Lithium Universe Limited · ASX:LU7
Lithium Universe — Investor Presentation (November 2023)
39 slides from Lithium Universe's investor presentation, Nov 24, 2023
Slide 1: A new lithium company emerges from the galaxy
For personal use only After a 10 year hiatus, a new lithium company emerges from the galaxy ASX LU7
Slide 2: Universe Limited - Lithium Future
Universe LIMITED LITHIUM FUTURE 4 i
Slide 3: Lithium Trail Blazer is Back
Iggy Tan, Chairman Lithium Trail Blazer is Back For personal use only • Ran Greenbushes Li in 1995, commissioned Li Carb Plant • First mining executive - lithium-ion battery future • Built Mt Cattlin Spodumene Mine (137 ktpa) • Built Jiangsu Lithium Carbonate Plant (17 ktpa) • GXY Mkt Cap < $10 m (l
Slide 4: Successful at Start-Ups
Successful at Start-Ups • 1 Mtpa mining • 17,000 tpa Li Carbonate For personal use only • 137,000 tpa concentrate • Largest plant in the world at the time • DMS plant only • Start up issues but today at design rate • On time, on budget • Best quality Li Carbonate today • Price US$ 260/t, today ~US$
Slide 5: Greenbushes Lithium Veteran
Greenbushes Lithium Veteran For personal use only • Ran Greenbushes Mine for 25 years • Spodumene concentrating experience • Oversaw expansion from 200 Ktpa to 1.4 Mtpa • Largest spodumene mine in the world • Highest grade deposit Patrick Scallan OAM Non Executive Director ASX LU7
Slide 6: Why Canada?
Why Canada? For personal use only • Australia produced >2.3 mt spodumene in 2022 • Australia pillar of China Li battery value chain • Fertile ground for spodumene • Not much production from Canada • Many exploration companies now in Canada • Australian expertise moving to Canada “Canada wants to be
Slide 7: Lithium projects are taking too long to be built
For personal use only “Lithium projects are taking too long to be built and there is not enough coming on line to meet future demand” Iggy Tan Non Executive Chairman ASX LU7
Slide 8: Many lithium explorers, not many have experience to build
For personal use only “There are many lithium explorers, but not many have the experience to build lithium projects” ASX LU7
Slide 9: We are not here to explore for exploration's sake
For personal use only “We are not here to explore for exploration's sake” ASX LU7
Slide 10: Here to build a Lithium project in Canada quickly
For personal use only “We are here to build a Lithium project in Canada as quick as we can” ASX LU7
Slide 11: Apollo Vehicle to the Universe
Apollo Vehicle to the Universe For personal use only • Situated in James Bay, Quebec • Apollo (80%) Acquired in June 2023 • Large footprint of 466 claims & 240 km2 • When staked Lithium cycle was at its low point • Between two unknown exploration companies • NASA passion for discovery Apollo Project
Slide 12: James Bay Lithium Hot Spot
James Bay Lithium Hot Spot Pegmatite Outcrops Hydro Power For personal use only Apollo Project, Airport Quebec Patriot Battery Metals Winsome Resources Corvette Cancet Winsome Resources Adina Apollo is larger in area than Corvette Apollo Project by 26 sq km 28 Kms
Slide 13: Major Discoveries by Neighbours
