Jindalee Lithium Limited · ASX:JLL
Jindalee Lithium — Investor Presentation (July 2024)
26 slides from Jindalee Lithium's investor presentation, Jul 5, 2024
Slide 1: Realising America's Largest Lithium Resource
For personal use only JULY 2024 REALISING AMERICA’S LARGEST LITHIUM RESOURCE Ian Rodger Chief Executive Officer INVESTOR ASX:JLL PRESENTATION OTCQX:JNDAF Jindaleelithium.com
Slide 2: Disclaimer
Disclaimer This Presentation has been prepared by Jindalee Lithium Limited (“Jindalee”, “Company” or “JLL”) and is authorised for release by its Chief Executive Officer, Mr Ian Rodger. Certain information in this presentation has been derived from third parties and though Jindalee has no reason to b
Slide 3: Jindalee Lithium Overview
For personal use only Jindalee Lithium Overview
Slide 4: Key Investment Highlights
Key Investment Highlights Pure play US lithium company focused on progressing the globally significant McDermitt Lithium Project Largest Lithium Resource in the USA (21.5Mt LCE1) For personal use only Li Emerging top tier, generational asset, mirroring the scale and style of Thacker Pass project, cu
Slide 5: Company Overview
Company Overview Proforma Corporate Snapshot1 Share Price (ASX:JLL, OTCQX:JNDAF) Share Capital (ASX:JLL, OTCQX:JNDAF) 73.5m A$/share For personal use only 5.00 Share Price 2 A$0.30 4.50 4.00 Options (from 37c to $5.00) 25.9m 3.50 3.00 A$0.31 Market Capitalisation A$22.1m 2.50 28/06/2024 2.00 Cash 1,
Slide 6: Board and Management team with proven success in creating value for shareholders
Board and Management team with proven success in creating value for shareholders For personal use only d d Wayne Zekulich Lindsay Dudfield Ian Rodger Brett Marsh Darren Wates Paul Brown Non-Executive Chair Executive Director Chief Executive Officer VP Exploration & Development Non-Executive Director
Slide 7: McDermitt strategically situated amidst the expansion of the US battery supply chain
McDermitt strategically situated amidst the expansion of the US battery supply chain Ownership 100% owned by Jindalee For personal use only Location • Located in Malheur County - on the Oregon-Nevada border, ~35km west of the town of McDermitt • Strategically located in same geological formation (Mc
Slide 8: McDermitt Resource contains enough Lithium for >900 million EVs
McDermitt Resource contains enough Lithium for >900 million EVs1 Potential to significantly contribute to the growth of the domestic US EV supply chain ✓ Large shallow flat lying sedimentary deposit, with potential to target higher grade zones early in mine life to improve returns ✓ Exploration Targ
Slide 9: Flowsheet design has leveraged experience of more advanced peers
Flowsheet design has leveraged experience of more advanced peers Similar flowsheet to Thacker Pass validated by LAC 1 via extensive pilot plant work and detailed due As received ore diligence by General Motors (largest shareholder) and US DoE (US$2.3B construction loan 3) For personal use only ✓ Flo
Slide 10: Highly encouraging results from McDermitt PFS workstreams
Highly encouraging results from McDermitt PFS workstreams PFS completion expected in Q4 CY2024 Potential Value Optimisations (VO’s) ✓ US engineering and construction firm Fluor Corp For personal use only appointed lead engineer for the PFS Resource Utilisation Potential to increase Run-of-Mine (ROM)
Slide 11: US Government grant funding applications progressing
US Government grant funding applications progressing with estimated notification due by 2H CY 20241 Applications lodged with two US Government agencies (Defense and Energy) with strong support from state politicians, agencies and potential industry partners For personal use only US Agency Program DP
Slide 12: Capital Raising Overview
For personal use only Capital Raising Overview
Slide 13: Capital Raise
Capital Raise¹ ▪ Jindalee is raising up to approximately $6.7m via an equity raise (placement + entitlement offer) and convertible note (toget her the “Capital Raise”) Overview ▪ Confirmed commitments of $4.1m ▪ Jindalee is conducting the Offer to raise up to approximately $6.7m (before costs), comp
