Delta Lithium Limited

Delta Lithium is a Western Australian exploration and development company focused exclusively on advancing high-quality lithium assets. With a combined JORC-compliant resource of 36.5 Mt @ 1.1% Li₂O across Mt Ida and Yinnetharra, including 54.0Mt @ 126ppm Ta₂O₅, and strong development momentum, we are strategically positioned to supply critical minerals for the global energy transition.

Following the demerger of our gold assets into Ballard Mining in 2025, Delta is streamlined and set to unlock significant value as a pure-play lithium developer.


Management Profile:

James Croser – Managing Director

Delta’s Managing Director, James Croser, is an experienced industry executive having worked in Western Australian mining operations, management & corporate roles for the last 30 years. James is a Mining Engineer by trade and co-founded Delta Lithium in 2020, after a successful stint as Executive Director with Spectrum Metals Ltd. He continues to lead the Company as it strives to develop its exciting package of WA assets.


What is your rationale for taking part in 121 Mining Investment?

Delta Lithium is pleased to participate in the 121 Mining Investment Conference in London as part of our ongoing strategy to engage with high-quality institutional investors, family offices, and strategic partners who share our vision for developing world-class lithium assets in Western Australia.


What recent news would you like to highlight to investors attending?

October 2025: RC Drilling to recommence at Yinnetharra. Gold Drilling at Mt Ida (conducted by Ballard Mining) intercepts notable lithium intervals. Seeks to investigate high grade Rubidium occurrences at Mt Ida.

June 2025: Demerger of gold assets into Ballard Mining Limited (ASX: BM1) and successful IPO. Delta maintains a 46% shareholding in Ballard Mining.

April / May 2025: Acquisition of tenure adjacent to Yinnetharra, including the Aston Project 

March 2025: Yinnetharra Lithium and Tantalum MRE Update


What are your key goals for the next 3, 6 and 12 months?

3 Months

• Successfully complete drill program at Yinnetharra & release results
• Update Mt Ida Lithium/Tantalum resource to include high-grade Rubidium

6 Months

• Complete metallurgy testwork to incorporate rubidium recovery into Mt Ida flowsheet design
• Expand Yinnetharra resource to include recent drilling

12 Months

Be zeroing-in on the pathway to a Final Investment Decision at either Mt Ida or Yinnetharra


What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

The primary challenge facing Delta Lithium is the current weakness in lithium prices, which has impacted sentiment across the sector. However, we remain confident in the long-term fundamentals driven by global electrification and energy storage demand. Delta is well-capitalised and is maintaining a disciplined approach to capital deployment, allowing us to continue advancing our projects while preserving value for shareholders.


What do you think makes your company such a compelling investment?

Delta Lithium presents a unique opportunity to invest in a high-quality, growth-focused lithium developer with:

• Significant Scale – A JORC-compliant resource of 36.5 Mt @ 1.1% Li₂O across Mt Ida and Yinnetharra, including 54.0 Mt @ 126ppm Ta₂O₅, offering strong upside potential.
• Tier-1 Assets & Strategy – Premium projects located in Western Australia, underpinned by a clear, focused lithium development strategy.
• Strong Financial & Strategic Backing – A robust balance sheet and support from leading institutional shareholders.
• Gold Price Leverage – 46% ownership in Ballard Mining provides indirect exposure to record-high gold prices without additional exploration spend.
• Experienced Team – A proven leadership and technical team with a track record of delivering results.

What are the top 3 key investor takeaways?

1. Strong Balance Sheet – Well-funded with a healthy cash position, enabling strategic flexibility including potential M&A opportunities. 

2. Near-Term News Flow – Ongoing drill results expected from the Yinnetharra RC program and potential lithium intercepts from gold-focused drilling at Mt Ida. 

3. Gold Price Leverage – Indirect exposure to the strong gold market through a 46% stake in Ballard Mining, without incurring additional exploration spend.