Infinity Metals Limited · ASX:INF
Infinity Metals — Infinity Lithium — Investor Presentation (February 2021)
31 slides from Infinity Metals's investor presentation, Feb 16, 2021
Slide 1: Powering a Sustainable Future
INF FRA 3PM For personal use only POWERING A SUSTAINABLE FUTURE Lithium: the pillar of European eMobility
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 do
Slide 3: Snapshot Corporate Information
SNAPSHOT CORPORATE INFORMATION (ASX:INF) For personal use only Shares on issue ~ 319.9m Options, SARS ~ 79.1m Building the capability to supply lithium chemicals that are critically Share price (1) A$0.23 required for the EU’s rapid transition to electric mobility Market Cap (2) A$73.5m Cash (3) (De
Slide 4: Why Infinity Lithium?
WHY INFINITY LITHIUM? For personal use only LITHIUM POLICY DRIVEN EV UPTAKE EU VALUE CHAIN INFINITY LITHIUM HYDROXIDE EU Net Zero Carbon EU Rapid Adoption of Large Scale Investment EU Supply Critically Battery Grade Lithium 2050 EVs in Value Chain Exposed Hydroxide EV uptake critical Registration EV
Slide 5: San José Lithium Project: Highlights
SAN JOSÉ LITHIUM PROJECT: HIGHLIGHTS For personal use only FULLY INTEGRATED PRODUCTION OF BATTERY GRADE LITHIUM HYDROXIDE INF: 75% project ownership; option to acquire 25% EU’s 2nd largest hard-rock lithium resource Planned production ~ 15kt pa(1) lithium hydroxide Project life 30yrs Pre-production
Slide 6: Validating Strong Economics
VALIDATING STRONG ECONOMICS Infinity lithium project lithium hydroxide pre-feasibility study For personal use only NPV₁₀ Pre-tax US$860M IRR Pre-tax 42.3% Total Revenue From Lithium Hydroxide US$6Bn CAPEX² (Pre-production) US$268M OPEX¹ˑ³ US$5,434/t Capital Intensity $US16K/t Annual Production³ Proj
Slide 7: A Uniquely Fully Integrated & Sustainable Lithium Project
A UNIQUELY FULLY INTEGRATED & SUSTAINABLE LITHIUM PROJECT For personal use only Homogenous Extremely low 19 years mining Benign Water leach: ore body strip ratio reagents: K2SO4 minimum acid 30 years production Strip ratio Ore Mining ROM Beneficiation Kiln Feed Roasting Conversion Indicated: 59Mt 0.
Slide 8: Resource & Pit Outline
RESOURCE & PIT OUTLINE For personal use only SAN JOSE MINERAL RESOURCE, REPORTED ABOVE 0.1% Li CUT-OFF Amount Li2O x2 Potential to double Parameter Li% Sn ppm Mt (%) Surface Pit outline Resource: Indicated 59.0 0.29% 0.63 217 Inferred 52.2 0.27% 0.59 193 TOTAL 111.3 0.28% 0.61 206 Estimated using Or
Slide 9: Low Cost on a Global Scale, EU Advantage
LOW COST ON A GLOBAL SCALE, EU ADVANTAGE For personal use only Lithium Hydroxide Cost Curve (2022, US$/t) Opex $5,434/t LiOH 10 year Average Mining $/t LIOH 13% 12,000 General 2% Processing 10,000 OPEX 85% SAN JOSE $5,434¹ 8,000 6,000 Other Consumables 10% 4,000 5% Gas Costs Non-integrated: Maintena
Slide 10: A Uniquely Fully Integrated Industrial Lithium Project
A UNIQUELY FULLY INTEGRATED INDUSTRIAL LITHIUM PROJECT For personal use only Pre-Production Capital Expenditure Contingency Including Contingency Other $309M Other 4% Processing 83% Contingency Processing 13% CONVERSION PLANT (PROCESSING): • >83% of the total investment • Majority of jobs • No visib
Slide 11: EU Lithium-Ion Battery Value Chain
EU LITHIUM-ION BATTERY VALUE CHAIN For personal use only EU production Electric Vehicles Hard Rock Chemical Cathode Lithium-ion Battery Cell capacities for Resource Conversion Production Production & Assembly cathodes, batteries and EVs is booming Infinity Lithium Corporation Limited 11
