Sigma Lithium Corporation · NASDAQ:SGML
Sigma Lithium — Investor Presentation (June 2023)
37 slides from Sigma Lithium's investor presentation, June 2023
Slide 1: Corporate Presentation June 2023
Corporate Presentation June 2023 Leading Global Producer of Green Lithium
Slide 2: Disclaimer
Disclaimer No Offer or Solicitation Regarding Securities This presentation has been prepared by Sigma Lithium Corporation (“Sigma”) for general information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of Sigma or its affiliates in any jur
Slide 3: Disclaimer
Disclaimer (…) Sigma is subject to liquidity risk and therefore may have to include a “going concern” note in its financial statements; Sigma may not be able to obtain sufficient financing in the future on acceptable terms, which could have a material adverse effect on Sigma’s business, results of o
Slide 4: The Next Major Lithium Producer
The Next Major Lithium Producer ✓ First Green Lithium Concentrate Produced in April 2023 ✓ Trucking to Port Initiated ✓ Full Scale Commercial Production Expected July 2023 High Purity Lithium, Responsibly Sourced page 4
Slide 5: Sigma Lithium 3.0: Investment Highlights
Sigma Lithium 3.0: Investment Highlights Initial production successfully achieved at the world’s next tier-1 sustainable lithium operation 1 Large Scale Green Lithium Production • Becoming One of the World’s Largest Lithium Producers • Run-rate annual production of 270,000 tonnes (37,000 t LCE) • Ex
Slide 6: Corporate Structure
Corporate Structure Strong balance sheet and concentrated institutional ownership Capitalization Summary (1,2) USD Share Price (NASDAQ:SGML) Shares Outstanding (MM) 107.2 SGML Traded Value (Nasdaq & TSXV) SGML Share Price (Nasdaq) NASDAQ (Indexed to SGML) 52-Week Range (3) (US$) $13.28-$42.79 $50.00
Slide 7: Operations in Brazil: Strategically Located for the EV Supply Chain
Operations in Brazil: Strategically Located for the EV Supply Chain Located in one of the world’s largest mining provinces with existing infrastructure, including roads, water, clean power and port access Favorable Atlantic Port Location Nearby Infrastructure Water License for Shipping: Vitoria Port
Slide 8: Delivered Significant Environmental & Social Impact Programs
Delivered Significant Environmental & Social Impact Programs UN SDGs drive all business decisions, lead by the ESG Committee Corporate Mission Guidance (UN SDGs) UN Case Study on “Green Mining” Scope 1 Impact Scope 2 Impact ✓ Minimal water impact ✓ 100% green hydro power used ✓ No hazardous chemical
Slide 9: Phase 1 Production
-s Phase 1 Production
Slide 10: Ability to Scale Up Production Organically: Large Mineral Reserve
Ability to Scale Up Production Organically: Large Mineral Reserve Significant growth profile with 104 kt LCE in annual production - further growth potential via the Phase 2 & 3 expansion (utilizing Phase 1 infrastructure) Run-Rate Production Forecast (kt) Phase 2 & 3: PFS Filed January 2023 Phase 1,
Slide 11: Production & Expansion Re-Rate Potential
Production & Expansion Re-Rate Potential Sigma is one of the few near-term producers that could reach the 100,000t LCE threshold Market Capitalization vs. Production Scale Producers Emerging Producers Next Cycle Producers $4 0.0 248 250.0 241 Basic Market Capitalization (US$ Bn) $35.0 203 Attributab
Slide 12: High Quality and Low-Cost Battery Grade Lithium Concentrate
High Quality and Low-Cost Battery Grade Lithium Concentrate Unique high grade, high purity and coarse-grained concentrate enables low-cost lithium chemical production and cost savings C1 Cash Costs ($/t) (1) Low Impurities Coarse Spodumene Iron Oxide Content (%) Sigma’s Dry Coarse Australian Wet Fin
Slide 13: Superior Quality Determines Commercial Advantage: Premium Pricing
Superior Quality Determines Commercial Advantage: Premium Pricing Sigma’s Dry Coarse Sigma’s Tailings High Purity Lithium, Responsibly Sourced page 13
Slide 14: Commercial Production of Green Lithium Concentrate
Commercial Production of Green Lithium Concentrate High Purity Lithium, Responsibly Sourced page 14
Slide 15: Operational DMS Plant Commissioning
Operational DMS Plant Commissioning High Purity Lithium, Responsibly Sourced page 15
Slide 16: Crushing Circuit Commissioning Completed
Crushing Circuit Commissioning Completed High Purity Lithium, Responsibly Sourced page 16
Slide 17: Initiated Trucking Green Lithium Concentrate to Port
Initiated Trucking Green Lithium Concentrate to Port High Purity Lithium, Responsibly Sourced page 17
Slide 18: Power Substation Commissioning
Power Substation Commissioning High Purity Lithium, Responsibly Sourced page 18
Slide 19: Phase 1 North Pit Mining & South Pit Pre-Strip
