Slide 1: Construction of the Territory's First Lithium Mine has started
For personal use only Construction of the Territory’s First Lithium Mine has started Mining the Territory Conference Presentation 27-28 October 2021, Darwin
Slide 2: Important and Cautionary Notes
Important and Cautionary Notes For personal use only This presentation has been prepared by Core Lithium Ltd (“Core”, “Company”) and provides a general overview of the Forward‐looking Statements Company and its strategy. This presentation does not purport to be all-inclusive or to contain all the in
Slide 3: Finniss Lithium Project - Construction underway
Finniss Lithium Project - Construction underway For personal use only Construction has started on the Territory’s first lithium mine ✓ Core has started construction of the Finniss Lithium Project in the Northern Territory ✓ Finniss is the newest lithium mine in Australia and the only Australian comp
Slide 4: Finniss Lithium Project – Territory's First Lithium Mine
Finniss Lithium Project – Territory’s First Lithium Mine For personal use only Construction has started on the Territory’s first lithium mine ✓ Site construction and establishment works are now underway in preparation for commencement of mining activity later this year ✓ 250 jobs to be created durin
Slide 5: Australia's Next Lithium Producer
Australia’s Next Lithium Producer For personal use only Construction-started, Fully-Funded, Low-risk, Government Approved ▪ Australia's most advanced new lithium mining project, 88km by sealed road to Darwin Port ▪ Recent Equity raising A$150m secures funding for Finniss Stage 1 development ▪ Constr
Slide 6: Core's Corporate Strategy
Core’s Corporate Strategy For personal use only Create value and contribute to the global energy transformation through growth and vertical integration Stage 1 Stage 2 Stage 3 • Construct Finniss lithium mine and • Produce and market begin production of spodumene lithium fines by-product3 concentrat
Slide 7: Year Project is Just the Beginning …
10 Year Project is Just the Beginning … For personal use only The recently announced Exploration Target has the potential to significantly add Mineral Resource tonnes, and support further extensions and potential Stage 2 Expansion of Finniss Concentrate Production (kt) Million tonnes Li2O (%) Explor
Slide 8: Significant Exploration and Expansion Upside
Significant Exploration and Expansion Upside For personal use only Well-funded and with recent acquisitions to accelerate Reserve and Resource growth, and potential Stage 2 capacity expansion Ore Reserves Grants BP33 7.4Mt Carlton Hang Gong Mineral Resources Grants - BP33 - Carlton - Significant 14.
Slide 9: Simple DMS Process & High Quality Concentrate
Simple DMS Process & High Quality Concentrate For personal use only Simple processing means lower cost and low start-up risk Simple DMS (gravity) produces high quality product Grants Open Cut Mine ✓ +99% of lithium is spodumene ✓ Large spodumene crystals liberate at 6mm coarse crush ✓ Simple mineral
Slide 10: Close to Darwin Port & Capital City Infrastructure
Close to Darwin Port & Capital City Infrastructure For personal use only Infrastructure advantages means lower operating and capital costs ▪ Darwin Port is 88km by sealed road – Australia’s closest port to China Middle Arm ✓ Binding agreement with Darwin Port to export up to 250ktpa of conc. Potenti
Slide 11: Finniss Project – Grants Mine Infrastructure
Finniss Project – Grants Mine Infrastructure For personal use only Grants Mine Grants DMS Processing Plant & Mine 11
Slide 12: Finniss Project - Logistics Advantages
Finniss Project - Logistics Advantages For personal use only 88km Sealed Road from Mine to East Arm Port 12
Slide 13: Development of Finniss is Well Timed!
Development of Finniss is Well Timed! For personal use only Core is construction-ready, with current prices above $2,000/t and a significant supply deficit forecast Spodumene Prices (US$/t, 6% Li2O, CFR)3 Lithium Chemical Market Balance (kt LCE)2 Lithium prices are up strongly in 2021: Lithium marke
Slide 14: ESG Credentials in Focus
ESG Credentials in Focus For personal use only Core is committed to operating in a safe and sustainable manner, which means operating responsibly. • Lithium production has a fundamental role to play in shaping the global energy future, as we transition to a low carbon economy • We prioritise the hea
Slide 15: Government Support
Government Support For personal use only Major Project Status (MPS) for the Finniss Lithium Project is another major milestone Federal Government Support • Major Project Status - Finniss is of strategic significance to Australia • Core awarded A$6 million Modern Manufacturing Initiative (MMI) grant
Slide 16: $6M Federal Grant to Produce Battery Grade LiOH
$6M Federal Grant to Produce Battery Grade LiOH For personal use only Core currently finalising a Scoping Study on LiOH Manufacturing in the NT • Test work on spodumene concentrate from Finniss has produced battery- grade lithium hydroxide (LiOH) suitable for the high-end lithium battery, renewable
Slide 17: Indicative Project Timeline
Indicative Project Timeline For personal use only 2021 2022 2023 2024 +2025 H2 H1 H2 CY CY CY Stage 1 Concentrate Production DFS release Offtake and finance FID Construction Ramp-up to commercial production Stage 2 Potential Concentrate Production Expansion Resource drilling Feasibility study and ap
Slide 18: Thankyou to all our stakeholders and Core team
Thankyou to all our stakeholders and Core team that contributed to our journey…. For personal use only High Quality Project and Execution Team 18
Slide 19: Thank you
For personal use only Thank you Authorised for release by the Board of Core Lithium Ltd on 26 October 2021 For more information: Stephen Biggins, Manager Director : +61 8 8317 1700 Core Lithium Ltd Level 1, 366 King William Street, Adelaide For broker and media enquiries: Fraser Beattie: +61 421 505
Slide 20: Appendix
For personal use only Appendix
Slide 21: Mineral Resources and Ore Reserves
Mineral Resources and Ore Reserves For personal use only JORC (2012) Resource and Reserves Mineral Ore Reserves Classification Ore Grade Contained Classification Ore Grade Contained Resources Deposit Mt LiO2 % LiO2 Kt Deposit Mt LiO2 % LiO2 t Open pit Measured 1.96 1.50 29,500 Proved 1.8 1.5 26.4 In