Noa Lithium Brines Inc · TSXV:NOAL
Noa Lithium Brines — Investor Presentation (March 2023)
39 slides from Noa Lithium Brines's investor presentation, March 2023
Slide 1: The newest player in the Lithium Triangle
The newest player in the Lithium Triangle, aggressively moving towards development NOAL.TSX-V MARCH 2023
Slide 2: Disclaimer
DISCLAIMER The information in this presentation includes certain “forward- looking statements” under applicable Canadian securities legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unk
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS >> Lithium supply / demand fundamentals extremely strong for next decade+ >> Lithium brine operations – highest-grade, lowest cost operations in the world >> The Lithium Triangle – home to all NOA’s projects, holds +50% of world’s current lithium resources [incl. Livent, Allkem
Slide 4: A Team with Deep Mining Experience
A TEAM WITH DEEP MINING EXPERIENCE FROM EXPLORATION TO PRODUCTION… WITH A FOCUS IN LATIN AMERICA 4
Slide 5: Board & Founders
BOARD & FOUNDERS >> Hernán Miguel Zaballa, Chairman >> John Miniotis, Director Argentina-based mining lawyer, 30+ years ~20 years experience in mining with a focus on mergers & acquisitions, equity capital markets, investor relations and corporate finance. Was local board member of Barrick, Pan Amer
Slide 6: The Place to Be for Lithium
PERU BOLIVIA Antofagasta port Antofagasta Port THE PLACE TO BE Río Grande Salar FOR LITHIUM LITHIUM Salinas Grandes Salar TRIANGLE >> The Lithium Triangle hosts more than half of the Salinas Grandes world's lithium resources & +20% of the total Arizaro Salar PARAGUAY can be found in Argentina >> Sal
Slide 7: US$9.3 billion in mining investment in Argentina announced
In 2020 and 2021, US$9.3 billion in mining investment in Argentina were announced: 35% >> 94.5% for to construction and MINING INVESTMENT expansion projects IN ARGENTINA US$9.3 BILLION >> Lithium projects account for almost 35% of total investment 7
Slide 8: Investment by Province
INVESTMENT BY PROVINCE Ranking of investment announcements by province Distribution of lithium projects by province (millions US$ for 2020-21) Catamarca 1,244 Salta 2,466 41% 37% 22% San Juan 5,182 Jujuy 420 Salta Jujuy Catamarca Source: “Overview of the mining sector in Argentina. Investment announ
Slide 9: Fraser Institute Annual Survey: Salta ranking
According to the latest FRASER INSTITUTE “Annual Survey of Mining Companies”, Salta is: The 2nd most attractive Latin 1st rank for Policy Ranked 27th best American jurisdiction for Perception in Latin jurisdiction worldwide – mining investment America - top quartile within top 30% (1st is San Juan,
Slide 10: NOA – A Key Player in Lithium Country
NOA – A KEY PLAYER IN LITHIUM COUNTRY Salinas Grandes (9k ha) Arizaro (44k ha) Rio Grande (43k ha) 50 km 10 +100k ha holdings & major positions on 3 salars
Slide 11: Recent Precedent Pre-Resource Sale
RECENT PRECEDENT PRE-RESOURCE SALE July 2022 - Jinyuan buys 4,500 ha for US$27M in NW Argentina (US$6,000/ha) No resource on claims, few samples taken About 120km SE of NOA’s Rio Grande Claims cover a very small lagoon (900 ha) 11
Slide 12: Lithium Brine Exploration Trends
LITHIUM BRINE EXPLORATION TRENDS >> lithium brine exploration only ~20-25 years old >> higher lithium prices + new technologies (esp. geophysics) have changed exploration model – companies now looking beyond surface salar & much deeper than 100m >> alluvial fans - package of sediments above the sala
Slide 13: Examples
EXAMPLES Arena Minerals Galan Lithium Argosy Minerals Hole R03 in Pastos Grandes Basin All claims in HMW basin Claims at Rincon salar • 90m (90-180m) avg’ing 538 mg/L Li ~$500M market cap ~1$BM market cap • 255m (365-620m) avg’ing 641 mg/L Li 6Mt LCE resource ~300kt LCE resource 13
Slide 14: Río Grande Mining Properties
