European Lithium Ltd. · ASX:EUR
European Lithium — RIU Resources Round-Up Conference 2024
26 slides from European Lithium's conference presentation, May 8, 2024
Slide 1: ASX Announcement: CRML Presentation
ASX ANNOUNCEMENT 8 May 2024 CRML Presentation European Lithium Limited (ASX: EUR, FRA:PF8, OTC: EULIF) (European Lithium or the Company) would like to share the presentation of Critical Metals Corp (NASDAQ: CRML) (Critical Metals) that will be used at the RIU Resources Round-Up Conference in Sydney.
Slide 2: Corporate Presentation May 2024
Corporate Presentation May 2024 criticalmetalscorp.com 1
Slide 3: Critical Metals Corp. & European Lithium
Critical Metals Corp. & European Lithium Focused on different stages of development. Exploration Stage Development Stage Mining Stage High Risk = High Potential Lowered Risk Full Value ASX:EUR Nasdaq:CRML Owns ~83% of CRML through Initial foundational asset is the Wolfsberg Lithium Mine in Austria.
Slide 4: Critical Metals Corp.
Critical Metals Corp. A unique mining company committed to become a leading western supplier of critical metals. • Strategic • Disciplined • Western Focused Li REEs Ni Co Cu Critical Minerals Electrification & Western World Energy Transition Defense & Security criticalmetalscorp.com 3
Slide 5: Offtake and processing partnerships take full advantage of Wolfsberg location
Critical Metals Corp. Offtake and processing partnerships take full advantage of Wolfsberg superior location. EUR Leading Lithium Underground Mine License Downstream Strategic Offtake with Development Secured(1) Processing Partnerships Pre-payment(3) in Place Opportunity(2) EUR Joint Venture with Ob
Slide 6: In the heart of Europe's Growing Battery Ecosystem
In the heart of Europe’s Growing Battery Ecosystem Planned European factories at varying commissioning stages, totalling more than 550GWh annual production capacity of Lithium-Ion Batteries by 2030. Source: CIC Energigune Version 7 (02/2022) European Gigafactories Upcoming Gigafactories (locations T
Slide 7: Battery Metals Demand is Expanding
Battery Metals Demand is Expanding Boom in Energy Consumption Driving Demand • AI/data center, EV, climate change, and reshoring are expected to drive a boom in power consumption. • Increased power consumption is expected to result in a significant increase in demand for critical metals. Metals dema
Slide 8: Lithium Market Recovery is Underway
Lithium Market Recovery is Underway Lithium hydroxide prices in March 2024 reached five-month highs in China.(1) March 2024 China Lithium Hydroxide 56.5%: +17% 14,500 Lithium Market Correction & Consequences 14,000 13,500 • The 2023 price correction forced lithium miners to cut production and headco
Slide 9: China Dominates the Critical Metals Market
China Dominates the Critical Metals Market The west is focused on establishing local supply chains for critical metals. China vs United States Lithium Comparison (1) Global Supply of Rare Earth Elements (REEs)(2) Rare Earth Oxide Metric tons lithium carbonate equivalent China US REE Metals REE Proce
Slide 10: European Critical Raw Materials Act
European Critical Raw Materials Act Critical raw materials have high economic importance with a high risk of disruption due to the concentration of supply and lack of good, affordable substitutes. EU 2030 Targets(1) Strategic Raw Materials List(1) • Some sectors are especially strategic for the EU’s
Slide 11: Wolfsberg: Flagship Asset
Wolfsberg: Flagship Asset Strategic building block to a multi-asset critical minerals portfolio. Europe’s first(1) fully licensed Lithium Fully licensed(2) mine built by the Austrian government (spodumene) mine S-K 1300 Update Completed in 2023 - 12.88m tonnes at 1% Li2O Updated S-K 1300 Resource re
Slide 12: Asset Overview
Asset Overview criticalmetalscorp.com
Slide 13: Wolfsberg Lithium Project
Wolfsberg Lithium Project Roads Railway Airport Wolfsberg Lithium Project • Advanced hard rock lithium project • Located 270km SW Vienna, Austria (Carinthia) • Center of growing EU lithium battery & EV industry • EU support from European Battery Alliance and other government initiatives Advanced Lit
