Lithium Africa Corp. · TSXV:LAF
Lithium Africa — Investor Presentation (July 2024)
29 slides from Lithium Africa's investor presentation, July 2024
Slide 1: Lithium Africa Investor Presentation
LITHIUM AFRICA Searching for Low-Cost, Marquee Hardrock in Africa Investor Presentation Li-africa.com April 2024
Slide 2: Lithium Africa Partnership
Lithium Africa Partnership Africa Ideal Geology & Production History The Li Market Today • Volatile commodity price & Long-term • Large LCT pegmatite fields analogous to need to grow supply West Aus/Canada/Brazil • Opportunity to advance the right kind • Rapid permitting and development times of sup
Slide 3: Targeting High Margin, High Return Assets in a Volatile Sector
Targeting High Margin, High Return Two Paths To Grow assets in a volatile sector 1. Western Clays/DLE High capex & low return Figure 1: Annual Returns By Commodity Processing risk Thacker Pass, Nevada Immature market, volatile pricing creates risk and opportunity (LAC:TSX) Production: 40 Ktpa Capita
Slide 4: Lithium Africa Partnership
Lithium Africa Partnership 50/50 partnership with Ganfeng 19.9% established in 2023 Deep exploration/Africa experience Expertise in chemical processing Overview & Mission +30 Field Geologists Downstream Processing capacity + Access to exploration tech Customer relationships • Jointly acquire, explor
Slide 5: Ganfeng as a Partner
Ganfeng as a Partner Expands offtake Key customers: relationship GF takes ~310kt in 2024 to 2026 One of the largest Signs unique downstream JV producers of lithium allowing Pilbara exposure to chemicals globally further down value chain 5
Slide 6: Expansive Portfolio
Expansive Portfolio MALI 6 Licences Lithium Africa Is Building 358 km2 A Portfolio Of The Highest Quality Lithium Projects on CÔTE D’IVOIRE the Continent 4 Licences 1,254 km2 GUINEA 4 Licences 376 km2 ZIMBABWE • Started assembling ground in Mali, 2019 mid-covid 1 Licence • Are now active in most pro
Slide 7: Team
Team Geology Finance/M&A Lithium & Downstream Tyron Breytenbach P.Geo Carl Esprey Roy Zhang CEO Executive Chair Advisor Tyron spent a decade in the mining industry as a geologist (specialized in Carl’s long and varied career within the natural Roy has nearly 10 years of experience in resource estima
Slide 8: Case Study - LAAC Caucharí-Olaroz
Case Study - LAAC Benefits to LAC/LAAC: Aligned capital & downstream expertise to successfully transition to producer 2018 2019 2023 LAC is an unfunded Ganfeng invests US Lithium Production developer $160 M to form JV (>40 ktpa) Pre-2019 2020 Caucharí-Olaroz Ganfeng acquires Ganfeng increased JV to
Slide 9: Capital Structure
Capital Structure Path Forward Shares Outstanding 1.50M Maiden Resource US $1M Current Share Price $28.0 Implied Mkt Cap $42.0M Cash at JV Level >$12.0M Total Equity Capital Raised $16.0M Delineation Drilling US $11M Total Ganfeng JV Contribution $12.0M Zim *$ in USD Exploratory US $7M Drilling/Samp
Slide 10: Lithium Demand
Lithium Demand Future Mine Capacities & their Outputs (Supply) 1.15 mt LEVEL 1 SCENARIO 0.63 mt LEVEL 2 SCENARIO 0.57 mt LEVEL 3 SCENARIO Future Lithium Demand by 2023 Possible by 2025 Possible by 2025-30 Possible after 2030 5.1 2.00 mt 0.22 mt 5.0 Lithium Demand Supply Balance High probability of d
Slide 11: Exploration In Africa
Exploration In Africa 2021 Overview Investment In Lithium Exploration Has Been Minimal – Especially In Africa $17M spent on exploration in Africa Exploration focus has been on pegmatites (ex-tantalum mines) in (7% of global spend) Australia and large lithium salars in South America Globally, there a
Slide 12: Africa's Speed Advantage
1. Yaramoko Fortuna Africa’s Speed Advantage 2. Essakane IAMGOLD 3. Bomboré Orezone Case Study: Burkina Faso’s Gold Sector 4. Yaramoko RoxGold 5. Mana Semafo 2007 6. Hounde Endeavour 1 7. Karma Endeavour • 1 Mechanized Gold Mine 8. Youga Endeavour 9. Kiaka B2gold • Abundant artisanal activity 3 Loul
Slide 13: Africa's Potential
Africa’s Potential ~1.5% ~80% 5-6% of the Global of the of the Africa hosts 3 of 5 Li Supply Global Ta2O5 Global tin largest Hardrock deposits globally Strategy Efficient Explorer Model • Low exploration costs • JV model doubles our dollars Infrastructure • Established Infrastructure in Key Jurisdic
Slide 14: LAR Exploration System
LAR Exploration System Res. 3. Exit at Highest Exploration Value $$$ 2. Higher Value & Lower Risk • Divest and Monetize Def • Higher budget spend to • Royalty or Sale or Carry drill/confirm • Generate news/value Advancing Exploration • LAR is not a miner • Acquire and explore at low cost Drill Testi