RÍO GRANDE Mining Properties Salar de Río Grande Los Andes - Salta - Argentina References Mining Property Property under concession process. Subject to surface reduction 1. Arizaro I Tenement ID 21.949 Area 3.430 Ha 2. Sulfa X Tenement ID 19.730 Area 821 Ha 3. Yacones RG 03 Tenement ID 765.649 Area
Slide 15: Río Grande Highlights
RÍO GRANDE HIGHLIGHTS >> 43,000 ha in and around the salar; 2nd largest position after Pluspetrol >> Next to Pluspetrol's (formerly LSC) already explored project >> NI 43-101 report by LSC in 2018: >> LSC Resource ~ 2.2 Mt @ 370 mg/l only up to top 100m (covering ~14k ha) >> Geoelectric studies, sur
Slide 16: Río Grande Significant Exploration Upside
RÍO GRANDE SIGNIFICANT EXPLORATION UPSIDE *Comments From LSC's (Pluspetrol) Technical Report Prospective areas at the Río Grande salar include north, central (depth), south and southeast – all areas where NOA has claims: >> Alluvial fans (northern region) >> Recharge area (northwestern region) >> Ev
Slide 17: Río Grande Sampling / Drilling
Mining Properties RÍO GRANDE Salar de Río Grande Salta - Argentina SAMPLING / DRILLING References NOA projects *From LSC's (Pluspetrol) N43-101 Report LSC projects >> Several of the prospective 2017 - Twin Holes surface and diamond drill hole 2011 - ADY Drill Hole samples analyzed in LSC's Packer Sa
Slide 18: Río Grande CSAMT Results
RÍO GRANDE CSAMT RESULTS *From LSC's (Pluspetrol) N43-101 Report >> Using CSAMT (conductivity), two large areas were defined that could contain deep depositional centers that are open >500 m >> The depositional centers are more conductive = more brine potential = good Li potential 18
Slide 19: Río Grande Ongoing Exploration by NOA
RÍO GRANDE ONGOING EXPLORATION BY NOA NOA Lithium Brines Prospecting Rio Grande Project Sampling Railroad Station Railroad Network VES Roads Mining Properties 19 National/ Provincial Roads Rio Grande Camp Province Limits
Slide 20: Río Grande NOA Geophysics (VES) & Sampling
RÍO GRANDE NOA GEOPHYSICS (VES) & SAMPLING >> Surface samples with strong Li values, in-line with adjacent properties’ results (350 mg/l) >> Brine close to the surface in the properties within the salar >> North & northeast properties with brine potential deeper than in salar >> Basement depth assum
Slide 21: Río Grande VES Results
RÍO GRANDE VES RESULTS SEDIMENTS FRESH FRESH + BRINE WATER BRINE MIX >> Potential brine-saturated zone identified over 1.5 km at 300m depth on NOA Claim #2 (north & outside of salar) 21
Slide 22: Río Grande VES Results
RÍO GRANDE VES RESULTS SEDIMENTS BRINE >> Entirely brine-saturated zone over 1.9 km from surface to +300m depth on NOA Claim #11 (west edge / outside of salar) 22
Slide 23: Río Grande Exploration Potential
RÍO GRANDE EXPLORATION POTENTIAL >> Drilling + geophysics + geomorphology allows used for initial estimation of high-potential areas >> Blue areas are “confirmed potential” - in the salar core, sitting inside an existing resource) [2k ha] >> Pink areas are high potential in broader salar (alluvials)
Slide 24: Río Grande Drill & Development Plan
RÍO GRANDE DRILL & DEVELOPMENT PLAN Program includes: >> ~3,000 metres of diamond drilling, sampling core / brine (6 holes) >> drainable porosity laboratory tests (e.g., RBRC) >> brine samples for chemical analysis >> short-duration airlift tests for initial hydraulic properties 24
Slide 25: Arizaro Mining Properties
ARIZARO Mining Properties Salar de Arizaro Los Andes - Salta - Argentina References Mining Property Property under concession process. Subject to surface reduction 1. Francisco V Tenement ID 24.030 Area 3.495 Ha 2. Ming Tenement ID 21.053 Area 1.292 Ha 3. Alba X Tenement ID 23.033 Area 2.708 Ha 4. H
Slide 26: Arizaro Highlights
