Jindalee Lithium Limited · ASX:JLL
Jindalee Lithium — Investor Presentation (September 2024)
25 slides from Jindalee Lithium's investor presentation, Sep 24, 2024
Slide 1: Realising America's Largest Lithium Resource
For personal use only SEPTEMBER 2024 REALISING AMERICA’S LARGEST LITHIUM RESOURCE Ian Rodger Chief Executive Officer SHAREWISE ASX:JLL WEBINAR OTCQX:JNDAF Jindaleelithium.com
Slide 2: Disclaimer
Disclaimer This Presentation has been prepared by Jindalee Lithium Limited (“Jindalee”, “Company” or “JLL”) and is authorised for release by its Chief Executive Officer, Mr Ian Rodger. Certain information in this presentation has been derived from third parties and though Jindalee has no reason to b
Slide 3: Key Investment Highlights
Key Investment Highlights Pure play US lithium company focused on progressing the globally significant McDermitt Lithium Project Largest Lithium Resource in the USA (21.5Mt LCE1) For personal use only Li Emerging top tier, generational asset, mirroring the scale and style of Thacker Pass project, cu
Slide 4: Company Overview
Company Overview Corporate Snapshot1 Share Price (ASX:JLL, OTCQX:JNDAF) Share Capital (ASX:JLL, OTCQX:JNDAF) 71.4m A$/share For personal use only 1.40 Share Price A$0.24 1.20 Options (from 40c to $5.00) 20.0m 1.00 A$0.24 20/09/2024 Market Capitalisation A$17.1m 0.80 0.60 Cash 2 A$6.4m 0.40 Investmen
Slide 5: Board and Management team with proven success in creating value
Board and Management team with proven success in creating value for shareholders For personal use only d d Wayne Zekulich Lindsay Dudfield Ian Rodger Brett Marsh Darren Wates Paul Brown Non-Executive Chair Executive Director Chief Executive Officer VP Exploration & Development Non-Executive Director
Slide 6: Largest Lithium Resource in the USA
Largest Lithium Resource in the USA McDermitt compares favourably to Jindalee trades at an attractive valuation relative to peers Sediment Hosted Peers3 Enterprise Value (US$)1 / Contained LCE2 in Resources (t) 55.6 For personal use only Resource (Mt) 3,500 Bubble size is contained LCE2 Mt 3,000 21.
Slide 7: Funding to drive near term catalysts
Funding to drive near term catalysts Successfully raised $6.1M1,2,3 to complete McDermitt PFS and and advance key milestones for 2H 2024. Up to an additional $9M of funding is available from Mercer Street via mutual agreement 1 For personal use only Key milestones in 2H 2024: ▪ Production of battery
Slide 8: McDermitt strategically situated amidst the expansion of the US battery supply chain
McDermitt strategically situated amidst the expansion of the US battery supply chain Ownership 100% owned by Jindalee For personal use only Location • Located in Malheur County - on the Oregon-Nevada border, ~35km west of the town of McDermitt • Strategically located in same geological formation (Mc
Slide 9: McDermitt Resource contains enough Lithium for >900 million EVs
McDermitt Resource contains enough Lithium for >900 million EVs1 Potential to significantly contribute to the growth of the domestic US EV supply chain ✓ Large shallow flat lying sedimentary deposit, with potential to target For personal use only higher grade zones early in mine life to improve retu
Slide 10: Flowsheet design has leveraged experience of more advanced peers
Flowsheet design has leveraged experience of more advanced peers As received ore Similar flowsheet to Thacker Pass validated by LAC 1 via extensive pilot plant work and detailed due diligence by General Motors (largest shareholder) and US DoE (US$2.3B construction loan 2) For personal use only ✓ Flo
Slide 11: Lithium investment thesis remains robust
Lithium investment thesis remains robust Implied Lithium inventory in China’s supply chain2 (tonnes LCE) ▪ Short term softness driven by Chinese de-stocking and mismatch in short-term For personal use only demand/supply in rapidly growing market ▪ Recent lower prices have meant c.200kt LCE of higher
Slide 12: Building momentum securing US Government support for McDermitt
Building momentum securing US Government support for McDermitt Strategic Cooperative Research and Development Agreement (CRADA) secured with US DoE2, while progress continues on US DoD grant funding application, potentially providing near-term project funding 1,3 For personal use only CRADA Details2
