Infinity Metals Limited · ASX:INF
Infinity Metals — Infinity Lithium — Hannover Battery Conference (May 2018)
29 slides from Infinity Metals's conference presentation, May 16, 2018
Slide 1: Infinity Lithium Corporation Limited
For personal use only Infinity Lithium Corporation Limited 1
Slide 2: Disclaimer
Disclaimer For personal use only For Consideration ❖ This presentation has been prepared by Infinity Lithium Corporation Limited “Infinity Lithium”. This document contains background information about Infinity Lithium current at the date of this presentation. The presentation is in summary form and
Slide 3: Infinity Lithium Snapshot
Infinity Lithium Snapshot For personal use only Fuelling Innovation Fully integrated lithium project – from mine to battery grade lithium carbonate production on site European based - open pit resource to produce 15,000tpa of battery grade lithium carbonate Proximity to end markets – substantial inv
Slide 4: Corporate Overview
Corporate Overview For personal use only Board of Directors & Management ASX Code2 INF Kevin Tomlinson Chairman Adrian Byass Managing Director/ CEO Share Price 0.12 Humphrey Hale Non-Executive Director, Shares on Eric Lilford Non-Executive Director issue 189.9m Rob Orr Chief Financial Officer & Comp
Slide 5: Global Lithium – All Uses
Global Lithium – All Uses For personal use only European Demand 14 San Jose currently = deposits 30% of global demand & by 20251 growing 2% 30% % % 1. Source: Argus Media Group, 11% CAGR Global Global European Share of Global Consumption Production Supply & Demand Infinity Lithium Corporation Limite
Slide 6: Demand by End Applications
Demand by End Applications For personal use only Energy storage for vehicles (EV) is driving demand for lithium carbonate (LC) 2017 2025 EV Market Share EV Market Share 24% 72% 56 % Global Demand LCE2 (ktpa) 3.5x Global Demand LCE2 (ktpa) 2241 market 8751 1. Citi Research 31 January 2018 2. LCE = Li
Slide 7: Energy Storage for Electric Vehicles Driving Demand
Energy Storage for Electric Vehicles Driving Demand For personal use only Factors 56 % Growth in EV sales and battery pack size leads to increased raw material demand ❖ HEV – higher battery raw material demand driven only by higher sales ❖ EV & PHEV – increase in battery pack sizes and higher sales
Slide 8: Lithium Ion Battery Supply & Demand
Lithium Lithium Ion Battery Supply & Demand largely driven by For personal use only Improved EV Falling EV Range Price Since 2011 the median Driven by the reduced electric car range cost in lithium ion increased by (3) battery production (2) 56% 73% 2017 - 2021 2017 - 2021 Global Europe Europe 2.5x1
Slide 9: EV Adoption to Accelerate
EV Adoption to Accelerate Proactive European Government EV Targets For personal use only ❖ Adoption of EVs needs to accelerate in order to align with government EV proposals and targets IHS Markit 23 March 2018 – Cathode technology: de-risking the supply chain Infinity Lithium Corporation Limited 9
Slide 10: European Demand & Gigafactories
Current Stated future plants European Demand & Gigafactories Lithium Battery Plants For personal use only In construction Automotive sector in Spain represents 10% of GDP(1) Spain is the second largest manufacturer of automobiles in Europe and the 8th worldwide(1) 1. http://www.investinspain.org/inv
Slide 11: San Jose Lithium Project
San Jose Lithium Project Extremadura Region, Spain – European Integration For personal use only Extremadura – a proactive mining region: permitting projects ❖San Jose is a brown fields mining project that was historically mined for tin and has undergone a previous positive feasibility study to produ
Slide 12: Partner Credentials
San Jose Lithium Project Partner Credentials For personal use only 20 Feasibility & Permitting Production Offtake Permitting Construction ❖Sacyr is a major +$1bn construction and engineering company with a proven ability to permit mines in Spain ❖ Technology alliance to bolster feasibility study ❖Va
Slide 13: Scoping Study Outcomes: Robust + Upside
Scoping Study Outcomes: Robust + Upside For personal use only NPV8 US$401m1 @ half current spot price IRR 28% @ half current spot price CAPEX US$248m1 Metric (Pre by-product credit) Value Case LCE Price NPV8 Grade (mined) – Lithium Carbonate (year1-8) 2.1% Assumed US$10,000/t US$401m JORC Resource +
Slide 14: Project Summary
Project Summary For personal use only Project name San Jose Location Extremadura region, Spain Resource using 1.0% Li2O grade Scoping study Completed shell, drilling and final pit North Refer to Feasibility study In progress Appendix 6 JORC Resource +1.6Mt LCE Planned ROM 1.25Mt pa Initial mine life
