Galan Lithium Limited · ASX:GLN
Galan Lithium — Investor Presentation (May 2025)
21 slides from Galan Lithium's investor presentation, May 27, 2025
Slide 1: ASX Announcement: Revised Investment Presentation
ASX ANNOUNCEMENT 27 May 2025 Revised Investment Presentation Galan Lithium Limited (ASX: GLN) (Galan or the Company) has attached a revised version of the Latest Investor Presentation, which was lodged earlier this morning on the ASX platform. The only change was on page 7 where the expected commiss
Slide 2: Investor Presentation May 2025
For personal use only INVESTOR PRESENTATION MAY 2025
Slide 3: Important notice and disclaimer
Important notice and disclaimer This presentation has been prepared by Galan Lithium Limited. Competent Persons For personal use only The information contained herein that relates to exploration results and geology is based on information compiled or reviewed by Dr Luke Milan, who has consulted to t
Slide 4: Galan's Competitive Advantages
Galan’s Competitive Advantages High grade, low-cost, debt free near term producer 1 Brine is best – Lithium brine projects are less energy, cost and emissions intensive compared to hard rock lithium projects For personal use only 2 Cost advantage leads to resiliency - Hombre Muerto West (HMW) is wel
Slide 5: Galan – Corporate Snapshot
Galan (ASX:GLN) – Corporate Snapshot An accomplished and aligned Board with relevant South American experience For personal use only CAPITAL STRUCTURE BOARD Share price1 A$0.105 o Experienced corporate lawyer Richard Homsany Shares on issue 945m o Principal of Cardinals Lawyers Non Executive o Exec.
Slide 6: HMW: Demonstrated Track Record of Strategic Execution
HMW: Demonstrated Track Record of Strategic Execution Progressing Towards First Production For personal use only 2025 Full Mining Permit for Phase 2 granted. Funding and offtake secured for Phase 1. Pond inventory over 9,500 2020 – 2024 tonnes LCE Mineral Resource established and expanded, now ranke
Slide 7: HMW – A Lithium Project with Scale and Grade
HMW – A Lithium Project with Scale and Grade A multi-decade project with compelling project economics MAP OF GALAN’S TENURE IN CATAMARCA, ARGENTINA For personal use only Project Interest o 100% in the HMW and Candelas project areas Project Location o Catamarca, Argentina Combined Mineral o 9.5 Mt LC
Slide 8: Phase construction at HMW advancing towards completion
Phase 1 construction at HMW advancing towards completion Processing of brine to start in H2 2025, final concentrate production H1 2026 For personal use only RENDER OF NANO FILTRATION FACILITY • The evapouration ponds needed for Phase 1 (ponds 1 - 4) have been substantially completed. Partial lining
Slide 9: HMW – A first quartile lithium asset
HMW – A first quartile lithium asset HMW’s favourable positioning on the cost curve underpins its long term competitiveness and resilience LITHIUM CARBONATE EQUIVALENT COST CURVE (2028)1 For personal use only • HMW is positioned China High Cost amongst the lowest cost CUMULATIVE REFINED LCE PRODUCTI
Slide 10: HMW within the ASX peer group
HMW within the ASX peer group Hard rock producers do not have a competitive cost profile For personal use only TOTAL CASH COSTS AND CONCENTRATE GRADES OF ADVANCED LITHIUM PROJECTS HELD BY ASX LISTED COMPANIES • HMW – the lowest Wood Mackenzie 2028 cost profile and a Total Cash Costs + LiO2 Grade of
Slide 11: World Class Resource
World Class Resource HMW is amongst the largest advanced lithium projects in the world and importantly, has grade as well as scale For personal use only GLOBAL TOP 10 LITHIUM PRODUCTION AND CONSTRUCTION PROJECTS (LCE Mt) 70.0 60.0 LCE CONTENT (MILLION TONNES) 50.0 40.0 30.0 20.0 10.0 0.0 Thacker Pas
Slide 12: The Advantage of High-Quality Lithium Brine
The Advantage of High-Quality Lithium Brine High lithium grades at HMW have enabled a development plan with lower capital intensity and a lower risk profile For personal use only COMPARISON OF LI GRADE IN DOWNSTREAM PROCESS TO CONVERT MINING PROCESS TO DELIVER A CONCENTRATE CONCENTRATE INTO A FINAL
Slide 13: Lithium chloride – the right product for current and future battery chemistry
Lithium chloride – the right product for current and future battery chemistry Lithium chloride concentrate allows for a simple, cost-effective processing path for LFP batteries LFP BATTERY EVOLUTION3 For personal use only • Lithium iron phosphate (LFP) batteries are dominant - Powder Electrode Energ
Slide 14: Favourable dynamics for low cost producers
Favourable dynamics for low cost producers Strong lithium demand growth underlies the continued investment in brine assets and the downstream sector For personal use only LITHIUM MARKET DEMAND (LCE kt)1 • Lithium demand is set to increase by 80% in just 3 years1 2024 A 2025 F 2026 F 2027 F • Around
Slide 15: Low Risk, Phased Production Growth
Low Risk, Phased Production Growth Employing a proven development path to produce a lithium chloride product in high demand For personal use only PHASED DEVELOPMENT TO 60ktpa LCE Context o There is over 20 years of lithium production history in the Hombre Muerto Salar o HMW has a very favourable geo
Slide 16: Argentina – A Leader in Lithium Mining
Argentina – A Leader in Lithium Mining A rich endowment of lithium is paired with a fiscal framework designed to encourage foreign investment For personal use only Leading Mining Jurisdiction MAP OF ARGENTINIAN LITHIUM PROJECTS (LHS) AND THE SOUTH AMERICAN LITHIUM TRIANGLE (RHS) o Argentina holds th
Slide 17: Timeline
Timeline A short path to production of lithium chloride concentrate For personal use only Filtered brine First production and Result of RIGI Commissioning concentrating to sales of LiCl Application of NF plant final 6% LiCl concentrate H2 2025 H1 2026 Construction of Phase 1 First prepayment Nanofil
Slide 18: Appendix
For personal use only A Appendix
Slide 19: Mineral Resource Estimate
Mineral Resource Estimate MINERAL RESOURCE STATEMENT FOR CANDELAS1 MINERAL RESOURCE STATEMENT FOR HOMBRE MUERTO WEST2 For personal use only In situ Li Avg. Li LCE Avg. K In situ K KCl Equiv. In situ Li Avg. Li LCE Avg. K In situ K KCl Category Category (kt) (mg/l) (kt) (mg/l) (kt) (kt) (kt) (mg/l) (
Slide 20: Ore Reserve Statement
Ore Reserve Statement Ore Reserve Statement for Hombre Muerto West (effective date September 2023) For personal use only Production Period Pumped Brine Vol. Avg. Li grade Ore Reserve Category Well Field Li Metal (kt) LCE (kt) (Years) (Mm3) (mg/L) West 1-7 34.9 30.8 884.0 101.2 Proven Santa Barbara -
Slide 21: Peer Comparison
Peer Comparison Global Top 10 Production and Construction Projects For personal use only Mineral Resources (including Ore Reserves) in Lithium Carbonate Equivalent (LCE Mt) Total Project Operator Stage Type Measured Indicated Inferred Resources Li Grade Information Source Lithium Thacker Pass Constr