Slide 1: ASX Announcement: Definitive Feasibility Study Investor Presentation
ASX:CXO Announcement For personal use only 6 August 2021 Definitive Feasibility Study Investor Presentation Advanced Northern Territory lithium developer, Core Lithium Ltd (ASX: CXO) (“Core” or “Company”), provides an update to the presentation lodged by the Company as “Definitive Feasibility Study
Slide 2: Australia's Next Lithium Producer
For personal use only Australia’s Next Lithium Producer Definitive Feasibility and Scoping Studies Investor Presentation 26 July 2021
Slide 3: Important and Cautionary Notes
Important and Cautionary Notes For personal use only This presentation has been prepared by Core Lithium Ltd (“Core”, “Company”) and provides a general overview of the Forward‐looking Statements Company and its strategy. This presentation does not purport to be all-inclusive or to contain all the in
Slide 4: Australia's Next Lithium Producer
Australia’s Next Lithium Producer For personal use only At the forefront of new global lithium production Australia's most advanced new lithium mining project, 88km by sealed road to Darwin Port Construction-ready, Low-risk in Tier 1 Jurisdiction with Government approvals in place Binding offt
Slide 5: Core's Corporate Strategy
Core’s Corporate Strategy For personal use only Create value and contribute to the global energy transformation through growth and vertical integration Stage 1 Stage 2 Stage 3 • Construct Finniss lithium mine and • Produce and market begin production of spodumene lithium fines by-product3 concentrat
Slide 6: Development of Finniss is Well Timed!
Development of Finniss is Well Timed! For personal use only Core is construction-ready, with current prices at US$850/t and a significant supply deficit forecast Spodumene Prices (US$/t, 6% Li2O, CFR)3 Lithium Chemical Market Balance (kt LCE)2 Lithium prices are up strongly in 2021: Lithium market i
Slide 7: Delivering Value and Growth
Delivering Value and Growth Stage 2 Potential Expansion + For personal use only The Finniss Lithium Project has strong economics with valuation upside Stage 3 Potential Lithium Hydroxide Stage 1 DFS + Extension SS* Stage 1 DFS + incl. Lithium By-Product Extension Scoping Study (ESS)* Stage 1 DFS* Pr
Slide 8: Corporate Information
Corporate Information For personal use only Share Price (Last 12 Months) Capital Structure $0.40 150m Share Price (as at 21 July 2021) A$0.235/sh 120m Shares on Issue 1,174.1M $0.30 90m Market Capitalisation ~A$276M $0.20 60m Unlisted Options and Performance Rights 127.8M $0.10 30m Cash (31 March 20
Slide 9: Experienced Board & Management Team
Experienced Board & Management Team For personal use only Experienced management team with development and operational mining experience and skills Greg Stephen Heath Malcolm Blair Simon English Biggins Hellewell McComas Duncan Iacopetta Non-Executive Chairman Managing Director Non-Exec Director Non
Slide 10: ASX Listed Peers - Market Capitalisation
Australia’s Next Lithium Producer For personal use only ASX Listed Peers - Market Capitalisation (A$m) 5,000 3,000 On the path to production… 2,000 1,000 - Pilbara Orocobre Galaxy Liontown Piedmont Vulcan Ioneer AVZ Sayona Core Prospect European Infinity Minerals Resources Resources Lithium Energy M
Slide 11: Stage 1 DFS Results
Stage 1 DFS Results For personal use only Strong project economics, low start-up capex and globally competitive operating costs Ore Mined Mine Life First Production Average Production 7.4Mt @ 1.3% Li2O 8 years 2022 173ktpa @ 5.8% Li2O Start-Up Capex1 Commodity Price2 C1 Operating Costs3 Pre-Tax Free
Slide 12: Stage 1 Extension Scoping Study
Stage 1 Extension Scoping Study For personal use only Increased production and a further 2 year potential mine life extension with inclusion of Inferred Resources Extension Scoping Study based on mining of Inferred Resources Concentrate Production (kt) at Grants, BP33, Carlton and Hang Gong Extensio
Slide 13: This Is Just the Beginning
This Is Just the Beginning … For personal use only The recently announced Exploration Target has the potential to significantly add Mineral Resource tonnes, and support further extensions and potential Stage 2 Expansion of Finniss Concentrate Production (kt) Million tonnes Li2O (%) Exploration Low H
Slide 14: Significant Exploration and Expansion Upside
Significant Exploration and Expansion Upside For personal use only Well-funded and with recent acquisitions to accelerate Reserve and Resource growth, and potential Stage 2 capacity expansion Ore Reserves Grants BP33 7.4Mt Carlton Hang Gong Mineral Resources Grants - BP33 - Carlton - Significant 14.
