INFINITY METALS LIMITED — Investor Presentation 2021

Sep 8, 2021

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INFINITY TO PRESENT AT NEW WORLD METALS CONFERENCE

Infinity Lithium Corporation Limited (‘ Infinity ’, or ‘ the Company ’) is pleased to advise shareholders and investors that the Company will be presenting as part of the New World Metals Conference at the Hyatt Regency Hotel, Perth on Thursday 9 September 2021.

The New World Metals Conference

Date: 9 September 2021 Time: 1:45pm AWST / 3:45pm AEST Presented by: Ryan Parkin, CEO and Managing Director

Registration details can be found at the New World Metals Conference website. Please refer to the Investor Presentation: Powering A Sustainable European Future as attached.

The announcement and attaching Presentation were authorised by the Managing Director. For further details please contact:

ASX Release 9 September 2021 ASX: INF FRA: 3PM

Project highlights

2[nd] Largest JORC hard rock lithium deposit in the EU

Strategically located in Spain, Europe to be the 2[nd] largest market for battery grade lithium after China

1st lithium project to secure EIT InnoEnergy Funding

Uniquely fully integrated project with mine and adjacent conversion plant

Low carbon footprint and sustainable operation

Corporate Directory

Ryan Parkin Lucas Robinson CEO, Managing Director Investor Relations Manager T: +61 (8) 6146 5325 T: +61 (0)408 228 889 E: rparkin@infinitylithium.com E: lrobinson@infinitylithium.com

Ryan Parkin Managing Director & CEO

Adrian Byass Non-Executive Chairman

Remy Welschinger Executive Director

Jon Starink Executive Director

Contact

Level 3, 22 Railway Road Subiaco WA 6008

T: +61 (8) 6146 5325 E:admin@infinitylithium.com W: www.infinitylithium.com W: www.sanjosevaldeflorez.es

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Infinity Lithium Corporation Limited ACN 147 413 956

ASX: INF | FRA: 3PM

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POWERING A SUSTAINABLE EUROPEAN FUTURE INVESTOR PRESENTATION NEW WORLD METALS | 9 SEPTEMBER 2021 | WESTERN AUSTRALIA

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DISCLAIMER

For Consideration

This presentation has been prepared by Infinity Lithium Corporation Limited “Infinity Lithium”. This document contains background information about Infinity Lithium current at the date of this presentation. The presentation is in summary form and does not purport to be all inclusive or complete. Recipients should conduct their own investigations and perform their own analysis in order to satisfy themselves as to the accuracy and completeness of the information, statements and opinions contained in this presentation.

This presentation is for information purposes only. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sales of shares in any jurisdiction.

This presentation does not constitute investment advice and has been prepared without taking into account the recipient’s investment objectives, financial circumstances or particular needs and the opinions and recommendations in this presentation are not intended to represent recommendations of particular investments to particular persons. Recipients should seek professional advice when deciding if an investment is appropriate. All securities involve risks which include (among others) the risk of adverse or unanticipated market, financial or political developments.

To the fullest extent permitted by law, Infinity Lithium, its officers, employees, agents and advisors do not make any representation or warranty, express or implied, as to the currency, accuracy, reliability or completeness of any information, statements, opinions, estimates, forecasts or other representations contained in this presentation. No responsibility for any errors or omissions from this presentation arising out of negligence or otherwise are accepted.

This presentation may include forward-looking statements. Forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions which are outside the control of Infinity Lithium. Actual values, results or events may be materially different to those expressed or implied in this presentation. Given these uncertainties, recipients are cautioned not to place reliance on forward looking statements. Any forward looking statements in this presentation speak only at the date of issue of this presentation. Subject to any continuing obligations under applicable law, Infinity Lithium does not undertaken any obligation to update or revise any information or any of the forward looking statements in this presentation or any changes in events, conditions, or circumstances on which any such forward looking statement is based.

Competent Persons Statement

The information in this report that relates to Exploration Targets and Mineral Resources is based on the information compiled by Mr Patrick Adams, of Cube Consulting Pty Ltd (Perth). Mr Adams has sufficient relevant professional experience with open pit and underground mining, exploration and development of mineral deposits similar 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 as defined in the 2012 Edition of JORC Code He has visited the project area and observed drilling, logging and sampling techniques used by Infinity Lithium in collection of data used in the preparation of this report. Mr Adams is an employee of Cube Consulting Pty Ltd and consents to be named in this release and the report as it is presented.

