Slide 1: Unlocking Brazil's Lithium Potential for the Global Market
@ LITHIUM BIONIC Unlocking Brazil’s Lithium Potential for the Global Market Near-term production of high-quality, low-cost lithium concentrate in Minas Gerais‘ Lithium Valley, poised to support the global EV and battery supply chains. TSXV: LTH | OTCQX:LTHCF | FSE: H3N Bandeira Feasibility Study Res
Slide 2: Disclaimer and Qualified Persons
The NI 43-101 technical report associated with the Bandeira Lithium Project Feasibility Study (FS) will be available on SEDAR+ and the rate at which each may be exchanged for the others); uncertainty in the estimation of mineral resources and mineral at www.sedarplus.ca under the Company’s issuer pr
Slide 3: Why Lithium Ionic?
@ LITHIUM WHY LITHIUM IONIC? BANDEIRA FS || | e) N | Cc MINING-FRIENDLY INFRASTRUCTURE i RESULTS: LOW JURISDICTION ADVANTAGE OAL & HIGH ROR Hydroelectric © 4300, ..... Tl ueeze Minas Gerais Near-term production of Nearby.Ports. < high-quality lithium concentrate my) ord to support the global EV and
Slide 4: Prolific Lithium District
prazit PROLIFIC LITHIUM a8 DISTRICT A REGION THAT IS EMERGING AS A GLOBALLY SIGNIFICANT HARD-ROCK LITHIUM-PRODUCING DISTRICT Minas Gerais (“General Mining”): SIGNIFICANT EFFORT BY GOVERNMENT TO REDUCE BUREAUCRACY IN THE MINING SECTOR @ Belo Horizonte MINAS GERAIS . Launch of “Lithium Valley BraziP’
Slide 5: Lithium Ionic Properties
SALINAS PROPERTIES SALINAS ▪ ▪ SALINAS ARAÇUAÍ MINAS GERAIS BELO HORIZONTE ITINGA PROPERTIES ARAÇUAÍ Lithium Ionic Properties 5
Slide 6: Regional Proof-of-Concept
REGIONAL PROOF-OF-CONCEPT PRODUCER CBL [COMPANHA DRASILEIRA DE UIC CACHOEIRA LITHIUM MINE * Private Brazilian company * Producing lithium since 1991 a SIGMA LITHIUM GROTA DO CIRILO PROJECT * Among the world’s largest lithium mines * 1 production achieved in April 2023 EMERGING PRODUC @ LITHIUM IONIC
Slide 7: CBL Mine
CBL Mine (inproduction’Sinee 1991) COMPANSIABRASILEIEA DE LITO oe _ 8 ste ial @ LITHIUM | BANDEIRA IONIC Drilling Site ' i oz
Slide 8: May '18 Nov '18 May '19
▪ ▪ ▪ $60 $40 $20 $0 May '18 Nov '18 May '19 Nov '19 May '20 Nov '20 May '21 Nov '21 May '22 Nov '22 May '23 Nov '23 May '24 |
Slide 9: Lithium Ionic Re-Rating Potential
Explorers Developers Emerging Producers Lithium Ionic Re-Rating Potential $1,408 EV / Resource $895 $909 (C$/t LCE) $331 $391 $432 $210 $260 $265 $195 $252 $280 NA $51 $70 $89 $5,301 Lithium Ionic Re-Rating Potential $4,273 Market Cap C$M $2,388 $1,328 $602 $764 $896 $664 $404 $430 $146 $220 $318 $2
Slide 10: Capital Structure
CAPITAL STRUCTURE SHAREHOLDER DISTRIBUTION TSX: LTH 9 Common Shares Outstanding 138,185,554 20% ° Management Options 11,507,000, & Insiders Warrants 3,384,906 138M Market Capitalization ~C$145M outing 52-week High/Low C$2.74/C$0.62 i 30% Share Price (05/24/24) C$1.06 ‘0 Institutional ANALYST COVERAG
Slide 11: Management Team
Blake Hylands Helio Diniz Paulo Misk Mike Westendorf CEO, Director President, Director COO VP Technical Services Professional Geoscientist with +40 years of experience in the Mining engineer with +38 years of experience in Professional engineer with over 15 years 13 years of international mining sec
Slide 12: Mineral Resource Estimates
*See Appendix for details related to the MRE. Bandeira MRE: see press release dated April 12, 2024; | Salinas MRE: See press release dated April 4, 2024; Outro Lado MRE: See press release dated June 27, 2023
