Galan Lithium Limited · ASX:GLN
Galan Lithium — RIU Explorers Conference 2023
28 slides from Galan Lithium's conference presentation, Feb 14, 2023
Slide 1: ASX Announcement: Presentation at RIU Explorers Conference
ASX ANNOUNCEMENT 14 February 2023 For personal use only Presentation at RIU Explorers Conference ______________________________________________________________ Galan Lithium Limited (ASX: GLN) is pleased to advise that its Managing Director, JP Vargas de la Vega, will be presenting at the RIU Explor
Slide 2: Developing High-Grade Lithium Brine Projects in Argentina
For personal use only DEVELOPING HIGH- GRADE LITHIUM BRINE PROJECTS IN ARGENTINA RIU Explorers Conference February 2023 ASX : GLN | FSX : 9CH galanlithium.com.au
Slide 3: Disclaimer and important information
Disclaimer and important information This presentation has been prepared by Galan Lithium Limited. For personal use only 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. D
Slide 4: Rapidly advancing our 100% owned Hombre Muerto Projects to production
Rapidly advancing our 100% owned For personal use only Hombre Muerto Projects to production The highest grade and lowest impurity lithium brine assets in Argentina Investor presentation 3
Slide 5: Spectacular increase in HMW Resource
Spectacular increase in HMW Resource High grade, low impurity profile For personal use only Mineral Resource increased 2.5x to 5.8Mt contained LCE @ 866 mg/l Li - 76% in Measured category 1 • Measured Resource of 4.4Mt at 883 mg/L is one of the largest, high grade resources in Argentina • Reserve co
Slide 6: Outstanding long-term HMW pumping tests
Outstanding long-term HMW pumping tests Average flow rate from three completed tests of 22 L/s at average For personal use only 894mg/L grade for 30+ days Brine flow rate and chemical results support continuous 4ktpa LCE pilot 1 • Confirmed well-ready flow capacity for development of 4ktpa LCE pilot
Slide 7: Corporate snapshot
Corporate snapshot Strong cash liquidity, tight share register For personal use only Market capitalisation Share price Major shareholders A$371M A$1.21 2.5 A$/share Shares on issue 2.3 2.1 306.9M 1.9 1.7 Net cash position 1.5 1.3 A$38M 1.1 Directors & Top 20 0.9 management shareholders Unquoted secu
Slide 8: Delivering on our commitments
Delivering on our commitments Rapid dual-track project advancement For personal use only High Compelling Application Expected grade PEA submitted for HMW Maiden results up-scaled, Feasibility 4ktpa LCE Pilot plant HMW released 4ktpa pilot Study construction Mineral for HMW plant at HMW completion ex
Slide 9: The premier lithium developer
The premier lithium developer For personal use only World-class Compelling ESG and 01 location 02 economics 03 sustainable High grade, low Study work supports supply impurity brine assets high return projects Low energy, low carbon production footprint Strategic project Best in-class Further project
Slide 10: World-class location
01 World-class location Tier 1 geological endowment For personal use only Hombre Muerto Salar is perfectly positioned in Argentina’s prolific Lithium Triangle • World’s largest lithium reserves • ~40% total annual lithium production is from the Atacama and Hombre Muerto salars • Lithium ‘elephant’ c
Slide 11: World-class location: highly strategic positioning
01 World-class location Highly strategic positioning For personal use only 25+ year history of production with further development underway • Substantial regional investment • Significant regional infrastructure • Excellent governmental and community support • Highly strategic positioning Our 100% o
Slide 12: World-class location: high grade, low impurity brine assets
01 World-class location High grade, low impurity brine assets For personal use only Our Hombre Muerto assets are Brine Resources Li (mg/l) vs Mg/Li ratio amongst the very best brine projects • Leading lithium grades • Low potassium and HOMBRE magnesium drives low MUERTO – GLN opex • Substantial expl
Slide 13: Compelling economics: HMW PEA outcomes
02 Compelling economics Strong, PEA outcomes for 20 ktpa LCE at HMW For personal use only Flagship HMW Project Preliminary Economic Assessment (December UoM Result 100% ownership 2021)1 Project life Years 40 • Low-risk, proven processing Steady state lithium carbonate production Tonnes/year 20,000 •
Slide 14: Compelling economics: piloting work and plant
