Slide 1: Benchmark World Tour Presentation
For personal use only Benchmark World Tour Presentation September 2019
Slide 2: Important and Cautionary Notes
Important and Cautionary Notes For personal use only The information in this release that relates to metallurgy and metallurgical test work has been reviewed by Mr Noel O’Brien, The mineral tenements of the Company as described in this presentation are at various stages of exploration, and potential
Slide 3: Important and Cautionary Notes
Important and Cautionary Notes For personal use only Competent Person Statements: ‘expect’,’intend’,’may’,’would’,’could’,’should’,’scheduled’,’will’,’plan’,’forecast’,’evolve’ and similar expressions. Persons The Mineral Resources and Ore Reserves underpinning the Production Target have been prepar
Slide 4: Australia's Next Lithium Producer
Australia’s Next Lithium Producer For personal use only Rapidly growing world demand needs Core’s reliable source of high quality lithium low capex, low opex, low risk, • New producers in Australia have experienced high operating costs and difficulty sustaining customer quality • As a result new pro
Slide 5: Why is more spodumene needed?
Why is more spodumene needed ? For personal use only Medium and Long-Term Lithium Demand Increasing • Electric Vehicle (EV) v Internal Combustion Engine (ICE) price parity by 2022 – inflexion point for extraordinary demand growth • Mainstream car manufacturers bringing forward and rapidly expanding
Slide 6: Why is Core's high-quality lithium needed?
Why is Core’s high-quality lithium needed? For personal use only • Current new raw supply meeting volume needs in short term • But, • New producers in Australia have experienced high operating costs and difficulty sustaining customer quality • High Capex flotation process not meeting expected recove
Slide 7: Finniss Project Spodumene Concentrate: Core's Supply Chain Success Factors
Finniss Project Spodumene Concentrate: For personal use only Core’s Supply Chain Success Factors • Core’s Finniss Lithium Project meets the markets needs because of : • Lower Capex • Lower Transport and Operating Cost • Lower Technical Risk • High Quality / Lower Iron Lithium Concentrate • Higher Ma
Slide 8: Corporate Information
Corporate Information For personal use only Share Price Performance Last Twelve Months Capital Structure (as at 31-Aug-19) $0.07 20m Share Price ~A$0.04 $0.06 Shares on Issue 788.66M $0.05 15m Market Capitalisation ~A$31.5M $0.04 10m Options and Rights Unlisted 26.15M $0.03 Cash (30 June 19 + LRC ro
Slide 9: DFS April 2019
DFS April 2019 For personal use only DFS is Project Snapshot - Project continuing to evolve and grow • DFS Confirms Finniss Lithium Project as robust, high-margin Management Case Highlights low-capex, lithium project • 175,000tpa production capacity of high-quality lithium Strong cashflow Rapid payb
Slide 10: Prime Location and Valuable Infrastructure Available
Prime Location and For personal use only Valuable Infrastructure Available Aerial view of Darwin, the Port of Darwin and the Grants Lithium development Excellent Location and Infrastructure Advantages 10
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: Grants Lithium Project – 1st in line at Finniss
Grants Lithium Project – 1st in line at FINNISS For personal use only Grants Lithium Project – General Layout Grants Lithium Project - DMS Plant High Quality Spodumene Concentrate 12
Slide 13: High Grade Reserves + Efficient DMS Process = High Quality Spodumene Concentrate
High Grade Reserves + Efficient DMS Process = For personal use only High Quality Spodumene Concentrate Concentrate Quality • 5.5-6.0% Li2O concentrate • +70% net recoveries 13
Slide 14: Offtake and Prepayment Agreements
Offtake and Prepayment Agreements For personal use only Offtake, Investment and Product Prepayment with some of China’s Largest Lithium Converters Binding Offtake for 75,000tpa of spodumene Key Binding Pre Payment and Offtake Terms representing approx. 40% of Core’s 175,000tpa production capacity Pr
Slide 15: New Non-Binding Termsheet on Fine Lithium Product Adds to Finniss Revenue
New Non-Binding Termsheet on Fine Lithium For personal use only Product Adds to Finniss Revenue Non-Binding Term sheet signed for sale of up to 200,000tpa of Fine Lithium • Indicative pricing of between $US55/t and US$65/t of FL • 200,000 to 250,000tpa FL forecast to be produced by Core as a by-prod
Slide 16: Currently Drilling to Expand Reserves and Resources - Significant Upside
Currently Drilling to Expand Reserves and Resources - For personal use only Significant Upside • Current and Future Drilling Programs leading to multiple Mineral Resource increases & substantial upgrades in 2019 and beyond • Pipeline of high-grade lithium targets that form the basis of its resource
Slide 17: Currently Drilling to Expand Reserves and Resources - Significant Upside
Currently Drilling to Expand Reserves and Resources - For personal use only Significant Upside • Discoveries - Core’s exploration has discovered some of the highest-grade lithium in Australia, capable of producing quality spodumene concentrate • Numerous high-grade lithium pegmatite targets identifi
Slide 18: Mine Studies and Resource/Reserve Upgrades Underway Toward Increasing Mine Life
Mine Studies and Resource/Reserve Upgrades Underway Toward Increasing Mine Life For personal use only • DFS clearly showed that additional mine life has a significant upside economics • Core has resource and reserve expansion drilling underway • Mining studies also in progress toward significantly i
Slide 19: ASX Lithium Sector Comparison
ASX Lithium Sector Comparison For personal use only 3,168 Source: ASX Announcements and Company Reports 1 Costs & sales price for Galaxy, Altura, Pilbara &Alita from Jun-19 Quarter Reports. Production, costs, sales price for Core (from Apr-19 DFS), Liontown (from Jan-19 Scoping Study), Kidman (from
Slide 20: Moving Toward Production Late 2020
Moving Toward Production Late 2020 For personal use only 2019 2020 2021/22 Activity Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 CY Mining Lease Feasibility Study Offtake and Customer Finance Environmental and Approvals FID Mining and Construction Stage 1 - Commissioning and Production Ramp-up Stage 2 - Po
Slide 21: Positioned to be Australia's Next Lithium Producer
Positioned to be Australia’s For personal use only Next Lithium Producer High grade lithium Best logistics chain 01 Mineral Reserve 04 Excellent infrastructure and Top quartile lithium grade of located 25km from Darwin, 1.4% close to Asian customers Low risk Offtake and funding 02 Conventional open
Slide 22: For more information
For personal use only For more information: Core Lithium Stephen Biggins: +618 8317 1700 For broker and media enquiries: Cannings Purple Warrick Hazeldine: +61 417 944 616 Andrew Rowell: +61 400 466 226
Slide 23: Appendix
For personal use only Appendix
Slide 24: Finniss Lithium Project Reserves and Resources
Finniss Lithium Project Reserves and Resources JORC (2012) Resource Table1 For personal use only Resources Ore Grade Contained Deposit Classification Mt LiO2 % LiO2 t Measured 1.09 1.48% 16,100 Indicated 0.82 1.54% 12,600 Grants Inferred 0.98 1.43% 14,000 Total 2.89 1.48% 42,700 Measured - - - Indic