Lomiko Metals — Investor Presentation (May 2024)
44 slides from Lomiko Metals's investor presentation, May 2024
Slide 1: A responsible developer of choice in Quebec, Canada
A responsible developer of choice in Quebec, Canada A partner of excellence in North America for a shared climate success story May 2024
Slide 2: Disclaimer
DISCLAIMER This presentation is not a prospectus, offering memorandum or an advertisement and is being provided for information purposes only and does not constitute or form part of, and should not be construed as, an offer or invitation to sell or any solicitation of any offer to purchase or subscr
Slide 3: Land Acknowledgement
Land Acknowledgement The land/projects where we operate are located within the traditional land of the Algonquin Anishnaabeg and Cree Eeyou Istchee Peoples. Our vision is to embrace Indigenous people and Indigenous values within our projects to develop a sustainable approach on our path to critical
Slide 4: Sustainability is at the heart of our core values
Sustainability is at the heart of our core values Cindy Valence appointed to Chief Sustainability Officer. Cindy resides in the Laurentides region in Quebec, Canada and has vast experience and applied knowledge of the energy transition sector ❖ Three strategic pillars: 1. Full integration in the bat
Slide 5: Over CA$16m concurrent Canadian and USA funding announced May 16
Over CA$16m concurrent Canadian and USA funding announced May 16 ✓ These are non-dilutive non-repayable awards ✓ Recipient of a US$8.35m (CA$11.2m) R&D (Research & Development) grant from the United States of America Department of Defense (“DoD”) and CA$4.9m contribution from Natural Resources Canad
Slide 6: The Lomiko Advantage
The Lomiko Advantage Potential for Wealth Creation Diverse & Experienced Team • 15-year life of mine (PEA) and additional claims in region Values driven, energetic and experienced management team • Fully supported by the US government with US$8.35m grant and Canada contribution Strong Partnership Fo
Slide 7: www.lomiko.com TSXV: LMR OTC: LMRMF FRANKFURT: DH8C
www.lomiko.com TSXV: LMR OTC: LMRMF FRANKFURT: DH8C 7
Slide 8: Ranked as the seventh biggest deposit worldwide by Mining.COM
Lomiko advantage: Ranked as the seventh biggest deposit worldwide by Mining.COM Source: Company filings 8
Slide 9: Lomiko is poised to be the responsible developer of choice in the South of Quebec
Lomiko is poised to be the responsible developer of choice in the South of Quebec La Loutre Graphite Project Source: NI 43-101 Technical Report and Preliminary Economic Assessment (July 2021) 9
Slide 10: Lomiko collaborations
Lomiko collaborations Femina € corem Collective — Innovation en traitement de minerais | nvestissement C RITM Innovation in mineral processing ae Québec SOMUEM ._.. Canada ECOLOGO eer A National Research errehey) UNIVERSITE Council Canada 65 Be LAVAL Conseil national de recherches Canada Internation
Slide 11: May 16 Announcements
May 16 Announcements 6&6 2: @. 7 e© © « Cm? i)
Slide 12: Summary of DoD Technology Investment Agreement
Summary of DoD Technology Investment Agreement ✓ Award: US$8.35m • The TIA agreement entered into with the DoD is to complete three distinct phases of research and development work with independent experts and consultants over a 5-year period to develop, test and prove a production process from natu
Slide 13: Summary of CMRDD program administered by Natural Resources Canada
Summary of CMRDD program administered by Natural Resources Canada ✓ Award: CA$4.9m • The CMRDD program administered by Natural Resources Canada is to pilot the integrated graphite upgrading process with a 200 mt bulk sample over 3 years for a total contribution agreement of CA$6.6m where Lomiko will
Slide 14: La Loutre Development
La Loutre Development A de-risked path to continued development of this strategic critical mineral asset • The U.S. DoD has provided a grant for 50% of the study costs and NRCan is contributing 75% of the pilot program costs, significantly de-risking the project. Phase Four Construction Phase Three
Slide 15: Comparable Analysis
Comparable Analysis • Lomiko is at an attractive valuation with significant near-term upside from a de-risked La Loutre project. • Strategic critical mineral asset with 2.9Mt of in-situ graphite is a catalyst to support the clean energy transition EV/Resource (M&I) Price/Book (mrq) Graphite One Inc
