Lomiko Metals — Investor Presentation (May 2024)
41 slides from Lomiko Metals's investor presentation, May 2024
Slide 1: A responsible developer of choice in Quebec, Canada
A responsible developer of choice in Quebec, Canada A partner of excellence in North America for a shared climate success story May 2024
Slide 2: Disclaimer
DISCLAIMER This presentation is not a prospectus, offering memorandum or an advertisement and is being provided for information purposes only and does not constitute or form part of, and should not be construed as, an offer or invitation to sell or any solicitation of any offer to purchase or subscr
Slide 3: Land Acknowledgement
Land Acknowledgement We acknowledge that the land/projects where we operate are located within the traditional land of the Algonquin Anishnaabeg and Cree Eeyou Istchee Peoples. Our vision is to embrace Indigenous people and Indigenous values within our projects to develop a sustainable approach on o
Slide 4: UL ECOLOGO certification
UL ECOLOGO certification® What is it? • Ecologo (UL) is a certification specifically designed for mineral exploration. It contributes to the establishment of a social license within the socio-economic ecosystem of projects, in full transparency. • It was created as an independent third-party certifi
Slide 5: The Lomiko Advantage
The Lomiko Advantage Strong fundamentals for anode Projected massive growth in Domestic graphite will be considered Domestic graphite premium product, EV growth growth over • Global graphite demand growth of long term 30% to 40% year • 7x multiple of demand growth to 2040 with massive under-supply •
Slide 6: Lomiko collaborations
Lomiko collaborations Investissement G Ouébec SL CO ( e mM ~— International CRITM vezavecnseer Femina Collective SOlUEM Canada @ ECOLOGO eer A National Research errehey) UNIVERSITE Council Canada 65 Be LAVAL Conseil national de recherches Canada NRC-IRAP Industrial Research Assistance Program
Slide 7: Mines, Mining Projects and Mineral Deposits in Québec
CSM Mines, Mining Projects and Mineral Deposits in Québec www.lomiko.com TSXV: LMR OTC: LMRMF FRANKFURT: DH8C 7
Slide 8: Ranked as the seventh biggest deposit worldwide by Mining.COM
Lomiko advantage: Ranked as the seventh biggest deposit worldwide by Mining.COM Source: Company filings 8
Slide 9: Market for Graphite
#, LOMIKO Market for Graphite
Slide 10: Electric Vehicle Market & Outlook: North American EV Sales
Electric Vehicle Market & Outlook + Rocks and Stocks + January 2024 North American Market: EV Sales ‘000 sales 240 Husa Canada 180 120 60 (0) Jan- Apr- Jul- = Oct- — Jam-)— Apr- Jule Oct- —s Jan-)—s Apr- ss Jul- — Oct- —s Jam-—s Apr- — Jul-— Oct- 21 21 21 21 22 22 22 22 23 23 23 23 24 24 24 24 202 2
Slide 11: The global EV market is in high growth mode
The global EV market is in high growth mode • International Energy Agency (IEA): the number of electric cars, vans, trucks and buses on roads is forecast to grow from 11M in 2020 to 145M by 2030 (Right) • In 2022, China accounted for over 50% of all EVs on the road (13.8M of 26M globally) The surgin
Slide 12: Shortfall to increase to 8Mt by 2040
Shortfall to increase to 8Mt by 2040 Projected Anode Demand (Mt) Graphite Market Balance - Projected Demand and Supply (Mt) 9,000,000 12,000,000 8,000,000 10,000,000 7,000,000 6,000,000 8,000,000 La Loutre 5,000,000 Projected start 4,000,000 6,000,000 3,000,000 2,000,000 4,000,000 1,000,000 2,000,00
Slide 13: PRC announces natural flake and synthetic graphite export restrictions
PRC announces natural flake and synthetic graphite export restrictions • Restrictions set in December 2023 • China has declared its intention to implement export permits for certain graphite products to safeguard national security. This move is part of China's broader strategy to regulate the supply
Slide 14: La Loutre Graphite Project
La Loutre Graphite Project 14
Slide 15: Lomiko is poised to be the responsible developer of choice in the South of Quebec