The information in this report that relates to Exploration Results is based on the information compiled or reviewed by Mr Adrian Byass, B.Sc Hons (Geol), B.Econ, FSEG, MAIG and an employee of Infinity Lithium. Mr Byass has sufficient experience 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 as defined in the 2012 Edition of the JORC Code. Mr Byass consents to the inclusion in the report of the matters based on this information in the form and context in which it appears.

Pre-Feasibility Study – Cautionary Statement

The Study referred to in this announcement is a preliminary technical and economic investigation of the potential viability of the San José Lithium Project. It is based on low accuracy technical and economic assessments, (+/- 25% accuracy) however is sufficient to support estimation of Ore Reserves or to provide assurance of an economic development case at this stage; or to provide certainty that the conclusions of the Study will be realised. Infinity is in Joint Venture (‘JV’) with Valoriza Mineria SA, a subsidiary of SACYR S.A. Infinity have independently engaged the services of Wave International Pty Ltd (‘Wave’) to assess the technical and economic viability with regards to producing battery grade lithium hydroxide under the San José Lithium Project. Whilst the Pre-Feasibility Study has yielded robust outcomes and provided independent perspective on the opportunity to produce battery grade lithium hydroxide, there is no guarantee that the JV will choose to adopt the outcomes of the study.

The Production Target referred to in this presentation is based on 100% Probable Reserves for the life of mine life covered under the Study. In accordance with the thirty (30) year mine plan incorporated into the Study, the first three (3) years of production (covering payback period) will come 100% from Probable Reserves.

The Study is based on the material assumptions outlined below and include assumptions about the availability of funding. While the Company considers all the material assumptions to be based on reasonable grounds, there is no certainty that they will prove to be correct or that the range of outcomes indicated by the Study will be achieved. To achieve the potential mine development outcomes indicated in the Study, additional funding will be required. Investors should note that there is no certainty that the Company will be able to raise funding when needed however the Company has concluded it has a reasonable basis for providing the forward looking statements included in this announcement and believes that it has a “reasonable basis” to expect it will be able to fund the development of the San José lithium deposit.

To achieve the outcomes indicated in this Study, initial funding in the order of US$309m (which includes a 15.3% contingency) will likely be required, and US$318m (including a 15.3% contingency) over the life of the Project. Investors should note that there is no certainty that Infinity will be able to raise funding when needed. Infinity holds a total of 75% interest in the San Jose Lithium Project, with Valoriza Mineria holding the balance of 25% interest. It is also possible that Infinity can pursue a range of funding strategies to provide funding options. It is also possible that such funding may only be available on terms that may be dilutive to or otherwise affect the value of Infinity’s existing shares. It is also possible that Infinity could pursue other value realisation strategies such as sale, partial sale, or joint venture of the Project. If it does, this could materially reduce Infinity’s proportionate ownership of the Project. Given the uncertainties involved, investors should not make any investment decisions based solely on the results of this Pre-Feasibility Study.

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Infinity Lithium Corporation Limited

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INFINITY LITHIUM CORPORATION: SAN JOSÉ LITHIUM PROJECT

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Infinity Lithium Corporation Limited

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INFINITY BOARD & MANAGEMENT

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ASX: INF
BOARD MANAGEMENT TEAM
CORPORATE INFORMATION
Shares on issue ~ 402.9m [(1)]
Options, SARS ~ 114.5m [(1)]
Share price [(1)] A$0.096 [(2)]
David Valls
Adrian Byass Ryan Parkin Market Cap [(2)] A$38.7m [(3)] Jonathan Whyte
Non Executive CEO & Managing CFO & Company General Manager
Chairman Director Cash [(3) (Debt: nil)] A$19.1m [(4)] Secretary Spain
Jon Starink Remy Welschinger Source: Lucas Robinson Dr David Maree
(1) ASX:INF Appendix 3G 10 August 2021
Chief Technical Officer Head of Corporate (2) ASX:INF Share price 8 September 2021 Investor Relations Technical Advisory
& Technical Advisory Development (3)(4) Undiluted market capitalisation 8 September 2021ASX:INF Quarterly Cashflow Report 29 July 2021 Manager Committee
Committee
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Infinity Lithium Corporation Limited

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EU: LITHIUM DEMAND DRIVERS

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Regulations Targeting Emissions
Net zero carbon 2050
Sustainable Battery Regulations
Battery passport & CO2 footprint
EU to develop LiB value chain
Global leading uptake of EVs
COVID recovery & resilience funding
Unprecedented financial support - Spain 1 [st]
mover
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Infinity Lithium Corporation Limited

