Core Lithium Ltd · ASX:CXO
Core Lithium — Q1 FY24 Earnings Presentation
18 slides from Core Lithium's earnings presentation, Oct 27, 2023
Slide 1: Australia's newest lithium producer: Q1 FY24 quarterly update
corelithium.com.au Australia’s For personal use only newest lithium producer Q1 FY24 quarterly update Gareth Manderson (CEO) 27 October 2023
Slide 2: Important and cautionary notes
Q1 FY24 Quarterly Update corelithium.com.au 2 Important and cautionary notes • This presentation has been prepared by Core Lithium Ltd (“Core”, “Company”) and provides a general overview of the Company and its strategy. • For personal use only This presentation does not purport to be all-inclusive o
Slide 3: Core – Our Value Proposition
Q1 FY24 Quarterly Update corelithium.com.au 3 Core – Our Value Proposition For personal use only Achieved first production in under Leveraged to EV thematic – Currently operating the Grants open Track record of exploration five years from maiden Resource Australia’s newest producing lithium pit whic
Slide 4: Q1 FY24 Highlights
Q1 FY24 Quarterly Update corelithium.com.au 4 Q1 FY24 Highlights Operations Sales & Exploration & Corporate & Safety & For personal use only Marketing Development Financial Sustainability Total Material Moved Second and final spodumene 8% Increase concentrate shipment into (Compared to Q4FY23) addit
Slide 5: Finniss operational update
Q1 FY24 Quarterly Update corelithium.com.au 5 Finniss operational update Ramp up continuing. Improvements in both mining and For personal use only processing Management commentary Quarterly Operating Performance • Concentrate production of 20,692t at an average 5.0% Li2O grade with all products meet
Slide 6: Finniss operational update…cont.
Q1 FY24 Quarterly Update corelithium.com.au 6 Finniss operational update…cont. Costs broadly in line, cash impacted by shipment timing For personal use only and QP adjustment Quarterly Operating Performance • C1 unit costs of $904/t were broadly in line with the previous quarter Q3 FY23 Q4 FY23 Q1FY
Slide 7: Recovery improvement trials seeing uplift
Q1 FY24 Quarterly Update corelithium.com.au 7 Recovery improvement trials seeing uplift Improvement projects For personal use only Trial sales of fines product (complete) Process control optimisation (underway) Crusher screen change out (complete) Met test work (underway) Mica classifier commissione
Slide 8: Recovery improvement trials seeing uplift
Q1 FY24 Quarterly Update corelithium.com.au 8 Recovery improvement trials seeing uplift Recoveries continue to improve, ~55% achieved in For personal use only October Spodumene concentrate production (tonnes) vs recovery (%), (RHS)
Slide 9: FY24 guidance on track
Q1 FY24 Quarterly Update corelithium.com.au 9 FY24 guidance on track Higher tonnes at lower grade for same Lithium unit For personal use only production • Operation on track to reach production, unit cost and capex guidance for FY24 • Current product strategy will see higher volumes of concentrate a
Slide 10: BP33: Site works well underway
Q1 FY24 Quarterly Update corelithium.com.au 10 BP33: Site works well underway 3D Design for BP33 Box Cut Wide end of BP33 Box Cut (October 2023) For personal use only Box cut length 288m Box cut depth 40m (design) 354,390t excavated (393,348t total)
Slide 11: BP33: Site works
Q1 FY24 Quarterly Update corelithium.com.au 11 BP33: Site works Box Cut – Tunnel Liner foundations under construction (October 2023) For personal use only Concrete batch plant (with cooling) now on site. Footings for tunnel liners now being installed.
Slide 12: BP33: Site works
Q1 FY24 Quarterly Update corelithium.com.au 12 BP33: Site works Lay down area (October 2023) For personal use only All 2,062 steel tunnel segments for the covered box cut 800t of steel reinforcing for arch footings. have been delivered to site.
Slide 13: Increase in Resource confidence at BP33
Q1 FY24 Quarterly Update corelithium.com.au 13 Increase in Resource confidence at BP33 February 2023 October 2023 For personal use only • Measured & Indicated Increased to 89% of 10.5Mt @1.53% Li2O • Grade increased, from 10.1Mt @ 1.48% Li2O to 10.5Mt @ 1.53% Li2O NOTES: 1. Refer ASX release 16 Octo
Slide 14: Project pipeline and sustaining growth
Q1 FY24 Quarterly Update corelithium.com.au 14 Project pipeline and sustaining growth Near-term priority For personal use only Project Discovery Resource Definition Development Production / Extension Grants Production until late CY25 Resources: 2.91Mt @ 1.47% Li2O Progress open pit expansion study G
Slide 15: Our priorities for FY24
Q1 FY24 Quarterly Update corelithium.com.au 15 Our priorities for FY24 OPERATIONAL • Safe Operations & Critical Risk Management program DELIVERY For personal use only • FY24 spodumene production guidance - 80,000t to 90,000t • Finniss Operations improvement: Recovery and mining productivity 1 • Deli
Slide 16: Appendix
Q1 FY24 Quarterly Update corelithium.com.au 16 Appendix For personal use only
Slide 17: Finniss Mineral Resources
17 FINNISS MINERAL RESOURCES Mineral Resource Estimate for the Finniss Lithium Operation (0.5% Li2O cut-off) For personal use only Measured Indicated Inferred Total Mineral Resource Tonnes Li2O Tonnes Li2O Tonnes Li2O Tonnes Li2O Li2O (Mt) % (Mt) % (Mt) % (Mt) % Contained Metal (kt) Grants* 1.93 1.5
Slide 18: For personal use only
Q1 FY24 Quarterly Update corelithium.com.au 18 For personal use only