Avalon Advanced Materials Inc. · TSX:AVL

Avalon Advanced Materials — Shareholder Meeting (February 2021)

28 slides from Avalon Advanced Materials's shareholder meeting presentation, Feb 25, 2021

  1. Slide 1: 2021 Annual Meeting Update Presentation

    2021 Annual Meeting Update Presentation February 25, 2021 Don Bubar TSX: AVL President & CEO OTCQB: AVLNF

  2. Slide 2: Safe Harbour Statement

    2 Safe Harbour Statement Forward looking information This corporate presentation contains or incorporates by reference “forward looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation, which may not b

  3. Slide 3: Avalon Advanced Materials: Corporate Info

    3 Avalon Advanced Materials: Corporate Info › Toronto-based, operating in Canada since 1995 › Listed: TSX (AVL), OTCQB (AVLNF), Frankfurt (OU5) › Market Cap: CAD$100m (350m S/O, 381m fully-diluted) with over 20,000 shareholders worldwide › Working Capital: CAD $3.5 million Sustainability: committed

  4. Slide 4: Avalon receives Sustainalytics ESG Risk Rating, ranks among top 5% of industry

    4 Avalon receive Sustainalytics ESG Risk Rating and ranks among top 5% of 150 industry companies › Independent audit of Avalon’s business practices › Avalon’s overall management of material ESG issues is strong › No events or policies were identified that may negatively impact stakeholders, the envi

  5. Slide 5: 2020/2021 Progress & Highlights

    5 2020/2021 Progress & Highlights › Created plan to establish a new lithium battery materials refinery in Thunder Bay Soaring interest in in collaboration with Rock Tech Lithium establishing new critical minerals supply chains in › Re-activated Lilypad Cesium-Tantalum Canada for rare earths and Proj

  6. Slide 6: 2 Year Stock Price / 15 Year Stock Price

    6 Since 2010, Avalon has been 15 Year Stock Price known primarily as a Rare Earths equity in the US Rare Earths see price spike and major media publicity because of China imposing export quotas 2 Year Stock Price Price jumps twice in reaction to news on rare earths and China threatening to impose ne

  7. Slide 7: Experienced Management Team and Diversified Board of Directors

    7 Experienced Management Team and Diversified Board of Directors MANAGEMENT & SENIOR STAFF › Chris Pedersen, P.Geo. › Jim Andersen, CA, CPA Senior Project Geologist V.P. Finance, CFO & Corporate Secretary › Zeeshan Syed, M.Sc. › Donald S. Bubar, P.Geo. Manager, Government Affairs & New President & C

  8. Slide 8: Government Relations Work

    8 Government Relations Work › Growing awareness in government of the importance of establishing critical minerals supply chains in North America to reduce reliance on China as a sole source of supply › Providing expert advice to the Federal and Ontario Governments on developing strategies to create

  9. Slide 9: Critical Minerals for Clean Technology Project Pipeline

    9 Critical Minerals for Clean Technology Project Pipeline

  10. Slide 10: Closed Mine Sites offer new Critical Minerals Opportunities

    Sunflowers on the 10 Glencore Sudbury tailings Closed Mine Sites offer new Critical Minerals Opportunities › Many historical mining operations were developed to produce one bulk commodity such as copper, but the resource contained critical minerals that were discarded as waste (as there was no marke

  11. Slide 11: The Critical Minerals Opportunity for Canadian First Nations

    11 Rare earths and other critical minerals are essential for effective wind turbine motors and solar The Critical Minerals Opportunity for panel technology Canadian First Nations › Many opportunities exist to develop new resources for critical minerals in northern Canada › Many occur in northern reg

  12. Slide 12: Separation Rapids Lithium: Avalon's most advanced project

    12 Separation Rapids Lithium: Avalon’s most advanced project A large LCT pegmatite enriched in the rare lithium mineral petalite 10 million tonne resource amenable to open pit mining, discovered in 1996 › Pre-Feasibility Study completed in 1999 on model to produce petalite for glass-ceramics › New P

  13. Slide 13: Separation Rapids Mineral Tenure and Regional Targets

    13 Separation Glitter, Wolf and Rattler pegmatites Rapids New Snowbank Mineral Tenure pegmatite discovery and Regional targets Regional trend of lithium pegmatites, where exploration commenced in summer 2018 and several new targets developed. Map includes new claims acquired in 2017 to the north and

  14. Slide 14: Snowbank Petalite Pegmatite Discovery

    Snowbank Petalite Pegmatite – 14 August 2018 Snowbank Petalite Pegmatite Discovery › Large exposure of a new petalite pegmatite discovery averaging 6 metres wide and traceable for over 100 metres along strike open on both ends. › Assays of up to 2.51% Li2O over Coarse white crystals of 1.1m in chann

