Infinity Metals Limited · ASX:INF
Infinity Metals — Infinity Lithium — Noosa Mining Investor Conference 2023
28 slides from Infinity Metals's conference presentation, Nov 16, 2023
Slide 1: Infinity to present at the Noosa Mining Investor Conference
16 NOVEMBER 2023 INFINITY TO PRESENT AT THE NOOSA MINING INVESTOR CONFERENCE Infinity Lithium Corporation Limited (‘Infinity’, or ‘the Company’) Managing Director and CEO, Ryan Parkin is pleased to be presenting at the Noosa Mining Investor Conference hosted by Equity Events today. A copy of the pre
Slide 2: The San José Lithium Project
The San José Lithium Project Noosa Mining Investor Conference 16 NOVEMBER 2023 TT INFINITY LITHIUM WWW.INFINITYLITHIUM.COM ASX:INF
Slide 3: Disclaimer – Scoping Study Cautionary Statement
DISCLAIMER Scoping Study - Cautionary Statement The Updated Scoping Study referred to in this announcement has been undertaken to assess the viability of an underground-only mining operation and integrated lithium chemical production facility at San José. It is a preliminary technical and economic s
Slide 4: Disclaimer
DISCLAIMER 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 presentationis insummary form and does not purport to be all
Slide 5: San José Lithium Project highlights
~1.6MT LCE 26-year which at strike and depth on-site producing battery grade lithium hydroxide 75% interest in San José, QOGo0e 1. Closing share priceasat 14 November 2023, 2 Undiluted market capitalisationas 14 November 2023 3. Cashasat30 September 2022 Refer to Quarterly Cashflow Report27 October
Slide 6: Recent Achievements: San José Lithium Project
INFINITY LITHIUM ——_ RECENT ACHIEVEMENTS: SAN JOSE LITHIUM PROJECT * Significant increase in production UPDATED SCOPING STUDY . | * Robust project economics * €18.8 million’ grant from Spanish Government GRANT FUNDING ° 6th largest grant awarded under PERTE VEC Il Favourable assessment by City Hall?
Slide 7: Lithium Hydroxide
Lithium Hydroxide Increased Monohydrate (LHM) per annum Improved New process delivers exceptional Production steady state production ( Recoveries LHMS. and for processing driven by increased recoveries and efficiencies on-site feedstock Compelling cost and investment Innovative Conversion Process Li
Slide 8: Updated Scoping Study results
ROM Life-of-Mine LHM Average Production 2Mtpa 26 Years 33ktpa US$4,116m 25.8% US$21,740m —_US$27,000/t €3,8t1m € 20130m US$2,870m 21.3% 4.2 Years US$5,723/t €2,657m € 5,299/t Refer ASX Announcement Updated Scoping Study: 8 Novernber 2023 and Cautionary Statementon Slide? WWW. INFINITYLITHIUM.COM INF
Slide 9: Simplification of Process Units
SIMPLIFICATION OF PROCESS UNITS Conversion Process for San José >? Industry Standard Hard Rock Conversion Process PURIFICATION & _« BENEFICIATION CRYTALLISATION (x CALCINATION > x ROASTING > LEACHING INFINITY LITHIUM Not required with Li-Stream RPK™ WWW. INFINITYLITHIUM.COM 8
Slide 10: Resource
RESOURCE Mineralogy mineralisation (beyond crushing), calcining or roasting before leaching + Zinnwaldite mica replacement deposit hosted by pelitic shales of the Central Iberian Zone, with lithium mineralisation occurring predominantly within the slates * Host rock comprises roughly equal parts mic
Slide 11: Underground Mining
UNDERGROUND MINING Established mineral Social & Environmental 2Mtpa ROM Resource access via portal Underground mining and adjacent to processing facility resource extraction In direct response to the local delivery of ROM for direct Transport & service decline 1,300m Long hole open stoping with comm
Slide 12: San José Resource
San José Resource + Lithium bearing mica + One of Europe's largest hard rock lithium deposits + Large homogenous resource + Open along strike and at depth Backend Metallurgy Industry standard processing of lithium liquor and the purification & crystallisation to battery grade end product Conventiona
Slide 13: Processing
PROCESSING ©) Reduced Residence & Processing Times: Simplified and fast conversion process Improved Recoveries & (tl) Environmental Profile: Greater than 90% recoveries — increased production volumes & scale potential” Referto ASX Announcement Updated Scoping Study: 8 November 2023 WWW. INFINITYLITH
Slide 14: Green and Secure Energy Strategy
