Lake Resources N.l. · ASX:LKE
Lake Resources N.l — Investor Presentation (February 2020)
31 slides from Lake Resources N.l's investor presentation, Feb 28, 2020
Slide 1: SPP Upsized by $1M to $2.5M Due to Strong Shareholder Demand
ASX ANNOUNCEMENT 28 February 2020 SPP UPSIZED BY $1M TO $2.5M DUE TO STRONG SHAREHOLDER DEMAND PLACEMENT INCREASED • Share Purchase Plan (SPP) Offer has been increased by a further $1 million to $2.5 million due to overwhelming shareholder demand. Subscriptions and funds need to be received today Fr
Slide 2: For further information please contact / About Lake Resources
For further information please contact: Steve Promnitz, Managing Director Follow Lake on Twitter: https://twitter.com/Lake_Resources +61 2 9188 7864 Follow on LinkedIn: https://www.linkedin.com/company/lake-resources/ steve@lakeresources.com.au Website: http://www.lakeresources.com.au About Lake Res
Slide 3: to be the largest on the planet
to be the largest on the planet. Ganfeng then announced a 10 year lithium supply agreement with Volkswagen on 5 April 2019. Nearby projects of Lithium X were acquired via a takeover offer of C$265 million completed March 2018. The northern half of Galaxy’s Sal de Vida resource was purchased for US$2
Slide 4: Sustainable High Purity Lithium
Sustainable High Purity Lithium Steve Promnitz - Managing Director 27 Feb 2020
Slide 5: Disclaimer
Disclaimer 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 information in this presen
Slide 6: Lake – Best Location: Heart of the Lithium Triangle
Lake – Best Location: Heart of the Lithium Triangle. • Right product, Right time - Sustainable Lithium • High purity, Low impurity Lithium - 99.9% purity battery grade lithium carbonate, very low impurities, from Lilac pilot plant • Disruptive Lilac direct extraction technology – Large samples produ
Slide 7: Location – Next to Large Players
Location – Next to Large Players. ATACAMA Tianqui/SQM Albemarle The Lithium Triangle produces 40% of world’s lithium at the lowest cost. Lake’s Advancing Projects Cauchari - China’s Ganfeng paid US$413 million for 50% OurDeprojects Sal Vida - South are side-Posco Korea’s by-side paid with US$280 the
Slide 8: Kachi Project
ST RESOURCES AT THE HEART OFTHE LITHIUM TRIANGLE Kachi Project.
Slide 9: Large scale 70,000 Ha Major brine resource
Large scale 70,000 Ha Major brine resource - one of 10 largest globally (defined to date) Battery grade product Low impurities Scalable, modular plant design
Slide 10: Kachi Project
FMC/Livent (80km to Nth) Producing since 1997 Evaporation ponds Kachi Project. Lease area equivalent to 11 x Manhattan Island. 11x Kachi Project 175,000 acres in lowest ASX:LKE part of large drainage - 2600 sq miles SLIDE/ 7 SLIDE /7
Slide 11: Kachi Project
FMC/Livent (80km to Nth) Galaxy POSCO Producing since 1997 (110km to Nth East) (120km to Nth East) Evaporation ponds 4.1 Mt LCE Resource 4.1 Mt LCE Resource 17,000tpa LCE Paid US$280m Lithium Carbonate Lithium Hydroxide Kachi Project. 100% Lake owned Lease – 70,000ha Exploration Target 8Mt – 17Mt LC
Slide 12: Direct extraction
Direct extraction. New Technology - the disruptive game changer in the industry More efficient process that removes evaporation process • Faster • Higher Recoveries • High Purity products • Sustainable – Returns brine to aquifer without changing chemistry ASX:LKE SLIDE / 9
Slide 13: Conventional extraction
Conventional extraction. Evaporation ponds Almost all lithium brine production uses evaporation – yet faces increasing challenge due to environmental impacts 1- Example: FMC/ Livent – 1 year to 3,200 ppm concentrate To produce Concentrate ASX:LKE SLIDE / 10
Slide 14: Conventional extraction
Conventional extraction. ARGENTINA Evaporation ponds – Atacama Example CHILE Atacama SQM, Albemarle 30km ASX:LKE ASX:LKE SLIDE SLIDE / 11 / 11
Slide 15: Direct extraction
Direct extraction. Disruptive Technology (3 hrs to 60,000ppm vs 1-2 years) Ion exchange Saves time and money -Faster to production. Higher recoveries Lilac Solutions (Silicon Valley backed) Lower impurities Sustainable solution – brine reinjected to aquifer To produce Concentrate 50-60,000 PPM BRINE
Slide 16: Direct extraction
