Lake Resources N.l. · ASX:LKE
Lake Resources N.l — Investor Presentation (May 2024)
32 slides from Lake Resources N.l's investor presentation, May 6, 2024
Slide 1: Investor Presentation
Investor Presentation For personal use only May 2024 1
Slide 2: Disclaimer
Disclaimer General Statement and Cautionary Statement For personal use only 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
Slide 3: Key Investment Highlights
Key Investment Highlights For personal use only 1 World Class 25ktpa Battery Grade Lithium Project 2 Globally Significant 10.6Mt LCE Resource Facilitates Potential Further Expansion Proven Ion-Exchange DLE Technology Increases Process Efficiency and Reduces 3 Environmental Footprint 4 Advanced Techn
Slide 4: Lithium demand growth is forecasted to be robust
Lithium demand growth is forecasted to be robust Lithium demand is expected to double by 2026 and triple by 2030, from 2023 levels § Persistent year-on-year growth underscores how critical lithium is to modern technologies For personal use only § The upward trend in lithium demand presents a compell
Slide 5: But not enough projects in the pipeline to meet 2030 demand
But not enough projects in the pipeline to meet 2030 demand For personal use only There is a significant risk of supply shortages by 2030 5
Slide 6: Significant capital required to ensure future lithium supply
Significant capital required to ensure future lithium supply The lithium industry is estimated to need ~$9B in annual capex between now and 2030 For personal use only Estimated Lithium Capital Requirements $226B § Estimates may be understated § New lithium sources are more costly to extract and refi
Slide 7: But current pricing environment does not support expansion
ibdroot\projects\IBD-NY\lupine2023\917532_1\02. Presentations\2024.02.xx - JV Partnering Process CIM\2024.02.xx - Strategic Partnering Process CIM_v33.pptx But current pricing environment does not support expansion Today’s pricing almost guaranteed to ensure future deficit For personal use only Batt
Slide 8: The security of future lithium supply is virtually impossible without Argentina
The security of future lithium supply is virtually impossible ibdroot\projects\IBD-NY\lupine2023\917532_1\02. Presentations\2024.02.xx - JV Partnering Process CIM\2024.02.xx - Strategic Partnering Process CIM_v33.pptx without Argentina For personal use only Forecast Argentina Lithium Mine Supply (to
Slide 9: Kachi – Lake's Flagship Project
Kachi – Lake’s Flagship Project § Kachi Project Phase One Definitive Feasibility Study 1 (“DFS”) completed in December 2023 For personal use only § Located in Catamarca region, within the Lithium Triangle which holds ~56% of the world’s lithium reserves2 § Using ion exchange DLE technology to optimi
Slide 10: Sizeable Resource with Embedded Upside
Sizeable Resource with Embedded Upside Kachi M&I resource Resource expansion from June 2023 update1: estimate increased For personal use only ■ Measured resource has 250% since June 2023 increased from 2.2 to 3.0 million tonnes LCE 10.6 ■ Indicated resource has 8.1 increased from 0.72 to 4.3 million
Slide 11: Significant Technical Work Completed to Prove DLE Technology
Significant Technical Work Completed to Prove DLE ibdroot\projects\IBD-NY\lupine2023\917532_1\02. Presentations\2024.02.xx - JV Partnering Process CIM\2024.02.xx - Strategic Partnering Process CIM_v33.pptx Technology DLE– Lilac Solutions Ion Exchange 100% Lithium Recovery n On-site demo plant operat
Slide 12: Cleaner Lithium by Design
ibdroot\projects\IBD-HK\labelled2023\921886_1\Investor Presentation\2024.02.26 - Lake Resources Investor Cleaner Lithium by Design Presentation_Draft.pptx 1 Higher Lithium Recovery 2 Lower Water Usage2 For personal use only 15% 60% 45x Higher Higher Lower Metric Tonne of Lithium Cubic Meter Per Metr
Slide 13: Financial Results – DFS, December 2023
Financial Results – DFS, December 2023 Targeted project financial results1 ($USD) For personal use only Units Period DFSResult Phase One DFS Financial Outputs Lithium CarbonateRevenue $M Life of Mine 20,700 Phase One – 25 ktpa LCE Lithium CarbonateRevenue $M Annual Average 827 Production Target2 EBI
Slide 14: Kachi - Operational Updates
Kachi - Operational Updates • Achieved critical milestone for power solution1: For personal use only • Signed Exclusivity Agreement with YPF Luz to support the power solution and create a binding commercial agreement • YPF Luz will perform the Front-End Engineering Design (“FEED”) work for the propo
Slide 15: Robust Strategic Partner Process for Kachi Underway, led by Goldman Sachs
Robust Strategic Partner Process for Kachi Underway, led by Goldman Sachs Contemplated Process for Strategic Partner Process1 Car Car & & Battery Battery Manufacturers For personal use only Official Launch n January 2024 – UNDERWAY Manufacturers End-users End-users // offtakers offtakers with with a
Slide 16: Capital Management to Extend Financial Runway
Capital Management to Extend Financial Runway n Executed a A$15 million placement from new and existing institutional and retail investors at $0.07 per share.1 For personal use only n Following Placement Lake offered a SPP to existing shareholders, which resulted in an additional A$1.5m in gross pro
Slide 17: Why Invest in Lake Resources?