Slide 16: Market for Graphite
LOMIKO METALS. Market for Graphite
Slide 17: The China dynamic
The China dynamic China is the world's top graphite producer and exporter and refines more than 90% of the world's graphite • Trade war on critical minerals has been ongoing • China declared its intention to implement export permits for certain graphite products to safeguard national security in Dec
Slide 18: The EV market is in high growth mode
The EV market is in high growth mode • International Energy Agency (IEA): the number of electric cars, vans, trucks and buses on roads is forecast to grow from 11M in 2020 to 145M by 2030 (Right) • In 2022, China accounted for over 50% of all EVs on the road (13.8M of 26M globally) The surging EV ma
Slide 19: Graphite shortfall starting in 2023, shortfall to increase to 8Mt by 2040
Graphite shortfall starting in 2023 Shortfall to increase to 8Mt by 2040 Projected Anode Demand (Mt) Graphite Market Balance - Projected Demand and Supply (Mt) 12,000,000 9,000,000 8,000,000 10,000,000 7,000,000 6,000,000 8,000,000 La Loutre 5,000,000 Projected start 4,000,000 6,000,000 3,000,000 4,
Slide 20: La Loutre Graphite Project
La Loutre Graphite Project 20
Slide 21: La Loutre PEA details dated September 2021
La Loutre PEA details dated September 2021 • Two known deposits currently being explored: EV Carmin Zone and Battery Zone Zone • LOM plant production of 21.8 Mtonnes of mill feed at 6.78% Cg diluted EV Zone • Graphite concentrate production at 1.43 Mtonnes Battery grading 95.0% Cg Zone • 14.7-year m
Slide 22: Achieving 184% Increase in Tonnage Indicated Mineral Resources
Achieving 184% Increase in Tonnage Indicated Mineral Resources La Loutre Resource Estimate (Effective Date: March 31, 2023) Source: InnovExplo March 2023 2023 MRE 2021 MRE Deposit EV Battery TOTAL EV Battery TOTAL Cut-off (%) Cg 1.5 1.5 1.5 1.5 1.5 1.5 Indicated Tonnage (kt) 24,267 40,429 64,696 8,1
Slide 23: La Loutre Graphite Met Studies - Summary
La Loutre Graphite Met Studies - Summary ✓ SGS & Metpro Characterization Study, Feb 2023 640kg core sample that was homogenized and used to test the graphite mineralization. Optimization of the flotation circuit resulted in achieving 94.7% recovery and reconciled LCT (Locked Cycle Testing) testing g
Slide 24: La Loutre Graphite Met Studies - Summary
La Loutre Graphite Met Studies - Summary ✓ Polaris Study Phase 1 & Phase 2, January & April 2024 Polaris tested electrochemical characteristics of cSPG (coated spherical graphite) by subjecting a half- cell coin and a single-layer pouch full-cell batteries demonstrating that La Loutre cSPG quality i
Slide 25: SGS Characterization Study, 2023: 67% fines content
SGS Characterization Study, 2023 67% fines content in the flotation concentrate • La Loutre flake distribution is ~67% fines - suitable for anode market 37% growth year over year! • -100 mesh is used most commonly in SPG (spherical graphite) as a precursor for battery production Size Fraction Analys
Slide 26: La Loutre metallurgical program 99.99% purified graphite content
La Loutre metallurgical program 99.99% purified graphite content ✓ Completed PFS level met testing and optimized flow sheet ✓ Completed value-added testing with ProGraphite – micronization, spheroidization, and purification: ✓ Proved that La Loutre material is suitable for battery applications - Sph
Slide 27: La Loutre single layer pouch full-cell battery testing
La Loutre single layer pouch full-cell battery testing met and surpassed commercial graphite results ✓ Demonstrated that La Loutre material is suitable for battery applications – single layer pouch full cell battery testing completed with Polaris Battery Labs, LLC, USA, ✓ The single-layer pouch cell
Slide 28: La Loutre graphite development milestones
La Loutre graphite development milestones • Permitting and capital dependent – 100,000tpa flake concentrate PFS / Includes anode transformation plant at PEA Pilot Plant Testing Feasibility Study Baseline studies EIS/ BAPE/ Permitting Construction Production 2024 2025 2026 2027 2028 2029 28
Slide 29: Lomiko Exploration Potential
