Galan Lithium Limited · ASX:GLN
Galan Lithium — Investor Presentation (April 2025)
39 slides from Galan Lithium's investor presentation, Apr 16, 2025
Slide 1: Funding and Offtake Secured
For personal use only FUNDING AND OFFTAKE SECURED APRIL 2025 Not for release to US wire services or distribution in the United States
Slide 2: Important notice and disclaimer
Important notice and disclaimer This presentation has been prepared by Galan Lithium Limited. Competent Persons For personal use only The information contained herein that relates to exploration results and geology is based on information compiled or reviewed by Dr Luke Milan, who has consulted to t
Slide 3: Company Overview
For personal use only Company Overview 3
Slide 4: Building a Resilient Lithium Business
Building a Resilient Lithium Business Highest grade resources in Argentina, first quartile of the industry cost curve For personal use only 10 Top 10 global lithium project Scale and grade Lowest quartile of the by Mineral Resources1 9.5 Mt of LCE 841mg/L lithium cost curve lithium in Mineral and lo
Slide 5: Galan – Corporate Snapshot
Galan (ASX:GLN) – Corporate Snapshot An experienced and aligned Board For personal use only CAPITAL STRUCTURE 12 MONTH SHARE PRICE AND VOLUME5 BOARD Share price1 A$0.12 Richard o Experienced corporate lawyer Shares on issue 840m 0.50 60 Homsany o Principal of Cardinals Lawyers 0.45 Non Executive o E
Slide 6: HMW – A Lithium Project with Scale and Grade
HMW – A Lithium Project with Scale and Grade A multi-decade project with compelling project economics For personal use only Project Interest o 100% in the HMW and Candelas project areas MAP OF GALAN’S TENURE IN CATAMARCA, ARGENTINA Project Location o Catamarca, Argentina Combined Mineral Resources o
Slide 7: Authium Transaction
For personal use only Authium Transaction 7
Slide 8: The Authium Transaction
The Authium Transaction Strategic agreement which lowers HMW capex and opex to ensure a robust project through-the-cycle For personal use only • Binding agreement – filtration plant build, offtake agreement and prepayment funding • Adoption of nano-filtration – replacing reagent and labour-intensive
Slide 9: Advantages of Authium Deal
Advantages of Authium Deal Financial, technical and strategic advantages highlight the Authium offtake and financing proposal For personal use only 1 Lower Capital Expenditure – Authium to fully-fund, construct, commission and support the filtration plant at HMW. Reduction of $41.5m capex by removin
Slide 10: Authium Transaction Summary
Authium Transaction Summary The best path forward in the interests of all stakeholders For personal use only Contract Term From commencement date until 45 kt (LCE) has been delivered. Target dates to deliver Total Contract Quantity is 6-12 years Total Contract Quantity 45 kt (LCE) as lithium chlorid
Slide 11: Who is Authium?
Who is Authium? Innovative expertise in lithium processing and project development For personal use only • Founded by Cameron Stanton - industrial engineer with deep expertise in mineral commercialisation, plant design, engineering, construction, maintenance and operations • Authium team instrumenta
Slide 12: Nanofiltration – How Does it Work?
Nanofiltration – How Does it Work? Successfully trialled on HMW brines supplied to Authium For personal use only • Proven impurity separation technique – used in lithium EXAMPLE OF A SKID MOUNTED NANOFILTRATION PLANT 2 brine industry including Rincon, Argentina (Rio Tinto) and Centenario, Argentina
Slide 13: Equity Raising Overview
For personal use only Equity Raising Overview 13
Slide 14: Equity Raising Overview
Equity Raising Overview Final funding package ahead of Phase 1 production • Approximately A$13 million placement to sophisticated and professional investors (Placement); For personal use only • Up to A$4 million share purchase plan (SPP)1 Offer Structure • Placement includes A$720,000 of Director pa
Slide 15: Source and Uses of Funds
Source and Uses of Funds Funding package to support Phase 1 production Amount A$M For personal use only Placement1 13 Authium Prepayment2 9 Cash3 1 Total Sources of Funds1 23 Construction Indirect Items4 8 Ponds 6 Plant 4 Utilities 3 Infrastructure 2 Total Uses of Funds 23 Notes: 1. Excludes any pro
Slide 16: Offer Timetable
Offer Timetable Indicative timetable for the Placement and SPP For personal use only Key Event1 Date SPP Record Date 15 April 2025 Offer Announcement 16 April 2025 Placement Settlement Date 24 April 2025 Placement Allotment Date 28 April 2025 SPP Closing Date 21 May 2025 SPP Shares Issued 27 May 202
Slide 17: HMW Overview
For personal use only HMW Overview 17
Slide 18: The Advantage of High-Quality Lithium Brine
The Advantage of High-Quality Lithium Brine High lithium grades at HMW have enabled a development plan with lower capital intensity and a lower risk profile For personal use only COMPARISON OF LI GRADE IN DOWNSTREAM PROCESS TO CONVERT MINING PROCESS TO DELIVER A CONCENTRATE CONCENTRATE INTO A FINAL
Slide 19: HMW – Low Cost and Low CO2 Emissions
HMW – Low Cost and Low CO2 Emissions Galan’s HMW project is set in the lowest quartile of the industry cost curve and the industry GHG emissions curve 1,2 For personal use only LITHIUM CARBONATE EQUIVALENT COST CURVE (2028)1 GREENHOUSE GAS (GHG) EMISSIONS INTENSITY (2028)2 PRODUCTION COST (US$ / t L
Slide 20: World Class Resource
World Class Resource HMW is amongst the largest advanced lithium projects in the world and importantly, has grade as well as scale For personal use only GLOBAL TOP 10 LITHIUM PRODUCTION AND CONSTRUCTION PROJECTS (LCE Mt) 70.0 60.0 LCE CONTENT (MILLION TONNES) 50.0 40.0 30.0 20.0 10.0 0.0 Thacker Pas
