Jindalee Lithium Limited · ASX:JLL
Jindalee Lithium — Investor Presentation (September 2025)
20 slides from Jindalee Lithium's investor presentation, Sep 10, 2025
Slide 1: Jindalee signs LOI to list McDermitt in US
Jindalee signs LOI to list McDermitt in US For personal use only ASX Code JLL OTCQX JNDAF Investor Presentation September 2025 jindaleelithium.com
Slide 2: Warning Statement
Warning Statement This Presentation has been prepared by Jindalee Lithium Limited (“Jindalee,” This presentation contains certain forward-looking statements, including forecast exploration programs and budgets based upon the results of exploration, future prices “Company” or “JLL”) and is authorized
Slide 3: Presenters
Presenters Ian Rodger Lindsay Dudfield Managing Director & Executive Director For personal use only Chief Executive Officer Mr Ian Rodger is a mining executive with Mr Lindsay Dudfield is a geologist with over 15 years of experience in technical, over 40 years’ experience in multi- corporate finance
Slide 4: Company Overview
Company Overview Corporate snapshot(!) Share price (ASX:JLL, OTCQX:JNDAF) Share Capital (ASX:JLL, OTCQX:JNDAF) 79.9m A$/share Share Price A$0.40 1.20 Options (from 37c to $5.00) 19.8m Market Capitalisation A$31.9m For personal use only 1.00 Cash(2) A$4.0m Investments A$0.6m Convertible Note A$2.3m 0
Slide 5: Positioned to Unlock Value from McDermitt Oregon
Positioned to Unlock Value from McDermitt Oregon Key investment highlights: View in Vrify McDermitt: Strategic asset supporting America’s critical mineral needs ✓ One of the largest lithium resources in the US @ 21.5Mt LCE(1). ✓ PFS confirms 60+ year, large-scale, low-cost production in the bottom h
Slide 6: McDermitt - Empowering American manufacturing and energy security
McDermitt - Empowering McDermitt is one of the largest lithium deposits in the US and of global significance. McDermitt is ideally situated to plug in to the growing US battery manufacturing American manufacturing industry. and energy security(1) $3.23B(2) 17.9% $3.02B $8,080/t LCE(2,6) For personal
Slide 7: McDermitt Recognised as a FAST-41 Transparency Project
McDermitt Recognised as a FAST-41 Transparency Project One of the First 10 Mining Projects Initially Added as FAST-41 Transparency Projects What is FAST-41 Project Operator Market Cap (US$M) A US federal framework streamlining permitting for projects of national strategic importance. Resolution Copp
Slide 8: Transaction Overview
Transaction Overview(1) US$500M equity valuation and clear funding Figure1: Illustrative Change to Corporate Structure pathway to advance McDermitt Transaction Overview • Non-binding Letter of Intent (LOI) signed with Constellation Acquisition Corp. I Current Pro Forma (Constellation), a US SPAC spo
Slide 9: Lithium Market Outlook: Turning the Corner
Lithium Market Outlook: Turning the Corner Forecast deficits to support higher prices Battery Grade Li Carbonate LCE CIF Asia (Kt) (US$/t) Deficits Forecast Deficits Analyst Sentiment is Flipping 150 50 Major banks like UBS are upgrading lithium price forecasts and equities—moving from bearish to bu
Slide 10: Major milestones and catalysts for the year ahead
For personal use only Major milestones and catalysts for the year ahead Q3 2025 Q4 2025 H1 2026 Transaction complete Transaction Due Diligence and BCA negotiation Binding BCA execution NewCo trading on NASDAQ or NYSE Approvals Complete Exploration Plan of Operation (EPO) approvals for multi-year dri
Slide 11: Thank you
For personal use only Thank you Further information Ian Rodger enquiry@jindaleelithium.com jindaleelithium.com Managing Director & Chief Executive Officer +61 8 9321 7550
Slide 12: Board and management team with proven success in creating value for shareholders
Board and management team with proven success in creating value for shareholders Wayne Zekulich Ian Rodger Lindsay Dudfield Non-Executive Chair Managing Director & Executive Director Chief Executive Officer For personal use only Mr Wayne Zekulich was appointed to the Mr Ian Rodger is a mining execut
Slide 13: Seasoned VP Appointed to Fast-Track Project Advancement
Seasoned VP Appointed to Fast-Track Project Advancement Matt Haas Vice President – For personal use only Studies and Development Matt is a highly qualified international mining engineer with over 20 years of comprehensive experience spanning four continents and multiple commodities. He started with
Slide 14: Stable mining profile with early access to ore
Stable mining profile with early access to ore(1) ● Mining will be by conventional truck and shovel methods, with free-digging ore (no For personal use only blasting) ● Ore at surface limits pre-production mining / stripping expense ● Mining stable at circa 20Mt p.a. and a life of mine strip ratio o
Slide 15: Processing route validated through testwork
Processing route validated through testwork(1) Our processing flowsheet consists of standard technology used throughout industry and has been validated through testwork supervised by Fluor Corporation. McDermitt will be a fully integrated operation producing battery- For personal use only grade Lith
Slide 16: McDermitt: A highly competitive source of lithium chemicals for the US Market
McDermitt: A highly competitive source of lithium chemicals for the US Market For personal use only ● McDermitt to be in the bottom half of the global cost curve on LCE basis North American Brines ● Aligned to US energy security goals, McDermitt is expected to provide a large, long life domestic sou
Slide 17: McDermitt comparison with Thacker Pass
McDermitt comparison with Thacker Pass Owners Joint Venture (62%/38%) Category McDermitt PFS (November 2024)IV,V Thacker Pass (Updated Project Plan January 2025)I,II,III EBITDA Margin 64% 65% US$8,673/t Operating Cash Cost US$8,039/t (Defined as C1 cash costs) Financial NPV8% (post tax) US$3,229M US
Slide 18: Jindalee trades at an attractive valuation relative to peers
Jindalee trades at an attractive valuation relative to peers Significant uplift expected as McDermitt advances towards development Market Cap (US$)(1) / Contained LCE(2) in Resources(4) (t) 50.4 16.7 For personal use only Jindalee trades at a deep discount to peers 4.7 4.8 2.8 0.7 1.0 Market Cap / L
Slide 19: Appendix - McDermitt Reserve and Resource tables
Appendix 1 - McDermitt Reserve and Resource tables McDermitt Mineral Resource Estimate (2023) Indicated Resource Inferred Resource Indicated and Inferred Resource For personal use only Cut-off Grade (ppm Li) Tonnage (Mt) Li Grade (ppm) LCE (Mt) Tonnage (Mt) Li Grade (ppm) LCE (Mt) Tonnage (Mt) Li Gr
Slide 20: Appendix - Peer comparison data: North American lithium deposits
Appendix 2 - Peer comparison data: North American lithium deposits Deposit Owner Stage Resource Category Resource (Mt) Grade (ppm Li and % LiO2) Cut-Off (ppm Li and % LiO2) Contained LCE (Mt) Source Measured 561 2680 ppm 8 Indicated 3225 2150 ppm 36.5 Company Website – TSX: LAC (62%) Thacker Pass Co
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