Liontown Limited · ASX:LTR
Liontown — Liontown Resources — Shareholder Meeting (November 2024)
33 slides from Liontown's shareholder meeting presentation, Nov 27, 2024
Slide 1: 2024 AGM Chair address and presentation
ASX: LTR www.ltresources.com.au 27 November 2024 2024 AGM Chair address and presentation Liontown Resources Limited (ASX : LTR) (“Liontown” or the “Company”) is pleased to provide a copy of the Chair address and Managing Director’s presentation which will be delivered to shareholders at the Liontown
Slide 2: Chair address
ASX: LTR www.ltresources.com.au Chair address Fellow shareholders, it is a great pleasure to be in front of you here today to report on an extraordinary year for Liontown. A little over two and a half years ago, we set ourselves a target to develop, commission and deliver first production by mid-202
Slide 3: Chair address (continued)
ASX: LTR www.ltresources.com.au A key advantage of underground mining is the flexibility it provides to target higher grade ore in the low- price environment to maximise our returns. It is something you cannot do easily in an open-pit. We have begun to see some lithium production removed from the ma
Slide 4: Chair address (conclusion)
ASX: LTR www.ltresources.com.au To the entire team at Liontown led by Tony Ottaviano, thank you for your ongoing dedication and efforts and achievement. We have the plan and top calibre team in place to continue delivery for Liontown. You should all be immensely proud of what we have built together
Slide 5: 2024 Annual General Meeting
For personal use only 2024 Annual General Meeting Tony Ottaviano, Managing Director & CEO 27 November 2024 ASX: LTR ltresources.com.au
Slide 6: Important information
Important information Important Information Notice and Disclaimers CURRENCY This investor presentation (Presentation) is dated 27 November 2024 and has been prepared by Liontown All dollar values contained in this document are expressed in Australian dollars unless otherwise stated. Totals may vary
Slide 7: Important information
Important information COMPETENT PERSON STATEMENTS The Information in this Presentation that relates to Mineral Resources for the Kathleen Valley Project is The Information in this Presentation that relates to Mineral Resources for the Buldania Project is extracted from extracted from the ASX announc
Slide 8: Agenda
Agenda 1. Liontown Overview 5 For personal use only 2. Our Strategy 6 3. Market backdrop 7 4. Our year in review 15 5. FY25 Let Kathleen Valley lead the way 22 6. Questions 4
Slide 9: Liontown corporate overview
Liontown corporate overview Liontown is an ASX listed responsible battery minerals provider headquartered in Perth, Western Australia. For personal use only Flagship Kathleen Valley Lithium Project entered production in mid-2024. 5 5
Slide 10: The last twelve months have been the most important in Liontown's history
The last twelve months have been the most important in Liontown’s history For personal use only LTR Share Price (A$/sh) (LHS) Spodumene Price (US$/t) (RHS)1 3.00 July 2024 4,000 October 2023 Kathleen Valley first Albemarle withdraws production indicative proposal August 2023 3,000 Sumitomo partnersh
Slide 11: FY24 Highlights
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES FY24 Highlights World class ore body | World class team | World class delivery For personal use only Safety Operations Project Delivery • 0.33 lost time injury • 5.4 million bank cubic metres • 1.5 years project build with tier-1 frequency rate mo
Slide 12: Market backdrop
For personal use only Market backdrop 8
Slide 13: Long-term lithium demand outlook remains robust
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES Long-term lithium demand outlook remains robust Lithium demand by end use Spodumene supply balance For personal use only (lithium demand, kt LCE) (spodumene concentrate surplus/deficit, % of demand) 4,000,000 10% 3,500,000 5% 3,000,000 EV +228% ES
Slide 14: EV sales remain strong but prices too high ex-China
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES EV sales remain strong but prices too high ex-China Global EV sales growth remains robust EV sales weakness ex-China is a pricing problem For personal use only +24% Weighted average of the base price comparison YTD Sept-24 (US$ thousands) Jan-Oct
Slide 15: China is building the future
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES China is building the future Consumer concerns around long-range EVs are being addresses as China leads the way in developing EVs with groundbreaking 1,000km range, with 11-15-minute recharge time1 and affordability For personal use only 1. The Ze
Slide 16: Starting to see supply / demand dynamics shift
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES Starting to see supply / demand dynamics shift Production of Chinese lepidolite has fallen... While Chinese Lithium Carbonate Consumption Continues to Grow For personal use only (LCE Tonnes) (LCE Tonnes) 18,000 16,000 14,000 12,000 10,000 8,000 6,
