Liontown Limited · ASX:LTR
Liontown — Liontown Resources — Shareholder Meeting (November 2023)
33 slides from Liontown's shareholder meeting presentation, Nov 30, 2023
Slide 1: 2023 AGM Chair Address and Presentation
ASX Announcement ASX: LTR 30 November 2023 2023 AGM Chair Address and Presentation Liontown Resources Limited (ASX:LTR) ("Liontown" or the "Company") is pleased to provide a copy of the Chair Address and the Managing Director’s Presentation to shareholders which will be presented at the Liontown Ann
Slide 2: Chair Address
ASX: LTR www.ltresources.com.au Chair Address Fellow shareholders, it is a great pleasure to report on what has been an extraordinary year for Liontown. In January, we started mining and stockpiling ore at Kathleen Valley and major works started on the process plant. We are now more than 60 percent
Slide 3: Chair Address (continued)
ASX: LTR www.ltresources.com.au During financial year 2023, the price of spodumene concentrate averaged a very healthy US$6,482 per tonne. It finished the period at a 12-month low of US$3,750 US a tonne. Since then, it has fallen further to around US$1,590 a tonne 1. With an expected ten-year averag
Slide 4: Chair Address (continued)
ASX: LTR www.ltresources.com.au After nearly 10 years, Anthony Cipriano has decided to step down from the board at the end of December. When Anthony joined us in 2014, he arrived with a reputation as a distinguished and impressive leader in all aspects of corporate transactions on both a national an
Slide 5: Annual General Meeting 2023
For personal use only Annual General Meeting 2023 Tony Ottaviano Managing Director / Chief Executive Officer ASX: ltresources.com.au
Slide 6: Important Information
Important Information Forward looking statements The Information in this Presentation that relates to Mineral Resources for the Buldania Project is This Presentation contains forward-looking statements which are identified by words such as ‘may’, ‘could’, ‘believes’, extracted from the ASX announcem
Slide 7: Agenda
Agenda 1. Liontown Overview 4 For personal use only 2. Our Strategy 5 3. Market backdrop 6 4. Our year in review 11 5. Kathleen Valley Project progress 15 6. Downstream update 20 7. Liontown full potential 23 8. The year ahead 26 9. Questions 3
Slide 8: Overview
Overview Playing a key role in the world’s transition to a low-carbon future Globally significant Tier 1 lithium mine in a premier For personal use only mining jurisdiction - Product will be compliant with US and EU policy Clear strategy with material value upside - Expanding Kathleen Valley, pursui
Slide 9: Liontown's strategy
Liontown’s strategy For personal use only Our pathway to become a globally significant provider of battery minerals as the world transitions to a low-carbon future Kathleen Valley Downstream Expansion Liontown Full Potential Full Potential Develop integrated operations to Expand portfolio through or
Slide 10: Market backdrop
For personal use only Market backdrop 6
Slide 11: Since our last AGM – Pricing has reset…
Since our last AGM – Pricing has reset… Project Milestones 10 May 23 17 Aug 23 29 Sep 23 17 Nov 23 19 Jul 23 13 Sep 23 Underground Project update/ revised Underground 20 Jan 23 3 Feb 23 Open pit mining Haulage SMP and E&I mining services capital cost A$951m mining Project update/ revised Open pit se
Slide 12: …but long-term fundamentals remain strong
…but long-term fundamentals remain strong 2023 H1 High case Refined Lithium demand & mining supply1, 22-32 For personal use only kt, LCE 3,000 – 3,400 kt 3,536 LCE 138 398 398 1,441 1,441 +311 2094 311 2,284 +2,284 +433 Base supply 767 +335 +239 239 777 777 716 716 Existing Restarts, Certain Probabl
Slide 13: New projects in years to meet demand
42 projects in 3 years to meet demand Lithium mine production growth 2022-2026, kt LCE • 42 new projects just to meet demand For personal use only Countries with US FTA Countries without US FTA 2026 Production • ~60% supply expected 1,020 1,754 from countries without 2026 Demand Range 1 US FTA2 - wi
Slide 14: The changing geo-political landscape
The changing geo-political landscape US Inflation Reduction Act (IRA) – Aug 2022 Liontown’s Advantage Producer of ‘IRA compliant’ spodumene2, with strategic For personal use only Set in motion series of agreements between ‘like-minded’ partners ambition to move downstream to secure critical mine
Slide 15: Our year in review
For personal use only Our year in review 11
Slide 16: FY23 Highlights – a year of significant progress
FY23 Highlights – a year of significant progress For personal use only June 2023 January 2023 Process plant October 2022 structural steel erection Plant capacity 20% commenced July 2022 Mining Proposal & April 2023 increase announced Concentrate storage Works Approval received 90m communications EPC
