Emp Metals Corp · CSE:EMPS
Emp Metals — Investor Presentation (January 2024)
28 slides from Emp Metals's investor presentation, January 2024
Slide 1: Investor Presentation
Investor Presentation empmetals.com | CSE: EMPS | OTCQB:EMPPF Primed to Become a Leading Lithium Producer in Saskatchewan
Slide 2: Forward-looking statements
This presentation contains “forward looking which may cause results to differ from those contained statements” within the meaning of applicable in forward-looking statements is included in filings by Canadian securities legislation. Statements in this news the Company with securities regulatory auth
Slide 3: Focused on Direct Lithium Extraction (DLE) amenable assets in Saskatchewan
Focused on Direct Lithium Extraction (DLE) amenable assets in Saskatchewan SE Saskatchewan Mining Investment*: • 3rd most attractive jurisdiction worldwide • 1st in Canada • Direct access to North American markets • Excellent infrastructure -highways, rail, power, natural gas & rigs Hub City Lithium
Slide 4: NI 43-101 Resource Assessment 11-2 and 14-36 (Mansur #1 and #2) Well Results
NI 43-101 Resource Assessment 11-2 and 14-36 (Mansur #1 and #2) Well Results • Inferred Resource: 399,364 t LCE • Swab-tested: 53 – 148 mg/L (6/7 zones) • Weighted average [C] Li: 143.4 mg/L • Flow tested: 528 m3/d • Net hectares: 14,116 (54.5 sections) • Net Pay: 79m • Effective Porosity: 8.3 – 13.
Slide 5: NI 43-101 Resource Assessment 2-22 and 4-23 (Viewfield #1 and #2) Well Results
NI 43-101 Resource Assessment 2-22 and 4-23 (Viewfield #1 and #2) Well Results • Inferred Resource: 747,526 t LCE • Swab-tested: 56 – 259 mg/L (8/8 zones) • Weighted average [C] Li: 143.4 mg/L • Flow-tested: 600 m3/d @ 200 mg/L Li • Net hectares: 11,072 (42.75 sections) • Net Pay: 80m • Effective Po
Slide 6: DLE hubs producing 62,000 m3/d
• 5 DLE hubs producing 62,000 m3/d (12,400 m3/d each) • 2 CRC refinement facilities connected via pipe to DLE hubs • 36 multi-leg horizontal production wells (2,000 m3d each) • 30 vertical water disposal wells • 12,175 Tpa LCE • Stage 1: (Upper) Wymark CDE 18,600 Tpa until 2027 184 mg/L avg. • Stage
Slide 7: PEA Values
Description Values Production LCE 12,175 tonnes/year Project Life 23.2 years Total Capital Cost US$571 million Average Annual Operating Costs US$40 million Average Selling Price (LCE) US$20,000/tonne Pre-Tax Net Present Value (8% discount) US$1.493 billion After-Tax Net Present Value (8% discount) U
Slide 8: HCL Viewfield PEA - Sensitivity Analysis
After-Tax NPV(8) IRR (%) HCL Viewfield PEA - Sensitivity Analysis HCL Viewfield PEA - Sensitivity Analysis Atax NPV(8) vs. OPEX, CAPEX, PRICE IRR (%) vs. OPEX, CAPEX, PRICE $1,600 100 90 $1,400 80 $1,200 Atax NPV(8) (USD $ 000) Atax NPV(8) (USD $ 000) 70 $1,000 60 $800 50 40 $600 30 $400 OPEX $/tonn
Slide 9: Average Lithium Concentration vs. Inferred Resource
Average Lithium Concentration (mg/L) vs. Inferred Resource (MM tonnes LCE) 500 Standard Lithium (SWA), 437 * Potential Economic Cut-offs 450 Average Li Concentration (mg/L) 400 350 300 Standard Lithium (Lanxess P+P Phase… 250 Standard Lithium (Lanxess), 200 168 Anson Resources (A1 Lithium), 125 150
Slide 10: OPEX vs. CAPEX
OPEX vs. CAPEX $8,000 $7,000 Standard Lithium (Lanxess P+P Phase I) $6,000 OPEX ($USD / tonne LCE) Standard Lithium (SWA) $5,000 Compass Minerals (W) Compass Minerals ( E) Anson Resources (A1 Lithium) LithiumBank (Boardwalk) $4,000 Standard Lithium (Lanxess) Grounded Lithium E3 Lithium Pure Energy M
Slide 11: IRR vs. NPV
IRR vs. NPV 60.0% COMPANY $USD/TONNE (YEAR OF REPORT) COMPANY $USD/TONNE (YEAR OF REPORT) 50.0% GRD $25K (2023) EMP $20K (2023) 40.0% IRR (% After-tax) ASN $19K (2022) SLI (LANX) $13.5K (2019) SLI (SWA) $30K (2023) 30.0% CMP E $13K (2022) ETL $14K (2021) SLI (LANX Phase I) CMP W $16K (2022) PE $13K
Slide 12: IRR vs. OPEX
IRR vs. OPEX 60.0% COMPANY$USD/TONNE COMPANY $USD/TONNE(YEAR (YEAROF OFREPORT) REPORT) 50.0% GRD $25K (2023) EMP $20K (2023) 40.0% SLI (LANX) $13.5K (2019) ASN $19k (2022) IRR (% After-tax) SLI (SWA) $30K (2023) 30.0% CMP E $13K (2022) ETL $14K (2021) CMP W $16K (2022) SLI (LANX Phase I) 20.0% AZLAF
Slide 13: Resource Assessment 2023-Q2 and DLE Vendors
Resource Assessment 2023-Q2 • NI 43-101 Inferred Resource Assessment for Mansur and Viewfield areas completed Lithium DLE (Direct Lithium Extraction) Vendors 2023-Q4 • Energy Source Minerals (ESM) - Phase 300 pilot successfully processed 87,000 litres Viewfield brine - Feed brine was concentrated 7.
