Galan Lithium Limited · ASX:GLN
Galan Lithium — Investor Presentation (May 2025)
20 slides from Galan Lithium's investor presentation, May 2025
Slide 1: Investor Presentation May 2025
INVESTOR PRESENTATION MAY 2025
Slide 2: Important notice and disclaimer
Important notice and disclaimer This presentation has been prepared by Galan Lithium Limited. Competent Persons The information contained herein that relates to exploration results and geology is based on information compiled or reviewed by Dr Luke Milan, who has consulted to the Company. Dr Milan i
Slide 3: Galan's Competitive Advantages
Galan’s Competitive Advantages High grade, low-cost, debt free near term producer 1 Brine is best – Lithium brine projects are less energy, cost and emissions intensive compared to hard rock lithium projects 2 Cost advantage leads to resiliency - Hombre Muerto West (HMW) is well positioned to be cas
Slide 4: Galan (ASX:GLN) – Corporate Snapshot
Galan (ASX:GLN) – Corporate Snapshot An accomplished and aligned Board with relevant South American experience CAPITAL STRUCTURE BOARD Share price1 A$0.105 o Experienced corporate lawyer Richard Homsany Shares on issue 945m o Principal of Cardinals Lawyers Non Executive o Exec. Chair of Toro Energy,
Slide 5: HMW: Demonstrated Track Record of Strategic Execution
HMW: Demonstrated Track Record of Strategic Execution Progressing Towards First Production 2025 Full Mining Permit for Phase 2 granted. Funding and offtake secured for Phase 1. Pond inventory over 9,500 2020 – 2024 tonnes LCE Mineral Resource established and expanded, now ranked 2024 as a global Top
Slide 6: HMW – A Lithium Project with Scale and Grade
HMW – A Lithium Project with Scale and Grade A multi-decade project with compelling project economics MAP OF GALAN’S TENURE IN CATAMARCA, ARGENTINA Project Interest o 100% in the HMW and Candelas project areas Project Location o Catamarca, Argentina Combined Mineral o 9.5 Mt LCE at 841mg/L lithium R
Slide 7: Phase 1 construction at HMW advancing towards completion
Phase 1 construction at HMW advancing towards completion Processing of brine to start in H2 2025, final concentrate production H1 2026 RENDER OF NANO FILTRATION FACILITY • The evapouration ponds needed for Phase 1 (ponds 1 - 4) have been substantially completed. Partial lining of pond 4 will soon be
Slide 8: HMW – A first quartile lithium asset
HMW – A first quartile lithium asset HMW’s favourable positioning on the cost curve underpins its long term competitiveness and resilience LITHIUM CARBONATE EQUIVALENT COST CURVE (2028)1 • HMW is positioned China High Cost amongst the lowest cost CUMULATIVE REFINED LCE PRODUCTION (Kt) lithium assets
Slide 9: HMW within the ASX peer group
HMW within the ASX peer group Hard rock producers do not have a competitive cost profile TOTAL CASH COSTS AND CONCENTRATE GRADES OF ADVANCED LITHIUM PROJECTS HELD BY ASX LISTED COMPANIES • HMW – the lowest Wood Mackenzie 2028 cost profile and a Total Cash Costs + LiO2 Grade of Status Deposit Type Su
Slide 10: World Class Resource
World Class Resource HMW is amongst the largest advanced lithium projects in the world and importantly, has grade as well as scale GLOBAL TOP 10 LITHIUM PRODUCTION AND CONSTRUCTION PROJECTS (LCE Mt) 70.0 60.0 LCE CONTENT (MILLION TONNES) 50.0 40.0 30.0 20.0 10.0 0.0 Thacker Pass Salar de Atacama Cau
Slide 11: The Advantage of High-Quality Lithium Brine
The Advantage of High-Quality Lithium Brine High lithium grades at HMW have enabled a development plan with lower capital intensity and a lower risk profile COMPARISON OF LI GRADE IN DOWNSTREAM PROCESS TO CONVERT MINING PROCESS TO DELIVER A CONCENTRATE CONCENTRATE INTO A FINAL BATTERY PRODUCT Soda A
Slide 12: Lithium chloride – the right product for current and future battery chemistry
Lithium chloride – the right product for current and future battery chemistry Lithium chloride concentrate allows for a simple, cost-effective processing path for LFP batteries LFP BATTERY EVOLUTION3 • Lithium iron phosphate (LFP) batteries are dominant - Powder Electrode Energy density c.70% of all
Slide 13: Favourable dynamics for low cost producers
Favourable dynamics for low cost producers Strong lithium demand growth underlies the continued investment in brine assets and the downstream sector LITHIUM MARKET DEMAND (LCE kt)1 • Lithium demand is set to increase by 80% in just 3 years1 2024 A 2025 F 2026 F 2027 F • Around 100 kt of lithium supp
Slide 14: Low Risk, Phased Production Growth
Low Risk, Phased Production Growth Employing a proven development path to produce a lithium chloride product in high demand PHASED DEVELOPMENT TO 60ktpa LCE Context o There is over 20 years of lithium production history in the Hombre Muerto Salar o HMW has a very favourable geological setting with a
Slide 15: Argentina – A Leader in Lithium Mining
Argentina – A Leader in Lithium Mining A rich endowment of lithium is paired with a fiscal framework designed to encourage foreign investment Leading Mining Jurisdiction MAP OF ARGENTINIAN LITHIUM PROJECTS (LHS) AND THE SOUTH AMERICAN LITHIUM TRIANGLE (RHS) o Argentina holds the world’s 2nd largest
Slide 16: Timeline
Timeline A short path to production of lithium chloride concentrate Filtered brine First production and Result of RIGI Commissioning concentrating to sales of LiCl Application of NF plant final 6% LiCl concentrate H2 2025 H1 2026 Construction of Phase 1 First prepayment Nanofiltration (NF) construct
Slide 17: Appendix
A Appendix
Slide 18: Mineral Resource Estimate
Mineral Resource Estimate MINERAL RESOURCE STATEMENT FOR CANDELAS1 MINERAL RESOURCE STATEMENT FOR HOMBRE MUERTO WEST2 In situ Li Avg. Li LCE Avg. K In situ K KCl Equiv. In situ Li Avg. Li LCE Avg. K In situ K KCl Category Category (kt) (mg/l) (kt) (mg/l) (kt) (kt) (kt) (mg/l) (kt) (mg/l) (kt) Equiv.
Slide 19: Ore Reserve Statement
Ore Reserve Statement Ore Reserve Statement for Hombre Muerto West (effective date September 2023) Production Period Pumped Brine Vol. Avg. Li grade Ore Reserve Category Well Field Li Metal (kt) LCE (kt) (Years) (Mm3) (mg/L) West 1-7 34.9 30.8 884.0 101.2 Proven Santa Barbara - - - - - 1-7 1.8 1.5 8
Slide 20: Peer Comparison
Peer Comparison Global Top 10 Production and Construction Projects Mineral Resources (including Ore Reserves) in Lithium Carbonate Equivalent (LCE Mt) Total Project Operator Stage Type Measured Indicated Inferred Resources Li Grade Information Source Lithium Thacker Pass Construction Clay 8.0 36.5 2