Slide 13: Lithium Ionic Properties
SALINAS 70 60 50 40 30 20 10 Millions 0 ARAÇUAÍ Lithium Ionic Properties | 13
Slide 14: Regional Exploration Upside
ws ews REGIO } Mineralized Pegmatites (ky = Ay Se (Some 4a “Bint }. \ NA GALVANI Significant regional soil anomalies have yet to be drilled near the Bandeira Project 14
Slide 15: |
|
Slide 16: Bandeira Feasibility Study: Key Highlights
BANDEIRA FEASIBILITY STUDY: KEY HIGHLIGHTS Low CAPEX Lean installation with estimates supported by recent adjacent projects Low OPEX In-line with regional producers & resilient to challenging market conditions Low Disturbance UG Mine Minimized impact on environment & local communities Simple Process
Slide 17: Bandeira Feasibility Study: Key Results
BANDEIRA FEASIBILITY STUDY: KEY RESULTS Small footprint underground mine producing high-quality, low-cost lithium concentrate 178ktpa 14-YEAR AVERAGE ANNUAL MINE LIFE | PRODUCTION $1.31B 40% L.3Mtpa $i2505.0ur 17.2M_ oxevines NPV IRR $286M $444/t $266M ‘FREE CASH FLOW. OPEX CAPEX (PRODUCED) Incl. 15
Slide 18: Bandeira Production
BANDEIRA PRODUCTION ROM TO PLANT FEED AVERAGE PLANT THROUGHPUT RECOVERY ORE MINED 68.9% 17.2Mt SC5.5 ANNUAL PRODUCTION LOM AVERAGE ANNUAL PRODUCTION “ - | 18
Slide 19: Long-term Price Forecast
| * Long-term price forecast established by Fastmarkets, as of April 2024
Slide 20: Free Cash Flow
3,500 3,000 2,500 Free Cash Flow (M USD) 2,000 1,500 1,000 500 0 YR-2 YR-1 YR1 YR2 YR3 YR4 YR5 YR6 YR7 YR8 YR9 YR10 YR11 YR12 YR13 YR14 -500
Slide 21: Site Layout
SITE LAYOUT = Sustainable underground mining and minimal land-use footprint = Low-cost and low complexity DMS (Dense Media Separation) operation PROCESS 12700 PRIMARY LABORATORY WAREHOUSE CRUSHING ay MEDICAL CENTRE / FIRE BRIGADE / CENTRAL OFFICE A a RESTAURANT — eulsa0 ENTRANCE & | | STOCKPILE ‘MED
Slide 22: Capex & Opex
CAPEX & OPEX CAPEX Mine $50.5M Plant $102.7M EPCM Services $26.6M Infrastructure & Other $41.9M Pre-operation $10.8M Contingency $33.7M Total $266.2M $266 MILLION gy (per tonne of ore [BROGESSEq) (per tonne of ore|preadueed) Mining $36.7/t Mining $254/t Processing $24.6/t Processing $170/t SG&A $3.0
Slide 23: Capex & Opex Efficiency
CAPEX & OPEX EFFICIENCY $266M INITIAL CAPEX Conservative approach to capital costs Capital costs benchmarked with other recent construction projects in the region Established regional contractors and infrastructure to support site construction Regionally based engineering and construction management
Slide 24: Global Benchmarking
GLOBAL BENCHMARKING RECENT LITHIUM PROJECT ECONOMIC STUDIES NPV/CAPEX Bandeira outperforms global hard rock lithium projects, highlighting its efficient use of capital and higher returns on investment 4.9x 3.3x 2.2x 1.9x Global Brine / Global Lithium Global Hard Bandeira Clay Projects Projects Rock
Slide 25: Geology
GEOLOGY Coarse grained spodumene rich pegmatites with simple mineralogy = Demonstrated regional geology with well understood orebody = Coarse grained mineralogy and low iron content supporting simple processing with no concentrate quality concerns = Opportunity to expand resource at depth and extent
Slide 26: * See press release dated April 12, 2024
▪ ▪ * See press release dated April 12, 2024 |
Slide 27: Bandeira - Typical Section & Drill Highlights
