Slide 1: Australia's Newest Lithium Miner: 4Q FY23 quarterly update
AUSTRALIA’S NEWEST For personal use only LITHIUM MINER 4Q FY23 quarterly update Gareth Manderson (CEO) 24 July 2023 corelithium.com.au | ASX CXO
Slide 2: Important & Cautionary Notes
IMPORTANT & CAUTIONARY NOTES This presentation has been prepared by Core Lithium Ltd (“Core”, “Company”) and presentation or any other information made available by the Company or any actual future results or performance may be materially different. Forward-looking provides a general overview of the
Slide 3: Core – Our Value Proposition
CORE – OUR VALUE PROPOSITION 1 Achieved first production in under five years from maiden resource discovery by pursuing a ‘Minimum Viable Project’ strategy 2 Leveraged to strong near-term pricing – Australia’s newest producing lithium mine which is located 88km from Darwin Port For personal use only
Slide 4: Q4 FY23 Highlights
Q4 FY23 HIGHLIGHTS O P E R AT I O N S • Quarterly spodumene production of 14,685t (FY23: 18,274t) • C1 unit cost of A$902/t (FY23: $1,230/t) • Maiden 5,500t spodumene concentrate shipment in April and second SALES & 13,100t shipment in early July1 MARKETING • 5,423dmt spodumene concentrate sales @ a
Slide 5: Finniss Operational Update
FINNISS OPERATIONAL UPDATE Ramp up continuing to progress with maiden spodumene concentrate shipment departing Darwin port during the quarter Management commentary Quarterly Operating Performance • Core achieved total spodumene production of 14,685 tonnes at a 5.35% Li2O Q3 FY23 Q4 FY23 grade with p
Slide 6: Finniss Operational Update (Cont.)
FINNISS OPERATIONAL UPDATE (CONT.) The Finniss plant has operated for 14 weeks (on a campaign basis) Management commentary Spodumene concentrate production (kt) vs recovery (%, RHS) • The plant had its second quarter in operation following construction 8,000 50% completion and first concentrate prod
Slide 7: Finniss Performance Improvement Initiatives
FINNISS PERFORMANCE IMPROVEMENT INITIATIVES Several short to medium term improvement projects are underway to optimise operations and enhance recoveries Improvement projects and fines sales Improvement projects • The Finniss plant has run for 14 weeks on a campaign basis, but has provided the first
Slide 8: FY2024 Guidance
FY2024 GUIDANCE 80,000 – 90,000 tonnes Core provides its first guidance as an operator Spodumene concentrate production • FY24 production guidance is between 80,000t and 90,000t of spodumene concentrate at a C1 cost of between $1,165 to $1,250 per tonne1 90,000 – 100,000 tonnes Concentrate sales – K
Slide 9: BP33 Update
BP33 UPDATE Significant work underway as BP33 approaches FID in Q1 2024 • BP33 is cornerstone asset which underpins the broader business • Mineral Resource more than doubled to 10.1Mt @ 1.48% Li2O in March 20231 • Revised Feasibility Study based on 2023 resource model commenced in April 2023 with a
Slide 10: Core's FY24 Exploration Program
CORE’S FY24 EXPLORATION PROGRAM Track record of resource growth at low cost with existing deposits open at depth Overview of exploration program Finniss Resource growth Cumulative Resources (Mt) • FY24 exploration and study spend is expected to be approximately $35-40 Mt / $M Cumulative Exploration
Slide 11: North Finniss: Our Exploration Focus
NORTH FINNISS: OUR EXPLORATION FOCUS Close proximity deposits provide a long-term future for Finniss • Numerous underexplored pegmatites • During the quarter there was 9,581m of mine development and exploration For personal use only drilling undertaken at BP33, Carlton and Lees • 1,529m testing new
Slide 12: Regional Exploration Targets
REGIONAL EXPLORATION TARGETS Large tenement holdings prospective for lithium at Anningie, Barrow Creek and Shoobridge • Fieldwork to commence in 2024 • Ground holdings with swarms of Pegmatite dykes and sills For personal use only • Historical pegmatite related tin-tantalum mines and workings • Enco
Slide 13: Concluding Remarks – Our Priorities for FY24
CONCLUDING REMARKS – OUR PRIORITIES FOR FY24 • Deliver Core’s Critical Risk Management program and focus on safe operations OPERATIONAL • Achieve FY24 spodumene production guidance of 80,000 to 90,000 tonnes DELIVERY • Execute Finniss performance improvement initiatives, including improving lithia r
Slide 14: Appendix: Core overview
For personal use only APPENDIX Core overview corelithium.com.au | ASX CXO
Slide 15: Corporate Snapshot
CORPORATE SNAPSHOT CAPITAL STRUCTURE Greg English Non-Executive Chair BEng (Hons), LLB A$0.87/Share A$152.7M Share price – 21 July 2023 Cash and cash equivalent 30 June 2023 For personal use only Andrea Hall 1,859M Shares1 Nil Non-Executive Director B Comm (UWA), Shares on Issue Debt – 30 June 2023
Slide 16: Executive Team to Drive Next Growth Phase
EXECUTIVE TEAM TO DRIVE NEXT GROWTH PHASE Alongside the completion of executive appointments, Core has finalised the registration of the new Perth office Chief Executive Officer Gareth Manderson Strategy leadership and value creation 30 years experience building high-performing teams and leading min
Slide 17: Core Milestones
CORE MILESTONES TRACK RECORD OF ACHIEVING MILESTONES PURSUING SUSTAINED GROWTH ✓ Jan: First revenue $20.1m FY24 focus areas: ✓ Mar: BP33 Resource doubles Deliver FY24 production and cost guidance Mar: Additional 18.5kt conc. For personal use only Deliver Finniss productivity initiatives Feb: $40M ra
Slide 18: The Finniss Lithium Project
THE FINNISS LITHIUM PROJECT Waste Rock Dump (WRD) Tailings Storage Facility within WRD Run of Mine (ROM) Pad Mine Water Dam 1 Dense Media Separation (DMS) Plant For personal use only Raw Water Dam Grants Open Pit Inundation Bund Crushing Infrastructure Admin Building Sediment Basin 2 corelithium.com
Slide 19: Core Lithium Ltd contact details
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 Account Manager +61 421 505 557 Cannings Purple Authorised for release by the Board of Core Lithium Ltd corelithium.com.