Lithium Americas Corp. · NYSE:LAC
Lithium Americas — Investor Presentation (September 2018)
24 slides from Lithium Americas's investor presentation, September 2018
Slide 1: Investor Presentation September 2018
Lithium INVESTOR PRESENTATION SEPTEMBER 2018 \ Cauchari-Olaroz Project Jujuy, Argentiga
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT Technical Information Scientific and technical information in this presentation about the Cauchari-Olaroz Project and the Thacker Pass Project has been reviewed and approved by Rene LeBlanc, a qualified person under NI 43-101. Further information about the Cauchari-Olaroz Projec
Slide 3: Lithium Americas - Highlights
LITHIUM AMERICAS - HIGHLIGHTS Lithium Americas is advancing world-class lithium assets to | Vancouver Toronto production Thacker Pass e Strategic Partnership with Ganfeng Lithium Breno . .- . * Partnered with China’s largest vertically integrated LithiumAmericas lithium producer, Ganfeng Lithium, to
Slide 4: Capital Structure
CAPITAL STRUCTURE Lithium Americas commenced trading on NYSE under the symbol “LAC” in January 2018 Recent Share Price (TSX:LAC) $16.00 Symbol TSX / NYSE: LAC Shares a . Outstanding! 88.6 million $12.00 $ 52 Week Range C$4.58 - C$14.06 1S) LY ice2 8 $8.00 Share Price C$5.29 < Average Daily a a - ° V
Slide 5: The Senior Management Team
THE SENIOR MANAGEMENT TEAM Lithium Americas has assembled a complete team that is uniquely qualified to advance both projects Tom Hodgson, CEO 30+ years experience in senior management roles John Kanellitsas, Executive Vice Chairman 25+ years of business / finance experience LithiumAmericas Tom Hodg
Slide 6: Strategic Transaction with Ganfeng Lithium
STRATEGIC TRANSACTION WITH GANFENG LITHIUM GanfengLithium On August 13, 2018 Lithium Americas and Ganfeng Lithium announced a strategic transaction to jointly develop Cauchari-Olaroz! Increases LAC’s Project Interest Leverages Ganfeng’s Technical Expertise Improves Financing Flexibility Maintains Co
Slide 7: New Cauchari-Olaroz JV with Ganfeng Lithium
NEW CAUCHARI-OLAROZ JV WITH GANFENG LITHIUM ERR Lithium Americas and Ganfeng Lithium have agreed to a new strategic joint venture (JV) to develop and operate the Cauchari-Olaroz lithium project Senior Credit Facility ee Loin Funding Sources: S$205 million US$100 million 1 I sew LithiumAmericas Gianf
Slide 8: Cauchari-Olaroz Fully-Funded to Production
CAUCHARI-OLAROZ FULLY-FUNDED TO PRODUCTION Ganfeng Lithium and Bangchak have agreed to loan a total of US$305 million to Lithium Americas to fund development costs of Cauchari-Olaroz Senior Credit Facility Subordinated Loan Facility! Bangchak (US$80 million) Size US$205 million US$100 million ($5 mi
Slide 9: Cauchari-Olaroz Lithium Project
CAUCHARI-OLAROZ LITHIUM PROJECT Cauchari-Olaroz is located on an international highway with access to power, water and a large local labour force Located in Jujuy, Argentina + Large property package ~ 70,000 ha. + Close proximity to existing producers. Near excellent infrastructure + Natural gas pip
Slide 10: Cauchari-Olaroz Stage 1 Feasibility Study
CAUCHARI-OLAROZ STAGE 1 FEASIBILITY STUDY ERR Stage 1 DFS Results (100% basis) March 2017 Average annual production 25,000 tpa battery-grade Li,CO, Project life 40 years Proven & probable reserves 1.5 million tonnes LCE at 698 mg/L Li Construction capital costs US$425 million (before VAT) Operating
Slide 11: Cauchari-Olaroz Construction Schedule
CAUCHARI-OLAROZ CONSTRUCTION SCHEDULE ERR Commenced detailed engineering. Expansion of camp. Drilling campaign. Early works construction. Stage 2 construction Plant construction. commences. 2016 2018 2020 2017 Stage 1 development commenced. 2021 LAC and SQM enter a 50/50 JV oo Commissioning and firs
Slide 12: Thacker Pass Lithium Project
