Lake Resources N.l. · ASX:LKE
Lake Resources N.l — Investor Presentation (January 2019)
24 slides from Lake Resources N.l's investor presentation, Jan 17, 2019
Slide 1: Lake Resources – Large Resource, Deep Technology, Value Faster, Cheaper
LARGE .RESOURCE For personal use only DEEP TECHNOLOGY – VALUE FASTER, CHEAPER LAKE RESOURCES Lithium - Size; Best Location Kachi – Large Resource; New Tech Cauchari /Olaroz - Adjoin Production BEST . 4 PROJECTS - Update – Post Maiden Kachi Resource ADDRESS OPTIONALITY January 2019
Slide 2: Disclaimer
Disclaimer For personal use only General Statement and Cautionary Statement This presentation has been prepared by Lake Resources N.L (Lake) for information purposes and meetings with sophisticated and professional investors, institutional investors and brokers and not any particular party. The info
Slide 3: Investment Highlights
Investment Highlights For personal use only Lake Resources (ASX:LKE) - Lithium exploration/development in Argentina - 3 lithium brine & 1 hard rock lithium project - One of Largest Lease Holdings of Lithium ~ 200,000 Ha, provides scale, optionality Flagship Projects: Kachi - Large Resource (Top 10);
Slide 4: Prime Location
Prime Location For personal use only SQM Production Orocobre Production (Tianqui - $4.1 Bn Center for Major For 24% of SQM) Albemarle OLAROZ PASO Lithium Production Cauchari – And Development Drilling underway in SQM / Ganfeng / Lithium Americas (Recent purchase $237m for 37%) same basin LKE – Large
Slide 5: Experienced Board and Management
Experienced Board and Management For personal use only STEVE PROMNITZ STU CROW NICK LINDSAY ANDREW BURSILL Managing Director Chairman Non-Exec Non-Exec Director CFO/Company Secretary Extensive Project Management More than 25 years of 25+ years of experience in Accounting/ governance experience in So
Slide 6: Comparisons - LKE Deep Value
Comparisons - LKE Deep Value For personal use only Company brine resources in Argentina Size of 1Lithium Brine Resources vs Market Value 8 0.9 Neighbor’s Mkt Value 270% 7 to 1000% larger than LKE 0.8 LKE 6 Neighbours to LKE 4.4 Mt Market Value A$ Billions With similar or smaller 0.7 mineral resource
Slide 7: 9x Li Battery Growth = 8x Lithium Demand
9x Li Battery Growth = 8x Lithium Demand For personal use only More Lithium for More Batteries 150,000 t LCE Production 2017 Need 1,090,000 t LCE more production in 9 years From 3 Megafactories in 2015 (148 GWh) to 68 Megafactories at end 2018 (1450GWh) Minimum 8x growth Up to 11x growth forecast by
Slide 8: Kachi Project
For personal use only KACHI PROJECT Large scale; Low impurities Similar to projects in development Major Resource 4.4 Mt LCE
Slide 9: Kachi – Large Resource
Kachi – Large Resource For personal use only Large Resource – 4.4 Mt LCE • Large salt lake 20km x 15km • Previously untested - now 15 drill holes • 69,000 Ha mining leases & 100% Lake • Indicated Resource 1.0Mt LCE 290mg/L • Inferred Resource 3.4Mt LCE 210mg/L Results: • Good chemistry, low impuriti
Slide 10: Kachi – Large Target
Kachi – Large Target For personal use only Large Project New discovery Exploration Target: 8-17 Mt LCE * 320-210 mg/L Lithium (* see clarification statement) Brine volume Equivalent to 25 x Sydney harbour KACHI PROJECT • Leases: Large area Large Scale; Low Impurities • Located in lowest part of • La
Slide 11: Kachi – Deep Brines
Kachi – Deep Brines For personal use only Potential Expansion • Geophysics show large deep basin with 20 brines from surface to 400-800m depth km • Potential expansion at depth, south & west Galaxy GXY graph 11