Lomiko is poised to be the responsible developer of choice in the South of Quebec La Loutre Graphite Project Source: NI 43-101 Technical Report and Preliminary Economic Assessment (July 2021) 15
Slide 16: La Loutre – 2021 PEA details
La Loutre – 2021 PEA details • Two known deposits currently being explored: EV Carmin Zone and Battery Zone Zone • LOM plant production of 21.8 Mtonnes of mill feed at 6.78% Cg diluted EV Zone • Graphite concentrate production at 1.43 Mtonnes Battery grading 95.0% Cg Zone • 14.7-year mine life produ
Slide 17: Achieving 184% Increase in Tonnage Indicated Mineral Resources
Achieving 184% Increase in Tonnage Indicated Mineral Resources La Loutre Resource Estimate (Effective Date: March 31, 2023) Source: InnovExplo March 2023 2023 MRE 2021 MRE Deposit EV Battery TOTAL EV Battery TOTAL Cut-off (%) Cg 1.5 1.5 1.5 1.5 1.5 1.5 Indicated Tonnage (kt) 24,267 40,429 64,696 8,1
Slide 18: La Loutre Graphite Met Studies - Summary
La Loutre Graphite Met Studies - Summary ✓ SGS & Metpro Characterization Study, Feb 2023: 640kg core sample that was homogenized and used to test the graphite mineralization. Optimization of the flotation circuit resulted in achieving 94.7% recovery and reconciled LCT (Locked Cycle Testing) testing
Slide 19: La Loutre Graphite Met Studies - Summary
La Loutre Graphite Met Studies - Summary ▪ UNDERWAY: CRITM, NRC & COREM Study ▪ Comprehensive testing program supported by CRITM grant and being researched and tested by NRC and Corem with Lomiko and MetPro support ▪ COREM: Collected a representative 1,100 kg rock sample to produce flotation concent
Slide 20: SGS Characterization Study, 2023 suitable for anode material
SGS Characterization Study, 2023 suitable for anode material • Developed and optimized PFS level flotation plant flowsheet -LCT testing achieved 94.7% recovery and 98.6% - 99.1% Cg reconciled grade • La Loutre flake distribution is ~70% fines - suitable for anode market 37% growth year over year! •
Slide 21: La Loutre metallurgical program 99.99% purified graphite content
La Loutre metallurgical program 99.99% purified graphite content ✓ Completed PFS level met testing and optimized flow sheet ✓ Completed value-added testing with ProGraphite – micronization, spheroidization, and purification: ✓ Proved that La Loutre material is suitable for battery applications -Sphe
Slide 22: La Loutre half-cell battery testing surpassed commercial graphite results
La Loutre half-cell battery testing surpassed commercial graphite results ✓ Demonstrated that La Loutre material is suitable for battery applications – half-coin battery testing with Polaris Battery Labs, LLC, USA, is demonstrating higher reversible capacity compared to commercially available graphi
Slide 23: La Loutre single layer pouch full-cell battery testing results
La Loutre single layer pouch full-cell battery testing met and surpassed commercial graphite results ✓ Demonstrated that La Loutre material is suitable for battery applications – single layer pouch full cell battery testing completed with Polaris Battery Labs, LLC, USA, ✓ The single-layer pouch cell
Slide 24: La Loutre graphite development milestones
La Loutre graphite development milestones • Permitting and capital dependent – 100,000tpa flake concentrate PFS / Includes anode transformation plant at PEA Pilot Plant Testing Feasibility Study Baseline studies EIS/ BAPE/ Permitting Construction Production 2024 2025 2026 2027 2028 2029 24
Slide 25: Lomiko Exploration Potential
Lomiko Exploration Potential 25
Slide 26: Graphite: Carmin
Graphite: Carmin Carmin - historic PFS contiguous to La Loutre Carmin The original historical estimate contemplated certain assumptions Zone A where the mineral resources are stated as Proven and Probable resources for Sites A and B. • Site A: total 1.55 Mt at 10.0% Cg Proven: 1.47 Mt at 10.29% Cg (
Slide 27: Regional exploration in Grenville belt
Regional exploration in Grenville belt Most prospective graphite belt in North America • Completed 1,518-line kilometers of heliborne geophysical surveys completed over the six graphite properties, with 55 targets identified • 264 claims in total on 6 early-stage projects covering 15,639 hectares in
