Lithium Americas Corp. · NYSE:LAC
Lithium Americas — Investor Day (June 2018)
41 slides from Lithium Americas's investor day presentation, June 2018
Slide 1: Thacker Pass Project PFS Results
THACKER PASS PROJECT PFS RESULTS JUNE 2018
Slide 2: Agenda
AGENDA * Project Investment Differentiators * PFS Results Summary * Project Geology * CAPEX Summary * OPEX Summary « Mine Operations * Process and Plant * Raw Materials Logistics * Environmental Liability Management * Permitting * Schedule to Production LithiumAmericas TSX &NYSE(LAC) | JUNE 2018 | 2
Slide 3: Project Investment Differentiators
PROJECT INVESTMENT DIFFERENTIATORS Resource Process Location and Logistics Financial Team
Slide 4: Team
Team President of North American Operations and CEO – Alexi Zawadazki Sr. Process Development Manager / Nevada Operations Manager – Dr. Rene LeBlanc
Slide 5: Team
Team Lead Exploration Geologist – Dr. Tom Benson Project Manager / Sr. Process Engineer – Brett Rabe
Slide 6: PFS Fundamentals
PFS FUNDAMENTALS Phase 1 Phase 2 30,000 60,000 0 to 3.5 years 3.5 to 46 years $581M $478M $4,782 $4,060 $3,507 $2,535 - 36.6% - 29.3% - $3.9 billion - $2.6 billion $407 $794 $368 $705 $20.5 $48.1 $18.8 $41.3 $246 $543
Slide 7: PFS Fundamentals
PFS FUNDAMENTALS Phase 1 Phase 2 Plant Plant Plant Plant $383 $899 $0.0632 $0.0632 $0.0756 $0.0756 215 292 $86,400 $86,400 800-1000 500-650 $43M $153M - $6.7B $6.4M $12.3M - $569M
Slide 8: Geology of the Thacker Pass Project
GEOLOGY OF THE THACKER PASS PROJECT
Slide 9: Geological Model
GEOLOGICAL MODEL Magma formation Supereruption Caldera collapse Caldera lake Sedimentation Lake drainage AAKWN = LithiumAmericas TSX & NYSE (LAC) | JUNE 2018 | 9
Slide 10: Comparison of Known Clay Deposits
COMPARISON OF KNOWN CLAY DEPOSITS
Slide 11: Mineral Resource
MINERAL RESOURCE Drilling Program • •
Slide 12: Thacker Pass Project Infrastructure
THACKER PASS PROJECT INFRASTRUCTURE
Slide 13: CAPEX Breakdown
CAPEX BREAKDOWN Railroad & Yards 1% Owner Open Pit Mine Cost Open <1% Pit Mine Owner Cost 7% 12% 8% $41M $67M $36M Sulfuric Lithium Acid Processing & Railroad & Infrastructure Plant Yards 26% 31% 22% $126M $182M $105M Lithium Processing & Infrastructure Sulfuric Acid 49% Plant $287M 44% $210M $581M
Slide 14: OPEX and Sustaining Capital
OPEX AND SUSTAINING CAPITAL SUSTAINING CAPITAL COSTS OPERATING COSTS LOM AVERAGE Indirect Product Shipping Costs G&A 1% Infrastructure 8% 1% 4% Mine 10% Tailings 24% Mine Sulfuric 47% Acid Plant Lithium 44% Processi ng 41% Lithium Processing 20% $623M LOM $2,570/ton LCE (with credits) $13.4M/year $4
Slide 15: Operating Costs per Tonne LCE
OPERATING COSTS PER TONNE LCE PHASE 1 OPERATING COSTS PHASE 2 OPERATING COSTS G&A Electricity Electricity G&A Delivery & 5% Delivery & 4% $239 Product Product $150 Shipping Mine Shipping Mine <1% 11% <1% 12% $537 $13 $478 Sulfuric Acid Sulfuric Plant Acid Plant Lithium Lithium 43% Processing 46% Pro
Slide 16: How Claystone Fits the Lithium Supply
HOW CLAYSTONE FITS THE LITHIUM SUPPLY
Slide 17: How Claystone Fits the Lithium Supply
HOW CLAYSTONE FITS THE LITHIUM SUPPLY
Slide 18: Sensitivity Analysis
SENSITIVITY ANALYSIS Discount Low Case NPV Base Case NPV High Case NPV Current Price NPV Rate (%) $10,000/Li2CO3 $12,000/Li2CO3 $14,000/Li2CO3 $16,000/Li2CO3 ($ billions) ($ billions) ($ billions) ($ billions)
Slide 19: Sulfur Price Sensitivity
SULFUR PRICE SENSITIVITY Sulfur Price Multiplier NPV % IRR* No Crecits Credits ($ Billions) ($/t LCE) ($/t LCE)
Slide 20: Mine Operations
MINE OPERATIONS Open pit mine using continuous miners Trucks haul crushed ore to conveyor (3 km conveyor to plant) Waste rock is used as fill for plant and rail Excess waste rock either backfilled in pit or stored immediately south of pit a SS : Example of continuous mining - most efficient method o
Slide 21: Mine Operations