Slide 21: Low Risk, Phased Production Growth
Low Risk, Phased Production Growth Employing a proven development path to produce a lithium chloride product in high demand For personal use only PHASED DEVELOPMENT TO 60ktpa LCE Context o There is over 20 years of lithium production history in the Hombre Muerto Salar o HMW has a very favourable geo
Slide 22: Argentina – A Leader in Lithium Mining
Argentina – A Leader in Lithium Mining A rich endowment of lithium is paired with a fiscal framework designed to encourage foreign investment For personal use only Leading Mining Jurisdiction MAP OF ARGENTINIAN LITHIUM PROJECTS (LHS) AND THE SOUTH AMERICAN LITHIUM TRIANGLE (RHS) o Argentina holds th
Slide 23: HMW: Demonstrated Track Record of Strategic Execution
HMW: Demonstrated Track Record of Strategic Execution Progressing Towards Pivotal Project Milestones For personal use only 2025 Full Mining Permit for Phase 2 granted. Funding and offtake secured for Phase 1. Pond inventory over 9,500 2020 – 2024 tonnes LCE Mineral Resource established and expanded,
Slide 24: Appendix A: Mineral Resource & Ore Reserve Estimate
For personal use only A Appendix MINERAL RESOURCE & ORE RESERVE ESTIMATE
Slide 25: Mineral Resource Estimate
Mineral Resource Estimate MINERAL RESOURCE STATEMENT FOR CANDELAS1 MINERAL RESOURCE STATEMENT FOR HOMBRE MUERTO WEST 2 For personal use only In situ Li Avg. Li LCE Avg. K In situ K KCl Equiv. In situ Li Avg. Li LCE Avg. K In situ K KCl Category Category (kt) (mg/l) (kt) (mg/l) (kt) (kt) (kt) (mg/l)
Slide 26: Ore Reserve Statement
Ore Reserve Statement Ore Reserve Statement for Hombre Muerto West (effective date September 2023) For personal use only Production Period Pumped Brine Vol. Avg. Li grade Ore Reserve Category Well Field Li Metal (kt) LCE (kt) (Years) (Mm3) (mg/L) West 1-7 34.9 30.8 884.0 101.2 Proven Santa Barbara -
Slide 27: Peer Comparison
Peer Comparison Global Top 10 Production and Construction Projects For personal use only Mineral Resources (including Ore Reserves) in Lithium Carbonate Equivalent (LCE Mt) Total Project Operator Stage Type Measured Indicated Inferred Resources Information Source Lithium Thacker Pass Americas Constr
Slide 28: Appendix B: Risks
For personal use only B Appendix RISKS
Slide 29: Risks
RISKS Additional The Company’s capital requirements depend on numerous factors. The Company may require additional financing for exploration and development of its existing projects or for additional other For personal use only Requirements capital expenditure in the future. There can be no guarante
Slide 30: Risks
RISKS Exploration Whether or not income will result from the development of the Company’s tenements depends on the successful establishment of mining operations. Factors including costs, actual For personal use only and mineralisation, consistency and reliability of ore grades and commodity prices a
Slide 31: Risks
RISKS Sovereign and Argentina For personal use only Political Risk The Company acquired 100% of Blue Sky Lithium Pty Ltd (Blue Sky) on 25 June 2018. The acquisition of Blue Sky means the Company (through Blue Sky) holds options to acquire the rights to projects located in Argentina. Mineral explorat
Slide 32: Risks
RISKS Technology The Company will work with Authium to process raw brine, via nanofiltration, into processed brine which can then be concentrated via evapouration to a final lithium chloride concentrate. Risk Nanofiltration is a physical separation process of impurity removal whereas the Company’s d
Slide 33: Risks
RISKS Insurance Risks Exploration for and development of minerals involves hazards and risks that could result in the Company incurring losses or liabilities that could arise from its operations. If the Company incurs For personal use only losses or liabilities which are not covered by its insurance
Slide 34: Appendix C: International Offer Jurisdictions
For personal use only C Appendix INTERNATIONAL OFFER JURISDICTIONS
Slide 35: International Offer Jurisdictions
INTERNATIONAL OFFER JURISDICTIONS This document does not constitute an offer of new ordinary shares (“New Shares”) of the Company in any jurisdiction in which it would be unlawful. In particular, this document may not be distributed to any person, and the New Shares may not be offered or sold, in an
Slide 36: International Offer Jurisdictions – China
INTERNATIONAL OFFER JURISDICTIONS China Neither this document nor any other document relating to the New Shares may be distributed to the public in the People’s Republic of China (excluding, for purposes of this paragraph, Hong Kong Special For personal use only Administrative Region, Macau Special
Slide 37: International Offer Jurisdictions – Singapore
INTERNATIONAL OFFER JURISDICTIONS Singapore This document and any other materials relating to the New Shares have not been, and will not be, lodged or registered as a prospectus in Singapore with the Monetary Authority of Singapore. Accordingly, this For personal use only document and any other docu
Slide 38: International Offer Jurisdictions – United Kingdom
INTERNATIONAL OFFER JURISDICTIONS United Kingdom Any invitation or inducement to engage in investment activity (within the meaning of section 21 of the FSMA) received in connection with the issue or sale of the New Shares has only been communicated or caused to be communicated and will only be commu
Slide 39: Contact Details
For personal use only Contact Details Perth Office ASX:GLN Level 1, 50 Kings Park Rd, West Perth WA 6005 galanlithium.com.au Email: admin@galanlithium.com.au Tel: +61 8 9214 2150