Exhibit 99.2

 ASX:ELV • NASDAQ:ELVR  Elevra Lithium  Providing a Secure and Reliable Supply of Lithium in North America  SEPTEMBER 2026 
 
 ELEVRA LITHIUM  2  Introducing Elevra Lithium  North America’s Leading Hard-Rock Lithium Producer  Business Highlights:  FY26 Operations3 197,967  Dry metric tonnes produced  181,494  Dry metric tonnes sold  67%  Recovery  Financial3 US$202 million  FY26 revenue  US$853  FY26 unit operating cost (FOB)  US$255 million  Cash (at 30 June 2026)  Corporate  US$1,147 million  Market cap (at 31 August 2026)  194 million  Shares outstanding (at 30 June 2026)  227 Mt @ 1.14% Li2O  Attributable Measured & Indicated & Inferred Mineral Resource Estimate1  Investment Highlights:  ASX: ELV | NASDAQ: ELVR  #1 North American hard rock pure-play lithium producer  Combined lithium Ore Reserve Estimate of 105Mt @ 1.16% Li2O and M&I&I Mineral Resource estimate totalling 227Mt @ 1.14% Li2O1  Scale  Growth  Strategically Positioned  Fully funded, phased expansion of NAL targeting capacity growth from 199ktpa to approximately 373ktpa2  Diversified growth portfolio with medium term growth at Moblan  Only major North American hard-rock project in production Growing engagement with U.S. and Canadian governments  Backed by Canada Growth Fund, a government-aligned capital partner  North American Lithium  Stage: Production  Ownership: 100%  Authier  Stage: Studies  Ownership: 100%  Moblan  Stage: Studies  Ownership: 60%  Carolina Lithium  Stage: Studies  Ownership: 100%  Combined spodumene ore reserve estimates and mineral resource estimates (inclusive of reserves). Ore reserve and mineral resource estimates reported in accordance with the JORC code. Metrics as reported and shown on a net attributable basis. See appendix for support.  ASX release “NAL Expansion Pre-Feasibility Study” released 7 September 2026 and all material assumptions underpinning the production target and forecast financial information continue to apply and have not materially changed.  ASX release “FY26 Full Year Results” released 28 August 2026. 
 
 North America’s Leading Lithium Producer  1. Mineral Resource Estimates are based on public company disclosures. Totals may differ due to small rounding. See appendix for support.  ELEVRA LITHIUM  3  141  128  91  89  51  33  15  15  Q2 Metals  Elevra  PMET  Resources  Li-FT  Power  Albemarle Rio Tinto  Frontier Lithium  Critical Elements  Sibelco  Rock Tech Lithium  Measured and Indicated Inferred  A leading hard rock resource base in North America  Attributable M+I+I Mineral Resource Estimate, Mt 1  295  227 Largest Measured and Indicated resource base  Li-FT Power 
 
 01  Optimise Existing Operations  Focused on optimising production sustainably and maximising returns and cashflow generation for NAL  Next 18 Months  Increase grade control drilling to maintain mine performance  Production and cost optimisation  Continued mill utilisation and throughput improvement  Recovery optimisation  Logistics cost reduction  Improve safety and environmental performance  The Elevra Strategy  Disciplined delivery remains central to our strategy  ELEVRA LITHIUM  4  03  Integrate into the Supply Chain Via Strategic Partnerships  To lock in demand, access end markets, establish a vertically integrated supply chain, and fund the accelerated development of Elevra’s portfolio via downstream partnerships  Next 18 Months  Execute offtake agreements to create a diversified, market-linked and flexible sales portfolio  Build on partnership opportunities, including support from the government, to further advance downstream development in Québec and the U.S.  Focus on options to enable development pathways for Moblan greenfield  02  Develop Assets Following Expanded Resource Base  Deliver portfolio potential through the development of upstream assets off the back of an expanded resource base  Next 18 Months  Deliver NAL expansion stage 1 based on expanded resource base and updated Scoping Study  Revisit Moblan DFS with focus on benefits of increased reserve base, capital intensity & sizing. Updated Scoping Study due in Q4 CY26.  Advance Moblan approvals and permitting. 
 
