Lake Resources N.l. · ASX:LKE
Lake Resources N.l — Noosa Investor Conference / Red Cloud Green Energy Conference 2021
26 slides from Lake Resources N.l's conference presentation, Jul 16, 2021
Slide 1: Noosa Investor Conference / Red Cloud Green Energy Conference
16 July 2021 ASX:LKE | FRA:LK1 | OTC:LLKKF Steve Promnitz - Managing Director Noosa Investor Conference Red Cloud Green Energy Conference
Slide 2: Disclaimer
Disclaimer General Statement and Cautionary Statement Forward Looking Statements This presentation has been prepared by Lake Resources N.L (Lake) for information purposes and meetings with sophisticated and Certain statements contained in this presentation, including information as to the future fin
Slide 3: World's cleanest lithium
World’s cleanest lithium. Four lithium projects in heart of the Lithium Triangle. Produces 40% of the world’s lithium at lowest cost. Large leaseholding 2,200km2 (550,000 acres) World’s five largest producers all have equity in operations in the Lithium Triangle. Lake’s flagship project ASX: LKE OTC
Slide 4: World's cleanest lithium
World’s cleanest lithium. 99.97% • CLEANER LITHIUM – Lake’s 99.97% purity product - far lower impurities vs 99.5% battery grade lithium carbonate. Higher purity lithium = higher battery performance. • CLEANER TECHNOLOGY: Lilac direct lithium extraction – High Purity lithium carbonate. method common
Slide 5: Cleaner technology
Cleaner technology 1st Century technology Direct extraction - Lilac Solutions Process Lilac direct extraction displaces evaporation process • High purity • Faster process • Higher recoveries • Sustainable 21st Century technology • Cost competitive • Scalable • Proven in pilot plant ASX: LKE OTC: LLK
Slide 6: Cleaner environment – lower land use
Cleaner environment Smaller environment footprint – Lower land use Atacama Projects – Brine evaporation (170km2) Kachi Project – Lake/Lilac DLE (<1km2) <1km2 wide 170km 2 Source: SQM / ALB presentations 2020; 170km2 for c.80,000 tpa LCE. Lake/Lilac/Hatch estimates inASX: PFS LKE (excluding solar hyb
Slide 7: Cleaner environment – lower water use
Cleaner environment Smaller environment footprint – Lower water use Atacama Projects – Brine evaporation Kachi Project – Lake/Lilac DLE Brine Returned to Source All Brine Evaporated Source: SQM / ALB presentations 2020; 170km2 for c.80,000 tpa LCE. Lake/Lilac/Hatch estimates inASX: PFS LKE (excludin
Slide 8: Cleaner environment – smaller carbon footprint
Cleaner environment Smaller carbon footprint Kg CO2e/kg product Li Hydroxide LCE from Hard Rock Spodumene Li Carbonate LCE from Brine 4-5 14 - 18.2 Li Carbonate LCE from Lake/Lilac DLE Also expected to be low Note: Hard Rock = Spodumene converted to Lithium Hydroxide as LCE in China using coal for e
Slide 9: Clearer pathway
Expansion Study* Clearer pathway (to Double Production to 51,000tpa) Simple production scale-up - Modular 51,000tpa LCE Production Scale (PFS) (50+ Modules) Lilac Pilot / 25,500tpa Demo Plant (1-2 Modules) LCE ~10tpa LCE 1000 hours * Note: Expansion Study requires drilling (underway) to upgrade more
Slide 10: Clearer pathway – lithium tested and proven in batteries
Clearer pathway Lake’s high purity lithium tested and proven in batteries Lake’s lithium carbonate demonstrated in batteries • Lake's product - premium battery quality • Performs like Tier 1 products in NMC622 batteries Battery technology leader (ASX:NVX; OTCQX:NVNXF) • Only 50-60% of lithium produc
Slide 11: Premium price – very high margin
Direct extraction Premium price – very high margin Lake premium grade LCE price US$13,000 - 16,000/t Lake’s direct extraction US$4,100/t Opex Margin Brine - Margin Battery grade LCE price US$3,750 - 4,200/t Opex US$8,000 - 13,000/t evaporation Technical grade LCE price US$5,300 - 6,500/t Hard rock U
Slide 12: Kachi project
Kachi project. Large, scalable resource 25 years production uses 20% of resource. • Drilling to upgrade resource for expansion; resource open laterally and at depth • Kachi lease – 740 sq km (185,000 acres) • One of 10 largest brine resources globally – total JORC resource 4.4Mt LCE • Production 25,
Slide 13: Kachi PFS metrics
