Lomiko Metals — Shareholder Meeting (December 2022)
26 slides from Lomiko Metals's shareholder meeting presentation, December 2022
Slide 1: Developing a pipeline of graphite and lithium properties in Quebec
Developing a pipeline of graphite and lithium properties in Quebec for a North American climate success story December 2022
Slide 2: Disclaimer
DISCLAIMER This presentation is not a prospectus, offering memorandum or an advertisement and is being provided for information purposes only and does not constitute or form part of, and should not be construed as, an offer or invitation to sell or any solicitation of any offer to purchase or subscr
Slide 3: Land Acknowledgement
Land Acknowledgement We would like to begin by acknowledging that the land/projects where we operate are located within the traditional land of the Algonquin Anishnaabeg and Cree Eeyou Istchee Peoples. Our vision is to embrace Indigenous people and Indigenous values within our projects in order to d
Slide 4: 2022 Operational milestones
2022 Operational milestones PFS studies and corporate development ✓ Completed 13,000m+ of drilling at La Loutre with exceptional results ✓ Acquired 6 graphite properties in Grenville province ✓ Initiated early soil and surface sampling at Bourier ✓ Completed 12 months of environmental baseline studi
Slide 5: 2022 and 2023 momentum
2022 and 2023 momentum 2023 looks good: Dramatic increase in attention to battery metals supply chain ✓ Over $3bn available in Canadian funding for critical minerals strategy – grants to be made available in 2023 ✓ Determination that Canadian minerals are ‘domestic’ in USA and that Lomiko qualifies
Slide 6: Critical Minerals Map of Quebec-new land package
Critical Minerals Map of Quebec-new land package www.lomiko.com TSXV: LMR OTC: LMRMF FRANKFURT: DH8C 6
Slide 7: Lomiko new natural flake graphite claims: 14,255 hectares
Lomiko new natural flake graphite claims: 14,255 hectares of mineral claims • 236 claims in total, on 6 projects in the Laurentian region of Quebec and within KZA territory • Within a 100 km radius of the Company’s flagship La Loutre graphite project • Large disseminated flake graphite mineralizatio
Slide 8: La Loutre graphite project close to infrastructure
La Loutre graphite project close to infrastructure with great geological setting La Loutre • Stage of development: Preliminary Economic Assessment ("PEA") EV Zone • Starting Preliminary Feasibility Studies Battery Zone • Concession size: 4,528 ha, 76 mineral claims • Location: Quebec, Papineau - 192
Slide 9: La Loutre Resource Estimate: focus on conversion
La Loutre Resource Estimate: focus on conversion La Loutre Resource Estimate (Effective Date: May 14, 2021) - PEA Cut-off EV Deposit Battery Deposit Total In-Situ Run-of- In-Situ In-Situ Class Run-of-Mine Run-of-Mine Grade Mine Grade Grade Graphite (%) Tonnage Graphite Tonnage Graphite (kt) Tonnage
Slide 10: La Loutre: PEA establishes a critical path ahead
La Loutre: PEA establishes a critical path ahead for improvements and project de-risking • LOM plant production of 21,8 Mtonnes of mill feed at 6.78% Cg diluted. • Graphite concentrate production at 1.43 Mtonnes La Loutre Graphite Project grading 95.0% Cg. • 14.7-year mine life producing 100,000tpy
Slide 11: 2022 summer drilling program completed – Actual drilled
2022 summer drilling program completed – Actual drilled Completed summer Infill and extension drilling along the strike of the deposits to Sept 28th Results confirm ore body shape, quality and extents for a total of 13,113 metres in 79 holes. Oct 12th Results Focus on higher grade EV Zone • Complete
Slide 12: Exploration Drilling Summary – La Loutre – press released
Exploration Drilling Summary – La Loutre – press released • Total holes drilled EV Zone – July 31st, 2022 – 53 holes drilled – 9,025 meters • Assays received for 53 holes and results published with excellent widths and grades encountered including: • Wide intervals of near surface, high-grade flake
Slide 13: 2022 summer drilling program – La Loutre EV Zone plan view
2022 summer drilling program – La Loutre EV Zone plan view 13
Slide 14: 2022 summer drilling program completed – Battery Zone
2022 summer drilling program completed – Battery Zone Finished drill program at Battery Zone • Completed 26 holes in Battery South for a total of 4,076 meters • First 6 holes – highlights • 4.49% Cg over 144.3m in hole LL-22-054 including 8.43% Cg over 55.5m • Holes 7-16 – highlights • 6.00% Cg over