 Operational Performance 
 
 NAL Operational Performance  Resilient operating performance despite temporary mining constraints  ELEVRA LITHIUM  6  43%  57%  58%  62%  67% 68% 67% 68% 69%  73%  69%  62%  66%  71%  51%  71%  72%  75%  73%  83%  91% 90%  80%  87%  89%  94%  92%  NAL Global Recovery & Mill Utilisation  100%  93%  30%  40%  50%  60%  70%  80%  90%  Global Recovery (%)  Mill Utilisation (%)  3.5  29.6  34.2  31.5  40.4  49.7  52.1  50.9  43.3  58.5  52.0  44.2  47.3  54.5  806  894  837 830  791  818 812  908 884 907  Concentrate Produced & Unit Cost Sold  90  1,008 996  80  0  100  200  300  400  500  600  700  800  900  1000  1100  0  10  20  30  40  50  60  70  Concentrate Production (kdmt)  Unit Operating Costs Sold (US$/dmt FOB)  Maintaining operational consistency  198kt of spodumene concentrate produced in FY26, just 3% below FY25 despite temporary adverse mining conditions.  Unit operating cost of US$853/t sold in FY26, reflecting increased mining activity during the period.  Operational performance improved through H2 FY26 as targeted actions progressively mitigated challenging ore feed characteristics.  Recovery improved to 71% in Q4, the highest level achieved in FY26, and mill utilisation remained consistently high. 
 
 28.6  20.8  6.9  FY24  FY25  FY26  NAL Operational Performance  Operational maturity provides a strong foundation for growth  ELEVRA LITHIUM  7  -67%  See Sayona Mining FY24 Annual Report filed with the ASX on 30 August 2024, Sayona Mining FY25 Annual Report filed with the ASX on 29 August 2025, and Elevra Lithium FY26 Annual Report filed with the ASX on 28 August 2026.  FY23 results reflect Mill Utilisation, Global Recovery and Production from the restart of production through the end of FY23.  TRIFR Per Million Work Hours1  33  156  205  198  FY23  FY24  FY25  FY26  66%  75%  88%  91%  54%  64%  69%  67%  FY23 FY24  Mill Utilisation (%)  FY25 FY26  Global Recovery (%)  Global Recovery and Mill Utilisation1,2  Concentrate Produced (kdmt)1,2  Proven operating platform underpins NAL’s next phase of growth  Improving safety performance demonstrates a strengthening operating culture and disciplined execution.  High mill utilisation and consistent recoveries reflect plant stability and operating capability.  Sustained annual production at  ~200ktpa provides a proven platform from which to expand capacity.  Established operational capability reduces execution risk as NAL progresses through its staged expansion. 
 
 Growth Projects 
 
 Growth Projects  A unique North American investment opportunity with a cornerstone operating asset and strategic growth projects  9  See ASX release “FY26 Full Year Results Announcement” released 28 August 2026. FY27 production guidance based on an SC5.2 product grade.  See ASX release “NAL Expansion Pre-Feasibility Study” released 7 September 2026 and all material assumptions underpinning the production target and forecast financial information continue to apply and have not materially changed. Figures converted at CAD/USD = 1.35.  1.  ELEVRA LITHIUM 2.  3. ASX release “Moblan increases Resource to 121Mt and Reserves to 48Mt” on 25 August 2025 and all material assumptions underpinning the production target and forecast financial information continue to apply and have not materially changed..  NAL Expansion  (100%)  Leading North American open pit mining operator producing 198-210kt1 of spodumene concentrate in FY27, with expansion to increase capacity to 373kt2  Brownfield expansion Pre-Feasibility Study completed with strong economics  Staged expansion opportunity to increase annual production and reduce unit costs  Competitive capital returns with estimated expansion capex of US$271 million2  Moblan  (60%)  High-grade, long-life project located close to key infrastructure and transport nodes with production target of 300kt per annum of spodumene concentrate  Drilling program achieved 6.5x increase in Resource base since acquisition; Measured, Indicated and Inferred Mineral Resource of 121Mt @ 1.19% Li2O3  Strategically located at the southern most portion of the James Bay region of Quebec  Funded for key pre-development activities to enable FID  Fully-integrated, strategically located asset designed to produce battery-grade lithium chemicals  Carolina  (100%)  Received mining permit for construction, operation and reclamation in May 2024  One of only two significant spodumene projects in the U.S.  Expected to benefit from exceptional infrastructure and close proximity to end customers 
 
