Slide 1: Front of the Line New Lithium Production
For personal use only Front of the Line New Lithium Production 22 September 2020
Slide 2: Important and cautionary notes
Important and cautionary notes For personal use only This document has been prepared by Core Lithium Ltd (“Core”, “Company”) and provided as a basic overview of the Cautionary Statement: tenements held or controlled by the Company. This presentation does not purport to be all-inclusive or to contain
Slide 3: Important and cautionary notes
Important and cautionary notes For personal use only Competent Person Statements: but not limited to general business, economic, competitive, political and social uncertainties; the actual results of current The Mineral Resources and Ore Reserves underpinning the Production Target have been prepared
Slide 4: Australia's next lithium producer
Australia’s next lithium producer For personal use only Core at the front of the line of new global lithium production Recent Achievements: ✓ Regulatory approvals received to commence construction and operation of the Finniss Project ✓ First European Offtake with Transamine ✓ Offtake agreement with
Slide 5: Finniss Lithium Project - Key advantages
Finniss Lithium Project - Key advantages For personal use only Core is developing one of Australia’s most capital-efficient and low-cost lithium projects • High-grade Lithium Resources adjacent to Port • Simple DMS processing (no flotation) • Significantly decreases capex, finance cost, risk and ope
Slide 6: Prime location and valuable infrastructure available
Prime location and valuable infrastructure For personal use only available N Aerial view of Darwin, the Port of Darwin and the Grants Lithium development Excellent location & infrastructure advantages 6
Slide 7: Medium and long-term lithium demand increasing
Medium and long-term lithium demand increasing For personal use only Post Covid EV Sales Accelerating Lithium Market Balance (tonnes LCE) Source: Benchmark Mineral Intelligence (Q4 2019) Medium and long-term demand fundamentals 7 outweigh short-term oversupply
Slide 8: European Green Deal
European Green Deal For personal use only Europe is striving to be the first climate-neutral continent • The EU is pursuing a growth strategy that transforms the Union into a modern, resource- efficient and competitive economy where: • There are no net emissions of greenhouse gases by 2050 • The Eur
Slide 9: European Commission recognises lithium
European Commission recognises lithium For personal use only Lithium now a critical raw material in Europe • The European Commission has, for the first time, added lithium to the List of Critical Raw Materials • In line with the European Green Deal, the Action Plan on Critical Raw Materials aims to:
Slide 10: Core joins European Battery Alliance
Core joins European Battery Alliance For personal use only Driving a competitive and sustainable battery industry in Europe by 2025 • Core was accepted into the EBA250 in July 2020 • EBA250 is an inclusive ecosystem for interested stakeholders across the US’s battery value chain and comprises partie
Slide 11: EV sales growth in Europe
EV sales growth in Europe For personal use only Policies drive EV push • Since the outbreak of the COVID-19 pandemic, EV passenger car June 2020 YTD 2020 YTD 2019 YTD CHANGE sales reached new highs in some European countries Sweden 26% 26% 11% 136% • Likely partially a result of more favorable taxes
Slide 12: European Finance Markets
European Finance Markets For personal use only Core continues to engage with European financiers in securing project finance • In July 2020, the EU announced Europe’s biggest green stimulus in history with the US$572 billion European Green Deal, furthermore • France and Germany have offered and incr
Slide 13: Core Lithium secures first European Offtake
Core Lithium secures first European Offtake For personal use only Core Lithium secures first European Offtake – May 2020 • Core has announced a non-binding Memorandum of Understanding (MOU) for Offtake with Geneva-based Transamine • 50,000tpa of spodumene concentrate over five years • Additional opt
Slide 14: Tesla is dominating the US car sales market
Tesla is dominating the US car sales market For personal use only Tesla’s Model 3 is the top seller in the US Small + Midsize Luxury Car Sales – H1 2020 38,314 Tesla Model 3 In the first half of 38,195 BMW 2 + 3 + 4 + 5 Series 2020, Tesla sold nearly 33,509 Mercedes C/CLA/CLS/E-Class 38,500 units of
