Galan Lithium Limited · ASX:GLN
Galan Lithium — RIU Sydney Resources Round-Up 2022
23 slides from Galan Lithium's conference presentation, May 3, 2022
Slide 1: ASX Announcement: Presentation at RIU Sydney Resources Round-Up
ASX ANNOUNCEMENT 3 May 2022 For personal use only Presentation at RIU Sydney Resources Round-Up ______________________________________________________________ Galan Lithium Limited (ASX: GLN) is pleased to advise that its Managing Director, JP Vargas de la Vega, will be presenting today at the RIU S
Slide 2: Developing High-Grade Lithium Brine Projects in Argentina
For personal use only DEVELOPING HIGH- GRADE LITHIUM BRINE PROJECTS IN ARGENTINA Investor presentation May 2022 A S X : G LN FSX : 9CH galanlithium.com.au
Slide 3: Disclaimer and important information
Disclaimer and important information This presentation has been prepared by Galan Lithium Limited. The Preliminary Economic Assessments (PEA’s) are preliminary technical and economic studies (equivalent to a JORC Scoping Study) of the potential viability of the Hombre Muerto West (HMW) and Candelas
Slide 4: Rapidly advancing our leading Hombre Muerto Projects to production
Rapidly advancing For personal use only our leading Hombre Muerto Projects to production The highest grade and lowest impurity lithium brine assets in Argentina Investor presentation 3
Slide 5: Corporate snapshot
Corporate snapshot Strong cash liquidity, tight share register For personal use only Market capitalisation Share price Major shareholders A$511M A$1.68 A$/share 2.5 Shares on issue 2.3 304M 2.1 Consistent 1.9 share price Net cash position 1.7 appreciation 1.5 A$59M 1.3 1.1 Directors & Top 20 managem
Slide 6: Delivering on our commitments
Delivering on our commitments Rapid dual-track project advancement (HMW and Candelas Projects) For personal use only Landholding increases at Ganfeng Lithium International joins High grade maiden Mineral Resource Proof of concept tests achieve Targeting Targeted Hombre Muerto Galan register estimate
Slide 7: The premier lithium developer
The premier lithium developer For personal use only World-class location Compelling economics Sustainable supply 01 Le a di n g h i g h g r a de , lo w i m p u r i ty br i n e a s s e ts i n T i e r 1 li t h i u m s e t t i ng 02 De t a i le d s t u dy wo r k s u p po rts de li v e r y o f h i g h r
Slide 8: World-class location: Tier 1 geological endowment
01 World-class location Tier 1 geological endowment For personal use only Hombre Muerto Salar is LITHIUM TRIANGLE perfectly positioned in Argentina’s prolific Lithium Triangle • Host to the world’s largest lithium reserves • Approx. 40% of total annual lithium production is from the Atacama (No. 1 g
Slide 9: World-class location: Highly strategic positioning
01 World-class location Highly strategic positioning For personal use only 25+ year history of large- scale production from Our projects Livent with further border, or lie within a 20km development underway radius of Livent, Allkem and POSCO tenure • Substantial international investment Galan HMW in
Slide 10: High grade, low impurity brine assets
01 World-class location High grade, low impurity brine assets For personal use only Our Hombre Muerto assets are amongst B r i n e R e s o u r c es L i ( m g / l ) v s M g / L i r a t i o the very best brine projects • Leading lithium grades matched with low potassium and magnesium concentrations HO
Slide 11: Compelling economics: HMW PEA outcomes
02 Compelling economics Strong, conservative PEA outcomes for 20 ktpa LCE development at HMW For personal use only Flagship HMW Project 100% ownership Preliminary Economic Assessment (December 2021) UoM Result Project life Years 40 • Low-risk, proven process technology Steady state lithium carbonate
Slide 12: Piloting work to further de-risk HMW development