 Lower Unit Costs  Increased Scale  Capital Efficient Expansion  Strengthens NAL’s position as a cornerstone asset in North America  Larger production base increases commercial flexibility and partnership opportunities  Throughput expansion structurally lowers operating cost per tonne  Lower cost base improves margins and cash flow resilience across lithium price cycles  Existing infrastructure enables high-return growth with limited incremental capital intensity  Faster development timeline accelerates value creation  NAL Expansion Transforms Elevra into a Larger, Lower Cost Producer  Expanded output and lower unit costs create a pathway to improved cash flow generation  See ASX release “NAL Expansion Pre-Feasibility Study” released 7 September 2026 and all material assumptions underpinning the production target and forecast financial information continue to apply and have not materially 10  ELEVRA LITHIUM 1.  changed. Figures converted from Canadian dollars to United States dollars using USD/CAD = 1.35 as per PFS.  2. May-26 Scoping figures based on the ASX release “Updated NAL Expansion Scoping Study” released 12 May 2026. Figures converted from Canadian dollars to United States dollars using USD/CAD = 1.35 as per Scoping Study.  Higher production and lower unit costs materially expand cash flow generation potential  Improved margin durability offers resilience through commodity price cycles  1,684  2,384  Base Case  Post Expansion  Total Project NPV  8%  (post-tax)  US$M1  +42%  Average Annual NAL Production Capacity  Average LOM SC5.4 (post expansion)1,2, kdmt  C1 Cost of Concentrate  Average LOM (post expansion) US$/dmt  1,2  Long-term value creation  68  75  Total Initial Capex  US$M1,2  270  128  271  Post Expansion (May-26 Scoping)  Post Expansion (PFS)  199  338  373  Base Case  Post Expansion (May-26 Scoping)  Post Expansion (PFS)  +87%  774  628  630  Base Case  Post Expansion Post Expansion (May-26 Scoping) (PFS)  (19%)  Stage 3  Stage 2  Stage 1 
 
 Stage 1  Mill Optimisation  Optimise the existing 4,500tpd circuit through targeted upgrades to milling, desliming, magnetic separation, flotation and dewatering  Add stacksizers, magnetic separation capacity and flotation/conditioning improvements  Install new dewatering and concentrate handling infrastructure  C$92M (US$68M)  ↑ ~35ktpa3 increase in annual spodumene production  (+15-20% increase)  Stage 2  Mill Expansion  Increase milling throughput to 6,500tpd  Add a second grinding circuit and expand downstream magnetic separation and flotation capacity  Utilise a temporary contract crushing circuit to support incremental feed requirements  C$101M (US$75M)  ↑ ~104ktpa4 incremental production increase to 338ktpa average annual production post-expansion  Stage 3  Full Production  Improve feed quality and crushing efficiency while maintaining 6,500tpd milling capacity  Replacement of temporary contract crushing with a new permanent crushing circuit  Repurpose existing crusher as a dedicated ore-sorting facility and install XRT ore sorters  C$173M (US$128M)  ↑ ~35ktpa4 incremental production increase to 373ktpa average annual production with crushing and ore sorting cost efficiencies  Staged NAL Expansion progressively increases production and lowers unit costs1  Debottlenecking steps Capital cost2 Uplift  Targeted Debottlenecking Unlocks Significant Production Growth at NAL  ELEVRA LITHIUM  11  See ASX release “NAL Expansion Pre-Feasibility Study” released 7 September 2026 and all material assumptions underpinning the production target and forecast financial information continue to apply and have not materially changed.  Figures converted from Canadian dollars to United States dollars using CAD/USD = 1.35 as per NAL Expansion Pre-Feasibility Study.  Production increase based on Process Design Criteria uplift to NAL Base Case production capacity of 199ktpa.  ~139kpta (SC5.4) incremental production increase from Stages 2 and 3 calculated as 373ktpa expansion capacity minus Base Case 199ktpa capacity plus 35ktpa uplift from Stage 1 of expansion.  Proposed dates and timing is indicative and are the current target of Elevra.  Scoping Study  Project Evaluation  Updated Scoping Study  Stage 1 – Mill Optimisation  Stage 2 – Mill Expansion  Stage 3 – Full Production  Completed  Completed  Completed Mid CY275 Mid CY285 Mid CY295 
 
