Slide 1: Investor Update
INVESTOR UPDATE Investor Presentation August 2022 ASX:RDT
Slide 2: Disclaimer and Competent Persons Statement
Disclaimer and Competent Persons Statement Disclaimer Competent Persons Statements This presentation by its nature contains summarised information. See Exploration information in this Announcement is based upon work Red Dirt Metals’ other periodic and continuous disclosure undertaken by Mr. Matthew
Slide 3: Corporate Snapshot
Board of Directors Registered Office Corporate Snapshot Alex Hewlett Chairman Suite 4, 6 Centro Avenue Matthew Boyes Subiaco 6009 WA Managing Director Issued Capital $110M Gower He P +61 8 6109 0104 Executive Director 304.5M Market Cap E info@reddirtmetals.com.au At $0.38 (26th July 2022) James Cros
Slide 4: RDT Fast-track growth towards production
RDT Fast-track growth towards production Q3-2021 Q1-Q3 2022 Q3-Q4 2022 Q4 2022-2023 2023-2024 ACQUISITION DRILLING RESOURCE DEFINITION FEASIBILITY FID MT IDA METALLURGY CONSTRUCTION DE-RISK VALUE ADD CASHFLOW ASX:RDT | 4
Slide 5: Lithium Market
Lithium Market Global Trend in Gigafactories Source: Based on McKinsey Presentation Jun 2022 ASX:RDT | 5
Slide 6: Lithium Market
Lithium Market • Li technology for EVs have accelerated development only in the past 10 years • Chemistry type has been steadily increasing in the past few years to hold higher charges and lower costs • Across Li-ion battery types currently in use, Lithium content is consistently around 11% Source:
Slide 7: The Journey So Far …
The Journey So Far … 1 ✓ Maiden drilling program ✓ Maiden RC results from ✓ Capital raise $22M, ✓ Scoping commenced Sister Sam Pegmatite Cornerstone funds metallurgical study results 0.9 ✓ Spodumene dominant pegmatite XRD confirmed ✓ 74% Li2O recovery to SC6.2 0.8 ✓ Discovery of high grade Li from h
Slide 8: Lithium-Spodumene Pricing
Lithium-Spodumene Pricing • Record Spodumene prices as off-takers looking to secure converter feed stock • Forecast for prices to continue to be strong for foreseeable future as EV take up increases exponentially • Strong initial interest from offtake parties, discussions initiated ASX:RDT | 8
Slide 9: Project Locations-Infrastructure
Project Locations-Infrastructure • Project located 230km North of Kalgoorlie • Access to road and rail through the Lithium corridor at Menzies and Leonora • Project located on granted Mining Leases, Heritage and Environmental studies underway • Joint ownership of Airstrip at Bottle Creek <5km from M
Slide 10: Mt Ida-New Lithium Province
Mt Ida-New Lithium Province • RC drilling underway at Mt Ida • Drilling in July 2022 with 5 rigs now onsite, >40km of drilling completed to date • A further 50km of drilling planned up to December 2022 • Resource drill-out nearing completion, JORC compliant estimation targeted Q4 • Metallurgical sam
Slide 11: Central Mt Ida Pegmatites
Central Mt Ida Pegmatites • 2 main areas concentrated on to date, Sister Sam and Timoni pegmatites • Spectacular first diamond drill results returned; • IDRCD171 intersected 34.17m @ 1.32% Li2O from 332m including 12.43m @ 2.13% Li2O from 334.5m • IDRCD104, intersected 19.86m @ 1.77% Li2O from 285.4
Slide 12: Sister Sam Pegmatite
Sister Sam Pegmatite • +20m true widths extending to depth • High tonnages drilled per vertical metre • Pegmatites drilled to date with high visual spodumene content • Understanding of controlling structures paramount in future exploration ASX:RDT | 12
Slide 13: Current Known Drilled Pegmatites
Current Known Drilled Pegmatites • 3 main pegmatites to form part of maiden resource calculation • Sister Sam, Timoni and Sparrow pegmatites all remain open and continue to be delineated • To date only 4 km of prospective 25km of granite contact sparsely explored • Sparrow North discovery demonstrat
Slide 14: Regional Targets
Regional Targets • Proximity to the margin of the “Copperfield granite” forms a prospective horizon • Both western and eastern margin are considered prospective for LCT pegmatites • Geochemical sampling now completed, processing has identified in excess of 45 targets • A regional Aircore programme c
Slide 15: Initial Metallurgical Testwork
Initial Metallurgical Testwork • 74% Li2O recovered to an SC6.2% concentrate in first pass sighter testwork, very low Fe2O3 (0.02%) content • PRIMERO engineering contracted to oversee scope of works and testwork campaign over the next 6-8 months • Recent drilling continues to intersect coarse Spodum
Slide 16: Gold at Mt Ida
Gold at Mt Ida • 306,100 ounces @ 17.2 g/t Au historically mined at Mt Ida • Super high-grade gold-copper potential, IDRC214 and IDRD030 reported exceptional grade • Multiple stacked gold lodes present within the mafic units striking sub-parallel to granite contact • Very limited exploration complet
Slide 17: For more information contact:
For more information contact: Matthew Boyes | Managing Director T: +61(08) 6109 0104 E: frontdesk@reddirtmetals.com.au ASX:RDT reddirtmetals.com.au ASX:RDT |