Slide 1: Paradox Lithium Project, USA – Investor Presentation
For personal use only PARADOX LITHIUM PROJECT, USA Investor Presentation – June 1, 2023 Anson Resources | ASX: ASN
Slide 2: Disclaimer & Important Notice
DISCLAIMER & IMPORTANT NOTICE The information contained in this confidential document ("Presentation") has been prepared by Anson Resources Limited (the "Company"). It has not been fully For personal use only verified and is subject to material updating, revision and further amendment. The Informati
Slide 3: Clean Lithium: Game Changing
CLEAN LITHIUM: GAME CHANGING ANSON’'S DIRECT LITHIUM EXTRACTION TECHNOLOGY IS GAME CHANGING Lithium can now be produced with: PRODUCTION OF HIGHER PURITY >99.95% Li2CO3” Longer life battery Rl Purity 2 High Purity >99.95% “Lessemissions Less water Less waste Less chemicals ee > 5 6 LESS WATER CONSUM
Slide 4: Paradox Lithium Project, Utah USA
PARADOX LITHIUM PROJECT a USA UTAH Utah 7 Anson Resources Ltd, via subsidiary A1 Lithium Inc, 2ts developing the Paradox Lithium Project in Utah, USA renters Salt Lake City SALT LAKE \ Heber TAH we Vernal UIN Prov SISK __ Duchesne DESERT / Nephi \/ 60km SEVIER Ji price DESERT ) Ye Det / / wean \ \Gu
Slide 5: Corporate Snapshot
CORPORATE SNAPSHOT SHARE PERFORMANCE (12mo) For personal use only 100 0.45 90 0.4 80 A$ Share Price 0.35 Volume (Millions) 70 0.3 60 0.25 50 0.2 40 30 0.15 20 0.1 10 0.05 0 0 10/21 11/21 12/21 01/22 02/22 03/22 04/22 05/22 06/22 07/22 08/22 09/22 10/22 11/22 12/22 01/23 02/23 Volume ASN Share Price
Slide 6: Experienced Board & Executive Team
EXPERIENCED BOARD & EXECUTIVE TEAM Bruce Richardson, f= BA (Hons) Executive reo eaiman and CEO Proven track record of 13 years in exploration, mining and production in public and private companies. Dover 30 years of international business experience. Raised over $170 million of (investment for minin
Slide 7: Sunresin: Commercially Proven
SUNRESIN: COMMERCIALLY PROVEN First DLE First commercial Commences 5 projects Completes DFS Pro} Pp © Pilot plant DLE plant cooperation Po 32k tpa lithium with Sunresin with Sunresin Commercially proven technology =s Driving the innovation ~ Commercial production since 2018 UNRESIN 7 Projects 32k tp
Slide 8: Anson's Paradox Project: DLE Process
ANSON'S PARADOX PROJECT: a> = o @ r:) r) (@) WD. excnarge tates )ithium ions from Lithium he brine by trading rich brine Remove minor Evaporated, hem for ions from traces of precipitated, —he resin @ elements like and dried to magnesium produce lithium and boron carbonate “—> \ C t a \ S) “hi Lithiu
Slide 9: Paradox Project – Compelling Position Amongst DLE Peers
PARADOX PROJECT – COMPELLING POSITION AMONGST DLE PEERS ü Advanced Development Stage – DFS Complete ü Bromine & Boron co-product upside For personal use only ü Proven Technology Partner ü Tier 1 Location Production / Construction Lanke Zangge Jintai Tibet Yiwei Eramet/ Anson Vulcan Standard Lake Con
Slide 10: Paradox Geology & Mineralisation
PARADOX GEOLOGY & MINERALISATION The Paradox Basin is located within a mature Oil & Gas district providing Anson access to existing well infrastructure and valuable historic data. The Paradox Basin consists of various formations which host large volumes of brines rich in For personal use only Lithiu
Slide 11: Paradox Lithium and Bromine Resource
PARADOX LITHIUM AND BROMINE RESOURCE Brine Grade (ppm) Contained (‘000 t) Formation Clastic Zone Category (Mt) For personal use only Li Br Li2CO3 Br2 Indicated 47 173 3,054 44 144 Paradox Formation – CZ31 31 Inferred 77 182 2,543 74 195 CZ31 Resource 124 178 2,723 118 339 Paradox Formation Other 17,
Slide 12: Resource Expansion – Western Strategy
RESOURCE EXPANSION – WESTERN STRATEGY For personal use only The successful execution of the Western Strategy will support future increases in Lithium Carbonate production. 550% increase in JORC lithium resource (over PEA) to >1Mt LCE delivered from Eastern Strategy. Mineral Western Resource Expansio
Slide 13: Paradox Lithium Project: Phase 1 DFS Highlights
