Lake Resources N.l. · ASX:LKE
Lake Resources N.l — Shareholder Meeting (November 2024)
21 slides from Lake Resources N.l's shareholder meeting presentation, Nov 21, 2024
Slide 1: Annual General Meeting 2024
Annual For personal use only General Meeting 2024 David Dickson Managing Director / Chief Executive Officer ASX: LKE; OTC: LLKKF lakeresources.com.au
Slide 2: Disclaimer
Disclaimer General Statement and Cautionary Statement This presentation has been prepared by Lake Resources N.L. (Lake) for information purposes and not any particular party. The information in this presentation is based upon public information and internally developed data and reflects prevailing c
Slide 3: Agenda
Agenda 1. Lake Overview For personal use only 2. Market Backdrop 3. One Year in Review 4. Financial Update & Next Year Priorities 3
Slide 4: Lake Overview
Lake Overview Developing a Critical Global Asset in Argentina For personal use only Globally significant lithium asset in a premier mining jurisdiction Clear strategy with significant upside Strong commitment to responsible lithium development DLE is intrinsically cleaner extraction method w
Slide 5: Lake Strategy
Lake Strategy Three main strategic priorities for Lake Resources For personal use only Extend Financial Runway Monetize non-core assets Right-size business (diligent cost analysis continues) Secure Strategic Partner and Offtake ONGOING Arrangement for Kachi ONGOING EIA Permit Approval TO DO De
Slide 6: Market Backdrop
For personal use only Market Backdrop
Slide 7: Long term outlook for lithium demand remains robust
Long term outlook for lithium demand remains robust Lithium demand is expected to double every five years For personal use only Battery grade lithium demand ‘000 LCE Battery grade lithium demand in ‘000 LCE Battery grade lithium demand in ‘000 LCE (Benchmark Minerals Forecast) (Wood Mackenzie Foreca
Slide 8: Lithium market expected to be oversupplied for the next 6 to 7 years
Lithium market expected to be oversupplied for the next 6 to 7 years Market deficit outlooks have pushed right and now expected to kick in between 2030 and 2031 Lithium Supply/Demand/Balance Lithium Supply/Demand/Balance Lithium Supply/Demand/Balance For personal use only Benchmark Minerals Wood Mac
Slide 9: Lithium prices expected to be "lower for longer"
Lithium prices expected to be “lower for longer” Long term incentive prices1 for greenfield lithium projects are all significantly higher than current spot price i.e., without increased prices, new market supply will not be economically incentivized to come to market For personal use only Battery Gr
Slide 10: Recent macro events point to growing confidence in lithium outlook
Recent macro events point to growing confidence in lithium outlook globally and in Argentina Events Summary Implications for Lake For personal use only Provisions include: • Removal of effect of exchange controls Argentina • Sets corporate income tax rate at 25% vs. 35% • Passage of RIGI to Encourag
Slide 11: One Year in Review
For personal use only Review One Year in
Slide 12: Key Milestones and Achievements Since Last AGM
Key Milestones and Achievements Since Last AGM Initiated Strategic EIA Approval Obtained9 FID Targeting 20259 Partnering Process For personal use only for Kachi3 Definitive Feasibility Secure Strategic First Lithium Study (DFS) Partner and Kachi Environmental Impact Production Targeting Completed6 L
Slide 13: Kachi Highlights
Kachi Highlights 1 World Class 25ktpa Battery Grade Lithium Project; Globally Significant 10.6Mt LCE For personal use only Resource; Strategically Important to Argentina 2 Proven Ion-Exchange DLE Technology Increases Process Efficiency and Reduces Environmental Footprint; Recent Technology Updates Y
Slide 14: Kachi vs. Selected Lithium Carbonate Assets in Lithium Triangle
Kachi vs. Selected Lithium Carbonate Assets in Lithium Triangle Total Resources (Mt LCE) 15.1 For personal use only 11.8 11.1 10.6 6.6 6.0 4.9 1.9 1.2 Centenario Ratones Pozuelos-Pastos Hombre Muerto Asset Rincón Kachi1 Cauchari Pastos Grandes Maricunga Laguna Verde (Phase 1 Only) Grandes West Owner
Slide 15: Financial Update & Next Year Priorities
For personal use only Financial Update & Next Year Priorities
Slide 16: Non-Core Asset Sale Provides Non-Dilutive Capital
Non-Core Asset Sale Provides Non-Dilutive Capital1 A wholly-owned subsidiary of Lake has entered into an asset sale agreement with Austroid Corporation for the sale of three of its non-core lithium brine assets in Argentina for US$9 million (approximately A$13.6 million) with closing expected by y
Slide 17: Cash Position and Finance Update
Cash Position and Finance Update Liquidity Position Lake held cash of approximately A$17.5 million (US$12.1 million) at 30 September 2024 (including currencies in AUD, USD and Argentine Pesos) with no debt1 For personal use only With cash on hand and the expected proceeds from the Transaction, t
Slide 18: Near Term Priorities
Near Term Priorities Key Takeaways For personal use only Complete Strategic Partnership process Strategically deliver Complete FEED study for high voltage power supply with YPF-Luz Kachi Obtain EIA approval Close and fund sale of non-core assets Provide sufficient Undertake further cost op
Slide 19: Appendix
For personal use only Appendix ASX: LKE; OTC: LLKKF lakeresources.com.au
Slide 20: Kachi Overview
Kachi Overview Kachi scale and expansion potential underpin its strategic attractiveness For personal use only Project Highlights Location Catamarca Province, Argentina Phase 1 DFS completed in December 2023 Project Stage Near “shovel ready” Products Battery Grade Lithium Carbonate (>99.5% purit
Slide 21: Mineral Resource Estimate Table
Mineral Resource Estimate Table Measured November 2023 (to 400 m depth) Inferred November 2023 Sediment Specific Brine Tonnes Sediment Specific Brine Tonnes 3 3 3 3 Unit Volume m Yield % Volume m Liters Li mg/l Li grams Li Tonnes LCE Unit Volume m Yield % Volume m Liters Li mg/l Li grams Li Tonnes L
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