Slide 15: La Loutre metallurgical program Next steps
La Loutre metallurgical program Next steps Next steps: • Metallurgical testing being completed by SGS in Lakefield on over 800kg of the core • Further testing for battery-grade material (micronization, spheroidization, purification and coating to produce CSPG) Develop relationships with potential cu
Slide 16: La Loutre development timeline subject to financing
La Loutre development timeline subject to financing Q4 2023 Q1-Q4 2023 2023 Q1/Q2 2023 Battery Pre- Dec 2022 Concentrate to Trials feasibility Updated anode tests Study and further NI-43-101 purification 1 Month Metallurgical Technical testing for flotation Report technical Battery testing specs Zon
Slide 17: La Loutre Long Term Development Line
La Loutre Long Term Development Line Q4 2027 Q1/Q2 2023 Production Q4 2023 MRE –NI-43-101 Q4 2024 Mineral Resource PFS – Pre- Estimate Feasibility Study Pilot Plant Q1/Q2 2025 FS – Feasibility Study Q3/Q4 2025 Permits & Q1 2026 Construction Decision Construction of La Loutre Flotation Plant and site
Slide 18: Bourier lithium project: highly prospective region
Bourier lithium project: highly prospective region Bourier Adjacent Properties: ⮚ Galaxy Resources ⮚ Nemaska Lithium ⮚ Critical Elements 1. Rose Tantalum Project FS stage 2. Lemare Property: 3. March 2017 Drilling 21m @ 2.65% Li2O 41.5m @ 1.71% Li2O 23m @ 1.61% Li2O Source: Critical Elements Corp. 1
Slide 19: Bourier lithium project identifies exploration targets with Li anomalies
Bourier lithium project identifies exploration targets with Li anomalies 2021 Exploration Results Bourier Exploration Program 2022 ▪ Located on Nemiscau greenstone belt and Critical Elements south-east of the Cree Eeyou Istchee James Bay territory in Quebec. ▪ Summer: intensifying prospection over a
Slide 20: Corporate budget requirements for La Loutre
Corporate budget requirements for La Loutre The regional exploration program and Bourier work is being funded with Canadian Flow-Through financing PLANNED COMPLETED To PFS for La Loutre Cost ($M) Phase 1 at La Loutre Cost ($M) Mining Plan $0.3 Resource Drilling $3.5 Mining Geotechnical $0.9 Metallur
Slide 21: NPV scenario analysis: leveraged to graphite price increases
NPV scenario analysis: Positively leveraged to expected graphite price increases • PEA used a graphite concentrate selling price of US $916/t. • The current forecast selling price is US $1,000/t of graphite concentrate (source: Benchmark). • Current public information indicates a selling price of ov
Slide 22: Project Returns and Impacts
Project Returns and Impacts Over the life of the project, 15 years, there are significant cash flows into the local economy, provincial and federal government Project Returns Initial Capital $236M NPV after tax (8%) $186M Revenue* Wages* Taxes* $1.7B $132M $240M 2021 Census Statistics - surrounding
Slide 23: Comparable company analysis demonstrates value creation potential
Comparable company analysis demonstrates value creation potential Nov 29, 2022 Market Cap Measured Indicated Inferred EV/Resource Symbol Price Company Name Shares O/S Cash TEV ($M) (Mt) (Mt) (Mt) (M&I) TSXV:NOU 6.150 Nouveau Monde Graphite Inc 55.8 14.0 334.0 342.9 24.5 95.8 4.5 2.8 TSX:NEXT 2.530 N
Slide 24: Capital Structure
Capital Structure As at Nov 29, 2022 Shares Issued & Outstanding 287.4M Market Cap $10.1M Options 13.0M Cash* $3.8M Warrants 82.6M Debt $- Share Units (PSU/RSU/DSU) 8.9M Total Enterprise Value $6.3M * Cash balance from audited financials – July 31, 2022 Fully Diluted 392.0M Source: Company Data Mana
Slide 25: New Vision. New Strategy. New Energy.
New Vision. New Strategy. New Energy. Major new energy business and operator of choice: By putting people first We are building a strategic stockpile of critical Strong investment proposition and leading minerals assets in Quebec with vision and values • $5-7m needed to PFS • Explore and develop sur
Slide 26: Diverse leadership with solid experience building businesses
Diverse leadership with solid experience building businesses MANAGEMENT TEAM BOARD OF DIRECTORS STRATEGIC ADVISORS Belinda Labatte, CEO, CFA, MBA, ICD.D A. Paul Gill, Executive Chair Normand Champigny, CEO 20 years experience in capital markets. Fluent in CEO of Pampa Metals, Lomiko Technologies, an