Core Lithium Ltd · ASX:CXO
Core Lithium — Diggers & Dealers Mining Forum 2022
21 slides from Core Lithium's conference presentation, Aug 1, 2022
Slide 1: Australia's Newest Lithium Miner
For personal use only AUSTRALIA’S NEWEST LITHIUM MINER Simon Iacopetta Chief Financial Officer Diggers & Dealers Mining Forum 1 August 2022 corelithium.com.au | ASX CXO
Slide 2: Important & Cautionary Notes
IMPORTANT Competent Person Statements The information in this release that relates to the estimation and Forward-looking information is developed based on assumptions about such risks, uncertainties and other factors set out herein, including but & CAUTIONARY reporting of Ore Reserves and Mineral Re
Slide 3: Finniss Lithium Project at a Glance
FINNISS LITHIUM PROJECT AT A GLANCE For personal use only 2016 JULY 2021 SEPTEMBER 2021 OCTOBER 2021 JULY 2022 Q4 2022 H1 2023 Discovered DFS Final Investment Construction Grow LOM to First Shipment Commercial Lithium at Finniss 8-Year LOM Decision Commenced 12-Years (DSO) Production (SC6) corelithi
Slide 4: Finniss Lithium Project at a Glance
FINNISS LITHIUM PROJECT AT A GLANCE For personal use only Finniss is Australia’s newest lithium mine Targeting first production in Q4 2022 Located 88km by sealed road to Darwin Port Low-risk in Tier 1 jurisdiction FID in Q3 2021 and project construction is progressing Low capital-intensive project u
Slide 5: Mature Customer Base
MATURE CUSTOMER BASE For personal use only Company Contract Period Product Pricing Binding Offtake 1 4 Years 300,000t Formula-based referencing market prices for spodumene Binding Offtake 2 4 Years 300,000t concentrate Binding Term Sheet 3, 4 4 Years Up to 110,000t NOTES 1. Refer CXO ASX announcemen
Slide 6: Corporate Snapshot
CORPORATE SNAPSHOT For personal use only BOARD CAPITAL STRUCTURE 2 Greg English Share Price - 30 June 2022 Cash - 30 June 2022 Non-Executive Chair A$0.955/sh A$135M Stephen Biggins 3 Managing Director Shares on Issue - 30 June 2022 Debt - 30 June 2022 Heath Hellewell 1,733M Nil Non-Executive Directo
Slide 7: Share Price Performance Relative to Peers and Market
SHARE PRICE CORE LITHIUM SHARE PRICE VS. LITHIUM EQUITY INDEX VS. S&P/ASX 200 INDEX PERFORMANCE For personal use only $1.80 RELATIVE TO New Lithium Project Acquisition in the NT $1.60 PEERS AND Core Lithium Share Price S&P/ASX 200 Index Inclusion Lithium Equity Index¹ $1.40 MARKET S&P/ASX 200 Index2
Slide 8: Finniss Lithium Project Strategy
For personal use only FINNISS LITHIUM PROJECT STRATEGY • Project Delivery • Organic Growth corelithium.com.au | 8
Slide 9: Finniss Lithium Project Delivery
Management Team April 2022 For personal use only FINNISS LITHIUM PROJECT DELIVERY • Operational Readiness • First shipment Q4 2022 • Commercial Production H1 2023 corelithium.com.au | 9
Slide 10: Finniss Lithium Project Operation
Finniss Lithium Project Operation July 2022 For personal use only Mining at Grants Open Pit (Stage 1) Lucas TCS - Mining Contractor Sealed Road - 88km to Darwin Port Crushing Infrastructure Works in Progress CSI - Crushing O&M Contractor DMS Plant Construction Underway Primero - EPC Contractor
Slide 11: Mine Plan Visibility
MINE PLAN VISIBILITY For personal use only SPODUMENE CONCENTRATE CONSENSUS PRICE FORECAST2 VS. COST $4000 $7,000 Jun-22 Spot Price Mine Plan Visibility from Commercial Production in 1H 2023 $3000 Life of Mine (LOM) 3 12 years US$ per tonne Spodumene Concentrate Production (kt) 1,917 $2000 Strong ope
Slide 12: Organic Growth
For personal use only ORGANIC GROWTH corelithium.com.au | 12
Slide 13: Mineral Resources and Mine Plan Upgrade
MINERAL MINERAL RESOURCE AND ORE RESERVE ESTIMATES1 RESOURCES JORC Category 2021 2022 YoY Growth (Mt) For personal use only AND MINE Mineral Resource Estimate Ore Reserve Estimate 14.8Mt @ 1.4% 7.4Mt @ 1.3% 18.9Mt @ 1.3% 10.6Mt @ 1.3% +28% +43% PLAN UPGRADE Conversion Rate 50% 56% ESTIMATED CONCENTR
Slide 14: Finniss Life Cycle and Growth Targets
FINNISS LIFE ORGANIC GROWTH STORY CYCLE AND 14 For personal use only GROWTH 13 $13m 12 TARGETS 11 Mine Life (year) and Exploration Expenditure ($ millions) 10 9 FY23 exploration 8 program of +40,000m at 7 Finniss is the largest in $6m the Company’s history 6 5 $5m On average, Core has 4 invested $1.
Slide 15: Organic Growth Pipeline
ORGANIC GROWTH PIPELINE For personal use only OPERATION DEVELOPMENT STUDIES ADVANCED EXPLORATION EXPLORATION Over 500km 2 of tenure over the highly prospective Bynoe Pegmatite Field in the NT. corelithium.com.au | 23
Slide 16: The Investment Case
For personal use only THE INVESTMENT CASE corelithium.com.au | 16
Slide 17: Australia's Newest Lithium Miner
AUSTRALIA’S NEWEST LITHIUM MINER For personal use only A$8,000m A$6,000m Market Capitalisation A$4,000m A$2,000m A$0m Essential Metals Green Technology Global Lithium Leo Lithium Ioneer Piedmont Lithium Sayona Mining Core Lithium Liontown Allkem Pilbara Minerals Metals Resources Resources Under Stat
Slide 18: FY23 Focus and Near Term Catalysts
OPERATIONAL • Commence production at Finniss FOCUS • Transition owners' team from construction to operation For personal use only FOCUS FOR FY23 HIGH IMPACT • $15M total company exploration budget EXPLORATION • Includes extension drilling at BP33 and Carlton • Mineral Resource and Ore Reserve growth
Slide 19: Thank You
For personal use only Thank You INVESTOR ENQUIRIES Simon Iacopetta Chief Financial Officer +61 8 8317 1700 Core Lithium Ltd Level 5, 149 Flinders St, Adelaide, SA, 5000 MEDIA ENQUIRIES Fraser Beattie Senior Consultant +61 421 505 557 Cannings Purple Authorised for release by the Board of Core Lithiu
Slide 20: Annexures
For personal use only ANNEXURES
Slide 21: JORC (2012) Mineral Resources and Ore Reserves
MINERAL JORC (2012) RESOURCES AND RESERVES Mineral Resources Classification Ore Grade Contained Source: CXO ASX Release “Significant Increase to Finniss Lithium Project Mineral Resource & Ore Reserves”, 12 July 2022 Columns may not total exactly due to rounding RESOURCES Deposit Mt Li2O% Li2OT For p