Lomiko Exploration Potential 29
Slide 30: Graphite: Carmin
Graphite: Carmin Carmin - historic PFS contiguous to La Loutre Carmin The original historical estimate contemplated certain assumptions Zone A where the mineral resources are stated as Proven and Probable resources for Sites A and B. • Site A: total 1.55 Mt at 10.0% Cg Proven: 1.47 Mt at 10.29% Cg (
Slide 31: Regional exploration in Grenville belt
Regional exploration in Grenville belt Most prospective graphite belt in North America • Completed 1,518-line kilometers of heliborne geophysical surveys completed over the six graphite properties, with 55 targets identified • 264 claims in total on 6 early-stage projects covering 15,639 hectares in
Slide 32: Lithium exploration on massive claim package on Nemaska lithium corridor
Lithium exploration on massive claim package on Nemaska lithium corridor Bourier Property 32
Slide 33: Lithium exploration on massive claim package on Nemaska lithium corridor
Lithium exploration on massive claim package on Nemaska lithium corridor Bourier • 49% ownership achieved • 203 claims for a total ground position of 10,252 hectares (102 km2) that boasts other lithium deposits and known lithium mineralization • Bourier consists of volcano-sedimentary units, sequenc
Slide 34: Lomiko Advantage
2 LOMIKO tte’ METALS. Lomiko Advantage
Slide 35: NPV scenario analysis: Positively leveraged to expected graphite price increases
NPV scenario analysis: Positively leveraged to expected graphite price increases • PEA used a graphite concentrate selling price of US $916/t • The current forecast selling price for +94%Cg is US $1,070/t of graphite concentrate (source: Benchmark / Lone Star) • Current public information by graphit
Slide 36: Concentrate Grade and NPV/Capex Multiple
Lomiko advantage: Concentrate Grade and NPV/Capex Multiple • Updating the Lomiko PEA for US $1,500/t Graphite selling price improves on current solid project returns. • The La Loutre project combines high-grade coventrate with compelling economics of a post-tax IRR of 43%, post- tax NPV of $520M, an
Slide 37: High Quality project with low capital requirements
Lomiko advantage: High Quality project with low capital requirements combined with High-Grade Graphite Concentrate Project Location Africa/Europe North America 37
Slide 38: Cut-Off Grade & Graphite Con Grade
Lomiko advantage: Cut-Off Grade & Graphite Con Grade Lower cost and higher recovery Project Location Africa/Europe North America 38
Slide 39: PEA: La Loutre delivers 97.4kt/year over a 15-year mine life
PEA: The La Loutre project delivers 97.4kt/year over a 15-year mine life – PEA only, expansion possible Lomiko – La Loutre Operating Graphite Mines Source: Company filings 39
Slide 40: Diverse leadership & Experienced team and board
Diverse leadership & Experienced team and board MANAGEMENT TEAM BOARD OF DIRECTORS Belinda Labatte, CEO, CFA, MBA, ICD.D Sagiv Shiv, Lead Independent Director and Chair of Audit Committee 1,3 20 years experience in capital markets, mining, extractives. Fluent in French. Head of M&A at ACP Capital Ma
Slide 41: For more information
For more information info@lomiko.com Follow us @lomikometals on socials l l l f l
Slide 42: 97 graphite mines needed to fuel the EV revolution
97 graphite mines needed to fuel the EV revolution How many mines do we need? • Benchmark forecasts how many mines need to be built in the short time frame to keep up with exceptional volumes of demand needed for key raw materials expected by 2035 • La Loutre is positioning itself for success as a r
Slide 43: La Loutre: PEA Layout – great base to build on
La Loutre: PEA Layout – great base to build on Mine layout and costs – PEA • Waste rock and tailings co-disposed • Efficient site water management with WASTE ROCK & no wet tailings EV ZONE CODISPOSAL PILE • Pits sequenced to maximize the returns starting from North – EV Pits to South – Battery Pits
Slide 44: A responsible operator with track record of execution
A responsible operator with track record of execution Studies completed ✓ Completed 13,000m+ of drilling at La Loutre with exceptional results ✓ Completed NI-43-101 mineral Resource for La Loutre ✓ Completed 12 months of environmental baseline studies ✓ Completed pre-feasibility metallurgical test p