Core Lithium Ltd · ASX:CXO
Core Lithium — Mines and Money (June 2020)
22 slides from Core Lithium's conference presentation, Jun 23, 2020
Slide 1: Front of the Line New Lithium Production
For personal use only Front of the Line New Lithium Production 23 June 2020
Slide 2: Important and cautionary notes
Important and cautionary notes For personal use only This document has been prepared by Core Lithium Ltd (“Core”, “Company”) and provided as a basic overview of the Cautionary Statement: tenements held or controlled by the Company. This presentation does not purport to be all-inclusive or to contain
Slide 3: Important and cautionary notes
Important and cautionary notes For personal use only Competent Person Statements: exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; The Mineral Resources and Ore Reserves underpinning the Production Target have been prepared b
Slide 4: Australia's next lithium producer
Australia’s next lithium producer For personal use only Core at the front of the line of new global lithium production Recent Achievements : ✓ Regulatory approvals received to commence construction of the Finniss Project ✓ First European Offtake with Transamine ✓ Over 50% increase to MRE to 15Mt @ 1
Slide 5: Finniss Lithium Project - Key advantages
Finniss Lithium Project - Key advantages For personal use only Core is developing one of Australia’s most capital-efficient and low-cost lithium projects • High-grade lithium Resources • 6.0 % Li2O conc. produced at high lithium recovery +70% • Simple DMS processing (no flotation) • Significantly de
Slide 6: Medium and long-term lithium demand increasing
Medium and long-term lithium demand increasing For personal use only Lithium converters and battery and car manufacturers positioning for significant EV sales growth Lithium Market Balance (tonnes LCE) Source: Benchmark Mineral Intelligence (Q4 2019) Medium- and long-term demand fundamentals 6 outwe
Slide 7: Core Lithium secures first European Offtake
Core Lithium secures first European Offtake For personal use only Core Lithium secures first European Offtake – May 2020 • Core has announced a non-binding Memorandum of Understanding (MOU) for Offtake with Geneva-based Transamine • Transamine and Core have agreed to the supply of 50,000tpa of spodu
Slide 8: Finniss Lithium Resource increased by over 50%
Finniss Lithium Resource increased by over 50% For personal use only 150% increase to the Measured and Indicated Resource • Adding significant potential to increase mine-life • 52% increase to new Finniss Lithium Mineral Resource Estimate (MRE) to 15Mt at 1.3% Li2O • 150% increase to the Measured an
Slide 9: New Reserve Update coming soon
New Reserve Update coming soon For personal use only Open pit mine at Grants followed by underground mining at BP33 and Carlton • New underground Pre-Feasibility Study aimed to confirm the efficiency of underground mining at BP33 and Carlton • Aim to substantially increase Reserves referencing recen
Slide 10: Core Lithium and the Finniss Lithium Project
Core Lithium and the Finniss Lithium Project For personal use only ASX listed developer with advanced lithium assets 25km from Darwin Port in Northern Australia • World demand for lithium batteries and EV’s continues to grow YoY • 250-300% lithium demand increase 2020 to 2025 • The Finniss Lithium P
Slide 11: NT Government approvals received for Finniss Lithium Project
NT Government approvals received for Finniss Lithium Project For personal use only Approval milestones 2018 Mineral Lease granted for Finniss Lithium project & key infrastructure 2019 Supplementary Environmental Impact Study (EIS) submitted 2019 - 2020 Submission & Approval of EIS & Mine Management
Slide 12: Feasibility update objectives
Feasibility update objectives For personal use only Feasibility update objectives Key Feasibility Metric Apr-19 DFS DFS Update Objectives Ore Reserves 2.2Mt Significant Increase Project Mine Life 3.5 years 7 to 10 year target Mining Method Open Pit Open Pit & Underground Concentrate Product Quality
Slide 13: Corporate information
Corporate information For personal use only Share Price Performance Last Twelve Months Capital Structure (as at 18 June 2020) Share Price ~A$0.05 0.07 16 0.06 14 Shares on Issue 969.7M Share Price ($) 0.05 12 Volume (m) 10 0.04 Market Capitalisation ~A$45M 8 0.03 6 Options and Rights Unlisted 72.8M
Slide 14: Prime location and valuable infrastructure available
Prime location and valuable infrastructure For personal use only available N Aerial view of Darwin, the Port of Darwin and the Grants Lithium development Excellent location & infrastructure advantages 14
Slide 15: Darwin Port Heads of Agreement
Darwin Port For personal use only Heads of Agreement Core has agreement with Darwin Port to ship 250,000tpa of spodumene concentrate Darwin Port is Australia’s nearest port to China East Arm Wharf facilities at Darwin Port are well suited to handle potential future production from Core’s lithium pro
Slide 16: Dense Media Separation (DMS) - no flotation circuit required
Dense Media Separation (DMS) - no flotation circuit required For personal use only DMS avoids problems of other new lithium Australian flotation projects burdened by high capex, large debt and high finance cost and high operating cost (refer appendix) ✓ Simple DMS (Gravity) separation produces high
Slide 17: Mineral Resources & Ore Reserves expansion
Mineral Resources & Ore Reserves expansion Significant Upside For personal use only Current Project Pipeline Pipeline of high-grade lithium targets that formed the basis of recent resource drilling Current and Future Drilling Programs leading to Mineral Resource and Ore Reserve increases in 2020 and
Slide 18: Mineral Resources & Ore Reserves expansion: Mine Life
Mineral Resources & Ore Reserves expansion Mine Life For personal use only Mine studies and Mineral Resource / Ore Reserve upgrades underway toward increasing mine life • DFS clearly showed that additional mine life has a significant upside economics • Core has completed Mineral Resource and Ore Res
Slide 19: Positioned at front of the line to be Australia's next lithium producer
Positioned at front of the line to be For personal use only Australia’s next lithium producer ✓ Regulatory approvals in place to commence construction & operation of the Finniss Lithium Project ✓ First European Offtake announced to market ✓ Significant Mineral Resource and Ore Reserves increase ✓ Up
Slide 20: Thank you
For personal use only Thank you For more information: Core Lithium Level 1, 366 King William Street, Adelaide Stephen Biggins: +618 8317 1700 Authorised for release by the Board of Core Lithium Ltd. For broker and media enquiries: Cannings Purple Warrick Hazeldine: +61 417 944 616 Fraser Beattie: +6
Slide 21: Appendix
For personal use only Appendix
Slide 22: Spodumene Concentrate Processing
Spodumene Concentrate Processing For personal use only 1 2 3 4 Classification & Wet Separation Flotation Grinding Crush & Screen Gravity Separation Crushing DMS HM Separation • Primary • HPGR Li Flotation • Ball • Secondary • Tertiary Filtration LIMS WHIMS Others Core Screening Filtration DMS + DMS