Slide 1: Developing a strategic stockpile of critical mineral graphite and lithium properties
Developing a strategic stockpile of critical mineral graphite and lithium properties in Quebec for a North American climate success story January 2024
Slide 2: Disclaimer
DISCLAIMER This presentation is not a prospectus, offering memorandum or an advertisement and is being provided for information purposes only and does not constitute or form part of, and should not be construed as, an offer or invitation to sell or any solicitation of any offer to purchase or subscr
Slide 3: Land Acknowledgement
Land Acknowledgement We would like to begin by acknowledging that the land/projects where we operate are located within the traditional land of the Algonquin Anishnaabeg and Cree Eeyou Istchee Peoples. Our vision is to embrace Indigenous people and Indigenous values within our projects to develop a
Slide 4: The Lomiko Advantage
The Lomiko Advantage Potential for Wealth Creation Diverse & Experienced Team 15 year life of mine (PEA) and Values driven, energetic and additional claims in region experienced management team Premium Product • 70% fines in flake distribution – anode profile Strong Partnership Focus • Located in st
Slide 5: Lomiko – a responsible operator of choice: a leader in 2023
Lomiko – a responsible operator of choice A leader in 2023 ✓ Increase of 184% in tonnage for the Indicated Mineral Resource category in updated 2023 MRE – the largest southernmost graphite resource in Canada ✓ Met with many local community members and communicated with mayors throughout 2023 ✓ Demon
Slide 6: Lomiko collaborations
LOMIKO Lomiko collaborations € ss ¢ WA Investissement CRITM LOLS iN = Quebec vactour de tronaformation ndtique International SOMUEM ._.. Canada . National Research UNIVERSITE Council Canada LAVAL Conseil national de recherches Canada ATTRIBUTES EVALUATED: ULCOM/EL NRC-IRAP Industrial Research Assist
Slide 7: www.lomiko.com TSXV: LMR OTC: LMRMF FRANKFURT: DH8C
www.lomiko.com TSXV: LMR OTC: LMRMF FRANKFURT: DH8C 7
Slide 8: Ranked as the seventh biggest deposit worldwide by Mining.COM
Lomiko advantage: Ranked as the seventh biggest deposit worldwide by Mining.COM Source: Company filings 8
Slide 9: Market for Graphite
Market for Graphite 9
Slide 10: PRC announces natural flake and synthetic graphite export restrictions
PRC announces natural flake and synthetic graphite export restrictions • Restrictions set in December 2023 • China has declared its intention to implement export permits for certain graphite products to safeguard national security. This move is part of China's broader strategy to regulate the supply
Slide 11: Electric Vehicle Market & Outlook
Electric Vehicle Market & Outlook + Rocks and Stocks + January 2024 North American Market: EV Sales ‘000 sales 240 Husa Canada 180 120 60 ie) Jan- Apr- Jul- = Oct- — Jam-)— Apr- — Jul- = Oct- Jan- — Apr- — Jul- = Oct- = Janm-—s Apr- ss Jul- — Oct- 21 21 21 21 22 22 22 22 23 23 23 23 24 24 24 24 202
Slide 12: The EV market is in high growth mode
The EV market is in high growth mode • International Energy Agency (IEA): the number of electric cars, vans, trucks and buses on roads is forecast to grow from 11M in 2020 to 145M by 2030 (Right) • In 2022, China accounted for over 50% of all EVs on the road (13.8M of 26M globally) The surging EV ma
Slide 13: Lomiko can provide 10% of North American graphite
Lomiko can provide 10% of North American graphite A massive increase in battery plant capacity - most to start production from 2025-2030 • A wave of new planned electric vehicle battery plants will increase North America’s battery manufacturing capacity from 55 GWh/year in 2021 to nearly 1,000 GWh/y
Slide 14: Graphite shortfall starting in 2023
Graphite shortfall starting in 2023 Shortfall to increase to 8Mt by 2040 Projected Anode Demand (Mt) Graphite Market Balance - Projected Demand and Supply (Mt) 12,000,000 9,000,000 8,000,000 DEMAND IS EXPECTED TO 10,000,000 EXCEED SUPPLY BY 2023 – 7,000,000 AND CONTINUE BEYOND 6,000,000 8,000,000 La