Direct extraction. Direct Extraction Positioned Positioned with a low at lower end of cost curve impurity product Source: LKE announcements 9/1/2020, 14/01/2020; 10/12/2018
Slide 17: Sustainable Lithium
Sustainable Lithium. Lilac’s Technology Lake’s Large Brine Basin Solution for the Sector Source: Reuters 12 Feb 2020; Bloomberg 20 Feb 2020; Volkswagen April 2019
Slide 18: Cauchari Project
Cauchari Project. Adjoining the next big producer Ganfeng / Lithium Americas – (Ganfeng/ Lithium Americas) Largest Resource on Planet Orocobre/ Advantage Lithium – Production 40,000tpa LCE late 2020 Large Resource Lake Resources – Area Drilled SLIDE / 15
Slide 19: Cauchari Project
Lake – 506m Brine zone Cauchari Project. 421- 540mg/L lithium (102-608m) 493mg/L ave. (117-460m) Lake results show: • similar brines • similar high grades • similar flow rates. 506m Brine zone vs 198m in adjoining project AAL – 198m Brine Zone 450mg/L lithium (6-204m) Source: LKE; Advantage Lithium
Slide 20: Timeline to production
Timeline to 2021/22/23 production 2020 • Kachi – Production • Kachi – 25,000tpa LCE; 2019 • Kachi direct extraction pilot plant being Capex ~US$400-550m constructed to be moved to site 2016 – 2018 • Cauchari drilling – • Phased expansion from • Kachi samples to battery makers for 10,000tpa LCE exten
Slide 21: LAKE RESOURCES (ASX:LKE) Share price chart
LAKE RESOURCES (ASX:LKE) 1 YEAR LAKE RESOURCES (ASX:LKE) Share price chart Total Current Shares on Issue 625,111,957 Share Purchase Plan (closes 28 Feb) 62,500,000 Listed Options (10c) Jun 2021 Expiry 52,512,693 Unlisted Options (4.6c) Oct 2022 Expiry 18,300,000 Unlisted Options (8c) Feb 2022 Expiry
Slide 22: Size of Lithium Brine Resources vs Market Value
Size of Lithium Brine Resources vs Market Value – Argentina brine companies 1.0 10 Neighbours’ market 0.9 9 value is up to 10x that 0.8 8 of Lake’s. tonnes LCE Combined Resource Size Million 0.7 7 Market Value A$ Billions 0.6 6 Lake $25m vs Peers 0.5 5 $60-120m market cap 0.4 4 0.3 3 Lowest market v
Slide 23: Leadership
Lake has extensive development experience in Leadership. the resources sector and in Argentina. Steve Promnitz Stu Crow Nick Lindsay Robert Trzebski MANAGING DIRECTOR CHAIRMAN NON-EXEC NON-EXEC DIRECTOR NON-EXEC DIRECTOR Extensive project management More than 25 years of experience 30 years of exper
Slide 24: Lake – Where are we now
Lake – Where are we now. • High purity lithium carbonate from Lilac pilot plant; Larger samples from March 2020 to potential off-takers • Financier short list: US$20-25m to fund studies and approvals Technology partner financed Bill Gates-led Breakthrough fund • Pilot plant with New Technology: 1st
Slide 25: Appendix - Contacts
Appendix - Contacts. Steve Promnitz Managing Director steve@lakeresources.com.au +61 2 9299 9690 lakeresources.com.au ASX:LKE Sustainable Lithium. SLIDE / 22
Slide 26: Lithium demand & supply
2500 Lithium demand & supply Demand to grow. 2028: 1400 2000 Demand to increase 5x for ‘000s TONNES OF LITHIUM CARBONATE EQUIVALENT ‘000’s TONNES LCE lithium – focus on high purity 1500 +500% increase vs 2018 • Major electric vehicles (EVs) commitments driving lithium battery makers expansion. 1000
Slide 27: Lithium Megafactory Growth
Lithium Megafactory Growth – To 103 Megafactories - From 148 GWh (2015) to 2213 GWh Major under-investment in new supply to meet demand Creates opportunity for Lake: Battery/Cathode makers need low impurity product that can be increased to meet demand, from sustainable supply source Source: Benchmar
Slide 28: Mineral Resource Estimate
Mineral Resource Estimate. Kachi Lithium Brine Project - JORC Code 2012 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 Hydrogeologist and a Member of the Aust
Slide 29: JORC Code 2012. Kachi Table 1 Report
JORC Code 2012. Kachi Table 1 Report Kachi Lithium Project SLIDE / 26
Slide 30: JORC Code 2012. Cauchari Table 1 Report
JORC Code 2012. Cauchari Table 1 Report Cauchari Project SLIDE / 27
Slide 31: Contacts
Contacts. Steve Promnitz Managing Director steve@lakeresources.com.au +61 2 9299 9690 lakeresources.com.au ASX:LKE Sustainable Lithium. SLIDE / 28
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