Lomiko Metals — Investor Presentation (November 2023)
41 slides from Lomiko Metals's investor presentation, November 2023
Slide 1: Developing a strategic stockpile of critical mineral graphite and lithium properties
Developing a strategic stockpile of critical mineral graphite and lithium properties in Quebec for a North American climate success story November 2023
Slide 2: Disclaimer
DISCLAIMER This presentation is not a prospectus, offering memorandum or an advertisement and is being provided for information purposes only and does not constitute or form part of, and should not be construed as, an offer or invitation to sell or any solicitation of any offer to purchase or subscr
Slide 3: Land Acknowledgement
Land Acknowledgement We would like to begin by acknowledging that the land/projects where we operate are located within the traditional land of the Algonquin Anishnaabeg and Cree Eeyou Istchee Peoples. Our vision is to embrace Indigenous people and Indigenous values within our projects to develop a
Slide 4: Lomiko – a responsible operator of choice
Lomiko – a responsible operator of choice Developing solutions for energy transition Strategic Stockpile of Graphite Opportunities ✓ 3mt of in situ indicated graphite and 0.7mt of inferred resources ✓ XXX ✓ Advancing graphite portfolio across 156 sq km in southern Quebec Early-stage lithium ✓ 102 sq
Slide 5: The Lomiko Advantage
The Lomiko Advantage Potential for Wealth Creation Diverse & Experienced Team Path to $1 billion + market cap Values driven, energetic and through production profile and M&A experienced management team Premium Product • Over 70% fines in flake Strong Partnership Focus distribution – anode profile In
Slide 6: Lomiko partners
Lomiko partners € YS ¢ WA Investissement CRITM LOLS IN = Quebec vectour de transformation métalique International SOMUEM ._.. Canada ECOLOGO . National Research UNIVERSITE Council Canada LAVAL Conseil national de REDUCED ENVIRO a IMPACT. CIFIC recherches Canada ATTRIBUTES EVALUATED: ULCOM/EL NRC-IRA
Slide 7: Market for Graphite
Market for Graphite 7
Slide 8: Natural flake graphite is the most important component in all EV batteries
Natural flake graphite is the most important component in all EV batteries on the market today • 95% of the anode is made of graphite and it is the heaviest mineral in the EV battery making it costly and unsustainable to import into North America • Lomiko is developing the strategic portfolio of cho
Slide 9: 97 graphite mines needed to fuel the EV revolution
97 graphite mines needed to fuel the EV revolution How many mines do we need? • Benchmark forecasts how many mines need to be built in the short time frame to keep up with exceptional volumes of demand needed for key raw materials expected by 2035 • La Loutre is positioning itself for success as a r
Slide 10: Lomiko can provide 10% of North American graphite
Lomiko can provide 10% of North American graphite A massive increase in battery plant capacity - most to start production from 2025-2030 • A wave of new planned electric vehicle battery plants will increase North America’s battery manufacturing capacity from 55 GWh/year in 2021 to nearly 1,000 GWh/y
Slide 11: China announces natural flake and synthetic graphite export restrictions
China announces natural flake and synthetic graphite export restrictions • Restrictions set for December 2023 • China has declared its intention to implement export permits for certain graphite products to safeguard national security. This move is part of China's broader strategy to regulate the sup
Slide 12: The EV market is in high growth mode
The EV market is in high growth mode • International Energy Agency (IEA): the number of electric cars, vans, trucks and buses on roads is forecast to grow from 11m this year to 145m by the end of the decade • China accounts for 50% of all EVs on the road today (13m of 26m globally) • The IEA expects
Slide 13: Graphite shortfall starting in 2023
Graphite shortfall starting in 2023 Shortfall to increase to 8Mt by 2040 Projected Anode Demand (Mt) Graphite Market Balance - Projected Demand and Supply (Mt) 12,000,000 9,000,000 8,000,000 DEMAND IS EXPECTED TO 10,000,000 EXCEED SUPPLY BY 2023 – 7,000,000 AND CONTINUE BEYOND 6,000,000 8,000,000 La
