Nova Minerals Limited · ASX:NVA
Nova Minerals — Snow Lake Resources Ltd., d/b/a Snow Lake Lithium — Investor Presentation (December 2021)
38 slides from Nova Minerals's investor presentation, Dec 1, 2021
Slide 1: Enabling a Sustainable Future
Snow Lake Resources Ltd., d/b/a Snow Lake Lithium Ltd. Dated December 01, 2021 ENABLING A SUSTAINABLE FUTURE Nasdaq: LITM
Slide 2: Disclaimer & Forward-Looking Statements
DISCLAIMER & FORWARD-LOOKING STATEMENTS No securities commission or securities regulatory authority or other regulatory authority has reviewed, passed upon or endorsed the accuracy or adequacy of this document. Any representation to the contrary is unlawful and is expressly disclaimed by Snow Lake R
Slide 3: Our Story
OUR STORY Snow Lake Lithium (SLL) is committed to operating a fully renewable and sustainable lithium mine that can deliver a completely traceable, carbon neutral and zero harm product to the electric vehicle and battery market in North America. Nasdaq: LITM ENABLING A SUSTAINABLE FUTURE 3
Slide 4: Investment Highlights
INVESTMENT HIGHLIGHTS Positioned to capitalize on the rapid growth in demand for lithium, driven by the electrification of the global automobile fleet Powered by 100% renewable energy and launching the first fully electric lithium mine Geographic proximity to the expanding North American electric ve
Slide 5: Lithium Has Experienced Environmental Challenges But Hard-Rock Is Much Less Impactful Than Brine
LITHIUM HAS EXPERIENCED ENVIRONMENTAL CHALLENGES BUT HARD-ROCK IS MUCH LESS IMPACTFUL THAN BRINE Nasdaq: LITM ENABLING A SUSTAINABLE FUTURE 5
Slide 6: A Business That Balances Purpose and Profit
A BUSINESS THAT BALANCES PURPOSE AND PROFIT We aim to become the world’s first lithium mine to achieve certified “B Corporation” status B Corporation A “Certified B Corporation” is a business that meets the highest standards of verified Committed to integrating sustainability in all social and envir
Slide 7: Lithium Production – Country & Demand Projections
IN 2020 LITHIUM PRODUCTION FELL 4.6% LITHIUM PRODUCTION – COUNTRY & DEMAND PROJECTIONS 2020 Global Lithium mine production Supply shortfalls expected (MT) despite (and reserves) in thousand tonnes: new planned lithium mining operations 40.0 (4,700) — Australia 6,000,000 20.6 (9,200) — Chile 14.0 (1,
Slide 8: USA Battery Production Set to Grow Significantly
USA BATTERY PRODUCTION SET TO GROW SIGNIFICANTLY Government policy mandating support for locally sourced lithium • Over-reliance on China (>70% of worldwide capacity for lithium-ion batteries) is seen as a USA national security risk. • June 2021: White House announces plan to secure an end-to-end do
Slide 9: Global Lithium Demand Will More Than Double by 2024
GLOBAL LITHIUM DEMAND WILL MORE THAN DOUBLE BY 2024 Driven by acceleration of battery production Forecasted growth in lithium demand: Global Lithium Consumption vs Electric Vehicle Battery Demand, 2014-2024 • 47.3 kt in 2020 to 117.4 kt in 2024 (CAGR of 25.5%) 1 • 185 kt per year by 2030 (Source: IE
Slide 10: Lithium Comes from Brine and Hard-Rock Deposits
LITHIUM COMES FROM BRINE AND HARD-ROCK DEPOSITS BATTERY PRODUCERS FAVOUR HARD-ROCK LI HYDROXIDE • Lithium hard rock operations are extremely efficient, with lithium found in spodumene, a pyroxene mineral consisting of lithium aluminium inosilicate, LiAl(SiO3)2 • The lithium hosted in spodumene can b
Slide 11: Electric Vehicle Production Driving Demand for Lithium
ELECTRIC VEHICLE PRODUCTION DRIVING DEMAND FOR LITHIUM The global market is set to grow with a CAGR of 30% this decade • Estimated worldwide EV sales: Outlook for EV Market Share by Major Region • 2.5 million in 2020 • 11.2 million in 2025 • 31.1 million by 2030 • EVs to represent c.32% of annual ne
Slide 12: Demand for EVs Driven by Corporate Net Zero Ambition
DEMAND FOR EVs DRIVEN BY CORPORATE NET ZERO AMBITION Decarbonizing corporate fleets is a key focus for many Amazon plans to have 10,000 custom FedEx's entire parcel pickup and delivery In 2020, UPS ordered 10,000 purpose-built electric delivery vehicles on the road by fleet will be zero-emission EVs
Slide 13: OEMs Making Public Commitments to Capture the Market
