Jindalee Lithium Limited · ASX:JLL
Jindalee Lithium — Investor Presentation (December 2024)
37 slides from Jindalee Lithium's investor presentation, Dec 5, 2024
Slide 1: Investor Presentation
Investor Presentation For personal use only Dec 2024
Slide 2: McDermitt Lithium Project Investor Presentation
McDermitt Lithium Project Investor Presentation Ian Rodger For personal use only Chief Executive Officer ASX Code JLL QTCQX JNDAF jindaleelithium.com This presentation summarises the results contained within JLL ASX release 19/11/2024 “McDermitt PFS - Multi-Decade Source of US Lithium Carbonate” and
Slide 3: Warning Statement
Warning Statement This Presentation has been prepared by Jindalee Lithium Limited (“Jindalee,” Shareholders and prospective investors should be aware that the PFS and this Statements in this presentation regarding the Company’s business, which are not “Company” or “JLL”) and is authorized for releas
Slide 4: Pure play US lithium company focused on giant McDermitt Project
Pure play US lithium company focused on giant McDermitt Project View in Vrify Oregon Key investment highlights: Largest Lithium Resource in the US Positioned as a significant asset in meeting America’s critical mineral needs. For personal use only Robust PFS Demonstrating Exceptional Economics (1) L
Slide 5: Company overview
Company overview Corporate snapshot1 Share price (ASX:JLL, OTCQX:JNDAF) Share Capital (ASX:JLL, OTCQX:JNDAF) 73.6m Share Price A$0.24 A$/share Options from (40c to $5.00) 25.8m Market Capitalisation A$17.7m 1.25 Cash2 A$3.4m For personal use only Investments A$2.7m 1.00 Convertible Note A$2.8m Enter
Slide 6: Board and management team with proven success in creating value
Board and management team with proven success in creating value for shareholders Wayne Zekulich Lindsay Dudfield Paul Brown Non-Executive Chair Executive Director Non-Executive Director Mr Wayne Zekulich was appointed to Mr Lindsay Dudfield is a geologist Mr Paul Brown has over 23 years’ the Jindale
Slide 7: Empowering American manufacturing and energy security
Empowering American McDermitt is currently the largest lithium deposit in the US and of global significance. McDermitt is ideally situated to plug in to the (1) manufacturing and energy security growing US battery manufacturing industry. $3.23 B (C) 17.9% US$3.02 B $8,080/t LCE (C,G) Post Tax (D) Po
Slide 8: Stable mining profile with early access to ore
Stable mining 25 profile with early 20 (1) access to ore Mining Movements (Mt) 15 10 Mining will be by conventional truck and 5 shovel methods, with a free-digging ore body (no blasting) 0 For personal use only 1 6 11 16 21 26 31 36 Ore at surface limits pre-production mining / Years stripping expen
Slide 9: Processing route validated through testwork
Processing route validated Coarse gangue through testwork(1) ~28% mass rejection Tailings Storage ROM Ore Leach Feed Attrition Acid Leaching, Our processing flowsheet consists of standard technology Scrubbing Neutralisation used throughout industry, and has been validated through testwork supervised
Slide 10: Key PFS metrics demonstrate encouraging economic outcomes
Key PFS metrics demonstrate Dimension Units First 10 full years Next 30 years Economic eval. period (1) encouraging economic outcomes Pre-tax Post-tax Pre-tax Post-tax Pre-tax Post-tax Lithium carbonate $/t 24,000 Short-term and long-term opportunities for investors price Lithium dry carbonate 475,0
Slide 11: Opportunities to further optimise with untapped optionality
Opportunities to Largest LCE Resource in US/North America further optimise with 3500 untapped optionality 3000 2500 mcdermitT (Mt) thacker pass 2000 While the PFS is robust, we have our eye on key Resources clayton valley levers that can further de-risk the Project through 1500 nevada north improvem
Slide 12: Corporations and government agencies are striving to develop the US battery value chain
Corporations and government agencies are striving to develop the US battery value chain We are in a global race to compete in a We will require all essential materials for For personal use only future where electric propulsion will our national security to be produced undoubtedly be a giant force in