Slide 17: FY23 ESG Highlights
FY23 ESG Highlights Our 5 interconnected ESG pillars guide us to be a responsible, transparent and accountable company Gender diversity road map developed For personal use only Respecting and Gender pay gap review undertaken Protecting Female workforce representation: 31% Mental health first
Slide 18: Funded to first production and beyond
Funded to first production and beyond A funding package providing the project capital, working capital and reserves to see us through to production at Kathleen Valley and beyond $14m share allocation For personal use only 1200 14 Through a non-underwritten Share Purchase Plan Use of funds 1000 $37
Slide 19: Kathleen Valley Full Potential
For personal use only Kathleen Valley Full Potential Become a globally significant sustainable supplier of spodumene 15
Slide 20: Kathleen Valley – focus is on delivery mid 2024
Kathleen Valley – focus is on delivery mid 2024 For personal use only More than 60% Approximately 90% of complete – earned capital costs value committed All major mining and Updated capital cost construction contracts to first production awarded $951m 16
Slide 21: Forging ahead on the mining front
Forging ahead on the mining front Open pit mining Stockpiling of clean ore on ROM pad For personal use only On track for feed stock to support production Concluded at Mt Mann pit - underground preparation Ore sorting program validated by test work Tailings Storage Facility Cell 1 completed
Slide 22: Process plant on track for mid 2024
Process plant on track for mid 2024 Process plant Plant concrete: 91% complete For personal use only Wet plant Structural, Mechanical, Piping and Electrical & Instrument contract awarded to Tier-1 contractor Monadelphous Structural steel and platework fabrication: 90% complete Magnetic separ
Slide 23: Non-process infrastructure
Non-process infrastructure Hybrid power station For personal use only Hybrid PowerStation over 70% complete All solar panels deployed Thermal power station and LNG facilities on site Wind turbine footings complete, delivery of turbines and blades to site underway Diesel gensets and switch
Slide 24: Downstream Expansion
For personal use only Downstream Expansion Develop integrated operations to capture higher margins, create new supply chains 20
Slide 25: Downstream – Getting the strategy right upfront
Downstream – Getting the strategy right upfront Value maximising? Place For personal use only Geopolitically attractive Long life, high quality – unique opportunity to unlock more value Optimal capital and opex environment through integrated supply chain Skilled workforce Strategic Robust through th
Slide 26: Downstream – Sumitomo Partnership
Downstream – Sumitomo Partnership • Joint feasibility study into an Australia-Japan lithium supply chain For personal use only • Exploring intermediate and finishing plant opportunities in Australia and Japan • Unique partnership with a major Japanese industrial corporation to maximise future value
Slide 27: Liontown Full Potential
For personal use only Liontown Full Potential Expand portfolio through organic growth, value accretive M&A and exposure to the circular economy 23
Slide 28: Building a Company, not just a Project
Building a Company, not just a Project Company Wide - Business Readiness Mapped all functions – workstream plans in place For personal use only Developed work force plan identified roles required for the next two years Recruiting well in advance – a lot of interest in working for Liontown Ke
Slide 29: Buldania Update
Buldania Update Kalgoorlie Exploration completed at the Coolgardie For personal use only Anna deposit to improve 1 definition and infill the Mt Marion 64.8 Mt at 1.42% Li2O Manna Mineral Resource 36.0 Mt at 1.13% Li2O West Spargoville Project Bald Hill Early metallurgical testwork 26.5 Mt at 0.96% L
Slide 30: The year ahead
The year ahead For personal use only Kathleen Valley Business and commissioning and operationally ready for first production steady state Finalise Progress downstream decarbonisation strategy pathway 26
Slide 31: Video
Video For personal use only To watch visit: youtu.be/RoF3l_V6INs 27
Slide 32: Questions
For personal use only Questions liontown-resources-limited @LiontownRes Liontown Resources @LiontownRes
Slide 33: For personal use only
For personal use only Level 2, 32 Ord Street, West Perth WA 6005 +61 8 6186 4600 info@ltresources.com.au liontown-resources-limited @LiontownRes @LiontownRes Liontown Resources @LiontownRes
Liontown Resources — Shareholder Meeting (November 2023) on 6ix