European Lithium Ltd. · ASX:EUR

European Lithium — Investor Presentation (May 2022)

16 slides from European Lithium's investor presentation, May 2022

  1. Slide 1: European lithium fuelling the green energy revolution

    European lithium fuelling the green energy revolution Wolfsberg Project Update May 2022 ASX:EUR

  2. Slide 2: Disclaimer

    DISCLAIMER This presentation and any additional documents handed out at any meeting or provided directly to potential investors (together the “Presentation Materials”) have not been approved by (i) NEX Exchange Limited or by any authority which could be a competent authority for the purposes of the

  3. Slide 3: Lithium in the heart of Europe & growing gigafactory cluster

    LITHIUM IN THE HEART OF EUROPE & GROWING GIGAFACTORY CLUSTER Norway Factories at varying stages of/or aiming and Skelleftea, Sweden for greater than 20 GWh Aim to start producing Lithium Hydroxide in 2024 Aiming to be the first and largest local supplier of critical lithium for the EU’s green energy

  4. Slide 4: Lithium price and supply

    LITHIUM PRICE AND SUPPLY ● Increased investment needed ● Although likelihood of med-long term balanced market, ● Short-term imbalance predicted (market set to move into a strong possibility of upside demand scenario structural deficit from 2025 onwards) ● Short-term pricing remain strong, ● In the m

  5. Slide 5: Wolfsberg Lithium Project

    WOLFSBERG LITHIUM PROJECT • Supportive region • Established infrastructure • Local workforce • Community engagement • EU support Advanced Lithium project in the heart of Europe • Existing Bulk extraction from Wolfsberg Lithium Project (Sep/Oct 2013) exploration mine • Mining licence in perpetuity •

  6. Slide 6: Key investment highlights

    KEY INVESTMENT HIGHLIGHTS Advanced project Aiming to be the first local lithium supplier into an Mine Life > 20 years* integrated European battery supply chain Lithium hydroxide production @ 26,800 US$/t x PFS completed – DFS underway 10,500 tpa Lithium hydroxide x 20 years* Economic viability Inter

  7. Slide 7: European Lithium – Lithium in the heart of Europe

    EUROPEAN LITHIUM – LITHIUM IN THE HEART OF EUROPE Production anticipated to commence 2024, potential to be the first battery-grade lithium producer in Europe Existing exploration mine in centre of Europe, 270km SW of Vienna, close to Graz and Klagenfurt airport, railway and highway access. Very good

  8. Slide 8: Geological resources

    GEOLOGICAL RESOURCES Million Tonnes Type (JORC*) Grade Li2O (%) (at present) Measured 4.31 1.13 Indicated 5.43 0.95 M&I Total 9.74 1.03 Inferred 3.14 0.90 Total 12.88 1.00 JORC* Code 2012 Resource at Zone 1 only ● High grade Resource at average 1.0% Li2O ● Positive drill results confirm Zone 2 could

  9. Slide 9: Wolfsberg Lithium Project environment friendly underground mine

    WOLFSBERG LITHIUM PROJECT environment friendly Underground Mine 8

  10. Slide 10: Lithium carbonate & hydroxide test production

    LITHIUM CARBONATE & HYDROXIDE TEST PRODUCTION ●●Commissioned Click to edit MasterDorfner text stylesAnzaplan with the construction of a ! Second level pilot plant ● Third level ● Production of●spodumene Fourth level concentrate from lithium-bearing ● Fifth level ore from test mining ● Processing of

  11. Slide 11: Development strategy

    DEVELOPMENT STRATEGY Drilling to upgrade the “Inferred” resource in Zone 1 to Measured and Indicated resource and extend prosperity in Zone 2 Completion and presentation of the DFS Start permitting process based on DFS project configuration Prepare mining plan for the Mining Authority to authorise t

  12. Slide 12: Appendix

    EUROPEAN EN - APPENDIX

  13. Slide 13: Key data

    KEY DATA Capital Structure* Team Market Capitalisation Shares on issue: Board Management A$122M 1,382,913,636 Tony Sage Dietrich Wanke Other Listings: Listed Options: 166,781,965 Executive Chairman CEO Frankfurt (PF8), Options outstanding1: 49,635,297 Malcolm Day Melissa Chapman OTC QB (EULIF). Perf

  14. Slide 14: Board of directors & management

    BOARD OF DIRECTORS & MANAGEMENT Dietrich Tony Sage Malcolm Day Michael Wanke Executive Non-Executive Carter CEO Chairman Director Non-Executive Director ● Experienced Executive Mine ● Executive Chairman of ASX listed ● Experienced Surveyor and Civil ● Finance professional experienced Manager with mo

  15. Slide 15: Geology

    GEOLOGY Historical Recent Exploration ● Substantial exploration and development work by previous Zone 1 owners include approx. 17,000m of drilling / 1,400m of underground decline, drives and crosscuts • A deep hole drilling programme comprising four holes totaling 1,750m has verified the extension o

  16. Slide 16: European Lithium Limited

    EUROPEAN LITHIUM LIMITED www.europeanlithium.com 15

European Lithium — Investor Presentation (May 2022) on 6ix