Slide 13: Pivotal year ahead for Jindalee
Pivotal year ahead for Jindalee De-risking is ongoing, with several major value catalysts expected in 2H 2024 STRENGTHEN COMMUNITY PARTNERSHIPS PREPARATION For personal use only TEAM ENGAGEMENT FOR NEXT Q3 2024 ✓ New Chair1 and CEO2 Update on POSCO test PHASE Q3 2024 work under MoU Accelerate engage
Slide 14: Thank you
For personal use only Thank you Further information: IAN RODGER Chief Executive Officer email: enquiry@jindalee.net phone: +61 8 9321 7550 14
Slide 15: Supporting Slides
For personal use only Supporting Slides
Slide 16: US bi-partisan support to de-risk critical minerals supply chain
US bi-partisan support to de-risk critical minerals supply chain Establishing a secure supply of Lithium is a priority for US given current reliance on China, which produces c.55%1 of global lithium chemical supply and c.75%2 of lithium-ion batteries For personal use only World’s largest clay and ha
Slide 17: Wide range of incentives potentially available to McDermitt
Wide range of incentives potentially available to McDermitt For personal use only INFLATION REDUCTION ACT Provides substantial incentives to boost domestic critical minerals and battery production ▪ On 16 August 2022 the Inflation Reduction Act (confirming $369B in funding to reduce carbon emissions
Slide 18: Recent examples of grant and loan funding
Recent examples of grant and loan funding GRANTS (PRE-DEVELOPMENT PHASE) For personal use only ✓ February 2024 – Perpetua Resources awarded an additional US$34.6M1 grant (total US$59.4M) from DoD (under Defense Production Act Title III authorisations) for construction readiness and permitting for St
Slide 19: Jindalee Track Record of Value Creation
Jindalee Track Record of Value Creation Jindalee's mission is to create wealth for shareholders through the discovery of world-class mineral deposits For personal use only 2002 2004 2005 2007 Jindalee lists Jindalee acquires uranium Uranium projects spun-out as Jindalee sells gold projects into July
Slide 20: Appendix 1: Peer Comparison Data
Appendix 1: Peer Comparison Data Comparable North American Sediment Hosted Lithium Deposits Grade (ppm Contained LCE Deposit Owner Stage Resource Category Resource (Mt) Cut-off (ppm Li) Source Li) (Mt) Thacker Pass TSX:LAC FS Complete Measured 535 2,450 7.0 For personal use only Indicated 923 1,850
Slide 21: Appendix 1: Peer Comparison Data
Appendix 1: Peer Comparison Data Comparable North American Sediment Hosted Lithium Deposits Grade (ppm Contained LCE Deposit Owner Stage Resource Category Resource (Mt) Cut-off (ppm Li) Source Li) (Mt) For personal use only TLC TSXV:LI PEA Complete Measured 345 1,255 2.3 Indicated 136 1,148 0.9 Dece
Slide 22: Appendix 2: McDermitt Mineral Resource
Appendix 2: McDermitt Mineral Resource For personal use only McDermitt Mineral Resource (2023)1 Indicated Resource Inferred Resource Indicated and Inferred Resource Cut-off Grade (ppm Li) Tonnage Li Grade Li Grade LCE Li Grade LCE (Mt) Tonnage (Mt) Tonnage (Mt) LCE (Mt) (Mt) (ppm) (ppm) (Mt) (ppm) 1
Slide 23: Appendix 3: Peer Comparison Data
Appendix 3: Peer Comparison Data Other North American Comparables Contained LCE Deposit Owner Stage Resource Category Resource (Mt) Li Grade Cut-off (ppm Li) Source (Mt) Prairie (Brine) ASX:AZL PFS Complete Measured For personal use only Company Website – PFS December Indicated NR1 106 (mg/L) 4.5 20
Slide 24: Additional information
Additional information Competent Person Statement Cautionary Statement The information in this report that relates to Exploration Results, Mineral Resources or This announcement and information, opinions or conclusions expressed in the course of Ore Reserves is based on information compiled by Mr Li
Slide 25: Additional information: References
Additional information References • 23/09/2024, “US Government Funding Update” • 16/09/2024, “Jindalee Secures Strategic Agreement with US Department of Energy” For personal use only • 30/08/2024. "Application for quotation of securities – JLL" • 21/08/2024, “Results of General Meeting” • 09/08/2024
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