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EU: LITHIUM DEMAND

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EU LCE Demand from EVs [(1)]
700 >1,000GWh [(2)] 70%
LiB Gigafactories
600 forecast by 2030 60%
500 50%
LCE 400 40%
300 30%
200 20%
100 10%
0 0%
2020a 2021e 2022e 2023e 2024e 2025e 2026e 2027e 2028e 2029e 2030e
LCE Demand EV Penetration Rate
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Source:

(1) Canaccord Genuity August 2021

(2) Refer to Appendix 2 EU GIGAFACTORY PROJECTIONS

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Infinity Lithium Corporation Limited

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AUTOMAKERS AND BATTERY PRODUCERS NEED SUPPLY CHAIN CERTAINTY

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OFFTAKE MOU LG ENERGY SOLUTION Global leading LiB manufacturer

Memorandum Of Understanding

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STRATEGIC INVESTMENT IN MATERIALS Flagged by multiple European automakers

June 2021

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SECURING EU’s TRANSITION What’s next for the EU supply chain & Spain to secure the transition to eMobility?

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Infinity Lithium Corporation Limited

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SAN JOSÉ LITHIUM PROJECT: CRITICAL RAW MATERIALS & PROCESSING

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Large hard rock JORC resource Lithium bearing mica Low strip ratio Open at depth and long strike

Low CO 2 footprint – no transport costs Dry stacked tailings

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Conventional process application with innovative roast & leach Dual Process Optionality Assessment Scale up potential

Low CO2 footprint – close to EU end markets Strategically important to secure LiB value chain

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Separator Anode Electrolyte CATHODE PRODUCTION Urgent EU response required to meet LiB capacity in EU Lithium chemical segments applied to different technologies Lower range EVs: Li2CO32CO3CO33 Mid to high range EVs: LiOH

GIGA-FACTORIES LiB PRODUCTION

Urgent EU response required to OEMs reaching decision point meet LiB capacity in EU Enormous demand for battery Lithium chemical segments materials applied to different technologies Cost and control of LiBs Lower range EVs: Li2CO32CO3CO33 essential for auto makers Mid to high range EVs: LiOH EU will require both products – Localised supply chains – risk dependent on strategic partners, management and sustainable and secure supply sustainability requirements

PFS completed in August 2019 | Nearing completion of tradeoff studies – commenced early 2021

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Infinity Lithium Corporation Limited

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SAN JOSÉ LITHIUM PROJECT: RAW MATERIAL EXTRACTION

EU 2[nd] LARGEST HARD ROCK LITHIUM RESOURCE

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RL
A A’
+700m
600m
400m
Long strike: Long strike:
Open Open
200m
Open @ 452m Open @ 359m
0m Depth:
39m @1.2% Li2O 192m @1.0% Li2O
Open
2m @1.1% Li2O 18m @0.9% Li2O
8m @ 1.0% Li2O 11m @ 0.8% Li2O
Indicated Inferred
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Open in multiple directions Not drill constrained Extensive exploration upside remains San José

JORC Resource: 111.3MT Brownfield tin mine – underground infrastructure remains Drilling 1980/90s – Tolsa SL Drilling 2017 – Infinity 56 mineralized drill holes +11,700m Potential to rehabilitate existing adjacent quarry

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Infinity Lithium Corporation Limited

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SAN JOSÉ LITHIUM PROJECT: LITHIUM CHEMICALS PROCESSING

REDUCING CO 2 FOOTPRINT ESSENTIAL FOR EU

• ROAST LEACH LITHIUM HYDROMET LITHIUM SULPHATE Conversion 79.6% HYDROXIDE

• Sulphate Water Purified Liquor Crystallization 15ktpa[(1)] Purification Recycle:

• Sulphate & Water

• • Lithium mica bearing ore processed on site Process development:

• • • Sulphate roast and water leach – greener Test work progressing with Dorfer Anzaplan •

• alternative to traditional hard rock conversion Production of battery grade lithium chemicals

• • Reagents readily available in the EU

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(1) PFS ASX Announcement: Average 1[st] 10 years of production

Infinity Lithium Corporation Limited

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SAN JOSÉ LITHIUM PROJECT

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Gas pipeline

Renewable energy

Major Highway

Existing Quarry

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FULLY INTEGRATED

from resource to value added battery grade lithium chemicals

LITHIUM RESOURCE

LITHIUM CHEMICAL CONVERSION PLANT

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ESG

OVERVIEW: SUSTAINABILITY AND CARBON FOOTPRINT ESSENTIAL IN EU MARKET

• Low strip ratio

• Sulphate roast and water leach

  • Close to end markets

• No shipping of feedstock

• Low transport CO2 footprint – processing on site

• Dry stack tailings

• Tailings potential to rehabilitate existing quarry

• Recycling of key inputs – sulphate and water

• Low transport CO2 footprint – EU sourced reagents

• Majority dry stack tailings – rehabilitation

• Project will generate long term & skilled employment in the locality of Caceres

