Slide 1: Developing High-Grade Lithium Brine Projects in Argentina
DEVELOPING HIGH- GRADE LITHIUM BRINE PROJECTS IN ARGENTINA RIU Explorers Conference February 2023 ASX : GLN | FSX : 9CH galanlithium.com.au
Slide 2: Disclaimer and important information
Disclaimer and important information This presentation has been prepared by Galan Lithium Limited. 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 is a Member of
Slide 3: Rapidly advancing our 100% owned Hombre Muerto Projects to production
Rapidly advancing our 100% owned Hombre Muerto Projects to production The highest grade and lowest impurity lithium brine assets in Argentina Investor presentation 3
Slide 4: Spectacular increase in HMW Resource
Spectacular increase in HMW Resource High grade, low impurity profile Mineral Resource increased 2.5x to 5.8Mt contained LCE @ 866 mg/l Li - 76% in Measured category 1 • Measured Resource of 4.4Mt at 883 mg/L is one of the largest, high grade resources in Argentina • Reserve conversion work on track
Slide 5: Outstanding long-term HMW pumping tests
Outstanding long-term HMW pumping tests Average flow rate from three completed tests of 22 L/s at average 894mg/L grade for 30+ days Brine flow rate and chemical results support continuous 4ktpa LCE pilot 1 • Confirmed well-ready flow capacity for development of 4ktpa LCE pilot • Permit approval for
Slide 6: Corporate snapshot
Corporate snapshot Strong cash liquidity, tight share register Market capitalisation Share price Major shareholders A$371M A$1.21 2.5 A$/share Shares on issue 2.3 2.1 306.9M 1.9 1.7 Net cash position 1.5 1.3 A$38M 1.1 Directors & Top 20 0.9 management shareholders Unquoted securities 0.7 13% 51% 6.9
Slide 7: Delivering on our commitments
Delivering on our commitments Rapid dual-track project advancement High Compelling Application Expected grade PEA submitted for HMW Maiden results up-scaled, Feasibility 4ktpa LCE Pilot plant HMW released 4ktpa pilot Study construction Mineral for HMW plant at HMW completion expected H2 Resource Pro
Slide 8: The premier lithium developer
The premier lithium developer World-class Compelling ESG and 01 location 02 economics 03 sustainable High grade, low Study work supports supply impurity brine assets high return projects Low energy, low carbon production footprint Strategic project Best in-class Further project 04 delivery 05 team 0
Slide 9: World-class location: Hombre Muerto Salar in the Lithium Triangle
01 World-class location Tier 1 geological endowment Hombre Muerto Salar is perfectly positioned in Argentina’s prolific Lithium Triangle • World’s largest lithium reserves • ~40% total annual lithium production is from the Atacama and Hombre Muerto salars • Lithium ‘elephant’ country Investor presen
Slide 10: World-class location: 25+ year history of production
01 World-class location Highly strategic positioning 25+ year history of production with further development underway • Substantial regional investment • Significant regional infrastructure • Excellent governmental and community support • Highly strategic positioning Our 100% owned HMW and Candelas
Slide 11: World-class location: High grade, low impurity brine assets
01 World-class location High grade, low impurity brine assets Our Hombre Muerto assets are Brine Resources Li (mg/l) vs Mg/Li ratio amongst the very best brine projects • Leading lithium grades • Low potassium and HOMBRE magnesium drives low MUERTO – GLN opex • Substantial exploration Source: iLi Ma
Slide 12: Compelling economics: Flagship HMW Project PEA
02 Compelling economics Strong, PEA outcomes for 20 ktpa LCE at HMW Flagship HMW Project Preliminary Economic Assessment (December UoM Result 100% ownership 2021)1 Project life Years 40 • Low-risk, proven processing Steady state lithium carbonate production Tonnes/year 20,000 • PEA assumed 20 ktpa L
Slide 13: Compelling economics: HMW Pilot Plant operations commenced
02 Compelling economics Piloting work and plant will further de-risk HMW HMW Pilot Plant operations commenced • Successful high-flow, high-grade, long- term pumping tests results achieved • Evaporation ramp up – 3 ponds filled with brine, sooner than forecast, and achieving expected brine qualities