Slide 12: EU Policy: Driving the EV Mega Trend
EU POLICY: DRIVING THE EV MEGA TREND The EU is committed to a Net Zero Carbon 2050 target For personal use only Indicative Fines for Exceeding Emissions Targets: Strict regulations Major Carmakers(1) Fines for emissions on emissions 6 ◼ 2021 ◼ 2022 in the € billions 5 are driving EU companies EU aut
Slide 13: Automotive Industry in Spain: The Pivot to EV
AUTOMOTIVE INDUSTRY IN SPAIN: THE PIVOT TO EV For personal use only 10% 18% of Spain’s of total GDP exports 2nd largest auto manufacturer in EU Assembly industry & 9th worldwide generated trade surplus of €10.6bn 2.8m vehicles produced 2019 4th ranked in turnover 2m total jobs: for auto-parts in EU
Slide 14: Lithium Market & EU Focus
INFINITY LITHIUM: LITHIUM MARKET & EU FOCUS For personal use only $24m The availability of battery grade lithium hydroxide remains key… as competition heats up between China and the EU EU MEGAFACTORY PRODUCTION(1) CAPACITY 500,000 508 GWh 450,000 18.8x 2019 400,000 350,000 300,000 250,000 276 GWh LC
Slide 15: Lithium Market & EU Focus
LITHIUM MARKET & EU FOCUS For personal use only “ What we need is BATTERY GRADE LITHIUM HYDROXIDE access to the raw 2nd Urgent response is required in the EU materials, but also need to build Europe is forecast be refining capacity.” the 2nd largest producer of: Electric vehicles Lithium Validation
Slide 16: San José Essential for the EU
SAN JOSÉ ESSENTIAL FOR THE EU For personal use only CRUCIAL PROJECT FOR THE EU “ Extremadura can “ San José is of very relevant strategic importance count on the support because raw materials are one of the weakest and collaboration of links in the value chain and there are not many the European Bat
Slide 17: San José Essential for Spain & Extremadura
SAN JOSÉ ESSENTIAL FOR SPAIN & EXTREMADURA For personal use only “ If Extremadura wants to become a relevant player, $24m it will have to facilitate and accelerate mining Diego Pavía CEO: EIT InnoEnergy projects such as San José de Valdeflórez”(1) DIRECT INF FACILITATING SERVICES INVESTMENT INVESTME
Slide 18: Permitting Roadmap
SAN JOSÉ ESSENTIAL FOR SPAIN & EXTREMADURA: PERMITTING ROADMAP For personal use only “ Complying with environmental regulations as demanding as the Julián Mora Aliseda European ones, and passing the administrative processing Professor of Land Management: phase, this project is an opportunity to plac
Slide 19: Infinity Lithium Technical Program
INFINITY LITHIUM TECHNICAL PROGRAM For personal use only 2020: COMMENCE FEASIBILITY STUDY TECHNICAL ADVISORY COMMITTEE Bench scale optimisation and production of battery grade samples Leading lithium processing experts leading the test work program Funded by EIT InnoEnergy: • Total funding commitmen
Slide 20: Net Carbon Neutral 2050: EU Funding
NET CARBON NEUTRAL 2050: EU FUNDING For personal use only EU’S ECONOMIC RECOVERY ALIGNED TO TRANSFORMING THE EU’S ECONOMY FOR A SUSTAINABLE FUTURE THROUGH INVESTMENT IN DIGITAL, RENEWABLE ENERGY AND ENVIRONMENTALLY SUSTAINABLE PROJECTS. Coronavirus Infinity part of EIT InnoEnergy led Recovery Fund S
Slide 21: Prioritising Sustainable & Ethical Sourcing