 Parallel Execution Accelerates NAL’s Path to Full Production  Engineering, capital deployment and construction are staged to accelerate delivery1  ELEVRA LITHIUM  12  1. See ASX release “NAL Expansion Pre-Feasibility Study” released 7 September 2026. Proposed dates and timing is indicative and are the current target of Elevra.  Stage 1  Stage 2  Stage 3  Permitting advances in parallel with project execution:  Stage 1: Operations within existing 4,500tpd milling permit  Stage 2: Permitting to align mining and milling capacity to 6,500tpd and TSF infrastructure  Stage 3: Additional approvals required for expanded mine, TSF and waste rock infrastructure  Early procurement supports overlapping construction:  Long Lead Items for Stages 1 & 2 to be procured early  Stage 2 construction progresses during Stage 1 ramp  Stage 3 establishes permanent crushing and ore sorting infrastructure  Detailed Engineering  Procurement  Long Lead Items  Construction  Commissioning  Permitting  Illustrative schedule reconstructed from the NAL Expansion Pre-Feasibility Study indicative timeline.  Mid CY27  Mid CY28  Mid CY29 
 
 Moblan  Mineral Resource and Ore Reserve growth creates opportunity to evaluate increased annual production  ELEVRA LITHIUM  13  See ASX release “Moblan Lithium Project Definitive Feasibility Study: Positive Results Deliver C$2.2B NPV” dated 20 February 2024 and all material assumptions underpinning the production target and forecast financial information continue to apply and have not materially changed..  See ASX release “Moblan Increases Resource to 121Mt and Reserve to 48Mt” dated 25 August 2025 and all material assumptions underpinning the production target and forecast financial information continue to apply and have not materially changed..  2024 Definitive Feasibility Study1  Key Outcomes  300,000t  Average annual 6% Li2O production  US$417/t  Unit operating cost  US$1.6B  Post-tax NPV8%  2.3 : 1  Average LOM strip ratio  34.5Mt  Ore Reserve Estimate  US$561/t  AISC  34%  Post-tax IRR  70.9Mt  Mineral Resource Estimate  Moblan Mineral Resources and Ore Reserves1,2  6.3  6.3  43.6  101.4  21.0  13.3  70.9  121.0  Moblan DFS (Feb. 2024)  Current Estimate (Aug. 2025)  Measured Indicated Inferred  +71%  5.3  34.5  42.8  34.5  48.1  Moblan DFS (Feb. 2024)  Current Estimate (Aug. 2025)  Proved Probable  +39%  Growing resource base creates an opportunity to unlock greater production  Moblan’s Mineral Resource and Ore Reserves have grown significantly since the 2024 Definitive Feasibility Study.  The expanded resource base provides an opportunity to evaluate a higher production rate than previously contemplated.  Elevra is undertaking an updated DFS to assess the optimal development scale and incorporate the significant growth in the resource and reserve base.  Updated study work is focused on maximising the value of Moblan while maintaining a disciplined approach to capital and project execution. 
 
