Lake Resources N.l. · ASX:LKE
Lake Resources N.l — Noosa Conference 2020
23 slides from Lake Resources N.l's conference presentation, Nov 12, 2020
Slide 1: Clean High Purity Lithium
CLEAN HIGH PURITY LITHIUM For personal use only 99.97% purity lithium carbonate with clean technology at scale Steve Promnitz - Managing Director 12 November 2020 - Noosa Conference ASX:LKE FRA:LK1 OTC:LLKKF
Slide 2: Disclaimer
Disclaimer For personal use only General Statement and Cautionary Statement Forward Looking Statements This presentation has been prepared by Lake Resources N.L (Lake) for information purposes and meetings Certain statements contained in this presentation, including information as to the future fina
Slide 3: Clean Technology – No Mining
Clean Technology – No Mining. For personal use only • Clean Technology – Adaptation of known water treatment method; No mining • Disruptive Direct Extraction with Tech Partner, Lilac Solutions – Efficient lithium separation from salty water (brine); cost competitive vs traditional process; Technolog
Slide 4: Why Lithium? Growing Demand for Quality
Why Lithium? Growing Demand for Quality Need 18 times more Lithium Production by 2030; Underinvestment in new supply For personal use only EU Commission Report – 3 September 2020 Need 18 times more Lithium Production by 2030 1st time lithium added to critical raw materials list Megafactory growth bu
Slide 5: Why High Purity? Growing Demand
Why High Purity? Growing Demand For personal use only 99.97% Purity Lithium Carbonate Produced from Kachi project brines by Hazen labs After processing in Lilac direct extraction pilot module • Battery Grade considered to be 99.5% • Kachi samples have very low impurities (60x less than 99.5% battery
Slide 6: Why Low Impurities? Premium Pricing & Cost Competitive
Why Low Impurities? Premium Pricing & Cost Competitive For personal use only Direct Extraction Kachi Project Positioned at lower end of cost curve Lithium Carbonate Pricing Range Brine – Lower Cost Hard Rock – Higher Cost ASX:LKE OTC:LLKKF SLIDE / 6 Source: LKE announcements 20/10/2020, 14/01/2020
Slide 7: Why Direct extraction? Clean, Efficient
Why Direct extraction? Clean, Efficient For personal use only Re-engineered well-known technology in water treatment No Evaporation or Mining • Efficient – just lithium removed from brine • Faster – days not months or years • Higher recoveries than evaporation • High purity – because only lithium re
Slide 8: Direct extraction. Disruptive Technology
Direct extraction. Disruptive Technology (3 hrs to 30-60,000ppm vs 1-2 years) Ion Exchange Process For personal use only Saves time and money - Faster production. Recoveries doubled Lilac Solutions Lower impurities – Higher purity as only lithium is extracted. Sustainable solution – Brine reinjected
Slide 9: High Purity Lithium Process – Simple
High Purity Lithium Process – Simple For personal use only Pumping Brines - Kachi Direct Extraction Lithium Chloride – Lilac Pilot Plant Module Lithium Carbonate - Hazen Cathode/ Battery - Novonix ASX:LKE OTC:LLKKF SLIDE / 9
Slide 10: Why Direct extraction? Small Environmental Footprint
Why Direct extraction? Small Environmental Footprint For personal use only Lilac Direct Extraction Footprint vs Brine Evaporation Ponds (Atacama) and Hard Rock Mining (Greenbushes) Evaporation - Atacama Hard Rock - Greenbushes 15 km 5 km Direct Extraction - Kachi Direct Extraction: Returns ASX:LKE b
Slide 11: Why Sustainable Lithium? ESG in demand
Why Sustainable Lithium? ESG in demand For personal use only Electric Vehicle Makers want more sustainable battery materials in EV’s • Electric Vehicle Makers, EU Seek More Sustainable Lithium – Volkswagen, Daimler, BMW, EU want more responsible sourcing of battery materials (Reuters) • Direct extra
Slide 12: Prime Location
