Liontown Limited · ASX:LTR
Liontown — Liontown Resources — Shareholder Meeting (November 2022)
31 slides from Liontown's shareholder meeting presentation, Nov 22, 2022
Slide 1: 2022 AGM Chair Address and Presentation
2022 AGM Chair Address and For personal use only Presentation ASX Announcement 22/11/2022 Liontown Resources Limited (ASX:LTR) (Company) is pleased to provide a copy of the Chair Address and the Managing Director’s Presentation to shareholders which will be presented at the Liontown Annual General M
Slide 2: Chairman's Address to 2022 Annual General Meeting
Chairman’s Address to 2022 Annual General Meeting For personal use only Fellow shareholders, It is a great pleasure to report on what has been another outstanding and truly defining year for Liontown Resources. Driven by buoyant conditions in the global lithium market and strong progress towards the
Slide 3: Chairman's Address (continued)
Subsequently, final approvals in the form of the Mining Proposal - including Mine Closure Plan - and Works Approval were received in September, clearing the way for construction of this globally For personal use only significant new lithium mine to commence. Substantial site works are well underway
Slide 4: Chairman's Address close and Forward Looking Statement
And, most importantly, I would like to acknowledge and sincerely thank all our 30,000 shareholders, big and small, for your ongoing support in this exciting journey. For personal use only Thank you Tim Goyder Chairman Forward Looking Statement This announcement contains forward-looking statements wh
Slide 5: Annual General Meeting
For personal use only Annual General Meeting Tony Ottaviano, Managing Director 22 November 2022 ASX:LTRu
Slide 6: Important Information
Important Information For personal use only Cautionary Statement Kathleen Valley Project – Mineral Resource Estimate as at April 2021 The production targets and forecast financial information referred to in the Definitive Feasibility Study (DFS) and Downstream Scoping Study (DSS) were based on Prove
Slide 7: Agenda
Agenda For personal use only 1 Corporate Overview 2 FY22 Highlights 3 Our Strategy and the Lithium Market 4 FY22 Performance 5 Business Environment and Project Update ASX:LTR 3
Slide 8: Corporate Snapshot
Corporate Snapshot Liontown Corporate Overview (21 November 2022) For personal use only Market Cap Share price ($/share) We aim to be an ESG-leader, and a globally significant provider of battery minerals for the rapidly growing clean energy market. A$4.32bn A$2.03 Shares on Issue Major Shareholders
Slide 9: FY22 Highlights
FY22 HIGHLIGHTS For personal use only POSITIVE DFS 23 YEAR MINE LIFE FID KATHLEEN VALLEY LITHIUM PROJECT BOARD APPROVAL FEED ENHANCEMENTS NATIVE TITLE AGREEMENT IMPROVED OPERATIONAL FLEXIBILITY WITH TJIWARL AND PROCESS CONTROL A NEW BENCHMARK TESLA 60% RENEWABLE ON START UP 5 YEAR OFFTAKE 5 YEAR OFF
Slide 10: Our Strategy and the Lithium Market
For personal use only Our Strategy and the Lithium Market ASX:LTR 6
Slide 11: Liontown's Strategy
Liontown’s Strategy For personal use only Our pathway to become a globally significant provider of battery minerals as the world transitions to a low-carbon future Kathleen Valley Downstream Expansion Liontown Full Potential Full Potential – 700ktpa Develop integrated operations Expand portfolio thr
Slide 12: ESG Strategy
ESG Strategy For personal use only ESG is in our DNA A unique opportunity to design our company and operations with ESG at the centre, driving all decisions Respecting and Partnering Developing natural Creating social and Operating protecting with others resources responsibly economic value with int
Slide 13: Lithium Supply Dynamics
Lithium Supply Dynamics Lithium pricing has hit new records in 2022 off the back of strong demand and supply shortfalls For personal use only Forecast lithium market deficit is expected to grow significantly out to 2030, driven by tight supply Demand / Supply Forecast, 2020-30, kt LCE Demand 6,750 S
Slide 14: Lithium is Fundamental to Energy Storage
Lithium is Fundamental to Energy Storage Convertors are achieving reasonable margins at current spodumene and lithium hydroxide prices For personal use only There is no substitute for lithium in Li-ion cathodes – and the input cost of lithium is immaterial to overall production cost of a Li-ion batt
Slide 15: FY22 Performance
For personal use only FY22 Performance ASX:LTR 11
Slide 16: FY22 Performance: Corporate
FY22 Performance For personal use only Corporate • Demerger of Minerals 260 and sale of Toolebuc Vanadium Project • Included in the ASX 200 Index • Kathleen Valley Lithium Project: - Positive Definitive Feasibility Study (DFS) - Completed offtake agreements for 90% of startup production - Ford fundi