 Moblan  Well positioned to become Canada’s next spodumene producer with a funded pathway to FID  ELEVRA LITHIUM  14  See ASX release “Strategic Funding Presentation” dated 12 May 2026.  See PMET Resources June 2026 Corporate Presentation.  See Rio Tinto ASX filing “Initial reporting of lithium Mineral Resources and Ore Reserves” dated 4 December 2025 and 2026 Half Year Results dated 29 July 2026.  Moblan development pathway1  As part of the May 2026 Strategic Financing Package, Elevra secured funds to advance Moblan to a Final Investment Decision.  Pre-FID activities:  Progress baseline environmental studies  Progress permitting activities  Hydrogeological and geotechnical drilling  Further metallurgical sampling and test work  Review and update of the 2024 DFS to incorporate:  Larger Mineral Resource and Ore Reserve base compared to the 2024 DFS  Removal of discounted sales under offtake agreement purchased and canceled by Elevra  Moblan  (Elevra 60% / IQ 40%)  Shaakichiuwaanaan2  (PMET Resources)  Whabouchi3  (Rio Tinto 54% / IQ 46%)  Galaxy3  (Rio Tinto)  Mineral Resource Estimate  Measured: 6.3Mt @ 1.50% Indicated: 101.4Mt @ 1.19% Inferred: 13.3Mt @ 1.06%  Measured: --  Indicated: 108.0Mt @ 1.40%  Inferred: 33.4Mt @ 1.33%  Measured: --  Indicated: 18.7Mt @ 1.51%  Inferred: 8.3Mt @ 1.31%  Measured: --  Indicated: 18.1Mt @ 1.12%  Inferred: 55.9Mt @ 1.29%  Ore Reserve Estimate  Proved: 5.3Mt @ 1.57%  Probable: 42.8Mt @ 1.27%  Proved: --  Probable: 84.3Mt @ 1.26%  Proved: 10.5Mt @ 1.40%  Probable: 16.0Mt @ 1.27%  Proved:--  Probable: 37.3Mt @ 1.27%  Feasibility Study  DFS completed Feb 2024; updated Scoping Study in Q4 CY26  Feasibility study completed Oct 2025  Pre-Feasibility study updated in 2023  Feasibility study completed in 2021 and updated in 2022  Upcoming Milestones  Funded to FID via Strategic Funding Package  Updated Feasibility Studies expected H2 2026; fully funded to FID  Development of Whabouchi and Galaxy remain subject to a review to determine which of the two mines will be developed. A decision is expected in H2 2026.  Elevra is North America’s largest hard-rock lithium producer with proven, in-region execution capability. Moblan is a major deposit with a completed DFS, growing reserves and is funded for pre-development activities through to FID. 
 
 Carolina Lithium  A fully-integrated U.S. growth option advancing through permitting  ELEVRA LITHIUM  15  2021 Definitive Feasibility Study1  Key Outcomes  242,000t  Average annual 6% Li2O production  US$2.0B  Post-tax NPV8%  30,000t  Average annual battery grade LiOH production  US$6,235/t  Average LiOH production cash cost  18.3Mt  Ore Reserve Estimate  27%  Post-tax IRR  US$687/t  Average SC6 supply cost  44.2Mt  Mineral Resource Estimate  Fully-integrated, strategically located U.S. asset with the potential to produce battery-grade lithium.  Fully integrated mine-to-chemical production  Designed as an integrated operation, combining hard-rock lithium mining with an on-site conversion facility to produce battery-grade lithium.  Vertical integration reduces reliance on third-party supply or processing and keeps value-added processing local.  Proven geology and processing route  One of only two advanced spodumene projects within the United States and the only project with a Definitive Feasibility Study.  Mining, concentration, and conversion plans rely on conventional and established processes used at global lithium operations.  Strategic location within the United States  Located in North Carolina, close to existing infrastructure, skilled labor, end customers and historical hard-rock lithium operations.  Domestic location enhances supply chain security and aligns with U.S. policy to onshore critical mineral supply.  1. See Piedmont Lithium ASX release “Piedmont Completes BFS of the Carolina Lithium Project” dated 15 December 2021 2026 and all material assumptions underpinning the production target and forecast financial information continue to apply and have not materially changed.. 
 
 Corporate 
 
 FY26 Recap  FY26 strengthened NAL’s operating platform, improved safety and operational resilience, and established the foundation for a fully funded expansion  ELEVRA LITHIUM  17  Production  TRIFR  DRY METRIC TONNES  PER MILLION HOURS WORKED  197,967  DOWN 3%  6.93  DOWN 67%  Corporate  Merger of Sayona and Piedmont Lithium completed  Mineral Resource and Ore Reserve estimates increased at NAL and Moblan  +57%  AVERAGE REALISED PRICE (FOB)  91%  MILL UTILISATION  NAL  67%  RECOVERY  NAL  $15M  10 MONTH SYNERGIES GROUP  Financial  REVENUE  CASH AT  30 JUN. 2026  $202M  UP 39%  $255M  UP 440%  NAL Brownfield Expansion Scoping Study completed, and project funding secured 
 
