Slide 1: The supply chain solution for cleaner metals
The supply chain solution for cleaner metals Red Cloud NYSE:LZM Fall Mining Showcase www.lifezonemetals.com October 16-17, 2024
Slide 2: Forward-Looking Statements
LIFEZONE METALS – NYSE:LZM Forward-Looking Statements Certain statements made herein are not historical facts but may be considered “forward-looking statements” within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended and the “safe harbor” provisi
Slide 3: Disclaimer
LIFEZONE METALS – NYSE:LZM Disclaimer This presentation (this “Presentation”) is provided for informational purposes only and has been prepared to provide interested parties with certain information about Lifezone Metals Limited and its subsidiaries (collectively, “Lifezone”, “Lifezone Metals” or th
Slide 4: The Supply Chain Solution for Cleaner Metals
LIFEZONE METALS – NYSE:LZM The Supply Chain Solution for Cleaner Metals 1 Hydromet Technology: an innovative method for metals extraction and recycling Strategic partnership with BHP to develop the Kabanga Nickel Project in Tanzania – 2 one of the world’s largest and highest-grade undeveloped nickel
Slide 5: Benefits of Lifezone's Hydromet Technology
LIFEZONE METALS – NYSE:LZM Benefits of Lifezone’s Hydromet Technology Up to 73% less CO2 emissions 1,2,3 Refined end-product expected to and zero SO2 emissions1 translate into reduced freight costs and related emissions Lower capital and operating In-country beneficiation expenses intended to increa
Slide 6: Kabanga Nickel Deposit & Kahama Hydromet Refinery
KABANGA NICKEL PROJECT Kabanga Nickel Deposit & Kahama Hydromet Refinery One of the world’s largest and highest-grade undeveloped nickel sulfide deposits Partnerships with BHP and the Government of Tanzania Special Mining Licence and Refinery Licence in-hand Supported by US Internation Development F
Slide 7: A World-Scale, High-Grade Nickel Deposit
KABANGA NICKEL PROJECT A World-Scale, High-Grade Nickel Deposit Kabanga compared to other globally significant nickel projects a anga ttri ta le eso r es M . Mt . i, . Cu, .1 Co nf 1 .5 Mt . i, . 1 Cu, .1 Co ag sland a a ala a a lan ao a ani el i el rade ian o a i ilo id arsi iwest ono orone h twa e
Slide 8: Strategic Project Partnership with BHP
KABANGA NICKEL PROJECT Strategic Project Partnership with BHP Current Ownership Structure Government of Tanzania 83.0% 16.0% 84.0% 1.5%1 KABANGA NICKEL PROJECT & KAHAMA REFINERY 17.0% 14.3% indirect BHP Tranche 1 investment 2021: BHP invested $10 million in Lifezone and $40 million in Kabanga Nickel
Slide 9: Strategic Project Partnership with BHP
KABANGA NICKEL PROJECT Strategic Project Partnership with BHP Potential Future Ownership3 Government of Tanzania 39.3% 16.0% 84.0% 1.5%1,2 KABANGA NICKEL PROJECT & KAHAMA REFINERY 60.7% 51.0% indirect BHP Tranche 2 investment Option to 60.7% of Kabanga Nickel • ncreases BHP’s indirect ownership to 5
Slide 10: Expected First Quartile Cash Costs
KABANGA NICKEL PROJECT Expected First Quartile Cash Costs Nickel industry all-in sustaining cost curve for 20321 All-In Sustaining Cost ($ per tonne nickel) (real 2024$ terms) lati e rod tion ’s tonnes ni el 1 – Data: CRU Cost Analysis Tool, 2024 Q2. Note: curve excludes outlier PGM miners with nick
Slide 11: Expected Industry-Lowest CO2e Emissions Intensity
KABANGA NICKEL PROJECT Expected Industry-Lowest CO2e Emissions Intensity Nickel industry CO2e emissions curve 20301 (tonnes CO2e per tonne nickel equivalent) Emissions Intensity Production (cumulative centile) 1 – Bespoke Nickel Market Outlook for Lifezone, a product of Wood Mackenzie, August 2022.