Slide 14: La Loutre Graphite Project
La Loutre Graphite Project 14
Slide 15: www.lomiko.com TSXV: LMR OTC: LMRMF FRANKFURT: DH8C
www.lomiko.com TSXV: LMR OTC: LMRMF FRANKFURT: DH8C 15
Slide 16: La Loutre graphite project close to infrastructure with great geological setting
La Loutre graphite project close to infrastructure with great geological setting • 50% complete Preliminary Feasibility Studies (“PFS”) La Loutre Graphite Project • Location: Quebec, Papineau - 192 km Highway to Port of Montreal – access to power, infrastructure & talent • One large, continuous bloc
Slide 17: La Loutre PEA details
La Loutre PEA details • Two known deposits currently being explored: EV Carmin Zone and Battery Zone Zone • LOM plant production of 21.8 Mtonnes of mill feed at 6.78% Cg diluted EV Zone • Graphite concentrate production at 1.43 Mtonnes Battery grading 95.0% Cg Zone • 14.7-year mine life producing 10
Slide 18: Achieving 184% Increase in Tonnage Indicated Mineral Resources
Achieving 184% Increase in Tonnage Indicated Mineral Resources La Loutre Resource Estimate (Effective Date: March 31, 2023) - PFS Source: InnovExplo March 2023 2023 MRE 2021 MRE Deposit EV Battery TOTAL EV Battery TOTAL Cut-off (%) Cg 1.5 1.5 1.5 1.5 1.5 1.5 Indicated Tonnage (kt) 24,267 40,429 64,6
Slide 19: La Loutre Graphite 70% fines
La Loutre Graphite 70% fines • Developed and optimized PFS level flotation plant flowsheet -LCT testing achieved 94.7% recovery and 98.6% - 99.1% Cg reconciled grade • La Loutre flake distribution is 70% fines - suitable for anode market 37% growth year over year! • -100 mesh is used most commonly i
Slide 20: La Loutre metallurgical program 99.99% purified graphite content
La Loutre metallurgical program 99.99% purified graphite content ✓ Completed PFS level met testing and optimized flow sheet ✓ Completed value-added testing with ProGraphite – micronization, spheroidization, and purification: ✓ Proved that La Loutre material is suitable for battery applications - Sph
Slide 21: La Loutre metallurgical program – next steps
La Loutre metallurgical program – next steps R&D with partners CRITM, COREM and NRC • Testing underway on the flotation concentrate for battery-grade suitability, coating to produce cSPG (coated spherical graphite) for battery trials • Process 1,100 kg rock sample to produce flotation concentrate •
Slide 22: Lomiko Exploration Potential
Lomiko Exploration Potential 22
Slide 23: Graphite: Carmin Acquisition
Graphite: Carmin Acquisition Carmin - historic PFS contiguous to La Loutre Carmin The original historical estimate contemplated certain assumptions Zone A where the mineral resources are stated as Proven and Probable resources for Sites A and B. • Site A: total 1.55 Mt at 10.0% Cg Proven: 1.47 Mt at
Slide 24: Regional exploration in Grenville belt
Regional exploration in Grenville belt Most prospective graphite belt in North America • Completed 1,518-line kilometers of heliborne geophysical surveys completed over the six graphite properties, with 55 targets identified • 268 claims in total on 6 early-stage projects covering 15,639 hectares in
Slide 25: Lithium exploration on massive claim package on Nemaska lithium corridor
Lithium exploration on massive claim package on Nemaska lithium corridor Bourier Property 25
Slide 26: Lithium exploration on massive claim package on Nemaska lithium corridor
Lithium exploration on massive claim package on Nemaska lithium corridor Bourier • Option to earn in 70% with Critical Elements, first trigger: 49% • 203 claims for a total ground position of 10,252 hectares (102 km2) that boasts other lithium deposits and known lithium mineralization • Bourier cons
Slide 27: Bourier lithium project identifies exploration targets with Li anomalies
Bourier lithium project identifies exploration targets with Li anomalies 2021 Exploration Results Bourier Exploration Program 2023-2024 ▪ Focus on 2.5km long Li-Ce-Ta (lithium- Cesium-Tantalum) discovery ▪ Geochemical studies underway and soil sampling over entire concession ▪ Evaluation of targets
