Lithium Universe Limited · ASX:LU7
Lithium Universe — Investor Presentation (April 2024)
34 slides from Lithium Universe's investor presentation, Apr 22, 2024
Slide 1: Conversion
For personal use only CONVERSION ASX LU7
Slide 2: Lithium Supply
For personal use only LITHIUM SUPPLY • Quebec > 40 companies • Lithium Resource > 500 Mt +1% Li2O
Slide 3: Li Battery Demand
For personal use only LI BATTERY DEMAND • 20 Major Manufacturers • >1,000 GW battery Capacity • 850,000 tpa Lithium Chemicals
Slide 4: No Current Lithium Converters
For personal use only No Current Lithium Converters Only 100,000 tpa planned 2028 ASX LU7
Slide 5: The Lithium Conversion Gap
\ My SErO! Universe act LIMITED q HE LITHIUM 5 SION GAP
Slide 6: Problems with Filling the Gap
Problems with Filling the Gap For personal use only • Lithium conversion, complex chemical business Experienced Operators • Many failures, and technical difficulties • Even with existing Lithium producers • Takes many years to establish and ramp up • Need expertise with proven track record Proven Te
Slide 7: Iggy Tan, Chairman
Iggy Tan, Chairman Experienced Li Operator For personal use only • Ran Greenbushes Li in 1995, commissioned Li Carb Plant • First mining executive - lithium-ion battery future • First large scale integrated mine to refinery project • Built Mt Cattlin Spodumene Mine (137 ktpa) • Built Jiangsu Lithium
Slide 8: Proven Lithium Expertise
Proven Lithium Expertise For personal use only Greenbushes Lithium Veteran International Downstream Expert Patrick Scallan OAM Dr Jingyuan Liu PhD Non-Executive Director Non-Executive Director • Ran Greenbushes Mine for • Ex-Galaxy GM Technology 25 years • Leading technical expert in • Oversaw expan
Slide 9: Lithium Dream Team
For personal use only Alex Hanly CEO Lithium Dream Team John Loxton Head of Li Refinery Ex Hatch Li Carb Plant Terry Stark Roger Pover Huy Nguyen Head of Mining Head of Processing Engineering Manager Ex Galaxy Ex Galaxy Plant Manager Ex Mt Cattlin Construction GM Operations John Sobolewski Chief Fin
Slide 10: Typical Li Mine Development
Typical Li Mine Development For personal use only 8-10 Years to First Product Maiden Scoping PFS DFS Funding Construct 12 mths 12 mths 12 mths 12 mths 12 mths 18 mths Explore Options Select Develop Due Diligence Commission 6 Maiden Res Feasible Estimates Firm Quotes Funding mths Exact Plant Design A
Slide 11: Dream Team Track Record: Mt Cattlin
Dream Team Track Record Mt Cattlin Spodumene Project For personal use only 3 Years to First Product Maiden DFS Construct First Product Jan 2009 Aug 2009 Dec 2007 Oct 2010 DFS Completed Construction 2 mt Resource Plant Complete 12.3 mt Starts • Skip Scoping, PFS • Run things in parallel • Team Cultur
Slide 12: Mt Cattlin Spodumene Mine
For personal use only Mt Cattlin Spodumene Mine
Slide 13: Trouble Li OH Plants
Trouble Li OH Plants For personal use only Tianqi Kwinana LiOH Albemarle Kemerton LiOH • 5 Years so far • Construct 2019 (5 years) • Capital Cost Blowout • 18 mth commissioning • A$400m to A$770m • Still <50% of design rate • FY 23 - 8% of design • Parachuting Chinese operators ASX LU7
Slide 14: Failed Canadian Li Projects
Failed Canadian Li Projects For personal use only North American Lithium Nemaska Lithium • Started 2014 • DFS completed 2018 • Spent circa CAD 250m • Spent CAD 411 m • Produced 109 t LC • Failed to start up 2019 • Bankruptcy 2015 ASX LU7
Slide 15: Why have these projects failed?
