Slide 1: Australia's Next Lithium Producer
For personal use only Australia’s Next Lithium Producer Mining 121 Virtual Conference 18 November 2020 Stephen Biggins Managing Director
Slide 2: Important and cautionary notes
Important and cautionary notes For personal use only This document has been prepared by Core Lithium Ltd (“Core”, “Company”) and provided as a basic overview of the Cautionary Statement: tenements held or controlled by the Company. This presentation does not purport to be all-inclusive or to contain
Slide 3: Important and cautionary notes
Important and cautionary notes For personal use only Competent Person Statements: but not limited to general business, economic, competitive, political and social uncertainties; the actual results of current The Mineral Resources and Ore Reserves underpinning the Production Target have been prepared
Slide 4: Australia's next lithium producer
Australia’s next lithium producer For personal use only Core at the front of the line of new global lithium production 2020 Achievements: ✓ Regulatory approvals received for construction and operation of the Finniss Lithium Project ✓ First European Offtake with Transamine ✓ Binding offtake with Yahu
Slide 5: Australia's Most Advanced Lithium Developer
Australia’s Most Advanced Lithium Developer For personal use only Highlights going forward • Resource expansion drilling underway • Optimise and Update to Feasibility Study early 2021 • Discussions with multiple offtake nearing finalisation and finance partners Targeting Final Investment Decision (F
Slide 6: CXO is Australia's most advanced Lithium Developer
CXO is Australia’s most advanced Lithium Developer For personal use only Core’s Finniss Project is low-risk, near construction-ready and offers substantial value upside Project Finniss Piedmont Kathleen Valley Metric 3 (Core Lithium ASX:CXO) (Piedmont Lithium ASX:PLL) (Liontown Resources ASX:LTR) Ap
Slide 7: Corporate information
Corporate information For personal use only Share Price Performance Last Twelve Months Capital Structure (as at 30 September 2020) Share Price ~A$0.044 Shares on Issue 994.3M update Market Capitalisation ~A$44M Options and Rights Unlisted 64.2M Cash (30 September 2020) A$6.9M Debt Facilities Nil Ent
Slide 8: Finniss Lithium Project - Key advantages
Finniss Lithium Project - Key advantages For personal use only Core is developing one of Australia’s most capital-efficient and low-cost lithium projects • High-grade Lithium Resources adjacent to Port • Simple DMS processing (no flotation) • Significantly decreases capex, finance cost, risk and ope
Slide 9: Core Lithium and the Finniss Lithium Project
Core Lithium and the Finniss Lithium Project For personal use only ASX-listed developer with advanced lithium assets 25km from Darwin Port in Northern Australia • Finniss Lithium Project is one of the most capital efficient lithium projects in Australia • Low Capex A$85m to produce A$160m revenue p.
Slide 10: Prime location and valuable infrastructure available
Prime location and valuable infrastructure For personal use only available N Aerial view of Darwin, the Port of Darwin and the Grants Lithium development Excellent location & infrastructure advantages Potential for downstream manufacturing 10
Slide 11: Dense Media Separation (DMS) - no flotation circuit required
Dense Media Separation (DMS) - no flotation circuit required For personal use only DMS avoids problems of other new lithium Australian flotation projects burdened by high capex, large debt and high finance cost and high operating cost (refer appendix) ✓ Simple DMS (Gravity) separation produces high
Slide 12: European Green Deal to lead Post-COVID Recovery
European Green Deal to lead Post-COVID Recovery For personal use only €547.2 Billion (A$890,000,000,000) over the next seven years to achieve the EU’s climate goals • Europe is striving to be the first climate-neutral continent • EU growth strategy that transforms the Union into a modern, resource-
Slide 13: EV sales growth in Europe exceed China in 2020
EV sales growth in Europe exceed China in 2020 For personal use only Policies drive EV push • Since COVID-19 pandemic, EV passenger car sales reached new highs in Europe • Result of more favourable taxes or cost benefits for EVs in markets • Tighter vehicle emission standards for passenger cars at E
Slide 14: Core Lithium secures first European Offtake
Core Lithium secures first European Offtake For personal use only Core Lithium secures first European Offtake – May 2020 • Core non-binding Memorandum of Understanding (MOU) for Offtake with Geneva-based Transamine • 50,000tpa of spodumene concentrate over five years • Additional option for financin
Slide 15: Tesla is dominating the US car sales market
Tesla is dominating the US car sales market For personal use only Tesla’s Model 3 is the top seller in the US Small + Midsize Luxury Car Sales – H1 2020 38,314 Tesla Model 3 In the first half of 38,195 BMW 2 + 3 + 4 + 5 Series 2020, Tesla sold nearly 33,509 Mercedes C/CLA/CLS/E-Class 38,500 units of
Slide 16: Finniss Lithium Resource increased by over 50%
Finniss Lithium Resource increased by over 50% For personal use only Recent 150% increase to the Measured and Indicated Resource and more to come as Resource expansion drilling underway • Adding significant potential to increase mine-life • 52% increase to new Finniss Lithium Mineral Resource Estima
Slide 17: Ore Reserve Increase Significantly Extends Finniss Project
Ore Reserve Increase Significantly Extends Finniss Project For personal use only Increased Ore Reserves underpin a JORC-compliant seven-year Life of Mine (LOM) Stability RAR to Grants - Open Pit • Finniss Ore Reserves increased by 159% First Ore Pillars Surface • Life of Mine (LOM) of the Finniss Pr
Slide 18: NT Government approvals received for Finniss Lithium Project
NT Government approvals received for Finniss Lithium Project For personal use only Approval milestones 2018 Mineral Lease granted for Finniss Lithium project & key infrastructure 2019 Supplementary Environmental Impact Study (EIS) submitted 2020 - onward Mine Processing Plant and EIS & Mine Manageme
Slide 19: Darwin Port Heads of Agreement
Darwin Port For personal use only Heads of Agreement Core has agreement with Darwin Port to ship 250,000tpa of spodumene concentrate Darwin Port is Australia’s nearest port to China East Arm Wharf facilities at Darwin Port are well suited to handle potential future production from Core’s lithium pro
Slide 20: Prime Location with Valuable Infrastructure and Resource Upside
Prime Location with Valuable Infrastructure For personal use only and Resource Upside N Aerial view of Darwin, the Port of Darwin and the Grants Lithium development Resource Expansion Drilling Commenced 20
Slide 21: Positioned at front of the line to be Australia's next lithium producer
Positioned at front of the line to be For personal use only Australia’s next lithium producer ✓ Regulatory approvals in place to commence construction & operation of the Finniss Lithium Project ✓ First European Offtake announced to market ✓ Drilling started to increase Mineral Resources and Ore Rese
Slide 22: Thank you
For personal use only Thank you For more information: Core Lithium Level 1, 366 King William Street, Adelaide Stephen Biggins: +618 8317 1700 Authorised for release by the Board of Core Lithium Ltd. For broker and media enquiries: Cannings Purple Warrick Hazeldine: +61 417 944 616 Fraser Beattie: +6