Firefinch : Investor Presentation Paydirt Battery Minerals Conference

DISCLAIMER

IMPORTANT NOTICE AND DISCLAIMER

This presentation has been prepared by Leo Lithium Limited ("Leo Lithium" or "Company") in conjunction with Firefinch Limited (ASX: FFX). For the purposes of ASX Listing Rule 15.5, Firefinch Limited confirms that this presentation has been authorised for release to the ASX by the board of directors of Firefinch Limited.This presentation and information contained in it is being provided to shareholders and investors 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 sale of shares in any jurisdiction and may not be distributed in any jurisdiction except in accordance with the legal requirements applicable in such jurisdiction. Shareholders and investors should undertake their own evaluation of the information and otherwise contact their professional advisers in the event they wish to buy or sell shares. To the extent the information contains any projections the Company has provided the projections based upon the information available to the Company. The Company does not make any representations as to the accuracy or otherwise of that third party information.

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 transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial or political developments.

To the fullest extent permitted by law, Leo Lithium, its related bodies corporate, and each of their officers, employees, agents and advisers expressly disclaim, to the maximum extent permitted by law, all liabilities (however caused, including negligence) in respect of, make no 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 is accepted.

SUMMARY INFORMATION

This presentation contains summary information about Leo Lithium and its subsidiaries and their activities current as at the date of this presentation, unless otherwise indicated. The information in this presentation is of general nature and does not purport to be complete nor does it contain all the information which a prospective investor may require in evaluating a possible investment in Leo Lithium or that would be required in a prospectus or product disclosure statement prepared in accordance with the Corporations Act 2001 (Cth). The historical information in this presentation is, or is based upon, information that has been released to the ASX. This presentation should be read in conjunction with Leo Lithium's other periodic and continuous disclosure announcements lodged with the ASX, which are available atwww.asx.com.au. Certain market and industry data used in connection with this presentation may have been obtained from research, surveys or studies conducted by third parties, including industry or general publications. Neither Leo Lithium nor its representatives have independently verified any such market or industry data provided by third parties or industry or general publications.

ORE RESERVES AND MINERAL RESOURCES REPORTING

Leo Lithium confirms that it is not aware of any new information or data that materially affects the Mineral Resources at Goulamina and the production estimates for Goulamina. The Company also confirms that all material assumptions and parameters underpinning the Mineral Resource estimates and production estimates continue to apply and have not materially changed.

Please refer to ASX Announcements of 8 July 2020 (Resources), 20 October 2020 (Reserves) and 6 December 2021 (Updated DFS). The announcements mentioned above are available athttps://LeoLithiumltd.com/asx-announcements/ or www.asx.com.au.

ASX RELEASES

Investors are advised that by their nature as visual aids, presentations provide information in summary form. The key information on the company and its projects can be found in the ASX releases:

• • Substantial Increase to Goulamina Mineral Resource (8 July 2020).

  • • Intention to Demerge Goulamina (9 February 2021)

    • • Introducing Leo Lithium - The Next Global Lithium Producer (16 August 2021)

• • Goulamina Lithium Project Definitive Feasibility Study (20 October 2020)

• • Progress Update on Ganfeng Joint Venture to Develop Goulamina (2 August 2021)

• • Goulamina - Progressing a World Class Lithium Project (20 October 2021)

FORWARD LOOKING AND CAUTIONARY STATEMENTS

This announcement contains "forward-looking information" that is based on the Company's expectations, estimates and projections as of the date on which the statements were made. This forward-looking information includes, among other things, statements with respect to the pre-feasibility and feasibility studies, the Company's business strategy, plan, development, objectives, performance, outlook, growth, cash flow, projections, targets and expectations, mineral resources, results of exploration and relations expenses. Persons reading this presentation are cautioned that such statements are only predictions and that the Company's actual future results or performance may be materially different. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Forward-looking information is developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to general business, economic, competitive, political and social uncertainties; the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of lithium, gold and other metals; possible variations of ore grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accident, labour disputes and other risks of the mining industry; and delays in obtaining governmental approvals or financing or in the completion of development or construction activities. This list is not exhaustive of the factors that may affect our forward-looking information.

These and other factors should be considered carefully, and readers should not place undue reliance on such forward-looking information. Past performance should not be relied upon as being indicative of future performance. The Company disclaims any intent or obligations to revise any forward-looking statements whether as a result of new information, estimates, or options, future events or results or otherwise, unless required to do so by law. Statements regarding plans with respect to the Company's mineral properties may contain forward-looking statements in relation to future matters that can be only made where the Company has a reasonable basis for making those statements. Competent Person Statements regarding plans with respect to the Company's mineral properties are forward looking statements. There can be no assurance that the Company's plans for development of its mineral properties will proceed as expected. There can be no assurance that the Company will be able to confirm the presence of mineral deposits, that any mineralisation will prove to be economic or that a mine will successfully be developed on any of the Company's mineral properties.

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Goulamina Overview

GOULAMINA

Lithium project of scale

GOULAMINA: A TIER 1 LITHIUM DEVELOPMENT

Updated Definitive Feasibility Study1 detailed a Stage 2 expansion from 2.3Mtpa to 4.0Mtpa

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