Slide 15: La Loutre Graphite Project
La Loutre Graphite Project 15
Slide 16: La Loutre PEA details
La Loutre PEA details • Two known deposits currently being explored: EV Carmin Zone and Battery Zone Zone • LOM plant production of 21.8 Mtonnes of mill feed at 6.78% Cg diluted EV Zone • Graphite concentrate production at 1.43 Mtonnes Battery grading 95.0% Cg Zone • 14.7-year mine life producing 10
Slide 17: Achieving 184% Increase in Tonnage Indicated Mineral Resources
Achieving 184% Increase in Tonnage Indicated Mineral Resources La Loutre Resource Estimate (Effective Date: March 31, 2023) - PFS Source: InnovExplo March 2023 2023 MRE 2021 MRE Deposit EV Battery TOTAL EV Battery TOTAL Cut-off (%) Cg 1.5 1.5 1.5 1.5 1.5 1.5 Indicated Tonnage (kt) 24,267 40,429 64,6
Slide 18: La Loutre graphite project close to infrastructure with great geological setting
La Loutre graphite project close to infrastructure with great geological setting • 50% complete Preliminary Feasibility Studies (“PFS”) Phase I complete • Phase II La Loutre Graphite Project To PFS for La Loutre Cost ($M) Mining Plan $0.3 Mining Geotechnical $0.9 Power and Access Road Study $0.2 Inf
Slide 19: La Loutre half-cell battery testing surpassed commercial graphite results
La Loutre half-cell battery testing surpassed commercial graphite results ✓ Demonstrated that La Loutre material is suitable for battery applications – half-coin battery testing with Polaris Battery Labs, LLC, USA, is demonstrating higher reversible capacity compared to commercially available graphi
Slide 20: La Loutre Graphite Met Studies - Summary
La Loutre Graphite Met Studies - Summary ✓ SGS & Metpro Characterization Study, Feb 2023: 640kg core sample that was homogenized and used to test the graphite mineralization. Optimization of the flotation circuit resulted in achieving 94.7% recovery and reconciled LCT (Locked Cycle Testing) testing
Slide 21: SGS Characterization Study, 2023: 70% fines content
SGS Characterization Study, 2023 70% fines content in the flotation concentrate • Developed and optimized PFS level flotation plant flowsheet -LCT testing achieved 94.7% recovery and 98.6% - 99.1% Cg reconciled grade • La Loutre flake distribution is ~70% fines - suitable for anode market 37% growth
Slide 22: La Loutre metallurgical program 99.99% purified graphite content
La Loutre metallurgical program 99.99% purified graphite content ✓ Completed PFS level met testing and optimized flow sheet ✓ Completed value-added testing with ProGraphite – micronization, spheroidization, and purification: ✓ Proved that La Loutre material is suitable for battery applications - Sph
Slide 23: La Loutre graphite development milestones
La Loutre graphite development milestones • Permitting and capital dependent PFS Pilot Plant Testing Feasibility Study Permitting Construction Production 2024 2025 2026 2027 2028 23
Slide 24: Lomiko Exploration Potential
Lomiko Exploration Potential 24
Slide 25: Graphite: Carmin
Graphite: Carmin Carmin - historic PFS contiguous to La Loutre Carmin The original historical estimate contemplated certain assumptions Zone A where the mineral resources are stated as Proven and Probable resources for Sites A and B. • Site A: total 1.55 Mt at 10.0% Cg Proven: 1.47 Mt at 10.29% Cg (
Slide 26: Regional exploration in Grenville belt
Regional exploration in Grenville belt Most prospective graphite belt in North America • Completed 1,518-line kilometers of heliborne geophysical surveys completed over the six graphite properties, with 55 targets identified • 264 claims in total on 6 early-stage projects covering 15,639 hectares in
Slide 27: Lithium exploration on massive claim package on Nemaska lithium corridor
Lithium exploration on massive claim package on Nemaska lithium corridor Bourier Property 27
Slide 28: Lithium exploration on massive claim package on Nemaska lithium corridor