THACKER PASS LITHIUM PROJECT Advancing a low-cost and scalable lithium project to a construction decision in Nevada, USA LithiumNevaca ll Thacker Pass = 100% owned by Lithium Nevada Corp., a wholly owned subsidiary of Lithium Americas. Winnemucca i = Modern infrastructure. = Located near the mining
Slide 13: Thacker Pass Process Flowsheet
THACKER PASS PROCESS FLOWSHEET Thacker Pass PFS is designed to use conventional open-pit mining, sulfuric acid leaching and lithium processing to produce battery quality lithium carbonate Sulfuric Acid Plant Excess Sulfuric Acid 10 => = 2 —— i = a ae Electricity Quicklime & Soda Ash Sulfuric Acid |
Slide 14: Thacker Pass Pre-Feasibility Study
THACKER PASS PRE-FEASIBILITY STUDY Average annual production Mine life Proven & probable reserves Construction capital costs Operating costs Lithium carbonate price assumption Average EBITDA After-Tax Economics All figures on a 100% project equity basis unless otherwise noted. wap . TSX: LAC Lithium
Slide 15: Thacker Pass Development Schedule
THACKER PASS DEVELOPMENT SCHEDULE Updated resource estimate to 6 Mt LCE, the largest Li deposit in North America. Completed process testing. Completed. PFS. Initiated baseline surveys. Begin Phase 1 construction. Commissioning and Phase 1 production. 2017 | — 2019 2021 —_ ” _ 2020 2018 2022 Complete
Slide 16: Summary
SUMMARY ARGENTINA The next lithium producer from brine * Construction on track to reach production by 2020 * 2017 DFS supports production at low- end of cost curve (US$2,495/t) RISK MITIGATION STRATEGY Following a low-risk development approach * LAC is strongly committed to following a low-risk deve
Slide 17: Appendix
Slide 18: Lithium Price Performance
LITHIUM PRICE PERFORMANCE China spot lithium carbonate and hydroxide prices have fallen 52% and 25%, respectively, since the start of 2018, while western contract prices have continued to rise Lithium Price (US$/tonne) mms Orocobre mms SQM === Lithium Carbonate (China, >99.5%) == = Lithium Hydroxide
Slide 19: The Board of Directors
THE BOARD OF DIRECTORS Lithium Americas focus is on a low risk strategy to reach production and maximize shareholder value Board with diverse industry experience = Background in mining, finance, legal and construction. = Argentine directors - Gabriel Rubacha and Franco Mignacco - provide strong loca
Slide 20: Cauchari-Olaroz Stage 1 Opex & Capex
MiNZRA CAUCHARI-OLAROZ STAGE 1 OPEX & CAPEX EXMR Initial Capital Costs Operating Costs Indirect Costs Other $37 MM Evaporation 25% Labour Ponds $129 MM Infrastructure $82 MM $2,495/t Energy $425 MM tas Li,co, Contingenc Pond Reagents 55 MM Harvestin 40% = Li,CO, Plant 14% ° ° $121MM Note: Capital co
Slide 21: Thacker Pass Opex & Capex
THACKER PASS OPEX & CAPEX Initial Capital Costs Operating Costs Indirect Costs Lithium Sulfuric Acid Admin 17% Carbonate Plant 3.6% | 35% sas0n Qn Ree a $581M Phase 1 ° $2, pe 12% $478M Phase 2 $4,088/t Mine B $1,059M Total 5% before credits Electricity _— Delivery Lithium Sulfuric Acid Plant 0.4% P
Slide 22: Cost Curve (Excluding Royalties)
COST CURVE (EXCLUDING ROYALTIES) $12,000 $10,000 LithiumAmericas $8,000 3 as Thacker Pass 8 $6,000 < Cauchari-Olaroz 8 $4,000 S) andl Australia hardrock $2,000 Australia hardrock Chile/Argentina brines $- Oo 50 100 150 200 250 300 350 400 Cumulative Capacity (kt) Note: Excludes royalties Source: Lit
Slide 23: Lithium Resource and Reserve Summary
LITHIUM RESOURCE AND RESERVE SUMMARY Average Li Concentration Brine Volume (m%) (mg/L) Lithium Metal (t) LCE (O00 t) Cauchari-Olaroz (100% basis) Mineral Reserves - March 2017 Proven Reserves (Years 1-5)!23.4 4.9 x 107 712 35,159 187 Probable Reserves (Years 6-40) 3.5 x 108 695 246,474 1312 Mineral
Slide 24: Contact Information
Lithium CONTACT INFORMATION info@lithiumamericas.com 1150 - 355 Burrard Street ae Vancouver, BC V6C 2G8 bs a Canada Thacker Pass Project Nevada, USA
Lithium Americas — Investor Presentation (September 2018) on 6ix