Slide 17: FY22 Performance: Kathleen Valley
FY22 Performance For personal use only Kathleen Valley • Front-end Engineering and Design (FEED) activities – advanced design for crushing and milling process areas • Key contracts issued for tender • Procurement of long lead equipment • Accommodation village design and construction awarded – commen
Slide 18: Production Schedule
Production Schedule Kathleen Valley For personal use only TRACK RECORD OF DELIVERING TO SCHEDULE POSITIONED TO PRODUCTION SCHEDULE Key approvals Award of major DFS Three Early works / construction / Construction A$463m Debt Funding received - Commission Production Complete & NTA Foundati
Slide 19: Downstream Strategy to Execution
Downstream Strategy to Execution The 2021 updated DSS confirmed: Value maximising pathway is a staged-build, with an integrated mining, processing and Kathleen Valley For personal use only refining operation producing downstream lithium products The 2022 is PFS exploring the optimal place, product a
Slide 20: FY22 Performance: Buldania
FY22 Performance For personal use only Buldania Positive drilling results Drilling Program • Drilling program comprising 42 reverse circulation drill holes for a total of 6,338m • Multiple targets tested Anna Deposit • Confirmed potential for incremental extension at Anna Deposit • Shallow lithium m
Slide 21: FY22 ESG Performance
FY22 ESG Performance For personal use only Respecting Partnering Developing natural Creating social and Operating and protecting with others resources responsibly economic value with integrity People • Tier 1 offtake agreements Kathleen Valley • Native Title Agreement • First sustainability report •
Slide 22: Business Environment and Project Update
For personal use only Business Environment And Project Update ASX:LTR 18
Slide 23: Operating Environment
Operating Environment For personal use only Global macro environment • External factors continue to impact national economies, disrupt supply chains and affect energy reliability • Markets face interest rates rises, cost inflation, tight job market, global shift towards decarbonising economy • Extre
Slide 24: Kathleen Valley Mine Design Update
Kathleen Valley For personal use only Kathleen’s Corner Mine Design Update Previous • Optimisation of open pit mine plan: - De-risks first 2 years operation: 1 active stoping area All underground mine accesses from the completed Mt Mann pit Mt Mann No immediate underground production requireme
Slide 25: Kathleen Valley EPCM
Kathleen Valley For personal use only EPCM Engineering and procurement at peak - will be for the next 3-4 months • Ramping up camp construction and early works • Long Lead Mechanical Equipment Fabrication remains on track • Site works – Early works, camp, earthworks and site establishment to house a
Slide 26: Kathleen Valley Process Plant
Kathleen Valley For personal use only Process Plant Site clearing complete, site offices established Construction water bladders and standpipe Plant Site cleared by a Tjiwarl contracting business ASX:LTR 22
Slide 27: Kathleen Valley Accommodation Village
Kathleen Valley For personal use only Accommodation Village Deliveries ramping up with site activities ahead of schedule • Construction of buildings in Perth on track • In ground services installation ahead of schedule • First 136 rooms on site as scheduled • First residents welcomed The Dragonfly t
Slide 28: Kathleen Valley Hybrid Power Station Update
Kathleen Valley For personal use only Hybrid Power Station Update • 95MW Hybrid Power Station Awarded to Zenith Energy Kathleen Valley power station - • Long lead purchasing well advanced - wind, gas turbines and gas expected to be the largest off-grid storage vessels awarded wind-solar-battery stor
Slide 29: Exploration Update
Exploration Update For personal use only Kathleen Valley Buldania • Over 6,500m of deep diamond holes • Programme of Work approved to completed (8 holes) drill test new targets from Q4 2022 • Potential for incremental Mineral • Heritage survey planning - ahead of Resource expansion at depth - will b
Slide 30: Summary – a pivotal year
Summary – a pivotal year For personal use only Key focus areas 1 Accelerate early execution momentum on the ground at Kathleen Valley Tier-1 Asset Timed to Perfection Kathleen Valley is a world-class Significant supply deficits forecast to 2 Award major construction contracts lithium deposit, with
Slide 31: For More Information
For personal use only For More Information: Investors Robert Carruthers Head of Corporate Affairs T: +61 8 6186 4600 rcarruthers@ltresources.com.au Media Nicholas Read Read Corporate T: +61 8 9388 1474 Nicholas@readcorporate.com.au ABN 39 118 153 825 Level 2, 1292 Hay Street, West Perth WA 6005 22 +
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