Lake Resources NL (LLKKF) Shareholder/Analyst Call Prepared Remarks Transcript

2025-10-06 21:25:19 ET

Lake Resources NL (LLKKF) Shareholder/Analyst Call October 6, 2025 7:00 PM EDT

Company Participants

Geoffrey Crow
Robert Trzebski

Presentation

Geoffrey Crow ...

Welcome, everyone. The time being 5 minutes past 9. I'd like to welcome you to the Lake Resources Extraordinary General Meeting. My name is Stuart Crow. I'm the Chairman and will serve as the Chairman of the meeting. I'd also like to introduce to you the other directors attending. Participating online is managing Director, David Dickson, while Non-Executive Director Robert Trzebski is attending here in person. I'd also like introduce our Senior Finance Manager and Company Secretary, Nkechi Ezimah, who is managing today's meeting.

Lake is pleased to provide shareholders with the opportunity to participate in today's EGM either online through Automic or in the room here in Brisbane. Shareholders who wish to vote virtually during the meeting need to log in to Automic's online meeting platform. Shareholders can ask questions during the meeting either in person or virtually via the online platform.

I intend moving the formal meeting to the business contained in the Notice of Meeting. Under ASX Listing Rules, all resolutions will be determined by a poll. Also present is our share register, Automic, represented by Dean Ryan. I'm advise that a quorum of members is present and call the meeting to order.

Valid proxies have been tabulated for each resolution and are available for inspection if required. I intend to vote undirected proxies appointing the Chairman in favor of each resolution being considered at this meeting subject to compliance of the Corporations Act.

In accordance with the company's constitution, the Notice of Extraordinary General Meeting was sent to shareholders on 5th of September and will be taken as read. No notice of any other business has been received. And I should advise that we have not received any written questions prior to the meeting. Shareholders will be given an opportunity to ask questions at the end of this meeting and following relevant item of business.

To submit your vote online, you will need to log into Automic's online voting platform on your smartphone, tablet or computer. Instructions on this were provided within the Notice of Meeting. I'll now move to the items of business and declare voting on all resolutions open.

Resolution 1, ratification of our prior issued placement shares issued under ASX Listing Rule 7.1 and ASX Listing Rule 7.1A - Tranche 1. I propose that for the purpose of ASX Listing Rule 7.4 and for all other purposes, shareholders ratify the allotment and prior issue of new shares using the company's available placement capacity subject to ASX Listing Rule 7.1 and 7.1A issued on 26th of August 2025 as part of Tranche 1 issue on the terms of conditions set out in the explanatory memorandum accompanying the Notice of Meeting.

Are there any questions in respect of this resolution? No? Proxies received in respect of this resolution are 169,510,233.

Resolution 2, approve the issue of placement options under ASX Listing Rule 7.1 - Tranche 1. I propose that for purposes of ASX Listing Rule 7.1 and for all other purposes, and subject to the completion of the placement, shareholders approve the issue of up to 132,587,526 placement options to participants in the Tranche 1 issue on the terms and conditions set out in explanatory memorandum accompanying the Notice of Meeting.

Are there any questions in respect of this resolution? Proxies received in respect of this resolution are 169,360,233.

Resolution 3, approve issued placement shares and placement options under ASX Listing Rule 7.1 - Tranche 2. I propose that for purposes of ASX Listing Rule 7.1 and for all other purposes, the shareholders approve the issue of up to 68,154,947 placement shares and up to 34,078,474 placement options to participants in the Tranche 2 issue on the terms and conditions set out in the explanatory memorandum accompanying the Notice of Meeting.

Are there any questions in respect of this resolution? Proxy votes received in respect of this resolution are 169,375,454.

Resolution 4, approve to issue broker options under ASX Listing Rule 7.1. I propose that for the purpose of ASX Listing Rule 7.1 and for all other purposes, the shareholders approve the issue of up to 30 million broker options to Evolution Capital or its nominee on the terms and conditions set out in the explanatory memorandum accompanying the Notice of Meeting.

Are there any questions in respect of this resolution? Proxy votes received in respect of this resolution are 169,462,633.

Resolution 5, I will hand over to Robert Trzebski as this resolution involves myself.

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