Lithium Universe Limited · ASX:LU7
Lithium Universe — Shareholder Meeting (June 2024)
38 slides from Lithium Universe's shareholder meeting presentation, Jun 14, 2024
Slide 1: Building a Lithium Future - AGM Presentation
Building a Lithium Future ASX ANNOUNCEMENT AND MEDIA RELEASE 14 June 2024 ANNUAL GENERAL MEETING - PRESENTATION Lithium Universe Limited (referred to as "Lithium Universe" or the "Company," ASX: "LU7") advises that its Annual General Meeting will be held today, Friday 14 June 2024 a 11:00am (AWST) a
Slide 2: About Lithium Universe Limited (ASX:LU7)
ABOUT LITHIUM UNIVERSE LIMITED (ASX:LU7) Lithium Universe has two distinct operations that encompass its business objectives. Lithium Exploration LU7 seeks to establish itself as a prominent lithium project builder by prioritizing the swift and successful development of lithium projects. Instead of
Slide 3: Proven Lithium Expertise and Technology
Mr Terry Stark, who previously served as the General Manager of Operations for both Mt Cattlin and James Bay projects; Mr Roger Pover, with extensive experience as Plant Manager at Greenbushes and Mt Cattlin. John Loxton, who was involved in the construction of Jiangsu Lithium Carbonate Plant for Ha
Slide 4: Conversion
For personal use only CONVERSION ASX LU7
Slide 5: Lithium Supply
For personal use only LITHIUM SUPPLY • Quebec > 40 companies • Lithium Resource > 500 Mt +1% Li2O
Slide 6: Lithium Battery Demand
For personal use only LI BATTERY DEMAND • 20 Major Manufacturers • >1,000 GW battery Capacity • 850,000 tpa Lithium Chemicals
Slide 7: Current Conversion
Current Conversion For personal use only Spodumene (US$100-150/t) Battery Plants Conversion Lithium Carbonate (US$800-1,200/t) ASX LU7
Slide 8: Conversion
For personal use only CONVERSION Citing “multi-step security review” Established automotive industry to EVs Local battery supply chain ASX LU7
Slide 9: No Current Lithium Converters
For personal use only No Current Lithium Converters Only 100,000 tpa planned 2028 ASX LU7
Slide 10: The Lithium Conversion Gap
\ My SErO! Universe act LIMITED q HE LITHIUM 5 SION GAP
Slide 11: Problems with Filling the Gap
Problems with Filling the Gap For personal use only • Lithium conversion, complex chemical business Experienced Operators • Lithium is a young industry • Limited lithium expertise and experience • Many failures, and technical difficulties • Even with existing Lithium producers Proven Technology ASX
Slide 12: Iggy Tan, Chairman - Experienced Li Operators
Iggy Tan, Chairman Experienced Li Operators 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 Lithiu
Slide 13: 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 14: For personal use only
For personal use only
Slide 15: Lithium Dream Team
For personal use only Alex Hanly CEO Lithium Dream Team Terry Stark Roger Pover John Loxton John Sobolewski Head of Mining Head of Processing Head of Li Refinery Chief Financial Officer Ex Galaxy GM Operations Ex Galaxy Plant Manager Ex Hatch Li Carb Plant Ex Galaxy CFO & Co Sec
Slide 16: 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 17: 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 18: Mt Cattlin Spodumene Mine
For personal use only Mt Cattlin Spodumene Mine
Slide 19: 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 20: 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 21: 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 22: Dream Team Track Record - Jiangsu 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 23: Jiangsu Lithium Carbonate Plant
For personal use only Jiangsu Lithium Carbonate Plant
Slide 24: Becancour Lithium Refinery
For personal use only Becancour Lithium Refinery • 16,000 tpa battery grade lithium carbonate plant Canadian Source Spod Conc • Located in Becancour, Quebec Becancour Lithium • Based on proven Jiangsu design Refinery Worldwide • Same flow sheet, same equipment, same suppliers Source • Winterization
Slide 25: Li Refinery DFS Underway
Li Refinery DFS Underway 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 26: 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 27: Montreal and Quebec City map
MONTREAL 170 km For personal use only QUEBEC CITY 137 Km
Slide 28: Bécancour Lithium Refinery
For personal use only Bécancour Lithium Refinery
Slide 29: For personal use only
For personal use only
Slide 30: Lithium Refinery Flow Sheet
Lithium Refinery Flow Sheet 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 So
Slide 31: Lithium Refinery Layout
Lithium Refinery Layout For personal use only ß Spod Sulphation Calciner Spodumene Storage Kiln Storage Leaching Residue Sodium Storage Sulphate Plant Boilers Residue Cooling Processing Towers Process Water Treatment Product Warehouse Reagents LiC Production Storage & Purification Maintenance Buildi
Slide 32: Lithium Refinery Flow
Lithium Refinery Flow For personal use only ß Spod Sulphation Calciner Spodumene Storage Kiln Storage Leaching Residue Sodium Storage Sulphate Plant Boilers Residue Cooling Processing Towers Process Water Treatment Product Warehouse Reagents LiC Production Storage & Purification Maintenance Building
Slide 33: Becancour Li Refinery - Handles Various Spodumene Types
For personal use only Becancour Li Refinery Handles Various Spodumene Types • Metallurgical testing - International sources of spodumene • Lithium Refinery to have robust capability • Shipment to Becancour – while Canadian Li industry develops • All programs achieves 99.7% Li2CO3 BG Spec of 99.5% Li
Slide 34: Conversion Business Model
Conversion Business Model For personal use only • OEMs like Tesla, LG, Ford have spodumene offtake • Currently, have to convert in China • Carbon footprint, supply security risk • Take or pay conversion model • Pays back refinery without market risks • Becomes part of OEM supply chain
Slide 35: Bécancour Electricity Advantage
Bécancour Electricity Bécancour Electricity Advantage Green Advantage Conversion Business Model For personal use only • OEMs like Tesla, LG, Ford have spodumene offtake • Currently, have to convert in China • Carbon footprint, supply security risk • Take or pay conversion model • Pays back refinery
Slide 36: Project Advancements
Project Advancements For personal use only • Application to Hydro Quebec for 20 MW electricity • Completed environmental survey – no issues • Measurement of ambient noise, pre-project • Surface water hydrology study completed • Soil contamination desk top study completed • Co-operation with W8banaki
Slide 37: Lithium Dream Team and Becancour Lithium Refinery
For personal use only Lithium Dream Team Proven Lithium Track Record Proven Technology Derisking Lithium Conversion Technology Becancour Lithium Refinery Closing the North American Conversion Gap
Slide 38: 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