OEMs MAKING PUBLIC COMMITMENTS TO CAPTURE THE MARKET By 2023 more than 300 electric and plug-in hybrid models will be available 100% of sales from All-electric Investing $7.4B in US Half of sales electric EVs by 2040 by 2035 EV production facilities by 2025 Investing $30B in 50% of sales from EVs $3
Slide 14: OEMs Focused on Sustainably Sourced Materials
OEMs FOCUSED ON SUSTAINABLY SOURCED MATERIALS Traceability of raw materials is a key supply chain risk Global Purchasing & Supply Chain Procurement uses a sustainability enrolling 100% of strategic suppliers risk model for rating all suppliers in Sustainability Goals Framework and the country of ori
Slide 15: Now Factoring Total Supply Chain Emissions
…AND ARE NOW FACTORING TOTAL SUPPLY CHAIN EMISSIONS OEMS are committed to reducing their Scope 3 carbon emissions The automotive industry has largely focused on the reduction of Percent of Total Current Lifecycle Emissions of tailpipe emissions; reducing material production emissions should Internal
Slide 16: Transportation a Major Contributor to Climate Change
TRANSPORTATION A MAJOR CONTRIBUTOR TO CLIMATE CHANGE Global CO2 Emissions from Transportation 2.2% 1.0% 74.5% of transport emissions come from road vehicles Other Rail 45.1% 29.4% 11.6% 10.6% Road (passenger) Road (freight) Aviation Shipping (includes cars, motorcycles, buses and taxis) (includes tr
Slide 17: Highlights of the Thompson Brothers Lithium Project
HIGHLIGHTS OF THE THOMPSON BROTHERS LITHIUM PROJECT • Property includes multiple spodumene pegmatite dykes, which typically appear in clusters • Indicated resource estimate of 9.08 Mt @ 1.00% Li2O; inferred resource estimate of 1.97 Mt @ 0.98% Li2O using a 0.3% Li2O cut-off grade • Initial testing s
Slide 18: Thompson Brothers Lithium Project
THOMPSON BROTHERS LITHIUM PROJECT Located in mining-friendly jurisdiction with access and infrastructure Large Secure Land Position Access • Snow Lake has a strong land position • Year round access to the Property can encompassing 21,703 acres be gained via boat, barge, helicopter or winter ice/bush
Slide 19: Thompson Brothers Project Highlights
THOMPSON BROTHERS PROJECT HIGHLIGHTS Drill results show promise of significant lithium resource Excellent Dimensions Mining • The Thompson Brothers deposit has been • Snow Lake sees the potential for an underground drill tested over a 1Km strike and to a mining operation accessed via ramp at Thompso
Slide 20: A Zero Carbon Mine Powered by Renewable Energy
A ZERO CARBON MINE POWERED BY RENEWABLE ENERGY Working together with leading partners to ensure emissions are net zero “As trends in the mining industry shift towards electrical power, the experienced power solutions team and communications experts at Meglab have developed industry leading solutions
Slide 21: Perfectly Positioned to Supply a Critical Resource to the North American EV and Battery Market
PERFECTLY POSITIONED TO SUPPLY A CRITICAL RESOURCE TO THE NORTH AMERICAN EV AND BATTERY MARKET • Global lithium demand is set to more than double by 2024, mainly driven by electric vehicle (EV) and battery production needed to reduce global carbon emissions • As EV and battery production in Snow Lak
Slide 22: Close Proximity to Low Emission Transportation Nodes
CLOSE PROXIMITY TO LOW EMISSION TRANSPORTATION NODES Easy access to Global manufacturing centres by rail and sea • 35 km from Hudson Bay Railway Arctic Gateway Group • Direct access South to the (owner of Hudson Bay United States rail network Railway) is made up of 627 miles of former Canadian • Dir
Slide 23: Strategically Located to Supply the North American Auto Alley
STRATEGICALLY LOCATED TO SUPPLY THE NORTH AMERICAN “AUTO ALLEY” Located at the tip of the NAFTA “superhighway” with easy access to North American battery and electric vehicle manufacturing sites. Addresses three major issues for manufacturers: 1 • North American source of lithium • Low transportatio
Slide 24: Fully Integrated Processing Strategy
FULLY INTEGRATED PROCESSING STRATEGY Converting ore to battery-grade lithium 1 2 3 4 Ore is extracted Ore is then crushed Floatation plants Lithium spodumene is from the ground at and sorted resulting in a turn concentrated processed at hydroxide c.1% Li2O more concentrated rock rock into 6% Li2O pl
Slide 25: Key Timeline
