European Lithium Ltd. · ASX:EUR
European Lithium — Investor Presentation (March 2019)
23 slides from European Lithium's investor presentation, Mar 22, 2019
Slide 1: Corporate Presentation March 2019
For personal use only CORPORATE PRESENTATION March 2019
Slide 2: Disclaimer
DISCLAIMER For personal use only This presentation (Presentation) has been prepared by and is the sole responsibility of European Lithium Limited (the Company). It is not a disclosure document and should not be considered as an offer or invitation to subscribe for, or purchase any securities in the
Slide 3: European Lithium – Wolfsberg Lithium Project
EUROPEAN LITHIUM For personal use only WOLFSBERG LITHIUM PROJECT 2
Slide 4: European Lithium – Key Investment Highlights
EUROPEAN LITHIUM – KEY INVESTMENT HIGHLIGHTS For personal use only PRODUCTION Advanced lithium project aiming to be the first local lithium Mine Life > 10 years* START 2021/22 supplier into an integrated European battery supply chain Considering PRIME FOCUS ON Move of operational management and head
Slide 5: Growing Battery Cluster in Europe
GROWING BATTERY CLUSTER IN EUROPE For personal use only AUSTRIA FINLAND HUNGARY Plant Type: Batteries Plant Type: Cathode Precursors Plant Type: Batteries Status: Operational Status: Announced Oct 2018 Status: Operational Production Start: Expansion planned Production Start: 2020 Production Start: 2
Slide 6: European Battery Alliance
EUROPEAN BATTERY ALLIANCE For personal use only EU launches “Airbus-style consortium for batteries“ ● The global energy storage market is estimated to be worth € 250 billion by 2025 ● Gain independence from Asian production (currently 90% of all batteries for EV come from Asia) ● Facilitation of app
Slide 7: Electromobility – Global Outlook
ELECTROMOBILITY – GLOBAL OUTLOOK For personal use only McKinsey Benchmark Minerals Intelligence ● EV production will reach more than 26 million globally ● Planned lithium-ion battery capacity in the pipeline for by 2030 the period 2019-2028 has risen from 289 GWh to 1,549 ● China is expected to add
Slide 8: Lithium Price Development
LITHIUM PRICE DEVELOPMENT For personal use only Historic underestimation of demand forecast Historic overestimation of supply forecast Longterm Demand Curve – ex-ante / ex-post Demand Curve Analysis (kMT-LCE) Source: SQM - ABBC January 2019 7
Slide 9: European Lithium – Lithium in the Heart of Europe
EUROPEAN LITHIUM – LITHIUM IN THE HEART OF EUROPE For personal use only ● Production anticipated to commence 2021/22, potential to be the ● Very good local infrastructure & sources of energy in place first battery-grade lithium producer in Europe ● Mining license has been issued permanently under ce
Slide 10: Geological Resources
GEOLOGICAL RESOURCES For personal use only Type Million Tonnes Grade Li2O (%) Measured 2.86 1.28 Indicated 3.44 1.08 M&I Total 6.30 1.17 Inferred 4.68 0.78 Total 10.98* 1.00 JORC Code (2012) resource at 0% Li2O cut off ● Positive drill results in Q1 2018 confirm Zone 2 could mirror Zone 1, doubling
Slide 11: Geology
GEOLOGY For personal use only Historical Recent Exploration ● Substantial exploration and development work by previous Zone 1 owners include 17,000m of drilling / 1,400m of decline, drives and crosscuts • A deep hole drilling programme comprising four holes totaling 1,750m has verified the extension
Slide 12: Development Roadmap
DEVELOPMENT ROADMAP* For personal use only Q3 2017 Q2 2018 Q3/4 2019 ●Increase resource (completed) ●PFS finalised ●Expected completion of DFS ●Measured, indicated & inferred / ●NPV pre-tax: US$ 339.4m ●Decision on location of lithium JORC compliant resource: ●Expected max. mining rate @ 800,000 t/a
Slide 13: Pre-Feasibility Study - Completed Q2 2018
PRE-FEASIBILITY STUDY - COMPLETED Q2 2018 For personal use only Highlights ● Accelerated case NPV US$339.4 million, based on only the measured and indicated resource of 6.3 million tons at 1.17% Li2O (JORC compliant). ● Lithium hydroxide production 10,129 t/a in accelerated case (higher quality than
Slide 14: Expected Production Costs & Earnings
EXPECTED PRODUCTION COSTS & EARNINGS For personal use only Total investment volume: US$ 424 million Expected production: • Mining rate: max. 800,000 t/a => approx. 67,000 t/a spodumene concentrate • Feldspar: 136,000 t/a • Quartz: 85,000 t/a Processing: • 67,000 t/a spodumene concentrate => approx.
Slide 15: Development Strategy
DEVELOPMENT STRATEGY AUSRICHTUNG & ENTWICKLUNG STRATEGISCHE For personal use only ● DFS at max. 800,000 t/a mined should improve NPV significantly ● Drilling to upgrade the “inferred” resource in Zone 1 to measured and indicated resource ● Completion and presentation of the DFS anticipated Q3/4 2019
Slide 16: DFS Update
DFS UPDATE For personal use only ● European Lithium European Lithium to participate in a €1,000,000,000 battery production funding programme launched by the German Ministry of Economy • Part of a syndicate of acclaimed industry players • Aim: represent the entire value chain of a sustainable battery
Slide 17: Lithium Carbonate & Hydroxide Testproduction
LITHIUM CARBONATE & HYDROXIDE TESTPRODUCTION For personal use only ● Commissioned Dorfner Anzaplan with the construction of a pilot plant ● Production of spodumene concentrate from lithium-bearing ore from test mining ● Processing of spodumene concentrate to lithium carbonate and hydroxide for testi
Slide 18: Strategic Partners
STRATEGIC PARNTERS For personal use only ● Geology Adviser - Dr Richard Göd (ex Chief Geologist Minerex) (Austria) ● Exploration Management – Technisches Büro für Geologie (Austria) ● Drilling contractor (underground) – Swietelsky (Austria) ● Drilling contractor (surface) – VA Erzberg (Austria) ● Co
Slide 19: Appendix
For personal use only APPENDIX 18
Slide 20: Key Data
KEY DATA For personal use only Capital Structure Team Stock Exchange Listings Shares on issue: 558.7 million Board of Directors Primary Listing ASX: EUR Other Listings: Tony Sage Options outstanding1: 226.9 million Frankfurt (PF8), Non-Executive Chairman Vienna Stock Exchange (ELI) Malcolm Day Conve
Slide 21: Board of Directors & Management
BOARD OF DIRECTORS & MANAGEMENT For personal use only Dietrich Wanke Christian Heili Tony Sage CEO Project Director – Non-Executive Chairman Wolfsberg Lithium Project ● Executive Chairman of ASX listed Cape Lambert Resources Ltd and director of ● Experienced Executive Mine ● Experienced mining engin
Slide 22: Lithium in Batteries
LITHIUM IN BATTERIES For personal use only SMART PHONE LAPTOP TABLET TOYOTA PRIUS TESLA ROADSTER LONDON BUS 2-3g/battery 30-40g/battery 20-30g/battery 3.6kg/battery 40kg/battery 200kg/battery ● Lithium-ion has captured nearly 100% of consumer electronics market ● Nearby all major motor vehicle manuf
Slide 23: European Lithium Limited
For personal use only EUROPEAN LITHIUM LIMITED www.europeanlithium.com 22
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