Slide 1: Paradox Lithium Project, USA – Investor Presentation June 2023
For personal use only PARADOX LITHIUM PROJECT, USA Investor Presentation – June 2023 Anson Resources | ASX: ASN
Slide 2: Disclaimer & Important Notice
DISCLAIMER & IMPORTANT NOTICE The information contained in this confidential document ("Presentation") has been prepared by Anson Resources Limited (the "Company"). It has not been fully For personal use only verified and is subject to material updating, revision and further amendment. The Informati
Slide 3: Inflation Reduction Act Overview
ANSON: MM US government policy is to onshore the lithium INFLATION REDUCTION ACT 2\jsupply chain to North America. - OVERVIEW iS O Subsidies are available to Anson to help us build The IRA provides buyers of eligible electric vehicles the future clean US industry for the electrification with tax cre
Slide 4: Project Workstreams Update
PROJECT WORKSTREAMS UPDATE Gas —. continuing. Sample Demonstration Plant setup and producing samples Negotiation with Qualification Binding OEMs Commenced Period Agreement APPROVALS) ~ 50% of required approvals submitted or approved Engagement with Authorities Submission of Grantin of Required Appro
Slide 5: Paradox Lithium Project, Utah USA
PARADOX LITHIUM PROJECT a USA UTAH Utah | nson Resources Ltd, via subsidiary A1 Lithium Inc, eveloping the Paradox Lithium Project in Utah, USA renters Salt Lake City SALT LAKE \ Heber ova we Vernal Prov a SISK __ Duchesne DESERT / poe i Green lithium cokm SEVIER seni ) an DESERT Det / wean \ ~~ Fil
Slide 6: For personal use only
For personal use only Anson Resources | ASX: ASN 6
Slide 7: Sunresin: Commercially Proven
SUNRESIN: COMMERCIALLY PROVEN First DLE First commercial Commences Pilot plant DLE plant “@ cooperation “with Sunresin Commercially proven technology ~ Commercial production since 2018 ~ 7 Projects 32k tpa lithium, 40k tpa under construction Engineering Design and Procurement (EPC) ~ Only resin manu
Slide 8: Experienced Board & Executive Team
EXPERIENCED BOARD & EXECUTIVE TEAM BOARD \ >sruce Richardson, Peter (Greg) Knox, Michael van Uffelen, hed bg r) _ ay ca 5 ie) © Proven track record of 15 years in exploration, mining and production sin public and private companies. Over 30 years of international business raisins Raised over $220 mil
Slide 9: Corporate Snapshot
CORPORATE SNAPSHOT SHARE PERFORMANCE (12mo) For personal use only 100 0.45 90 0.4 80 A$ Share Price 0.35 Volume (Millions) 70 0.3 60 0.25 50 0.2 40 30 0.15 20 0.1 10 0.05 0 0 10/21 11/21 12/21 01/22 02/22 03/22 04/22 05/22 06/22 07/22 08/22 09/22 10/22 11/22 12/22 01/23 02/23 Volume ASN Share Price
Slide 10: Paradox Geology & Mineralisation
PARADOX GEOLOGY & MINERALISATION The Paradox Basin is located within a mature Oil & Gas district providing Anson access to existing well infrastructure and valuable historic data. The Paradox Basin consists of various formations which host large volumes of brines rich in For personal use only Lithiu
Slide 11: Paradox Lithium and Bromine Resource
PARADOX LITHIUM AND BROMINE RESOURCE Brine Grade (ppm) Contained (‘000 t) Formation Clastic Zone Category (Mt) For personal use only Li Br Li2CO3 Br2 Indicated 47 173 3,054 44 144 Paradox Formation – CZ31 31 Inferred 77 182 2,543 74 195 CZ31 Resource 124 178 2,723 118 339 Paradox Formation Other 17,
Slide 12: Resource Expansion – Western Strategy
RESOURCE EXPANSION – WESTERN STRATEGY For personal use only The successful execution of the Western Strategy will support future increases in Lithium Carbonate production. 550% increase in JORC lithium resource (over PEA) to >1Mt LCE delivered from Eastern Strategy. Mineral Western Resource Expansio
Slide 13: Paradox Lithium Project: Phase 1 DFS Highlights
PARADOX LITHIUM PROJECT: PHASE 1 DFS HIGHLIGHTS For personal use only Production Life Total Revenue 13,074 tpa (Y1-10) 23 years US$ 5,080 m Additional Upside Value • Revenue from valuable by-products (Boron) has not been included in the economic analysis IRR CAPEX Annual EBITDA2 • DFS excludes subse
Slide 14: Operating at Low-End of Cost Curve
OPERATING AT LOW-END OF COST CURVE For personal use only Global Lithium Carbonate Equivalent C1 Cost Curve (2025)1,2 Paradox Lithium Project DFS2 Years 1-10 1 – Source: Benchmark Minerals Intelligence (Q2 2022) Lithium Quarterly report. 2 – Paradox Lithium Project DFS production cost position on the
Slide 15: Operating Cost Estimate
OPERATING COST ESTIMATE For personal use only Lithium Carbonate Year 1-10 Production Production (13ktpa) Item US$ per tonne LCE • Operating cost estimates include brine extraction, Raw materials 1,188 processing and production of battery grade lithium Freight on raw materials 95 carbonate. Electrici
Slide 16: Capital Cost Estimate
CAPITAL COST ESTIMATE For personal use only Capital Item US$m • The capital cost estimate includes direct, indirect costs, freight, professional services, taxes and Direct Capital Costs 275.2 contingency. Indirect Capital Costs 126.0 • The DLE plant will be supplied and commissioned by Sunresin, Ans
Slide 17: Mine Plan & Project Infrastructure
MINE PLAN & PROJECT INFRASTRUCTURE For personal use only Permitted production wells planned at Long Canyon to extract brine1 Early site works for two production pads completed2 Eluate Concentration Lithium Brine transport pipeline to use existing corridors / Precipitation Membrane – Impurity Removal
Slide 18: Anson's Funding Strategy
ANSON’S FUNDING STRATEGY For personal use only • Appointed BurnVoir Corporate Finance as financial adviser • Strong initial interest from leading international banks, export credit agencies Debt and credit funds • Engagement commenced with US Department of Energy Loan Programs Office Phase 1 DFS Pro
Slide 19: For personal use only
For personal use only 19 Anson Resources | ASX: ASN
Slide 20: Green River – Key Attractions
GREEN RIVER – KEY ATTRACTIONS For personal use only The Green River Project includes historic oil & gas wells, drilled into the thick Mississippian units. • Infrastructure already in place – existing rail & road access and utilities abutting project area. • Surveys commenced in preparation for Notic
Slide 21: Anson's Paradox Project: Resource Increase Potential
ANSON’S PARADOX PROJECT: _>Western strategy and Green River drilling Cprogram targets have the potential to increase OJORC resource four fold ploration target* 1M 1MT Western Strategy Western Strategy Exploration Exploration Target* Target* For personal use IMT 1 1MT Paradox JORC Resource Paradox JO
Slide 22: Thank You
For personal use only THANK YOU +61 7 3132 7990 info@ansonresources.com www.ansonresources.com Suite 3, Level 3 10 Eagle Street, Brisbane, QLD 4000 Anson Resources | ASX: ASN
Slide 23: Competent Person's Statement
COMPETENT PERSON’S STATEMENT For personal use only Competent Person’s Statement 1: The information in this presentation that relates to exploration results, exploration targets and geology is based on information compiled and/or reviewed by Mr Greg Knox, a member in good standing of the Australasian