Slide 14: Convertible Note Details
Convertible Note Details¹ Tranche 1 Tranche 2 Subsequent For personal use only Funded Amount ▪ $1.5m ▪ $1.5m ▪ Up to $9.0m ▪ 24 months from the date of issue ▪ 24 months from the date of issue ▪ 24 months from the date of issue Term ▪ 110% of Funded amount ▪ 110% of Funded amount ▪ 110% of Funded am
Slide 15: Funding to drive near term catalysts
Funding to drive near term catalysts Capital Raise proceeds to incorporate value Sources of Funds2 optimisation trade off opportunities into McDermitt Sources Min (m) Max (m) PFS and support significant 2H 2024 milestones For personal use only Placement proceeds $0.6 $0.6 Funding accelerates complet
Slide 16: Pivotal year ahead for Jindalee
Pivotal year ahead for Jindalee De-risking is ongoing, with several major value catalysts expected in 2H 2024 STRENGTHEN COMMUNITY PARTNERSHIPS PREPARATION For personal use only TEAM ENGAGEMENT FOR NEXT Q3 2024 ✓ New Chair1 and CEO2 Update on POSCO test PHASE Q3 2024 work under MoU Accelerate engage
Slide 17: Largest Lithium Resource in the USA
Largest Lithium Resource in the USA McDermitt compares favourably to Jindalee trades at an attractive valuation relative to peers Sediment Hosted Peers3 Enterprise Value (US$)1 / Contained LCE2 in Resources (t) 59 For personal use only Resource (Mt) 3,500 Bubble size is contained LCE2 Mt 3,000 21.5
Slide 18: Thank you
For personal use only Thank you Further information: IAN RODGER Chief Executive Officer email: enquiry@jindalee.net phone: +61 8 9321 7550 18
Slide 19: Supporting Slides
For personal use only Supporting Slides
Slide 20: US bi-partisan support to de-risk critical minerals supply chain
US bi-partisan support to de-risk critical minerals supply chain Establishing a secure supply of Lithium is a priority for US given current reliance on China, which produces c.55%1 of global lithium chemical supply and c.75%2 of lithium-ion batteries For personal use only World’s largest clay and ha
Slide 21: Lithium investment thesis remains robust
Lithium investment thesis remains robust Implied Lithium inventory in China’s supply chain2 (tonnes LCE) ▪ Short term softness driven by Chinese de-stocking and mismatch in short-term For personal use only demand/supply in rapidly growing market ▪ Recent lower prices have meant c.200kt LCE of higher
Slide 22: Wide range of incentives potentially available to McDermitt
Wide range of incentives potentially available to McDermitt For personal use only INFLATION REDUCTION ACT Provides substantial incentives to boost domestic critical minerals and battery production ▪ On 16 August 2022 the Inflation Reduction Act (confirming $369B in funding to reduce carbon emissions
Slide 23: Recent examples of grant and loan funding
Recent examples of grant and loan funding GRANTS (PRE-DEVELOPMENT PHASE) For personal use only ✓ February 2024 – Perpetua Resources awarded an additional US$34.6M1 grant (total US$59.4M) from DoD (under Defense Production Act Title III authorisations) for construction readiness and permitting for St
Slide 24: Appendix 1: Peer Comparison Data
Appendix 1: Peer Comparison Data Comparable North American Sediment Hosted Lithium Deposits Resource Grade Cut-off Contained Deposit Owner Stage Resource Category Source For personal use only (Mt) (ppm Li) (ppm Li) LCE (Mt) Company website – Thacker Measured, Indicated & TSX:LAC FS Complete 1,754 20
Slide 25: Jindalee Track Record of Value Creation
Jindalee Track Record of Value Creation Jindalee's mission is to create wealth for shareholders through the discovery of world-class mineral deposits For personal use only 2002 2004 2005 2007 Jindalee lists Jindalee acquires uranium Uranium projects spun-out as Jindalee sells gold projects into July
Slide 26: Additional information
Additional information For personal use only Competent Person Statement References The Exploration Results and Mineral Resource estimates referred to in this presentation • 04/07/2024, “JLL Secures Funding to Advance McDermitt Lithium Project” were first reported in accordance with ASX Listing Rules