 Experienced and Diverse Board and Management  Structured to support and enable Elevra’s growth  Dawne Hickton  Chair  Allan Buckler  Director  Lucas Dow Managing Director & CEO  Jeff Armstrong  Director  James Brown  Director  Laurie Lefcourt  Director  Christina Alvord  Director  Jorge M. Beristain  Director  ELEVRA LITHIUM  18  Lucas Dow  Managing Director & CEO  Monique Parker  Chief Sustainability Officer  Christian Cortes  Chief Financial Officer  Dylan Roberts  General Counsel & Company Secretary  Sylvain Collard  President Canada & Group COO  Andrew Barber  Chief Development & Investor Relations Officer  Sandra Tremblay  Chief People Officer  Malissa Gordon  Vice President, Government Affairs US  Stéphanie Lemieux  Vice President, Corporate Affairs Canada  Board of Directors Management Team 
 
 Commercial Strategy – Target Portfolio  Transitioning from legacy arrangements to a diversified, market-linked and flexible sales portfolio as NAL volumes expand  ELEVRA LITHIUM  19  Strategic Offtake Partnerships  01 02  ~3 core offtake customers  Diversified customer base across geographies, end markets and trading counterparties  Deeper strategic partnerships  Market-Based Pricing Framework  Spot-linked pricing using recognised Spodumene SC6 indices  Current market capture by removing legacy lagging pricing formulas  Lower margin leakage through reduced intermediary exposure  03 Commercial  Flexibility  3–5 year contract terms  Incremental volume offered to core customers as production grows  Spot-market balance captures upside exposure  100% ownership of NAL, concluding legacy arrangements and expanding volumes creates a timely opportunity to rebalance the portfolio. 
 
 Lithium Market & Outlook 
 
 1.56  1.89  2.20  2.49  2.75  3.05  0.0  0.5  1.0  1.5  2.0  2.5  3.0  3.5  4.0  2025 2026 2027 2028 2029 2030  Consensus Max Min  Uplift in Pricing with Strong Demand Outlook into 2030  Elevra is positioned to capitalise on recent price appreciation; demand growth presents opportunity for development projects  Spodumene Concentrate 6% Price  US$/t, CIF China  Global Lithium Demand  Mt LCE  ELEVRA LITHIUM  21  Source: Fastmarkets  $0  $500  $1,000  $1,500  $2,000  $2,500  $3,000  $3,500  Jun-25  Sep-25  Dec-25  Mar-26  Jun-26  Broker Outlook  Spodumene Concentrate 6% Price, US$/t  $2,466  $2,408  $1,830  $1,831  $1,729  $0  $500  $1,000  $1,500  $2,000  $2,500  $3,000  $3,500  2026 2027 2028 2029 2030  Spot Price Consensus  Source: Spot Price sources from Fastmarkets as of 25 August 2026, Consensus shows average forecast price reported by brokers. See Appendix for details.  Source: Broker forecasts. See Appendix for details. 
 
 FY27 Guidance5  Guidance assumes average annual exchange rates of CAD:USD = 0.74 and AUD:USD = 0.71.  Unit operating cost sold 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 US$/dmt sold, FOB Port of Québec.  FY27 Capital expenditure guidance excludes movements in capital creditors which amounted to US$3m at June-26  FY26 Capital expenditure of $24m includes $3m movements in capital creditors.  See ASX release “FY26 Full Year Results Announcement” dated 28 August 2026.  ELEVRA LITHIUM  22  Spodumene Concentrate Production  Spodumene Concentrate Sales  Unit Operating Costs Sold 2  SC 5.2% product grade  100% NAL production  SC 5.2% product grade  Volumes modestly front-weighted utilising existing inventory (55% H1, 45% H2)  SC 5.2% product grade   Increase in FY27 due to inflation, FX translation, higher strip ratio (10:1), and pre-strip works in mining Phase 4 in anticipation of the NAL Brownfield Expansion.  198,000 – 210,000  dmt  Additional Information  FY27 Guidance 1  Capital Expenditures 3,4   US$100-120m growth capital allocated to the NAL Expansion and advancement of Moblan studies  US$20m of sustaining capital projects at NAL.  200,000 – 230,000  dmt  US$880 – US$950  / dmt sold  US$120-140m  197,967 dmt  FY26 Actual  181,494 dmt  US$853 / dmt sold  US$24m 
 
