Galan Lithium Limited · ASX:GLN
Galan Lithium — Investor Presentation (March 2022)
28 slides from Galan Lithium's investor presentation, March 2022
Slide 1: Developing High-Grade Lithium Brine Projects in Argentina
ASX:GLN FSX:9CH DEVELOPING HIGH-GRADE LITHIUM BRINE PROJECTS IN ARGENTINA March 2022
Slide 2: Disclaimer and Important Information
DISCLAIMER AND IMPORTANT INFORMATION
Slide 3: Disclaimer and Important Information
DISCLAIMER AND IMPORTANT INFORMATION Cautionary Statement The Preliminary Economic Assessments (PEA’s) are preliminary technical and economic studies (equivalent to a JORC Scoping Study) of the potential viability of the Hombre Muerto West (HMW) and Candelas Lithium Brine Projects, required to reach
Slide 4: Galan Lithium Limited Investment Foundations
GALAN LITHIUM LIMITED INVESTMENT FOUNDATIONS ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
Slide 5: A Significant Investment Opportunity – The Right Place
A SIGNIFICANT INVESTMENT OPPORTUNITY – THE RIGHT PLACE
Slide 6: Galan - Placed Among the Best Projects in Argentina
GALAN - PLACED AMONG THE BEST PROJECTS IN ARGENTINA High grade/Low impurity brines setting Source: iLi Markets, refer to Appendix 3 for published resources details Nb: No resources figures publicly available for Livent’s Fenix operation
Slide 7: Galan - Placed Among the Best Projects in Argentina
GALAN - PLACED AMONG THE BEST PROJECTS IN ARGENTINA Low impurity brines setting Source: iLi Markets, refer to Appendix 3 published resources details Nb: No resources figures publicly available for Livent’s Fenix operation
Slide 8: Carbon Footprint – Cradle to Gate
CARBON FOOTPRINT – CRADLE TO GATE Lithium brines - The lowest carbon footprint Source: SQM Benchmark World Tour West June 2020
Slide 9: Energy Footprint – Cradle to Gate
ENERGY FOOTPRINT- CRADLE TO GATE Lithium brines – with the lowest energy footprint Source: SQM Benchmark World Tour West June 2020
Slide 10: Capital Structure
CAPITAL STRUCTURE Equity Performance Shares Shares 300,706,492 (16 March 2022) Vendor Class B Upon the commencement of commercial production from a pilot 10,000,000 Unquoted Options 3,680,870 Options exercisable $0.25, 31 Mar 2022 plant 5,970,950 Options exercisable $0.21, 7 Oct 2023 500,000 Options
Slide 11: Highly Experienced Board
HIGHLY EXPERIENCED BOARD An experienced A civil industrial engineer Previously COO SKILLED +20 years’ experience in A mining executive with corporate lawyer who A Chilean/Australian and MBA who previously Workforce Services capital markets, extensive experience in has extensive board and mineral eco
Slide 12: Hombre Muerto Basin: World Tier 1 Location for Li Brines
HOMBRE MUERTO BASIN: WORLD TIER 1 LOCATION FOR Li BRINES
Slide 13: HMW Project - Compelling Scoping Study/PEA Results
HMW PROJECT - COMPELLING SCOPING STUDY/PEA RESULTS
Slide 14: Candelas Project – Strong Scoping Study/PEA Results
CANDELAS PROJECT – STRONG SCOPING STUDY/PEA RESULTS
Slide 15: Cost Curve – Compelling Galan Cost Fundamentals
COST CURVE– COMPELLING GALAN COST FUNDAMENTALS
Slide 16: Galan - 2 PEAs with Competitive Opex & Capex
GALAN - 2 PEAs WITH COMPETITIVE OPEX & CAPEX Comparative table of new developing lithium brine projects Capital Capital Ownership Opex Capex w/o Intensity w/o Project Capex Production Intensity Rights US$/t contingency Contingency Source (Company) US$ M (LCE tpa) (US$ % LCE US$ M (US$ /LCE /LCE tpa)
Slide 17: HMW Study – Potential Identified Improvements
HMW STUDY– POTENTIAL IDENTIFIED IMPROVEMENTS
Slide 18: Lab Update – High Grade LiCl Concentrate Confirmed
LAB UPDATE – HIGH GRADE LiCl CONCENTRATE CONFIRMED Concentrated brine and lithium carbonate from HMW * Conversion factor 5.323 ** Excludes Greenbushes
Slide 19: Greenbushes South JV Data Review Enhances Projects Prospectivity
GREENBUSHES SOUTH JV DATA REVIEW ENHANCES PROJECTS PROSPECTIVITY Greenbushes South Lithium Project
Slide 20: Greenbushes South JV
GREENBUSHES SOUTH JV Greenbushes South Lithium Project with Greenbushes Lithium mine in the background and map of arsenic (AS) anomaly in laterite soils
Slide 21: Achievements and Indicative Next Steps
ACHIEVEMENTS AND INDICATIVE NEXT STEPS Tasks CY CY CY CY CY 2018 2019 2020 2021 2022 CANDELAS Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Geophysics & mapping Drilling Permits Drilling JORC Resource Scoping Study HMW Drilling Permits Drilling/ Geophysics JORC Resource / Update PEA/Scoping/FS prework Pilot Plant Permits
Slide 22: 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 23: Galan Lithium Limited Investment Foundations
GALAN LITHIUM LIMITED INVESTMENT FOUNDATIONS ✓ ✓ ✓ ✓ ✓ ✓ ✓ Galan team donating 5 ventilators to local health authorities in Catamarca ✓ ✓ ✓ ✓
Slide 24: 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 3, 30 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 Email: jp@galanlithium.com.au FSX:9CH
Slide 25: Market Cost Curve – Lithium Supply Fundamentals
APPENDIX 1 MARKET COST CURVE – LITHIUM SUPPY FUNDAMENTALS 2021 Lithium Production Cost Curve (source: Roskill – Lithium Cost Model Service)
Slide 26: South American Brines – Simplified Model
APPENDIX 2 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 27: …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 28: Appendix 3 Comparative Company Brine Resources Table
APPENDIX 3 COMPARATIVE COMPANY BRINE RESOURCES TABLE Resource Salt Lake Company Code Li Measured Indicated Inferred Total ml/L k MT LCE k MT LCE k MT LCE k MT LCE Salar de Rincon Rincon Lithium JORC 403 3600 4,300 7,900 Salar de Rincon Argosy JORC 325 245 245 Pozuelos y Pastos Grandes Litica Pluspet