont, its representatives or associates. While steps have been taken to review that information, no representation or warranty, expressed or implied, is made in this Presentation as to the fairness, accuracy, correctness, completeness or adequacy of that information.

Financial information and forward-looking statements

fluctuations, actual demand, currency fluctuations, drilling and production results, resource and reserve estimates, loss of market, industry competition, environmental risks, physical risks, legislative, fiscal and regulatory developments, economic and financial market conditions in various countries and regions, political risks, project delay or advancement, approvals and cost estimates.

Sayona undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Not an offer

This Presentation is for information purposes only and is not a prospectus, disclosure document, product disclosure statement or other offering document under Australian, U.S. or any other law. This Presentation is not and should not be considered an offer or an invitation, or a solicitation of an offer, to subscribe for or acquire securities or any other financial products.

The distribution of this Presentation in jurisdictions outside of Australia may be restricted by law and any such restriction should be observed. Any failure to comply with such restrictions may constitute a violation of applicable securities laws. This Presentation has been prepared for publication in Australia and may not be released to US wire services or distributed in the United States. This Presentation does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction where it would be illegal. The distribution of this Presentation in the United States and elsewhere outside Australia may be restricted by law. Persons who come into possession of this Presentation should observe any such restrictions as any non-compliance could contravene applicable securities laws.

All financial information in this Presentation is in Australian Dollars ($ or AUD) unless otherwise stated. This Presentation contains “forward looking statements” concerning the financial conditions, results of operations and business of Sayona. All statements other than statements of fact or aspirational statements, are or may be deemed to be “forward looking statements”.

Often, but not always, forward looking statements can generally be identified by the use of forward looking words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “continue”, “outlook”, “predict”, “contemplate”, “forecast”, “likely”, “believe”, “target”, “will”, “could”,” “would”, “should”, “potential”, “may” and “guidance”, or other similar words and may include, without limitation, statements regarding plans, strategies and objectives of management, future or anticipated production or construction commencement dates and expected costs, resources and reserves, exploration results or production outputs.

Forward looking statements are statements of future expectations that are based on management’s current expectations and assumptions and known and unknown risks and uncertainties that could cause the actual results, performance or events to differ materially from those expressed or implied in these statements. These risks include, but are not limited to, risks related to the Merger Transaction, including the risk that conditions are not satisfied, the risk of litigation, uncertainties as to the timing, risks of disruption to current plans or operations, risks to ability to hire key personnel, competitive responses to the Merger Transaction, potential adverse reactions to relationship with customers, MergeCo’s ability to achieve synergies, as well as delays, challenges and expenses associated with integrating MergeCo’s existing businesses. Such risks also include price

2

Important Information and Disclaimer

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Not financial product advice

This Presentation has been prepared without taking into account the specific objectives, financial situation or needs of individual investors. Before making an investment decision, prospective investors should consider the appropriateness of the information having regard to their own objectives, financial situation and needs and seek appropriate advice, including financial, legal and taxation advice appropriate to their jurisdiction and circumstances. Sayona is not licensed to provide financial product advice in respect of its securities. Cooling off rights do not apply to the acquisition of New Shares.

Investors outside Australia should note that while Ore Reserves and Mineral Resource estimates of the Company in this document comply with the JORC Code, they may not comply with the relevant guidelines in other countries and, in particular, do not comply with (i) National Instrument 43-101 (Standards and Disclosure for Mineral Projects) of the Canadian Securities Administrators (the “Canadian NI 43-101 Standards”); or 1300 of Regulation S-K which governs disclosures of mineral reserves in registration statements filed with the SEC. Information contained in this Presentation describing mineral deposits may not be comparable to similar information made public by companies subject to the reporting disclosure requirements of Canadian and US securities laws.

Mineral Resources and Ore Reserves - Sayona

The information in this presentation that relates to the mineral resource and ore reserves estimates of Sayona’s projects (i.e. NAL, Authier and Moblan) has been extracted from the ASX announcement titled “ Annual Report to Shareholders ” released on 30 August 2024 and which is available at www.asx.com.au.

