Core Lithium Ltd · ASX:CXO
Core Lithium — Lithium Mine to Market Conference (February 2019)
21 slides from Core Lithium's conference presentation, Feb 20, 2019
Slide 1: Lithium Mine to Market
For personal use only @CoreLithium Northern Territory’s Lithium and Battery Industry Lithium Mine to Market Core Lithium Perth Feb 2019 Ltd Stephen Biggins, Managing Director info@corelithium.com.au
Slide 2: Disclaimer
Disclaimer For personal use only The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by Stephen Biggins (BSc(Hons)Geol, MBA) as Managing Director of Core Lithium Ltd who is a member of the Australasian Institute of Mining and Meta
Slide 3: Important and Cautionary Notes
Important and Cautionary Notes Cautionary Statement: The PFS results are based upon the updated Grants Mineral Resource announced on 8 May 2018. The Mineral Resource contains Indicated and Inferred material (63% Indicated material and 37% For personal use only Inferred material) and does not contain
Slide 4: On a pathway to lithium production
For personal use only On a pathway to lithium production High grade lithium Best logistics chain 01 Mineral Resources 04 Excellent infrastructure and Located 30km from capital city of located close to Asian customers Darwin Low risk Offtake and funding 02 Conventional open pit mining with 05 Offtake
Slide 5: Finniss Lithium Project
For personal use only Finniss Lithium Project The Finniss Lithium Project has potentially the best logistics chain to Asia of any Australian lithium project. High grade Large tenement area One of the highest grade lithium Over 500km2 with over 100 projects in Australia historic pegmatite occurrences
Slide 6: Countdown To Production
For personal use only Countdown To Production Mining Lease Stage 1 Ramp-up Resource Upgrades Production Feasibility Study Stage 2 Potential Flotation Expansion Offtake and Customer Finance Environmental & Approvals Stage 3 Potential LiOH FID Feasibility & Production Mining, Construction & Commission
Slide 7: Corporate Information
Corporate Information Shares Management Preferred Contractors For personal use only Price A$ ~6¢ Blair Duncan ex BCI Primero General Manager Development FEED Studies & EPC Shares on issue ~694M Simon Iacopetta ex TZN, RMS Lucas TCS Chief Financial Officer Mining Market cap ~$40M Qube Recruiting Cash
Slide 8: Pre-Feasibility Study Outcomes
For personal use only Pre-Feasibility Study Outcomes The Pre-Feasibility Study only modelled the development of the Grants deposit. Strong cashflow Rapid payback $168 million generated over Project payback in ~12 months initial 26 month project life NPV Excellent NPV Low capital cost $140 million pr
Slide 9: Finniss Lithium Project Resources
Finniss Lithium Project Resources For personal use only Pre-Feasibility Study Tonnes • Grants deposit only Deposit (Mt) Li2O % Li2O (t) LiCO3 (t) • Mine-life of 2.5 years Measured 1.09 1.48 16,100 39,815 Grants Indicated 0.82 1.54 12,600 31,160 Definitive Feasibility Study Inferred 0.98 1.43 14,000
Slide 10: Definitive Feasibility Study - Objectives
For personal use only Definitive Feasibility Study - Objectives • Confirm Finniss Lithium Project as robust, high-margin low-capex lithium project • De-risk and provide certainty for investors and project implementation • Confirm low processing, mine, haulage and port costs • EPC Design, Mining, Hau
Slide 11: Offtake and Prepayment with some of China's Largest Lithium Converters
For personal use only Offtake and Prepayment with some of China’s Largest Lithium Converters Core has signed a binding offtake and US$20 million pre- payment agreement with Yahua: • Offtake agreement • US$20 million conditional prepayment facility, to be repaid through the supply of future concentra
Slide 12: High Quality Spodumene Concentrate
For personal use only High Quality Spodumene Concentrate Recent DMS metallurgical testwork from Grants produces: • 6.0% Li2O concentrate at +65% net recoveries • 5.5% Li2O concentrate at +70% net recoveries • Low Fe <0.5% • Low Mica <1% • Low K 2O <1% • Coarse product <1% <0.5mm, max 10mm 12 1. ASX:
Slide 13: Huge Exploration Upside
For personal use only Huge Exploration Upside Targeting substantial Mineral Resource growth Upcoming exploration and aggressive drill programs in 2019 to target growth in the resource base to support a long-life lithium production hub at Finniss Discoveries - Core’s exploration has discovered some o
Slide 14: 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 15: NT Lithium Valley Infrastructure Supports Lithium Downstream Processing
For personal use only NT Lithium Valley Infrastructure Supports Lithium Downstream Processing ✓ Lithium Mining and Processing ✓ Middle Arm Industrial Precinct ✓ Power ✓ Gas ✓ Water ✓ Land ✓ Darwin Port – Australia’s closest port to Asia ✓ Suburban workforce in capital city ✓ Supportive NT and Fed Go
Slide 16: Northern Territory Government Critical Minerals Plan
For personal use only Northern Territory Government Critical Minerals Plan The Territory Government recognises the strategic importance of lithium and other critical minerals to the global economy and their use in important high tech commodities and batteries The Territory hosts key critical mineral
Slide 17: Northern Territory Government Critical Minerals Plan
For personal use only Northern Territory Government Critical Minerals Plan The Northern Territory Government has a number of support mechanisms to grow private sector investment in critical minerals and lithium projects and create jobs including: $26 million Resourcing the Territory Initiative - Pro
Slide 18: Middle Arm Industrial Precinct
For personal use only Middle Arm Industrial Precinct • Located on the Middle Arm Peninsula in Darwin Harbour • Middle Arm lndustrial Precinct accommodates a range of industries including: o Industrial – oil and gas, chemical o Utilities – power generation o Logistics – rail • Middle Arm ideally posi
Slide 19: Lithium Battery Manufacturing in the NT
For personal use only Lithium Battery Manufacturing in the NT Energy Renaissance Energy Renaissance (ER) with support of the Northern Territory Government has partnered with a world leading lithium ion battery innovator with aim to manufacture high-performance lithium ion batteries in Darwin ER is p
Slide 20: Core targeting spodumene production in 2019
For personal use only Core targeting spodumene production in 2019 Q1 2019 Q2 2019 • Resource upgrades • Full Regulatory Approval • DFS • FID Q3 2019 Q4 2019 • Commence Mining • DMS Plant • DMS Plant commissioning construction • First Concentrate Produced 20
Slide 21: Thank you
For personal use only Thank you For more information: Stephen Biggins Managing Director +61 8 8317 1700 For broker and media enquiries: Warrick Hazeldine +61 417 944 616 Andrew Rowell +61 400 466 226 Cannings Purple
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