Why Invest in Lake Resources? § At current lithium prices, there are not enough projects moving to FID to fill the For personal use only supply gap Compelling Market Fundamentals § This will cause a prolonged deficit of lithium supply towards end of decade which is expected to drive prices upward §
Slide 18: Appendix A – Supporting Materials
For personal use only Appendix A – Supporting Materials 18
Slide 19: Kachi Project Timeline
Kachi Project Timeline Recruited Experienced Management and Successful Completion of Demo Resource drilling Technical Team1 For personal use only Preliminary Plant – Produced 1,300Kg of Environmental and completion of Pilot Plant Environmental Battery Grade Lithium Carbonate Impact Pre-Feasibility S
Slide 20: Ore Reserves
ibdroot\projects\IBD-NY\lupine2023\917532_1\02. Presentations\2024.02.xx - JV Partnering Process CIM\2024.02.xx - Strategic Ore Reserves Partnering Process CIM_v33.pptx Average Lithium Reserve Category Years Lithium (Tonnes) LCE(Tonnes) Concentration (mg/L) For personal use only Proved 1 3,600 18,90
Slide 21: Proven, Scalable Production of Battery Grade Lithium Carbonate with a World Class Partner
ibdroot\projects\IBD-NY\lupine2023\917532_1\02. Presentations\2024.02.xx - JV Partnering Process CIM\2024.02.xx - Strategic Proven, Scalable Production of Battery Grade Lithium Carbonate with a Partnering Process CIM_v33.pptx World ClassPartner, Using Ion-Exchange DLETechnology Recently Closed Serie
Slide 22: Overview of Proposed Project Site Layout
ibdroot\projects\IBD-NY\lupine2023\917532_1\02. Presentations\2024.02.xx - JV Partnering Process CIM\2024.02.xx - Strategic Overview of Proposed Project Site Layout Partnering Process CIM_v33.pptx Kachi is a large-scale lithium carbonate project with significant LCEresource and further expansion pot
Slide 23: Review of Process Flow Sheet
ibdroot\projects\IBD-NY\lupine2023\917532_1\02. Presentations\2024.02.xx - JV Partnering Process CIM\2024.02.xx - Strategic Review of Process Flow Sheet Partnering Process CIM_v33.pptx Proven flow sheet produces high purity battery grade lithium carbonate1 within several hours of extraction Kachi Ph
Slide 24: Phase One DFS Demo Scope – Battery Grade By Design
ibdroot\projects\IBD-NY\lupine2023\917532_1\02. Presentations\2024.02.xx - JV Partnering Process CIM\2024.02.xx - Strategic Partnering Process CIM_v33.pptx Phase One DFS Demo Scope – Battery Grade By Design Balance of Plant (BOP) – Saltworks Technologies n The BOP process consists of industry standa
Slide 25: Battery Grade Lithium Carbonate Consistently Produced
ibdroot\projects\IBD-NY\lupine2023\917532_1\02. Presentations\2024.02.xx - JV Partnering Process CIM\2024.02.xx - Strategic Partnering Process CIM_v33.pptx Battery Grade Lithium Carbonate Consistently Produced Concentrate Assay Range Lithium Carbonate Produced from Kachi Concentrate Typical Concentr
Slide 26: Strong Community and Government Engagement
Strong Community and Government Engagement § Looking forward to building relationship with recently For personal use only elected Federal government § Continued strong relationship with Catamarca government § Monthly meetings with local government and community to provide status updates of Kachi Pro
Slide 27: Lithium Producers Cash Costs Comparison
ibdroot\projects\IBD-NY\lupine2023\917532_1\02. Presentations\2024.02.xx - JV Partnering Process CIM\2024.02.xx - Strategic Lithium Producers CashCosts Comparison Partnering Process CIM_v33.pptx Kachi is in the middle of the pack compared to lithium producers peer set cash costs For personal use onl
Slide 28: Non-GAAP Financial Measures
Non-GAAPFinancial Measures Definitions For personal use only Note: These financial definitions are alternative performance measures that are not defined or specified under IFRSor AASCstandards and for which there are no generally accepted reporting formats EBITDA= Earnings before Interest, Taxes, De
Slide 29: Appendix B – Resources and Reserves
ibdroot\projects\IBD-HK\labelled2023\921886_1\Investor Presentation\2024.02.26 - Lake Resources Investor Presentation_Draft.pptx For personal use only Appendix B– Resources and Reserves 29
Slide 30: Resource Statement
ibdroot\projects\IBD-HK\labelled2023\921886_1\Investor Presentation\2024.02.26 - Lake Resources Investor ResourceStatement Presentation_Draft.pptx For personal use only Note: This table has been directly extracted from the JORCupdate announced on 22 November 2023. Lake Resources N.L. confirms that i
Slide 31: Reserve Statement
ibdroot\projects\IBD-HK\labelled2023\921886_1\Investor Presentation\2024.02.26 - Lake Resources Investor ReserveStatement Presentation_Draft.pptx For personal use only Note: This table has been directly extracted from the maiden Ore Reserve statement announced on 19 December 2023. Lake Resources N.L
Slide 32: For personal use only
Investor Presentation For personal use only May 2024 32
Lake Resources N.L. — Investor Presentation (May 2024) on 6ix