Liontown Limited · ASX:LTR
Liontown — Liontown Resources — 2023 Macquarie Australia Conference
27 slides from Liontown's conference presentation, May 2, 2023
Slide 1: Fast charging to production mid 2024
For personal use only Fast charging to production mid 2024 2023 Macquarie Australia Conference Tony Ottaviano Managing Director / Chief Executive ASX : LTR ltresources.com.au 1
Slide 2: Important information
Important information Forward looking statements The Information in this Presentation that relates to Mineral Resources for the Buldania Project is extracted This Presentation contains forward-looking statements which are identified by words such as ‘may’, ‘could’, from the ASX announcement “Liontow
Slide 3: Corporate overview / Corporate Snapshot
Corporate overview Corporate Snapshot (1 May 2023) A globally significant provider of battery minerals for the rapidly growing clean energy market For personal use only Market Cap Share Price ($/s) A$5.96bn A$2.71 Shareholders Kathleen Valley Top 20 Targeting 55% (incl. ~15% held by production mid C
Slide 4: Strategic highlights
Strategic highlights Globally significant • Located in premier mining jurisdiction of WA and will provide "US IRA1 and EU CRMA2 compliant" material For personal use only Tier 1 lithium mine • First SC6 production in mid 2024 with long mine life - provides medium to long term pathway for customers •
Slide 5: Liontown's strategy
Liontown’s strategy Our pathway to become a globally significant provider For personal use only of battery minerals as the world transitions to a low-carbon future Kathleen Valley Downstream Expansion Liontown Full Potential Full Potential Develop integrated Australian Expand portfolio through organ
Slide 6: Market overview
For personal use only Market overview • Strong demand with supply side risks • Government policy is changing the game 6
Slide 7: Market demand strong but new supply will cost more and be harder to deliver
Market demand strong but new supply will cost more and be harder to deliver Forecast lithium market deficit is expected to grow out to 2040, driven by significant demand and tight supply For personal use only Demand / Supply Forecast, 2023-40, kt LCE (Battery Grade) Demand 3.5 Deficit / (Surplus) %
Slide 8: Market demand… its global!
Market demand… its global! Global demand for high quality lithium is expected to diversify rapidly by 2031 as countries increasingly aim to localise battery manufacturing capacity to meet electric vehicle demand For personal use only Lithium Refining Capacity by Country, 2021-321 Battery Cell Capaci
Slide 9: Location matters! IRA and EU Critical Raw Minerals Act
Location matters! IRA and EU Critical Raw Minerals Act Unprecedented public investment committed to diversify global battery supply chains, led by the United States, European Union and For personal use only pan- Asia nations (inc. Japan and Korea). This presents valuable opportunities for ‘qualified
Slide 10: The full potential of Kathleen Valley
The full potential of For personal use only Kathleen Valley • Tier 1 jurisdiction • Kathleen Valley on track for production • Optimising the Kathleen Valley base case 10
Slide 11: Kathleen Valley Located in Tier 1 jurisdiction
Kathleen Valley Located in Tier 1 jurisdiction Australia is the world’s most attractive mining jurisdiction due to high levels of political stability, government policy, mineral reserves and commercial operability – there is significant scarcity value in a lithium resource of Kathleen Valley’s quali
Slide 12: Ore bodies of Kathleen Valley scale and quality are scarce
Ore bodies of Kathleen Valley scale and quality are scarce Kathleen Valley is the largest and highest quality hard rock lithium resource in Australia that is not already partly or wholly owned For personal use only by an existing major global lithium player Australian Hard Rock Resources (Mt LCE) 1.
Slide 13: Kathleen Valley construction ramping up
Kathleen Valley construction ramping up … Approaching peak construction phase For personal use only • 444 camp rooms now online • Key build contracts awarded inc. Camp, earthworks, civil, structural steel erection, equip. and piping install for crushing area, process plant buildings • Detailed desig
Slide 14: …with critical path fronts on track…
…with critical path fronts on track… Big push on plant build For personal use only • 3,500m3 plant structural concrete poured on schedule • Equipment deliveries on track - critical path SAG mill on site • First structural steel on site for erection - 81% under • 400+ staff and contractors mobilised
Slide 15: …and mining progressing at pace
…and mining progressing at pace Mine development underway For personal use only • Open pit mining contractor mobilised with first pit blast milestone in January 2023 • Kathleen’s Corner and Mt Mann pits well advanced • 771k BCM moved in March Qtr • Mill ore feed being stockpiled, plus DSO material •
Slide 16: Direct Shipping Ore opportunity
Direct Shipping Ore opportunity DSO being pursued as early cashflow potential For personal use only • Additional material not part of the ore inventory • Samples sent to customers and commercial engagements ongoing • Discussions underway with contactors to prepare Concrete foundation pour material f
Slide 17: Optimised base case – further upside potential
Optimised base case – further upside potential Base case mine throughput has been expanded since the DFS, with further expansion and acceleration options being explored to For personal use only capture a higher share of the favourable expected pricing environment in the near to mid-term. Mine Throug
Slide 18: The full potential of Liontown Resources
The full potential of For personal use only Liontown Resources • Downstream optionality • Buldania well located in emerging lithium district • Creating further value 18
Slide 19: Downstream - getting the strategy right upfront
Downstream - getting the strategy right upfront Given the long life and quality of Kathleen Valley, Liontown has a compelling, and unique, opportunity to unlock value through For personal use only becoming an integrated producer and refiner of lithium products Value Maximising Strategically Compelli
Slide 20: Maximise value - benefits of an integrated model
Maximise value - benefits of an integrated model An integrated model provides robust and stable margins throughout the cycle, access to an expanding conversion premium for For personal use only downstream products, and the ability to capture a larger share of the value chain An integrated model enha
Slide 21: Buldania – in the heart of the South Kalgoorlie lithium district
Buldania – in the heart of the South Kalgoorlie lithium district For personal use only Exploration completed at the Kalgoorlie Anna deposit to improve 1 definition and infill the Mineral Resource Perth West Spargoville Mt Marion Manna 51.4 Mt @ 1.45% Li2O 32.7 Mt @ 1.00% Li2O Mineral Resource update
Slide 22: Upcoming highlights to create further value
Upcoming highlights to create further value For personal use only Katheen Valley de-risked Reserves upside DSO Award remaining key contracts and Kathleen Valley Reserves and finalise well-advanced funding Resource update in September Study outcomes and conclusion options quarter of commercial discus
Slide 23: Kathleen Valley – on track for first production mid 2024
Kathleen Valley – on track for first production mid 2024 For personal use only Video Link: https://youtu.be/UKF2283Zo_4 23
Slide 24: Questions
For personal use only QUESTIONS 24
Slide 25: For more information
For personal use only For more information: Investors James Fuller Manager Investor Relations T: +61 488 093 763 jfuller@ltresources.com.au Media Luke Forrestal GRA Partners T: +61 411 479 144 luke.forrestal@grapartners.com.au Level 2, 1292 Hay Street, West Perth WA 6005 +61 8 6186 4600 22 November
Slide 26: Appendix
For personal use only APPENDIX 26
Slide 27: Australian Hard Rock Resources
Australian Hard Rock Resources Mine Ownership Resource (Mt) Grade (%) LCE (Mt)1 Source For personal use only ASX Announcement (IGO): Greenbushes Lithium Operation Site Visit Presentation, July Greenbushes Albemarle (49%) / TLEA2 (51%) 360.2 1.50% 13.36 2022 ASX Announcement: Substantial increase in
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