Core Lithium Ltd · ASX:CXO
Core Lithium — Diggers and Dealers 2023
15 slides from Core Lithium's conference presentation, Aug 8, 2023
Slide 1: Australia's Newest Lithium Miner
AUSTRALIA’S NEWEST For personal use only LITHIUM MINER Diggers and Dealers 2023 Gareth Manderson (CEO) 8 August 2023 corelithium.com.au | ASX CXO
Slide 2: Important & Cautionary Notes
IMPORTANT & CAUTIONARY NOTES This presentation has been prepared by Core Lithium Ltd (“Core”, “Company”) and presentation or any other information made available by the Company or any actual future results or performance may be materially different. Forward-looking provides a general overview of the
Slide 3: Core – Our Value Proposition
CORE – OUR VALUE PROPOSITION 1 Achieved first production five years from maiden resource discovery by pursuing a ‘Minimum Viable Project’ strategy 2 Leveraged to strong near-term pricing – Australia’s newest producing lithium mine which is located 88km from Darwin Port For personal use only Currentl
Slide 4: Q4 FY23 Highlights
Q4 FY23 HIGHLIGHTS O PE R ATI O N S • Quarterly spodumene production of 14,685t (FY23: 18,274t) • C1 unit cost of A$902/t (FY23: $1,230/t) • Maiden 5,500t spodumene concentrate shipment in April and second S ALE S & 13,100t shipment in early July1 M AR K E TI N G • 5,423dmt spodumene concentrate sal
Slide 5: Finniss Performance Improvement Initiatives
FINNISS PERFORMANCE IMPROVEMENT INITIATIVES Several short to medium term improvement projects are underway to optimise operations and enhance recoveries Improvement projects and fines sales Improvement projects • The Finniss plant has run for 14 weeks on a campaign basis, but has provided the first
Slide 6: BP33 Update
BP33 UPDATE Significant work underway as BP33 approaches FID in Q1 2024 • BP33 is cornerstone asset which underpins the broader business • Mineral Resource more than doubled to 10.1Mt @ 1.48% Li2O in March 20231 • Revised Feasibility Study based on 2023 resource model commenced in April 2023 with a
Slide 7: Core's FY24 Exploration Program
CORE’S FY24 EXPLORATION PROGRAM Track record of resource growth at low cost with existing deposits open at depth Overview of exploration program Finniss Resource growth Cumulative Resources (Mt) • FY24 exploration and study spend is expected to be approximately $35-40 Mt / $M Cumulative Exploration
Slide 8: North Finniss: Our Exploration Focus
NORTH FINNISS: OUR EXPLORATION FOCUS Close proximity deposits provide a long-term future for Finniss • Numerous underexplored pegmatites • During Q2 CY 2023 there was 9,581m of mine development and exploration For personal use only drilling undertaken at BP33, Carlton and Lees • 1,529m testing new p
Slide 9: Carlton Update
CARLTON UPDATE Drilling and study work also underway at the Carlton deposit • Current resources of 6.18Mt @ 1.38%, increased from July 2022 estimate of 4.04Mt at 1.30% Li2O* • Drilling has confirmed the down-plunge continuity of the spodumene-bearing pegmatite deposit a further ~200m down plunge For
Slide 10: Regional Exploration Targets
REGIONAL EXPLORATION TARGETS Large tenement holdings prospective for lithium at Anningie, Barrow Creek and Shoobridge • Fieldwork to commence in 2024 • Ground holdings with swarms of Pegmatite dykes and sills For personal use only • Historical pegmatite related tin-tantalum mines and workings • Enco
Slide 11: Project Pipeline and Sustaining Growth
PROJECT PIPELINE AND SUSTAINING GROWTH Strong pipeline of organic growth opportunities to drive Core’s next phase of growth Near-term priority Project Discovery Resource Definition Development Production / Extension Grants Production until late CY2025 Resources: 2.91Mt @ 1.47% Li2O Progress open pit
Slide 12: Concluding Remarks – Our Priorities for FY24
CONCLUDING REMARKS – OUR PRIORITIES FOR FY24 • Deliver Core’s Critical Risk Management program and focus on safe operations OPERATIONAL • Achieve FY24 spodumene production guidance of 80,000 to 90,000 tonnes DELIVERY • Execute Finniss performance improvement initiatives, including improving lithia r
Slide 13: Appendix
For personal use only APPENDIX Core overview corelithium.com.au |ASX CXO
Slide 14: Finniss Mineral Resources
FINNISS MINERAL RESOURCES Mineral Resource Estimate for the Finniss Lithium Operation 0.5% Li2O cut-off Measured Indicated Inferred Total Mineral Resource Tonnes Li 2O Tonnes Li 2O Tonnes Li 2O Tonnes Li 2O Li2O (Mt) % (Mt) % (Mt) % (Mt) % Contained Metal (kt) For personal use only Grants* 1.93 1.50
Slide 15: Core Lithium Ltd
For personal use only Core Lithium Ltd Level 9, 2 Mill Street, Perth, WA, 6000 INVESTOR ENQUIRIES Natalie Worley Investor Relations +61 8 8317 1700 MEDIA ENQUIRIES Gerard McArtney Account Manager +61 421 505 557 Cannings Purple Authorised for release by the Board of Core Lithium Ltd corelithium.com.