Sayona confirms that it is not aware of any new information or data that materially affects the information included in that market announcement and that all material assumptions and technical parameters underpinning the estimates in that market announcement continue to apply and have not materially changed. Sayona confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from that market announcement.

Mineral Resources and Ore Reserves – Piedmont

The information in this presentation that relates to the mineral resource and ore reserves estimates of Piedmont’s Carolina Lithium project has been extracted from the ASX announcement titled Piedmont Completes BFS of the Carolina Lithium Project" released on 15 December 2021” and which is available at www.asx.com.au.

Production target disclosure - Sayona

The information in this presentation that relates to the production targets for Sayona’s projects (i.e. NAL, Moblan and Authier) has been extracted from the following ASX announcements:

• NAL: Sayona announcement "Definitive Feasibility Study Confirms NAL Value with A$2.2B NPV" released on 14 April 2023

• Moblan: Sayona announcement "Moblan Lithium Project Definitive Feasibility Study" released on 20 February 2024

• • Authier: Sayona announcement "Definitive Feasibility Study Confirms NAL Value with A$2.2B NPV" released on 14 April 2023

Sayona confirms that all the material assumptions underpinning the production targets in each of those market announcements continue to apply and have not materially changed. Each of those announcements is available from www.asx.com.au.

Production target disclosure- Piedmont

The information in this presentation that relates to the production target for Piedmont’s Carolina Lithium project has been extracted from the following ASX announcements Carolina Lithium: Piedmont announcement “ Piedmont Completes BFS of the Carolina Lithium Project" released on 15 December 2021 and which is available at www.asx.com.au.

JORC Code

It is a requirement of the ASX Listing Rules that the reporting of Ore Reserves and Mineral Resources in Australia comply with the Joint Ore Reserves Committee’s Australasian Code for Reporting of Mineral Resources and Ore Reserves (JORC Code).

3

Agenda

Merger with Piedmont Lithium FY24 Highlights Operational Performance Strategy Update FY25 Guidance

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Merger Transaction Structure

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Overview of the merger

MergeCo

ASX primary listing Nasdaq secondary listing of ADRs (Renamed from Sayona)

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• Newly-formed US subsidiary of Sayona to merge with and into Piedmont, subject to shareholder approvals

• Post transaction ownership split: approximately 50% Sayona shareholders / 50% Piedmont shareholders, on a fully-diluted basis, prior to conditional placement

• Sayona will be the ultimate parent entity (i.e “MergeCo”)

• MergeCo will be domiciled in Australia

• Subject to shareholder approval, MergeCo to rebrand under a new name to be announced

Benefits of ASX primary listing and a Nasdaq secondary listing

• ASX has demonstrated track record of supporting emerging mining companies, already familiar with MergeCo’s assets

Newly Created Delaware Subsidiary

• Nasdaq listing provides enhanced liquidity and potential to broaden equity research coverage and institutional investor interest

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Investment Highlights

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Sayona + Piedmont Lithium

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Building a leading lithium business with spodumene resources of global scale

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Leadership team combining deep operating experience and strong corporate governance

Largest hard rock lithium producer in North America; merger enables brownfield expansion at NAL

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Significant merger synergies and ongoing cost savings measures

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Three DFS-stage development projects in favourable locations

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Funding raise led by Resource Capital Fund VIII L.P. provides balance sheet strength to weather down-market and advance projects toward development

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Scale Optimisation Growth

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Leading Hard Rock Resource Base Totalling 205Mt

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Select Hard Rock M+I+I Mineral Resource Base Benchmarking Legend
Attributable M+I+I Mineral Resource Estimate (Mt) [(1)] , M+I+I Mineral Resource Grade (%) [(2)] and M+I+I Resource Contained LCE (Mt) Operating [3]
Non operating
1.60%
Attr. Contained
1.0
LCE (Mt)
1.50%
1.40%
1.30%
(4)
1.20%
MergeCo [(5)]
1.10%
(5)
1.00% MergeCo positioned as
the pre-eminent “mid-cap”
lithium producer
0.90%
0.80%
0.70%
- 50 100 150 200 250400
Mineral Resource Tonnes (Mt Ore, M+I+I)
1. Peer Mineral Resource Estimates (Measured, Indicated & Inferred) as reported, refer to ASX release dated 19 November 2024 titled “Proposed Merger & Equity Financing Presentation” on pages 35 – 39 for supporting sources of peer comparison resource estimates and for Sayona and Piedmont resource
estimates and slide 23 of this presentation
Mineral Resource Grade (% Li2O, M+I+I)
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1. Resource grade calculated based on companies total hard rock attributable portfolio

