European Lithium Ltd. · ASX:EUR

European Lithium — Investor Presentation (February 2021)

22 slides from European Lithium's investor presentation, Feb 1, 2021

  1. Slide 1: Wolfsberg Lithium Project Corporate Presentation

    For personal use only Wolfsberg Lithium Project Corporate Presentation February 2021

  2. Slide 2: Disclaimer

    DISCLAIMER For personal use only This presentation and any additional documents handed out at any meeting or provided directly to potential investors (together the “Presentation Materials”) have not been approved by (i) NEX Exchange Limited or by any authority which could be a competent authority fo

  3. Slide 3: Key Investment Highlights

    KEY INVESTMENT HIGHLIGHTS For personal use only Advanced project Aiming to be the first local lithium supplier into an Mine Life > 10 years* integrated European battery supply chain Lithium hydroxide production @ 16,000 US$/t x PFS completed – DFS underway 10,000 t/a Lithium hydroxide x 10 years* Ec

  4. Slide 4: Pre-Feasibility Study Completed

    PRE-FEASIBILITY STUDY COMPLETED* For personal use only Highlights Accelerated case with NPV US$339.4 million, based on JORC compliant resource at 10.98 million t. Lithium hydroxide production 10,129 t/a in accelerated case. Planned increase of Measured and Indicated resources for the DFS, so that pr

  5. Slide 5: Lithium Production – economic importance for the EU

    LITHIUM PRODUCTION – economic importance for the EU For personal use only CLIMATE AIM AND MOBILITY STRATEGIC FRAMEWORK • International climate agreements and • Geopolitical view changing public perception for sustainability in ecology and economy as the aim for political ADVANTAGES IN AUSTRIA AND EU

  6. Slide 6: At the Centre of Growing Battery Cluster in Europe

    AT THE CENTRE OF GROWING BATTERY CLUSTER IN EUROPE For personal use only AUSTRIA GERMANY HUNGARY Plant Type: Batteries Plant Type: Batteries Plant Type: Battery packs Status: Construction 2023 Status: Operational Status: Operational Planned Capacity : 16-30 GWh Production Start: 2018 – 3 GWh Product

  7. Slide 7: Lithium Supply

    LITHIUM SUPPLY For personal use only Benchmark Minerals Intelligence ● Investment cycles too short ● Majors pulled back on capital commitments awaiting improved market conditions ● Expansions stalled at critical stage to meet demand growth (2022 onward) ● Market set to move into a structural deficit

  8. Slide 8: Wolfsberg Lithium Project

    WOLFSBERG LITHIUM PROJECT For personal use only Bulk extraction from Wolfsberg Lithium Project (Sep/Oct 2013) 7

  9. Slide 9: European Lithium – Lithium in the Heart of Europe

    EUROPEAN LITHIUM – LITHIUM IN THE HEART OF EUROPE For personal use only Production anticipated to commence 2023, potential to be the first battery-grade lithium producer in Europe Existing exploration mine in centre of Europe, 270km SW of Vienna, close to Graz and Klagenfurt airport, railway and hig

  10. Slide 10: Geological Resources in 2020, JORC compliant

    GEOLOGICAL RESOURCES in 2020, JORC compliant For personal use only Million Tonnes Type (JORC*) Grade Li2O (%) (at present) Measured 2.86 1.28 Indicated 3.44 1.08 M&I Total 6.30 1.17 Inferred 4.68 0.78 Total 10.98 1.00 JORC* Code 2012 Resource at Zone 1 only ● High grade Resource at average 1.0% Li2O

  11. Slide 11: Geology

    GEOLOGY For personal use only Historical Recent Exploration ● Substantial exploration and development work by previous Zone 1 owners include approx. 17,000m of drilling / 1,400m of underground decline, drives and crosscuts • A deep hole drilling programme comprising four holes totaling 1,750m has ve

  12. Slide 12: Wolfsberg Lithium Project Environment Friendly Underground Mine

    WOLFSBERG LITHIUM PROJECT environment friendly Underground Mine For personal use only 11

  13. Slide 13: Wolfsberg Lithium Project Lithium Hydroxide Processing Facilities (Design)

    WOLFSBERG LITHIUM PROJECT Lithium hydroxide Processing Facilities (Design) For personal use only 12

  14. Slide 14: Development Strategy

    DEVELOPMENT STRATEGY For personal use only DFS at max. 800,000 t/a mined should improve NPV significantly Drilling to upgrade the “Inferred” resource in Zone 1 to Measured and Indicated resource and extend prosperity Zone 2 Completion and presentation of the DFS Start permitting process based on DFS

  15. Slide 15: DFS Update

    DFS UPDATE For personal use only ● European Lithium is participating in programmes launched by European and National bodies (EIT, Greenpeg, LithRef, etc.) • Part of a syndicate of acclaimed industry players • Aim: represent the entire value chain of a sustainable raw material and battery production

  16. Slide 16: Lithium Carbonate & Hydroxide Test Production

    LITHIUM CARBONATE & HYDROXIDE TEST For personal use only PRODUCTION ● 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 test

  17. Slide 17: Strategic Partners

    STRATEGIC PARTNERS For personal use only ● Geology Adviser - Dr Richard Göd (ex Chief Geologist Minerex) (Austria) ● Exploration Management – Technisches Büro für Geologie (Austria) ● Drilling contractor (underground) – Swietelsky (Austria) ● Drilling contractor (surface) – VA Erzberg (Austria) ● Co

  18. Slide 18: Strategic Tenement – North West WA Gold

    STRATEGIC TENEMENT For personal use only North West WA - Gold 400000.000E 450000.000E 500000.000E 550000.000E 600000.000E 650000.000E ● E47/4144 approx. 130km2 on grant to be 7750000.000N 7750000.000N 100% owned by EUR; European ● Several recent discoveries of Lithium C arlow C astle conglomerate go

  19. Slide 19: Appendix

    For personal use only APPENDIX 18

  20. Slide 20: Key Data

    KEY DATA For personal use only Capital Structure* Team Market Capitalisation Shares on issue: Board Management A$63M 921,118,939 Tony Sage Dietrich Wanke Options outstanding1: 40,249,228 Non-Executive CEO Other Listings: Chairman Convertible Notes: 300 Melissa Chapman Frankfurt (PF8), Kimon Gkomozia

  21. Slide 21: Board of Directors & Management

    BOARD OF DIRECTORS & MANAGEMENT For personal use only Dietrich Kimon Tony Sage Malcolm Day Wanke Gkomozias Non-Executive Non-Executive Executive Chairman Director CEO Director ● Experienced Executive Mine ● Finance professional with ● Executive Chairman of ASX listed ● Experienced Surveyor and Civil

  22. Slide 22: European Lithium Limited

    For personal use only EUROPEAN LITHIUM LIMITED www.europeanlithium.com 21

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