Major Discoveries by Neighbours Pegmatite Outcrops Excellent > 30m and at >1.3% Li2O close surface For personal use only Good > 10m and at >1.1% Li2O close surface Also depends on dip and depth HIGH GRADE, THICK MINERALISATION, CLOSE TO SURFACE Winsome Resources Cancet Patriot Battery Metals Corvett
Slide 14: Exploration Commences at Apollo
1 For personal use only Exploration Commences at Apollo • Partnered with Laurentia Exploration Inc • High-resolution Airborne Magnetic Survey completed • Micro-Gravity and soil sampling program • Priority drilling targets identified
Slide 15: Coarse Spodumene District
Coarse Spodumene District Pegmatite Outcrops For personal use only Patriot Corvette Coarse Spodumene DMS Testwork Only Winsome Resources Cancet Patriot Battery Metals Coarse Spodumene Corvette Apollo Project Allkem James Bay 28 Kms Winsome Resources Adina Coarse Spodumene DMS Plant Only
Slide 16: Benefits of Coarse Spodumene
Benefits of Coarse Spodumene For personal use only Spodumene Waste 8% Li2O 0% Li2O SG 3.2 SG 2.9 ` ` `` ` Crushing ` ` Ore Sorter ```` ` ``` ` ` ` ` `` Waste ``` ` ` ` ` `` ` ` ` `` Dense Media Spodumene ` ` ` ` ` Separation (DMS) 5.5% Li2O ` ` `` 0.5 - 6mm Grade 1.5% Li2O Mt Cattlin & James Bay are
Slide 17: For personal use only
For personal use only
Slide 18: Dream Team
Iggy Tan Chairman Ex Galaxy MD Lithium For personal use only Patrick Scallan NED Dream Team Ex GM Talison Lithium Alex Hanly CEO Dr Jingyuan Liu NED Ex Galaxy GM Technology John Loxton Head of Li Refinery Ex Hatch Li Carb Plant Terry Stark Head of Mining Ex Galaxy GM Operations Roger Pover Head of P
Slide 19: Typical Li Mine Development
Typical Li Mine Development For personal use only 8-10 Years to First Product Maiden Scoping PFS DFS Funding Construct 12 mths 12 mths 12 mths 12 mths 12 mths 18 mths Explore Options Select Develop Due Diligence Commission 6 Maiden Res Feasible Estimates Firm Quotes Funding mths Exact Plant Design A
Slide 20: Dream Team Track Record: Mt Cattlin
Dream Team Track Record Mt Cattlin Spodumene Project For personal use only 3 Years to First Product Maiden DFS Construct First Product Jan 2009 Dec 2007 Aug 2009 Oct 2010 DFS Completed 2 mt Resource Construction Starts Plant Complete 12.3 mt Resource • Skip Scoping, PFS • Run things in parallel • Te
Slide 21: Kwinana LiOH Plant
Kwinana LiOH Plant For personal use only 5 Years (61 Months) so far Start of Construction Completion Commercial Construction Delays Production Oct 2016 May 2021 • Tianqi lithium producer • Capital Cost Blowout, A$400m → A$770m • FY 23 production 1,884 t (8% of design) ASX LU7
Slide 22: Failed Canadian Li Projects
Failed Canadian Li Projects For personal use only Canada Lithium Nemaska Lithium • DFS completed 2011 • DFS completed 2018 • Started 2014 • Spent CAD 411 m • Spent circa CAD 250m • Failed to start up 2019 • Produced 109 t LC • Bankruptcy 2015 ASX LU7
Slide 23: Dream Team Track Record: Jiangsu Li Carbonate Plant
Dream Team Track Record Jiangsu Li Carbonate Plant For personal use only 2 Years (25 months) to Commercial Production Ground Start of Project Steady Breaking Construction Completion State 6 May 2012 21 Feb 2010 6 Dec 2011 (6 mths 1 May 2010 (19 mths) Commissioning) • Capital Cost – US$120 m • At des
Slide 24: Why have these projects failed?
