Lake Resources N.l. · ASX:LKE
Lake Resources N.l — Noosa Mining Conference 2024
25 slides from Lake Resources N.l's conference presentation, Jul 19, 2024
Slide 1: Lake Resources – Noosa Mining Conference July 2024
For personal use only Lake Resources – Noosa Mining Conference July 2024
Slide 2: Disclaimer
Disclaimer General Statement and Cautionary Statement For personal use only This presentation has been prepared by Lake Resources N.L. (Lake) for information purposes and not any particular party. The information in this presentation is based upon public information and internally developed data and
Slide 3: Investment Highlights
Investment Highlights 1 World Class 25ktpa Battery Grade Lithium Project For personal use only Globally Significant 10.6Mt LCE Resource Facilitates Potential 2 Further Expansion 3 Proven Ion-Exchange DLE Technology Increases Process Efficiency and Reduces Environmental Footprint 4 Advanced Technical
Slide 4: Why Invest in Lake Resources?
Why Invest in Lake Resources? ▪ Prolonged deficit of lithium supply towards end of decade which is expected to drive prices upward Robust Market and Project ▪ Ex-China supply becoming increasingly important For personal use only ▪ Low environmental impact projects are now the most robust of developm
Slide 5: Project Economics – DFS, December 2023
Project Economics – DFS, December 2023 Targeted project financial results1 ($USD) For personal use only Units Period DFS Result Lithium Carbonate Revenue $M Life of Mine 20,700 Phase One– 25ktpa LCE Lithium Carbonate Revenue $M Annual Average 827 Production Target2 EBITDA2 $M Life of Mine 15,870 EBI
Slide 6: Lithium Demand Growth is Forecasted to be Robust
Lithium Demand Growth is Forecasted to be Robust Lithium demand is expected to double by 2026 and triple by 2030, from 2023 levels ▪ Persistent year-on-year growth underscores how critical lithium is to modern technologies For personal use only ▪ The upward trend in lithium demand presents a compell
Slide 7: The security of future lithium supply is virtually impossible without Argentina
The security of future lithium supply is virtually impossible without Argentina Forecast Argentina Lithium Mine Supply (tonnes LCE)1 ▪ Argentina has some of the largest and most For personal use only productive lithium deposits in the world 2023 2030 2034 +23% 422,903 ▪ Argentina has maintained a su
Slide 8: Sizeable Resource with Embedded Upside
Sizeable Resource with Embedded Upside Kachi M&I resource Resource expansion from For personal use only estimate increased June 2023 update1: 250% since June 2023 ▪ Measured resource has increased from 2.2 to 10.6 3.0 million tonnes LCE 8.1 ▪ Indicated resource has 3.3 increased from 0.72 to 5.3 4.3
Slide 9: Significant Technical Work Completed to Prove DLE Technology
Significant Technical Work Completed to Prove DLE Technology DLE– Lilac Solutions Ion Exchange 100% Lithium Recovery ▪ On-site demo plant operated in campaigns from October 2022 to November 80% For personal use only 2023 60% ▪ Over 5.2 million liters of Kachi brine successfully processed 40% ▪ Indep
Slide 10: Cleaner Lithium by Design
Cleaner Lithium by Design 1 Higher Lithium Recovery 2 Lower Water Usage2 15% 60% 45x For personal use only Higher Higher Lower Metric Tonne of Lithium Cubic Meter Per Metric Carbonate Equivalent Carbonate Equivalent Percent [Lithium] Per Tonne of Lithium % Li / MT LCE m3 / MT LCE 10x Four key pillar
Slide 11: Proven, Scalable Production with a World Class Partner, Using Ion-Exchange DLE
Proven, Scalable Production of Battery Grade Lithium Carbonate with a World Class Partner, Using Ion-Exchange DLE Technology Recently Closed Series C Funding of $145M1 from Bill Gates’ 2016 250+ ~$315M Breakthrough Energy Ventures and Other Investors For personal use only Employees across 8 Capital
Slide 12: Appendix A – Supporting Materials
For personal use only Appendix A – Supporting Materials 12
Slide 13: Kachi Project Timeline
