Slide 1: Investor Presentation RIU, Sydney May 2024
Investor Presentation RIU, SYDNEY May 2024 ASX:GLN | FSX:9CH galanlithium.com.au 1
Slide 2: Disclaimers & Important Information
Disclaimers & Important Information This presentation has been prepared by Galan Lithium Limited. Competent Persons The information contained herein that relates to exploration results and geology is based on information compiled or reviewed by Dr Luke Milan, who has consulted to the Company. Dr Mil
Slide 3: HMW Exploration 1st Drill Hole (September 2019)
HMW Exploration 1 st Drill Hole (September 2019)
Slide 4: HMW Phase 1 Construction Progress (30 April 2024)
HMW Phase 1 Construction Progress (30 April 2024)
Slide 5: The Highest Grade, Lowest Impurity Lithium Project in Argentina
The Highest Grade, Lowest Impurity Lithium Project in Argentina World-class location & large resource 8.6Mt LCE @ 859 mg/l Li Compelling Phase 2 economics, (HMW + Candelas) with a pathway to expansion HMW Phase 1 construction progressing well, offtake and Exploration upside remains open funding opti
Slide 6: World-Class Location / Low Cost Production
World-Class Location / Low Cost Production HMW Brine production – lower operating cost than the majority of spodumene producers 20+ year history of production within salar Significant regional infrastructure and investment with excellent government and community support Highest grade, lowest impurit
Slide 7: Agreement with Catamarca Government
Agreement with Catamarca Government Galan signs pivotal commercial agreement to commercialise lithium chloride concentrate 1 Galan has signed a commercial agreement with the Catamarca Government in support of the grant of permits to enable lithium chloride concentrate to be sold locally or exported
Slide 8: 4th increase in HMW Resource since March 2020
4th increase in HMW Resource since March 2020 Consistent high grade, low impurity profile HMW Mineral Resource increased ~20% to 7.9Mt contained LCE @ 883 mg/l Li - 60% in Measured category 1 • No cut-off grade applied to Resource • Inclusion of Catalina tenements has added ~1.3Mt LCE to the HMW res
Slide 9: Phase 1 HMW Construction Update
Phase 1 HMW Construction Update Full Phase 1 HMW construction permits granted, construction is underway 1 Phase 1 construction works are well underway, evaporation has commenced, on track for delivering lithium chloride production of 5.4ktpa LCE in H1, 2025 Engineering and long lead items procuremen
Slide 10: Glencore Agreement for Offtake & Financing
Glencore Agreement for Offtake & Financing Binding offtake agreement underpins 100% of sales for the first 5 years of production Binding offtake with Glencore for lithium chloride and/or Offtake terms lithium carbonate production from HMW Phase 1 Term Description Glencore is one of the world’s large
Slide 11: Corporate Snapshot
Corporate Snapshot Tightly-held share register Market Capitalisation Share Price (03 May 2024) Major Shareholders A$118m A$0.285 A$/share Shares on Issue 413.0m 2.40 2.20 Quoted Options 44.6m 2.00 1.80 1.60 Cash/Investments 1.40 1.20 A$12m 1.00 0.80 0.60 Directors & Top 20 Unquoted Securities 0.40 M
Slide 12: Compelling Economics
Compelling Economics Phase 2 DFS Announced 3 October 2023 Flagship 100% Owned HMW Project 1st quartile on the industry cost curve Cost Analysis - Lithium Carbonate Equivalent Cost Curve Year 2025 16,000 LiCl concentrate production of 21 ktpa LCE Operating s 14,000 #REF! #REF! All-In Sustaining Cost
Slide 13: Environment, Social & Governance (ESG)
Environment, Social & Governance (ESG) Galan is one of the few Li companies expected to be first quartile in both Industry GHG Emissions intensity and All in Sustaining Costs (AISC) GHG Emissions Intensity (kg CO2e/t LCE) – 2030 * Lithium produced from Brine on average generates only ~30% of the CO2
Slide 14: Low Risk – Staged, Flexible Production Plan
Low Risk – Staged, Flexible Production Plan Fast track route to Li production Targeting first-phase HMW Li concentrate production in H1 2025 Phase 1 – >5.4ktpa LCE Phase 2 – 21ktpa LCE Phase 3 – 40ktpa LCE Phase 4 – 60ktpa LCE Construction well underway DFS delivered 3 October Evaluating stage (perm
Slide 15: Highly Experienced Team
Highly Experienced Team With a proven track record Richard Homsany JP Vargas de la Vega Daniel Jimenez Terry Gardiner Claudia Pohl Non-Executive Chairman Founder & Managing Director Non-Executive Director Non-Executive Director Non-Executive Director • Experienced corporate lawyer • Chilean/Australi
Slide 16: Highly Experienced Team
Highly Experienced Team A strong and talented group of professionals with world class knowledge and extensive local experience Juan Carlos Barerra Boris Caro Alvaro Henriquez Francisco Lopez Pablo Sanz Project & Board Consultant Project Advisor/Director Group Geology Manager Exploration Manager Busi
Slide 17: The Premier Lithium Developer
The Premier Lithium Developer Strong local community and Solid local team, including ex SQM The best Lithium project in Argentina government support, evidenced executives and team members (high grade, low impurities) with low by the grant of full Phase 1 that bring experience in Lithium operating co
Slide 18: Further project pipeline – Hard Rock Exploration Upside
Further project pipeline – Hard Rock Exploration Upside New drilling campaign planned < 5km from Greenbushes Mine in H1 2024 Greenbushes South Lithium Project - 100% ownership • Tenements intersect the Donnybrook-Bridgetown Shear Zone • 1st drilling completed; assay results & interpretation released
Slide 19: Contact
Contact ACN 149 349 646 ASX : GLN | FSX : 9CH Juan Pablo (“JP”) Vargas de la Vega Managing Director Email: jp@galanlithium.com.au Tel: +61 8 9214 2150 Terry Gardiner Non-Executive Director Email: TGardiner@galanlithium.com.au Tel: + 61 400 900 377 Jane Morgan Investor and Media Relations Email: jm@j
Slide 20: Appendix: Mineral Resource & Ore Reserve Estimate
A Appendix Mineral Resource & Ore Reserve Estimate
Slide 21: Mineral Resource Estimate
Mineral Resource Estimate Mineral Resource Statement for Candelas1 Mineral Resource Statement for Hombre Muerto West2 In situ Li Avg. Li LCE Avg. K In situ K KCl In situ Li Avg. Li LCE Avg. K In situ K KCl Category (kt) (mg/l) (kt) (mg/l) (kt) Equiv. Category (kt) (mg/l) (kt) (mg/l) (kt) Equiv. (kt)
Slide 22: Ore Reserve Statement
Ore Reserve Statement Ore Reserve Statement for Hombre Muerto West (effective date September 2023) Production Period Pumped Brine Vol. Ore Reserve Category Well Field Li Metal (kt) Avg. Li grade (mg/L) LCE (kt) (Years) (Mm3) West 1-7 34.9 30.8 884.0 101.2 Proven Santa Barbara - - - - - 1-7 1.8 1.5 8