Core Lithium Ltd · ASX:CXO
Core Lithium — Corporate Update (November 2023)
19 slides from Core Lithium's corporate update, Nov 16, 2023
Slide 1: Australia's newest lithium producer – Site visit presentation
corelithium.com.au Australia’s For personal use only newest lithium producer Site visit presentation Grants operation and BP33 Project 16 November 2023
Slide 2: Important and cautionary notes
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. This presentation does not purport to be all-inclusive or to contain all the information that you or any ot
Slide 3: Australia's newest lithium producer
Australia's newest lithium producer October 2022 For personal use only Commissioning of Crushing Plant December 2022 DSO Sale February 2023 First concentrates produced May 2023 First Concentrate Sale corelithium.com.au | 3
Slide 4: Sustainability
corelithium.com.au Sustainability • Critical Risk Management implementation • Community Grants scheme commenced across site, projects and exploration “We embrace our role in the For personal use only o over 20 local recipients in 2023 energy transition and • Establishment of emergency response ackno
Slide 5: Excellent logistics chain close to Darwin City and Port
corelithium.com.au Excellent logistics chain close to Darwin City and Port 88km by Road from Darwin Port For personal use only Darwin Port is 88km by sealed road – Australia's closest port to China • existing bulk handling facilities Capital City of Darwin Potential LiOH Plant • international airpor
Slide 6: Mining
corelithium.com.au Mining Conventional blast, load and haul open pit mining, improvement projects underway For personal use only Mining performance improved ending Fleet October strongly • 4 x excavators • mining productivity improvement • 2 x Liebherr 19200 led to an 8% increase in Q1 TMM compared
Slide 7: Ability to draw on a skilled workforce – 300+ local
corelithium.com.au Ability to draw on a skilled workforce – 300+ local For personal use only 92% 100% 96% 100% 100% NOTE The third-party local employment rates are at August 2023. Throughout the project there has been interstate employment to assist with short falls.
Slide 8: Processing
corelithium.com.au Processing Flowsheet now being optimised For personal use only Grants Open Cut Mine Crush to 10mm topsize Reagent medium– FeSi Dense spodumene separates well from lighter quartz/feldspar using gravity separation
Slide 9: Improvements in wet season preparedness
corelithium.com.au Improvements in wet season preparedness Improving surface water and mine water management For personal use only • Additional mine water dams • Additional sediment basins • Installation of monitoring gauge stations, water level sensors • Additional pumps, piping infrastructure • Ad
Slide 10: Recovery improvement trials seeing uplift
corelithium.com.au 10 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) Stage crushing optimisation (initiated) Met test work (underway) Ultrafines
Slide 11: Recovery improved to 56% in October
corelithium.com.au 11 Recovery improved to 56% in October Recoveries continue to improve in November For personal use only Spodumene concentrate production (tonnes) vs recovery (%), (RHS) Note: Ave con grade for October was 4.5%
Slide 12: BP33: Site works well underway
corelithium.com.au 12 BP33: Site works well underway 3D Design for BP33 Box Cut For personal use only • Box cut length 288m • Box cut depth 40m (design) • 354,390t excavated (393,348t total) • All 2,062 steel tunnel segments for the covered box cut have been delivered to site • Box cut – Tunnel Line
Slide 13: Appendix
corelithium.com.au 13 Appendix For personal use only
Slide 14: Q1 2024 summary
corelithium.com.au 14 Q1 2024 summary 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 meeting customer specification Q3 FY23
Slide 15: Finniss operational update…cont.
corelithium.com.au 15 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 Q1FY24 • The build up in ore
Slide 16: BP33: Site works
16 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. corelithium.com.au | 16
Slide 17: Finniss Mineral Resources
17 FINNISS MINERAL RESOURCES Mineral Resource Estimate for the Finniss Lithium Operation (0.5% Li2O cut-off) Measured Indicated Inferred Total For personal use only 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: Project pipeline and sustaining growth
18 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 Grants Open pit extension / underground Progr
Slide 19: Q1 FY24 Quarterly Update
Q1 FY24 Quarterly Update corelithium.com.au 19 For personal use only