2. Operating indicates one or more producing assets within the portfolio

3. Assumes completion of Rio Tinto’s acquisition of Arcadium Lithium

4. Excludes Ewoyaa

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Scale Optimisation Growth Combined Scale Enhances Growth Pipeline and Provides Flexibility to Optimise Development

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Sayona Project
Piedmont Project
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Growth Pipeline[(1)(2)]

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Operating Assets
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Brownfield Expansions

Advanced Projects

Early-stage Projects

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NAL Upstream
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+ 190ktpa [(4) ]
( 171ktpa SC6 equivalent )
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NAL Upstream Expansion
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Authier Killick
Carolina Lithium NAL Downstream
Ewoyaa WA Exploration
Moblan [(3)]
+ 422ktpa
( 422ktpa SC6 equivalent excluding Ewoyaa )
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1. Estimated Spodumene Concentrate Production Capacity as reported and shown on an attributable basis. Refer to “Important Information and Disclaimer” section for the source of previously reported production targets for NAL Upstream, Authier, Carolina Lithium, and Moblan, which are underpinned by the Mineral Resource and Ore Reserve Estimates in ASX release dated 19 November 2024 titled “Proposed Merger & Equity Financing Presentation” on pages 35 – 38

2. Projects listed in alphabetical order

3. Moblan equity interest shown to be 60%

4. Production target over life-of-mine of 190ktpa spodumene concentrate. Target annual production for first four years until start of downstream production is 226ktpa. Refer to Sayona ASX announcement released on 14 April 2023

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FY24 Highlights

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North American Lithium nearing steady state production after only 17 months

Production Financial Corporate 155,822 $201M Audit and Risk Committee formed DRY METRIC TONNES Production Revenue Nomination and Remuneration 19,314 $104M Committee formed DRY METRIC TONNES Record Monthly Production Cash at 30 September 2024

93.1Mt[1] RESOURCE MOBLAN

30,000[2] METRES DRILLING COMPLETE NAL

87.9Mt[1] RESOURCE NAL

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Lucas Dow appointed as NED and then as MD and CEO Dougal Elder appointed as CFO

Philip Lucas and Laurie Lefcourt[3] appointed as NEDs

70,000[2] METRES DRILLING UNDERWAY MOBLAN

Notes

1 Released post end of FY24, refer to ASX Announcement on 27 August 2024 and slide 24. 2 Funded by Flow Through Share funding as allowed under the Income Tax Act (Canada). 3 Appointed 16 October 2024

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Operational Performance

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NAL Operational Performance

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Delivering significant QoQ production increase​

NAL Global Recovery and Mill Utilisation to 30 September 2024

NAL Concentrate Production and Unit Operating Costs to 30 September 2024

• Production restart and maiden shipments within 2 years of NAL acquisition​

• Significant increase in ore mined, combined with higher grades delivered to plant due to increased blasting efficiencies and dilution management​

• Continued focus on improving process plant utilisation and plant stability​

• Shipments to customers continuing with improvements in logistics costs identified​

• Continued focus on safety improvement in FY25

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100% 80,000
91% 1,536 1,506 1600
90% 70,000 1,397
83% 1,335 1400
1,231
60,000
80% 75% 52,141 1200
71% 72% 73% 49,660
50,000
1000
70%
40,439
40,000
67% 68% 67% 34,237 800
60% 62% 29,610 31,486
30,000
51% 58% 600
57%
50%
20,000 400
40% 43% 10,000 200
3,510
30% 0 0
Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25
Global recovery (%) Mill utilisation (%) Concentrate production (dmt) Unit Operating Costs (A$/dmt sold)
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North American Lithium

51% increase in Mineral Resource to 88Mt

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Excellent conversion to reserves expected 82% in M&I category

JORC Measured, Indicated and Inferred Resource

87.9Mt @ 1.13% Li2O¹

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Contained lithium Up 39%

Additional drilling Further 30,000m complete[2]

Notes

• 1 Refer to ASX Announcement on 27 August 2024 (at 0.60% cut-off grade) and slide 24. 2 Funded through Flow Through Share funding as allowed under the Income Tax Act (Canada).