 Appendix 
 
 ELEVRA LITHIUM  24  Asset  Source (ASX release)  Reserve Category  Tonnes (Mt)  Li2O Grade (%)  Cut-off Grade (%Li2O)  Elevra Lithium 2026 Annual Report  Proved Ore Reserves  0.2  0.93  0.60  Probable Ore Reserves  47.0  1.12  0.60  North American Lithium  28 August 2026  Competent Person: Mr Tony O’Connell  Total  47.2  1.12  0.60  NAL Reserves up 124% to 48.6Mt and  Proved Ore Reserves  5.7  0.97  0.60  Probable Ore Reserves  4.9  1.03  0.60  Authier  Resource Increases to 95Mt  27 August 2025  Competent Person: Mr Tony O’Connell  Total  10.5  1.00  0.60  Moblan Increases Resource to 121Mt and  Proved Ore Reserves  5.3  1.57  0.60  Probable Ore Reserves  42.8  1.27  0.60  Moblan  Reserve to 48Mt  28 August 2026  Competent Person: Mr Tony O’Connell  Total  48.1  1.31  0.60  Piedmont Completes BFS of the Carolina  Proved Ore Reserves  -  -  0.40  Probable Ore Reserves  18.3  1.10  0.40  Carolina  Lithium Project  15 December 2021  Competent Person: Dr Steven Keim  Total  18.3  1.10  0.40  Supporting Data  Combined Lithium Ore Reserve Totalling 105Mt1,2  All estimates in table shown on 100% Basis. Note Moblan is 60% owned by Elevra.  Elevra is not aware of new information or data that materially affects the estimates, and that all material assumptions and technical parameters continue to apply and have not materially changed. The form and context of the CP findings have not been materially modified. 
 