PRIORITISING SUSTAINABLE & ETHICAL SOURCING For personal use only European Commission will impose new legally binding environmental standards for batteries: an effort to outgreen China & offer local producers a way to differentiate their production from Asian competitors Europe plans ‘battery passpo
Slide 22: Good Citizens: ESG Profile
GOOD CITIZENS: ESG PROFILE San José is a sustainable and fully integrated project aligned to the EU’s green strategic targets For personal use only VERY LOW STRIP RATIO: NO SHIPPING OF PLANT FEEDSTOCK: producing minimal waste resource & conversion plant on site EU SOURCED REAGENTS: CLOSE TO EU END M
Slide 23: Infinity Lithium: Milestones
INFINITY LITHIUM: MILESTONES For personal use only Increase San José project ownership Expand in-country management team Cayetano Polo Head of Institutional Relations Renegotiate JV agreement Complete phase one test work Complete test work: produce LiOH Produce 1st samples of battery grade LiOH Deli
Slide 24: Summary
SUMMARY For personal use only Fully integrated lithium FOLLOW US hydroxide production in the EU infinitylithium.com European Deal with InnoEnergy: Funding Feasibility Test Work sanjosevaldeflorez.es Leveraging the EU’s rapid adoption of electric vehicles Infinity Lithium @Infinitylithium Building te
Slide 25: Appendix 1: Lithium Forecast
APPENDIX 1: LITHIUM FORECAST For personal use only $24m Source: Benchmark Lithium Forecast Q3 2020 Infinity Lithium Corporation Limited 25
Slide 26: Appendix 2: Lithium Ion Battery Megafactory
APPENDIX 2: LITHIUM ION BATTERY MEGAFACTORY For personal use only $24m Source: Benchmark Mineral Intelligence: Lithium ion Battery Megafactory Assessment (November 2020) Infinity Lithium Corporation Limited 26
Slide 27: Appendix 3: EIT InnoEnergy & Infinity Lithium
APPENDIX 3: EIT INNOENERGY & INFINITY LITHIUM For personal use only INFINITY: THE 1ST LITHIUM PROJECT TO SECURE EU FUNDING THROUGH EIT INNOENERGY Under the Business Investment Platform EIT InnoEnergy Direct Investment €800,000 Manages EBA industrial development (~ A$1.3m) programme EBA250 • Payable
Slide 28: Appendix 4: Project Tenure & Aerial Layout
Appendix 4: Project Tenure & Aerial Layout For personal use only Investigation Permit Ampliación a Valdeflórez (‘PIAV’): PI 10C10359-00 Status: Granted Investigation Permit Valdeflórez (‘PIV’): PI 10C10343-00 Status: Application Infinity Lithium Corporation Limited 28
Slide 29: Appendix 5: Sustainable, Low Carbon Footprint
APPENDIX 5: SUSTAINABLE, LOW CARBON FOOTPRINT For personal use only Hardrock Beneficiation SPODUMENE MICA Other processes Chinese Spodumene Converters Infinity & Others Available within Roast Roast Roast Fertilizer the EU $$$ $$ K2SO4 Ca2+ Fe2+ 35min 1,100°C 20min 840°C Hazardous Acid Water Leach No
Slide 30: Appendix 6: Sustainable Low Carbon Footprint
APPENDIX 6: SUSTAINABLE LOW CARBON FOOTPRINT For personal use only • Very small water • Roasting process uses • All reagents INFINITY LITHIUM requirement and most safe reagents such as available • Chemical plant of the water is recycled potassium sulphate domestically <3km away • Leaching process us
Slide 31: Appendix 7: Timeline
APPENDIX 7: TIMELINE For personal use only 2021 2022 2023 2024 2025 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Test Work & Pilot Plant Feasibility Study FID Permitting & Approvals Construction & Commissioning Production Infinity Lithium Corporation Limited
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