  15. Slide 15: Lithium Minerals at Separation Rapids

    Clear Crystalline Petalite above; 15 Purple Lepidolite below Lithium Minerals at Separation Rapids › There are two main lithium ore minerals in the Separation Rapids LCT pegmatite: petalite & lepidolite › Petalite is the predominant lithium mineral, with lepidolite occurring in distinct subzones com

  16. Slide 16: Battery materials supply chains in Ontario

    16 Battery materials supply chains in Ontario › Ontario government now committing to establishing more EV and battery manufacturing capacity • Opportunity to take advantage of the mineral resource wealth in northern Ontario to build out the entire supply chain November 2020: joint announcement betwe

  17. Slide 17: Lithium is not just a battery material: also critical for glass-ceramic products

    17 Lithium is not just a battery material: also critical for high strength glass-ceramic products › Lithium additions create thermal shock resistance in: Stovetops, Corningware® Cookware, Fireplace Shields › Now being used in many new high strength glass products, such as Corning’s Gorilla Glass (di

  18. Slide 18: Separation Rapids Next Steps: Moving toward Phase 1 Production Facility

    18 Separation Rapids Next Steps: Moving toward Phase 1 Production Facility › 2020 work: Continued process optimization work and secured permit to extract up to 5,000 tonne bulk sample for pilot plant processing in 2021 • Investigated sites for lithium battery materials refinery in northwestern Ontar

  19. Slide 19: Cesium: another high tech material with very limited supply

    19 Cesium: another high tech material with very limited supply › Tech applications include: Atomic clocks and GPS, Catalyst in plastics, Speciality glasses, Ion-propulsion motors, High density alkaline batteries, Coatings for solar cells, Pharmaceuticals › ~ 75% of cesium production has been used to

  20. Slide 20: Lilypad Cesium-Tantalum-Lithium Property

    Lilypad Cesium-Tantalum-Lithium Property

  21. Slide 21: Lilypad Project Background

    Lilypad Project Background › Property consists of 14 claims covering 3,108 ha › Staked by Avalon in 1999 & 100% owned by Avalon › Originally explored by Tanco in the 1990’s for tantalum › Explored for tantalum primarily in 2001-2002 under a joint venture with a Ta-capacitor manufacturer › Completed

  22. Slide 22: Lithogeochemical Survey

    Lithogeochemical Survey Rock units adjacent to the pegmatites are highly anomalous in cesium over a broad area suggestive of a large source North Anomaly Pollucite Dyke Cs in bedrock >50ppm Rubellite Dyke 25->50ppm 10-25ppm <10ppm 500 m

  23. Slide 23: Lilypad Pollucite Dyke

    Lilypad Pollucite Dyke › 340,000 tonnes @ 2.294% Cs2O and 0.037% Ta2O5 delineated in 2001-2003 drilling programs* › Cesium grades increase with depth, open at 300m below surface › “Western extension” new, undrilled zone of dykes 200m to southwest with two grab samples containing 4.62% and 2.11% Cs2O

  24. Slide 24: Planned 2021 Work Program

    October 2020 field program to collect samples Planned 2021 Work Program › Continue process testwork on 250 kg bulk sample collected in 2020, including Selfrag electric pulse disaggregation and sensor-based ore-sorting technologies › Block modelling of the resource delineated in the 2001 drilling pro

  25. Slide 25: Sensor-based Ore-sorting Technology

    25 Sensor-based Ore-sorting Technology Advances in sensor technology now allow for detection of physical properties of minerals, such as specific gravity Minerals can be concentrated after crushing without using water or chemical reagents Can be used on an increasing variety of minerals including po

  26. Slide 26: East Kemptville Tin-Indium (and Lithium) Project Update

    26 East Kemptville Tin-Indium (and Lithium) Project Update › Management change at BHP in late 2019; new VP in charge of “Legacy Assets” refused to sign agreement to transition site responsibility to Avalon › In 2020, BHP provided notice of decision to deny Avalon access to implement our progressive

  27. Slide 27: Nechalacho Rare Earth Elements Property Update

    27 Nechalacho Rare Earth Elements Property Update June 2019: Cheetah Resources Pty Ltd. acquired ownership of near surface T-Zone and Tardiff Zone resources for $5 million cash while Avalon retains 100% ownership of Basal Zone HREE Deposit Sept 2020: Cheetah and SRC sign binding term sheet for const

  28. Slide 28: Avalon's Vision and Mission

    28 Avalon’s Vision and Mission Establish a diversified clean technology materials business, built on process innovation and strong ESG performance. Create shareholder value and long term growth through sustainable development of our critical minerals (lithium, tin, cesium and rare earths) assets. Fo

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