Slide 12: Direct Extraction – Kachi Development Options
Direct Extraction – Lilac Kachi – Development Options For personal use only Direct Extraction - Rapid Low US$2600/t Opex Costs Kachi PFS: Conventional & new Direct Extraction methods Conventional Process - Direct extraction Pilot plant planned H1 2019 • Increases grade to 25,000 mg/L lithium • Clean
Slide 13: Mineral Resource Estimate - Kachi
Mineral Resource Estimate - Kachi Table 1 Report Kachi Lithium Project - JORC Code 2012 For personal use only Competent Person’s Statement – Kachi Lithium Brine Project The information contained in this ASX release relating to Exploration Results has been compiled by Mr Andrew Fulton. Mr Fulton is a
Slide 14: Cauchari Project
For personal use only CAUCHARI PROJECT Extensions to known resources Initial drill testing underway Next to major acquisition
Slide 15: Cauchari Brine Project
Cauchari Brine Project For personal use only Likely Extension to Major Resources • Adjoins (SQM)/Ganfeng/ Lithium Americas and Advantage Lithium/Orocobre Development Projects • ( Ganfeng recently acquired SQM 37% equity $237m) • Likely Extension of major resources – 14.8 Mt LCE Lithium • 420-720 mg/
Slide 16: Olaroz Project
For personal use only OLAROZ PROJECT 30km long belt among the Majors Next to Production Drilling after Cauchari
Slide 17: Olaroz Brine Project
Olaroz Brine Project For personal use only 30 km Likely 30 Extension km • Adjoins Orocobre Production • Target same aquifer • Under alluvial cover • Drill targets on basin margin after concept proved at Cauchari drilling Source: Jujuy Registro Grafico Feb 18, Orocobre releases 17
Slide 18: Pegmatites
For personal use only PEGMATITES Past Production – Small scale New models for large deposits Catamarca
Slide 19: Target: Large Scale Deposits – New Exploration Models
Target: Large Scale Deposits – New Exploration Models For personal use only Target: Lithium Mineralization as Spodumene In Large Pegmatite Swarms. 150km long belt of Pegmatites 150 km Large Area ~80,000 hectares • Recent field work created new exploration models • Potential for the belt to host larg
Slide 20: Path to LKE Uplift
Path to LKE Uplift For personal use only Resource Drilling PFS Kachi Cauchari Partners Kachi Resource Olaroz-Cauchari Drilling PFS – Development Options • Kachi – Large Top 10 Resource • Drilling Cauchari – Extensions Strategic Partner Potential • One of last 100% owned brine to high grade results /
Slide 21: Key Milestones
Key Milestones For personal use only 2016 - 2017 Mar/July 2018 Nov 2018 Q1-Q2 2019 H2 2019 • Peg Leases • Kachi Large • Kachi - Large • Cauchari drilling • FS Kachi – Pre-Lithium Discovery Resource 4.4Mt Assess Development • Olaroz drilling Boom • Access • Large target 8-17Mt • Olaroz / Cauchari PFS
Slide 22: Corporate Snapshot
Corporate Snapshot For personal use only LAKE RESOURCES (ASX:LKE) Total Current Shares on Issue 366,141,783 New Large Resource Unlisted Options (5c) Oct 2019 Expiry Unlisted Options (28c) Dec 2020 Expiry 5,052,083 9,500,000 Deep Value vs Peers Notes Unsecured Jun 2020 Expiry (Conversion from Jun 201
Slide 23: Lake Resources contact
LAKE RESOURCES Large Top 10 Resource, Strategic Location, For personal use only Low Opex Potential, Undervalued vs Peers steve@lakeresources.com.au www.lakeresources.com.au +61 2 9188 7864 twitter.com/Lake_Resources IR (Ben) +61 4131 50448
Slide 24: JORC Code 2012; Table Report Kachi Lithium Project
JORC Code 2012; Table 1 Report Kachi Lithium Project For personal use only 24
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