Lomiko Metals — Investor Presentation (September 2023)
37 slides from Lomiko Metals's investor presentation, September 2023
Slide 1: Developing a strategic stockpile of critical mineral graphite and lithium properties
Developing a strategic stockpile of critical mineral graphite and lithium properties in Quebec for a North American climate success story September 2023
Slide 2: Disclaimer
DISCLAIMER This presentation is not a prospectus, offering memorandum or an advertisement and is being provided for information purposes only and does not constitute or form part of, and should not be construed as, an offer or invitation to sell or any solicitation of any offer to purchase or subscr
Slide 3: Land Acknowledgement
Land Acknowledgement We would like to begin by acknowledging that the land/projects where we operate are located within the traditional land of the Algonquin Anishnaabeg and Cree Eeyou Istchee Peoples. Our vision is to embrace Indigenous people and Indigenous values within our projects to develop a
Slide 4: Lomiko – a responsible operator of choice
Lomiko – a responsible operator of choice Developing solutions for energy transition Strategic Stockpile of Graphite Opportunities ✓ 3mt of in situ indicated graphite ✓ XXX ✓ Advancing graphite knowledge base across 156 sq km in southern Quebec Early-stage lithium ✓ 102 sq km claims with lithium Lom
Slide 5: The Lomiko Advantage
The Lomiko Advantage Potential for Wealth Creation Diverse & Experienced Team Path to $1 billion + market cap Values driven, energetic and through production profile and M&A experienced management team Premium Product Strong Partnership Focus • Over 70% fines in flake In Canada, Quebec and the USA d
Slide 6: Lomiko partners
Lomiko partners € CRITM veeteur de transformation métallique SOMUEM ._.. Canada National Research Council Canada Conseil national de recherches Canada corem Innovation en traitement de minerais Innovation in mineral processing ECOLOGO UNIVERSITE LAVAL T CERTIFIED FOR REDUCED ENVI EN CIFIC EVALUATED.
Slide 7: Market for Graphite
#, LOMIKO Market for Graphite
Slide 8: Natural flake graphite is the most important component in all EV batteries
Natural flake graphite is the most important component in all EV batteries on the market today • 95% of the anode is made of graphite and it is the heaviest mineral in the EV battery making it costly and unsustainable to import into North America • Lomiko is developing the strategic stockpile of cho
Slide 9: Lomiko can provide 10% of North American graphite
Lomiko can provide 10% of North American graphite A massive increase in battery plant capacity - most to start production from 2025-2030 • A wave of new planned electric vehicle battery plants will increase North America’s battery manufacturing capacity from 55 GWh/year in 2021 to nearly 1,000 GWh/y
Slide 10: EV Market update
EV Market update • Last year, sales of EVs exceeded 10 million units. China remained the main market in 2022, accounting for around 60% of global electric car sales, followed by Europe and the US. • The International Energy Agency (IEA) is expecting new purchases to accelerate in the second half of
Slide 11: Graphite shortfall starting in 2023
Graphite shortfall starting in 2023 Shortfall to increase to 8Mt by 2040 Projected Anode Demand (Mt) Graphite Market Balance - Projected Demand and Supply (Mt) 12,000,000 9,000,000 8,000,000 DEMAND IS EXPECTED TO 10,000,000 EXCEED SUPPLY BY 2023 – 7,000,000 AND CONTINUE BEYOND 6,000,000 8,000,000 La
Slide 12: La Loutre Graphite Project
La Loutre Graphite Project 12
Slide 13: www.lomiko.com TSXV: LMR OTC: LMRMF FRANKFURT: DH8C
www.lomiko.com TSXV: LMR OTC: LMRMF FRANKFURT: DH8C 13
Slide 14: La Loutre PEA details
La Loutre PEA details • Two known deposits currently being explored: EV Carmin Zone and Battery Zone Zone • LOM plant production of 21.8 Mtonnes of mill feed at 6.78% Cg diluted EV Zone • Graphite concentrate production at 1.43 Mtonnes Battery grading 95.0% Cg Zone • 14.7-year mine life producing 10
Slide 15: La Loutre graphite project close to infrastructure with great geological setting
La Loutre graphite project close to infrastructure with great geological setting • 50% complete Preliminary Feasibility Studies (“PFS”) La Loutre Graphite Project • Location: Quebec, Papineau - 192 km Highway to Port of Montreal – access to power, infrastructure & talent • One large, continuous bloc
Slide 16: Achieving 184% Increase in Tonnage Indicated Mineral Resources
Achieving 184% Increase in Tonnage Indicated Mineral Resources La Loutre Resource Estimate (Effective Date: March 31, 2023) - PFS Source: InnovExplo March 2023 2023 MRE 2021 MRE Deposit EV Battery TOTAL EV Battery TOTAL Cut-off (%) Cg 1.5 1.5 1.5 1.5 1.5 1.5 Indicated Tonnage (kt) 24,267 40,429 64,6
Slide 17: La Loutre Graphite Over 70% fines
La Loutre Graphite Over 70% fines • Developed and optimized PFS level flotation plant flowsheet -LCT testing achieved 94.7% recovery and 98.6% Cg grade • La Loutre flake distribution is over 70% fines - suitable for anode market • -100 mesh is used in industrial applications but most commonly in bat
Slide 18: La Loutre metallurgical program 99.99% purified graphite content
La Loutre metallurgical program 99.99% purified graphite content ✓ Completed PFS level met testing and optimized flow sheet Completed value-added testing with ProGraphite – micronization, spheroidization, and purification: ✓ Proved that La Loutre material is suitable for battery applications - Spher