PARADOX LITHIUM PROJECT: PHASE 1 DFS HIGHLIGHTS For personal use only Production Life Total Revenue 13,074 tpa (Y1-10) 23 years US$ 5,080 m Additional Upside Value • Revenue from valuable by-products (Boron) has not been included in the economic analysis IRR CAPEX Annual EBITDA2 • DFS excludes subse
Slide 14: Operating at Low-End of Cost Curve
OPERATING AT LOW-END OF COST CURVE For personal use only Global Lithium Carbonate C1 Cost Curve (2025)1,2 Paradox Lithium Project DFS2 Years 1-10 1 – Source: Benchmark Minerals Intelligence (Q2 2022) Lithium Quarterly report. 2 – Paradox Lithium Project DFS production cost position on the global lit
Slide 15: Capital Cost Estimate
CAPITAL COST ESTIMATE For personal use only Capital Item US$m • The capital cost estimate includes direct, indirect costs, freight, professional services, taxes and Direct Capital Costs 275.2 contingency. Indirect Capital Costs 126.0 • The DLE plant will be supplied and commissioned by Sunresin, Ans
Slide 16: Operating Cost Estimate
OPERATING COST ESTIMATE For personal use only Lithium Carbonate Year 1-10 Production Production (13ktpa) Item US$ per tonne LCE • Operating cost estimates include brine extraction, Raw materials 1,188 processing and production of battery grade lithium Freight on raw materials 95 carbonate. Electrici
Slide 17: Mine Plan & Project Infrastructure
MINE PLAN & PROJECT INFRASTRUCTURE For personal use only Permitted production wells planned at Long Canyon to extract brine1 Early site works for two production pads completed2 Eluate Concentration Lithium Brine transport pipeline to use existing corridors / Precipitation Membrane – Impurity Removal
Slide 18: Anson's Funding Strategy
ANSON’S FUNDING STRATEGY For personal use only • Appointed BurnVoir Corporate Finance as financial adviser • Strong initial interest from leading international banks, export credit agencies Debt and credit funds • Engagement commenced with US Department of Energy Loan Programs Office Phase 1 DFS Pro
Slide 19: For personal use only
For personal use only 19 Anson Resources | ASX: ASN
Slide 20: Green River – Key Attractions
GREEN RIVER – KEY ATTRACTIONS For personal use only The Green River Project includes historic oil & gas wells, drilled into the thick Mississippian units. • Infrastructure already in place – existing rail & road access and utilities abutting project area. • Surveys commenced in preparation for Notic
Slide 21: Inflation Reduction Act Overview
ANSON: US government policy is to onshore the lithium _2>supply chain to North America. Cc O Subsidies are available to Anson to help us build ) the future clean US industry for the electrification Y/ of the US. u — Subsidies are available to Anson to help us build the future clean US industry for t
Slide 22: For personal use only
For personal use only Anson Resources | ASX: ASN
Slide 23: Western Strategy and Green River Drilling Could Triple Resource
ANSON’S PARADOX PROJECT: _>Western strategy and Green River drilling Cprogram targets have the potential to increase Oresource three fold 1M Western Strategy Exploration Target* For personal use 1MT 1M Paradox JORC Resource Paradox JORC Resource ver xploration target* 1 Western Strategy Exploration
Slide 24: Thank You
For personal use only THANK YOU +61 7 3132 7990 info@ansonresources.com www.ansonresources.com Suite 3, Level 3 10 Eagle Street, Brisbane, QLD 4000 Anson Resources | ASX: ASN
Slide 25: Competent Person's Statement
COMPETENT PERSON’S STATEMENT For personal use only Competent Person’s Statement 1: The information in this presentation that relates to exploration results, exploration targets and geology is based on information compiled and/or reviewed by Mr Greg Knox, a member in good standing of the Australasian
Slide 26: Appendix – Peer Table References
APPENDIX – PEER TABLE REFERENCES Company Production Target (LCE) Source For personal use only https://s22.q4cdn.com/453302215/files/doc_presentations/2023/02/Livent-BMO-Investor- Livent 50kpta Presentation.pdf https://www.seplite.com/sunresin-minmetal-s-lithium-carbonate-project-passes-project- Lank