Slide 13: McDermitt poised to meet medium-term deficits
McDermitt poised to meet medium-term deficits (L) Base Case, Lithium Market Balance, Unit kt LCE The global lithium market is currently in surplus on the back of higher 100,000 prices during the 2022-23 peak Current prices are below levels required to incentivise new production 0 Lithium producers s
Slide 14: Our pathway to production is clear
Our pathway to production is clear For personal use only 14 Investor Presentation What’s Our Market
Slide 15: Pathway forward timeline
Activity Orange bars indicate current critical path Partnerships Baseline Studies NEPA* Permitting/ Record of Decision For personal use only Infill Drilling 2029 Pilot Test Work Feasibility Study FEED** Project Funding Final Investment Decision 2029 Construction/ Commissioning Operations 2032 2025 *
Slide 16: Market momentum for lithium continues with JVs and strategic partnerships
Market momentum for lithium continues with JVs and credible, strategic partnerships Increasing market activity by large players Development Funding ioneer, Rhyolite Ridge Project, Lithium Americas, Thacker Pass Project, Rio Tinto to acquire Arcadium at 90% Premium partners with Sibanye partners with
Slide 17: Partnerships will continue to move us along the path to production
Partnerships will continue Partnerships Criteria to move us along the path to production Our PFS, led by Fluor Corporation and supported by et Cube Consulting, gives us confidence the Project is ls St worth pursuing further, as a huge resource with a il ro Sk massive upside for investors and partner
Slide 18: Major milestones and catalysts for the year ahead
Major milestones and catalysts for the year ahead For personal use only (Q4) 2024 (Q1) 2025 (Q2) 2025 2025 Further work in 2025 to be considered in parallel with partnership process: Appoint strategic advisors to assist with Commence partnership Large infill exploration partnership process engagemen
Slide 19: Thank you
For personal use only Thank you Further information Ian Rodger jindaleelithium.com +61 8 9321 7550 jindaleelithium.com Chief Executive Officer
Slide 20: Vrify 3D Presentation
Vrify 3D Presentation View in Vrify For personal use only 20 Investor Presentation Vrivy 3D Presentation
Slide 21: Jindalee trades at an attractive valuation relative to peers
Jindalee trades at an attractive valuation relative to peers 84.3 Enterprise Value (US$)1 / Contained LCE2 in Resources (t) (4) 24.9 12.4 3.6 5.2 For personal use only 0.4 Jindalee Lithium Century Lithium Arizona Lithium American Lithium Lithium Americas ioneer Project/s McDermitt Clayton Valley Big
Slide 22: McDermitt: A highly competitive source of lithium chemicals for the US Market
McDermitt: A highly competitive source of lithium chemicals for the US Market US$/t LCE (C1 Cost) 25,000 McDermitt Thacker Pass Rhyolite Ridge PFS 2024 20,000 FS 2022 FS 2021 15,000 Silver Peak For personal use only 10,000 5,000 0 1,500 3,000 Kt of LCE (2030) McDermitt to be in the bottom half of th
Slide 23: McDermitt comparison with Thacker Pass
McDermitt comparison with Thacker Pass Category McDermitt PFS (November 2024)I Thacker Pass FS (November 2022)I I EBITDA Margin 64% 68% US$8,673/t US$7,198/t Operating Cash Cost (Defined as C1 cash costs) (Phase 1 & 2) US$5,727m NPV8 % (post tax) US$3,229m (Phase 1 & 2, based on 2022 study. Excludes
Slide 24: McDermitt Reserve and Resource tables
Appendix 1 - McDermitt Reserve and Resource tables McDermitt Mineral Resource Estimate (2023)2 Cut-off Indicated Resource Inferred Resource Indicated and Inferred Resource Grade (ppm Li) Li Grade Li Grade Li Grade Tonnage (Mt) LCE (Mt) Tonnage (Mt) LCE (Mt) Tonnage (Mt) LCE (Mt) For personal use onl
Slide 25: Peer comparison data: North American lithium deposits
Appendix 2 - Peer comparison data: North American lithium deposits Resource Grade (ppm Li and % Cut-Off (ppm Li and % Deposit Owner Stage Resource (Mt) Contained LCE (Mt) Source Category LiO2) LiO2) Measured 535 2450 ppm 7.0 Company Website - Indicated 923 1850 ppm 9.1 Feasibility Study Thacker Pass
Slide 26: Peer comparison data: North American lithium deposits (continued)
