Core Lithium Ltd · ASX:CXO
Core Lithium — Macquarie Equities Conference 2023
15 slides from Core Lithium's conference presentation, May 2, 2023
Slide 1: Australia's Newest Lithium Miner
For personal use only AUSTRALIA’S NEWEST LITHIUM MINER Macquarie Equities Conference 2 May 2023 Gareth Manderson CEO corelithium.com.au | ASX CXO
Slide 2: Important & Cautionary Notes
IMPORTANT & CAUTIONARY NOTES This presentation has been prepared by Core Lithium Ltd (“Core”, “Company”) The Finniss Lithium Project as described in this presentation is at the construction and Forward‐looking Statements and provides a general overview of the Company and its strategy. development st
Slide 3: The Finniss Lithium Operation - The Foundation of the Future
THE FINNISS LITHIUM OPERATION - THE FOUNDATION OF THE FUTURE CORE LITHIUM BUSINESS (tenure circa. 500km2) Finniss is Australia’s newest lithium mine For personal use only Low-risk Tier 1 jurisdiction Located 88km by sealed road to Darwin Port Simple flowsheet, high quality 5.5% spodumene concentrate
Slide 4: Corporate Snapshot
CORPORATE SNAPSHOT CAPITAL STRUCTURE A$97.8M Greg English Cash and cash equivalent - 31 March 2023 Non-Executive Chair BEng (Hons), LLB A$0.98/Share Nil Share Price – 28 April 2023 Debt - 31 March 2023 For personal use only Heath Hellewell 1,859M Shares ASX: CXO Non-Executive Director BSc (Hons) ASX
Slide 5: Strategy to Deliver Now and Prepare for the Future
STRATEGY TO DELIVER NOW AND PREPARE FOR THE FUTURE Disciplined capital allocation will guide us in assessing and valuing organic and inorganic opportunities For personal use only Minimum Viable Embed and improve Growing our Progressive and Rigorously assess Project Approach operational capability pr
Slide 6: Meeting Milestones and Pursuing 2023 into 2024
MEETING MILESTONES AND PURSUING 2023 INTO 2024 SUSTAINED GROWTH WITH MOMENTUM • Progressing Finniss towards nameplate For personal use only capacity • Fill offtake contracts • BP33 Development 2016 2021 2022 2023 decision Discovered Feb – $40M raised✓ Jul – Finniss LOM Jan – First revenue $20.1M✓ •
Slide 7: Finniss Lithium Project
FINNISS LITHIUM PROJECT Waste Rock Dump (WRD) Tailings Storage Facility within WRD Run of Mine (ROM) Pad Mine Water Dam 1 Dense Media Separation (DMS) Plant For personal use only Raw Water Dam Grants Open Pit Inundation Bund Crushing Infrastructure Admin Building Sediment Basin 2 corelithium.com.au
Slide 8: Building Organisational Capability and Capacity
BUILDING ORGANISATIONAL CAPABILITY AND CAPACITY Chief Executive Officer Gareth Manderson 30 years experience building high-performing teams and leading mining and processing businesses For personal use only Chief Financial EGM People and EGM EGM Chief Operations EGM Commercial Officer Culture Sustai
Slide 9: High Returns from Exploration at Finniss
HIGH RETURNS FROM EXPLORATION Finniss Resource Growth AT FINNISS Cumulative Resources (Mt) Cumulative Exploration Spend ($M_FY) ($M) Mt / $M 60 For personal use only 198 tonnes of Resource Inventory 50 added per metre drilled 40 $1.95 spent per tonne of Mineral 30 Resource added 20 10 0 2016 2017 20
Slide 10: Securing the Long-Term Future of Finniss: Exploring a Mineral District
SECURING THE LONG-TERM FUTURE OF FINNISS EXPLORING A MINERAL DISTRICT Current 12-year mine life at Finniss announced July 20221 – Reserves now For personal use only being updated 62% Mineral Resource increase in April 20232 2022 drilling program identified Mineral Resources at two new deposits 2023
Slide 11: BP33 - The Next Mine for Core at Finniss
BP33 – THE NEXT MINE FOR CORE AT FINNISS BP33 is Core’s second proposed lithium mine For personal use only Resources more than doubled in March 20231 Located circa 5km from Grants Open Pit, Crusher and DMS Plant Resolving project development plan in 2023. Targeting production in CY 2024, subject to
Slide 12: Industry Leading Partners
INDUSTRY LEADING PARTNERS Long-term offtakes secured COMPANY CONTRACT PERIOD PRODUCT PRICING Formula-based Binding offtake 4 years 300,000t market referenced For personal use only prices for spodumene Binding offtake 1 4 years 300,000t concentrate Additional agreements for maiden cargos COMPANY CONT
Slide 13: Focus for 2023 into 2024
FOCUS FOR 2023 INTO 2024 • Reach commercial production rates • Provide production and C1 guidance OPERATIONAL • Complete BP33 study DELIVERY • Progress Carlton study • Begin to deliver into Yahua and Ganfeng contracts For personal use only SUSTAINED GROWTH • Execute $25m exploration plan for 2023. •
Slide 14: Invest in the Future of Australian Lithium
INVEST IN THE FUTURE OF AUSTRALIAN LITHIUM Core is Australia’s newest producer of Lithium Concentrate for battery materials For personal use only Now generating cashflow Exposure to EV thematic Tier 1 jurisdiction, 88km by truck to Darwin Port Experienced board and management Offtakes secured with r
Slide 15: Thank You
Thank You For personal use only Core Lithium Ltd Level 5, 149 Flinders St, Adelaide, SA, 5000 INVESTOR ENQUIRIES Natalie Worley Investor Relations +61 8 8317 1700 MEDIA ENQUIRIES Gerard McArtney Account Manager +61 421 505 557 Cannings Purple Authorised for release by the Board of Core Lithium Ltd c