Lake Resources N.l. · ASX:LKE
Lake Resources N.l — Investor Presentation (April 2022)
25 slides from Lake Resources N.l's investor presentation, Apr 26, 2022
Slide 1: Kachi Lithium & Direct Lithium Extraction
26 April 2022 ASX:LKE | FRA:LK1 | OTC:LLKKF For personal use only Kachi Lithium & Direct Lithium Extraction Stu Crow - Chairman, Lake Resources Steve Promnitz - Managing Director, Lake Resources
Slide 2: Disclaimer
Disclaimer For personal use only General Statement and Cautionary Statement Forward Looking Statements This presentation has been prepared by Lake Resources N.L (Lake) for information purposes and meetings with sophisticated and Certain statements contained in this presentation, including informatio
Slide 3: Lake Resources – Developing a Multi-Asset Tier1 Producer
Lake Resources – Developing a Multi-Asset Tier1 Producer. For personal use only • CLEANER LITHIUM: Lake’s 99.97% purity – high battery quality lithium carbonate • CLEANER TECHNOLOGY: Lilac ion exchange extraction – Common water processing adapted for lithium. • CLEANER ENVIRONMENT: ESG benefits. Low
Slide 4: World's cleanest lithium. Four lithium projects in heart of the Lithium Triangle
World’s cleanest lithium. For personal use only Four lithium projects in heart of the Lithium Triangle. Large leaseholding 2,200km2 (550,000 acres) World’s five largest producers all have equity in operations in the Lithium Triangle. Lake’s flagship project ASX: LKE OTC: ASX: LLKKF LKE SLIDE / 4
Slide 5: Kachi Project – Clearer Pathway to Production
Kachi Project – Clearer Pathway to Production For personal use only ASX: LKE OTC: LLKF SLIDE / 5
Slide 6: Clearer pathway
Definitive Feasibility Clearer pathway Study (DFS)* Simple production scale-up - Modular For personal use only 50,000tpa LCE Pre Feasibility Study (PFS) Lithium carbonate production Option for lithium hydroxide production Lilac Pilot / 25,500tpa Demo Plant (4 Modules) LCE ~10tpa LCE 1000 hours * Not
Slide 7: Kachi project proposed plant design
Kachi project Proposed plant design For personal use only One building with Ion Exchange Modules Replaces 20-30km2 of Evaporation Ponds ~500m Warehouse, reagents Chlor Alkali Plant Bagging Plant and storage Impurity Removal Direct Extraction (Lilac IX Plant) and water treatment F E A D C G B Lithium
Slide 8: Partnerships - Ford & Hanwa ("Japan Inc")
Partnerships- Ford & Hanwa (“Japan Inc”) Major Long Term Offtake For personal use only • Ford Motor Co and Japan-based trading company, Hanwa • Non-binding MoU’s with Lake on offtake proposals • Each MoU up to 25,000 tonnes/yr lithium carbonate or hydroxide over 10 years from Kachi Project • Hanwa c
Slide 9: Lilac Ion Exchange Lithium Extraction - Cleaner technology
Lilac Ion Exchange Lithium Extraction - For personal use only Cleaner technology Lilac ion exchange displaces evaporation process Brine in – Lithium chloride out • Faster process and faster to market • High recovery • Sustainable – Low water/land impact • Cost competitive and Scalable • Proven in pi
Slide 10: Lilac Ion Exchange Lithium Extraction - Demonstration Plant
Lilac Ion Exchange Lithium Extraction - For personal use only Demonstration Plant Demonstration plant designed & built by Lilac Being dispatched to Kachi project Modular design allows for a “plug and play” To produce high purity product on site For offtakers & further de-risks project • First sample
Slide 11: Sustainable lithium
Sustainable lithium 20 For personal use only CO2 e Footprint Lake / Lilac DLE method CO2e/kg lithium product 15 Lithium Production • Low CO2 footprint 10 Lake / Lilac • Low water usage DLE method 5 • Low land use 0 Production type: Hard Rock Evaporation DLE Hard Rock to Li Hydroxide Brine Evaporatio
Slide 12: Kachi PFS metrics
Kachi PFS metrics Compelling economics - Pre-Feasibility Study results at 25,500tpa For personal use only Definitive Feasibility Study at 50,000 tpa - results to be much improved Mineral Resource* (Indicated) Post-tax NPV8 Annual EBITDA IRR post-tax Annual production Li2CO3 1.01Mt US$1,580m** US$260
