Galan Lithium Limited · ASX:GLN
Galan Lithium — Investor Presentation (September 2022)
23 slides from Galan Lithium's investor presentation, September 2022
Slide 1: Developing High-Grade Lithium Brine Projects in Argentina
DEVELOPING HIGH- GRADE LITHIUM BRINE PROJECTS IN ARGENTINA Investor presentation September 2022 ASX : GLN | FSX : 9CH galanlithium.com.au
Slide 2: 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 3: Rapidly advancing our leading Hombre Muerto Projects to production
Rapidly advancing our leading Hombre Muerto Projects to production The highest grade and lowest impurity lithium brine assets in Argentina Investor presentation 3
Slide 4: Corporate snapshot
Corporate snapshot Strong cash liquidity, tight share register Market capitalisation Share price Major shareholders A$378M A$1.24 A$/share 2.5 Shares on issue 2.3 304.5M 2.1 Consistent 1.9 share price Net cash position 1.7 appreciation 1.5 A$54M 1.3 Directors & Top 20 1.1 management shareholders Unq
Slide 5: Delivering on our commitments
Delivering on our commitments Rapid dual-track project advancement Targeting High grade first-phase Li maiden Mineral concentrate output Resource Compelling PEA results Targeted from HMW estimate at released for Hombre HMW Feasibility in Hombre Muerto Muerto Project Study completion West CY24 Q1 Q2
Slide 6: The premier lithium developer
The premier lithium developer World-class Compelling Sustainable 01 location 02 economics 03 supply High grade, low Study work supports Low energy, low carbon impurity brine assets high return projects production footprint Rapid project Best in-class Further project 04 delivery 05 team 06 pipeline F
Slide 7: World-class location: Hombre Muerto Salar in the Lithium Triangle
01 World-class location Tier 1 geological endowment Hombre Muerto Salar is perfectly positioned in Argentina’s prolific Lithium Triangle • World’s largest lithium reserves • ~40% total annual lithium production is from the Atacama and Hombre Muerto salars • Lithium ‘elephant’ country Investor presen
Slide 8: World-class location: 25+ year history of production
01 World-class location Highly strategic positioning 25+ year history of production - further development underway • Substantial investment • Significant infrastructure • Excellent governmental and community support • Highly strategic positioning Our projects are within a 20km radius of Livent, Alke
Slide 9: High grade, low impurity brine assets
01 World-class location High grade, low impurity brine assets Our Hombre Muerto assets are Brine Resources Li (mg/l) vs Mg/Li ratio amongst the very best brine projects • Leading lithium grades • Low potassium and HOMBRE magnesium MUERTO – GLN • Substantial exploration upside remains Source: iLi Mar
Slide 10: Compelling economics: Flagship HMW Project
02 Compelling economics Strong, PEA outcomes for 20 ktpa LCE at HMW Flagship HMW Project Preliminary Economic Assessment (December 2021)1 UoM Result 100% ownership Project life Years 40 • Low-risk, proven processing Steady state lithium carbonate production Tonnes/year 20,000 • Expected 20 ktpa Li 2
Slide 11: Piloting work to further de-risk HMW
02 Compelling economics Piloting work to further de-risk HMW HMW Pilot Plant operations commenced • 5,000m 2 evaporation pond complete • Pond filling complete and evaporation testing commenced • High-flow, high grade long-term pumping tests results achieved • De-risking an already highly established
Slide 12: Attractive Candelas growth project
02 Compelling economics Attractive Candelas growth project (+14 ktpa LCE) Highly complementary Preliminary Economic Assessment (November 2021)1 UoM Result Candelas Project Project life Years 25 100% ownership Steady state lithium carbonate production Tonnes/year 14,000 • Expected 14 ktpa Li 2 CO 3 L
Slide 13: Low-cost lithium carbonate output projected
02 Compelling economics Low-cost 34 ktpa base lithium carbonate output projected All-in sustaining cost US$/t LCE Galan boasts two PEA level projects with Brine (2021) combined long term base production of Mineral (2021) Hombre Muerto West (Galan) 34 ktpa LCE Candelas (Galan) Provides develo
Slide 14: Low energy and low carbon lithium brine production
03 Sustainable supply Low energy and low carbon lithium brine production Attractive relative Comparison of energy consumption environmental footprint – low impact production • Brine-based lithium has Comparison of CO 2 e emissions superior environmental credentials • Lower energy and CO 2 equivalent
Slide 15: Fast track route to production
04 Rapid project delivery Fast track route to production and long-term 34 ktpa base LCE output Targeting first-phase lithium concentrate production from HMW in CY24 and Li 2CO 3 from CY25 Q3 Q4 Q1 Q2 Q3 Q4 • HMW Mineral Resource Key business activities CY22 CY22 CY23 CY23 CY23 CY23 estimate upgrade
Slide 16: Highly experienced Board, management and in-country team
05 Best in-class team Highly experienced Board, management and in-country team Richard JP Vargas de Daniel Christopher Terry Raymond Homsany la Vega Jimenez Chalwell Gardiner Liu Non-Executive Company Non-Executive Non-Executive Non-Executive Non-Executive Chairman Founder & Director Director Direct
Slide 17: Strong Operational team in Argentina
05 Strong Operational team in Argentina A talented group of professionals with world class knowledge and extensive local experience Boris Alvaro Francisco Pablo Caro Henriquez Lopez Sanz Project GLN -Geology Exploration Business Director Manager Manager – Development & Argentina Permitting 2 0 y ear
Slide 18: Hardrock lithium exploration upside: Greenbushes South
06 Further project pipeline Hardrock lithium exploration upside Greenbushes South Lithium Project Joint Venture 80% ownership • 3km south of Greenbushes Lithium mine • Tenements intersect the Donnybrook- Bridgetown Shear Zone • Discovery of lithium bearing pegmatites with 500m+ strike length • Initi
Slide 19: The premier lithium developer
The premier lithium developer 01 World-class location 02 Compelling economics 03 Sustainable supply 04 Rapid project delivery 05 Best-in class team 06 Further project pipeline Investor presentation 19
Slide 20: On the fast track to lithium carbonate production
On the fast track to lithium carbonate production With flagship HMW and Candelas Projects in South America’s lithium triangle Investor presentation 20
Slide 21: Appendix 1: Mineral Resource estimate
Appendix 1: Mineral Resource estimate 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) (mg/l) (kt) (mg/l) (kt)
Slide 22: Appendix 2: Peer brine resource table
Appendix 2: Peer brine resource table Salt lake Company Code Li Measured Indicated Inferred Total (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 NI 43-101 509 958 719
Slide 23: Contact details
Level 3, 30 Richardson Street West Perth, WA 6005 PO Box 396 West Perth, WA, 6872 Phone: +61 8 9322 6283 Fax: +61 8 9322 6398 Email: jp@galanlithium.com.au www.galanlithium.com.au
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