Slide 1: Infinity Lithium June 2023
For personal use only INFINITY LITHIUM JUNE 2023
Slide 2: Disclaimer: Cautionary Statement
For personal use only INFINITY LITHIUM DISCLAIMER Cautionary Statement The Scoping Study referred to in this announcement has b een undert aken to assess the vi abilit y of an underground-only mining operation and int egrat ed lithium chemical production fac ility at the San Jos é Lithium Project. I
Slide 3: Disclaimer: For Consideration
For personal use only INFINITY LITHIUM DISCLAIMER For Consideration This presentation has been prepared by Infinity Lithium Corporation Limited “Infinity Lithium”. This document contains backgr ound information about Infinity Lithium current at the date of this presentation. The presentation is in s
Slide 4: Corporate Information and Snapshot: San José Lithium Project
For personal use only INFINITY LITHIUM CORPORATE INFORMATION (ASX:INF) SNAPSHOT: SAN JOSÉ LITHIUM PROJECT Sha res on issue ~ 462.6m Options, SARS ~ 52.7m Maintaining Momentum: recent permitting milestones Sha re price (1) A$0.11 • Expl oration Permit granted: ASX a nnouncement 29 Ma rch 2023 Ma rket
Slide 5: Infinity Lithium's Strategy
For personal use only INFINITY LITHIUM INFINITY LITHIUM’S STRATEGY A fully integrated project with renewed government support Renewed interest in INF’s holistic value proposition following permitting success ▪ Infinity is now in a position to accelerate their on-ground developments ▪ Updated studies
Slide 6: Strategic Highlights
For personal use only INFINITY LITHIUM STRATEGIC HIGHLIGHTS ▪ 111.3Mt a t 0.61% Li 2O (1,000ppm cut-off) for 1.6Mt of LCE – 2nd largest hard rock lithium deposit in the EU Globally Significant ▪ Ful ly i ntegrated, l ithium chemical processing facility to be built on s ite to facilitate ~ 19.5ktpa A
Slide 7: Project Highlights
For personal use only INFINITY LITHIUM PROJECT HIGHLIGHTS
Slide 8: 2nd Largest Hard Rock EU Deposit
For personal use only INFINITY LITHIUM 2nd LARGEST HARD ROCK EU DEPOSIT JORC Table 1 included in an announcement to the ASX released on 23 May 2018 “Lithium Resource and Open Pit Upgrade”. Infinity is not aware of any new information or data that materially affects the information included in this A
Slide 9: Resource and Production Profile
For personal use only INFINITY LITHIUM RESOURCE AND PRODUCTION PROFILE Modelled Resource – historical intersects & Modelled Production – Underground, ROM 2mtpa: potential depth extension: ▪ Pre-production development ~2 years ▪ Ramp up production ~2 years ▪ Long Life Project: LOM 26 years Refer to A
Slide 10: Energy, Processing and Offtake Partners; Technical Advisory Committee
For personal use only INFINITY LITHIUM ENERGY, PROCESSING AND OFFTAKE TECHNICAL ADVISORY COMMITTEE (TAC) PARTNERS World leading expertise ▪ Binding MoU signed with energy consortium • Highly credentialled team comprising of leading Extremadura company & • Extensive industrial chemical engineering ex
Slide 11: Scoping Study Project Highlights
For personal use only INFINITY LITHIUM SCOPING STUDY PROJECT HIGHLIGHTS (Revert to Cautionary Statement on Slide 2) Robust economics substantiating San Jose’s underground mining operation Annual Production of lithium hydroxide1 19,480t/y LOM 26 years NPV₁₀ Pre-tax US$811M IRR Pre-tax 25.7% Pri ce LO
Slide 12: Permitting
For personal use only INFINITY LITHIUM PERMITTING
Slide 13: Permitting: Timeline
For personal use only INFINITY LITHIUM PERMITTING: TIMELINE ▪ Infinity can now be the recipient of an accelerated approvals process given the jurisdictional significance of the asset and social support ▪ The ECA includes the Mining License Application where final lodgment will be aligned to regulato
Slide 14: Permitting Status
For personal use only INFINITY LITHIUM PERMITTING STATUS: E plora on ermit E tremadura S E Granted Application San Jos Lithium eposit Permit PESE Government response received E plora on ermit E tremadura S E EIA Scoping Document
Slide 15: Permitting Gamechanger: European and Regional Focus
For personal use only INFINITY LITHIUM PERMITTING GAMECHANGER: EUROPEAN & REGIONAL FOCUS Critical Raw Materials Act Lithium Decree Law Application to be recognised as Application to be recognised as Projects Status Strategic Projects projects of regional and public interest Permitting timeframe: 21
Slide 16: Community Support: San José Poll and Workforce Highlights
For personal use only INFINITY LITHIUM COMMUNITY SUPPORT: SAN JOSÉ POLL & WORKFORCE HIGHLIGHTS ▪ Recent polling on the San Jose asset highlights the community support and positive social license Infinity possesses ▪ Infinity is committed to generating long term skilled labour for the region 70% deem
Slide 17: Geo-Strategic Importance
For personal use only INFINITY LITHIUM GEO-STRATEGIC IMPORTANCE Abundance of current and emerging European battery factories: Robust demand outlook: ▪ Strong EU demand and pricing outlook for battery grade for lithium chemicals EU 2030 >1Mt LCE (1) ▪ Ramping up efforts for strategic autonomy ▪ Geopo
Slide 18: ESG: Sustainability
For personal use only INFINITY LITHIUM ESG: SUSTAINABILITY Underground extraction of No shipping of plant feedstock: feedstock – no disturbance resource & conversion plant on site no to surface carbon footprint from transport Underground paste infill & Close to EU end markets: dry stack tailings fac
Slide 19: Roadmap Forward
For personal use only INFINITY LITHIUM ROADMAP FORWARD
Slide 20: Roadmap Forward
For personal use only INFINITY LITHIUM ROADMAP FORWARD ▪ The three key milestones Infinity Lithium seeks to achieve to further validate the Company and the asset are underpinned by: 1. Binding blue chip 2. On-going regulatory support prior 3. Updated mining studies to highlight the partner validatio
Slide 21: Thank You
For personal use only INFINITY LITHIUM THANK YOU Ryan Parkin - Managing Director & CEO rparkin@infinitylithium.com Justin Samulski – General Manager Commercial jsamulski@infinitylithium.com Approved for release by the Board
Slide 22: Appendix 1: Global Demand Forecasts Based on LIB Manufacturing Capacity
For personal use only INFINITY LITHIUM APPENDIX 1: GLOBAL DEMAND FORECASTS BASED ON LIB MANUFACTURING CAPACITY European gigafactories represent 1,107GWWh (2030) Total Global Estimated Demand: Cons ervative utilisation / scrap ra tes. Ti er 1 uti lisation <90% Es ti mated Demand: 2.9Mt LCE 1,030kt LC
Slide 23: Appendix cont/: Global Demand Forecasts Based on LIB Manufacturing Capacity
For personal use only INFINITY LITHIUM APPENDIX 1 cont/: GLOBAL DEMAND FORECASTS BASED ON LIB MANUFACTURING CAPACITY “A Battery Raw Material Cliff Edge Is On The Horizon Before 2030” EU 2030 1Mt LCE (2) Lithium Supply Balance: Benchmark Mineral Intelligence (1) 1. Benchmark Mineral Intelligence: Bat