Core Lithium Ltd · ASX:CXO
Core Lithium — Bell Potter Unearthed Natural Resources Conference 2021
17 slides from Core Lithium's conference presentation, Feb 10, 2021
Slide 1: Australia's Next Lithium Producer
For personal use only Australia’s Next Lithium Producer Bell Potter Unearthed Natural Resources Conference 10-11 February 2021 Stephen Biggins Managing Director
Slide 2: Important and cautionary notes
Important and cautionary notes For personal use only This document has been prepared by Core Lithium Ltd (“Core”, “Company”) and provided as a basic overview of the Cautionary Statement: tenements held or controlled by the Company. This presentation does not purport to be all-inclusive or to contain
Slide 3: Important and cautionary notes
Important and cautionary notes For personal use only Competent Person Statements: but not limited to general business, economic, competitive, political and social uncertainties; the actual results of current The Mineral Resources and Ore Reserves underpinning the Production Target have been prepared
Slide 4: Australia's next lithium producer
Australia’s next lithium producer For personal use only Core at the front of the line of new global lithium production ✓ Australia's most advanced new Lithium Project ✓ 25km from Port ✓ Near Construction-Ready ✓ Govt Approvals and funding offer already in place ✓ Targeting DFS Q2, FID Q3, Constructi
Slide 5: CXO is Australia's most advanced lithium developer
CXO is Australia’s most advanced lithium developer For personal use only Core’s Finniss Project is low-risk, near construction-ready and offers substantial value upside Project Finniss Metric 3 (Core Lithium ASX:CXO) Approved Yes DFS Yes Binding offtake Yes Reserves Yes Mining Open Pit and U/G Dista
Slide 6: Corporate information
Corporate information For personal use only Share Price Performance Last Twelve Months Capital Structure (as at 8 February 2021) Share Price A$0.30 Shares on Issue 1,164.4M Market Capitalisation A$349M Options and Rights Unlisted 137.6M Cash (10 Feb 2021 net capital raise fees) A$42M Debt Facilities
Slide 7: Finniss Lithium Project - key advantages
Finniss Lithium Project - key advantages For personal use only Core is developing one of Australia’s most capital-efficient and low-cost lithium projects • Location adjacent World Class Infrastructure • High-grade Lithium Resources 25km from Australia’s closest port to Asia and nearby Darwin capital
Slide 8: Location and Infrastructure
Location and For personal use only Potential LiOH Plant Infrastructure Capex and Opex savings Darwin CBD N Aerial view of Darwin, the Port of Darwin and the Grants Lithium development Excellent location & infrastructure advantages Potential for downstream manufacturing 8
Slide 9: Dense Media Separation (DMS) - no flotation circuit required
Dense Media Separation (DMS) - no flotation circuit required For personal use only DMS avoids problems of other new lithium Australian flotation projects burdened by high capex, large debt and high finance cost and high operating cost (refer appendix) ✓ Simple DMS (gravity) separation produces high
Slide 10: Core Lithium potential to join Tesla Supply Chain
Core Lithium potential to join Tesla Supply Chain For personal use only Tesla recently signs 5-year LiOH supply deal with Core’s largest shareholder and lithium offtaker - Yahua ✓ Core has Binding offtake with Yahua for 75,000tpa (approx. 40% of Core’s current 175,000tpa production) Core Lithium als
Slide 11: Darwin Port Heads of Agreement
Darwin Port For personal use only Heads of Agreement Core has agreement with Darwin Port to ship 250,000tpa of spodumene concentrate Darwin Port is Australia’s nearest port to China East Arm Wharf facilities at Darwin Port are well suited to handle potential future production from Core’s lithium pro
Slide 12: NT Government approvals received for Finniss Lithium Project
NT Government approvals received for Finniss Lithium Project For personal use only Approval milestones 2018 Mineral Lease Granted for Finniss Lithium Project & key infrastructure 2019 Supplementary Environmental Impact Study (EIS) submitted 2020 Mine Processing Plant and EIS & Mine Management Plan (
Slide 13: CXO has been capital restrained
CXO has been capital restrained Now well-funded to increase LOM and production capacity For personal use only CXO 2020 – Capital Restrained – but still 150% increase to the Measured/Indicated Resource and Reserves CXO 2021 – Well Funded - Resource expansion drilling to accelerate LOM growth and capa
Slide 14: Mineral Resources & Ore Reserves expansion
Mineral Resources & Ore Reserves expansion Significant Upside For personal use only Current Project Pipeline Pipeline of high-grade lithium targets that formed the basis of recent resource drilling Current and Future Drilling Programs leading to Mineral Resource and Ore Reserve increases in 2021 and
Slide 15: 2021 Exploration and Resource Growth Strategy
2021 Exploration and Resource Growth Strategy For personal use only Organic resource growth opportunities Strategic resource growth opportunities • Resource/Reserve Extensions : • Potential for new adjacent acquisitions to • Grants, BP33, Carlton, Hang Gong, etc contribute to future resource growth
Slide 16: Well-funded with +$40m cash
Well-funded with +$40m cash Front of the line For personal use only Australia’s next lithium producer ✓ Binding offtake with Yahua to potentially become part of Tesla’s Supply Chain ✓ Approvals in place to commence construction & operation of the Finniss Lithium Project ✓ First European Offtake anno
Slide 17: Thank you
For personal use only Thank you For more information: Core Lithium Level 1, 366 King William Street, Adelaide Stephen Biggins: +618 8317 1700 Authorised for release by the Board of Core Lithium Ltd on 10 February 2021. For broker and media enquiries: Cannings Purple Warrick Hazeldine: +61 417 944 61
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