Appendix 2 - Peer comparison data: North American lithium deposits (continued) Resource Grade (ppm Li and % Deposit Owner Stage Resource (Mt) Cut-Off (ppm Li and % LiO2) Contained LCE (Mt) Source Category LiO2) Measured - - 0.0 Company Website - Indicated - - 0.0 Technical Report, March Resource 202
Slide 27: Peer comparison data: North American lithium deposits (continued)
Appendix 2 - Peer comparison data: North American lithium deposits (continued) Resource Grade (ppm Li and % Deposit Owner Stage Resource (Mt) Cut-Off (ppm Li and % LiO2) Contained LCE (Mt) Source Category LiO2) Measured - - 0.0 Company Website - Announcement, August Indicated 80 1.44% 2.9 2024 Shaak
Slide 28: Peer comparison data: North American lithium deposits (continued)
Appendix 2 - Peer comparison data: North American lithium deposits (continued) Resource Grade (ppm Li and % Deposit Owner Stage Resource (Mt) Cut-Off (ppm Li and % LiO2) Contained LCE (Mt) Source Category LiO2) Measured 20 929 ppm 0.1 Company Website - Accouncement, July 2024 Indicated 122 860 ppm 0
Slide 29: Peer comparison data: North American lithium deposits (continued)
Appendix 2 - Peer comparison data: North American lithium deposits (continued) Resource Grade (ppm Li and % Deposit Owner Stage Resource (Mt) Cut-Off (ppm Li and % LiO2) Contained LCE (Mt) Source Category LiO2) Measured 24 1.87% 1.1 Company Website - Technical Report, Nemaska Indicated - 1.59% 0.0 N
Slide 30: Peer comparison data: North American lithium deposits (continued)
Appendix 2 - Peer comparison data: North American lithium deposits (continued) Resource Grade (ppm Li and % Deposit Owner Stage Resource (Mt) Cut-Off (ppm Li and % LiO2) Contained LCE (Mt) Source Category LiO2) Measured - - 0.0 Company Website - Technical Report, Mineral Indicated - - 0.0 November 2
Slide 31: Peer comparison data: North American lithium deposits (continued)
Appendix 2 - Peer comparison data: North American lithium deposits (continued) Resource Grade (ppm Li and % Deposit Owner Stage Resource (Mt) Cut-Off (ppm Li and % LiO2) Contained LCE (Mt) Source Category LiO2) Measured - - 0.0 Company Website - Announcement, September Indicated 15 1940 ppm 0.2 2019
Slide 32: Partnership transactions
Appendix 3: Partnership transactions Table 1: Recent Table examples 1: Recent of North examples American of North lithium American strategic lithium partnerships strategic partnerships Company Strategic Total Date Location Stage Metal Funding & Structure Status Ref (Project) Partner Funding Corporat
Slide 33: Partnership transactions (continued)
Appendix 3: Partnership transactions (continued) Table 1: Recent examples of North American lithium strategic partnerships (continue) Company Strategic Total Date Location Stage Metal Funding & Structure Status Ref (Project) Company Partner Strategic Funding Total Date Location Stage Metal Funding &
Slide 34: Partnership transactions: US Government critical minerals debt funding precedents
Appendix 3: Partnership transactions (continued) Table 2: Recent US Government Critical Minerals Debt Funding Precedents Company Strategic Total Date Location Stage Metal Funding & Structure Status Ref (Project) Funding Partner Funding Date Company Location Metal Terms US Entity Scope Status Comment
Slide 35: References
Appendix 3 - References: A) https://rhyolite-ridge.ioneer.com/sibanye-stillwater-to-invest-us490m-in- I ) https://lithiumamericas.com/news/news-details/2024/ Unlock ing- rhyolite-ridge/ Thac k er-Pass-General- M otors-to-Contribute-Combined-625- Million-in- B) https://www.listcorp.com/asx/inr/ioneer
Slide 36: Additional Information
Appendix 4 - Additional Information JLL ASX Announcement References 19/11/2024, “McDermitt PFS - Multi-Decade Source of US Lithium Carbonate. 27/02/2023, “Resource at McDermitt increases to 21.5 Mt LCE" 16/09/2024 “Jindalee Secures Strategic Agreement with US Department of Energy For personal use on
Slide 37: Competent Persons Statements
Appendix 5 - Competent Persons Statements The information in this announcement that relates to the Maiden Ore Reserves for the McDermitt Lithium Project has been extracted from Jindalee’s ASX announcement 19 November 2024 titled “McDermitt PFS - Multi-Decade Source of US Lithium Carbonate.” The info
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