MINE OPERATIONS Phase 1 Phase 2
Slide 22: Mine Operations
MINE OPERATIONS Phased Pit No. 2 Phased Pit No. 4 Pit Geometry and Direction of Mining LithiumAmericas TSX & NYSE (LAC) | JUNE 2018 | 22
Slide 23: Mine Operations: Milling Grade
MINE OPERATIONS Milling Grade Li (ppm)
Slide 24: Mine Operations
MINE OPERATIONS Location of Waste Rock Dump Majority of waste is backfilled into the pit LithiumAmericas TSX & NYSE(LAC) | JUNE 2018 | 24
Slide 25: Mine Operations: Mine Waste Distribution
MINE OPERATIONS Mine Waste Distribution Unclassified Material Alluvium <1% 15% Basalt 9% Volcanic 2% Ore below 2,500 ppm Li 74% 74% of waste material is clay below 2,500 ppm (excluding ore losses during mining)
Slide 26: Claystone Processing
CLAYSTONE PROCESSING Hard Rock Ne Roasting Claystone Less expensive L _ mining than Rock Brine 1 Known From Industries Ponds LithiumAmericas Direct to Multiple Products TSX & NYSE (LAC) JUNE 2018 26
Slide 27: Claystone Processing
CLAYSTONE PROCESSING Areas in grey indicate Phase 2 (including railyards) 27 JUNE 2018 TSX & NYSE (LAC)
Slide 28: Plant
PLANT • Process is comprised of 3 functional areas: Ore Preparation & Leaching, Sulfuric Acid Plant, & Lithium Processing Plant • No new process technology, only traditional chemical processing equipment used in unique ways, specific to the LNC extraction process: o o o o
Slide 29: Plant – Sulfuric Acid
PLANT – SULFURIC ACID • • o • • Input Without Credits Credits Included % of (USD$/t LCE) (USD$/t LCE) Total OPEX
Slide 30: Plant – Flowsheet
PLANT - FLOWSHEET ce | Surface Miner ROM Stockpile Process Water ~_____ Arba Attrition Scrubber Gangue to Clay Tailings (screen oversize) To Leach Circuit LithiumAmericas TSX & NYSE (LAC) | JUNE 2018 30
Slide 31: Plant – Flowsheet
PLANT – FLOWSHEET 346 kg H2SO4 per tonne of ore 23.8 tonne H2SO4 per tonne LCE
Slide 32: Plant – Flowsheet
PLANT - FLOWSHEEET Condensate | Quicklime From Leacl Circuit rystallizer | Package | Liming System — a To MgSO Storage Pile Liming Filter oy To Neutralization Tanks Ui2COs_ Water Water Vapor Precipitation Water System Product, H Filter DY | Dryer & | | Packaging | * Test well indicates proposed well
Slide 33: Raw Materials
RAW MATERIALS Phase 1 Phase 2 Total per day 136 trucks 46 trucks & 88 rail cars MOU with integrated supply chain partner • • •
Slide 34: Raw Materials
RAW MATERIALS Limestone 243 $/tonne LCE Sulfur 8.9% 1,515 $/tonne Quicklime LCE 481 $/tonne LCE 17.5% 55.3% 18.3% Soda Ash 502 $/tonne LCE
Slide 35: Rail Line
RAIL LINE ¢ Included in Phase 2 ($3.7M of prep work in Phase 1) ¢ Purpose is to streamline reagent shipping and facilitate mine/plant expansions « CAPEX of $105M ¢ 93 km long spur connects with Union Pacific main line e Requires access to approx. 350 acres of private land (costs included in PFS) e u
Slide 36: Environmental Liability Management
ENVIRONMENTAL LIABILITY MANAGEMENT Tailings Management • • • • Dry stack tailings
Slide 37: Environmental Liability Management
ENVIRONMENTAL LIABILITY MANAGEMENT Rehabilitation • • Air Emissions • o o
Slide 38: Permitting
PERMITTING Project has been designed to minimize permitting risk • Government support at all levels • • 2017 Presidential Critical Minerals Executive Order 13817: • • Construction permits expected by Q4 2020 •
Slide 39: Schedule
SCHEDULE 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 Baseline Data and EIS Mine Plan of Operations Pilot Plant Construction Production Engineering /Tradeoff Phase 1 Phase 1 Construction Production Phase 2 Phase 2 Exploration Drilling (SW Basin)
Slide 40: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS Qualified Person. Forward-looking statements.
Slide 41: Contact Information
LithiumAmericas CONTACT INFORMATION info@lithiumamericas.com 1150 - 355 Burrard Street Vancouver, BC V6C 2G8 Canada LithiumAmericas TSX & NYSE (LAC) | JUNE 2018 | 41