Slide 17: Unfactored supply curtailments on brownfield forecasts
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES Unfactored supply curtailments on brownfield forecasts Forward forecasts assumed a jump in production in 2025; but have not factored in recent announcements of production scale For personal use only back or delayed output because of low prices Ass
Slide 18: Greenfield growth harder to deliver than anticipated
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES Greenfield growth harder to deliver than anticipated At the time of Liontown’s DFS in 20211 Three key drivers to Liontown’s success: For personal use only ~10 Projects aimed to produce in 2024/5 Partnering 4 Projects made it 1. Based on WoodMac Li
Slide 19: Our year in review
For personal use only Our year in review 15
Slide 20: Kathleen Valley completed in FY24 – from construction to production
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES Kathleen Valley completed in FY24 – from construction to production For personal use only 16
Slide 21: Sustainability | ESG
Sustainability | ESG For personal use only Key ESG Highlights Safety metrics: 0.33 LTIFR (threshold = 2) and 5.99 TRIFR (threshold = 8)1 95MW Hybrid Power Station on-line, providing 67% renewable power generation at start-up (>60% target) and averaging 86% renewable power penetration in the Sept
Slide 22: Open pit mining – Kathleen's Corner
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES Open pit mining – Kathleen’s Corner For personal use only • Underpinned by Proved and Probable Ore Reserve of 3.4Mt at 1.23% Li2O at 30 June 2024 • Started mining in January 2023 – 9.1m BCM moved since commencement • Building ROM Stockpile to 1Mt
Slide 23: Underground Mining Commenced
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES Underground Mining Commenced For personal use only First development ore successfully extracted from Mt Mann in August • Underpinned by Probable Ore Reserve of 65.2Mt at 1.34% Li2O at 30 June 2024 2024, with stoping to commence Q4 FY25 • Started m
Slide 24: 4th Generation Processing Plant Commissioned
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES 4th Generation Processing Plant Commissioned For personal use only • 100% whole ore flotation flowsheet design tailored to our ore body characteristics • Designed and constructed using Tier-1 equipment, engineers and contractors • Over 400 flotati
Slide 25: Australia's Largest Off-grid Hybrid Power Station
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES Australia’s Largest Off-grid Hybrid Power Station For personal use only • In partnership with our key power provider Zenith, we have built a 95MW Hybrid Powerstation, comprised of: ‒ Five 6MW wind turbines, >210m in height ‒ 16MW solar farm compri
Slide 26: Kathleen Valley to lead the way in FY25
For personal use only Kathleen Valley to lead the way in FY25 22
Slide 27: FY25: Strong start - Ramp-up performance
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES FY25: Strong start - Ramp-up performance For personal use only Processing Plant availability Lithia recovery 485 kdmt 91% 52% Processed from 31 July 2024 to October 2024 month average October 2024 month average 31 October 2024 Spodumene Concentrat
Slide 28: Strategic partnership: Financial strength and optionality
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES Strategic partnership: Financial strength and optionality Expanded strategic partnership with foundational customer LG Energy Solution secured Kathleen Valley ramp-up, For personal use only with collaboration on future value-maximising opportuniti
Slide 29: Adapting quickly to the low-price environment
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES Adapting quickly to the low-price environment Kathleen Valley’s Tier-1 resource and operation provide optionality to adapt to changing market conditions, positioning Liontown for long- For personal use only term success Revised mine plan designed
Slide 30: Delivering long-term value to shareholders
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES Delivering long-term value to shareholders For personal use only • Kathleen Valley’s tier-1 resource, jurisdiction and customers provide basis to adapt to prevailing market Asset Quality conditions • Well positioned on the cost curve • Delivered
Slide 31: Video Highlights
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES Video Highlights For personal use only Watch online: https://www.youtube.com/watch?v=uf5_FsP8xjc 27
Slide 32: Questions
For personal use only Questions liontown-resources-limited @LiontownRes Liontown Resources @LiontownRes ltresources.com.au/#subscribe
Slide 33: For more information
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES For personal use only For more information: Leanne Kite Investor Relations Liontown Resources lkite@ltresources.com.au +61 401 438 850 Level 2, 32 Ord Street, West Perth WA 6005 22 ABNNovember 2022 39 118 153 825 ASX:LTR ASX : LTR ltresources.com.
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