Lake Resources N.l. · ASX:LKE
Lake Resources N.l — Shareholder Meeting (September 2024)
22 slides from Lake Resources N.l's shareholder meeting presentation, Sep 16, 2024
Slide 1: Extraordinary General Meeting 16 September 2024
Extraordinary General For personal use only Meeting 16 September 2024 ASX: LKE; OTC: LLKKF lakeresources.com.au
Slide 2: Disclaimer
Disclaimer General Statement and Cautionary Statement This presentation has been prepared by Lake Resources N.L. (Lake) for information purposes and not any particular party. The information in this presentation is based upon public information and internally developed data and reflects prevailing c
Slide 3: Key Highlights
3 Key Highlights 1 World Class 25ktpa Battery Grade Lithium Project; Globally Significant 10.6Mt LCE For personal use only Resource; Strategically Important to Argentina 2 Proven Ion-Exchange DLE Technology Increases Process Efficiency and Reduces Environmental Footprint; Recent Technology Updates Y
Slide 4: Market Update
For personal use only Market Update
Slide 5: Long term outlook for lithium demand remains robust
Long term outlook for lithium demand remains robust Long term outlook for lithium demand remains positive For personal use only Battery grade lithium demand in ‘000 LCE Battery grade lithium demand ‘000 LCE (Wood Mackenzie Forecast) (Benchmark Minerals Forecast) 5,000 5,000 4,500 4,500 4,000 4,000 3
Slide 6: Lithium market currently oversupplied
Lithium market currently oversupplied However, market deficit expected to kick in between 2028 and 2030 Lithium Supply/Demand/Balance Lithium Supply/Demand/Balance For personal use only Benchmark Minerals Wood Mackenzie Total Supply Deficit Total Demand Surplus ‘000s tonnes LCE 4,500 200 4 ,5 0 0 50
Slide 7: Lithium prices expected to be "lower for longer"
Lithium prices expected to be “lower for longer” Short term supply surpluses, high interest rates and current price environment will tighten access to project funding but sow seeds for a new price cycle For personal use only Battery Grade Lithium Carbonate Price Forecasts Benchmark Minerals Wood Mac
Slide 8: Significant capital required to ensure future lithium supply
Significant capital required to ensure future lithium supply The lithium industry is estimated to need ~$54B in total capex between now and 2030, which translates to roughly six Kachi-sized projects every year over the next For personal use only six years Estimated Lithium Capital Requirements $226B
Slide 9: Operational Update
For personal use only Update Operational 9
Slide 10: Kachi Project Timeline
Kachi Project Timeline Recruited Experienced Successful Completion of Demo Plant Management and – Produced 1,300Kg of Battery Grade FID Targeting 20257 Technical Team1 Lithium Carbonate For personal use only Definitive Feasibility First Lithium Preliminary Resource drilling Successful Pumping Enviro
Slide 11: Kachi Overview
Kachi Overview Kachi scale and expansion potential underpin its strategic attractiveness Project Highlights For personal use only Location Catamarca Province, Argentina Phase 1 DFS completed in December 2023 Project Stage Near “shovel ready” Products Battery Grade Lithium Carbonate (>99.5% purit
Slide 12: Kachi vs. Selected Lithium Carbonate Assets in Lithium Triangle
Kachi vs. Selected Lithium Carbonate Assets in Lithium Triangle Total Resources (Mt LCE) 15.1 For personal use only 11.8 11.1 10.6 6.6 6.0 4.9 1.9 1.2 Centenario Ratones Pozuelos-Pastos Hombre Muerto Asset Rincón Kachi1 Cauchari Pastos Grandes Maricunga Laguna Verde (Phase 1 Only) Grandes West Owner
Slide 13: 2024 Highlights
2024 Highlights 2024 Highlights Achieved critical milestones for Kachi – (i) submitted Kachi’s Production Environmental Impact Assessment For personal use only (“EIA”)1 in March 2024 with an expected approval in 1H2025 and (ii) signed a non-binding Letter of Intent (“LOI”) with YPF Luz, a leading
Slide 14: 2023 Kachi Achievements
2023 Kachi Achievements De-risked project delivery through Project Reset 1 Successful pumping and Injection Testing For personal use only 2 Further drilling to 600m 3 Completed Saltworks Testing, Proof of Technology, Progress of Plant Design 4 JORC Compliant Mineral Resource Reports Comple
Slide 15: Passage of RIGI and Critical Minerals MOU to Encourage Foreign Investment
Passage of RIGI and the Recent Critical Minerals MOU to Encourage Foreign Investment in Argentina and positive for Kachi Argentine Congress approved an incentive regime for large investments (Régimen de Incentivo para Grandes Inversiones or RIGI) For personal use only RIGI applies to projects acro
Slide 16: Financial Update
For personal use only Update Financial
Slide 17: Cash Position and Finance Update
Cash Position and Finance Update1 Liquidity Position - Lake held cash of A$22.902 million (US$15.276 million) at 30 June 2024 For personal use only (including currencies in AUD, USD and Argentine Pesos) with no debt; importantly, the Company added an additional A$2.5 million (inclusive of costs) f
Slide 18: Key Takeaways
For personal use only Key Takeaways
Slide 19: Key Takeaways
Key Takeaways Near term priorities For personal use only Complete Strategic Partnership process Strategically deliver Complete FEED study for high voltage power supply with YPF-Luz Kachi Obtain EIA approval Complete sale of non-core assets Provide sufficient Undertake further cost optimiza
Slide 20: Why Invest in Lake Resources?
Why Invest in Lake Resources? Strategic actions taken to preserve shareholder capital, extend financial For personal use only Positioned to Endure Current runway and pursue advancement of value-add initiatives Market Headwinds to Benefit from At current lithium prices, there are not enough proje
Slide 21: For personal use only
For personal use only ASX: LKE; OTC: LLKKF lakeresources.com.au
Slide 22: Mineral Resource Estimate Table
Mineral Resource Estimate Table Measured November 2023 (to 400 m depth) Inferred November 2023 Sediment Specific Brine Tonnes Sediment Specific Brine Tonnes 3 3 3 3 Unit Volume m Yield % Volume m Liters Li mg/l Li grams Li Tonnes LCE Unit Volume m Yield % Volume m Liters Li mg/l Li grams Li Tonnes L
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