Slide 15: San Jose Lithium Project: Upgrading ROM ore to LC Product
San Jose Lithium Project Upgrading ROM ore / Beneficiated ore / LC Product For personal use only 1.25Mtpa 0.5Mtpa 15ktpa ≈ 300,000 ROM plant feed LC battery Electric grade grade Vehicles pa Global Average ROM Average resource yr 1-8 0.5Mtpa yr 1-8 15kt pa In Situ grade 1.25mtpa 0.85% Li2O Plant 1.4%
Slide 16: San Jose Project Highlights
San Jose Project Highlights For personal use only ❖ Mining licence application submitted. ❖ Mining friendly region in Extremadura. ❖ Fully integrated lithium project - hard rock resource to produce battery grade lithium carbonate. ❖ Proximity to infrastructure including a gas pipeline. ❖ Low strip r
Slide 17: Quarterly Developments
San Jose Lithium Project Quarterly Developments For personal use only Resource Diamond Drilling ❖Strategic program designed to upgrade some Inferred category JORC resources within pit designs to Indicated. ❖Positive results received. ❖Revised and upgraded JORC in Q2 2018. Revised Pit Design ❖Positiv
Slide 18: Lithium Hydroxide Trade Off Study
Lithium Hydroxide Trade Off Study For personal use only ❖Battery technology evolving – NMC111 to NMC811 ❖Rise of the lithium hydroxide batteries – greater energy density – improved range IHS Markit 23 March 2018 – Cathode technology: de-risking the supply chain Infinity Lithium Corporation Limited 1
Slide 19: Lithium Production Sources
Lithium Production Sources 99.5% Battery Grade LC For personal use only Brine and hardrock sources have vast differences in in-situ grades but production costs are very similar Brine Mica Spodumene Pump / Evaporation Mine / Beneficiation Mine / Beneficiation Onsite Upgrade Technical Garde 99% LC Spo
Slide 20: Pathway to Production
San Jose Lithium Project Pathway to Production For personal use only Feasibility Partners Permits/Fund Plant ❖Completion of ❖Product ❖Mining ❖Commence ❖Construction feasibility study offtake License works ❖Commissioning ❖Earn 75% in ❖Strategic ❖Permits project partner ❖Financing Infinity Lithium Cor
Slide 21: San Jose Lithium Project Key Points
San Jose Lithium Project Key Points For personal use only Scale One of the largest lithium deposits in Europe Low cost production Proximity to Market Significant European developments in battery factories Adjacent sealed road and major arteries by road to Europe Down Stream Processing High value pro
Slide 22: Peer Comparison
Appendix 1 Peer Comparison For personal use only Mkt Cap > $ 1bn Mkt Cap $m In Situ Deposit Infinity Lithium Corporation Limited 22
Slide 23: Improved EV Range & Models
Appendix 2 Improved EV Range & Models For personal use only Europe VW e-Golf (2017) Renault Zoe EV ❖Extended range from 130km in 2016 ❖Extended range from 170km (in 2012) to 300km1 in 2017 to 320km2 Increase in Increase in Increase in Increase in battery (kWh) range battery (kWh) range 49% 131% 86%
Slide 24: Proven Battery Grade Lithium Carbonate
Appendix 3 Proven Battery Grade Lithium Carbonate For personal use only In Situ Deposit Infinity Lithium Corporation Limited 24
Slide 25: Board & Management
Appendix 4 Board & Management For personal use only Kevin Tomlinson Adrian Byass ❖Strong team to deliver the project (Chairman) (Managing Director) ❖Multiple Project Financing (Debt and ❖Geology & Finance ❖Geology & Economics Equity deals up to +$500 million ❖Career in banking & resources ❖Project a
Slide 26: Cost to Produce Battery Grade
Appendix 5 Cost to Produce Battery Grade For personal use only In Situ Deposit Infinity Lithium Corporation Limited 26
Slide 27: JORC Resource
Appendix 6 JORC Resource For personal use only JORC Resources +1.6 million tonnes LCE TABLE 1 TABLE 2 SAN JOSE MINERAL RESOURCE, REPORTED ABOVE 0.1% LI SAN JOSE MINERAL RESOURCE, REPORTED ABOVE 0.35% CUT-OFF, DECEMBER 2017 LI CUT-OFF, DECEMBER 2017 Classification Tonnes Li (%) Li2O (%) Sn (%) Classi
Slide 28: Permitting
Appendix 7 Permitting For personal use only Spanish Tenure type Australian Period Maximum Comment equivalent (min-max) Size (km2) Exploration Permit nil 1-2 years 300 No active surface works – mapping, remote sensing etc Investigation Permit Exploration Licence 3-9 years 90 Can allow drilling and bu
Slide 29: Demand By End Applications
Appendix 8 Demand By End Applications For personal use only Infinity Lithium Corporation Limited 29
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