Lake Resources N.l. · ASX:LKE
Lake Resources N.l — Shareholder Meeting (November 2018)
23 slides from Lake Resources N.l's shareholder meeting presentation, Nov 13, 2018
Slide 1: Lake Resources: Size and Location
For personal use only LAKE RESOURCES Size and Location Kachi – Large Target 8-17 Mt LCE Cauchari – Olaroz Extensions AGM Update from Benchmark Conference 13 Nov 2018
Slide 2: Disclaimer
Disclaimer For personal use only General Statement and Cautionary Statement This presentation has been prepared by Lake Resources N.L (Lake) for information purposes and meetings with sophisticated and professional investors, institutional investors and brokers and not any particular party. The info
Slide 3: Investment Highlights
Investment Highlights For personal use only Lake Resources (ASX:LKE) - Lithium exploration/development in Argentina - 3 lithium brine & 1 hard rock lithium project - One of Largest Lease Holdings of Lithium ~ 200,000 Ha, provides scale, optionality Two Flagship Projects: Kachi - Large Exploration Ta
Slide 4: Prime Location
Prime Location For personal use only SQM Production Orocobre Production (Tianqui - $4.1 Bn For 25% of SQM) Albemarle OLAROZ PASO Cauchari – Drilling to commence SQM / Ganfeng / Lithium Americas in same basin (Recent purchase $237m for 37%) Centre for Major Codelco (Lithium) Lithium X (Takeover) Lith
Slide 5: Corporate Snapshot
Corporate Snapshot For personal use only LAKE RESOURCES (ASX:LKE) Total Current Shares on Issue 360,223,781 Drilling next to Production Listed Options (20c) 15 Dec 2018 Expiry 42,816,667 New Major Discovery Unlisted Options (5c) Nov 2018 Expiry Unlisted Options (5c) Oct 2019 Expiry Unlisted Options
Slide 6: Experienced Board
Experienced Board For personal use only STEVE PROMNITZ STU CROW NICK LINDSAY ANDREW BURSILL Managing Director Chairman Non-Exec Non-Exec Director CFO/Company Secretary Extensive Project Management More than 25 years of 25+ years of experience in Accounting/ governance experience in South America – e
Slide 7: Comparisons - LKE Deep Value
Comparisons - LKE Deep Value For personal use only 1.2 Companies with Neighbours – Olaroz / Cauchari Neighbours - Kachi Adjoining Leases LKE 1 Potential Neighbour’s Mkt Value 400% to 4000% larger LAC 0.8 1000% than LKE A$ Bn Mkt Cap Growth $$ Example: 0.6 2.5 yrs Lithium Americas (LAC:TSX/NYSE) Was
Slide 8: Time Line – LKE Uplift
Time Line – LKE Uplift For personal use only 2016 - 2017 Mar/July 2018 Oct/Nov 2018 Nov 2018 Q1 2019 Q4 2018- H1 2019 • Peg Leases • Kachi Large • Cauchari • Kachi • Olaroz • Partner deals / Pre-Lithium Discovery drilling resource drilling Offtake Boom • Kachi – large • Cauchari • Kachi - Pilot • PF
Slide 9: Argentina – Adjustment Opportunity
Argentina – Adjustment Opportunity For personal use only Argentina - A Period of Adjustment Spells Opportunity New conservative Macri government since Dec 2015 Supportive federal/provincial govts (Catamarca, Jujuy) Recent peso devaluation improves short term returns New taxes are temporary measures
Slide 10: Kachi Project
For personal use only KACHI PROJECT Large scale; Low impurities Similar to projects in development Initial resource soon
Slide 11: Kachi – Large Target
Kachi – Large Target For personal use only Large Project New discovery Exploration Target: 8-17 Mt Lithium Carb Eq Leases: Large area Located in lowest part of Large drainage: 6,800 sq km KACHI PROJECT (2500 sq mile) Large Scale; Low Impurities Similar to projects in development Resource in October
Slide 12: Kachi – New Discovery
Kachi – New Discovery For personal use only Large Project – Scale Large salt lake 20 x 15km Previously untested 69,000Ha mining leases – 100% Lake Resource area – small part of exploration target potential Exploration Target Results: 8-17Mt LCE Good chemistry, low impurities ~320mg/L lithium (250-32
Slide 13: Kachi – Deep Brines
Kachi – Deep Brines For personal use only 20 Potential Expansion km Geophysics – Passive Seismic Shows large deep basin Shows brines from surface to 400-800m depth Potential for expansion to size and depth to south and west Covered by expanded lease holdings 13
Slide 14: Kachi – Development Options
Kachi – Development Options For personal use only Direct Extraction Partnership Rapid, Low Cost Method Kachi PFS: Conventional & new Direct Extraction methods - Study in tandem Pilot plants planned Q1 2019 Increases grade to > 3,000 mg/L lithium Clean product for lithium hydroxide or carbonate Reduc
Slide 15: Cauchari Project
For personal use only CAUCHARI PROJECT Extensions to known resources Initial drill testing underway Next to major acquisition
Slide 16: Cauchari Brine Project
Cauchari Brine Project For personal use only Likely Extension to Major Resources Adjoins (SQM)/Ganfeng/ Lithium Americas and Advantage Lithium/Orocobre Development Projects ( Ganfeng recently acquired SQM 37% equity $237m) Likely Extension of major resources – 14.8 Mt LCE Lithium 420-720 mg/L lithiu
Slide 17: Olaroz Project
For personal use only OLAROZ PROJECT 30km long belt among the Majors Next to Production Drilling after Cauchari
Slide 18: Olaroz Brine Project
Olaroz Brine Project For personal use only 30 km Likely 30 Extension km Adjoins Orocobre Production Target same aquifer Under alluvial cover Drill targets on basin margin after concept proved at Cauchari drilling 18 Source: Jujuy Registro Grafico Feb 18, Orocobre releases
Slide 19: Pegmatites
For personal use only PEGMATITES Past Production – Small scale New models for large deposits Catamarca
Slide 20: Target: Large Scale Deposits – New Exploration Models
Target: Large Scale Deposits – New Exploration Models For personal use only Target: Lithium Mineralisation as Spodumene In Large Pegmatite Swarms. 150km long belt of Pegmatites 150 km Large Area ~80,000 hectares Recent field work created new exploration models Potential for the belt to host large sc
Slide 21: Path to LKE Uplift News Flow
Path to LKE Uplift News Flow – Full Pipeline For personal use only Resource Drilling Partner Kachi Cauchari PFS Kachi Resource Olaroz-Cauchari Drilling Partner/Offtake Potential Kachi – Large discovery Drilling Cauchari – Extensions to PFS Funding Resource estimate late 2018 high grade results / dev
Slide 22: Appendix JORC Code 2012 – Competent Person's Statement
Appendix 1 JORC Code 2012 – Table 1 Report Kachi Lithium Project For personal use only Competent Person’s Statement – Kachi Lithium Brine Project The information contained in this ASX release relating to Exploration Results has been compiled by Mr Andrew Fulton. Mr Fulton is a Hydrogeologist and a M
Slide 23: Scale, Location, Value Uplift
LAKE RESOURCES For personal use only Scale, Location, Value Uplift Lithium at a Higher Level steve@lakeresources.com.au www.lakeresources.com.au +61 2 9188 7864 twitter.com/Lake_Resources IR (Ben) +61 4131 50448
Lake Resources N.L. — Shareholder Meeting (November 2018) on 6ix