Lifezone Metals Limited · NYSE:LZM
Lifezone Metals — The Rule Symposium 2024
32 slides from Lifezone Metals's conference presentation, Jul 7, 2024
Slide 1: The supply chain solution for cleaner metals
The supply chain solution for cleaner metals The Rule Symposium NYSE:LZM Boca Raton, FL www.lifezonemetals.com July 7-11, 2024
Slide 2: Forward-looking statements
Forward-looking statements Certain statements made herein are not historical facts but may be considered “forward-looking statements” within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended and the “safe harbor” provisions under the Private Secur
Slide 3: Disclaimer
Disclaimer This presentation (this “Presentation”) is provided for informational purposes only and has been prepared to provide interested parties with certain information about Lifezone Metals Limited and its subsidiaries (collectively, “Lifezone”, “Lifezone Metals” or the “Company”) and for no oth
Slide 4: Lifezone Metals Ltd. | NYSE:LZM
Lifezone Metals Ltd. | NYSE:LZM The supply chain solution for cleaner metals 1 Hydromet Technology: an innovative method for metals extraction and recycling Strategic partnership with BHP to develop the Kabanga Nickel Project in Tanzania – 2 one of the world’s largest and highest-grade undeveloped n
Slide 5: Lifezone | Benefits of Hydromet Technology
Lifezone | Benefits of Hydromet Technology Up to 73% less CO2 emissions 1,2,3 Refined end-product expected to and zero SO2 emissions1 translate into reduced freight costs and related emissions Lower capital and operating In-country beneficiation expenses intended to increase value recognition, job c
Slide 6: Lifezone | Kabanga Nickel Project & Kahama Hydromet Refinery
Lifezone | Kabanga Nickel Project & Kahama Hydromet Refinery One of the world’s largest and highest-grade undeveloped nickel sulfide deposits Kabanga is a globally significant deposit for high-grade nickel, copper and cobalt Advancing through partnerships with BHP and the Government of Tanzania Spec
Slide 7: Kabanga | A World-Scale, High-Grade Nickel Deposit
Kabanga | A World-Scale, High-Grade Nickel Deposit Kabanga compared to other globally significant nickel projects a anga ttri ta le eso r es M . Mt . i, . Cu, .1 Co nf 1 .5 Mt . i, . 1 Cu, .1 Co ag sland a a ala a a lan ao a ani el i el rade ian o a i ilo id arsi iwest ono orone h twa er elho entral
Slide 8: Kabanga & Kahama | Strategic Project Partnership with BHP
Kabanga & Kahama | Strategic Project Partnership with BHP Current Ownership Structure Government of Tanzania 83.0% 16.0% 84.0% 1.5%1 KABANGA NICKEL PROJECT & KAHAMA REFINERY 17.0% 14.3% indirect BHP Tranche 1 investment 2021: BHP invested $10 million in Lifezone and $40 million in Kabanga Nickel2,3
Slide 9: Kabanga & Kahama | Strategic Project Partnership with BHP
Kabanga & Kahama | Strategic Project Partnership with BHP Potential Future Ownership3 Government of Tanzania 39.3% 16.0% 84.0% 1.5%1,2 KABANGA NICKEL PROJECT & KAHAMA REFINERY 60.7% 51.0% indirect BHP Tranche 2 investment Option to 60.7% of Kabanga Nickel following completion of the Definitive Feasi
Slide 10: Kabanga | Expected First Quartile Cash Costs
Kabanga | Expected First Quartile Cash Costs Nickel industry C1 cash cost curve 20301 1 – Bespoke Nickel Market Outlook for Lifezone, a product of Wood Mackenzie, August 2022. The population is based on Wood Mackenzie's view on which current operations will be in production by 2030 and their base ca
Slide 11: Kabanga & Kahama | Expected Industry-Lowest CO2e Emissions Intensity
Kabanga & Kahama | Expected Industry-Lowest CO2e Emissions Intensity Nickel industry CO2e emissions curve 20301 1 – Bespoke Nickel Market Outlook for Lifezone, a product of Wood Mackenzie, August 2022. The population is based on Wood Mackenzie's view on which current operations will be in production
Slide 12: Tanzania | A New Era for Mining and Investment
Tanzania | A New Era for Mining and Investment Significant momentum for foreign investment across mining and energy Strengthening ties between Tanzania and the United States Vice President Kamala Harris visited Tanzania in March 20231 Reflects the longer-term aims of the Partnership for Global Infra
Slide 13: Kabanga & Kahama | A Modern Metals Supply Chain Solution
Kabanga & Kahama | A Modern Metals Supply Chain Solution Leveraging significant investments in Tanzanian infrastructure Kabanga Nickel Project: Connected into regional infrastructure and grid power Existing camp with ~200-person capacity Connected to the Tanzanian power grid ~80 km from 220 / 33kV p
Slide 14: Kabanga | Large Resource with Exploration Upside
Kabanga | Large Resource with Exploration Upside +$400 million invested and +620 km of drilling Oblique long section showing multiple mineralized zones at Kabanga1 (looking north-west) LZM Attributable (69.7%) at North1: M&I: 20.5 Mt @ 3.18% NiEq; 654 kt contained NiEq Inf: 12.2 Mt @ 3.24% NiEq; 394
Slide 15: Kabanga | Definitive Feasibility Study Expected Q3 2024