Why have these projects failed? For personal use only • Lack of operating direction at design • Limited management oversight at design • Limited commissioning experience Our Lithium Dream Team are Operators DESIGN
Slide 16: Dream Team Track Record: Jiangsu Li Carbonate Plant
Dream Team Track Record Jiangsu Li Carbonate Plant For personal use only 2 Years to Commercial Production Ground Start of Project Breaking Construction Completion 6 May 2012 21 Feb 2010 6 Dec 2011 (6 mths 1 May 2010 (19 mths) Commissioning) • Capital Cost – US$120 m • At design rate • Highest qualit
Slide 17: Jiangsu Lithium Carbonate Plant
For personal use only Jiangsu Lithium Carbonate Plant
Slide 18: Successful at Start-Ups
Successful at Start-Ups • Spodumene price - US$ 260/tonne then • Largest plant in the world at the time For personal use only • FY 22-23 EBITDA record of US $516m • Best quality Li Carbonate today • 130,984dmt of spod 5.3 %Li2O • Li Carb price then US$ 6,000/tonne Mt Cattlin Spodumene Jiangsu Lithiu
Slide 19: Canada Forcing Downstream Solution
Canada Forcing Downstream Solution For personal use only • Ordered Sinomine to divest from Power Metals Corp • Relinquish spodumene off-take contract • Citing “multi-step security review” • Established automotive industry → EVs • Local battery supply chain with proactive government
Slide 20: Solving Challenges for Canada
Solving Challenges for Canada For personal use only Government No Operating Downstream Converters Requirement Quebec Lithium Processing Hub (QLPH) Lack of Processing Experience ASX LU7
Slide 21: Quebec Lithium Processing Hub
Partner Mine Apollo Mine For personal use only ROM ROM Quebec Lithium QLPH Concentrator Spod Conc Processing Hub (QLPH) 1Mtpa QLPH Lithium Carbonate 140,000tpa Plant External Concentrate Mine to Battery Grade Lithium Carbonate Strategy Battery Grade Lithium Carbonate 16,000 tpa Canadian US Battery P
Slide 22: QLPH Concentrator
QLPH Concentrator For personal use only Partner Mine Partner Mine • Based on proven Mt Cattlin design ROM ROM • 5 Year ROM off-take JV deal – local juniors • Brings early cash flow for juniors to develop mines QLPH Concentrator Spod Conc 1Mtpa 140,000tpa Concentrator JV Partner Mine Partner Mine • A
Slide 23: QLPH Concentrator Engineering Study
QLPH Concentrator Engineering Study For personal use only • Lithium experience – Bald Hill, Covalent, Core, James Bay • Today’s price for Mt Cattlin style concentrator in Canada • DFS level of study
Slide 24: QLPH Concentrator
QLPH Concentrator Open Pit Mining Ore Haulage 1.0 Mtpa 3 Stage ROM For personal use only Crusher -20mm Ore Sorter Crushed Ore Storage Heavy Media 4th Stage Separation >3mm 1o Mica Crusher Screening Removal Ore Sorter Filter -6mm Heavy Media Attritioner Separation +0.85mm Waste Waste Reflux 1o Spodum
Slide 25: Battery Grade Lithium Refinery
Battery Grade Lithium Refinery For personal use only • 16,000 tpa battery grade lithium carbonate plant • Based on proven Jiangsu design QLPH Spod Conc Concentrator • Battery grade LC sold to Canada, USA, Europe 1Mtpa QLPH Lithium 140,000tpa Carbonate • Meets Canadian Government critical minerals st
Slide 26: QLPH Li Refinery Engineering Study
QLPH Li Refinery Engineering Study For personal use only • Canadian Co, Aust based, Canadian Offices • Built Jiangsu Li Carbonate Plant • Jiangsu style refinery in Canada – current price • DFS level of study
Slide 27: QLPH Lithium Refinery
QLPH Lithium Refinery Sulphuric Acid For personal use only Cooler Calciner Cooler Sulphating Hydrated Alpha Kiln Hydrated Beta Lime Spodumene Spodumene Lime Spodumene Ball Milling Water Filter Process Liquor Leaching Polishing Wash Tank Filter Mg Ca Water Alumina Precipitation Precipitation Sodium S
Slide 28: Good Location, Close to Infrastructure
LS ee ‘3 d 4 GOOD+| CLOSE TO gm LOCATION | :iNFRASTRUCTURE ‘:
Slide 29: Lithium Refinery Layout
Lithium Refinery Layout Spodumene Stockpile Shed For personal use only Laydown Area Cooler Leach Tanks Stores Leach Tanks Laydown Area Bin Sulphation Ball Mill Precipitator Residue Maintenance Loading pH Tanks Bund Calciner Calciner Filter Belts H2SO4 Reagents NaSO4 Impurity Crystalliser Truck Remov
Slide 30: Site Allows for Trains – 48,000 tpa
Site Allows for 3 Trains – 48,000 tpa For personal use only Bo iler Ro Co o m MC ntrol C Train 3 Ho Pro ld Are mp Su du a ct Dry Na e r SO Cry 4 H2 Na stallis SO SO Co LC 4 er 4 ntr Ba ol R gg oo Dry ing Bu m L C er nd Ba ll M ill La Ca bo lcin rato r e Bin ry Pro LC ducti on Are Su Tre a lph Wa atm
Slide 31: Why Li Carbonate not Li Hydroxide?
Why Li Carbonate not Li Hydroxide? For personal use only • Proven track record in Li Carbonate • Li Carbonate feed for LFP lithium batteries • LFP battery demand growth due to safety and costs • LFP 67% of China EV installations in 2023 • LFP forecast 87% of ESS market by 2033 • Some Li Chinese prod
Slide 32: Lithium Carbonate Refinery Test Program
Lithium Carbonate Refinery For personal use only Test Program Underway • Metallurgical testing - International sources of spodumene • Lithium Refinery to have robust capability • Shipment to Becancour – while Canadian Li industry develops • First program achieves 99.7% LiCO3 above the battery grade
Slide 33: Lithium Dream Team
For personal use only Lithium Dream Team Proven Lithium Track Record Proven Technology Derisking the Lithium Conversion Gap Quebec Lithium Processing Hub Vertically integrated mine to battery grade lithium strategy ASX LU7
Slide 34: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS The Company wishes to remind investors that the presence of pegmatite does not necessarily equate to spodumene mineralization. Also that the presence of pegmatite and spodumene mineralization on nearby tenements does not necessarily equate to the occurrence on Lithium Univ
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