Slide 14: Lithium CRC Vendor 2023-Q4 Saltworks Technologies
Lithium CRC (Concentration, Refinement, Crystallization) Vendor 2023-Q4 • Saltworks Technologies - Design, development, and testing of CRC flowsheet - ‘Pilot 1’ testing to de-risk DLE eluate processing - Produced 1.4 kg of 99.95% pure battery-grade lithium carbonate
Slide 15: PEA for Viewfield Area 2024-Q1
PEA for Viewfield Area 2024-Q1 • Completed by Sproule Associates Limited - Resource to be developed by multi-lateral horizontal wells (1,500 – 3,000m) - High grade zones targeted for first 7 years of production (160 mg/L – 259 mg/L) Field Pilot Plant - Viewfield Area 2024-Q1 • Koch Technology Soluti
Slide 16: Continue Viewfield and Mansur Evaluation 2024-Q1
Continue Viewfield and Mansur Evaluation 2024-Q1 • Development drilling program to commence June 2024 • Survey and license 4 vertical wells in Mansur and Viewfield areas ‐ Confirm reservoir quality and lithium concentrations, upgrade resource • Survey and license 1 horizontal well in Viewfield area
Slide 17: FEED Study 2024-Q1 Saltworks Technologies
FEED Study (Front End Engineering & Design) 2024-Q1 • Saltworks Technologies - FEED study for 3,000 Tonne/year brine-to-battery grade LCE refinery - Convert larger volumes of HCL’s supplied DLE eluate into > 25 kg batches of battery grade lithium carbonate
Slide 18: Share Structure
Share Structure Issued & Outstanding 91,673,571 Warrants 28,259,427 Options 7,258,332 Fully Diluted 127,191,330 Corporate Information Financial Year End April 30 Auditors Baker Tilly Transfer Agent Endeavor Trust Corp. Exchanges CSE: EMPS OTCQB: EMPPF ~$7.3 million strategic investment from Tembo Ca
Slide 19: Management and Directors
Rob Gamley, BSc. Craig Foggo, BSc., B.Com Brian Balazs, BSc. President & CEO, Director Director Technical Consultant Over 10 years of corporate finance and capital Over 20 years diverse experience in the mining Over 30 years of experience encompassing all markets experience, consulting to public ind
Slide 20: ROK Resources Leadership
Cam Taylor, BSc. Bryden Wright, P. Eng. Jared Lukomski Chairman & CEO ROK Resources President & COO ROK Resources Sr VP Land & Business Dev. ROK Resources Co-founder of ROK Resources Inc., Co-founder of ROK Resources Inc., and former Co-founder of ROK Resources Inc., and former former President and
Slide 21: Appendix: Geology, Maps and Lithium Market Trends
a a fe) (3) n” = < Ee w = a = wi APPENDIX GEOLOGY, MAPS AND LITHIUM MARKET TRENDS
Slide 22: The Duperow Advantage
The Duperow Advantage • Regionally extensive, dolomitized reservoir with aquifer support • Restricted depositional environment with multiple evaporitic cycles • Evapo-concentrated Devonian seawater high in lithium concentration • No H2S, organics, or residual oil • Shallow drilling depth (1,800m) •
Slide 23: Lithium Concentrations Across Alberta, Saskatchewan, Manitoba
ALBERTA SASKATCHEWAN MANITOBA PRISM DIVERSIFIED 46-96 mg/L PEACE RIVER ARCH LITHIUM BANK NEOLITHICA 70 mg/L 68 mg/L HELIOS X 75-100+ mg/L EMPIRE METALS 76 mg/L LEDUC REEF TRENDS 75 mg/L DUPEROW SHALLOW WATER CARBONATE 48 mg/L 74 mg/L E3 HIGHWOOD GROUNDED LITHIUM EMP METALS CORP. FLOWING LITHIUM 143
Slide 24: Probabilistic Assessment Inferred Resource - Lithium in Place Summary
Probabilistic Assessment • Each zone mapped individually for net pay and porosity (PHI*h) • Applied Monte Carlo simulation to account for range of Li concentrations per zone • P50 value used to calculate brine volume and resource in place Inferred Resource - Lithium in Place Summary LCE Resource in
Slide 25: Viewfield Oil and Gas Development
VIEWFIELD OIL AND GAS DEVELOPMENT a a4 ° (3) 7) a zt Ee WW = a = wi
Slide 26: Increasing demand for lithium-ion batteries
Increasing demand for lithium-ion batteries in various applications, especially the automotive industry, is expected to augment market growth in the coming years. Lithium is a key element in rechargeable batteries which not only power electric vehicles (EVs) but must also be implemented on a mass sc
Slide 27: Global lithium market size
The global lithium market size was valued at USD 4.23 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 1.9% from 2020 to 2027.
Slide 28: Contact Us
Contact Us Rob Gamley Paul Schubach CEO & President COO rob@empmetals.com paul@empmetals.com Corporate Head Office 208A – 980 West 1st Street North Vancouver, BC V7P 3N4 +1 604-689-7422 www.empmetals.com CSE: EMPS OTCQB: EMPPF