Lithium Universe Limited · ASX:LU7
Lithium Universe — Investor Presentation (March 2024)
36 slides from Lithium Universe's investor presentation, Mar 7, 2024
Slide 1: A new lithium company emerges from the galaxy
For personal use only After a 10 year hiatus, a new lithium company emerges from the galaxy ASX LU7
Slide 2: Lithium Universe Limited - Lithium Future
Universe LIMITED LITHIUM FUTURE a
Slide 3: Lithium Trail Blazer is Back
Iggy Tan, Chairman Lithium Trail Blazer is Back For personal use only • Ran Greenbushes Li in 1995, commissioned Li Carb Plant • First mining executive - lithium-ion battery future • First large scale integrated mine to refinery project • Built Mt Cattlin Spodumene Mine (137 ktpa) • Built Jiangsu Li
Slide 4: Successful at Start-Ups
Successful at Start-Ups • Spodumene price - US$ 260/tonne at the time • Largest plant in the world at the time For personal use only • FY 22-23 EBITDA record of US$516m • Best quality Li Carbonate today • 130,984 dmt of spod 5.3 %Li2O • Li Carb price then US$ 6,000/tonne Mt Cattlin Spodumene Jiangsu
Slide 5: Proven Lithium Expertise
Proven Lithium Expertise For personal use only Greenbushes Lithium Veteran International Downstream Expert Patrick Scallan OAM Dr Jingyuan Liu PhD Non-Executive Director Non-Executive Director • Ran Greenbushes Mine for • Ex-Galaxy GM Technology 25 years • Leading technical expert in • Oversaw expan
Slide 6: Why Canada?
Why Canada? For personal use only • Australia produced >2.3 mt spodumene in 2022 • Australia pillar of China Li battery value chain • Fertile ground for spodumene • Lack of production from Canada • Quebec global resource estimates ~500Mt @ +1% Li2O • Australian expertise moving to Canada “Canada wan
Slide 7: We are not here to explore for exploration's sake
For personal use only “We are not here to explore for exploration's sake” ASX LU7
Slide 8: We are here to build a Lithium project in Canada
For personal use only “We are here to build a Lithium project in Canada as quick as we can” ASX LU7
Slide 9: Apollo Vehicle to the Universe
Apollo Vehicle to the Universe For personal use only • Situated in James Bay, Quebec • Apollo (80%) Acquired in June 2023 • Large footprint of 466 claims & 240 km2 Apollo Project, Quebec ASX LU7
Slide 10: James Bay Lithium Hot Spot
James Bay Lithium Hot Spot Pegmatite Outcrops For personal use only HIGH GRADE, THICK MINERALISATION, CLOSE TO SURFACE Winsome Resources MRE 109 Mt @ 1.42 Li2O Cancet Patriot Battery Metals Corvette MRE 59 Mt @ 1.12 Li2O Apollo Project 28 Kms Winsome Resources Adina
Slide 11: Exploration Continues at Apollo
1 For personal use only Exploration Continues at Apollo • Partnered with Laurentia Exploration Inc • High-resolution Airborne Magnetic Survey completed • Micro-Gravity and soil sampling program • Priority drilling targets identified
Slide 12: For personal use only
For personal use only
Slide 13: Lithium Dream Team
Iggy Tan Patrick Scallan Dr Jingyuan Liu Chairman NED NED For personal use only Ex Galaxy MD Ex GM Talison Ex Galaxy GM Technology Alex Hanly CEO Lithium Dream Team John Loxton Head of Li Refinery Ex Hatch Li Carb Plant Terry Stark Roger Pover Huy Nguyen Head of Mining Head of Processing Engineering
Slide 14: Typical Li Mine Development
Typical Li Mine Development For personal use only 8-10 Years to First Product Maiden Scoping PFS DFS Funding Construct 12 mths 12 mths 12 mths 12 mths 12 mths 18 mths Explore Options Select Develop Due Diligence Commission 6 Maiden Res Feasible Estimates Firm Quotes Funding mths Exact Plant Design A
Slide 15: Dream Team Track Record - Mt Cattlin
Dream Team Track Record Mt Cattlin Spodumene Project For personal use only 3 Years to First Product Maiden DFS Construct First Product Jan 2009 Dec 2007 Aug 2009 Oct 2010 DFS Completed 2 mt Resource Construction Starts Plant Complete 12.3 mt Resource • Skip Scoping, PFS • Run things in parallel • Te
Slide 16: Trouble Li OH Plants
Trouble Li OH Plants For personal use only Tianqi Kwinana LiOH Abermale Kemerton LiOH • 5 Years so far • Construct 2019 (5 years) • Capital Cost Blowout • 18 mth commissioning • A$400m to A$770m • Still <50% of design rate • FY 23 - 8% of design • Parachuting Chinese operators ASX LU7
Slide 17: Failed Canadian Li Projects
Failed Canadian Li Projects For personal use only North American Lithium Nemaska Lithium • DFS completed 2011 • DFS completed 2018 • Started 2014 • Spent CAD 411 m • Spent circa CAD 250m • Failed to start up 2019 • Produced 109 t LC • Bankruptcy 2015 ASX LU7
Slide 18: Dream Team Track Record - Jiangsu Li Carbonate Plant
Dream Team Track Record Jiangsu Li Carbonate Plant For personal use only 2 Years to Commercial Production Ground Start of Project Breaking Construction Completion 6 May 2012 21 Feb 2010 6 Dec 2011 (6 mths 1 May 2010 (19 mths) Commissioning) • Capital Cost – US$120 m • At design rate • Highest qualit
Slide 19: Why have these projects failed?