GREEN AND SECURE ENERGY STRATEGY NO ONGOING NATURAL RENEWABLE ENERGY GAS REQUIREMENT ENERGY CO-GENERATION Alignment to potential Consideration for European Reduced net energy localised renewable energy security through removal consumption through energy source and access of annual natural gas energy
Slide 15: Focused on Emission Reduction
FOCUSED ON EMISSION REDUCTION Underground extraction of feedstock: 20 Sh No disturbance to surface Low CO, footprint aligned to EU market priorities 8 3\_No shipping of plant feedstock: n Resource & conversion plant on site no carbon 16 7 = footprint from transport Low CO, footprint for ~ 4 integrat
Slide 16: Exploration Permit granted over extended project area
Exploration Permit Extremadura S.E. granted over extended (9.3ha)project area! Collaboration with regional government and stakeholders Government response received? Streamlining of ensuing environmental submission Option for long-term lease secured over lands proposed for the 2 industrial developmen
Slide 17: WWW. INFINITYLITHIUM.COM
WWW. INFINITYLITHIUM.COM 16 1. Referto ASX announcement 13 November 2023
Slide 18: San José location and European automotive production
(212090 SAN JOSE pone LITHIUM Invest in Spainhttps://www.investinspain.org/content/icex-invest/en/sectors/automotive ‘See Appendix InsideEV's Plug n ElectricCar Sales June2023 European Automobile Manufacturers’ Assoc. https’ /www.aceaauto/figure/interactive-map-automobile-assembly-and- productionpla
Slide 19: Schedule
SCHEDULE Key Milestone EIASD’ Lodged! Exploration Permit Application Exploration Permit Granted? EIASD Received? Li-Stream Optimisation Scoping Study PERTE II Grant Funding Received Urban Compatibility Report Received Li-Stream Locked Cycled Test Work* Exploitation Concession Application PREMIA* App
Slide 20: Infinity Lithium
INFINITY LITHIUM WWW. INFINITYLITHIUM.COM
Slide 21: Appendix 1: Pricing
APPENDIX 1: PRICING Long Term Pricing Outlook remains strong: the Study pricing assumptions at US$27,000 Independent Pricing Fastmarkets provided independent lithium market report with specific attention to EU outlook" ise arkets nian Cw Av. LHM price (US$/t) 27,000 30,778 35,926 NPV »,(post-tax US$
Slide 22: CAGR 54% CAGR 11% North America
CAGR 54% CAGR 11% Europe Australia North America Rest of World 1% 0.30% 2% 0.10% South America 31% China 66% 21
Slide 23: Appendix 3: Market Outlook (continued)
APPENDIX 3: MARKET OUTLOOK (CONTINUED) European Supply Deficit Forecast of Battery Grade Lithium Chemicals 000’ tonnes LCE 600 2023) 2024/2025 ‘| ‘| “| =I 2000] a | 2092) 2033] 500 400 30 8 201 3 101 3 ° -100 -200 -300 Supply mDemand mBalance ‘Source: Fastmarkets Lithium Market Report July2023, WWW.
Slide 24: Resource remains open along strike & at depth
Resource remains open along strike & at depth 23
Slide 25: Appendix 5: Board of Directors and Management
APPENDIX 5: BOARD OF DIRECTORS AND MANAGEMENT ADRIAN BYASS Non-Executive Chairman JONATHAN WHYTE CFO & Company Secretary WWW. INFINITYLITHIUM.COM RYAN PARKIN CEO & Managing Director JUSTIN SAMULSKI General Manager Corporate Affairs Extremadura New Energies RAMON JIMENEZ Executive Director / CEO DAVI
Slide 26: Appendix 6: Project Evaluation Summary
APPENDIX 6: PROJECT EVALUATION SUMMARY Study Team Metri Value | | INFINITY Jon Starink - Chief Technical Officer Ave LHM production (steady state) 733,274tpa neeNTECH Dr David Maree - Chief Process Engineer NPVgx pre-tax €3,8tim US$4,116m Ryan Parkin - Managing Director and CEO IRR pre-tax 25.8% | \
Slide 27: Appendix 7: Pricing Sensitivities
APPENDIX 7: PRICING SENSITIVITIES 's: NPV (Post-Tax) Sensitivities: IRR (Post-Tax) soos son am oon soe = toon = m0 : H S 5 omy BOL aE oy (200m) (sy (cam) ost ‘% Change in Area (00% 9% Change in Area varie ome cpt tans te vec tt tin prco ——opex ——capex —trchango rate —Discount Rate WWW. INFINITYLITHI
Slide 28: Appendix 8: Ownership
APPENDIX 8: OWNERSHIP Clear Path to 100% Call option to move to 100% any time prior to FID Administrative Control Infinity holds 75% interest in Project Referto ASX Announcement Updated Scoping Study: 8 November 2023 WWW. INFINITYLITHIUM.COM La INFINITY tmvarvumouuconronanon rose (EET | seacyr valor
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