Liontown Limited · ASX:LTR
Liontown — Liontown Resources — Resources Rising Stars 2021
28 slides from Liontown's conference presentation, Oct 14, 2021
Slide 1: Liontown Resources - Resources Rising Stars
For personal use only Liontown Resources ASX: LTR Resources Rising Stars Presentation | October 14-15, 2021 1 | LIONTOWN RESOURCES MANAGEMENT PRESENTATION September 2021
Slide 2: Important information
Important information For personal use only CAUTIONARY STATEMENT Competent person statement The production targets and forecast financial information referred to in the PFS were based on Proven Ore Reserves (19.7%), The Information in this Presentation that relates to Ore Reserves, Production Target
Slide 3: Liontown Corporate Overview
Liontown Corporate Overview Liontown is an ASX-listed lithium developer and explorer with a ~A$2.8bn market capitalisation For personal use only Projects Corporate snapshot (11 Oct 2021) ASX: LTR Market Cap. Share price ($/s) Kathleen Valley World-class scale and economics (Lithium-Tantalum) 156Mt @
Slide 4: Investment Proposition
Investment Proposition Kathleen Valley is a globally significant lithium resource, located within a stable and established mining jurisdiction with strong ESG credentials and growth optionality. The project is well positioned, with start of production expected to coincide with a significant spodumen
Slide 5: ESG commitments matter - Climate Strategy Roadmap
ESG commitments matter - Climate Strategy Roadmap Proven technology, real time frame, no false promises and measurable For personal use only Commence Operation Operation Year 5 Measurable Operation Year 10 Year 0 Net zero (FOB) First production 1st goal Inaugural sustainability 2024 2029 2034 report
Slide 6: Lithium Market Overview
Lithium Market For personal use only Overview 6 | LIONTOWN RESOURCES INVESTOR PRESENTATION October 2021
Slide 7: Spodumene Concentrate Demand Drivers
Spodumene Concentrate Demand Drivers Lithium hydroxide is emerging as preferred for EV batteries due to a preference for nickel -cobalt-manganese (NCM) chemistries. Spodumene is the preferred source for refining lithium hydroxide, given direct conversion compared to brines, which reduces the process
Slide 8: Lithium Demand and Supply Dynamics
Lithium Demand and Supply Dynamics Production at Kathleen Valley is expected to commence in 2024, coinciding with a forecast market deficit that is expected to continue and grow beyond 2024. Liontown has optionality to further increase production towards the end of the decade to capitalise on the wi
Slide 9: Kathleen Valley Lithium Project
Kathleen Valley For personal use only Lithium Project 9 | LIONTOWN RESOURCES INVESTOR PRESENTATION October 2021
Slide 10: Kathleen Valley Highlights
Kathleen Valley Highlights Kathleen Valley is a uniquely positioned, globally significant Tier 1 lithium resource For personal use only Australian hard rock lithium operations and advanced projects Kathleen Valley By project, size, and grade Highlights Operating/Established In development Liontown 1
Slide 11: Underground Mining
Underground Mining Underground mining is synonymous with other materials, and is becoming more common for lithium miners given the environmental and social benefits, higher ore quality and grades and minimisation of waste For personal use only Rationale for Underground Lithium Mining Underground Res
Slide 12: Proposed Whole Ore Flotation Flowsheet
Proposed Whole Ore Flotation Flowsheet Liontown proposes to undertake whole-of-ore flotation (WOF) to produce high-grade spodumene concentrate. WOF significantly improves the consistency of recoveries and reduces operational challenges associated with traditional approaches For personal use only Pro
Slide 13: Plant flowsheet and schematic
Plant flowsheet and schematic Minimising land disturbance and surface waste disposal For personal use only 13 | LIONTOWN RESOURCES INVESTOR PRESENTATION October 2021
Slide 14: Location and Infrastructure
Location and Infrastructure Kathleen Valley is located within a well serviced and highly active mining region For personal use only Major Nickel Cliffs Town of Leinster and Gold Mines Cosmos Goldfields Natural Highway (access Bellevue Underground gas pipeline Mine to Geraldton port) Leinster Vivien