Slide 15: Finniss Lithium Resource increased by over 50%
Finniss Lithium Resource increased by over 50% For personal use only Recent 150% increase to the Measured and Indicated Resource and more to come as Resource expansion drilling recommences this month • Adding significant potential to increase mine-life • 52% increase to new Finniss Lithium Mineral R
Slide 16: Ore Reserve Increase Significantly Extends Finniss Project
Ore Reserve Increase Significantly Extends Finniss Project For personal use only Increased Ore Reserves underpin a JORC-compliant seven-year Life of Mine (LOM) Stability RAR to Grants - Open Pit • Finniss Ore Reserves increased by 159% First Ore Pillars Surface • Life of Mine (LOM) of the Finniss Pr
Slide 17: NT Government approvals received for Finniss Lithium Project
NT Government approvals received for Finniss Lithium Project For personal use only Approval milestones 2018 Mineral Lease granted for Finniss Lithium project & key infrastructure 2019 Supplementary Environmental Impact Study (EIS) submitted 2020 - onward Mine Processing Plant and EIS & Mine Manageme
Slide 18: Corporate information
Corporate information For personal use only Share Price Performance Last Twelve Months Capital Structure (as at 22 September 2020) 0.07 25 Share Price ~A$0.04 0.06 20 Shares on Issue 994.3M Share Price ($) 0.05 Volume (m) 0.04 15 Market Capitalisation ~A$40M 0.03 10 Options and Rights Unlisted 64.2M
Slide 19: Darwin Port Heads of Agreement
Darwin Port For personal use only Heads of Agreement Core has agreement with Darwin Port to ship 250,000tpa of spodumene concentrate Darwin Port is Australia’s nearest port to China East Arm Wharf facilities at Darwin Port are well suited to handle potential future production from Core’s lithium pro
Slide 20: Dense Media Separation (DMS) - no flotation circuit required
Dense Media Separation (DMS) - no flotation circuit required For personal use only DMS avoids problems of other new lithium Australian flotation projects burdened by high capex, large debt and high finance cost and high operating cost (refer appendix) ✓ Simple DMS (Gravity) separation produces high
Slide 21: Core Lithium and the Finniss Lithium Project
Core Lithium and the Finniss Lithium Project For personal use only ASX-listed developer with advanced lithium assets 25km from Darwin Port in Northern Australia • Finniss Lithium Project is one of the most capital efficient lithium projects in Australia • Low Capex A$80m to produce A$160m revenue p.
Slide 22: Prime Location with Valuable Infrastructure and Resource Upside
Prime Location with Valuable Infrastructure For personal use only and Resource Upside N Aerial view of Darwin, the Port of Darwin and the Grants Lithium development Resource Expansion Drilling Commencing Shortly 22
Slide 23: Positioned at front of the line to be Australia's next lithium producer
Positioned at front of the line to be For personal use only Australia’s next lithium producer ✓ Regulatory approvals in place to commence construction & operation of the Finniss Lithium Project ✓ First European Offtake announced to market ✓ Drilling starting this month to increase Mineral Resource a
Slide 24: Magnitude of Valuation Upside for Australia's Next New Lithium Producer
Magnitude of Valuation Upside for For personal use only Australia’s Next New Lithium Producer 2020 Actual vs Potential Production Enterprise Value per tonne Actual 2020 vs Potential Production (tonnes per annum) ($/tonnes per annum) 350,000 6,000 $10,552 300,000 = Producer = Producer 5,000 = A
Slide 25: Thank you
For personal use only Thank you For more information: Core Lithium Level 1, 366 King William Street, Adelaide Stephen Biggins: +618 8317 1700 Authorised for release by the Board of Core Lithium Ltd. For broker and media enquiries: Cannings Purple Warrick Hazeldine: +61 417 944 616 Fraser Beattie: +6
Slide 26: Appendix
For personal use only Appendix
Slide 27: Spodumene Concentrate Processing
Spodumene Concentrate Processing For personal use only 1 2 3 4 Classification & Wet Separation Flotation Grinding Crush & Screen Gravity Separation Crushing DMS HM Separation • Primary • HPGR Li Flotation • Ball • Secondary • Tertiary Filtration LIMS WHIMS Others Core Screening Filtration DMS + DMS