Lifezone Metals Limited · NYSE:LZM
Lifezone Metals — SCP Resource Finance Virtual Nickel Conference (July 2024)
19 slides from Lifezone Metals's conference presentation, Jul 25, 2024
Slide 1: The supply chain solution for cleaner metals
The supply chain solution for cleaner metals SCP Resource Finance Evan Young, SVP: IR & Capital Markets NYSE:LZM Virtual Nickel Conference www.lifezonemetals.com July 25, 2024
Slide 2: Forward-looking statements
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” provisions under the Private Secur
Slide 3: Disclaimer
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 the “Company”) and for no oth
Slide 4: Lifezone Metals Ltd. | NYSE:LZM
Lifezone Metals Ltd. | 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 n
Slide 5: Lifezone | Benefits of Hydromet Technology
Lifezone | Benefits of 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 increase value recognition, job c
Slide 6: Lifezone | Kabanga Nickel Project & Kahama Hydromet Refinery
Lifezone | Kabanga Nickel Project & Kahama Hydromet Refinery One of the world’s largest and highest-grade undeveloped nickel sulfide deposits Kabanga is a globally significant deposit for high-grade nickel, copper and cobalt Advancing through partnerships with BHP and the Government of Tanzania Spec
Slide 7: Kabanga | A World-Scale, High-Grade Nickel Deposit
Kabanga | 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 er elho entral
Slide 8: Kabanga | Large Resource with Exploration Upside
Kabanga | Large Resource with Exploration Upside +$400 million invested and +620 km of drilling Oblique long section showing multiple mineralized zones at Kabanga1 (looking north-west) LZM Attributable (69.7%) at North1: M&I: 20.5 Mt @ 3.18% NiEq; 654 kt contained NiEq Inf: 12.2 Mt @ 3.24% NiEq; 394
Slide 9: Expected First Quartile Cash Costs
Kabanga | Expected First Quartile Cash Costs Nickel industry all-in sustaining cost curve for 20321 All-In Sustaining Cost ($ 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 nickel by-product
Slide 10: Kabanga & Kahama | Expected Industry-Lowest CO2e Emissions Intensity
Kabanga & Kahama | Expected Industry-Lowest CO2e Emissions Intensity Nickel industry CO2e emissions curve 20301 1 – Bespoke Nickel Market Outlook for Lifezone, a product of Wood Mackenzie, August 2022. The population is based on Wood Mackenzie's view on which current operations will be in production
Slide 11: Kabanga & Kahama | Strategic Project Partnership with BHP
Kabanga & Kahama | 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 Nickel2,3
Slide 12: Kabanga & Kahama | Strategic Project Partnership with BHP
Kabanga & Kahama | 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 following completion of the Definitive Feasi
Slide 13: Kabanga & Kahama | A Modern Metals Supply Chain Solution
Kabanga & Kahama | A Modern Metals Supply Chain Solution Leveraging significant investments in Tanzanian infrastructure Kabanga Nickel Project: Connected into regional infrastructure and grid power Existing camp with ~200-person capacity Connected to the Tanzanian power grid ~80 km from 220 / 33kV p
Slide 14: Kahama | Enabling Finished Metal Production in Tanzania
Kahama | Enabling Finished Metal Production in Tanzania A direct-to- etal sol tion with ife one’s H dro et e hnolog 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 be
Slide 15: Refined End Products Recycling - Reuse
USA 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 increases emiss
Slide 16: USA Recycling | Partnership with Glencore
USA Recycling | Partnership with Glencore Hydromet technology 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, r
Slide 17: Lifezone | Focused on Delivery of Key Milestones
Lifezone | Focused on Delivery of Key Milestones Overview of the camp at the Kabanga Nickel Project Monetization of offtake for nickel, copper and cobalt from the Kabanga Nickel Project • Expected mid 2024 Completion of the Definitive Feasibility Study for the Kabanga Nickel Project • Expected by th
Slide 18: Lifezone Metals Ltd. | NYSE:LZM
Lifezone Metals Ltd. | 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 n
Slide 19: NYSE:LZM
lifezonemetals.com info@lifezonemetals.com Evan Young, SVP: IR & Capital Markets lifezone-metals NYSE:LZM evan.young@lifezonemetals.com @LifezoneMetals
Lifezone Metals — SCP Resource Finance Virtual Nickel Conference (July 2024) on 6ix