Delta Lithium Limited · ASX:DLI
Delta Lithium — Investor Presentation (December 2022)
30 slides from Delta Lithium's investor presentation, Dec 1, 2022
Slide 1: Equity Raising Presentation
Equity Raising Presentation ASX:RDT
Slide 2: Important Notice
IMPORTANT NOTICE This presentation has been independently prepared by Red Dirt Metals whether to buy, sell or hold a financial product. An investment in Red Dirt Limited (Red Dirt) and is provided for informational purposes only. Metals is considered to be speculative in nature. Before making any in
Slide 3: Corporate Overview
Corporate Overview BOARD OF DIRECTORS Issued Capital (pre-raise) 332.8M $188M $18.7M ORDINARY SHARES MARKET CAP CASH At $565 As at 30 September 2022 David Flanagan James Croser EXECUTIVE CHAIR NON-EXEC DIRECTOR Share Price History $0.80 4,500,000 $0.70 4,000,000 $0.60 3,500,000 3,000,000 $0.50 2,500
Slide 4: Transaction Overview
Transaction Overview Placement • Red Dirt has received firm commitments for a two-tranche institutional placement of 110.0 million fully paid ordinary shares (“New Shares”) to raise approximately $55.0 million (“Placement”) consisting of: ‒ An unconditional tranche of approximately $41.5 million uti
Slide 5: Timetable & Use of Funds
Timetable & Use of Funds Use of Funds Mt Ida A$M Indicative Timetable Drilling – resource infill drilling and resource 18.0 expansion drilling 7:00pm (AEDT) on Wednesday, 30 Record Date for SPP November 2022 Completion of DSO mining studies 1.0 Announcement of Placement and SPP Thursday, 1 December
Slide 6: Lithium Market Remains Buoyant
Lithium Market Remains Buoyant ▶ Demand fundamentals for Lithium remain Spodumene Prices CIF China strong, underpinned by global decarbonisation USD/Tonne efforts $10,000 $8,575 ▶ Securing a reliable supply of Lithium is growing $9,000 $7,708 $8,000 in importance for all downstream users $8,000 $7,0
Slide 7: Fast Tracking to Development
Fast Tracking to Development Mt Ida Lithium Project currently advancing towards the target of becoming a Western Australian producing lithium mine Future growth potential is strong with the recent acquisition of the highly prospective Yinnetharra Lithium Project The Board and Executive team have bee
Slide 8: Mt Ida Lithium Project
MT IDA LITHIUM PROJECT
Slide 9: Mt Ida Lithium Project
Mt Ida Lithium Project ▶ Mt Ida represents a new lithium province with considerable scope for exploration growth ▶ Maiden Mineral Resource Estimate of 12.7Mt @ 1.2% Li2O completed within 12 months ▶ Located on existing granted Mining Leases, Heritage surveys completed - no additional surveys require
Slide 10: Sister Sam Pegmatite
Sister Sam Pegmatite ▶ The Sister Sam (SS) Pegmatite underpins the MRE, with 5.7Mt @ 1.3% Li2O ▶ Large thick tabular LCT pegmatite with high spodumene content and excellent Li2O grades, high grade core ▶ Pegmatites outcrop with high Li grades commencing 55m below weathered cap ▶ No internal waste, p
Slide 11: MRE within 12 months from first drillhole
MRE within 12 months from first drillhole ▶ Maiden resource achieved that provides critical mass to progress development planning ▶ Sister Sam forms the bulk of the resource, with contributions from Timoni and Sparrow ▶ Upcoming drilling to concentrate on converting Inferred resources to Indicated i
Slide 12: Multiple pegmatite zones identified at Mt Ida
Multiple pegmatite “zones” identified at Mt Ida POTENTIAL FOR ADDITIONAL GROWTH THROUGH REGIONAL EXPLORATION ▶ Sister Sam, Timoni & Sparrow deposits remain open at depth ▶ Inferred resources are expected to be upgraded into Indicated categorisation to underpin PFS ▶ Potential increase in size with a
Slide 13: Yinnetharra Lithium Project
YINNETHARRA LITHIUM PROJECT
Slide 14: Yinnetharra Lithium Project
Yinnetharra Lithium Project ▶ The Project includes six tenements covering an area of 520km2 ▶ Heritage clearance approved at the Malinda prospect ▶ 54 mapped LCT pegmatites at the Malinda Prospect over an area of 2.8km x 1.4km ▶ Historical drilling returned intercepts including 23m at 1.02% Li201 ▶
Slide 15: Yinnetharra Lithium Project
Yinnetharra Lithium Project ▶ Current drilling visually showing significant pegmatite thickening at depth1 ▶ Coarse spodumene visually identified in initial Red Dirt drill programme1 ▶ Substantial campaign in 2023 planned ▶ Drilling will test width, depth and grade of mineralisation 1. Refer to ASX