Slide 28: Lithium exploration on massive claim package on Nemaska lithium corridor
Lithium exploration on massive claim package on Nemaska lithium corridor Bourier Property 28
Slide 29: Bourier lithium property
Lithium exploration on massive claim package on Nemaska lithium corridor Bourier • 49% ownership achieved • 203 claims for a total ground position of 10,252 hectares (102 km2) that boasts other lithium deposits and known lithium mineralization • Bourier consists of volcano-sedimentary units, a seque
Slide 30: Lomiko Advantage
=, LOMIKO Lomiko Advantage
Slide 31: NPV scenario analysis: Positively leveraged to graphite price increases
NPV scenario analysis: Positively leveraged to expected graphite price increases • 2021 PEA used a graphite concentrate selling price of US $916/t (basket price) • The current forecast selling price for +94%Cg is US $1,070/t of graphite concentrate (source: Benchmark / Lone Star) • Current public in
Slide 32: Concentrate Grade and NPV/Capex Multiple
Lomiko advantage: Concentrate Grade and NPV/Capex Multiple • Updating the Lomiko PEA for USD $1,500/t Graphite selling price improves on current solid project returns. • The La Loutre project combines high-grade concentrate with compelling economics of a post-tax IRR of 43%, post-tax NPV of $520M, a
Slide 33: High Quality project with low capital requirements
Lomiko advantage: High Quality project with low capital requirements combined with High-Grade Graphite Concentrate Project Location Africa/Europe North America 33
Slide 34: Cut-Off Grade & Graphite Con Grade
Lomiko advantage: Cut-Off Grade & Graphite Con Grade Lower cost and higher recovery Project Location Africa/Europe North America 34
Slide 35: La Loutre delivers 97.4kt/year over a 15-year mine life
PEA: The La Loutre project delivers 97.4kt/year over a 15-year mine life – PEA only, expansion possible Lomiko – La Loutre Operating Graphite Mines Source: Company filings 35
Slide 36: Diverse leadership & Experienced team, board and advisors
Diverse leadership & Experienced team, board and advisors MANAGEMENT TEAM BOARD OF DIRECTORS Belinda Labatte, CEO, CFA, MBA, ICD.D Sagiv Shiv, Lead Independent Director and Chair of Audit Committee 1,3 20 years experience in capital markets. Fluent in French. Served as Chief Dev. Head of M&A at ACP
Slide 37: For more information
For more information info@lomiko.com Follow us @lomikometals on socials l l l f l
Slide 38: Lomiko – a responsible developer of choice: A leader in 2024
Lomiko – a responsible developer of choice A leader in 2024 ✓ Increase of 184% in tonnage for the Indicated Mineral Resource category in updated 2023 MRE – the largest southernmost graphite resource in Canada ✓ Met with many local community members and communicated with mayors throughout 2023 ✓ Demo
Slide 39: 97 graphite mines needed to fuel the EV revolution
97 graphite mines needed to fuel the EV revolution How many mines do we need? • Benchmark forecasts how many mines need to be built in the short time frame to keep up with exceptional volumes of demand needed for key raw materials expected by 2035 • La Loutre is positioning itself for success as a r
Slide 40: La Loutre: 2021 PEA Layout – great base to build on
La Loutre: 2021 PEA Layout – great base to build on Mine layout and costs – PEA • Waste rock and tailings co-disposed • Efficient site water management with WASTE ROCK & no wet tailings EV ZONE CODISPOSAL PILE • Pits sequenced to maximize the returns starting from North – EV Pits to South – Battery
Slide 41: A responsible operator with track record of execution
A responsible operator with track record of execution Studies completed ✓ Completed 13,000m+ of drilling at La Loutre with exceptional results ✓ Completed NI-43-101 mineral Resource for La Loutre ✓ Completed 12 months of environmental baseline studies ✓ Completed pre-feasibility metallurgical test p