Kabanga | Definitive Feasibility Study Expected Q3 2024 Design work and mine planning underway Special Mining Licence issued in October 2021 Two-phased development plan in DFS: Prelim. 3D design view of the Kabanga Concentrator 1.7 Mtpa Phase 1 + 1.7 Mtpa Phase 2 Expansion = 3.4 Mtpa Total Working i
Slide 16: Kahama | Direct Metals Refining with Low CO2e and Zero SO2 Emissions
Kahama | Direct Metals Refining with Low CO2e and Zero SO2 Emissions Nickel, copper and cobalt refinery designed utilizing established technologies Lifezone team has developed technology Nickel Sulfide over +40 years of research and Concentrate from implementation Kabanga Four main processing steps
Slide 17: Kahama | Enabling Finished Metal Production in Tanzania
Kahama | Enabling Finished Metal Production in Tanzania A direct-to- etal sol tion with ife one’s H dro et e hnolog Critical government milestones achieved Multi-Metal Refinery Licence received March 2024 Kahama Area declared a Special Economic Zone (SEZ), providing certain tax and other economic be
Slide 18: USA Recycling | Partnership with Glencore
USA Recycling | Partnership with Glencore Decarbonizing the secondary metals supply chain Raw Materials Hydromet The Problem The Hydromet Solution1 Extraction Processing Potential to economically recycle Multiple cycles of recycling via critical metals with low smelting significantly increases emiss
Slide 19: USA Recycling | Partnership with Glencore
USA Recycling | Partnership with Glencore Hydromet technology to recover precious metals from catalytic converters Responsible Platinum Group Metals (PGMs) recovery with a world-class partner A faster, more efficient and less emissions-intensive way to recycle PGMs1 Profitably deliver high purity, r
Slide 20: Lifezone | Backed by Industry-Leading Partners and Investors
Lifezone | Backed by Industry-Leading Partners and Investors Project partners Convertible debentures investors BHP – Kabanga Nickel Project / Kahama Refinery Harry Lundin (Bromma Asset Management) • 1.5% shares owned of Lifezone Rick Rule • 17% current ownership of Kabanga Nickel Ltd. Key institutio
Slide 21: Lifezone | Focused on Delivery of Key Milestones
Lifezone | Focused on Delivery of Key Milestones Overview of the camp at the Kabanga Nickel Project Monetization of offtake for nickel, copper and cobalt from the Kabanga Nickel Project • Expected mid 2024 Completion of the Definitive Feasibility Study for the Kabanga Nickel Project • Expected by th
Slide 22: Lifezone Metals Ltd. | NYSE:LZM
Lifezone Metals Ltd. | NYSE:LZM The supply chain solution for cleaner metals 1 Hydromet Technology: an innovative method for metals extraction and recycling Strategic partnership with BHP to develop the Kabanga Nickel Project in Tanzania – 2 one of the world’s largest and highest-grade undeveloped n
Slide 23: NYSE:LZM
lifezonemetals.com info@lifezonemetals.com lifezone-metals NYSE:LZM @LifezoneMetals
Slide 24: Appendix
Appendix 24
Slide 25: Lifezone | Corporate Overview
Lifezone | Corporate Overview Corporate overview Lifezone (NYSE:LZM) rings the opening bell (July 6, 2023) Lifezone Metals Ltd. commenced trading on July , , on the YSE with the ticker “LZM”. Following the combination of Lifezone Holdings Limited with GoGreen Investments Corporation Financial highli
Slide 26: Lifezone | Major Milestones Achieved Since Go Public Announcement
Lifezone | Major Milestones Achieved Since “Go Public” Announcement Feb. '23: BHP’s nd investment tranche of $50 million (1st tranche of $50 million received Oct. '21) Jul. '23: Public listing on the New York Stock Exchange Jul. '23: Acquisition of Simulus Labs (Perth, Australia) Nov. '23: Kabanga M
Slide 27: Lifezone | Board Members
Lifezone | Board Members KEITH LIDDELL CHRIS SHOWALTER ROBERT EDWARDS FOUNDER AND CHAIR CHIEF EXECUTIVE OFFICER, LEAD INDEPENDENT DIRECTOR DIRECTOR JOHN DOWD GOVIND FRIEDLAND JENNIFER HOUGHTON DIRECTOR DIRECTOR DIRECTOR MWANAIDI MAAJAR BEATRIZ ORRANTIA DIRECTOR DIRECTOR 27
Slide 28: Lifezone | Management
Lifezone | Management CHRIS SHOWALTER DR. MIKE ADAMS GERICK MOUTON CHIEF EXECUTIVE CHIEF TECHNOLOGY CHIEF OPERATING OFFICER OFFICER OFFICER INGO HOFMAIER BENEDICT BUSUNZU SPENCER DAVIS CHIEF FINANCIAL TEMBO NICKEL GROUP GENERAL OFFICER CHIEF EXECUTIVE OFFICER COUNCIL DAYNA DANKBAAR CHRIS MEDWAY ANTH
Slide 29: Kabanga | Mineral Resource Update (November 30, 2023)
Kabanga | Mineral Resource Update (November 30, 2023) Kabanga is 69.7% owned by Lifezone and all Attributable Grades Attributable Contained Metals Mineral Resource Mineral Resources are shown on an attributable Classification Tonnage (Mt) NiEq23 Ni Cu Co NiEq23 Ni Cu Co to Lifezone basis (%) (%) (%)
Slide 30: Kabanga | Nov '23 Mineral Resource Update Shows Significant Increase
Kabanga | Nov ’23 Mineral Resource Update Shows Significant Increase LZM Attributable Mineral Resources (69.7% of total) Successful infill drill program and updated interpretation Change in processing flowsheet, including addition of a leads to a 69% increase in M&I plus a 20% increase in hydrometal
Slide 31: Notes
Notes 31
Slide 32: lifezonemetals.com
lifezonemetals.com info@lifezonemetals.com lifezone-metals @LifezoneMetals