Slide 15: The Assets
MOROCCO The Assets GUINEA COTE D'IVOIRE ZIMBABWE
Slide 16: West Africa Portfolio
West Africa Portfolio MALI CÔTE D’IVOIRE GUINEA • West Africa is host to several new and emerging lithium pegmatite districts • Six projects in Mali located in the established Bougouni Basin, host to the Goulamina and Bougouni deposits • Eight projects located in the emerging districts of Côte d’Ivo
Slide 17: Mali Permits
Mali Permits Strategically Positioned Adjacent To The Largest Discoveries In West Africa • Continuation of all structural corridors controlling LCT pegmatite location • Mapping and sampling have identified outcrops of spodumene bearing pegmatites along structural trends • Contiguous to Leo Lithium’s
Slide 18: Target 1: Torakoura
Significant Neighbour Target 1: Torakoura Goulamina is a Top 4 Global Resource Valued at ~US$1B in May 2024 deal Our Deposit (“Torakoura”) is a Large resource upgrade potential Goulamina Analog • Resource increased 68.7 Mt to 211 Mtl • Deposit open in many regions at Known pegmatite inside graniti
Slide 19: Torakoura Drill Program
Torakoura Drill Program Phase 1 Drilling Program • Multiple intercepts of spodumene pegmatites identified in RC drilling • Individual intercepts up to 12m wide in RC drilling • Spodumene pegmatites encountered resembles that of Goulamina • Drilling program is ongoing 19
Slide 20: Côte D'Ivoire Permits & Exploration Plan
Côte D’Ivoire Permits & Exploration Plan • Four early-stage projects in an emerging district • Initial 20 rock samples collected from outcrops indicate presence of fractionated granites anomalous in Li and pathfinder elements • Planned programs include mapping and sampling followed by detailed surfi
Slide 21: Adzopé permit
Adzopé permit Completed field mapping and lithology sampling (175 samples) Li anomalies up to 4570 ppm (0.98% Li2O) and strong correlation with K/Rb • Leucogranitic outcrops with muscovite ± biotite Follow-up auger drilling programs (~21,700 m) to delineate targets for follow-up RC/DD drilling ANAG-
Slide 22: Guinea
Guinea Early-stage exploration Inset projects in an emerging district • Four early-stage but very prospective lithium licenses (375 km2) located in the emerging Kissidougou pegmatite district, located in the Archean Kinema-Man domain • Stream sediment geochemistry conducted by the BRGM highlighted m
Slide 23: Morocco
Morocco Africa’s Processing Hub? • Three emerging Li districts in under-explored belts where LAR will be the first to perform reconnaissance and drilling • Completed mineral systems review and targeted 6,000 km2 for acquisition. • Multiple processing facilities are under development in Morocco, the
Slide 24: Southern & Central Africa
Southern & Central Africa Host to Several LCT Pegmatite Regions • Southern and Central Africa is host to several highly prospective LCT Pegmatite regions in Zimbabwe, Tanzania, DRC and Namibia • Arcadia, Bikita & Zulu mines in Zimbabwe are currently producing lithium in the region Bikita Mine Bikita
Slide 25: Zimbabwe
Zimbabwe New Project Generation • Project pipeline continues to be developed in Zimbabwe • Currently assessing over 40,000 ha in projects in 9 key pegmatite districts with known deposits and mines. Arcturus Shamva Centenary Districts Benson Mine Mudzi District Mutawatawa EPO – Shamva Birthday Gift M
Slide 26: Summary
Summary • Large landholder in multiple new African pegmatite belts Market Cap in CAD$ M - Peer Comparables • Unique and efficient JV explorer model is a new paradigm 600 for exploration 500 • Established government relationships across Africa 400 • Exceptionally experienced explorers/scientists with
Slide 27: Disclaimer
Disclaimer This presentation (“Presentation”), and the information contained herein, is not for general release, distribution or publication into or in any other jurisdiction where applicable laws prohibit or restrict its release, distribution or publication. This Presentation is being issued by Lit
Slide 28: Disclaimer
Disclaimer Saskatchewan Investors Nova Scotia Investors Under Saskatchewan securities legislation, certain purchasers who purchase securities offered by an offering memorandum during the period of distribution Under Nova Scotia securities legislation, certain purchasers who purchase securities offer
Slide 29: Contact
CONTACT Tyron Breytenbach Chief Executive Officer tb@li-africa.com Li-africa.com