BANDEIRA - TYPICAL SECTION & DRILL HIGHLIGHTS DRILL HIGHLIGHTS (MAY 2022 - JANUARY 2024) Northwest ‘Section LT 600 NE Southeast . o 0 1.62% LizO / 20m ~% % /ést's cACHOEIRA "700.2362 a, % ss fumaiuw wine i % ‘ te, { (Producing thi snes 1989) 1.24% Li0/18.14m ~i * ees \ moo-zsr3 1.32% LiO/ 24m ‘9420
Slide 28: ROM Mass (kt)
▪ ▪ ▪ ROM MASS (Kt) 1,301 1,279 1,240 1,303 1,276 1,288 1,305 1,269 1,258 1,266 1,182 1,178 1,112 552 117 260 18 -2 -1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 ROM_MASS_DEV(t) ROM_MASS_RP(t) ROM_MASS_SUBLEVEL(t) TOTAL ROM_MASS(t) |
Slide 29: Mine Sequence
MINE SEQUENCE
Slide 30: Processing
PROCESSING Proven processing methods utilizing DMS to generate spodumene concentrate = Ore sorting technology utilized to prevent unnecessary processing of barren material recovering 94% of Li,O while rejecting 20% of mass = Simple coarse dense medium separation (DMS) method for producing concentrat
Slide 31: Bandeira Flowsheet
BANDEIRA FLOWSHEET FINAL CONCENTRATE
Slide 32: Plant Layout
PLANT LAYOUT Simple coarse dense medium separation (DMS) method for producing concentrate. A demonstrated process by CBL and Sigma. PROCESS mal = i cS 32
Slide 33: Irapé Dam (360MW), Minas Gerais
Irapé Dam (360MW), Minas Gerais |
Slide 34: Sustainable Mine Design & Infrastructure
SUSTAINABLE MINE DESIGN & INFRASTRUCTURE ¢; UNDERGROUND MINE ¢; DRY STACKED TAILINGS + Minimal Surface Disturbance: Reduces + Water Conservation: Reduced water consumption surface disruption and dust compared to compared to traditional wet tailings storage methods. open-pit mining. + Improved Safety
Slide 35: Local Social & Economic Contributions
LOCAL SOCIAL & ECONOMIC CONTRIBUTIONS Lithium lonic is committed to advancing its projects responsibly and transparently while fostering positive social impact and bolstering local economic empowerment. The Bandeira Project is expected to have a long-term positive impact on the local econor Total Lo
Slide 36: Romeu Zema Fernando Passalio Helio Diniz
▪ ▪ ▪ Romeu Zema Minas Gerais Governor ▪ Fernando Passalio Helio Diniz Minas Gerais Secretary of President State for Economic Development Lithium Ionic Corp. | | 36
Slide 37: Permitting Process
PERMITTING PROCESS Request Exploration Permit LAC approval expected in early Q3 2024 ——> Operation Environmental Impact Assessment (EIA) + Impact Report (RIMA) Prior License (LP) Installation License (LI) Operation License (LO) Environmental Control Report (RCA) + Plan (PCA) Traditional Process (Lic
Slide 38: Milestones Timeline
Initial Permitting Mineral Resource Mineral process initiated (Bandeira) (Salinas) Resource Initial Mine Development Nov. 2023 April 2024 Update (Bandeira) Formation of (Bandeira) Q4 2024 Lithium Ionic April 2024 and initiation PEA and of drilling updated MRE Feasibility Study (Bandeira) (Bandeira)
Slide 39: Project Optimization & Future Upside
PROJECT OPTIMIZATION & FUTURE UPSIDE MINERAL RESOURCE METALLURGY REGIONAL EXPLORATION = LOM mine plan based on Nov 2023 39Mt @ 1.37% Li,O resource with upside to April 2024 estimate of 42Mt @ 1.35% Li,O. = Further metallurgical benefits to be studied in processing fines to increase concentrate = Sat
Slide 40: Investor Relations
Lithium Ionic Corp. 400-36 Lombard St., Toronto, Ontario, Canada, M5C 2X3 Investor Relations Caroline Arsenault +1 647.316.2500 info@lithiumionic.com |