Galan Lithium Limited · ASX:GLN
Galan Lithium — Benchmark World Tour Online (June 2020)
23 slides from Galan Lithium's conference presentation, June 2020
Slide 1: New High-Grade Lithium Brine Development in South America's Lithium Triangle
NEW HIGH-GRADE LITHIUM BRINE DEVELOPMENT IN SOUTH AMERICA’S LITHIUM TRIANGLE Benchmark World Tour Online June 2020 ASX:GLN
Slide 2: Disclaimer and Important Information
DISCLAIMER AND IMPORTANT INFORMATION
Slide 3: Galan Lithium Limited Investment Foundations
GALAN LITHIUM LIMITED INVESTMENT FOUNDATIONS. ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
Slide 4: A Significant Investment Opportunity – The Right Place
A SIGNIFICANT INVESTMENT OPPORTUNITY – THE RIGHT PLACE
Slide 5: Galan - Placed Among the Best Projects in Argentina
GALAN - PLACED AMONG THE BEST PROJECTS IN ARGENTINA High grade/Low impurity brines setting Brine Resources Mg/Li Li (mg/l) vs Mg/Li ratio 12.0 Sa l ar de Rincon - Rincon Li thium Sa l ar de Rincon - Argosy Pa s tos Grandes - Centaur Res. 10.0 Pastos Grandes-Millenial Hombre Muerto - Galan (Candelas)
Slide 6: Galan - Placed Among the Best Projects in Argentina
GALAN - PLACED AMONG THE BEST PROJECTS IN ARGENTINA Low impurity brines setting Brine Resources SO4/Li ratio vs Mg/Li ratio Mg/Li 12.0 Pa s tos Grandes - Centaur Res. Pa s tos Grandes-Millenial Sa l ar de Rincon - Rincon Li thium 10.0 Pozuelos y Pa s tos Grandes Sa l ar de Rincon - Argosy 8.0 Hombre
Slide 7: Corporate Structure
CORPORATE STRUCTURE Capital Structure Performance Shares GLN Shares Shares 164,817,874 Vendor Class B Shares Upon the commencement of commercial production from a 10,000,000 Unquoted Options 5,350,000 Options exercisable $0.60, 31 Aug. 2020 pilot plant 4,000,000 Options exercisable $0.3438, 11 June
Slide 8: Highly Experienced Board
HIGHLY EXPERIENCED BOARD A civil industrial An experienced engineer Mr Jimenez corporate lawyer who has worked for world has extensive board leader in the lithium and operational industry Sociedad experience in the Química y Minera de resources and energy Chile (NYSE:SQM, sectors. Richard is Santiag
Slide 9: Hombre Muerto: Tier Location Worldwide for Li Brines
HOMBRE MUERTO: TIER 1 LOCATION WORLDWIDE FOR Li Northern Sal de Vida Market Cap: ~US$16bn BRINES Fenix Operation Market Cap: ~US$1.1bn Sal de Vida Market Cap: ~A$415m Candelas project Market Cap: ~A$24m
Slide 10: Hombre Muerto West (HMW) Resource Update
HOMBRE MUERTO WEST (HMW) RESOURCE UPDATE Topography HMW ZONE Fault Rana de Sal 1.37Mt LCE @ 946 mg/l Li N Pata Pila/Deceo III Halite Basement Sands/silts/clays Gravels 1 km Alluvial Resource Li LCE K K KCI Category (mg/l) (t) (mg/l) (t) (t) HOMBRE MUERTO WEST (HWM) Indicated 946 1,372,466 8,733 2,38
Slide 11: HMW Resource Upside
HMW RESOURCE UPSIDE Potential Resource Upside Remains For Further Resource Increment Several areas covering margins of the Hombre Muerto salar, includes alluvial fan covered salar targets that have not been drilled Santa Barbara and Catalina geophysics (CSAMT) surveys confirm “very conductive and sh
Slide 12: HMW Portofino Transaction
HMW PORTOFINO TRANSACTION Option to purchase adjacent concession at HMW from Portofino Resources The new area includes alluvial fan covered salar targets at Del Condor and Pucara d Salar concessions, Portofino Resources Inc transaction (ASX:GLN 26/2/20) Potential for further resource estimates from
Slide 13: Candelas – Strong Brine Concentration Results
CANDELAS – STRONG BRINE CONCENTRATION RESULTS Comparative table of new developing lithium brine projects Ponds Area Li Recovery Production Project Ratio (1) (Ponds (LCE t per Source (Company) (8) (LCE t/ ha) per year) System) year to be Candelas (Galan) 70 – 80% (2) 28 – 38 (3) This announcement def
Slide 14: HMW – Indication of Sufficient Space for Evaporation
HMW – INDICATION OF SUFFICIENT SPACE FOR EVAPORATION Source: Intrepid Potash, US
Slide 15: ASX Company Comparisons
ASX COMPANY COMPARISONS LITHIUM BRINES COMPARATIVE TABLE (ASX Co.s) Company Resource Average grade Project Status Preferred LCE (mg/l Li) Processing Route GLN 2.1Mt 837 JORC Indicated resource Under study, PFS estimate completed commenced Dec-19 AGY 245kt 325 PEA completed, targeting Conventional in
Slide 16: Achievements and Indicative Next Steps
ACHIEVEMENTS AND INDICATIVE NEXT STEPS ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
Slide 17: Achievements and Indicative Next Steps – Timeline
ACHIEVEMENTS AND INDICATIVE NEXT STEPS Tasks CY2018 CY 2019 CY 2020 CY 2021 CANDELAS Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Geophysics & mapping Drilling Permits Drilling JORC Resource HMW Drilling Permits Drilling JORC Resource / Update STUDIES Scoping & PFS Pilot Plant Permits Pilot Plant
Slide 18: Argentina – A Pro-Mining & Investment Destination
ARGENTINA – A PRO-MINING & INVESTMENT DESTINATION From left to right and attending the 2019 IMARC conference in Melbourne: Mr. Raul Jalil (newly elected Governor of Catamarca), Ms Lucia Corpacci (current Governor of Catamarca), GLN’s Managing Director Mr. JP Vargas de la Vega and the Mines Minister
Slide 19: Galan Lithium Limited Investment Foundations
GALAN LITHIUM LIMITED INVESTMENT FOUNDATIONS ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
Slide 20: Fast Tracking to Lithium Carbonate Production in South America's Lithium Triangle
FAST TRACKING TO LITHIUM CARBONATE PRODUCTION IN SOUTH AMERICA’S LITHIUM TRIANGLE Level 3, 30 Richardson Street, West Perth, WA 6005 PO Box 396, West Perth, WA, 6872 Ph. +61 8 9322 6283 Fax. +61 8 9322 6398 www.galanlithium.com.au ASX:GLN Email: jp@galanlithium.com.au
Slide 21: Appendix 1 – Lithium Market Cost Curve – Lithium Supply Fundamentals
APENDIX 1 – LITHIUM MARKET COST CURVE – LITHIUM SUPPY FUNDAMENTALS Source: CRU
Slide 22: South American Brines – Simplified Model
SOUTH AMERICAN BRINES – SIMPLIFIED MODEL Strong Competitive Advantage to Produce Lithium Carbonate at ~USD6/kg LCE (Capex included) SC: Spodumene concentrate LC :lithium carbonate LH: Lithium hydroxide Source: iLi Markets
Slide 23: ...and, Remains Competitive
…and, REMAINS COMPETITIVE Even when producing Lithium Hydroxide at ~USD8/kg LCE (Capex included) SC: Spodumene concentrate LC :lithium carbonate LH: Lithium hydroxide Source: iLi Markets
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