Slide 19: La Loutre metallurgical program – next steps
La Loutre metallurgical program – next steps R&D with partners CRITM, COREM and NRC • Testing underway on the flotation concentrate for battery-grade suitability, coating to produce cSPG (coated spherical graphite) for battery trials • Process 1,000 kg rock sample to produce flotation concentrate •
Slide 20: Lomiko Exploration Potential
Lomiko Exploration Potential 20
Slide 21: Graphite: Carmin Acquisition
Graphite: Carmin Acquisition Carmin - historic PFS contiguous to La Loutre Carmin The original historical estimate contemplated certain assumptions Zone A where the mineral resources are stated as Proven and Probable resources for Sites A and B. • Site A: total 1.55 Mt at 10.0% Cg Proven: 1.47 Mt at
Slide 22: Regional exploration: Most prospective graphite belt in North America
Regional exploration Most prospective graphite belt in North America • Completed 1,518-line kilometers of heliborne geophysical surveys completed over the six Grenville graphite properties, with 55 targets identified • 268 claims in total on 6 early-stage projects covering 15,639 hectares in the Lau
Slide 23: Lithium exploration on massive claim package on Nemaska lithium corridor
Lithium exploration on massive claim package on Nemaska lithium corridor Bourier Property 23
Slide 24: Lithium exploration on massive claim package on Nemaska lithium corridor
Lithium exploration on massive claim package on Nemaska lithium corridor Bourier • Option to earn in 70% with Critical Elements, first trigger: 49% • 203 claims for a total ground position of 10,252.20 hectares (102 km2) that boasts other lithium deposits and known lithium mineralization • Bourier c
Slide 25: Bourier lithium project identifies exploration targets with Li anomalies
Bourier lithium project identifies exploration targets with Li anomalies 2021 Exploration Results Bourier Exploration Program 2023-2024 ▪ Focus on 2.5km long Li-Ce-Ta (lithium- Cesium-Tantalum) discovery ▪ Geochemical studies underway and soil sampling over entire concession ▪ Evaluation of targets
Slide 26: Lomiko Advantage
=, LOMIKO Lomiko Advantage
Slide 27: NPV scenario analysis: Positively leveraged to expected graphite price increases
NPV scenario analysis: Positively leveraged to expected graphite price increases • PEA used a graphite concentrate selling price of US $916/t • The current forecast selling price for +94%Cg is US $1,070/t of graphite concentrate (source: Benchmark / Lone Star) • Current public information by graphit
Slide 28: High quality project with low capital requirements
Lomiko advantage: High quality project with low capital requirements combined with high-grade graphite concentrate Project Location Africa/Europe North America Source: Company filings 28
Slide 29: La Loutre graphite development milestones
La Loutre graphite development milestones * Permitting and capital dependent Production Construction Feasibility Permitting Study Pilot Plant PFS 2024 2024 2025 2025 2024 2025 2026 2026 2027 2027 2028
Slide 30: Capital Structure
Capital Structure As at Aug 30, 2023 Shares Issued & Outstanding 382.6M Market Cap $9.6M Options 24.3M Cash* $2.1M Warrants 126.2M Debt $- Share Units (PSU/RSU/DSU) 13.1M Total Enterprise Value $7.5M Fully Diluted 546.2M * Cash balance from interim financials – April 30, 2023 Management & Insider Ow
Slide 31: Comparable company analysis demonstrates value creation potential
Comparable company analysis demonstrates value creation potential August 30, 2023 Market Cap Measured Indicated Inferred EV/Resource Price/Book Symbol Price Company Name Shares O/S Cash TEV ($M) (Mt) (Mt) (Mt) (M&I) (mrq) TSXV:NOU 4.080 Nouveau Monde Graphite Inc 60.7 59.9 243.7 247.7 28.5 101.8 23.
Slide 32: Diverse leadership & Experienced team, board and advisors
Diverse leadership & Experienced team, board and advisors MANAGEMENT TEAM BOARD OF DIRECTORS STRATEGIC ADVISORS Belinda Labatte, CEO, CFA, MBA, ICD.D A. Paul Gill, Executive Chair Normand Champigny, CEO 20 years experience in capital markets. Fluent in Current positions: Executive Chair at Lomiko Me
Slide 33: For more information
For more information info@lomiko.com Follow us @lomikometals on socials l l l f l
Slide 34: La Loutre: PEA Layout – great base to build on
La Loutre: PEA Layout – great base to build on Mine layout and costs – PEA • Waste rock and tailings co-disposed • Efficient site water management with WASTE ROCK & no wet tailings EV ZONE CODISPOSAL PILE • Pits sequenced to maximize the returns starting from North – EV Pits to South – Battery Pits
Slide 35: North American Estimated Battery Production by State
North American Estimated Battery Production by State Source:DoE 35
Slide 36: Lomiko can provide 10% of North American graphite
Lomiko can provide 10% of North American graphite A massive increase in battery plant capacity - most to start production from 2025-2030 • A wave of new planned electric vehicle battery plants will increase North America’s battery manufacturing capacity from 55 GWh/year in 2021 to nearly 1,000 GWh/y
Slide 37: A responsible operator with track record of execution
A responsible operator with track record of execution Studies completed ✓ Completed 13,000m+ of drilling at La Loutre with exceptional results ✓ Completed NI-43-101 mineral Resource for La Loutre ✓ Completed 12 months of environmental baseline studies ✓ Completed pre-feasibility metallurgical test p
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