Slide 12: US & Tanzania Strategic Economic Cooperation for Resilient Supply Chains
KABANGA NICKEL PROJECT US & Tanzania Strategic Economic Cooperation for Resilient Supply Chains US Government highlighted the importance of “The Lobito Corridor – connecting Angola, Zambia, the Kabanga to help advance the energy transition Democratic Republic of Congo – is one of our biggest project
Slide 13: Leveraging Significant Investments in Tanzanian Infrastructure
KABANGA NICKEL PROJECT Leveraging Significant Investments in Tanzanian Infrastructure Kabanga: Connected into regional infrastructure and grid power Existing camp with ~200-person capacity Connected to the Tanzanian power grid ~80 km from 220 / 33kV power substation ~340 km by road to Kahama Kahama:
Slide 14: Large Resource with Exploration Upside
KABANGA NICKEL PROJECT Large Resource with Exploration Upside More than $400 million invested in Kabanga and over 620 kilometers of drilling Lifezone attributable Mineral Resources (69.7% of total)1 43.6 million tonnes Measured and Indicated grading 2.02% nickel, 0.28% copper and 0.16% cobalt (2.57%
Slide 15: Direct Metals Refining with Low CO2e and Zero SO2 Emissions
KABANGA NICKEL PROJECT Direct Metals Refining with Low CO2e and Zero SO2 Emissions Nickel, copper and cobalt refinery designed utilizing established technologies Lifezone team has developed technology Nickel Sulfide over +40 years of research and Concentrate from implementation Kabanga Four main pro
Slide 16: A Mine-to-Metal Solution with Lifezone's Hydromet Technology
KABANGA NICKEL PROJECT A Mine-to-Metal Solution with Lifezone’s Hydromet Technology Critical government milestones achieved Multi-Metal Refinery Licence received March 2024 Kahama Area declared a Special Economic Zone (SEZ), providing certain tax and other economic benefits Environmental Impact Asse
Slide 17: Recycling Partnership with Glencore
USA RECYCLING PROJECT Recycling Partnership with Glencore Decarbonizing the secondary metals supply chain Raw Materials Hydromet The Problem The Hydromet Solution1 Extraction Processing Potential to economically recycle Multiple cycles of recycling via critical metals with low smelting significantly
Slide 18: Hydromet To Recover Precious Metals from Catalytic Converters
USA RECYCLING PROJECT Hydromet To Recover Precious Metals from Catalytic Converters Responsible Platinum Group Metals (PGMs) recovery with a world-class partner A faster, more efficient and less emissions-intensive way to recycle PGMs1 Profitably deliver high purity, refined PGMs from 100% recycled
Slide 19: Backed by Industry-Leading Partners, Investors and Governments
LIFEZONE METALS – NYSE:LZM Backed by Industry-Leading Partners, Investors and Governments Shareholder composition (basic)2 Project partners BHP – Kabanga Nickel Project / Kahama Refinery Glencore – USA Recycling Project for PGM Includes: Chair Convertible debentures investors arly nvestors Other Mgm
Slide 20: Research Analyst Coverage
LIFEZONE METALS – NYSE:LZM Research Analyst Coverage Firm Name BTIG Greg Lewis Hannam & Partners Roger Bell Panmure Liberum Ben Davis ROTH MKM Mike Niehuser SCP Resource Finance Brandon Gaspar Greg Lewis 20
Slide 21: The Supply Chain Solution for Cleaner Metals
LIFEZONE METALS – NYSE:LZM The Supply Chain Solution for Cleaner Metals 1 Hydromet Technology: an innovative method for metals extraction and recycling Strategic partnership with BHP to develop the Kabanga Nickel Project in Tanzania – 2 one of the world’s largest and highest-grade undeveloped nickel
Slide 22: lifezonemetals.com
lifezonemetals.com info@lifezonemetals.com lifezone-metals @LifezoneMetals
Slide 23: Appendix
Appendix 23
Slide 24: Corporate Overview
LIFEZONE METALS – NYSE:LZM Corporate Overview Corporate overview Lifezone (NYSE:LZM) rings the opening bell (July 6, 2023) Lifezone Metals Ltd. commenced trading on July , , on the YS with the ticker “LZM”. Following the combination of Lifezone Holdings Limited with GoGreen Investments Corporation F
Slide 25: Major Milestones Achieved Since "Going Public"
LIFEZONE METALS – NYSE:LZM Major Milestones Achieved Since “Going Public” Feb. '23: BHP’s nd investment tranche of $50 million (1st tranche of $50 million received Oct. '21) Jul. '23: Public listing on the New York Stock Exchange Jul. '23: Acquisition of Simulus Labs (Perth, Australia) Nov. '23: Kab
Slide 26: Board of Directors
LIFEZONE METALS – NYSE:LZM Board of Directors KEITH LIDDELL CHRIS SHOWALTER ROBERT EDWARDS FOUNDER AND CHAIR CHIEF EXECUTIVE OFFICER, LEAD INDEPENDENT DIRECTOR DIRECTOR JOHN DOWD GOVIND FRIEDLAND JENNIFER HOUGHTON DIRECTOR DIRECTOR DIRECTOR MWANAIDI MAAJAR BEATRIZ ORRANTIA DIRECTOR DIRECTOR 26
Slide 27: Management
LIFEZONE METALS – NYSE:LZM Management CHRIS SHOWALTER DR. MIKE ADAMS GERICK MOUTON CHIEF EXECUTIVE CHIEF TECHNOLOGY CHIEF OPERATING OFFICER OFFICER OFFICER INGO HOFMAIER BENEDICT BUSUNZU SPENCER DAVIS CHIEF FINANCIAL TEMBO NICKEL GROUP GENERAL OFFICER CHIEF EXECUTIVE OFFICER COUNCIL DAYNA DANKBAAR C
Slide 28: Mineral Resource Update (November 30, 2023)
KABANGA NICKEL PROJECT Mineral Resource Update (November 30, 2023) Kabanga is 69.7% owned by Lifezone and all Attributable Grades Attributable Contained Metals Mineral Resource Mineral Resources are shown on an attributable Classification Tonnage (Mt) NiEq23 Ni Cu Co NiEq23 Ni Cu Co to Lifezone basi
Slide 29: November 2023 Mineral Resource Update Shows Significant Increase
KABANGA NICKEL PROJECT November 2023 Mineral Resource Update Shows Significant Increase LZM Attributable Mineral Resources (69.7% of total) Successful infill drill program and updated interpretation Change in processing flowsheet, including addition of a leads to a 69% increase in M&I plus a 20% inc
Slide 30: Notes
LIFEZONE METALS – NYSE:LZM Notes 30
Slide 31: Notes
LIFEZONE METALS – NYSE:LZM Notes 31
Slide 32: lifezonemetals.com
lifezonemetals.com info@lifezonemetals.com lifezone-metals @LifezoneMetals