02 Compelling economics Piloting work and plant will further de-risk HMW For personal use only HMW Pilot Plant operations commenced • Successful high-flow, high-grade, long- term pumping tests results achieved • Evaporation ramp up – 3 ponds filled with brine, sooner than forecast, and achieving exp
Slide 15: Compelling economics: Candelas growth project
02 Compelling economics Attractive Candelas growth project For personal use only Highly complementary 100% owned Candelas Preliminary Economic Assessment (November 2021)1 Project life UoM Years Result 25 Project Steady state lithium carbonate production Tonnes/year 14,000 • PEA assumed 14 ktpa Li 2
Slide 16: Low-cost ktpa base lithium carbonate output projected
02 Compelling economics Low-cost 34 ktpa base lithium carbonate output projected For personal use only All-in sustaining cost US$/t LCE Galan boasts two PEA level projects with Brine (2021) combined long term base production of Mineral (2021) Hombre Muerto West (Galan) 34 ktpa LCE Candelas (
Slide 17: ESG and sustainable supply: low energy, low carbon production
03 ESG and sustainable supply Low energy and low carbon lithium brine production For personal use only Attractive relative Comparison of energy consumption environmental footprint – low impact production • Brine-based lithium has Comparison of CO 2 equivalent emissions superior environmental credent
Slide 18: Building the Long-Term ESG Journey
03 ESG and sustainable supply Building the Long-Term ESG Journey For personal use only Optimising shareholder value is heavily reliant on a healthy environment, social cohesion & support and sound governance • In 2021, Galan partnered with Circulor – full lithium traceability and ESG tracking for li
Slide 19: Building the Long-Term ESG Journey
03 ESG and sustainable supply Building the Long-Term ESG Journey For personal use only Investor Presentation 18
Slide 20: Rapid project delivery
04 Rapid project delivery Fast track route to chloride production and long-term LCE output For personal use only Targeting first-phase lithium concentrate production from HMW in CY24, Li 2CO 3 from CY25 • Pilot decouples schedule from financing and FID • DFS and associated works and Q3 Q4 Q1 Q2 Q3 Q
Slide 21: Highly experienced team: highly qualified Board
05 Highly experienced team Highly qualified Board For personal use only Richard JP Vargas de Daniel Christopher Terry Homsany la Vega Jimenez Chalwell Gardiner Non-Executive Founder & Non-Executive Non-Executive Non-Executive Chairman Managing Director Director Director Mr Homsany is an experienced
Slide 22: Highly experienced team
05 Highly experienced team A strong and talented group of professionals with world class For personal use only knowledge and extensive local experience Boris Alvaro Francisco Pablo Caro Henriquez Lopez Sanz P r oject G r oup G eology Explor ation Bu siness A dvisor/Director Ma nager Ma nager Develop
Slide 23: Further project pipeline: hardrock lithium exploration upside
06 Further project pipeline Hardrock lithium exploration upside For personal use only Greenbushes South Lithium Project - 100% ownership • E70/4790 only 3km south of Greenbushes Lithium mine • Tenements intersect the Donnybrook- Bridgetown Shear Zone • Discovery of lithium bearing pegmatites with 50
Slide 24: The premier lithium developer
The premier lithium developer For personal use only 01 World-class location 02 Compelling economics 03 ESG and sustainable supply 04 Rapid project delivery 05 Best-in class team 06 Further project pipeline Investor presentation 23
Slide 25: On the fast track to lithium production
On the fast track to For personal use only lithium production With flagship 100% owned HMW and Candelas Projects in South America’s lithium triangle Investor presentation 24
Slide 26: Appendix 1: Mineral Resource estimate
Appendix 1: Mineral Resource estimate For personal use only M i n e r a l R e s o u r c e S t a t e m e n t f o r C a n d el a s 1 Mineral Resource Statement f or 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 Equiv. Category (kt) (
Slide 27: Appendix 2: Peer brine resource table
Appendix 2: Peer brine resource table Salt lake Company Code Li Measured Indicated Inferred Total For personal use only (ml/L) Kt LCE Kt LCE Kt LCE Kt LCE Salar de Rincon Rincon Lithium JORC 403 3,600 4,300 7,900 Salar de Rincon Argosy JORC 325 245 245 Pozuelos y Pastos Grandes Litica Pluspetrol LSC
Slide 28: For personal use only
For personal use only Level 1, 50 Kings Park Road West Perth, WA 6005 PO Box 584 West Perth, WA, 6872 Phone: +61 8 9214 2150 Email: jp@galanlithium.com.au www.galanlithium.com.au