Lithium exploration on massive claim package on Nemaska lithium corridor Bourier • 49% ownership achieved • 203 claims for a total ground position of 10,252 hectares (102 km2) that boasts other lithium deposits and known lithium mineralization • Bourier consists of volcano-sedimentary units, a seque
Slide 29: Lomiko Advantage
Lomiko Advantage 29
Slide 30: NPV scenario analysis: positively leveraged to graphite price increases
NPV scenario analysis: Positively leveraged to expected graphite price increases • PEA used a graphite concentrate selling price of US $916/t (basket price) • The current forecast selling price for +94%Cg is US $1,070/t of graphite concentrate (source: Benchmark / Lone Star) • Current public informa
Slide 31: Concentrate Grade and NPV/Capex Multiple
Lomiko advantage: Concentrate Grade and NPV/Capex Multiple • Updating the Lomiko PEA for USD $1,500/t Graphite selling price improves on current solid project returns. • The La Loutre project combines high-grade coventrate with compelling economics of a post-tax IRR of 43%, post- tax NPV of $520M, a
Slide 32: High Quality project with low capital requirements combined with High-Grade Graphite Concentrate
Lomiko advantage: High Quality project with low capital requirements combined with High-Grade Graphite Concentrate Project Location Africa/Europe North America 32
Slide 33: Cut-Off Grade & Graphite Con Grade
Lomiko advantage: Cut-Off Grade & Graphite Con Grade Lower cost and higher recovery Project Location Africa/Europe North America 33
Slide 34: PEA: The La Loutre project delivers 97.4kt/year over a 15-year mine life
PEA: The La Loutre project delivers 97.4kt/year over a 15-year mine life – PEA only, expansion possible Lomiko – La Loutre Operating Graphite Mines Source: Company filings 34
Slide 35: Capital Structure
Capital Structure As at Jan 20, 2024 Shares Issued & Outstanding 400.7M Market Cap $6.0M Options 24.3M Cash* $1.5M Warrants 143.0M Debt $- Share Units (PSU/RSU/DSU) 12.2M Total Enterprise $4.5M Value * Cash balance from interim financials – October 31, 2023 Fully Diluted 580.2M Source: Company Data
Slide 36: Diverse leadership & Experienced team, board and advisors
Diverse leadership & Experienced team, board and advisors MANAGEMENT TEAM BOARD OF DIRECTORS Belinda Labatte, CEO, CFA, MBA, ICD.D Sagiv Shiv, Lead Independent Director and Chair of Audit Committee 1,3 20 years experience in capital markets. Fluent in French. Served as Chief Head of M&A at ACP Capit
Slide 37: For more information
For more information info@lomiko.com Follow us @lomikometals on socials l l l f l
Slide 38: 97 graphite mines needed to fuel the EV revolution
97 graphite mines needed to fuel the EV revolution How many mines do we need? • Benchmark forecasts how many mines need to be built in the short time frame to keep up with exceptional volumes of demand needed for key raw materials expected by 2035 • La Loutre is positioning itself for success as a r
Slide 39: La Loutre: PEA Layout – great base to build on
La Loutre: PEA Layout – great base to build on Mine layout and costs – PEA • Waste rock and tailings co-disposed • Efficient site water management with WASTE ROCK & no wet tailings EV ZONE CODISPOSAL PILE • Pits sequenced to maximize the returns starting from North – EV Pits to South – Battery Pits
Slide 40: A responsible operator with track record of execution
A responsible operator with track record of execution Studies completed ✓ Completed 13,000m+ of drilling at La Loutre with exceptional results ✓ Completed NI-43-101 mineral Resource for La Loutre ✓ Completed 12 months of environmental baseline studies ✓ Completed pre-feasibility metallurgical test p
Slide 41: Lomiko achieved UL ECOLOGO certification
Lomiko is pleased to announce that it has achieved UL ECOLOGO certification® What is it? - Ecologo (UL) is a certification specifically designed for mineral exploration. It contributes to the establishment of a social license within the socio-economic ecosystem of projects, in full transparency. - I