Why have these projects failed? For personal use only • Lack of operating & maintenance direction at design • Lack of overall plant operation understanding • Limited management oversight at design • Limited commissioning experience Our Lithium Dream Team are Operators DESIGN
Slide 20: Canada Forcing Critical Minerals Strategy
Canada Forcing Critical Minerals Strategy For personal use only • Ordered Sinomine to divest from Power Metals Corp • Relinquish spodumene off-take contract • Citing “multi-step security review” • Established automotive industry EVs • Canada appears to be forcing a downstream lithium solution
Slide 21: Lithium Conversion Gap
Lithium Conversion Gap For personal use only • Approx 900GW battery/cathode factories in Nth America • Equivalent to 800kt LCE by 2028 • Currently no operational refineries in North America • Planned conversion capacity of ~100Kt LCE by 2028 “I’d like to once again urge entrepreneurs to enter the li
Slide 22: Solving Challenges for Canada
Solving Challenges for Canada For personal use only Government No Operating Downstream Converters Requirement Quebec Lithium Processing Hub (QLPH) Lack of Processing Experience ASX LU7
Slide 23: Quebec Lithium Processing Hub concept
Partner Mine Apollo Mine For personal use only ROM ROM Quebec Lithium QLPH Concentrator Spod Conc Processing Hub (QLPH) 1Mtpa QLPH Lithium Carbonate 140,000tpa Plant Concept External Concentrate Mine to Battery Grade Lithium Battery Grade Carbonate Strategy Lithium Carbonate 16,000 tpa Canadian US B
Slide 24: QLPH Concentrator
QLPH Concentrator For personal use only Partner Mine Partner Mine • Based on proven Mt Cattlin design ROM ROM • 5 Year ROM off-take JV deal – local juniors • Brings early cash flow for juniors to develop mines QLPH Concentrator Spod Conc 1Mtpa 140,000tpa Concentrator JV Partner Mine Partner Mine • A
Slide 25: QLPH Concentrator Engineering Study
QLPH Concentrator Engineering Study For personal use only • Lithium experience – Bald Hill, Covalent, Core, James Bay 2 • Today’s price for Mt Cattlin style concentrator in Canada • DFS level of study
Slide 26: QLPH Concentrator
QLPH Concentrator Open Pit Mining Ore Haulage 1.0 Mtpa 3 Stage ROM For personal use only Crusher -20mm Ore Sorter Crushed Ore Storage Heavy Media 4th Stage Separation >3mm 1o Mica Crusher Screening Removal Ore Sorter Filter -6mm Heavy Media Attritioner Separation +0.85mm Waste Waste Reflux 1o Spodum
Slide 27: Battery Grade Lithium Refinery
Battery Grade Lithium Refinery For personal use only • 16,000 tpa battery grade lithium carbonate plant • Not a toll Company – Purchaser of Concentrate QLPH Spod Conc Concentrator • Based on proven Jiangsu design 1Mtpa QLPH Lithium 140,000tpa Carbonate • Battery grade LC sold to Canada, USA, Europe
Slide 28: QLPH Lithium Carbonate Engineering Study
QLPH Lithium Carbonate Engineering Study For personal use only • Canadian Co, Aust based, Canadian Offices 3 • Built Jiangsu Li Carbonate Plant • Jiangsu style refinery in Canada – current price • DFS level of study
Slide 29: QLPH Lithium Refinery
QLPH Lithium Refinery Sulphuric Acid For personal use only Cooler Calciner Cooler Sulphating Hydrated Alpha Kiln Hydrated Beta Lime Spodumene Spodumene Lime Spodumene Ball Milling Water Filter Process Liquor Leaching Polishing Wash Tank Filter Mg Ca Water Alumina Precipitation Precipitation Sodium S
Slide 30: Why Li Carbonate not Li Hydroxide?
Why Li Carbonate not Li Hydroxide? For personal use only • Proven track record in Li Carbonate • 47% Li Carbonate used around the world • Li Carbonate feed for LFP lithium batteries • LFP battery demand growth due to safety and costs • Tesla, Ford, GM & Volkswagen moving to LFP batteries
Slide 31: For personal use only
For personal use only
Slide 32: Prime Industrial Property Secured
Prime Industrial Property Secured For personal use only • Bécancour Waterfront Industrial Park • Strategic location, hydroelectricity, gas, road, rail, and spodumene import facilities • Host to General Motors/POSCO Cathode factory and Ford/EcoPro BM Cathode factory • Precinct is140km from Northvolt’
Slide 33: Lithium Carbonate Refinery Test Program Underway
Lithium Carbonate Refinery For personal use only Test Program Underway • Metallurgical testing - International sources of spodumene • Lithium Refinery to have robust capability • Shipment to Becancour – while Canadian Li industry develops • First program achieves 99.7% LiCO3 above the battery grade
Slide 34: Lithium Dream Team
Lithium Dream Team For personal use only Proven Lithium Track Record World Leading Lithium District Quebec becoming emerging world leader in lithium production and battery manufacture Quebec Lithium Processing Hub Vertically integrated mine to battery grade lithium strategy ASX LU7
Slide 35: Join us on our Mission to the Universe
For personal use only Join us on our Mission to the Universe Building a Lithium Future ASX LU7
Slide 36: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS The Company wishes to remind investors that the presence of pegmatite does not necessarily equate to spodumene mineralization. Also that the presence of pegmatite and spodumene mineralization on nearby tenements does not necessarily equate to the occurrence on Lithium Univ
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