 ELEVRA LITHIUM  25  Asset  Company  Location  Status  Code  Source  Date  Measured  (Mt)  Measured (% Li2O)  Indicated  (Mt)  Indicated (%Li2O)  Total M+I  (Mt)  M+I (%Li2O)  M+I Inclusive of Reserves  Inferred  (Mt)  Inferred (%Li2O)  Carolina  Elevra Lithium  North Carolina, U.S.  Non-Operating  JORC  Company Filing (2026 Annual Report)  28-08-26  -  -  28.2  1.1%  28.2  1.1%  Yes  15.9  1.0%  North American Lithium  Elevra Lithium  Québec, Canada  Operating  JORC  Company Filing (2026 Annual Report)  28-08-26  -  -  74.4  1.2%  74.4  1.2%  Yes  18.9  1.1%  Authier  Elevra Lithium  Québec, Canada  Non-Operating  JORC  Company Filing (2026 Annual Report)  28-08-26  6.0  1.0%  8.1  1.0%  14.1  1.0%  Yes  2.9  1.0%  Moblan  Elevra Lithium (60%); IQ (40%)  Québec, Canada  Non-Operating  JORC  Company Filing (2026 Annual Report)  28-08-26  6.3  1.5%  101.4  1.2%  107.7  1.2%  Yes  13.3  1.1%  Kings Mountain  Albemarle  North Carolina, U.S.  Non-Operating  S-K 1300  Albemarle 10-K (2025)  31-12-25  -  -  63.9  1.4%  63.9  1.4%  No  27.6  1.2%  Galaxy  Rio Tinto  Québec, Canada  Non-Operating  JORC  Company Filing (Initial reporting of lithium Mineral Resources and Ore Reserves)  4-12-25  -  -  18.1  1.1%  18.1  1.1%  No  55.9  1.3%  Whabouchi  Rio Tinto (54%); IQ (46%)  Québec, Canada  Non-Operating  JORC  Company Filing (Initial reporting of lithium Mineral Resources and Ore Reserves)  4-12-25  -  -  18.7  1.5%  18.7  1.5%  No  8.3  1.3%  PAK  Frontier Lithium (92.5%); Mitsubishi  (7.5%)  Ontario, Canada  Non-Operating  NI 43-101  Company Filing (NI 43-101 Technical Report)  9-07-25  16.4  1.6%  20.5  1.5%  36.9  1.6%  Yes  18.6  1.5%  Shaakichiuwaanaan  PMET Resources  Québec, Canada  Non-Operating  NI 43-101  Company Filing (CV5 Lithium-Only Feasibility Study for Shaakichiuwaanaan Project)  20-10-25  -  -  108.0  1.4%  108.0  1.4%  Yes  33.4  1.3%  Adina  Li-FT Power  Québec, Canada  Non-Operating  JORC  Company Filing (Adina Mineral Resource Increases 33% to 78Mt at 1.15% Li2O)  28-05-24  -  -  61.4  1.1%  61.4  1.1%  Yes  16.5  1.2%  Yellowknife  Li-FT Power  Northwest Territories, Canada  Non-Operating  NI 43-101  Company Filing (Initial Mineral Resource Estimate for the Yellowknife Lithium Project)  1-10-24  -  -  -  -  -  -  Yes  50.4  1.0%  Rose  Critical Elements  Ontario, Canada  Non-Operating  NI 43-101  NI 43-101 Feasibility Study Technical Report (Rose FS)  11-10-23  -  -  30.6  0.9%  30.6  0.9%  Yes  2.4  0.8%  Separation Rapids  Sibelco  Ontario, Canada  Non-Operating  NI 43-101  Company Filing (Avalon Advanced Materials Announces 28% Increase in Measures and Indicated Mineral Resources at JV Separation Rapids Project in Ontario Canada)  30-01-25  4.3  1.3%  8.7  1.4%  13.0  1.3%  Yes  2.3  1.5%  Georgia Lake  Rock Tech Lithium  Ontario, Canada  Non-Operating  NI 43-101  Company Filing (Georgia Lake Pre-Feasibility Study)  1-10-22  -  -  10.6  0.9%  10.6  0.9%  Yes  4.2  1.0%  Cisco  Q2 Metals  Québec, Canada  Non-Operating  NI 43-101  Company Filings (Q2 Metals Announces Inferred Mineral Resource Estimate on the Cisco Lithium Project)  20-04-26  -  -  -  -  -  -  -  294.7  1.4%  Supporting Data (continued)  A Leading Hard Rock Resource Base in North America Totalling 227Mt1  1. All estimates in table shown on 100% Basis. Note Moblan is 60% owned by Elevra. 
 
 Supporting Data  Uplift in Pricing with Strong Demand Outlook into 2030  ELEVRA LITHIUM  26  Spodumene Concentrate  6% Price (US$/t)  Est.  Date  2026  2027  2028  2029  2030  Global Lithium Demand  (kt LCE)  Est.  Date  2026  2027  2028  2029  2030  Broker 1  Jul-26  2,351  2,035  1,550  1,460  1,400  Broker 1  Jul-26  1,893  2,088  2,305  2,472  2,597  Broker 2  Jun-26  2,757  2,250  1,050  1,925  1,675  Broker 2  Jun-26  1,983  2,297  2,555  2,812  3,114  Broker 3  Apr-26  2,655  2,663  2,400  2,175  2,100  Broker 3  Apr-26  1,593  1,890  2,101  2,273  2,546  Broker 4  Aug-26  2,250  2,410  -  -  -  Broker 4  Aug-26  1,802  2,151  -  -  -  Broker 5  Jun-26  2,519  2,750  2,375  2,094  1,843  Broker 5  Jun-26  2,144  2,597  2,990  3,337  3,619  Broker 6  Jul-26  2,262  2,342  1,777  1,503  1,625  Broker 6  Jun-26  1,910  2,205  2,515  2,863  3,361  Consensus Average  2,466  2,408  1,830  1,831  1,729  Consensus Average  1,887  2,205  2,493  2,751  3,047  Consensus Max  2,144  2,597  2,990  3,337  3,619  Consensus Min  1,593  1,890  2,101  2,273  2,546  Consensus includes estimates from Benchmark Mineral Intelligence, Barrenjoey, Canaccord, Fastmarkets, J.P. Morgan, and Macquarie.