Slide 1: RIU Explorers Conference - Investor Presentation
For personal use only RIU Explorers Conference - Investor Presentation FEBRUARY 2025
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Galan Lithium Limited. Competent Persons For personal use only The information contained herein that relates to exploration results and geology is based on information compiled or reviewed by Dr Luke Milan, who has consulted to the Company. Dr Milan
Slide 3: Building a Resilient Lithium Business
Building a Resilient Lithium Business Highest grade, lowest impurity lithium brine resources in Argentina For personal use only 10 Top 10 global lithium project Scale and grade Lowest quartile of the by Mineral Resources1 lithium cost curve Operations are being de-risked Market valuation disconnecte
Slide 4: HMW: Demonstrated Track Record of Strategic Execution
HMW: Demonstrated Track Record of Strategic Execution Progressing Towards Pivotal Project Milestones For personal use only 2025 Full Mining Permit for Phase 2 granted, securing pathway for continued development. 2020 – 2025 Mineral Resource established and expanded, now ranked 2024 as a global Top 1
Slide 5: Galan – Corporate Snapshot
Galan (ASX:GLN) – Corporate Snapshot An experienced and aligned Board For personal use only CAPITAL STRUCTURE 12 MONTH SHARE PRICE AND VOLUME5 BOARD Share price1 A$0.120 Richard o Experienced corporate lawyer Shares on issue 821m 0.50 30 Homsany o Principal of Cardinals Lawyers Non Executive o Exec.
Slide 6: The Advantage of High-Quality Lithium Brine
The Advantage of High-Quality Lithium Brine High lithium grades at HMW have enabled a development plan with lower capital intensity and a lower risk profile For personal use only COMPARISON OF LI GRADE IN DOWNSTREAM PROCESS TO CONVERT MINING PROCESS TO DELIVER A CONCENTRATE CONCENTRATE INTO A FINAL
Slide 7: HMW – Low Cost and Low CO2 Emissions
HMW – Low Cost and Low CO2 Emissions Galan’s HMW project is set in the lowest quartile of the industry cost curve and the industry GHG emissions curve 1,2 For personal use only LITHIUM CARBONATE EQUIVALENT COST CURVE (2028)1 GREENHOUSE GAS (GHG) EMISSIONS INTENSITY (2028)2 PRODUCTION COST (US$ / t L
Slide 8: World Class Resource
World Class Resource HMW is amongst the largest advanced lithium projects in the world and importantly, has grade as well as scale For personal use only GLOBAL TOP 10 LITHIUM PRODUCTION AND CONSTRUCTION PROJECTS BY MINERAL RESOURCES (LCE Mt) 70.0 60.0 LCE CONTENT (MILLION TONNES) 50.0 40.0 30.0 20.0
Slide 9: HMW – A Lithium Project with Scale and Grade
HMW – A Lithium Project with Scale and Grade A multi-decade project with compelling project economics For personal use only Project Interest o 100% in the HMW and Candelas project areas MAP OF GALAN’S TENURE IN CATAMARCA, ARGENTINA Project Location o Catamarca, Argentina Combined Mineral Resources o
Slide 10: Low Risk, Phased Production Growth
Low Risk, Phased Production Growth Employing a proven development path to produce a lithium chloride product in high demand For personal use only PHASED DEVELOPMENT TO 60ktpa LCE Context o There is over 20 years of lithium production history in the Hombre Muerto Salar o HMW has a very favourable geo
Slide 11: Argentina – A Leader in Lithium Mining
Argentina – A Leader in Lithium Mining A rich endowment of lithium is paired with a fiscal framework designed to encourage foreign investment For personal use only Leading Mining Jurisdiction MAP OF ARGENTINIAN LITHIUM PROJECTS (LHS) AND THE SOUTH AMERICAN LITHIUM TRIANGLE (RHS) o Argentina holds th
Slide 12: Conclusion
Conclusion Highest grade, lowest impurity lithium brine resources in Argentina For personal use only 10 Top 10 global lithium project Scale and grade Lowest quartile of the with close proximity 9.5 Mt of LCE at 841mg/L lithium cost curve to production1 lithium in Mineral and lowest quartile of the i
Slide 13: Appendices: Mineral Resource, Ore Reserve Estimate & Peer Comparison
For personal use only A Appendices MINERAL RESOURCE, ORE RESERVE ESTIMATE & PEER COMPARISON
Slide 14: Mineral Resource Estimate
Mineral Resource Estimate MINERAL RESOURCE STATEMENT FOR CANDELAS1 MINERAL RESOURCE STATEMENT FOR HOMBRE MUERTO WEST 2 For personal use only In situ Li Avg. Li LCE Avg. K In situ K KCl Equiv. In situ Li Avg. Li LCE Avg. K In situ K KCl Category Category (kt) (mg/l) (kt) (mg/l) (kt) (kt) (kt) (mg/l)
Slide 15: Ore Reserve Statement
Ore Reserve Statement Ore Reserve Statement for Hombre Muerto West (effective date September 2023) For personal use only Production Period Pumped Brine Vol. Avg. Li grade Ore Reserve Category Well Field Li Metal (kt) LCE (kt) (Years) (Mm3) (mg/L) West 1-7 34.9 30.8 884.0 101.2 Proven Santa Barbara -
Slide 16: Peer Comparison
Peer Comparison Global Top 10 Production and Construction Projects (by LCE Mineral Resource size) For personal use only Mineral Resources (including Ore Reserves) in Lithium Carbonate Equivalent (LCE Mt) Total Project Operator Stage Type Measured Indicated Inferred Resources Information Source Lithi