Slide 1: Australia's newest lithium producer: Q2 FY24 quarterly update
corelithium.com.au Australia’s For personal use only newest lithium producer Q2 FY24 quarterly update Gareth Manderson (CEO) 24 January 2024
Slide 2: Important and cautionary notes
Q2 FY24 Quarterly Update corelithium.com.au 2 Important and cautionary notes This presentation has been prepared by Core Lithium Ltd (“Core”, “Company”) and provides a general overview of the Company and its strategy. For personal use only This presentation does not purport to be all-inclusive or to
Slide 3: Q2 FY24 Highlights
Q2 FY24 Quarterly Update corelithium.com.au 3 Q2 FY24 Highlights Operations Sales & Exploration & Corporate & Sustainability For personal use only Marketing Development Financial Initiation of Strategic Review of Operations Spodumene concentrate 20% Increase in Recovery of shipped BP33 Cash balance
Slide 4: Strategic Review of Operations – 54% drop in spodumene price during the quarter
Q2FY24 Quarterly Update corelithium.com.au 4 Strategic Review of Operations – 54% drop in spodumene price during the quarter Minimise costs, preserving cash reserves and safeguard Moving quickly to preserve Finniss’ value in a softening pricing For personal use only the long-term value of the busine
Slide 5: Strategic Review of Operations – concentrate production to continue until mid CY24
Q2FY24 Quarterly Update corelithium.com.au 5 Strategic Review of Operations – concentrate production to continue until mid CY24 Broadly on track with previous production expectations, Revised FY24 Guidance For personal use only reduced cost guidance for H2FY24 FY2024 Original FY2024 Revised Producti
Slide 6: Finniss operational update
Q2 FY24 Quarterly Update corelithium.com.au 6 Finniss operational update Significant improvements from pit to port For personal use only Operations Performance Improvement Quarterly Operating Performance • 39% Increased Concentrate production, 28,887t @ 4.7% Li2O (20,692t in Q1FY24) Q3 Q4 Q1 Q2 • 28
Slide 7: Recovery improvement trials continue to see uplift
Q2 FY24 Quarterly Update corelithium.com.au 7 Recovery improvement trials continue to see uplift Recoveries: 56% October, 60% November and 63% For personal use only December Spodumene concentrate production 12,000 65.0% 10,000 60.0% 8,000 55.0% 6,000 50.0% 4,000 45.0% 2,000 - 40.0% Jan-23 Feb-23 Mar
Slide 8: Our focus in current market conditions
Q2 FY24 Quarterly Update corelithium.com.au 8 Our focus in current market conditions 1 For personal use only • Have moved quickly to reduce expenditure in weak market • Operating, capital and corporate costs reduced • Preserve value in our assets and balance sheet • Will ready the business to respon
Slide 9: Core Lithium Ltd
Q2 FY24 Quarterly Update corelithium.com.au 9 For personal use only Core Lithium Ltd Level 9, 2 Mill Street Perth, WA, 6000 Investor Enquiries Natalie Worley Investor Relations +61 8 8317 1700 Media Enquiries Gerard McArtney Associate Director, Cannings Purple +61 487 934 880 Authorised for release