Lithium Argentina AG

Technical Information

The information contained in this section has been derived, in part, from the Caucharí TR, is subject to certain assumptions, qualifications and procedures described in the Caucharí TR, some of which are not fully described herein, and is qualified by the full text of the Caucharí TR. More detailed scientific and technical information on the Caucharí-Olaroz Project can be found in the Caucharí TR that was filed with the securities regulatory authorities in each of the provinces of Canada on October 19, 2020. The Caucharí TR has an effective date of September 30, 2020 and was prepared by Ernest Burga, P.Eng., David Burga, P.Geo., Daniel Weber, P.G., RM-SME, Anthony Sanford, Pr.Sci.Nat., and Marek Dworzanowski, C.Eng., Pr.Eng., each of whom is a “qualified person” for the sections of the Caucharí TR that they are responsible for preparing. Reference should be made to the full text of the Caucharí TR, which is available for viewing under the Company’s profile on SEDAR+ at www.sedarplus.com.

All capitalized terms used in the disclosure below that are not otherwise defined shall have the meanings ascribed thereto in the Caucharí TR.

Information contained in the Caucharí TR, including (but not limited to) mineral extraction, processing and recovery operations, projected costs, and project economics for the Caucharí-Olaroz Project (including, for greater certainty, revenue, net present value, internal rate of return, cash flow, earnings and payback period) are presented as of the date of the Caucharí TR based on criteria, assumptions, estimates and other information available at the time and therefore may not reflect actual results and outcomes, updated project economics, capital costs (including, without limitation, increased capital costs discussed above) and/or operating costs for the project. As a result, actual results may differ from those presented. See “– Risk Factors – Risks Related to Resource Development – Capital and Operating Cost Estimates and Project Economics”. See also “Description of the Business – Caucharí-Olaroz Project – Recent Developments – Construction, Development and Ramp-up Update”.