Slide 14: Compelling economics: Candelas Project PEA
02 Compelling economics Attractive Candelas growth project Highly complementary 100% owned Candelas Preliminary Economic Assessment (November 2021)1 Project life UoM Years Result 25 Project Steady state lithium carbonate production Tonnes/year 14,000 • PEA assumed 14 ktpa Li 2 CO 3 Long term lithium
Slide 15: Low-cost ktpa base lithium carbonate output projected
02 Compelling economics Low-cost 34 ktpa base lithium carbonate output projected All-in sustaining cost US$/t LCE Galan boasts two PEA level projects with Brine (2021) combined long term base production of Mineral (2021) Hombre Muerto West (Galan) 34 ktpa LCE Candelas (Galan) Provides develo
Slide 16: Low energy and low carbon lithium brine production
03 ESG and sustainable supply Low energy and low carbon lithium brine production Attractive relative Comparison of energy consumption environmental footprint – low impact production • Brine-based lithium has Comparison of CO 2 equivalent emissions superior environmental credentials • Lower energy an
Slide 17: Building the Long-Term ESG Journey
03 ESG and sustainable supply Building the Long-Term ESG Journey Optimising shareholder value is heavily reliant on a healthy environment, social cohesion & support and sound governance • In 2021, Galan partnered with Circulor – full lithium traceability and ESG tracking for lithium brine assets • S
Slide 18: Building the Long-Term ESG Journey
03 ESG and sustainable supply Building the Long-Term ESG Journey Investor Presentation 18
Slide 19: Rapid project delivery
04 Rapid project delivery Fast track route to chloride production and long-term LCE output Targeting first-phase lithium concentrate production from HMW in CY24, Li 2CO 3 from CY25 • Pilot decouples schedule from financing and FID • DFS and associated works and Q3 Q4 Q1 Q2 Q3 Q4 Key business activit
Slide 20: Highly experienced team: Highly qualified Board
05 Highly experienced team Highly qualified Board Richard JP Vargas de Daniel Christopher Terry Homsany la Vega Jimenez Chalwell Gardiner Non-Executive Founder & Non-Executive Non-Executive Non-Executive Chairman Managing Director Director Director Mr Homsany is an experienced Director A civil indus
Slide 21: Highly experienced team
05 Highly experienced team A strong and talented group of professionals with world class knowledge and extensive local experience Boris Alvaro Francisco Pablo Caro Henriquez Lopez Sanz P r oject G r oup G eology Explor ation Bu siness A dvisor/Director Ma nager Ma nager Development & 2 0 y ears p r
Slide 22: Further project pipeline: Greenbushes South Lithium Project
06 Further project pipeline Hardrock lithium exploration upside Greenbushes South Lithium Project - 100% ownership • E70/4790 only 3km south of Greenbushes Lithium mine • Tenements intersect the Donnybrook- Bridgetown Shear Zone • Discovery of lithium bearing pegmatites with 500m+ strike length • An
Slide 23: The premier lithium developer
The premier lithium developer 01 World-class location 02 Compelling economics 03 ESG and sustainable supply 04 Rapid project delivery 05 Best-in class team 06 Further project pipeline Investor presentation 23
Slide 24: On the fast track to lithium production
On the fast track to lithium production With flagship 100% owned HMW and Candelas Projects in South America’s lithium triangle Investor presentation 24
Slide 25: Appendix 1: Mineral Resource estimate
Appendix 1: Mineral Resource estimate M i n e r a l R e s o u r c e S t a t e m e n t f o r C a n d el a s 1 Mineral Resource Statement f or Hombre Muerto West2 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 Equiv. Category (kt) (mg/l) (kt) (mg/l) (kt)
Slide 26: Appendix 2: Peer brine resource table
Appendix 2: Peer brine resource table Salt lake Company Code Li Measured Indicated Inferred Total (ml/L) Kt LCE Kt LCE Kt LCE Kt LCE Salar de Rincon Rincon Lithium JORC 403 3,600 4,300 7,900 Salar de Rincon Argosy JORC 325 245 245 Pozuelos y Pastos Grandes Litica Pluspetrol LSC NI 43-101 509 958 719
Slide 27: Contact details
Level 1, 50 Kings Park Road West Perth, WA 6005 PO Box 584 West Perth, WA, 6872 Phone: +61 8 9214 2150 Email: jp@galanlithium.com.au www.galanlithium.com.au