Core Lithium Ltd · ASX:CXO
Core Lithium — Investor Presentation (April 2020)
24 slides from Core Lithium's investor presentation, Apr 7, 2020
Slide 1: Front of the Line New Lithium Production
For personal use only Front of the Line New Lithium Production 7 April 2020 Non-Deal Investor Presentation
Slide 2: Important and cautionary notes
Important and cautionary notes For personal use only The information in this release that relates to metallurgy and metallurgical test work has been reviewed by Mr Noel O’Brien, The mineral tenements of the Company as described in this presentation are at various stages of exploration, and potential
Slide 3: Important and cautionary notes
Important and cautionary notes For personal use only Competent Person Statements: information is developed based on assumptions about such risks, uncertainties and other factors set out herein, including The Mineral Resources and Ore Reserves underpinning the Production Target have been prepared by
Slide 4: Australia's next lithium producer
Australia’s next lithium producer For personal use only Core at the front of the line of new global lithium production Regulatory approvals now in place to commence construction and operation of the Finniss Lithium Project Highlights: - Strong update to Feasibility Study later this Quarter - Advanci
Slide 5: Finniss Lithium Project - Key Advantages
Finniss Lithium Project - Key Advantages For personal use only Core is developing one of Australia most capital-efficient and low-cost lithium projects • High-grade lithium Resources • High lithium recovery +70% • Simple DMS processing (no flotation) • Significantly decreases capex, finance cost, ri
Slide 6: Medium and long-term lithium demand increasing
Medium and long-term lithium demand increasing For personal use only Lithium converters and battery and car manufacturers positioning for significant EV sales growth Lithium Market Balance (tonnes LCE) Source: Benchmark Mineral Intelligence (Q4 2019) Medium- and long-term demand fundamentals 6 outwe
Slide 7: Core Lithium and the Finniss Lithium Project
Core Lithium and the Finniss Lithium Project For personal use only ASX Listed developer with advanced lithium assets 25km from Darwin Port in Northern Australia • World demand for lithium batteries and EV’s continues to grow YoY • 300% lithium demand increase 2020 to 2025 • The Finniss Lithium Proje
Slide 8: NT Government approvals received for Finniss Lithium Project
NT Government approvals received for Finniss Lithium Project For personal use only Approval milestones 2018 Mineral Lease granted for Finniss Lithium project & key infrastructure 2019 Supplementary Environmental Impact Study (EIS) submitted 2019 - 2020 Submission & Approval of EIS & Mine Management
Slide 9: Definitive Feasibility Study (DFS) - April 2019
Definitive Feasibility Study (DFS) - April 2019 For personal use only DFS was a snapshot in time - Finniss Lithium Project continues to evolve and grow • DFS confirmed Finniss Lithium Project as robust, high-margin Management Case Highlights low-capex, lithium project • 175,000tpa production capacit
Slide 10: Mid-2020 Feasibility Update Objectives
Mid-2020 Feasibility Update Objectives For personal use only Feasibility Update Objectives Key Feasibility Metric Apr-19 DFS DFS Update Objectives Ore Reserves 2.2Mt Significant Increase Project Mine Life 3.5 years 7 to 10 year target Mining Method Open Pit Open Pit & Underground Concentrate Product
Slide 11: Corporate information
Corporate information For personal use only Share Price Performance Last Twelve Months Capital Structure (as at 3 April 2020) $0.06 30m Share Price ~A$0.034 $0.05 25m Shares on Issue 792.52M $0.04 20m Market Capitalisation ~A$27M $0.03 15m Options and Rights Unlisted 72.82M $0.02 10m Cash (31 Dec 20
Slide 12: Prime location and valuable infrastructure available
Prime location and valuable infrastructure For personal use only available N Aerial view of Darwin, the Port of Darwin and the Grants Lithium development Excellent location & infrastructure advantages 12
Slide 13: Darwin Port Heads of Agreement
Darwin Port For personal use only Heads of Agreement Core has agreement with Darwin Port to ship 250,000tpa of spodumene concentrate Darwin Port is Australia’s nearest port to China East Arm Wharf facilities at Darwin Port are well suited to handle potential future production from Core’s lithium pro
Slide 14: Dense Media Separation (DMS) - no flotation circuit required
Dense Media Separation (DMS) - no flotation circuit required For personal use only DMS avoids problems of other new lithium Australian flotation projects burdened by high capex, large debt and high finance cost and high operating cost (refer appendix) ✓ Simple DMS (Gravity) separation produces high
Slide 15: High quality spodumene lithium concentrate
High quality spodumene lithium concentrate For personal use only Concentrate Quality Finniss Lithium Product Specifications Li2O concentrate 5.5-6.0% Net Recoveries +70% Finniss Lithium Project - Fully Permitted DMS Plant 15
Slide 16: Binding offtake agreement
Binding offtake agreement For personal use only Offtake and investment with some of China’s Largest Lithium Converters Binding offtake for 75,000tpa of spodumene representing approx. 40% of Core’s 175,000tpa production capacity Core is also in the process of negotiating further offtake and finance a
Slide 17: Mineral Resources & Ore Reserves expansion
Mineral Resources & Ore Reserves expansion Significant Upside For personal use only Current Project Pipeline Pipeline of high-grade lithium targets that formed the basis of recent resource drilling Current and Future Drilling Programs leading to multiple Mineral Resource and Ore Reserve increases in
Slide 18: Mineral Resources & Ore Reserves expansion: BP33
Mineral Resources & Ore Reserves expansion BP33 For personal use only Drilling programs leading to Mineral Resource and Ore Reserve increases in 2020 Thick intersections of high-grade spodumene pegmatite highlight consistent orebody quality Recent high-grade drill intersections beneath current Miner
Slide 19: Mineral Resources & Ore Reserves expansion: Carlton
Mineral Resources & Ore Reserves expansion Carlton For personal use only Drilling programs leading to Mineral Resource and Ore Reserve increases in 2020 Wide intersections of spodumene pegmatite from recent drillholes at the Carlton Prospect Recent high-grade drill intersections beneath current Mine
Slide 20: Mineral Resources & Ore Reserves expansion: Mine Life
Mineral Resources & Ore Reserves expansion Mine Life For personal use only Mine studies and Mineral Resource / Ore Reserve upgrades underway toward increasing mine life • DFS clearly showed that additional mine life has a significant upside economics • Core recently completed Mineral Resource and Or
Slide 21: Positioned at front of the line to be Australia's next lithium producer
Positioned at front of the line to be For personal use only Australia’s next lithium producer ✓ Regulatory approvals in place to commence construction & operation of the Finniss Lithium Project ✓ Strong Update to Feasibility Study later this Quarter ✓ Advancing discussions with additional offtake an
Slide 22: Thank you
For personal use only Thank you For more information: Core Lithium Level 1, 366 King William Street, Adelaide Stephen Biggins: +618 8317 1700 Authorised for release by the Board of Core Lithium Ltd. For broker and media enquiries: Cannings Purple Warrick Hazeldine: +61 417 944 616 Andrew Rowell: +61
Slide 23: Appendix
For personal use only Appendix
Slide 24: Spodumene Concentrate Processing
Spodumene Concentrate Processing For personal use only 1 2 3 4 Classification & Wet Separation Flotation Grinding Crush & Screen Gravity Separation Crushing DMS HM Separation • Primary • HPGR Li Flotation • Ball • Secondary • Tertiary Filtration LIMS WHIMS Others Core Screening Filtration DMS + DMS