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2412
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Moblan Lithium Project 81% upgrade in Mineral Resource to 93Mt

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JORC Measured, Indicated and Inferred Resource

Easily accessible resource High grade, low strip ratio, and high Li2O recovery

93.1Mt @ 1.21% Li2O¹ 70% in M&I category

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Excellent access

Close to, and well-serviced by, key infrastructure and transport nodes

to high growth EV and battery markets across North America

Such as roads, railroads, and power lines - enabling year-round access

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Notes

1 Refer to ASX Announcement on 27 August 2024 (at 0.55% cut-off grade) and slide 24.

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Strategy Update

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Our Strategy

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Clear pathway to building the next major, global lithium company

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01 Optimise operations

Ramp up production at NAL to sustainably optimise production and maximise returns and cashflow generation

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02 Expand resource base

Expand known mineral resources through drilling programs at NAL and Moblan and continue value accretive exploration in Québec and Western Australia

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03 Develop assets

Deliver portfolio potential through the development of upstream assets and pursue value accretive growth options

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04 Integrate downstream

Evaluate and secure opportunities for downstream integration into higher value lithium carbonate and lithium hydroxide production

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05

Explore strategic partnerships

To lock in demand, access-end markets, establish a vertically integrated supply chain, and fund the accelerated development of the Company with strict cash flow management

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An opportune time to invest in Lithium

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Lithium remains a key cornerstone material for the global energy transition

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Countercyclical investment, lithium price significantly down from highs with forecast LT pricing upside Highly attractive long-term fundamentals with >10% demand CAGR to 2040 / with supply deficits anticipated by 2030 Low price environment increasing risk to future supply, with announced supply reductions and project delays Increasing importance of project location—strategic benefits from IRA and proximity to key downstream partners

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Source: Benchmark Mineral Intelligence (BMI) supply and demand forecast as of September 2024

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Spodumene Prices Have Recovered from Recent Lows; Lithium Hydroxide Futures Remain in Contango

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6% Lithium Oxide Spodumene Concentrate Spot Price (US$/t)[(1)]

CME Lithium Hydroxide CIF Futures (US$/t)[(2)]

Spodumene Concentrate prices have recovered from multi-year lows as industry responds to supply curtailments and project delays

Lithium Hydroxide futures market is in contango reflecting optimistic sentiment

Resilient demand growth from EVs and ESS driving downstream inventory destocking

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NOVEMBER 14 SPOT
US$865/t
$880 15%
$840 10%
$800 5%
$760 0%
$720 -5%
$680 -10%
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MergeCo can hedge future deliveries against the curve to improve price realisations and limit downside exposure

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$15,500 80%
$14,500 70%
60%
$13,500
50%
$12,500
40%
$11,500
30%
$10,500
20%
NOVEMBER 14 SPOT
$9,500 US$8,500/t 10%
$8,500 0%
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1. Fastmarkets pricing as of November 14, 2024

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1. Chicago Mercantile Exchange settlements as of November 14, 2024

Significant Margin Fluctuation over the Last Cycle but Expect More Consistency in the Long Term

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Key Observations

Refining vs Mine Margin[(1)(2)(3)]

% of LiOH Price

Industry and supply-chains, particularly outside of China, are still being established

Over the past few years, there have been three distinct periods of volatility and margin transfer between the various parts of the value-chain

• 01 While spodumene prices rebounded strongly over for following 2 years capturing a greater share of the overall margin, investors and the market remained focused on downstream integration

