Galan Lithium Limited · ASX:GLN
Galan Lithium — Investor Presentation (December 2019)
22 slides from Galan Lithium's investor presentation, December 2019
Slide 1: New High-Grade Lithium Brine Discovery in South America's Lithium Triangle
NEW HIGH-GRADE LITHIUM BRINE DISCOVERY IN SOUTH AMERICA’S LITHIUM TRIANGLE December 2019 ASX:GLN
Slide 2: Disclaimer and Important Information
DISCLAIMER AND IMPORTANT INFORMATION
Slide 3: Galan Lithium Limited Investment Foundations
GALAN LITHIUM LIMITED INVESTMENT FOUNDATIONS. ✓ ✓ ✓ ✓ ✓ ✓ ✓ ▪ ▪
Slide 4: A Significant Investment Opportunity – The Right Place
A SIGNIFICANT INVESTMENT OPPORTUNITY – THE RIGHT PLACE.
Slide 5: Cost Curve – Lithium Supply Fundamentals
COST CURVE – LITHIUM SUPPY FUNDAMENTALS Source: CRU
Slide 6: South American Brines – Simplified Model
SOUTH AMERICAN BRINES – SIMPLIFIED MODEL Strong Competitive Advantage to Produce Lithium Carbonate at ~USD6/kg LCE (Capex included) SC: Spodumene concentrate LC :lithium carbonate LH: Lithium hydroxide Source: iLi Markets
Slide 7: …and Remains Competitive
…and, REMAINS COMPETITIVE Even when producing Lithium Hydroxide at ~USD8/kg LCE (Capex included) SC: Spodumene concentrate LC :lithium carbonate LH: Lithium hydroxide Source: iLi Markets
Slide 8: Galan - Placed Among the Best Projects in Argentina
GALAN - PLACED AMONG THE BEST PROJECTS IN ARGENTINA High grade/Low impurity brines setting SC: Spodumene concentrate LC :lithium carbonate LH: Lithium hydroxide Source: iLi Markets Nb: No resources figures publicly available for Livent’s Fenix operation
Slide 9: Impurities – Project Comparisons
IMPURITIES – PROJECT COMPARISONS OPEX US$/t Argosy - Rincon Zhabuye (China): $5,500 Rincon (AGY): $4,645 (PEA est.) Silver Peak (USA): $4,500 Olaroz (Arg.): $4,200 Hombre Muerto (Arg.) Fenix: $3,500 Sal de Vida: $3,144 (PEA est.) Atacama (Chile): $2,000 Source: Neo Lithium Corp. & other company repo
Slide 10: Corporate Structure
CORPORATE STRUCTURE Capital Structure Shares 157,901,408 Unquoted Options 23,941,178 Options exercisable $0.14, 31 Dec. 2019 5,350,000 Options exercisable $0.60, 31 Aug. 2020 4,000,000 Options exercisable $0.3438, 11 June 2021 5,555,469 Options exercisable $0.25, 31 Aug 2020 150,000 Options exercisa
Slide 11: Highly Experienced Board
HIGHLY EXPERIENCED BOARD A civil industrial engineer Mr Jimenez has worked for world leader in the lithium industry Sociedad Química y Minera de Chile (NYSE:SQM, Santiago Stock Exchange: SQM-A, SQM-B) for 28 years based in Santiago, Chile. His last position was as Vice President of Sales of Lithium,
Slide 12: Hombre Muerto: Tier Location Worldwide for Li Brines
HOMBRE MUERTO: TIER 1 LOCATION WORLDWIDE FOR Li Northern Sal de Vida Market Cap: ~US$16bn BRINES Fenix Operation Market Cap: ~US$1.1bn Sal de Vida Market Cap: ~A$415m Candelas project Market Cap: ~A$28m
Slide 13: Candelas Discovery Highlights
CANDELAS Discovery Highlights… DISCOVERY February2019 “Preliminary field measurements and laboratory analyses on brine suggests that the Candelas Project has the potential to become a Candelas Results (mg/l world-class soluble lithium Mg:Li Location Drillhole Li) deposit hosted in a unique C-01-19 1
Slide 14: Candelas Maiden Resource
CANDELAS MAIDEN RESOURCE CANDELAS NORTH ZONE 685kt LCE @ 672 mg/l Li Resource Li LCE K K KCI Category (mg/l) (t) (mg/l) (t) (t) CANDELAS NORTH Indicated 496 888,020 5,193 1,734,090 3,306,900 CANDELAS CENTRAL Inferred 130 270,600 2,024 846,170 1,613,640 nb; Reported at zero cut-off grade
Slide 15: Western Basin Projects
WESTERN BASIN PROJECTS Resistivity surveys show similar readings to Candelas channel for Li Brine + Several areas covering margins of the Hombre Muerto salar, includes alluvial fan covered salar targets + Recent resistivity surveys completed over 4 new targets at Hombre Muerto salar; + Initial near
Slide 16: Western Basin Projects Pata Pila & Rana de Sal Discoveries
WESTERN BASIN PROJECTS PATA PILA & RANA DE SAL DISCOVERIES Sampling Sample From To S.G. Cond. Li Mg Mg/Li Method No. (m) (m) (mg/l) (mS/Cm2) mg/l mg/l Bailer 607 99 121 1.220 >200 938 1,338 1.43 Bailer 608 Failed Test Packer 609 254 301.5 1.222 >200 902 1,570 1.74 Packer 610 493 541 1.219 >200 902 1
Slide 17: ASX Company Comparisons
ASX COMPANY COMPARISONS LITHIUM BRINES COMPARATIVE TABLE (ASX Co.s) Company Resource Average grade Project Status Preferred LCE (mg/l Li) Processing Route GLN 685kt 672 Maiden JORC resource Under study, estimate completed/ second PFS commencing resource estimate underway AGY 245kt 325 PEA completed,
Slide 18: Achievements and Indicative Next Steps
ACHIEVEMENTS AND INDICATIVE NEXT STEPS ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
Slide 19: Achievements and Indicative Next Steps
ACHIEVEMENTS AND INDICATIVE NEXT STEPS Tasks CY 2018 CY 2019 CY 2020 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 CANDELAS Geophysics & mapping Drilling Permits Drilling JORC Resource Pre-Feasibility Study Pilot Plant WESTERN TENEMENTS Drilling Permits Drilling JORC Resource
Slide 20: Argentina – A Pro-Mining & Investment Destination
ARGENTINA – A PRO-MINING & INVESTMENT DESTINATION From left to right and attending the 2019 IMARC conference in Melbourne: Mr. Raul Jalil (newly elected Governor of Catamarca), Ms Lucia Corpacci (current Governor of Catamarca), GLN’s Managing Director Mr. JP Vargas de la Vega and the Mines Minister
Slide 21: Galan Lithium Limited Investment Foundations
GALAN LITHIUM LIMITED INVESTMENT FOUNDATIONS ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
Slide 22: Fast Tracking to Lithium Carbonate Production in South America's Lithium Triangle
FAST TRACKING TO LITHIUM CARBONATE PRODUCTION IN SOUTH AMERICA’S LITHIUM TRIANGLE Level 2, 38 Richardson Street, West Perth, WA 6005 PO Box 396, West Perth, WA, 6872 Ph. +61 8 9322 6283 Fax. +61 8 9322 6398 www.galanlithium.com.au ASX:GLN
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