Slide 14: Wolfsberg Lithium Project
Wolfsberg Lithium Project Li The first lithium concentrate producer in Europe with spodumene production anticipated to commence in 2026/2027 Existing exploration mine in central Europe, 270km SW of Vienna, close to Graz and Klagenfurt airport, railway and highway access. Excellent local infrastructu
Slide 15: Positioned to be Europe's first producer of Lithium Concentrate
Positioned to be Europe’s first producer of Lithium Concentrate Achievements at Wolfsberg Lithium Project Major Milestones ✓ Potential to double Zone 1 resource with promising Zone 2 ❑ Finalize Joint Venture exploration advancing Agreement & Business Plan for Obeikan JV ✓ Total Measured, Indicated a
Slide 16: Development Strategy
Development Strategy Additional S-K 1300 Feasibility Study; Build decision & project Signed a Binding long financing; prepare mining Term Lithium Offtake plan for local authorities Agreement with BMW for construction of the Commence mine and Group(2) mine and concentrator concentrator construction 2
Slide 17: Updated Resource Statement
Updated Resource Statement Million Tonnes Type (S-K 1300) Grade Li2O (%) (at present) Measured 4.31 1.13 Indicated 5.43 0.95 M&I Total 9.74 1.03 Inferred 3.14 0.90 Total 12.88 1.00 S-K 1300 Wolfsberg Mineral Resource (1) High grade resource at average 1.0% Li 2O Positive drill results confirm Zone 2
Slide 18: Resource to Double Resource
Resource to Double Resource RECENT EXPLORATION WORK Zone 1 • Four drill holes, 1,750m in total, confirmed vein extension and increased resources. • Zone 1 drill program completed, resource upgraded to "Measured". • A new inferred resource estimate has been established with significant potential for
Slide 19: Historical & Future Exploration Programs
Historical & Future Exploration Programs HISTORICAL Substantial exploration and development work by previous owners include approx. 17,000m of drilling / 1,400m of underground decline, drives and crosscuts. Zone 1 Zone 2 Drilled down dip to max depth of Exploration target, demonstrated to 450m and 1
Slide 20: Offtake with BMW, Including Strategic Investment
Offtake with BMW, Including Strategic Investment Exclusive offtake on battery grade lithium hydroxide including US$15M pre-payment Secured Offtake Industry Validation • Long Term Lithium Offtake Agreement signed in December 2022 Non-Dilutive Capital • BMW will make an upfront payment of US$15M, to b
Slide 21: Joint Venture Hydroxide Plant
Joint Venture Hydroxide Plant European Lithium (ASX:EUR) and the Obeikan Investment Group to develop and operate a lithium hydroxide processing plant in Saudi Arabia through a 50:50 Joint Venture (JV) • EUR and Obeikan Group to proceed with incorporation of JV company (JVco) and entry into sharehold
Slide 22: Demonstrated production of battery grade lithium products
Demonstrated production of battery grade lithium products • Commissioned Dorfner Anzaplan with the construction of a pilot plant • Production of spodumene concentrate from lithium-bearing ore from test mining • Processing of spodumene concentrate to lithium carbonate and hydroxide for testing by pot
Slide 23: Critical Metals Board and Management
Critical Metals Board and Management Tony Sage Dietrich Wanke Melissa Chapman Chief Executive Officer & Chairman President of European Operations Chief Financial Officer • 35 years of experience developing businesses, • Experienced executive mine manager with 30 • CPA with 20 years’ experience in th
Slide 24: For more information contact
For more information contact: ir@criticalmetalscorp.com criticalmetalscorp.com
Slide 25: Appendix: Disclaimers
Appendix Disclaimers criticalmetalscorp.com
Slide 26: Disclaimers
Disclaimers Forward Looking Statements Certain statements included in these Presentation Materials are not historical facts but are forward-looking statements, including for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looki
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