• Renewable energy – Extremadura (electricity)

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Infinity Lithium Corporation Limited

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EU & SPAIN FUNDING

Spain in the 2[nd] largest automaker in Europe Must adapt to build new value chain to protect essential industry

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Current

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Target

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Prime Minister Pedro Sanchez:

"The government firmly believes in the industrial potential of our country to face this challenge, which will affect the entire production chain, from the extraction of raw materials such as lithium ... in short, the automotive industry is going to receive public support throughout the manufacturing process".

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Infinity Lithium Corporation Limited

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INFINITY LITHIUM

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San José: Infinity Lithium:
• •
Infinity maintains 75% ownership interest MoU with LG Energy Solutions for offtake
and clear options to 100%
•
Advancing discussions with major potential
•
Advancing permitting with the view to strategic stakeholders in country and major
lodge mining and environmental EU LiB producers and OEMs
applications in 2022
•
Strategically essential project for the critical
•
Progressing technical capabilities aligned supply of battery grade lithium chemicals
to EU strategic needs – test work for Europe and Spain
advancing with Dorfer Anzaplan to produce
•
Responding to an evolving EU LiB market –
battery grade lithium chemicals
ESG positive and optionality studies
underway
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Infinity Lithium Corporation Limited

CONTACT US

AUSTRALIA

Unit 32, Level 3, 22 Railway Road Subiaco, 6008 Western Australia

SPAIN

Caceres Extremadura Mining S.L. Calle Juan de la Cierva n 18 Cáceres. Spain

T: +61 (0)8 6146 5325 E: admin@infinitylithium.com

T: +34 927 208 134 E: admin@extremaduramining.com

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APPENDIX

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APPENDIX 1: RESOURCE

Parameter	Parameter	Amount Mt Li% Li2O (%) Sn ppm	Amount Mt Li% Li2O (%) Sn ppm	Amount Mt Li% Li2O (%) Sn ppm	Amount Mt Li% Li2O (%) Sn ppm	Amount Mt Li% Li2O (%) Sn ppm
Resource:
Indicated			59.0	0.29%	0.63	217
Inferred			52.2	0.27%	0.59	193
TOTAL			111.3	0.28%	0.61	206

Estimated using Ordinary Kriging methodology.

Note:

Small discrepancies may occur due to rounding.

JORC Table 1 included in an announcement to the ASX released on 23 May 2018: “Lithium Resource and Open Pit Upgrade”. Infinity confirms that it is not aware of any new information or data that materially affects the information included in this announcement and that all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement. Lithium (Li) mineralisation is commonly expressed as either lithium oxide (Li2O) or lithium carbonate (Li2CO3) or Lithium Carbonate Equivalent (LCE). Lithium Conversion: 1.0% Li = 2.153% Li2O

1.0% Li = 5.32% Li2CO3

1.0% Li2CO3 = 0.880% LiOH.H20

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APPENDIX 2: EU GIGAFACTORY PROJECTIONS

Norway Σ>70 GWh/a 40 8 (32) tba

UK Ƹ~55 GWh/a 10 (30) 1.9/9/25) 2

Germany Ƹ~125 GWh/a 14 (up to 100) up to 50 16 (40) ACC (Stellantis/Saft) 8 (32) 24 France Ƹ~125 GWh/a 16 16 (50) 8 (32) 1.5 (6) 1.5-3[1)] 24 (43) 1 (2.5)

Location tba Σ>240 GWh/a Volkswagen (160) Northvolt & Volvo up to 50 BYD (34) CALB tba

Sweden Σ 40 GWh/a 32 (40)

Poland Σ 65 GWh/a 15 (65)

Slovakia Σ 10 GWh/a 10 Hungary Σ 50 GWh/a 7.5 (18) 2.5 (30) tba

Italy Σ~100 GWh/a 70 37 2.5

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Infinity Lithium Corporation Limited

Source: Infinity Lithium and Roland Berger July 2021

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APPENDIX 3: GLOBAL DEMAND & SUPPLY FORECASTS

LCE Demand

LCE Supply

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Infinity Lithium Corporation Limited

Source: Canaccord Genuity August 2021