Liontown Limited · ASX:LTR
Liontown — Liontown Resources — BMO Global Metals & Mining 2025
18 slides from Liontown's conference presentation, Feb 24, 2025
Slide 1: Delivering on commitments, positioned for growth
DRAFT – NOT FOR FURTHER DISTRIBUTION For personal use only Delivering on commitments, positioned for growth Tony Ottaviano Managing Director and CEO BMO Global Metals & Mining 2025 February 2025 ASX: LTR ltresources.com.au
Slide 2: Important Information
Important Information Important Information For personal use only This Presentation contains forward-looking statements which are identified by words such as ‘may’, ‘could’, ‘believes’, ‘estimates’, ‘targets’, 'guides', ‘expects’, 'anticipates', 'indicates' or ‘intends’ and variations of these words
Slide 3: Important Information: Competent Person Statements
Important Information COMPETENT PERSON STATEMENTS The Information in this Presentation that relates to Mineral Resources for the Kathleen Valley Project is extracted from the The Information in this Presentation that relates to Mineral Resources for the Buldania Project is extracted from the For per
Slide 4: Delivering on Commitments
Delivering on Commitments Liontown is an ASX listed responsible battery minerals provider The world’s newest major spodumene producer in a Tier-1 mining jurisdiction headquartered in Perth, Western Australia For personal use only Flagship Kathleen Valley Lithium Operation entered production in mid-2
Slide 5: The best strategies endure the cycles; ours is unchanged
The best strategies endure the cycles; ours is unchanged For personal use only Kathleen Valley Downstream Expansion Liontown Full Potential Full Potential Become a vertically integrated Expand portfolio through organic supplier to capture higher margins, growth, value accretive M&A and Become a glob
Slide 6: Market Update
For personal use only Market Update 6
Slide 7: Lithium demand growth is stronger than ever
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES Lithium demand growth is stronger than ever Lithium demand by end use For personal use only (lithium demand, kt LCE) Lithium demand grew 25% YoY in 2024, with a 10% forecasted CAGR through 2035 3,545 Robust EV demand growth largely driven by key m
Slide 8: EV growth continues and it's about affordability!
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES EV growth continues and its about affordability! Global EV sales growth remains robust EV sales weakness ex-China is a pricing problem For personal use only +23% Weighted average of the base price comparison YTD Sept-24 (US$ thousands) Jan-Dec 202
Slide 9: 10-year outlook: Demand and Supply tightly coupled
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES 10-year outlook: Demand and Supply tightly coupled Lithium Supply / Demand balance For personal use only (kt LCE) Demand Supply Includes ~27 3,545 3,533 New Brine & Hard Rock Projects / 40 Brownfield Expansions in Base Case 292 470 Assumptions 72
Slide 10: Lithium supply deficit emerging as value chain tightens
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES Lithium supply deficit emerging as value chain tightens For personal use only Production of Chinese lepidolite and spodumene has flattened… China’s carbonate inventories are low relative to consumption… (LCE Tonnes) (LCE Tonnes) 2.0 18,000 1.5 16,
Slide 11: Kathleen Valley update
For personal use only Kathleen Valley update 11
Slide 12: First months: Delivering strong and consistent results
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES First 5 months: Delivering strong and consistent results For personal use only ~AUD$17M ~117 kdmt ~92 kdmt Net cash from operating activities2 Spodumene concentrate produced Spodumene concentrate shipped recorded for Q4 CY2024 (5.2% Li2O weighted
Slide 13: Resilient in the current market by focusing on three key pillars
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES Resilient in the current market by focusing on three key pillars Continuing business optimisation and cost savings For personal use only • Disciplined ongoing cost and capital management. Unit Operating Costs and AISC post June 2026 are expected t
Slide 14: Kathleen Valley is the world's newest, major global lithium producer
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES Kathleen Valley is the world’s newest, major global lithium producer We have demonstrated our ability to execute and continue delivering on our commitments For personal use only ü Asset Quality & Scale • Kathleen Valley’s tier-1, large, multi-deca
Slide 15: Strong leverage to an improving commodity price
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES Strong leverage to an improving commodity price Kathleen Valley’s competitive cost structure, combined with its significant production scale, drives substantial margin 1 leverage as For personal use only lithium prices improve Illustrative Illustr
Slide 16: Watch online
For personal use only Watch online: https://youtu.be/_mcPT4OSsrk 16
Slide 17: Questions
For personal use only Questions liontown-resources-limited @LiontownRes Liontown Resources @LiontownRes ltresources.com.au/#subscribe
Slide 18: For more information
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES For personal use only For more information: Leanne Kite Investor Relations Liontown Resources lkite@ltresources.com.au +61 401 438 850 Level 2, 32 Ord Street, West Perth WA 6005 22 ABNNovember 2022 39 118 153 825 ASX:LTR ASX : LTR ltresources.com.