Galan Lithium Limited · ASX:GLN
Galan Lithium — 121 Mining Investment Presentation 2020
23 slides from Galan Lithium's conference presentation, May 19, 2020
Slide 1: New High-Grade Lithium Brine Discovery in South America's Lithium Triangle
NEW HIGH-GRADE LITHIUM BRINE DISCOVERY IN SOUTH AMERICA’S LITHIUM TRIANGLE 121 Mining Investment Presentation 19-21 May 2020 ASX:GLN
Slide 2: Disclaimer and Important Information
DISCLAIMER AND IMPORTANT INFORMATION
Slide 3: Galan Lithium Limited Investment Foundations
GALAN LITHIUM LIMITED INVESTMENT FOUNDATIONS. ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
Slide 4: A Significant Investment Opportunity – The Right Place
A SIGNIFICANT INVESTMENT OPPORTUNITY – THE RIGHT PLACE
Slide 5: Galan - Placed Among the Best Projects in Argentina
GALAN - PLACED AMONG THE BEST PROJECTS IN ARGENTINA High grade/Low impurity brines setting SC: Spodumene concentrate LC :lithium carbonate LH: Lithium hydroxide Source: iLi Markets Nb: No resources figures publicly available for Livent’s Fenix operation
Slide 6: Impurities – Argentina Project Comparisons
IMPURITIES – ARGENTINA PROJECT COMPARISONS Low impurity brines setting Source: iLi Markets
Slide 7: Corporate Structure
CORPORATE STRUCTURE Capital Structure Performance Shares GLN Shares Shares 164,719,103 Vendor Class B Shares Upon the commencement of commercial production from a 10,000,000 Unquoted Options 5,350,000 Options exercisable $0.60, 31 Aug. 2020 pilot plant 4,000,000 Options exercisable $0.3438, 11 June
Slide 8: Highly Experienced Board
HIGHLY EXPERIENCED BOARD A civil industrial An experienced engineer Mr Jimenez corporate lawyer who has worked for world has extensive board leader in the lithium and operational industry Sociedad experience in the Química y Minera de resources and energy Chile (NYSE:SQM, sectors. Richard is Santiag
Slide 9: Hombre Muerto: Tier Location Worldwide for Li Brines
HOMBRE MUERTO: TIER 1 LOCATION WORLDWIDE FOR Li Northern Sal de Vida Market Cap: ~US$16bn BRINES Fenix Operation Market Cap: ~US$1.1bn Sal de Vida Market Cap: ~A$415m Candelas project Market Cap: ~A$24m
Slide 10: Hombre Muerto West (HMW) Maiden Resource
HOMBRE MUERTO WEST (HMW) MAIDEN RESOURCE HMW ZONE 1.08Mt LCE @ 946 mg/l Li Resource Li LCE K K KCI Category (mg/l) (t) (mg/l) (t) (t) HOMBRE MUERTO WEST (HWM) Inferred 946 1,085,775 8,765 1,880,742 3,586,574 nb; Reported at zero cut-off grade
Slide 11: HMW Resource Upside
HMW RESOURCE UPSIDE Potential Resource Upside Remains For Further Resource Increment Several areas covering margins of the Hombre Muerto salar, includes alluvial fan covered salar targets that have not been drilled Santa Barbara and Catalina geophysics (CSAMT) surveys confirm “very conductive and sh
Slide 12: HMW Portofino and Deceo III Transactions
HMW PORTOFINO AND DECEO III TRANSACTIONS
Slide 13: Candelas – Strong Brine Concentration Results
CANDELAS – STRONG BRINE CONCENTRATION RESULTS Comparative table of new developing lithium brine projects Ponds Area Li Recovery Production Project Ratio (1) (Ponds (LCE t per Source (Company) (8) (LCE t/ ha) per year) System) year to be Candelas (Galan) 70 – 80% (2) 28 – 38 (3) This announcement def
Slide 14: HMW – Indication of Sufficient Space for Evaporation
HMW – INDICATION OF SUFFICIENT SPACE FOR EVAPORATION Source: Intrepid Potash, US
Slide 15: ASX Company Comparisons
ASX COMPANY COMPARISONS LITHIUM BRINES COMPARATIVE TABLE (ASX Co.s) Company Resource Average grade Project Status Preferred LCE (mg/l Li) Processing Route GLN 1.8Mt 837 JORC resource estimate Under study, PFS completed commenced Dec-19 AGY 245kt 325 PEA completed, targeting Conventional industrial p
Slide 16: Achievements and Indicative Next Steps
ACHIEVEMENTS AND INDICATIVE NEXT STEPS ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
Slide 17: Achievements and Indicative Next Steps Timeline
ACHIEVEMENTS AND INDICATIVE NEXT STEPS Tasks CY 2018 CY 2019 CY 2020 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 CANDELAS Geophysics & mapping Drilling Permits Drilling JORC Resource Scoping &Pre-Feasibility Study (Est. July 2021) Pilot Plant Permits HMW Drilling Permits Drilling JORC Resource
Slide 18: Argentina – A Pro-Mining & Investment Destination
ARGENTINA – A PRO-MINING & INVESTMENT DESTINATION From left to right and attending the 2019 IMARC conference in Melbourne: Mr. Raul Jalil (newly elected Governor of Catamarca), Ms Lucia Corpacci (current Governor of Catamarca), GLN’s Managing Director Mr. JP Vargas de la Vega and the Mines Minister
Slide 19: Galan Lithium Limited Investment Foundations
GALAN LITHIUM LIMITED INVESTMENT FOUNDATIONS ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
Slide 20: Fast Tracking to Lithium Carbonate Production in South America's Lithium Triangle
FAST TRACKING TO LITHIUM CARBONATE PRODUCTION IN SOUTH AMERICA’S LITHIUM TRIANGLE Level 2, 38 Richardson Street, West Perth, WA 6005 PO Box 396, West Perth, WA, 6872 Ph. +61 8 9322 6283 Fax. +61 8 9322 6398 www.galanlithium.com.au ASX:GLN
Slide 21: Appendix 1 – Lithium Market Cost Curve – Lithium Supply Fundamentals
APENDIX 1 – LITHIUM MARKET COST CURVE – LITHIUM SUPPY FUNDAMENTALS Source: CRU
Slide 22: South American Brines – Simplified Model
SOUTH AMERICAN BRINES – SIMPLIFIED MODEL Strong Competitive Advantage to Produce Lithium Carbonate at ~USD6/kg LCE (Capex included) SC: Spodumene concentrate LC :lithium carbonate LH: Lithium hydroxide Source: iLi Markets
Slide 23: ...and Remains Competitive
…and, REMAINS COMPETITIVE Even when producing Lithium Hydroxide at ~USD8/kg LCE (Capex included) SC: Spodumene concentrate LC :lithium carbonate LH: Lithium hydroxide Source: iLi Markets
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