02 Compelling economics Piloting work to further de-risk HMW development and operation For personal use only HMW Pilot Plant operations commenced • Construction of initial 3,000m 2 evaporation pond completed in April 2022 • Brine filling of pond complete and evaporation testing commenced • Set to fu
Slide 13: Attractive Candelas growth project
02 Compelling economics Attractive Candelas growth project (+14 ktpa LCE) For personal use only Highly complementary Candelas Project Preliminary Economic Assessment (November 2021) UoM Result 100% ownership Project life Years 25 Steady state lithium carbonate production Tonnes/year 14,000 • Also lo
Slide 14: Low-cost ktpa base lithium carbonate output projected
02 Compelling economics Low-cost 34 ktpa base lithium carbonate output projected For personal use only All-in sustaining cost US$/t LCE Galan boasts two PEA (Scoping Study) l evel Brine (2021) projects with combined l ong term base Mineral (2021) production of 34 ktpa LCE Hombre Muerto West (G
Slide 15: Sustainable supply: Low energy and low carbon footprint
03 Sustainable supply Low energy and low carbon lithium brine production footprint For personal use only Comparison of energy consumption Attractive relative MJ/kg 300 200,000 290 Comparison material, data from literature Spodumene based products Brine products environmental 250 200 footprint
Slide 16: Rapid project delivery: fast track route to production
04 Rapid project delivery Fast track route to lithium production and long-term 34 ktpa base LCE output For personal use only Targeting first-phase Li concentrate production from HMW in CY24 and Li 2 CO 3 from CY25 • HMW Mineral Resource estimate upgrade on track for Q3 CY22 • HMW Feasibility Study o
Slide 17: Best in-class team
05 Best in-class team Highly experienced Board, management and in-country team For personal use only Richard Juan Pablo (JP) Daniel Christopher Terry Raymond Homsany Vargas de l a Vega Jimenez Chalwell Gardiner Liu Non-Executive Ma naging Non-Executive Non-Executive Non-Executive Non-Executive C h a
Slide 18: Further project pipeline: Greenbushes South
06 Further project pipeline Hardrock lithium exploration upside For personal use only Greenbushes South Lithium Project Joint Venture 80% ownership 1 • Located 3km south of world-class Greenbushes Lithium mine, one of the world’s largest, highest grade hard rock spodumene deposits • Tenements inters
Slide 19: The premier lithium developer
The premier lithium developer For personal use only 01 World-class location Leading high grade, low impurity brine assets in Tier 1 lithium setting 02 Compelling economics Detailed study work supports delivery of high return, low process risk projects 03 Sustainable supply Low energy and low carbon
Slide 20: On the fast track to lithium carbonate production
On the fast track to For personal use only lithium carbonate production With our flagship HMW Project and highly complementary Candelas Project in South America’s lithium triangle Investor presentation 19
Slide 21: Appendix 1: Mineral Resource estimate
Appendix 1: Mineral Resource estimate For personal use only M i n e r a l R e s o u r c e S t a t e m e n t f o r C a n d el a s 1 Mineral Resource Statement f or Hombre Muerto West2 In situ Li Avg. Li LCE Avg. K In situ K KCl Equiv. In situ Li Avg. Li LCE Avg. K In situ K KCl Equiv. Category (kt) (
Slide 22: Appendix 2: Peer brine resource table
Appendix 2: Peer brine resource table Salt lake Company Code Li Measured Indicated Inferred Total For personal use only (ml/L) kt LCE kt LCE kt LCE kt LCE Salar de Rincon Rincon Lithium JORC 403 3,600 4,300 7,900 Salar de Rincon Argosy JORC 325 245 245 Pozuelos y Pastos Grandes Litica Pluspetrol LSC
Slide 23: For personal use only
For personal use only Le v e l 3 , 3 0 R i ch a r ds on S t r e e t W e s t P e r t h, W A 6 0 0 5 PO Box 396 W e s t P e r t h, W A , 6 87 2 P h o n e: + 6 1 8 9 3 2 2 6 2 83 Fax: +61 8 9322 6398 Em a i l: jp @ g a la n li thi um .com.a u www.galanlithium.com.au