Slide 1: Caucharí-Olaroz Site Visit
CAUCHARI-OLAROZ SITE VISIT NOVEMBER 6-9 2017 Caucharí-Olaroz NO VEMBERLithium 2017 Project | Jujuy, Argentina
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT Technical Information producers and potential producers; costs of development and production; anticipated results of Scientific and technical information in this presentation about the Caucharí-Olaroz Project has exploration and development activities; a cordial business relatio
Slide 3: Overview
OVERVIEW 1. Introduction 1. Project Overview 2. Financial Review | T SX : LAC NO VEMBER 2017 | 3
Slide 4: Introduction
INTRODUCTION NO VEMBER 2017 | 4
Slide 5: Management Introduction
MANAGEMENT INTRODUCTION | T SX : LAC NO VEMBER 2017 | 5
Slide 6: Caucharí-Olaroz Lithium Project
CAUCHARÍ-OLAROZ LITHIUM PROJECT Caucharí-Olaroz is located on an international highway with access to power, water, and a large local labour force Located in Jujuy, Argentina • Large property package ~ 70,000 ha. • Close proximity to current producers (ORE, FMC, SQM, ALB). Near excellent infrastruct
Slide 7: Caucharí-Olaroz Lithium Project (cont.)
CAUCHARÍ-OLAROZ LITHIUM PROJECT (CONT.) Working closely with local communities • Economic benefits agreements with 6 local communities. • Emphasis on local employment. • Minera Exar Jujuy and field office staff ramping up (over 125 currently). • Construction staff est. over 1,000 workers. • Operatio
Slide 8: Minera Exar History
MINERA EXAR HISTORY LAC enters a strategic 50/50 JV with SQM March 2016 | T SX : LAC NO VEMBER 2017 | 8
Slide 9: Caucharí-Olaroz JV with SQM
CAUCHARÍ-OLAROZ JV WITH SQM In March 2016, Lithium Americas entered a strategic 50/50 JV with SQM to develop and operate the Caucharí-Olaroz project Leverages SQM’s technical expertise. SQM is the largest producer of lithium brines with over 20 years experience operating and expanding its world-clas
Slide 10: Project Overview
PROJECT OVERVIEW NO VEMBER 2017 | 10
Slide 11: Caucharí-Olaroz Development Schedule
CAUCHARÍ-OLAROZ DEVELOPMENT SCHEDULE MARCH 2016 H1 2017 2018 50/50 JV with Started Stage 1 Plant, gas pipeline, and SQM development electricity transmission line Completed Stage 1 DFS construction 2016 2017 2018 2019 H2 2016 H2 2017 (currently) H2 2019 50,000 tpa development Execution of detailed en
Slide 12: Caucharí-Olaroz Lithium Project Development
CAUCHARÍ-OLAROZ LITHIUM PROJECT DEVELOPMENT Caucharí-Olaroz is located on an international highway with access to power, water, and a large local labour force • Similar technology as used in the Salar de Atacama operation, minimum mine life 40 years • Project capacity 50,000 MT of LCE in two stages
Slide 13: SQM's Involvement
SQM’S INVOLVEMENT • Key advantage - the “detail engineering” reflects the improvements SQM made during the construction of ponds and plants for the last 20 years and the expertise of the project team • Plant design - similar configuration of Salar del Carmen plant (mixture between lithium carbonate
Slide 14: Cauchari vs. Atacama
CAUCHARI VS. ATACAMA SQM has experience in similar Operations and is providing its expertise to have this project be a success- 60 SQM experienced professionals are contributing to the success of this initiative Atacama Cauchari • 4 Well Deposits • 2 Well Deposits • 379 Wells • 30 Wells • 7 PDA • 2
Slide 15: Cauchari Project Layout
CAUCHARI PROJECT LAYOUT | T SX : LAC NO VEMBER 2017 | 15
Slide 16: Cauchari Project Layout (cont.)
CAUCHARI PROJECT LAYOUT (CONT.) | T SX : LAC NO VEMBER 2017 | 16
Slide 17: Caucharí-Olaroz Conventional Process
CAUCHARÍ-OLAROZ CONVENTIONAL PROCESS Design by experience • SQM engineering staff developing design and execution planning. • Process is based on SQM’s +20 years experience operating in the Atacama. • Infrastructure and plant designed to be scaleable to a production capacity of 50,000 tpa of battery
Slide 18: Cauchari Ponds Process: Design and Configuration
CAUCHARI PONDS PROCESS: DESIGN AND CONFIGURATION | T SX : LAC NO VEMBER 2017 | 18
Slide 19: Cauchari Plant Process: Design and Configuration
CAUCHARI PLANT PROCESS: DESIGN AND CONFIGURATION | T SX : LAC NO VEMBER 2017 | 19
Slide 20: Caucharí-Olaroz Exploration
CAUCHARÍ-OLAROZ EXPLORATION Caucharí Salar Hydrostratigraphic Model Drilling program underway (deeper and stepping out): • Olaroz Salar (north) - 10 new holes (7 wells) • Caucharí (deep) - 4 new holes (2 wells) | T SX : LAC NO VEMBER 2017 | 20
Slide 21: Lithium Resource and Reserve Summary
LITHIUM RESOURCE AND RESERVE SUMMARY Average Li Concentration Brine Volume (m3) (mg/L) Lithium Metal (t) LCE (t) Caucharí-Olaroz (100% basis) Mineral Reserves – March 2017 Proven Reserves (Years 1-5)1,2,3,4 4.93 x 107 712 35,159 187,149 Probable Reserves (Years 6-40) 1,2,3,4 3.54 x 108 695 246,474 1
Slide 22: Financial Review
FINANCIAL REVIEW NO VEMBER 2017 | 22
Slide 23: Caucharí-Olaroz Stage 1 Feasibility Study
CAUCHARÍ-OLAROZ STAGE 1 FEASIBILITY STUDY Stage 1 DFS Results (100% basis) March 2017 Average annual production 25,000 tpa battery-grade Li2CO3 Project life 40 years * Proven & probable reserves 1.5 million tonnes LCE at 698 mg/L Li Construction capital costs US$425 million (before VAT) Operating co
Slide 24: Caucharí-Olaroz Stage 1 Opex & Capex
CAUCHARÍ-OLAROZ STAGE 1 OPEX & CAPEX Initial Capital Costs Operating Costs US$425 million capital costs before US$2,495/t of battery grade lithium VAT and working capital. carbonate produced All figures on a 100% project equity basis unless otherwise noted. Totals may not add due to rounding. | T SX
Slide 25: Cauchari Development Spend to Date
CAUCHARI DEVELOPMENT SPEND TO DATE | T SX : LAC NO VEMBER 2017 | 25
Slide 26: Cauchari Development Budget
CAUCHARI DEVELOPMENT BUDGET | T SX : LAC NO VEMBER 2017 | 26
Slide 27: The Future Is Clear
THE FUTURE IS CLEAR CONTACT INFORMATION info@lithiumamericas.com 1100 – 355 Burrard Street Vancouver, BC V6C 2G8 Canada NO VEMBER 2017 | Hong Kong