Core Lithium Ltd · ASX:CXO
Core Lithium — Shareholder Meeting (November 2022)
27 slides from Core Lithium's shareholder meeting presentation, Nov 24, 2022
Slide 1: Annual General Meeting Business Update
For personal use only Annual General Meeting Business Update 24 November 2022 Gareth Manderson CEO corelithium.com.au | ASX CXO
Slide 2: Acknowledgment to Country
Acknowledgment to Country Adelaide is located on the traditional Country of the Kaurna people. For personal use only Garramilla Dancers, Larrakia People (Darwin Region)
Slide 3: Important Notes: Forward-looking Statements & Cautionary Notes
IMPORTANT The Finniss Lithium Project as described in this presentation is at the construction and Forward‐looking Statements Generally, this forward-looking information can be identified by the use of & CAUTIONARY development stage, and potential investors should understand that mineral forward-loo
Slide 4: Finniss Lithium Mine Opened October 2022
Finniss Lithium Mine Opened 10 October 2022 For personal use only (tenure circa. 500km2) Hon Nicole Manison, NTG Deputy Chief Minister and Minister for Industry, Mr Greg English Chair Core Lithium Finniss Lithium Mine Opening Anningie & Barrow Creek (tenure circa. 2,000km2) Shoobridge (tenure circa.
Slide 5: Building the Core Lithium Mining Business
Building the Core Lithium Mining Business ➢ Safety processes established – rolling TRIFR 2.23 For personal use only ➢ Offtake agreements in place ➢ Established the operations team – Core Lithium, Lucas, Primero and CSI ➢ First ore Q4 2022 & CY 2023 Q4 2022 & CY 2023 ➢ Crushing Commissioned Accelerat
Slide 6: Finniss Lithium Mining Operations
Tailings Storage Facility within WRD Mine Water Dam 1 For personal use only Waste Rock Dump (WRD) Grants Open Pit (Stage 2) Run of Mine (ROM) Pad Grants Open Pit (Stage 1) Crushing Infrastructure Raw Water Dam Dense Media Separation (DMS) Plant Admin Building Finniss Lithium Mining Operations Sedime
Slide 7: Strong Market Demand and Consensus Forecasts Indicate Healthy Margins
Strong Market Demand and Consensus Forecasts Indicate Healthy Margins For personal use only SPODUMENE CONCENTRATE CONSENSUS PRICE FORECAST2 VS. COST1 Spodumene Concentrate Price vs. Cost Profile US$4,000/t ➢ Binding offtake for 150kt/yr, first four years. US$3,000/t ➢ Formula based market reference
Slide 8: March 2022 Mining Commences
March 2022 Mining Commences For personal use only Lucas Total Contract Solutions EX093 loading first 777 trucks in Grants Pit corelithium.com.au | 8
Slide 9: June 2022 Weathered Pegmatite Exposed
June 2022 Weathered Pegmatite Exposed For personal use only Open Pit with weathered pegmatite exposed corelithium.com.au | 9
Slide 10: June 2022 Site Preparation and Earthworks
June 2022 Site Preparation and Earthworks for Processing Facilities and Site Infrastructure For personal use only CSI and Primero Pads progressing Administration village and workshops corelithium.com.au | 10
Slide 11: July 2022 First Production Blast in Grants Pit
July 2022 First Production Blast in Grants Pit For personal use only Lucas Total Contract Solutions First production blast in Grants Pit corelithium.com.au | 11
Slide 12: August 2022 Crushing and DMS Plant Construction Progressing
August 2022 Crushing and DMS Plant Construction Progressing For personal use only CSI crushing plant Primero DMS plant corelithium.com.au | 12
Slide 13: September 2022 Spodumene Ore Uncovered
September 2022 Spodumene Ore uncovered For personal use only Gareth Manderson CEO, Anthony Oduah Geologist Grade Control Drilling First Spodumene uncovered Grants Pit 15 Sept 2022 corelithium.com.au | 13
Slide 14: October 2022 First Ore Hauled to the ROM
October 2022 First Ore Hauled to the ROM For personal use only First ex-pit ore (55kt Lithium Ore) First ore hauled onto the ROM corelithium.com.au | 14