Slide 16: Yinnetharra Lithium Project
Yinnetharra Lithium Project ▶ YNRD005 from 88.9 to 172.5 metres shows particular pegmatite thickening* ▶ Coarse spodumene drilled by Red Dirt Metals in YNRD005 at 129m* ▶ Cross Section showing YNRD005 and YNRD004 off section to the West and interpreted pegmatites. Widths are down hole widths not tru
Slide 17: Next Steps
Next Steps Mt Ida Lithium Project ▶ Investigation of Direct Shipping Ore (DSO) pathway ▶ Metallurgical and initial studies underway to delineate path to produce concentrate ▶ Aiming for fast-track production to take advantage of buoyant Lithium prices Yinnetharra Lithium Project ▶ Early signs of dri
Slide 18: Unlocking Resources for a Greener Future
Unlocking Resources for a Greener Future SPEED TO MARKET FOCUS ▶ Global demand for lithium remains strong, supply options remain limited; therefore, market shortages are likely to persist ▶ The Mt Ida discovery represents a new lithium province – 12.7Mt @ 1.2% Li2O drilled within 12 months of projec
Slide 19: Competent Person Statement
COMPETENT PERSON STATEMENT Competent Persons Statements Exploration information in this Announcement is based upon work undertaken by Mr. Charles Hughes who is a Member of the Australasian Institute of Mining and Metallurgy (AUSIMM). Mr. Hughes has sufficient experience that is relevant to the style
Slide 20: Key Risks & International Offer Restrictions
Key Risks & International Offer Restrictions
Slide 21: Risk Factors
RISK FACTORS There are specific risks that relate to the Company’s business. In addition, there are general risks, many of which are largely beyond the control of the Company and its Directors. The following is not intended to be an exhaustive list of risk factors to which the Company is exposed: CO
Slide 22: Risk Factors (continued)
RISK FACTORS (CONTINUED) New projects and acquisitions The Company may make acquisitions in the future as part of future growth plans. In this regard, the Directors will use their expertise and experience in the resources sector to assess the value of potential projects that have characteristics tha
Slide 23: Risk Factors (continued)
RISK FACTORS (CONTINUED) Results of studies Subject to the results of any future exploration and testing programs, the Company may progressively undertake a number of studies in respect to the Company’s current projects or any new projects. These studies may include scoping studies, pre-feasibility
Slide 24: Risk Factors (continued)
RISK FACTORS (CONTINUED) Metallurgical risks The economic viability of mineralisation depends on a number of factors such as the development of an economic process route for metal concentrates, which may or may not ultimately be successful. Further, changes in mineralogy may result in inconsistent m
Slide 25: Risk Factors (continued)
RISK FACTORS (CONTINUED) Inclement weather and natural disasters The Company's operational and exploration activities are subject to a variety of risks and hazards which are beyond its control, including adverse weather conditions such as excessive rain, flooding and/or fires. Unexpected or seasonal
Slide 26: Risk Factors (continued)
RISK FACTORS (CONTINUED) Commodity price volatility and exchange rate risks The Company is exposed to the risks of commodity price volatility and exchange rate fluctuations increasing the Company's costs. Also, if the Company achieves success leading to mineral production (which may never occur), th
Slide 27: International Offer Restrictions
INTERNATIONAL OFFER RESTRICTIONS 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 any
Slide 28: International Offer Restrictions (continued)
INTERNATIONAL OFFER RESTRICTIONS (CONTINUED) Language of documents in Canada. Upon receipt of this document, each investor in Canada hereby confirms that it has expressly requested that all documents evidencing or relating in any way to the sale of the New Shares (including for greater certainty any
Slide 29: International Offer Restrictions (continued)
INTERNATIONAL OFFER RESTRICTIONS (CONTINUED) United Kingdom Neither this document nor any other document relating to the offer has been delivered for approval to the Financial Conduct Authority in the United Kingdom and no prospectus (within the meaning of section 85 of the Financial Services and Ma
Slide 30: ASX:RDT
ASX:RDT reddirtmetals.com.au
Delta Lithium — Investor Presentation (December 2022) on 6ix