Prime Location – For personal use only Large Producers. ATACAMA Tianqui/SQM Albemarle Lithium Triangle: 40% of world’s lithium production at the lowest cost. Lake’s Advancing Projects 5 largest producers all have operations ALB, SQM, LTHM + Tianqui, Ganfeng Ourhas Lake projects are side- a large pro
Slide 13: Major brine resource - Top10
For personal use only Major brine resource - Top10 4.4 Mt LCE Total Resource (1Mt LCE Indicated Resource; 3.4 Mt Inferred) PFS only uses 20% of resource Open at depth and laterally 11x 70,000 hectares of leases (11x Size of Manhattan Island) It’s Not About Grade – In industrial chemistry, ‘low impur
Slide 14: Why Kachi? High Margin Pre-Feasibility Results
Why Kachi? High Margin Pre-Feasibility Results For personal use only • Long Life, High Value Project - 25 year production 25,500 tpa LCE**; US$1050 million project value* (NPV @ 8% discount rate, Pre-tax) • High Margin Lithium Production – • 55% Operating Margin; US$465 million EBITDA in 1st 3 years
Slide 15: Lake's Clean Lithium into Batteries – Novonix
Lake’s Clean Lithium into Batteries – Novonix For personal use only Novonix - battery technology leader (ASX:NVX; OTCQX:NVNXF) Tier 1 firms - Panasonic, CATL, Samsung, SK, Apple, Bosch, Honda and Dyson Work with Dr Jeff Dahn at Dalhousie Uni - a ground breaking "name" in the battery tech space Devel
Slide 16: Lake – 506m Brine zone
For personal use only Lake – 506m Brine zone Cauchari Project. 421- 540mg/L lithium (102-608m) 493mg/L ave. (117-460m) Lake results show: • similar brines • similar high grades • similar flow rates. 506m Brine zone vs 198m in adjoining project AAL – 198m Brine Zone 450mg/L lithium (6-204m) Source: L
Slide 17: Production Timeline
Production Timeline. For personal use only H1 - 2020 H2 – 2020 , H2 - 2021 High purity samples Kachi samples to battery makers for qualification Kachi direct extraction pilot purposes; testing by Novonix plant module – operating Kachi – offtake and strategic partner discussions Kachi PFS (Apr 2020)
Slide 18: Lake Resources share price and market data
LAKE RESOURCES (ASX:LKE , OTC:LLKKF) LAKE RESOURCES (ASX:LKE) For personal use only 1 YEAR Share price chart Total Current Shares on Issue 792,128,624 Listed Options (10c) Jun 2021 Expiry 52,512,693 Unlisted Options (4.6c) Oct 2022 Expiry 18,300,000 Unlisted Options (8c) Feb 2022 Expiry 5,555,000 Un
Slide 19: Lithium Producers vs Developers
For personal use only Lithium Producers Recently Uplifted Developers yet to rise Lake Resources Lake $50m vs Peers vs Lithium Americas (LAC) Pre-Production LAC $80-200m market cap Vs Standard (SLL) Direct Extraction Trading at 4%NPV vs 8 SLL Peers 10-40% NPV 8 LKE Research: LKE website Note: Any per
Slide 20: Clean High Purity Lithium - Unique Proposition
Clean High Purity Lithium - Unique Proposition. For personal use only • New Clean Technology for High Purity Lithium – Growing need • Responsibly Sourced & Sustainable - Growing demand from EV makers, EU guidelines – Enables a clean future; One of few new sustainable lithium suppliers • 21st Century
Slide 21: Appendix - PFS Kachi
PFS - Kachi. Appendix - PFS Compelling Economics; High EBITDA Margin For personal use only Cost Competitive; High Value Product Key Financial Parameters Values NPV8 (NPV @ 8% discount rate) Pre-tax US$1,052 million (A$1,660 million)* NPV8 (NPV @ 8% discount rate) Post-tax US$748 million (A$1,180 mil
Slide 22: Appendix – Mineral Resource – JORC Code 2012
Appendix – Mineral Resource – JORC Code 2012 For personal use only Kachi Lithium brine Project. KACHI LITHIUM BRINE PROJECT MINERAL RESOURCE ESTIMATE JORC Code 2012 Edition Indicated Inferred Total Resource Area, km2 17.1 158.3 175.4 Aquifer volume, km3 6 41 47 Brine volume, km3 0.65 3.2 3.8 Mean dr
Slide 23: Appendix – Table Report – JORC Code 2012
Appendix – Table 1 Report – JORC Code 2012. For personal use only ASX:LKE OTC:LLKKF SLIDE / 23 ASX: LKE SLIDE / 23