Galan Lithium Limited · ASX:GLN
Galan Lithium — Investor Presentation (March 2020)
22 slides from Galan Lithium's investor presentation, Mar 12, 2020
Slide 1: New High-Grade Lithium Brine Discovery in South America's Lithium Triangle
NEW HIGH-GRADE LITHIUM BRINE DISCOVERY IN SOUTH AMERICA’S LITHIUM TRIANGLE HMW MAIDEN RESOURCE ESTIMATE 12 March 2020 ASX:GLN
Slide 2: Disclaimer and Important Information
DISCLAIMER AND IMPORTANT INFORMATION
Slide 3: Galan Lithium Limited Investment Foundations
GALAN LITHIUM LIMITED INVESTMENT FOUNDATIONS. ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
Slide 4: A Significant Investment Opportunity – The Right Place
A SIGNIFICANT INVESTMENT OPPORTUNITY – THE RIGHT PLACE
Slide 5: Galan - Placed Among the Best Projects in Argentina
GALAN - PLACED AMONG THE BEST PROJECTS IN ARGENTINA High grade/Low impurity brines setting SC: Spodumene concentrate LC :lithium carbonate LH: Lithium hydroxide Source: iLi Markets Nb: No resources figures publicly available for Livent’s Fenix operation
Slide 6: Impurities – Argentina Project Comparisons
IMPURITIES – ARGENTINA PROJECT COMPARISONS Low impurity brines setting Source: iLi Markets
Slide 7: Corporate Structure
CORPORATE STRUCTURE Capital Structure Performance Shares GLN Shares Shares 161,647,674 Vendor Class B Shares Upon the commencement of commercial production from a 10,000,000 Unquoted Options 5,350,000 Options exercisable $0.60, 31 Aug. 2020 pilot plant 4,000,000 Options exercisable $0.3438, 11 June
Slide 8: Highly Experienced Board
HIGHLY EXPERIENCED BOARD A civil industrial An experienced engineer Mr Jimenez corporate lawyer who has worked for world has extensive board leader in the lithium and operational industry Sociedad experience in the Química y Minera de resources and energy Chile (NYSE:SQM, sectors. Richard is Santiag
Slide 9: Hombre Muerto: Tier Location Worldwide for Li Brines
HOMBRE MUERTO: TIER 1 LOCATION WORLDWIDE FOR Li Northern Sal de Vida Market Cap: ~US$16bn BRINES Fenix Operation Market Cap: ~US$1.1bn Sal de Vida Market Cap: ~A$415m Candelas project Market Cap: ~A$28m
Slide 10: Candelas Maiden Resource
CANDELAS MAIDEN RESOURCE CANDELAS NORTH ZONE 685kt LCE @ 672 mg/l Li Resource Li LCE K K KCI Category (mg/l) (t) (mg/l) (t) (t) CANDELAS NORTH Indicated 672 684,850 5,193 1,734,090 3,306,900 CANDELAS CENTRAL Inferred 130 270,600 2,024 846,170 1,613,640 nb; Candelas North Reported at 500mg/l Li cut-o
Slide 11: Hombre Muerto West (HMW) Maiden Resource
HOMBRE MUERTO WEST (HMW) MAIDEN RESOURCE HMW ZONE 1.08Mt LCE @ 946 mg/l Li Resource Li LCE K K KCI Category (mg/l) (t) (mg/l) (t) (t) HOMBRE MUERTO WEST (HWM) Inferred 946 1,085,775 8,765 1,880,742 3,586,574 nb; Reported at zero cut-off grade
Slide 12: HMW Resource Upside
HMW RESOURCE UPSIDE Potential Resource Upside Remains For Further Resource Increment Several areas covering margins of the Hombre Muerto salar, includes alluvial fan covered salar targets that have not been drilled Santa Barbara and Catalina have geophysics (CSAMT) survey confirms “very conductive a
Slide 13: HMW Portofino Transaction
HMW PORTOFINO TRANSACTION Option to purchase adjacent concession at HMW + The new area includes alluvial fan covered salar targets at Del Condor and Pucara de Salar concessions, Portofino Resources Inc transaction (ASX:GLN 26/2/20) Potential for further resource estimates from Portofino option conce
Slide 14: ASX Company Comparisons
ASX COMPANY COMPARISONS LITHIUM BRINES COMPARATIVE TABLE (ASX Co.s) Company Resource Average grade Project Status Preferred LCE (mg/l Li) Processing Route GLN 1.8Mt 837 JORC resource estimate Under study, PFS completed commenced Dec-19 AGY 245kt 325 PEA completed, targeting Conventional industrial p
Slide 15: Achievements and Indicative Next Steps
ACHIEVEMENTS AND INDICATIVE NEXT STEPS ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
Slide 16: Achievements and Indicative Next Steps
ACHIEVEMENTS AND INDICATIVE NEXT STEPS Tasks CY 2018 CY 2019 CY 2020 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 CANDELAS Geophysics & mapping Drilling Permits Drilling JORC Resource Scoping &Pre-Feasibility Study (Est. July 2021) Pilot Plant HMW Drilling Permits Drilling JORC Resource
Slide 17: Argentina – A Pro-Mining & Investment Destination
ARGENTINA – A PRO-MINING & INVESTMENT DESTINATION From left to right and attending the 2019 IMARC conference in Melbourne: Mr. Raul Jalil (newly elected Governor of Catamarca), Ms Lucia Corpacci (current Governor of Catamarca), GLN’s Managing Director Mr. JP Vargas de la Vega and the Mines Minister
Slide 18: Galan Lithium Limited Investment Foundations
GALAN LITHIUM LIMITED INVESTMENT FOUNDATIONS ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
Slide 19: Fast Tracking to Lithium Carbonate Production in South America's Lithium Triangle
FAST TRACKING TO LITHIUM CARBONATE PRODUCTION IN SOUTH AMERICA’S LITHIUM TRIANGLE Level 2, 38 Richardson Street, West Perth, WA 6005 PO Box 396, West Perth, WA, 6872 Ph. +61 8 9322 6283 Fax. +61 8 9322 6398 www.galanlithium.com.au ASX:GLN
Slide 20: Appendix 1 – Lithium Market Cost Curve – Lithium Supply Fundamentals
APENDIX 1 – LITHIUM MARKET COST CURVE – LITHIUM SUPPY FUNDAMENTALS Source: CRU
Slide 21: South American Brines – Simplified Model
SOUTH AMERICAN BRINES – SIMPLIFIED MODEL Strong Competitive Advantage to Produce Lithium Carbonate at ~USD6/kg LCE (Capex included) SC: Spodumene concentrate LC :lithium carbonate LH: Lithium hydroxide Source: iLi Markets
Slide 22: ...and Remains Competitive
…and, REMAINS COMPETITIVE Even when producing Lithium Hydroxide at ~USD8/kg LCE (Capex included) SC: Spodumene concentrate LC :lithium carbonate LH: Lithium hydroxide Source: iLi Markets