KEY TIMELINE Current estimates for timing of key milestones at Thompson Brothers Lithium Project Q4 2021 2017-18 Q4 2021 Q4 2021 Q4 2021 Q1 2022 2022 Q4 2022 Q1 2023 Q1 2024 Preliminary Preliminary Begin Additional Initiate Begin Site Start exploration Initial Public Economic Permitting & Drilling a
Slide 26: Engagement and Support of Local Community
ENGAGEMENT AND SUPPORT OF LOCAL COMMUNITY We are acutely aware of the need to respect human rights and the interests, cultures, customs and values of employees and communities affected by our activities. As a company seeking B Corp certification this is embedded in our operating philosophy. “Snow La
Slide 27: Experienced and Purpose-Led Leadership
EXPERIENCED AND PURPOSE-LED LEADERSHIP With 100 years of combined mining industry knowledge Philip Gross Derek Knight Dale Schultz (P.Geo.) Mario Miranda Adam Savitz Brian Youngs (C.Tech.) CEO & Board Member Secretary and COO VP Resource Dev & Board CFO Independent ESG Advisor VP Exploration • Globa
Slide 28: Experienced and Purpose-Led Leadership: Board Members
EXPERIENCED AND PURPOSE-LED LEADERSHIP Board Members Louie Simens Hadassah Slater Nachum Labkowski Allan Engel Chairman Independent Board Member Independent Board Member Independent Board Member • Chairman of the board of directors since • A director since October 2021, Hadassah Slater • A director
Slide 29: Timeline: Upcoming Milestones
TIMELINE UPCOMING MILESTONES Upcoming Milestones Schedule Key Accomplishments Milestones for the Next 12 Months* Beyond the Next 12 Months…* Accumulated large land position of Complete metallurgical analysis Complete bankable feasibility studies 21,703 acres Complete PEA Finalize LiOH offtake agreem
Slide 30: Appendix: The Geology
APPENDIX THE GEOLOGY Nasdaq: LITM ENABLING A SUSTAINABLE FUTURE 30
Slide 31: Pegmatites Typically Occur in Clusters
PEGMATITES TYPICALLY OCCUR IN CLUSTERS Overview of lithium pegmatite deposit geology • Lithium pegmatite dykes • Pegmatites do not form in isolation: account for about one-fourth they typically occur as members of of the world’s lithium larger populations of cogenetic production and are a distinct b
Slide 32: Thompson Brothers Lithium Pegmatite Dyke Cluster
THOMPSON BROTHERS LITHIUM PEGMATITE DYKE CLUSTER Thompson Brothers Lithium Pegmatite Dyke Cluster The Thompson Brothers Lithium deposit represents only one of several lithium- enriched pegmatite dykes forming a cluster associated with the Crowduck Bay Fault • The deposit was drilled in 2017/18 and r
Slide 33: Thompson Brothers Lithium Deposit
THOMPSON BROTHERS LITHIUM DEPOSIT Spodumene (Li2O) Pegmatite from TBL • The Thompson Brothers deposit has been drill tested 1 km along strike and to a vertical depth of ½ Km. • The mineralization averages 7 to 10m in thickness. • Drilling results have delivered consistent lithium grades, excellent w
Slide 34: Drilling Strategy to Increase Resource
DRILLING STRATEGY TO INCREASE RESOURCE • Current Global Resources: 11.1 Million Tonnes at 1.0% Li2O Snow Lake’s drilling program is designed to • The deposit is open in all directions and Snow Lake is confident that the achieve the following: resource can be easily expanded to > 20 Mt • Define the e
Slide 35: Resource Estimation
RESOURCE ESTIMATION Indicated Resource of 9.08 Mt at 1.00% Li2O and an Inferred Resource of 1.97 Mt @ 0.98% Li2O using a 0.3% Li2O cut-off grade Nasdaq: LITM ENABLING A SUSTAINABLE FUTURE 35
Slide 36: Outside Target Sherritt Gordon Cluster (SG)
OUTSIDE TARGET SHERRITT GORDON CLUSTER (SG) • SG lithium pegmatite dyke cluster consists of three lithium pegmatite dykes located on the west side of the Crowduck Bay Fault • The SG-1 dyke was drill tested in 1942 to a depth of 50m and the dyke remains open at depth. This drilling intersected spodum
Slide 37: Preliminary Economic Assessment Nearing Completion
PRELIMINARY ECONOMIC ASSESSMENT NEARING COMPLETION • Preliminary Economic Assessment to be completed by Q3 2021 Mine Layout • Environmental Baseline Study to commence Spring of 2022 • Feasibility Studies to commence summer of 2022 Nasdaq: LITM ENABLING A SUSTAINABLE FUTURE 37
Slide 38: Investor Relations
Contact: Investor Relations Snow Lake Resources Ltd., d/b/a Snow Lake Lithium Ltd. email: ir@snowlakelithium.com twitter: @SnowLakeLithium website: snowlakelithium.com Nasdaq: LITM ENABLING A SUSTAINABLE FUTURE 38
Snow Lake Resources Ltd., d/b/a Snow Lake Lithium — Investor Presentation (December 2021) on 6ix