Slide 15: Simple DMS Process & High Quality Concentrate
Simple DMS Process & High Quality Concentrate For personal use only Simple processing means lower cost and low start-up risk Simple DMS (gravity) produces high quality product Grants Open Cut Mine +99% of lithium is spodumene Large spodumene crystals liberate at 6mm coarse crush Simple mineral
Slide 16: Lithium Fines By-Product Upside Potential
Lithium Fines By-Product Upside Potential For personal use only Lithium fines by-product potentially reduces opex and provides a waste stream management solution Lithium Fines Scoping Study – Stand-alone Economics Fines Price (FOB)1 US$65/t Production Rate 110,000tpa C1 Operating Costs2 US$21/t Gran
Slide 17: Low Capital Intensity & Low Risk
Low Capital Intensity & Low Risk For personal use only One of the world’s most capital-efficient lithium mining projects Start-up Capital Intensity (US$/tpa)1,2 Rose (Ontario) 1,362 Authier (Quebec) 835 Manono (DRC) 779 Mina do Barroso (Portugal) 777 James Bay (Quebec) 739 Kathleen Valley (WA) 689 G
Slide 18: Close to Darwin Port & Capital City Infrastructure
Close to Darwin Port & Capital City Infrastructure For personal use only Infrastructure advantages means lower operating and capital costs Darwin Port is 88km by sealed road – Australia’s closest port to China Middle Arm Binding agreement with Darwin Port to export up to 250ktpa of conc. Potenti
Slide 19: Potential to Join Tesla Supply Chain
Potential to Join Tesla Supply Chain For personal use only Yahua recently signed a 5-year battery-grade lithium hydroxide supply deal with Tesla Core has binding offtake to supply 75,000tpa to Yahua for 4 years (approximately 40% of Core’s Stage 1 production)1 Yahua recently announced a producti
Slide 20: ESG Credentials in Focus
ESG Credentials in Focus For personal use only Core is committed to operating in a safe and sustainable manner, which means operating responsibly. • Lithium production has a fundamental role to play in shaping the global energy future, as we transition to a low carbon economy • We prioritise the hea
Slide 21: The Core Lithium Advantages
The Core Lithium Advantages For personal use only Our Finniss Lithium Project presents a range of ESG advantages Small operational Aligned Scope 1 and 2 Reduced Scope 3 Hydropower energy Contributing to a low- footprint emissions emissions storage carbon energy future A combination of open cut and F
Slide 22: Government Support
Government Support For personal use only Major Project Status (MPS) for the Finniss Lithium Project is another major milestone Federal Government Support • Major Project Status - Finniss is of strategic significance to Australia • Federal financing support opportunities in the form of: Major Proje
Slide 23: $6M Federal Grant to Produce Battery Grade LiOH
$6M Federal Grant to Produce Battery Grade LiOH For personal use only Test work on spodumene concentrate from Finniss has produced battery-grade lithium hydroxide (LiOH) • Core recently awarded $6 million Modern Manufacturing Initiative (MMI) Grant by the Australian Federal Government • Follows succ
Slide 24: Indicative Project Timeline
Indicative Project Timeline For personal use only 2021 2022 2023 2024 +2025 H2 H1 H2 CY CY CY Stage 1 Concentrate Production DFS release Offtake and finance FID Construction Ramp-up to commercial production Stage 2 Potential Concentrate Production Expansion Resource drilling Feasibility study and ap
Slide 25: Appendices
For personal use only Appendices
Slide 26: Economic Outcomes of Studies (Cumulative)
Stage 1 Economic Outcomes of Studies (Cumulative) For personal use only Stage 1 DFS + Stage 1 DFS + Metrics Stage 1 DFS Extension Scoping Study + Extension Scoping Study Li Fines Scoping Study Mine Life 8 years 10 years 10 years Based on Roskill Price Forecasts1 C1 Operating Costs2 US$364/t US$372/t
Slide 27: Stage 1 DFS: Mine Plan
Stage 1 DFS : Mine Plan For personal use only Ore Mined (kt) & Grade (%) 1,500 3.0% 1,326 2.6% 1,177 1,200 1,101 1,088 2.2% 849 842 1.8% 900 1.48% 1.47% 1.32% 1.25% 1.4% 1.13% 1.11% 1.40% 1.41% 553 600 507 1.0% 0.6% 300 0.2% - -0.2% FY22 FY23 FY24 FY25 FY26 FY27 FY28 FY29 Grants OP Grants UG BP33 UG
Slide 28: Stage 1 DFS: Capital Costs
Stage 1 DFS: Capital Costs For personal use only Core is developing one of the world’s most capital-efficient lithium projects Total Initial Capital Cost1 A$m LOM Non-Sustaining Capital Costs (A$m)2 DMS Plant 37.9 100 Initial Capital 90 3 87.5 Power & Water Supply 7.5 80 Hang Gong Pre-Strip TSF & Wa
Slide 29: Stage 1 DFS: Operating Costs (FOB)
Stage 1 DFS: Operating Costs (FOB) For personal use only Competitive operating costs ensure healthy operating margins LOM Average Unit Operating Costs US$/t1 Spodumene Price4 vs. C1 Operating Costs2 & AISC3 (US$/t, FOB) OP Mining Costs 106 1,000 UG Mining Costs 133 800 Processing 103 Haulage & Logis
Slide 30: Experienced Team to Deliver a Simple Project
Experienced Team to Deliver a Simple Project For personal use only High Quality Project and Execution Team 29
Slide 31: Mineral Resources and Ore Reserves
Mineral Resources and Ore Reserves For personal use only JORC (2012) Resource and Reserves Mineral Ore Reserves Classification Ore Grade Contained Classification Ore Grade Contained Resources Deposit Mt LiO2 % LiO2 Kt Deposit Mt LiO2 % LiO2 t Open pit Measured 1.96 1.50 29,500 Proved 1.8 1.5 26.4 In
Slide 32: Capex Intensity Benchmarking – Data Sources
Capex Intensity Benchmarking – Data Sources For personal use only • Rose Lithium-Tantalum: As per 13 July 2021 Company Presentation “Company Investor Presentation (July 2021) (pg 35) and as per 29 November 2017 TSX announcement “Rose Lithium-Tantalum Project - Feasibility Study NI 43 101 Technical R
Slide 33: Thank you
For personal use only Thank you Authorised for release by the Board of Core Lithium Ltd For more information: Stephen Biggins, Manager Director : +61 8 8317 1700 Core Lithium Ltd Level 1, 366 King William Street, Adelaide For broker and media enquiries: Fraser Beattie: +61 421 505 557 Cannings Purpl