Reedy Lagoon Corporation Limited · ASX:RLC
Reedy Lagoon — Investor Presentation (November 2017)
17 slides from Reedy Lagoon's investor presentation, November 2017
Slide 1: Reedy Lagoon Corporation
REEDY LAGOON CORPORATION Advancing lithium brine projects in Nevada Investor Presentation | November 2017
Slide 2: Disclaimer
Disclaimer This presentation is 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. This presentation may not be distributed in
Slide 3: Introduction
Introduction ➢ Reedy Lagoon Corporation Limited (“Reedy Lagoon”) (ASX:RLC) is an Australian company focused on its newly acquired prospective lithium brine projects located in Nevada, USA. ➢ The highly prospective projects are located near existing lithium producer Silver Peak and less than 300km aw
Slide 4: Corporate Overview
Corporate Overview Number of Units 12 Month Share Price Performance and Volume Capital Structure (m) 20,000 0.08 18,000 0.07 Ordinary Shares, ASX Code RLC 175.6 16,000 0.06 Unlisted Options 2.7 14,000 0.05 Volume ('000) 12,000 Price ($) Fully Diluted Shares 178.3 10,000 0.04 8,000 0.03 6,000 0.02 4,
Slide 5: Board of Directors & Management
Board of Directors & Management A former partner of King & Wood Mallesons where he practised in the areas of corporate Jonathan M. Hamer and finance law. Jonathan has been advising Reedy Lagoon since 1988 on a range of legal Non Executive - Chairman and commercial issues, including in its various jo
Slide 6: Project Highlights
Project Highlights ➢ Strategic Acquisitions – Project areas were selected based on geological analogies to the proximal Silver Peak operation (Clayton Valley) of Albemarle where lithium has been produced from brines since the 1960’s. ➢ Multiple Drill Targets - Recent geophysical magneto-telluric sur
Slide 7: Lithium In Nevada
Lithium In Nevada Nevada Overview ➢ Outside China, the two main regions in which lithium brines are currently pumped and processed are the Atacama Desert region in South America (Argentina, Chili and Bolivia) and Nevada, USA ➢ South American Brines typically contain high levels of magnesium, calcium
Slide 8: Columbus Salt Marsh
Columbus Salt Marsh ➢ The property is located 45km north west of Clayton Valley. This valley represents a closed basin with extensive Tertiary volcanic deposits in the surrounding hills. ➢ The deeper of the two drill holes shown above is a 1,000 metre deep hole designed to test the largest indicated
Slide 9: Big Smoky South
Big Smoky South ➢ Located 10km northwest of the Silver Peak lithium operation where the southern extent of Big Smoky Valley meets the western side of Clayton Valley. ➢ DH1 shown above is a 1,000 metre deep hole designed to test a brine target identified in the Company’s MT survey data at depths betw
Slide 10: Alkali Lake North
Alkali Lake North ➢ Based on gravity data a discrete sub basin has been staked with 128 placer claims. The sub basin is located 30km northeast of Silver Peak and it occurs within an extensive 30km long, northwest trending basin that drains to the south towards Alkali Lake. ➢ The 1,000 metre deep hol
Slide 11: Exploration Target
Exploration Target Exploration Target for the Nevada Lithium Brine Project estimated as: (Exploration Target released to ASX on 23 February, 2017) Cautionary Statement At the time of preparing this Exploration Target estimate the company has not undertaken any drilling or sampling on the properties.
Slide 12: Proposed Drilling
Proposed Drilling The Company is targeting a single core drill hole to a depth of 1,000 metres in order to identify the key aquifers amongst the projects. The cost of the drill hole is estimated at A$2 million which includes the cost of extensive pump testing, sampling and completing the hole as “mo
Slide 13: Direct Extraction
Direct Extraction ➢ Although no commercial plant using direct extraction is yet in operation, pilot plants are under construction. ➢ Process pathways are currently being developed to extract lithium directly from a brine, enabling processing into a battery grade lithium compound. ➢ Direct extraction
Slide 14: Lithium Market Dynamics
Lithium Market Dynamics Growing Market ➢ With lower market costs of lithium-ion batteries, electric vehicles (EVs) are set to become more affordable to meet growing demand. ➢ The use of electric vehicle technology is set to increase for cars, buses and bikes. This is primarily driven by continual de
Slide 15: Peer Comparison
Peer Comparison Company Market Cap Description ASX:ASN $30m Explorer – brines in Parodox Basin, Utah. Old oil and potassium explorers’ data: Target 2km deep; 1500 ppm Li, 46k ppm Mg, 43k ppm Ca ASX:CAD $16m Explorer – brines in Nevada, expanding to gold in Pilbara (Oct 2017) Nevada, expanding to gol
Slide 16: Wrap Up and Vision
Wrap Up and Vision ➢ Three exciting brine targets identified in Nevada – proven lithium potential and proximity to major lithium plant (Tesla) ➢ Columbus Marsh and Big Smoky permitted ready for drilling – no historical drilling on these targets. ➢ Drilling to commence within one month of completion
Slide 17: Competent Persons Statement
Competent Persons Statement The information in this report as it relates to exploration results and geology was compiled by Mr Geoff Balfe who is a Member of the Australasian Institute of Mining and Metallurgy and a Certified Professional. Mr Balfe is a consultant to Reedy Lagoon Corporation Limited