• 02 Over the last 12 months, volatility and margin compression have been experienced across the board while downstream production outside of China / Asia has proven challenging both from a capex and importantly from a technical perspective (e.g. Albemarle / Tianqi curtailments / issues in Australia)

• 03 Miners experienced margin transfer to refiners over 2019 -2021 which led to an under-investment in mining and a greater focus on downstream integration

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80%
Mine Margin greater than Refinery Margin
60%
40%
20%
-
(20%)
(40%)
Refinery Margin greater than Mine Margin
(60%)
Aug-20 Aug-21 Aug-22 Aug-23 Aug-24
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Notes

• 1 Mine Margin calculated as (Spodumene Price – Spodumene AISC) / Spodumene Price; Spodumene converted to hydroxide using a conversion factor of 0.14, which assumes an 85% recovery rate for the conversion of spodumene to hydroxide 2 Refinery Margin calculated as (Hydroxide Price – Conversion AISC – Mine Margin – Spodumene AISC) / Hydroxide Price

• 3 Spodumene and conversion AISC based on Wood Mackenzie’s estimated weighted average cost by year

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FY25 Guidance

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FY25 Guidance[5]

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Spodumene Spodumene Unit Operating Capital Exploration
Concentrate Production Concentrate Sales Costs [(1,4)] Expenditure [(1,2)] Expenditure [(1,3)]
190,000- 200,000- A$1,150- ~A$20M ~A$30M
210,000 230,000 A$1,300
DRY METRIC TONNES DRY METRIC TONNES PER DRY METRIC TONNE
SC 5.4% product grade SC 5.4% product grade SC 5.4% product grade Group capital expenditure Relates to utilisation of
relates predominantly to Flow Through Share
100% NAL production 100% NAL sales 100% NAL unit
sustaining capital projects funding which must be
operating costs at NAL spent on Quebec lithium
FY25 production guidance Approximately two thirds
assumes NAL achieves (67%) of concentrate sales A$ / dmt sold, FOB Port projects by end of 2024
steady state production will be sold by NAL to of Québec
levels in FY25 Piedmont Lithium under the
Unit operating costs reflect
offtake agreement in FY25
achievement of steady
state production levels
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Notes

• 1 Guidance assumes average annual foreign exchange rates of AUD:CAD 0.91 and AUD:USD 0.667.

• 2 Capital expenditure guidance excludes movements in capital creditors which amounted to A$3 million as at 30 June 2024.

• 3 Exploration expenditure guidance excludes movements in exploration creditors which amounted to A$7 million as at 30 June 2024.

• 4 Unit operating cost is calculated on an accruals basis and includes mining, processing, transport, port charges, site-based general and administration costs and cash based inventory movements, and excludes depreciation and amortisation charges, freight and royalties. It is reported in A$ / dmt sold, FOB Port of Québec. 5 Guidance published in ASX release 30 August 2024 is based on assumptions, budgets and estimates existing at the time of assessment which may change over time impacting the accuracy of those estimates. These estimates are developed in the context of an uncertain operating environment including in respect of inflationary macroeconomic conditions, incomplete engineering and uncertainties surrounding the risks associated with mining and project development including construction, commissioning and ramp up which may delay or impact production and have a flow on effect on sales. Actual results may therefore vary significantly depending on these risks and the timing required to address them. The information is provided as an indicative guide to assist sophisticated investors with modelling of the Company. It should not be relied upon as a predictor of future performance.

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Our Strategy in action – next 18 months

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Clear pathway and actions to building the next major, global lithium company

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01 Optimise operations

Ramp up production at NAL to sustainably optimise production and maximise returns and cashflow generation

Improve safety and environmental performance

Mine cost reduction

Continued mill utilisation and throughput improvement

Recovery optimisation

Logistics cost reduction

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02

Expand resource base

Expand known mineral resources through drilling programs at NAL and Moblan and continue value accretive exploration in Québec and Western Australia

Complete planned drilling

programs at NAL and Moblan (flow through funding); and

Execute modest program in Western Australia— focus on Tabba Tabba

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03 Develop assets

Deliver portfolio potential through the development of upstream assets and pursue value accretive growth options

