Lake Resources N.l. · ASX:LKE
Lake Resources N.l — Shareholder Meeting (November 2022)
20 slides from Lake Resources N.l's shareholder meeting presentation, Nov 29, 2022
Slide 1: Annual General Meeting
29 November 2022 ASX:LKE | FRA:LK1 | OTC:LLKKF Annual General Meeting Stu Crow - Chairman, Lake Resources
Slide 2: Disclaimer
Disclaimer General Statement and Cautionary Statement necessarily based upon a number of estimates and assumptions that, while considered reasonable by Lake Resources N.L. are inherently subject to significant technical, business, economic, competitive, political and This presentation has been prepa
Slide 3: Five lithium projects in the heart of the Lithium Triangle
Five lithium projects in the heart of the Lithium Triangle. CAUCHARI, OLAROZ & PASO Large leaseholding 2,200km2 (550,000 acres) World’s five largest producers all have equity in operations in the Lithium Triangle. KACHI (FLAGSHIP) ASX: LKE OTC: LLKKF SLIDE /3 3
Slide 4: Transitioning to a new stage of development
Transitioning to a new stage of development 01 02 03 04 New CEO and Kachi brines Work programs Testwork continues executive team processed in demo underway to with various appointed and being plant – next step accelerate providers using added to by year-end samples converted to exploration across br
Slide 5: Kachi Project: Clear production pathway
Kachi Project Clear production pathway 5
Slide 6: Kachi Project Plant design
Kachi Project Plant design One building with Ion Exchange Modules 6 replaces 30km 2 of evaporation ponds Warehouse, reagents Chlor Alkali Plant Bagging Plant and storage Impurity Removal and water treatment Direct Extraction (Lilac IX Plant) F E A D C G B Lithium Production Eluate Concentration ASX:
Slide 7: Offtake partners secured
Offtake partners secured Strategic investment and Strategic investment and offtake agreement with offtake agreement with SK On – up to 25,000 tpa + WMC Energy – up to 25,000 10% equity investment in tpa + 10% equity investment Lake Resources (refer ASX in Lake Resources (refer ASX 7 announcement 12/
Slide 8: Lilac Ion Exchange Demonstration plant operational
Lilac Ion Exchange Demonstration plant operational Kachi brines testwork commenced Testwork to run for minimum of 3-4 months for 2,500 tonnes of product Samples prepared for conversion into lithium carbonate 8
Slide 9: Kachi PFS metrics
Kachi PFS metrics Results for 25,500tpa @ US$15,500/t Mineral Resource* Post-tax NPV8 Annual EBITDA IRR post-tax Annual production Li2CO3 (Indicated) 1.01Mt US$1,580m** US$260m 35% 25,500tpa CAPEX Cash cost Annual operating costs Project Finance US$544m US$4,178/t US$107m 70% debt## Note: Results ba
Slide 10: Kachi Project Financial support
Kachi Project Financial support Project Finance Interest Rates Debt Duration UK Export Finance & Canada EDC provided Expression of Interest to support ~70% debt## ~4.25%## 10-11 years* ~70% of the total finance required • Subject to standard project finance terms, CAPEX including DFS, ESIA and offta
Slide 11: Cauchari, Olaroz, Paso projects
Cauchari, Olaroz, Paso projects Target 100tpa lithium by 2030 Program of work currently in planning stage to accelerate Brine testwork underway with variety of extraction exploration across all three projects in Jujuy in 2023 providers on different brines and processes; alternative extraction proces
Slide 12: Corporate snapshot
Corporate snapshot Share price Cash Share price performance YTD A$0.935 28 November 2022 A$158m 30 September 2022 A$ 52 week high A$2.65, low A$0.545 2.50 Shares on issue Unlisted Options 1.39b 30,597,401 2.00 (various prices) 1.50 Market capitalisation 1.14 A$1.37b 0.50| | Jan 2022 | April | July |
Slide 13: Appendix
Appendix LAKE
Slide 14: Board
Board Resources and Argentina experience Stu Crow David Dickson Dr Robert Trzebski Amalia Saenz Chairman Non-Exec Managing Director/CEO Non-Exec Director Non-Exec Director, Argentina More than 25 years of More than 30 years’ International mining executive; Experienced energy/natural experience (nume
Slide 15: Leadership
Leadership On-site team in place ready for construction Scott Munro Peter Neilsen Gautam Parimoo Sean Miller Karen Greene Daniel Bonafede Senior Vice President – Chief Financial Officer Chief Operating Officer Corporate Development Senior VSP Investor Exploration Manager Technology, Strategy Company
Slide 16: Lilac partnership
Lilac partnership Lilac to Earn in to Kachi Project up to max 25% stake Lilac has major tech sector supporters – aligns via performance based milestones breakthrough climate tech with upstream ESG lithium • Initial 10% - Lilac funds completion of testing of its technology for the Kachi Project • Lil
Slide 17: Lilac investors
Lilac investors US$150m investment 17
Slide 18: Lilac Ion Exchange: Cleaner lithium extraction
Lilac Ion Exchange Cleaner lithium extraction Atacama Projects Brine evaporation (170km2) Kachi Project Lilac Ion Exchange 0.5km wide 15km wide Brine returned to source Source: SQM / ALB presentations Smaller environment footprint 2020; 170km 2 for c.80,000 tpa Low Land use - Lower water use LCE. La
Slide 19: JORC Mineral Resource Kachi Project
JORC Mineral Resource Kachi Project Lithium carbonate equivalent Lake Lithium Carbonate High Purity (LCE) Indicated Inferred Total Resource 1.0Mt 3.4Mt 4.4Mt Source: LKE announcement 20/10/2020 KACHI LITHIUM BRINE PROJECT MINERAL RESOURCE ESTIMATE JORC Code 2012 Edition Indicated Inferred Area, km2
Slide 20: JORC Code 2012 Kachi Project
JORC Code 2012 Kachi Project 20
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