Kachi Project Timeline Recruited Experienced Successful Completion of Demo Management and Plant – Produced 1,300Kg of Battery Preliminary Resource drilling Technical Team1 Grade Lithium Carbonate and completion of For personal use only Environmental Environmental Pilot Plant Assessment Pre-Feasibili
Slide 14: Ore Reserves
Ore Reserves Average Reserve Category Years Lithium (Tonnes) LCE (Tonnes) Lithium Concentration (mg/L) For personal use only Proved 1 3,600 18,900 259 Proved 2-7 28,500 151,400 257 Probable 8-25 85,400 454,100 245 Total 1-25 117,400 624,400 ▪ An ‘Ore Reserve’ is the economically mineable part of a M
Slide 15: Overview of Proposed Project Site Layout
Overview of Proposed Project Site Layout Kachi is a large-scale lithium carbonate project with significant LCE resource and further expansion potential Kachi Project Site Layout Process Areas1 For personal use only ▪ Brine Feed and Spent Brine ponds are located on the north side of the plant, closes
Slide 16: Review of Process Flow Sheet
Review of Process Flow Sheet Proven flow sheet produces high purity battery grade lithium carbonate1 within several hours of extraction Kachi Phase 1 Commercial Flow Sheet Commentary For personal use only Proposed flowsheet illustrating the 10 major process steps1 ▪ Feed is extracted and pumped from
Slide 17: Phase One DFS Demo Scope – Battery Grade By Design Flow
Phase One DFS Demo Scope – Battery Grade By Design Flow Balance of Plant (BOP) – Saltworks Technologies ▪ The BOP process consists of industry standard unit operations for the concentration, purification, and lithium For personal use only carbonate production from the concentrated lithium chloride e
Slide 18: Battery Grade Lithium Carbonate Consistently Produced
Battery Grade Lithium Carbonate Consistently Produced Concentrate Assay Range Lithium Carbonate Produced from Kachi Concentrate Typical Concentrate Assay Range 120,000 liters of concentrate was processed to produce 1300 kg of For personal use only ◼ The Kachi DLE produces a concentrate with 11X the
Slide 19: Strong Community and Government Engagement
Strong Community and Government Engagement ▪ Looking forward to building relationship with recently elected Federal government For personal use only ▪ Continued strong relationship with Catamarca government ▪ Monthly meetings with local government and community to provide status updates of Kachi Pro
Slide 20: Lithium Producers Cash Cost Comparison
Lithium Producers Cash Cost Comparison Kachi is in the middle of the pack compared to lithium producers peer set cash costs For personal use only Cash Cost1 vs. Peers ($ / tonne) $35,654 $11,602 $6,047 Kachi 25k Kachi DLE Brine Conventional Brine Others Source: Benchmark Minerals Q3 Lithium Cost Ser
Slide 21: Non-GAAP Financial Measures
Non-GAAP Financial Measures Definitions For personal use only Note: These financial definitions are alternative performance measures that are not defined or specified under IFRS or AASC standards and for which there are no generally accepted reporting formats EBITDA = Earnings before Interest, Taxes
Slide 22: Appendix B – Resources and Reserves
For personal use only Appendix B – Resources and Reserves 22
Slide 23: Resource Statement
Resource Statement For personal use only Note: This table has been directly extracted from the JORC update announced on 22 November 2023. Lake Resources N.L. confirms that it is not aware of any information that materially affects the information included in Lake’s JORC update announced on ASX on 22
Slide 24: Reserve Statement
Reserve Statement For personal use only Note: This table has been directly extracted from the maiden Ore Reserve statement announced on 19 December 2023. Lake Resources N.L. confirms that it is not aware of any information that materially affects the information included in the maiden Ore Reserve st
Slide 25: Lake Resources – Noosa Mining Conference July 2024
For personal use only Lake Resources – Noosa Mining Conference July 2024