Slide 13: Kachi Project Finance Support
Kachi Project Finance Support UK Export Finance & Canada EDC – Export Credit Agencies Support For personal use only Expression of Interest - Funding to ~70% of Total Required – including Expansion Project Finance Interest Rates Debt Duration UK Export Finance & Canada EDC ~70% debt## ~3%## 10-11 yea
Slide 14: Project Production Timeline
Project Production Timeline For personal use only Q3, 2022 Q2, 2022 Q3, 2022 Q4, 2022 DFS Demonstration Financing Construction / ESIA Plant Production Definitive Feasibility Q2,2022 Demo Plant Onsite Project Finance Mid-Late 2022 Approvals/ Study to 50,000tpa LCE 2021-22 Samples in Batteries Export
Slide 15: Target - Cauchari Project / Olaroz Project / Paso
Target 100 - Cauchari Project / Olaroz Project / Paso Next lithium projects through development – targeting 100,000 tpa lithium products by 2030 For personal use only Cauchari - Identical lithium brines as adjoining Ganfeng/ Lithium Americas development Lake’s brines being tested for direct lithium
Slide 16: Corporate snapshot
Corporate snapshot For personal use only Share price Cash 31 March 2021 Half year share price chart A$2.11 US$1.56 A$111m 20 April 2022 (10 day VWAP) 52 week high $2.65c, low $0.21c US$82m Shares on issue Debt 1.280bn Zero Market capitalisation Listed Options A$2.7 bn 73.0m A$0.75 options, 15 June 2
Slide 17: Lake Resources – Value Drivers
Lake Resources – Value Drivers For personal use only • High purity lithium with high lithium price • Supply is valuable – offtakes with market pricing • Major ESG benefits • Independent producer – at scale, with de-risked finance • Long term major reliable producer at 100,000 tpa by 2030 Contact: St
Slide 18: Appendix
Appendix For personal use only ASX: LKE OTC: LLKF SLIDE / 18
Slide 19: Leadership
Leadership Board background in resources and Argentina. New COO. On site owners team in place ready for construction For personal use only Steve Stu Dr Nicholas Dr Robert Amalia Gautam Peter Daniel Promnitz Crow Lindsay Trzebski Saenz Parimoo Neilsen Bonafede MANAGING CHAIRMAN EXEC TECHNICAL NON-EXE
Slide 20: Partnership - Lilac Solutions + Kachi Project
Partnership- Lilac Solutions + Kachi Project Aligns Climate Tech with Upstream Lithium Supply For personal use only • Lilac to Earn in to Kachi Project up to max 25% stake – via performance based milestones ▪ Initial 10% - Lilac funds completion of testing of its technology for the Kachi Project ▪ F
Slide 21: Lilac Solutions – Investors
Lilac Solutions – Investors Successful Tech Investor Backing with EV supply chain participants – For personal use only Recent US$150m investment ASX: LKE OTC: LLKF SLIDE / 21
Slide 22: Delivers a Cleaner Environment
Delivers a Cleaner Environment Smaller environment footprint – Low Land use - Lower water use – No brine depletion For personal use only Atacama Projects – Brine evaporation (170km2) Kachi Project – Lake/Lilac DLE (1km2) Brine Returned to Source All Brine Evaporated Source: SQM / ALB presentations 2
Slide 23: Clearer pathway
Clearer pathway Lake’s high purity lithium tested For personal use only and proven in batteries Lake Lithium Carbonate High Purity Lake’s lithium carbonate demonstrated in batteries • Lake's product - premium battery quality • Performs like Tier 1 products in NMC622 batteries • Only 50-60% of lithiu
Slide 24: Mineral Resource (JORC Code 2012)
Mineral Resource (JORC Code 2012) Kachi Project For personal use only Lithium carbonate equivalent (LCE) Indicated Inferred Total Resource Lake Lithium Carbonate High Purity 1.0Mt 3.4Mt 4.4Mt KACHI LITHIUM BRINE PROJECT MINERAL RESOURCE ESTIMATE JORC Code 2012 Edition Indicated Inferred Total Resour
Slide 25: JORC Code 2012 Appendix - Kachi Project
JORC Code 2012 Appendix 1 - Kachi Project For personal use only ASX: LKE OTC: LLKKF SLIDE / 25
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