Slide 15: We aim to accelerate the schedule to meet expected market shortfall
We aim to accelerate the schedule to meet expected market shortfall For personal use only Updated Early PFS FEED/ works/ Construction and DSS DFS FID design complete Commissioning Production Q4 2020 Q4 2021 Q2 2022 Q3 2022 Q4 2023 Q1 2024 Q2 2024 Continued assessment of growth and downstream process
Slide 16: Near-term objectives: further de-risk and accelerate
Near-term objectives: further de-risk and accelerate For personal use only Delivering Kathleen Valley development project Revised mine schedule with significantly greater underground ore focus, decreasing surface footprint / waste dumps All key environmental site-based studies / investigations
Slide 17: Buldania Overview
Buldania Overview For personal use only Buldania is in a lithium-rich mineral province 1 Outcropping, fresh, spodumene-related mineralization 2 Mineralisation at Anna extends to the SE under shallow cover – strike length >1.4km and open – new drilling programme underway 3 Similar geology to the Mt M
Slide 18: Marketing
Marketing For personal use only 18 | LIONTOWN RESOURCES INVESTOR PRESENTATION October 2021
Slide 19: Li-ion Battery Value Chain Overview
Li-ion Battery Value Chain Overview Spodumene producers such as Liontown form an integral part of the global li-ion battery value chain, with ultimate end users including major global automotive original equipment manufacturers (“OEMs”, ~85% of 2025 forecast li-ion demand) and consumer electronics p
Slide 20: Offtake Strategy
Offtake Strategy Liontown intends to put in place large foundation offtake agreements, aiming to deliver diversification by geography and stag e in value chain. For personal use only Offtake Strategy Geographic Breakdown and Indicative Target Customers • Liontown has engaged with in excess of 50 par
Slide 21: Liontown Investment Proposition - Recap
Liontown Investment Proposition - Recap For personal use only Strong Lithium market fundamentals – supply gap from 2024 Some of the best undeveloped spodumene deposits located in a reliable mining jurisdiction • Kathleen Valley – large, high grade and competitive cost structure • Buldania – further
Slide 22: Thank You
For personal use only Thank You Visit www.Itresources.com.au For More Information: Investor Relations: Tony Ottaviano Nicholas Read Managing Director Read Corporate T: +61 8 6186 4600 T: +61 8 9388 1474 info@ltresources.com.au nicholas@readcorporate.com.au @LiontownRes liontown-resources-limited 22
Slide 23: Appendix: Kathleen Valley Project Additional Information
For personal use only APPENDIX 1 Kathleen Valley Project Additional Information 23 | LIONTOWN RESOURCES INVESTOR PRESENTATION JULY 2021
Slide 24: Peer Comparison Information – Mineral Resource Estimates
Peer Comparison Information – Mineral Resource Estimates For personal use only Measured Indicated Inferred Global MRE Li2O Company Project Stage Mt Mt Mt MRE Mt Grade % Information Source Liontown Resources Kathleen Valley Development 20.0 109.0 27.0 156.0 1.35 ASX Release 8/4/2021 Buldania Scoping
Slide 25: Peer Comparison Information
Peer Comparison Information For personal use only Global hard rock (spodumene) underground Reserves Announcement UG Reserve UG UG LCE Company Code Project name Announcement title date (Mt) Li2O% (Mt)1 Core Lithium CXO Finniss Stage 1 DFS and Updated Ore Reserves 26 July 2021 4.2 1.30% 0.1 EMH EMH Ci
Slide 26: Lithium Equivalency (Li2O + Ta2O5) Parameters
Kathleen Valley For personal use only Lithium Equivalency (Li2O + Ta2O5) Parameters Inputs Outputs Li2O% Tantalite (Ta2O5) $/lb 69.9 (B2) US$ (Roskill 2025 – 2040 average price adjusted to FOB) Spodumene $/tonne 739 (B3) US$ (Roskill 2025 – 2040 average price, adjusted to FOB) Tantalite recovery 50%
Slide 27: Appendix: Net-Zero definition
For personal use only APPENDIX 2 Net-Zero definition 27 | LIONTOWN RESOURCES INVESTOR PRESENTATION August 2021
Slide 28: Liontown will firm up its net-zero trajectory aspiration before FID
Liontown will firm up its net-zero trajectory aspiration before FID Selected examples of different “net zero” pathways For personal use only >2°C 2°C “Well below 2°C” 1.5°C There are many Emissions different ways to meet “net (MtCO2e) zero” by 2050 2050 2050 2050 2050 Aligned with the Sector- Paris