Revisit Moblan DFS with

focus on benefits of increased reserve base, capital intensity and sizing

Advance Moblan approvals and permitting (~5 year lead time)

Evaluate NAL expansion options based on materially expanded resource base

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04 Integrate downstream

Evaluate and secure opportunities for downstream integration into higher value lithium carbonate and lithium hydroxide production

Selection of suitable downstream technical partner/s

Evaluate participation opportunities to leverage existing downstream facilities / projects

05 Explore strategic partnerships

To lock in demand, accessend markets, establish a vertically integrated supply chain, and fund the accelerated development of the Company with strict cash flow management

Identify partnership options to drive downstream development; and

Options to enable development pathways for Moblan greenfield and NAL brownfield expansion

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06

Complete merger with Piedmont

Successfully complete merger with Piedmont with secondary listing on Nasdaq

Complete capital raise with RCF upon merger approval

Target to offer Share Purchase Plan to eligible shareholders

Complete organisational integration with Piedmont

Achieve targeted MergeCo synergies

Progress MergeCo growth pipeline with focus on a potentially highly value accretive NAL brownfield expansion

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Connect with us.

Sayona Mining Limited

ACN 091 951 978 ASX:SYAOTCQB:SYAXF Level 28, 10 Eagle Street Brisbane, Queensland, 4000 Australia info@sayonamining.com.au sayonamining.com.au +61 (7) 3369 7058