Why have these projects failed? For personal use only • Lack of Operating Maintenance direction at design • Lack of overall plant operation understanding • Limited Management oversight at design • Limited Commissioning experience That’s why our Lithium Dream Team are Operators DESIGN
Slide 25: Canada Forcing Critical Minerals Strategy
Canada Forcing Critical Minerals Strategy For personal use only • Ordered Sinomine to divest from Power Metals Corp • Relinquish spodumene off-take contract • Citing “multi-step security review” • Established automotive industry → EVs • Canada appears to be forcing a downstream lithium solution
Slide 26: Solving Challenges for Canada
Solving Challenges for Canada For personal use only No Production from Govt Downstream Canada Requirement Quebec Lithium Processing Hub (QLPH) Lack of Processing Exp Li Explorers ASX LU7
Slide 27: Quebec Lithium Processing Hub Concept
Partner Mine Apollo Mine For personal use only ROM ROM Quebec Lithium QLPH Concentrator Spod Conc Processing Hub (QLPH) 1Mtpa QLPH Lithium Carbonate 140,000tpa Plant Concept External Concentrate Mine to Battery Grade Lithium Battery Grade Lithium Carbonate Carbonate Strategy 16,000 tpa Canadian US B
Slide 28: QLPH Concentrator
QLPH Concentrator For personal use only Partner Mine Partner Mine • Based on proven Mt Cattlin design ROM ROM • 5 Year ROM off-take JV deal – local juniors • Not a toll company – purchase ROM QLPH Concentrator Spod Conc 1Mtpa • Brings early cash flow for juniors to develop mines 140,000tpa Concentra
Slide 29: Battery Grade Lithium Refinery
Battery Grade Lithium Refinery For personal use only • 16,000 tpa battery grade lithium carbonate plant • No a toll Company – Purchaser of Concentrate QLPH Spod Conc Concentrator • Based on proven Jiangsu design 1Mtpa QLPH Lithium 140,000tpa Carbonate • Battery grade LC sold to Canada, USA, Europe P
Slide 30: QLPH Concentrator Engineering Study
QLPH Concentrator Engineering Study For personal use only • Primero Engineering Co appointed 2 • Lithium experience – Bald Hill, Covalent, Core, James Bay • International Co, Aust based, Toronto Office • Today’s price to build a Mt Cattlin style concentrator in Canada • DFS level of study
Slide 31: QLPH Concentrator
QLPH Concentrator Open Pit Mining Ore Haulage 1.0 Mtpa 3 Stage ROM For personal use only Crusher -20mm Ore Sorter Crushed Ore Storage Heavy Media 4th Stage Separation >3mm 1o Mica Crusher Screening Removal Ore Sorter Filter -6mm Heavy Media Attritioner Separation +0.85mm Waste Waste Reflux 1o Spodum
Slide 32: QLPH Lithium Carbonate Engineering Study
QLPH Lithium Carbonate Engineering Study For personal use only • Hatch Engineering Company appointed 3 • Canadian Co, Aust based, Canadian Offices • Quebec experience (Raglan, Jansen, Gahcho Kué) • Built Jiangsu Li Carbonate Plant • Today’s price to build a Jiangsu style refinery in Canada • DFS lev
Slide 33: QLPH Lithium Refinery
QLPH Lithium Refinery Sulphuric Acid For personal use only Cooler Calciner Cooler Sulphating Hydrated Alpha Kiln Hydrated Beta Lime Spodumene Spodumene Lime Spodumene Ball Milling Water Filter Process Liquor Leaching Polishing Wash Tank Filter Mg Ca Water Alumina Precipitation Precipitation Sodium S
Slide 34: Filling the Downstream Gap
Filling the Downstream Gap For personal use only • Little Merchant Lithium Refineries in Nth America • Big gap that needs to be plugged • Our focus is to start at downstream and work upstream • Strong investment interest • Discussions with many juniors – target establish resource • Location study fo
Slide 35: Li Carb Refinery Location Study
Li Carb Refinery Location Study For personal use only • Hatch conducted study • NG, HV electricity, water, rail, road, and port facilities • Labor availability, costs, waste management • Bécancour Industrial Park most favoured • Becancour port, St Lawrence River, 80km Québec City • Commenced discuss
Slide 36: Why Li Carbonate not Li Hydroxide?
Why Li Carbonate not Li Hydroxide? For personal use only • We have a proven track record in Li Carbonate • 47% Li Carbonate used around the world • Li Carbonate feed for LFP lithium batteries • LFP battery growth due to safety and costs • Tesla moving to LFP batteries
Slide 37: Apollo Project, Dream Team, Quebec Lithium Processing Hub
For personal use only Apollo Lithium Project Between two major discoveries, large potential Lithium Dream Team Proven Lithium Track Record Quebec Lithium Processing Hub Concept Vertically integrated mine to battery grade lithium strategy ASX LU7
Slide 38: Join us on our Mission to the Universe
For personal use only Join us on our Mission to the Universe Building a Lithium Future ASX LU7
Slide 39: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS The Company wishes to remind investors that the presence of pegmatite does not necessarily equate to spodumene mineralization. Also that the presence of pegmatite and spodumene mineralization on nearby tenements does not necessarily equate to the occurrence on Lithium Univ
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