Phase 1 North Pit Mining & South Pit Pre-Strip (in Background) High Purity Lithium, Responsibly Sourced page 19
Slide 20: Piaui Seasonal Stream Bridge Completed
Piaui “Seasonal Stream” Bridge Completed High Purity Lithium, Responsibly Sourced page 20
Slide 21: Activity Accelerated with Workforce Increasing to >1,000
Activity Accelerated with Workforce Increasing to >1,000 High Purity Lithium, Responsibly Sourced page 21
Slide 22: Phase 2 & 3 Expansion
-s Phase 2 & 3 Expansion
Slide 23: Phase 2 & 3 to be Fully Integrated with the Phase 1 Operations
Phase 2 & 3 to be Fully Integrated with the Phase 1 Operations Streamlined construction of Phase 2 & 3 production line expected to be built alongside the Phase 1 production line currently being constructed High Purity Lithium, Responsibly Sourced page 23
Slide 24: Expansion Greentech Plant & Infrastructure
Expansion Greentech Plant & Infrastructure High Purity Lithium, Responsibly Sourced page 24
Slide 25: Large Scale Operation
Large Scale Operation Sigma will be one of the largest and highest-grade lithium producers globally Market Producers (kt LCE) Emerging Producers (kt LCE) Capitalization Total Deb t 203 248 $0. 7 37 104 Disconnect US$4.0 B Total Cas h & Equivalents 160 241 $0. 8 18 27 US$3.2 B $0. 3 25 US$1.3 B 55 11
Slide 26: Projected Margins (Combined Phases 1, 2, 3)
Projected Margins (COMBINED Phases 1, 2, 3) Overview of Projected Margins Strong Operating Margins 5.5% Li2O Battery-Grade Lithium Concentrate Battery-Grade Lithium Concentrate Price vs. Cash Costs Run-Rate Phase 1 Run-Rate Phase 1, 2 & 3 Total Average C1 Cash Cost Total Cash Cost (CIF China) Sigma
Slide 27: Pre-Feasibility Study NPV Sensitivity Analysis
Pre-Feasibility Study NPV Sensitivity Analysis Phase 1, 2 & 3 Net Present Value 766 ktpa Run-Rate Battery-Grade Lithium Concentrate Production $29.6 $25.7 NPV at PFS Price Deck $21.7 $17.8 $15.3 Current Market Cap implies a $1,500/t Li concentrate price at 1.0x $9.9 $6.0 $4.0 $1,500 $2,000 $3,000 $3
Slide 28: Major Milestones Achieved & Upcoming Catalysts
Major Milestones Achieved & Upcoming Catalysts Strong track record of delivering on-schedule with significant upcoming catalysts Dec- Jan- Feb- Mar- Apr- May- June- July- Aug- Sep- Oct- Nov- Dec- Jan- Feb- Mar- Apr- May- 22 23 23 23 23 23 23 23 23 23 23 23 23 24 24 24 24 24 Phase 1 Crushing Circuit
Slide 29: Phase 4 Potential
ay Phase 4 Potential Vv
Slide 30: Significant Potential for Growth as EV Demand Accelerates
Significant Potential for Growth as EV Demand Accelerates Current focus is on just one part of the broader land package and only 4 of the 9 former operating lithium mines have NI 43-101 mineral resource estimates to date High Purity Lithium, Responsibly Sourced page 30
Slide 31: Production Profile
Production Profile Growth expected to position Sigma Lithium as one of the world’s largest suppliers of Battery Grade Sustainable Lithium Concentrate Run-Rate Project Production Profile (‘000 t) Phase 1 Phase 2 & 3 Expansion 804 811 781 774 766 739 703 518 522 504 504 504 487 517 511 471 471 435 504
Slide 32: Appendix
Appendix
Slide 33: Engaged, Diverse and Accountable Board of Directors
Engaged, Diverse and Accountable Board of Directors Seasoned Board of Directors combining technical, operations and capital markets expertise ANA CABRAL-GARDNER GARY LITWACK Chairperson Gender Co-Chairperson & CEO Co-Chairperson Diversity • Co-Founder and Managing Partner at A10 • Canadian lawyer an
Slide 34: Diverse Leadership Team Focused on Delivering Stakeholder Value
Diverse Leadership Team Focused on Delivering Stakeholder Value Experienced senior leadership team focused on creating stakeholder value, in a sustainable way Chief Executive Officer Gender Diversity ANA CABRAL-GARDNER BRIAN TALBOT RODRIGO MENCK Co-Chairperson & CEO Chief Operating Officer Chief Fin
Slide 35: Debt Financing Overview
Debt Financing Overview Definitive agreement signed with Synergy Capital (one of the Company’s current shareholders, based in the United Arab Emirates) for up to US$100 million of senior secured pre-export financing Sources (US$ millions) Phase 2 & 3 Pre-Production Capex (US$ M) (2) Debt Financing T
Slide 36: Green Mining Case Study: Tailings
“Green Mining” Case Study: Tailings Committed to operating in an environmentally-friendly way (scope 1) Tailings to be dry stacked (no tailings dams), enabling the potential to upcycle tailings High Purity Lithium, Responsibly Sourced page 36
Slide 37: Mineral Reserves and Mineral Resources
Mineral Reserves (1) Mineral Resources (inclusive of Mineral Reserves) (1,5) (6) Xuxua Deposit (Phase 1) (2) Xuxua Deposit (Phase 1) Category Ore (Mt) Li2O Grade (%) Li2O (KT) LCE (Kt) Category Ore (Mt) Li2O Grade (%) Li2O (KT) LCE (Kt) Proven 8.3 1.55% 130 320 Measured 10.2 1.59% 162 401 Probable 3