@SayonaMining

Supporting data: Leading Hard Rock Resource Base Totalling 205Mt

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Asset Company Country / Region Category Reporting Code Source Date	Mineral Resource (2)(5)	Mineral Resource (2)(5)	Mineral Resource (2)(5)	Mineral Resource (2)(5)	Jurisdictional Risk Score( 3)
	**Measured(Mt) Li2O (%) **	Indicated(Mt) **Li2O (%) **	Total M+I(Mt) Li2O (%)	Inferred(Mt) Li2O (%)
Kings Mountain Albemarle (100%) North Carolina, US Non-operating S-K 1300 Albemarle Corporation 10-K (2023) 31-Dec-23 Greenbushes Albemarle (49%); IGO (25%); Tianqi (25%) Western Australia, Australia Operating JORC Company filling (Greenbushes CY23 Resources and Reserves) 19-Feb-24 Galaxy (James Bay) Rio Tinto (100%)(1) Quebec, Canada Non-operating S-K 1300 Company filling (SEC Technical Report Summary James Bay Lithium) 30-Oct-23 Whabouchi Rio Tinto (50%)(1); IQ (50%) Quebec, Canada Non-operating S-K 1300 Aracdium Lithium 10-K (2023) 31-Dec-23 Mt Cattlin Rio Tinto (100%)(1) Western Australia, Australia Operating S-K 1300 Aracdium Lithium 10-K (2023) 31-Dec-23 Ewoyaa Piedmont (40.5%); Atlantic Lithium (40.5%); Govt. of Ghana (13%); MIIF (6%) Ghana Non-operating JORC Atlantic Lithium Investor Presentation (September 2024) 3-Sep-24 Finniss Core Lithium (100%) Northern Territory, AustraliaNon-operating JORC Core Lithium Annual Report (2024) 27-Sep-24 PAK Frontier Lithium (92.5%); Mitsubishi (7.5%) Ontario, Canada Non-operating NI 43-101 Company filing (NI 43-101 Technical Report) 14-Jul-23 Manna Global Lithium (100%) Western Australia, Australia Non-operating JORC Company filing (43% Increase in Manna Lithium Deposit Mineral Resource to 51.6Mt @ 1.0% Li2O) 12-Jun-24 Salinas Pilbara Minerals (100%)(3) Brazil Non-operating JORC Company filing (Colina Lithium deposit MRE upgrade) 30-May-24 Kathleen Valley Liontown (100%) Western Australia, Australia Non-operating JORC Company filing (Kathleen Valley DFS confirms Tier-1 global lithium project ) 11-Nov-23 Buldania Liontown (100%) Western Australia, Australia Non-operating JORC Company website (Mineral Resources, Reserves and CP Statement) 21-Apr-21 Itinga (Bandeira & Outro Lado) Lithium Ionic (100%) Brazil Non-operating NI 43-101 Bandeira Feasibility Study / Company filling (Lithium Ionic Announces Maiden Mineral Resource Estimate at its Itinga Project) 11-Jul- 2024 / 27- Jun-23 Salinas Lithium Ionic (100%) Brazil Non-operating NI 43-101 Company filling (Lithium Ionic Announces Maiden Mineral Resource Estimate) 4-Apr-24 Mt Marion MinRes (50%); Ganfeng (50%) Western Australia, Australia Non-operating JORC Company filling (Mt Marion underground Mineral Resource update / Mineral Resources and Ore Reserves update) 21-Feb-24 / 22-Sep- 23 Wodgina MinRes (50%); Albemarle (50%)Western Australia, Australia Non-operating JORC Company filing (Mineral Resources and Ore Reserves update) 22-Sep-23 Bald Hill MinRes (100%) Western Australia, Australia Non-operating JORC Company filing (Bald Hill Operations and Mineral Resources Update / ) 13-Nov-24 / 6-Jun-18 Shaakichiuwaanann Patriot Battery Metals (100%) Quebec, Canada Non-operating NI 43-101 Company website (Significant Mineral Resource Upgrade at Shaakichiuwaanaan Lithium Project to Underpin Impending PEA) 5-Aug-24 Carolina Piedmont (100%) North Carolina, US Non-operating S-K 1300 Piedmont Lithium 10-K (2023) 31-Dec-23 North American Lithium Sayona (75%); Piedmont (25%) Quebec, Canada Non-operating JORC Company filing (North American Lithium Mineral Resource increases 51% to 88Mt / Sayona Mining Annual Report) 27-Aug-24 / 30-Aug- 24 Authier Sayona (75%); Piedmont (25%) Quebec, Canada Non-operating JORC Company filing (Definitive Feasibility Study Confirms NAL Value With A$2.2B NPV) 14-Apr-23 Pilgangoora Pilbara Minerals (100%) Western Australia, Australia Non-operating JORC Pilbara Minerals Annual Report (2024) 26-Aug-24 Moblan Sayona (60%); IQ (40%) Quebec, Canada Non-operating JORC Company filing (Moblan Mineral Resource increases 81% to 93Mt / Moblan Lithium Project Definitive Feasibility Study) 27-Aug-24 / 20-Feb- 24 Grota do Cirilo Sigma (100%) Brazil Non-operating NI 43-101 Company filing (NI 43-101 Technical Report) 18-Jan-24 Mt Holland SQM (50%); Wesfarmers (50%) Western Australia, Australia Non-operating S-K 1300 SQM 20-F (2023) 31-Dec-23 Adina Winsome Resources (100%) Quebec, Canada Non-operating JORC Company filing (Adina Mineral Resource increases 33% to 78Mt at 1.15% Li2O) 28-May-24 Mibra AMG (100%) Brazil Operating NI 43-101 Company filing (AMG Advanced Metallurgical Group N.V. Announces Increased Lithium and Tantalum Mineral Resources at Mibra Mine) 3-Apr-17 Rose Critical Elements (100%) Ontario, Canada Non-operating NI 43-101 Company filing (Rose Lithium-Tantalum Project Feasibility Study) 11-Oct-23 Separation Rapids Avalon Advanced Materials (40%); Sibelco (60%) Ontario, Canada Non-operating NI 43-101 Company filing (Avalon announces a substantive 20% increase in deposit size at its flagship Separation Rapids joint-venture lithium project) 10-Aug-23 GeorgiaLake RockTech(100%) Ontario, Canada Non-operating NI 43-101 Companyfiling (GeorgiaLakePreFeasibility Study) 11-Oct-22	- - 0.7 3.0% - - 10.4 1.4% 0.3 0.9% 3.7 1.4% 6.3 1.4% 1.3 2.1% - - 28.6 1.3% 20.0 1.3% - - 6.0 1.4% 1.1 1.2% - - - - - - - - - - 0.9 1.1% 6.0 1.0% 16.5 1.3% 6.0 1.5% 45.2 1.4% 48.4 1.6% - - 3.4 1.0% - - 4.3 1.3% - -	46.8 1.4% 397.0 1.5% 55.3 1.3% 35.4 1.4% 12.0 1.5% 26.1 1.2% 21.6 1.3% 24.2 1.6% 32.9 1.0% 38.6 1.2% 109.0 1.4% 9.1 1.0% 17.9 1.3% 4.8 1.1% 54.7 1.4% 182.1 1.2% 17.2 0.9% 80.1 1.4% 28.2 1.1% 71.1 1.1% 8.1 1.0% 314.4 1.2% 59.1 1.2% 49.1 1.4% 123.4 1.5% 61.4 1.1% 16.9 1.1% 30.6 0.9% 5.8 1.4% 10.6 0.9%	46.8 1.4% 397.7 1.5% 55.3 1.3% 45.8 1.4% 12.2 1.5% 29.8 1.3% 27.9 1.3% 25.5 1.7% 32.9 1.0% 67.3 1.3% 129.0 1.4% 9.1 1.0% 23.9 1.4% 5.9 1.1% 54.7 1.4% 182.1 1.2% 17.2 0.9% 80.1 1.4% 28.2 1.1% 72.0 1.1% 14.1 1.0% 330.9 1.2% 65.1 1.2% 94.3 1.4% 171.8 1.5% 61.4 1.1% 20.3 1.1% 30.6 0.9% 10.1 1.3% 10.6 0.9%	42.9 1.1% 49.0 1.1% 55.9 1.3% 8.2 1.3% 0.6 1.1% 7.0 1.2% 20.3 1.2% 32.4 1.4% 18.7 0.9% 10.4 0.9% 27.0 1.3% 5.9 1.0% 17.3 1.4% 8.9 1.0% 11.4 1.1% 35.3 1.2% 40.9 1.0% 62.5 1.3% 15.9 1.0% 15.8 1.1% 2.9 1.0% 76.6 1.1% 28.0 1.1% 14.6 1.4% 7.0 1.4% 16.5 1.2% 4.2 1.0% 2.4 0.8% 2.8 1.4% 4.2 1.0%	79.8 84.1 91.1 91.1 84.1 45.9 79.3 86.0 84.1 60.7 84.1 84.1 60.7 60.7 84.1 84.1 84.1 91.1 79.8 91.1 91.1 84.1 91.1 60.7 84.1 91.1 60.7 91.1 86.0 86.0

