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LAKE RESOURCES N.L. Investor Presentation 2017

Nov 29, 2017

65240_rns_2017-11-29_4488ba24-8714-4dfc-90e0-2691a0299eae.pdf

Investor Presentation

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LAKE RESOURCES Size & Upside - 4 Projects Lithium Brine & Hardrock Steve Promnitz, Managing Director AGM Update 30 Nov 2017

Disclaimer

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This presentation has been prepared by Lake Resources N.L (Lake) for information purposes and meetings with sophisticated and professional investors, institutional investors and brokers and not any particular party. The information in this presentation is based upon public information and internally developed data and reflects prevailing conditions and views as of this date, all of which are accordingly subject to change. The information contained in this presentation is of general nature and is not intended to address the circumstances of any particular individual or entity. There is no guarantee that the information is accurate as of the date it is received or that it will continue to be accurate in the future. No warranties or representations can be made as to the origin, validity, accuracy, completeness, currency or reliability of the information. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. Lake Resources NL accepts no responsibility or liability to any party in connection with this information or views and Lake disclaims and excludes all liability (to the extent permitted by law) for losses, claims, damages, demands, costs and expenses of whatever nature arising in any way out of or in connection with the information, its accuracy, completeness or by reason of reliance by any person on any of it. The information regarding projects described in this presentation are based on exploration targets. The potential quantity and grade of an exploration target is conceptual in nature, there has been insufficient exploration to determine a mineral resource and there is no certainty that further exploration work will result in the determination of mineral resources or that potentially economic quantities of lithium will be discovered. Some property applications are located within and around the Orocobre and Lithium Americas projects and although data is limited within the properties, the tenements may cover potential extensions to the Cauchari/Olaroz projects with potential extensions to aquifers, although this provides no assurance that any resource will be identified on the Lake applications. The lithium pegmatite leases under option occur adjacent to past producers of spodumene but no potential extension to any mineralisation can be assured.

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Certain statements contained in this presentation, including information as to the future financial performance of the projects, are forward‐looking statements. Such forward‐looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Lake Resources N.L. are inherently subject to significant technical, business, economic, competitive, political and social uncertainties and contingencies; involve known and unknown risks and uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results, expressed or implied, reflected in such forward‐looking statements; and may include, among other things, statements regarding targets, estimates and assumptions in respect of production and prices, operating costs and results, capital expenditures, reserves and resources and anticipated flow rates, and are or may be based on assumptions and estimates related to future technical, economic, market, political, social and other conditions and affected by the risk of further changes in government regulations, policies or legislation and that further funding may be required, but unavailable, for the ongoing development of Lake’s projects. Lake Resources N.L. disclaims any intent or obligation to update any forward‐looking statements, whether as a result of new information, future events or results or otherwise. The words “believe”, “expect”, “anticipate”, “indicate”, “contemplate”, “target”, “plan”, “intends”, “continue”, “budget”, “estimate”, “may”, “will”, “schedule” and similar expressions identify forward‐looking statements. All forward‐looking statements made in this presentation are qualified by the foregoing cautionary statements. Investors are cautioned that forward‐looking statements are not guarantees of future performance and accordingly investors are cautioned not to put undue reliance on forward‐looking statements due to the inherent uncertainty therein. Lake does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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Size, Location

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Drilling / Newsflow ,

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Region has Lowest Cost Prime Location Orocobre Production Albemarle OLAROZ PASO SQM Globally

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Among Major Producers

Lake - Olaroz/Cauchari. Paso projects near Orocobre & SQM/Lithium Americas Lake – Kachi project near Albemarle & FMC

Large Lease Holdings Albemarle FMC 170,000 Ha 4 Projects KACHI 3 Brine Projects 1 for Hard rock Pegmatites 100% owned or optioned

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Neo Lithium
PEGMATITES
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Source: Advantage Lithium

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Lake Resources
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Prime Location

Olaroz/Cauchari Paso Brine Projects Next to Orocobre, Four Lithium SQM/Lithium Americas Kachi Projects

Brine Project Next to Albemarle

3 Brine Projects 1 Hard rock Project

Catamarca

Jujuy Province – 2 Projects

Hard rock Project New areas

Catamarca – 1 Brine Project & 1 Hard rock project

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Lake Resources
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Corporate Snapshot

LAKE RESOURCES (ASX:LKE)

Total Current Shares on Issue 227,493,026 Listed Options (10c) Aug 2018 Expiry 19,350,000 Unlisted Options (5c) 4 Apr 2018 Expiry 31,250,000 Unlisted Options (10c) May 2018 Expiry 1,539,250 Option over Catamarca Pegmatite project if exercised 19,000,000

Market Data

Market Cap ($A) @ 20c/sh (15day VWAP 30Nov) $45 million Cash ($A) 30 Sept 2017 $0.93 million 2Nov 2017 S/T Debt Security 23Mar17 $1.6 million Share Price 52 week range $0.03 – 0.25/sh