Slide 28: Lomiko Advantage
Lomiko Advantage 28
Slide 29: NPV scenario analysis: Positively leveraged to expected graphite price increases
NPV scenario analysis: Positively leveraged to expected graphite price increases • PEA used a graphite concentrate selling price of US $916/t • The current forecast selling price for +94%Cg is US $1,070/t of graphite concentrate (source: Benchmark / Lone Star) • Current public information by graphit
Slide 30: Lomiko advantage: High quality project with low capital requirements
Lomiko advantage: High quality project with low capital requirements combined with high-grade graphite concentrate Project Location Africa/Europe North America Source: Company filings 30
Slide 31: La Loutre graphite development milestones
La Loutre graphite development milestones • Permitting and capital dependent PFS Pilot Plant Testing Feasibility Study Permitting Construction Production 2024 2025 2026 2027 2028 31
Slide 32: Capital Structure
Capital Structure As at Oct 31, 2023 Shares Issued & Outstanding 383.4M Market Cap $7.7M Options 24.3M Cash* $2.0M Warrants 126.3M Debt $- Share Units (PSU/RSU/DSU) 12.2M Total Enterprise Value $5.7M * Cash balance from interim financials – April 30, 2023 Fully Diluted 546.3M Management & Insider Ow
Slide 33: Comparable company analysis demonstrates value creation potential
Comparable company analysis demonstrates value creation potential October 31, 2023 Symbol Price Company Name Market Cap Measured Indicated Inferred EV/Resource Price/Book Shares O/S Cash TEV ($M) (Mt) (Mt) (Mt) (M&I) (mrq) TSX:NEXT 1.380 NextSource Materials Inc 155.4 6.9 219.0 214.4 23.6 76.8 40.9
Slide 34: Diverse leadership & Experienced team, board and advisors
Diverse leadership & Experienced team, board and advisors MANAGEMENT TEAM BOARD OF DIRECTORS STRATEGIC ADVISORS Belinda Labatte, CEO, CFA, MBA, ICD.D A. Paul Gill, Executive Chair Normand Champigny, CEO 20 years experience in capital markets. Fluent in Current positions: Executive Chair at Lomiko Me
Slide 35: For more information
For more information info@lomiko.com Follow us @lomikometals on socials l l l f l
Slide 36: La Loutre: PEA Layout – great base to build on
La Loutre: PEA Layout – great base to build on Mine layout and costs – PEA • Waste rock and tailings co-disposed • Efficient site water management with WASTE ROCK & no wet tailings EV ZONE CODISPOSAL PILE • Pits sequenced to maximize the returns starting from North – EV Pits to South – Battery Pits
Slide 37: A responsible operator with track record of execution
A responsible operator with track record of execution Studies completed ✓ Completed 13,000m+ of drilling at La Loutre with exceptional results ✓ Completed NI-43-101 mineral Resource for La Loutre ✓ Completed 12 months of environmental baseline studies ✓ Completed pre-feasibility metallurgical test p
Slide 38: Corporate budget requirements for La Loutre
Corporate budget requirements for La Loutre The regional exploration program and Bourier work is being funded with Canadian Flow-Through financing PLANNED COMPLETED To PFS for La Loutre Cost ($M) Phase 1 at La Loutre Cost ($M) Mining Plan $0.3 Resource Drilling $3.5 Mining Geotechnical $0.9 Resource
Slide 39: Lomiko advantage: Concentrate grade and NPV/Capex multiple
Lomiko advantage: Concentrate grade and NPV/Capex multiple • Updating the Lomiko PEA for USD $1,500/t target graphite selling price • The La Loutre project combines high-grade concentrate with compelling economics of a post-tax IRR of 43%, post-tax NPV of $520M, and an NPV/Capex multiple of 2.2x Pro
Slide 40: Lomiko advantage: High quality project with low capital requirements
Lomiko advantage: High quality project with low capital requirements combined with high-grade graphite concentrate Project Location Africa/Europe North America Source: Company filings 40
Slide 41: PEA: The La Loutre project delivers 97.4kt/year over a 15-year mine life
PEA: The La Loutre project delivers 97.4kt/year over a 15-year mine life – PEA only, expansion possible Lomiko – La Loutre Operating Graphite Mines Source: Company filings 41
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