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Sayona Mineral Resources (100% basis)

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Asset	Classification	Tonnage(1) (Mt)	Grade (% Li2O)	Contained Metal (kt Li2O)	Contained LCE kt
NAL (Sayona 75% equity)(2)	Measured 0.9 1.11% 10 25
	Indicated 71.1 1.14% 811 2,004
	M+I 72.1 1.14% 821 2,029
	Inferred 15.8 1.05% 166 410
Authier (Sayona 75% equity)(3)	Measured 6.0 0.98% 59 145
	Indicated 8.1 1.03% 83 206
	M+I 14.1 1.01% 142 351
	Inferred 2.9 1.00% 29 72
Moblan (Sayona 60% equity)(4)	Measured 6.0 1.53% 92 227
	Indicated 59.1 1.22% 721 1,783
	M+I 65.1 1.25% 813 2,010
	Inferred 28.0 1.14% 319 789

1. All resource figures shown on 100% basis. Mineral Resources are reported inclusive of ore reserves. All Mineral Resource estimates are reported in accordance with the JORC Code

2. Updated JORC Mineral Resource Estimate, refer to Sayona’s ASX announcement titled “North American Lithium Resource increases 51% to 88Mt” released on 27 August 2024

3. North American Lithium DFS, refer to Sayona’s ASX announcement titled “DFS Confirms NAL Value With A$2.2B NPV” released on 14 April 2023

4. Updated JORC Mineral Resource Estimate, refer to Sayona’s ASX announcement titled “Moblan Mineral Resource increases 81% to 93Mt” released on 27 August 2024

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