ARIZARO HIGHLIGHTS >> One of the least explored salars in Argentina; NOA has 44,000 ha at the salar >> Next to Lithium Chile’s already explored claims (w/ >500 mg/L Li at depth): Other companies on salar: Pluspetrol, Eramet, Tibet Summit, Hanaq >> Close to Arizaro railway station + good road access
Slide 27: Arizaro CSAMT Results
ARIZARO CSAMT RESULTS NOA claims CSAMT #3 Nov 2022 – 255m brine aquifer identified (343-598 m), grades up to 555 mg/L Li CSAMT #1 >> Lithium Chile drill results + CSAMT lines proximal to NOA indicate robust Li >300 m deep & indicate brines continue into alluvial zones east of salar 27
Slide 28: Arizaro 2D Resistivity Profile (CSAMT)
ARIZARO 2D RESISTIVITY PROFILE (CSAMT) 16 km Ohm-m Ohm-m 0.1 0.1 Drillhole AR-01 1.0 1.0 10 10 1 km 1000 1000 LINE 1 (W-E DIRECTION) LINE 3 (W-E DIRECTION) >> Lithium Chile CSAMT results, in combination with drill results, show good potential for more saline brines (higher conductivity) -- proximal
Slide 29: Salinas Grandes Mining Properties
SALINAS GRANDES Mining Properties Salinas Grande Salta - Argentina References Mining Property Property under concession process. Subject to surface reduction 1. Maria Sara Tenement ID 23.779 Area 980 Ha 2. María Paz Tenement ID 23.778 Area 840 Ha 3. Toy Tenement ID 23.688 Area 100 Ha 4. Salinita V T
Slide 30: Salinas Grandes Highlights
SALINAS GRANDES HIGHLIGHTS >> 9,200 ha in the alluvial and in salar >> Surrounded by properties already explored by Orocobre (later LSC and now Pluspetrol) >> NI 43-101 report by LSC in 2013 >> Excellent geophysics results in TEM and VES done by NOA >> Located by RN 40 and 25 km away from RN 52 (ful
Slide 31: Salinas Grandes VES Results by NOA
SALINAS GRANDES VES RESULTS BY NOA SEDIMENTS FRESH WATER BRINE FRESH + BRINE MIX >> Brine potential (yellow) at sub-300m depth both in the salar in the alluvial 31
Slide 32: Next Steps
NEXT STEPS >> Q1 2023: Begin drilling campaign at Rio Grande (~3,000m) >> 2023: Rio Grande – on-going drill, porosity, hydraulic testing + resource work; initiate Arizaro & Salinas exploration programs >> 2023 Estimated budget: ~C$6-7 million including work, property payments, etc. 32
Slide 33: Capital Structure
CAPITAL STRUCTURE *All financial figures in C$ Total Shares Out 92.1M Insider Ownership ~40% Warrants Out ($0.20, $0.50) 88.3M Warrants held by Insiders 60% Options Out 0.4M Market Cap [@ $0.30/sh] $27M Cash balance (Mar/23) ~$7M 33
Slide 34: Contact
CONTACT: Taj Singh, President & CEO 220 Bay St Suite 550, Toronto ON M5J 2W4 info@noalithium.com NOAL.TSX-V
Slide 35: Appendix
Appendix 35
Slide 36: Management & Advisors
MANAGEMENT & ADVISORS >> Taj Singh, President & CEO, Director (see Board slide) >> Simón Pérez Alsina, Founder / Advisor Specialist in mining law and mining projects management; >> Estanislao José Zaballa, Country Manager Local board member at Fortuna Silver (Mansfield Minerals) Lawyer by background
Slide 37: Supply / Demand Gap
SUPPLY / DEMAND GAP Demand Supply >USA: 50% of all new passenger cars and light >Benchmark Mineral Intelligence trucks sold in 2030 will be zero-emission estimates a 26,000-tonne shortage in vehicles 2022 and a 300,000- tonne shortage by 2030. >UK: will end the sale of new internal combustion cars a
Slide 38: Demand Growth
DEMAND GROWTH Cumulative lithium-ion battery demand for Forecast of growth in demand for main electric vehicle and energy storage applications materials used to produce energy storage (GW·H) (millions metric tonnes) 10,000 10 8,000 7.5 6,000 5 4,000 2,000 2.5 Copper Aluminum Lithium 0 0 2010 2020 20
Slide 39: Construction & Acquisitions
CONSTRUCTION & ACQUISITIONS Lithium Projects Investment in construction Lithium Projects Investment in acquisitions in Salta announced in 2022 (millions US$) in Salta announced in 2022 (millions US$) Posco - Sal de Oro project 831 1000 Ganfeng Lithium – Mariana project 800 580 600 Eramet - Centenari
NOA Lithium Brines — Investor Presentation (March 2023) on 6ix