Kachi PFS metrics Compelling economics Pre-Feasibility Study results Mineral Resource* (Indicated) Annual production Li2CO3 Annual EBITDA Project life Expansion Study Underway 1.01Mt 25,500tpa US$260m 25+ years 51,000tpa# CAPEX Cash cost Annual operating costs Project Finance US$544m US$4,178/t US$1
Slide 14: Kachi project – proposed plant design
Kachi project Proposed plant design ~500m Warehouse, reagents Chlor Alkali Plant Bagging Plant and storage Impurity Removal Direct Extraction (Lilac IX Plant) and water treatment F E A D C G B Lithium Production Eluate Concentration ASX:ASX: LKELKE OTC: ASX: OTC: LLKKF LKE LLKKF SLIDE SLIDE / 14/ 14
Slide 15: Project Production Timeline
Project Production Timeline 2021 – Q1 2022 Q3,Q4 2021 2021 – Q2, 2022 Q3,Q4 2022 DFS Demonstration Financing Construction / ESIA Plant Production Definitive Feasibility Q4,2021 Demo Plant Onsite Project Finance Mid-Late 2022 Approvals/ Study 2021 Samples in Batteries Export Credit Agencies Construct
Slide 16: Cauchari project
Cauchari project Identical lithium brines as adjoining Ganfeng/ Lithium Americas development Lake’s brines being tested for direct lithium extraction Scoping study and resource drilling planned for 2021/22 Other Lake projects adjoin Olaroz production area Ganfeng/LAC Resource – 23Mt LCE @ 581mg/L li
Slide 17: Corporate snapshot
Corporate snapshot Funded to FID Share price Cash 30 June 2021 (estimate) Half year share price chart A$0.37 US$0.27 A$25m 15 July 2021 (10 day VWAP) 52 week high $0.475c, low $0.03c US$18.6m Shares on issue Debt 1.058bn Zero Market capitalisation Unlisted Options A$390m 15.0m 9c options, 31 July 20
Slide 18: Leadership
Leadership Board has extensive background in resources sector, backed by experienced on-site team in Argentina. Steve Promnitz Stu Crow Dr Nicholas Lindsay Dr Robert Trzebski CEO & MANAGING DIRECTOR CHAIRMAN NON-EXEC EXEC TECHNICAL DIRECTOR NON-EXEC DIRECTOR Extensive project management More than 25
Slide 19: Cleaner lithium for an electric world
CLEANER LITHIUM FOR AN ELECTRIC WORLD • World’s highest purity lithium • Technology led direct extraction • Major ESG benefits Steve Promnitz Managing Director steve@lakeresources.com.au +61 2 9188 7864 lakeresources.com.au ASX: LKE OTC: LLKKF SLIDE / 19
Slide 20: Appendices
Appendices ASX: LKE OTC: ASX: LLKKF LKE SLIDE / 20
Slide 21: Market needs 10x to 18x more lithium production by 2030
Market needs 10x to 18x more lithium production by 2030. Battery mega-factory growth 215 battery factories planned for 2030 151 operating by end 2021 • Lithium added to critical raw materials list for the first time in 2020 215 180 • Lithium-ion batteries represent one of 150 151 the 21st Century’s
Slide 22: Underinvestment in new supply. Price moving up.
Underinvestment in new supply. Price moving up. Lithium battery demand 215 Megafactories operating at 100% capacity (3.7 TWh) • Lithium carbonate prices have doubled 3,000,000 over past year Lithium Battery Demand: 2030 Tonnes per annum • 8 to 18 times more lithium production 2,000,000 needed by 203
Slide 23: Sustainable lithium – CO2e footprint
Sustainable lithium 20 CO2 e Footprint Lake / Lilac DLE method CO2e/kg lithium product 15 Lithium Production • Low CO2 footprint 10 Lake / Lilac • Low water usage DLE method 5 • Low land use 0 Production type: Hard Rock Evaporation DLE Hard Rock to Li Hydroxide Brine Evaporation to Li Carbonate Brin
Slide 24: Significant upside – lithium developer peers
Significant Upside • Lake Trading 15% NPV8 Lithium Developer Peers vs Peers 30-80% NPV8 Market Value vs Brine Resource Lake Resources Developers Brine Resource Mt LCE • Lake Market Value $380m 1400 14 vs DLE Peers at $1050m (SLI.NYSE) 1200 12 Market Value A$ million Total Combined Resource Million t
Slide 25: Mineral Resource (JORC Code 2012) – Kachi Project
Mineral Resource (JORC Code 2012) Kachi Project Lithium carbonate equivalent (LCE) Indicated Inferred Total Resource Lake Lithium Carbonate High Purity 1.0Mt 3.4Mt 4.4Mt KACHI LITHIUM BRINE PROJECT MINERAL RESOURCE ESTIMATE JORC Code 2012 Edition Indicated Inferred Total Resource Area, km2 17.1 158.
Slide 26: JORC Code 2012 Appendix - Kachi Project
JORC Code 2012 Appendix 1 - Kachi Project ASX: LKE OTC: LLKKF SLIDE / 26
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