Slide 15: Crushing Plant Commissioned November 2022
Crushing Plant Commissioned 9 November 2022 For personal use only Loading the crushing plant First DSO Stockpile corelithium.com.au | 15
Slide 16: First Product DSO Loaded and Leaving Site
First product, DSO loaded & For personal use only leaving site for Darwin Port 11 November 2022
Slide 17: DMS Plant Concentrator
DMS Plant Concentrator For personal use only ➢ Operational readiness team mobilising ➢ Construction on track for commissioning Q1 2023 ➢ First Concentrate scheduled H1 2023 Primero DMS plant construction well advanced corelithium.com.au | 17
Slide 18: Goals for ESG Best Practice
Goals for ESG best practice ESG CREDENTIALS IN FOCUS For personal use only ✓ Health and safety of our people ✓ Protecting the Environment and a partner in the communities ✓ A long-lasting positive contribution to our stakeholders and sustainable value for shareholders. ✓ Lithium has a fundamental ro
Slide 19: Developing the Executive Team
Developing the Executive Team Mike Stone - Chief Operations Officer Over 20 years operations experience in open pit and underground mines For personal use only 13 years in Northern Australia, including the Northern Territory A seasoned operational leader and mining professional across numerous commo
Slide 20: Building Organisational Capability and Capacity
Building organisational capability and capacity For personal use only Chief Executive Officer Gareth Manderson EGM Sustainability Chief Operations Officer EGM People & Culture EGM Development & EGM Commercial Chief Financial Officer Blair Duncan Projects To be appointed Samantha Rees To be appointed
Slide 21: Organic Growth Pipeline
Organic Growth Pipeline 8,620,000mN For personal use only OPERATION DEVELOPMENT STUDIES 8,600,000mN ADVANCED EXPLORATION EXPLORATION 8,580,000mN Over 500km 2 of tenure over highly prospective ground for lithium in the Northern Territory at Finniss . 8,560,000mN Anningie and Barrow Creek Shoobridge
Slide 22: Core's Next Mine BP33
Core's next mine BP33 ➢ 5km from Grants Open Pit, Crusher and DMS Plant ➢ Targeting first production in 1H 2024, subject to approvals For personal use only ➢ Low capital-intensive, boxcut development ➢ Up-hole Retreat Open Stope mining ➢ Mining rate circa. 1Mt per annum BP33 Stage 2 U/G Infrastructu
Slide 23: Organic Growth: Exploration Achievements
Organic Growth Exploration Significant Achievements in Past 12 months For personal use only Finniss Mineral resource estimate increased by 28% ➢ Including maiden mineral resource at Ah Hoy Major RC and DD drilling program in progress >35,000m & continuing Further excellent extensional exploration re
Slide 24: Ambient Noise Tomography (ANT)
Organic Growth Exploration For personal use only Ambient Noise Tomography (ANT) ➢ Application of new technology that uses varying velocity properties of the rock to predict pegmatite occurrence ➢ Successfully trialled at BP33 (see image) to >500m depth ➢ Real time information enables fast decision m
Slide 25: FY23 Priorities
FY23 priorities building the OPERATIONAL • Transition from construction to operations • Water management foundation for our DELIVERY • Concentrate production at Finniss For personal use only future • Increased activity at Finniss, Shoebridge and Anningie, EXPLORATION Barrow Creek • Extension drillin
Slide 26: Thank you for supporting the Core Lithium Team
Thank you for supporting the Core Lithium Team For personal use only Questions? Kenbi Rangers Smoking ceremony at the Mine Opening 10 October 2022
Slide 27: Thank You
For personal use only Thank You Core Lithium Ltd Level 5, 149 Flinders St, Adelaide, SA, 5000 INVESTOR ENQUIRIES Gareth Manderson Simon Iacopetta Chief Executive Officer Chief Financial Officer +61 8 8317 1700 +61 8 8317 1700 MEDIA ENQUIRIES Gerard McArtney Senior Consultant +61 421 505 557 Cannings