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Funded Initial Drill Program Low Market Cap Deep Value BeingUnlocked

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Share Register 60% Top30, High Net Worth Investors

Kachi – New Discovery …

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Large Lithium Brine New Discovery Potential Being Tested Untested. Undrilled. Scale. Large Basin being drilled Next to Albemarle’s Antofalla Positive Lithium Surface Results Consolidated Leaseholding Newly Recognised Area ~50,000 Ha South of FMC’s production

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Offtake Partner Potential , Initial Resource & Scoping Study likely to attract Offtake Partners

Drilling to Unlock Value , Maiden Drill program Results usually much higher from drillholes Diamond drill & water wells for pump testing

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Kachi Drilling

New Discovery Potential

Maiden drill program underway in large untested basin (within ~50,000Ha of consolidated mining leases) Positive surface results indicate new discovery

1000m diamond programme; Extendable; Potential for Rotary programme

Selected by the State for support to accelerate project

Results should lead to resource & scoping study

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200
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25 km
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Kachi Drilling

Drilling Results Coming

Drilling underway. First hole progressing well Opportunity to expand

Extensive salt lake 100% owned

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Olaroz Cauchari Project

Adjoins Production & Major Development

Lithium Brine Project adjoins Orocobre Production & SQM/Lithium Americas Development Project

~19,000 Ha targeting same aquifers; pre-boom applications

Drill access to follow recent permitting success

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Source: Jujuy Registro Grafico Feb 16, Past Orocobre and Lithium America releases

Same Aquifer…

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Potential for Same Aquifer

Target lateral extensions of same aquifer in production & being developed.

New Target Methodology

Recent research shows high flow potential drill targets along faulted boundaries of basin.

Recent Success in Permitting

Applications (pre-boom) were successfully progressed which will lead to drilling access. Working collaboratively with regulators

  • Refers to Lithium Americas 2012 Feasibility Study

Olaroz/Cauchari Section

Targets on basin boundaries with potential for same aquifer & high flows

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Source: Lithium Americas

Large Pegmatite Belt

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Large area 70,000Ha ,

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Experienced Board

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STEVE PROMNITZ

STU CROW

Chairman Non-Exec

Managing Director

More than 25 years of experience (numerous public companies) and in financial services

Extensive Project Management experience in South America – Geologist and Finance experience

Experienced Local Team

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NICK LINDSAY

ANDREW BURSILL

Non-Exec Director

CFO/Company Secretary

25+ years of experience in Argentina/Chile/Peru (PhD in Metallurgy& Materials Engineering); Taken companies from inception to development to acquisition on projects in South America

Accounting/ governance experience. Director, CFO and Coy-Sec of a number of ASX companies

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Geologists; Hydrogeologists; Assistants

Legal & Accounting

Head Hydrogeologist ex-Orocobre; ex-NeoLithium Extensive exploration experience in Argentina Existing long term relationships with team members

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Unlocking Deep Value

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Drilling

With Drilling Results

Drilling on Kachi underway Results to display upside in potential new discovery LOI with State to accelerate project

Catalyst rich Late’17 Early 2018

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Approvals

Offtake

Permitting Approvals to Access Olaroz-Cauchari

Offtake Partner Potential & Resource/Scoping Study

Recent permitting success should lead to approvals for access

Discussions can advance with potential Offtake Partners once drill results available – leading to resource & scoping study

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Argentina – Positive Momentum..

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Lithium Brine Producers – Lowest Cost

Chile & Argentina are the lowest cost lithium producers globally and are forecast to remain the lowest cost and largest producers.

‘New’ Macri Government – Right Changes Within 4 mths in 2016: fixed currency, bonds, import/export tariffs, mining export duties

Pegmatite Producers fill gap short-term

13 June 2017: Fiscal law setting royalties and terms for provinces linked to federal payments

Lithium Cost Curve

Shows Chile/Argentina lithium brine (blue) consistently the lowest cost producers

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Source: Lithium Americas; Deutsche Bank

Scale, Value, Catalysts

Kachi - New Discovery Potential Positive Lithium Results Large basin; Undrilled Consolidated title Maiden drill program

Prime Location Large Leaseholding Amongst the Majors Lowest Cost Production Same Aquifers … Large tenement package Positioned pre-boom

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Brine & Hardrock Scale, Optionality 4 Key Projects Full lithium offering Development Potential

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Drilling, Access, Many Catalysts Drilling about to start Recent permitting success to unlock deep value Catalysts in news flow

Deep Value to be Unlocked Low relative market cap Major projects Many catalysts to unlock value Offtake Partner potential

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[email protected] www.lakeresources.com.au +61 2 9188 7864 IR (Henry) +61 431 271 538

twitter.com/Lake_Resources