Lithium Universe Limited · ASX:LU7
Lithium Universe — New World Metals Investment Series 2023
47 slides from Lithium Universe's conference presentation, Sep 12, 2023
Slide 1: Building a Lithium Future
Building a Lithium Future ASX ANNOUNCEMENT AND MEDIA RELEASE 12 September 2023 CEO PARTICIPATES AT THE NEW WORLD METALS INVESTMENT SERIES Further to Lithium Universe Limited’s (“Lithium Universe”, the “Company” or ASX: “LU7”) ASX release dated 5 September 2023 (ASX: LU7 CEO Participates at the New W
Slide 2: About Lithium Universe Limited (ASX:LU7)
About Lithium Universe Limited (ASX:LU7) LU7's main objective is to establish itself as a prominent Lithium project builder by prioritizing swift and successful development of Lithium projects. Instead of exploring for the sake of exploration, LU7's mission is to quickly obtain a resource and constr
Slide 3: After a hiatus, a new lithium company emerges from the galaxy
For personal use only After a 10 year hiatus, a new lithium company emerges from the galaxy ASX LU7
Slide 4: Lithium Universe Limited
Universe LIMITED LITHIUM FUTURE a
Slide 5: Lithium Trail Blazer is Back
Lithium Trail Blazer is Back For personal use only • Attracted back - quality of the Apollo Lithium Project • Ran Greenbushes Li in 1995, commissioned Li Carb Plant • First mining executive - lithium-ion battery future • Replicate success with Galaxy Resources • GXY Mkt Cap < $10 m (left 2013) - ros
Slide 6: Lithium Trail Blazer is Back
Lithium Trail Blazer is Back For personal use only • Built Mt Cattlin Spodumene Mine (137 ktpa) • Built Jiangsu Lithium Carbonate Plant (17 ktpa) • Benchmark for refineries worldwide • Acquired James Bay Lithium Project • Acquired Sal de Vida Brine Lithium Project • Jiangsu sold for A$260m, Nth Sal
Slide 7: Successful at Start-Ups
Successful at Start-Ups • 1 Mtpa mining • 17,000 tpa Li Carbonate For personal use only • 137,000 tpa concentrate • Largest plant in the world at the time • DMS plant only • Start up issues but today at design rate • On time, on budget • Best quality Li Carbonate today • Price US$ 260/t, today ~US$
Slide 8: Greenbushes Lithium Veteran
Greenbushes Lithium Veteran For personal use only • Ran Greenbushes Mine for 25 years • Spodumene concentrating experience • Oversaw expansion from 200 Ktpa to 1.4 Mtpa • Largest spodumene mine in the world • Highest grade deposit Patrick Scallan OAM Non Executive Director ASX LU7
Slide 9: Why Canada?
Why Canada? For personal use only • Australia produced 300 ktpa LCE in 2022 • Australia pillar of China Li battery value chain • Fertile ground for spodumene • Not much production from Canada • Many exploration companies now in Canada • Australian expertise moving to Canada “Canada wants to be the “
Slide 10: Lithium projects are taking too long to be built
For personal use only “Lithium projects are taking too long to be built and there is not enough coming on line to meet future demand” Iggy Tan Non Executive Chairman ASX LU7
Slide 11: There are many lithium explorers
For personal use only “There are many lithium explorers, but not many have the experience to build lithium projects” ASX LU7
Slide 12: Apollo Vehicle to the Galaxy
Apollo Vehicle to the Galaxy For personal use only • Situated in James Bay, Quebec • Apollo (80%) Acquired in June 2023 • Large footprint of 466 claims & 240 km2 • When staked Lithium cycle was at its low point • Between two unknown exploration companies • NASA passion for discovery Apollo Project,
Slide 13: We are not here to explore for exploration's sake
For personal use only “We are not here to explore for exploration's sake” ASX LU7
Slide 14: We are here to build a Lithium project in Canada
For personal use only “We are here to build a Lithium project in Canada as quick as we can” ASX LU7
Slide 15: James Bay Lithium Hot Spot
James Bay Lithium Hot Spot Pegmatite Outcrops Hydro Power For personal use only Apollo Project, Airport Quebec Patriot Battery Metals Winsome Resources Corvette Cancet Winsome Resources Adina Apollo is larger in area than Corvette Apollo Project by 26 sq km 28 Kms
Slide 16: Same Greenstone Belt
Same Greenstone Belt Qualified Person Report – Dr Julie Selway (leading LCT Pegmatite Expert) For personal use only Patriot Battery Metals Winsome Resources Corvette Cancet Winsome Resources Adina Apollo Project 28 Kms
Slide 17: Major Discoveries by Neighbours
Major Discoveries by Neighbours Pegmatite Outcrops Excellent > 30m and at >1.3% Li2O close surface For personal use only Good > 10m and at >1.1% Li2O close surface Also depends on dip and depth HIGH GRADE, THICK MINERALISATION, CLOSE TO SURFACE Winsome Resources Cancet Patriot Battery Metals Corvett
Slide 18: Spodumene in Outcrops
Spodumene in Outcrops Pegmatite Outcrops For personal use only Winsome Resources Cancet Patriot Battery Metals Corvette Coarse Spodumene at Corvette Apollo Project 28 Kms Winsome Resources Adina
Slide 19: Pegmatite Outcrops at Apollo
17 Pegmatite Outcrops at Apollo For personal use only
Slide 20: Resource Announcements James Bay
Resource Announcements James Bay For personal use only ASX LU7
Slide 21: Investment by Majors around Apollo
Investment by Majors around Apollo For personal use only ASX LU7
Slide 22: Coarse Spodumene District
Coarse Spodumene District Pegmatite Outcrops For personal use only Patriot Corvette Coarse Spodumene DMS Testwork Only Winsome Resources Cancet Patriot Battery Metals Coarse Spodumene Corvette Apollo Project Allkem James Bay 28 Kms Winsome Resources Adina Coarse Spodumene DMS Plant Only
Slide 23: Benefits of Coarse Spodumene
Benefits of Coarse Spodumene For personal use only ` ` Spodumene Waste `` ` 8% Li2O 0% Li2O ` SG 3.2 SG 2.9 ` ` ` `` Crushing ` ` ` `` ` Waste `` Ore Sorter ` ` ` ` ` ` ` Dense Media Spodumene ` ` Separation (DMS) 5.5% Li2O ` ` 0.5 - 6mm ` ` ` ` ` ` ` Grade 1.5% Li2O Mt Cattlin & James Bay are Coars
Slide 24: Disadvantages of Fine Spodumene
Disadvantages of Fine Spodumene For personal use only Spodumene Quartz ` 8% Li2O `` ` 0% Li2O ` SG 3.2 `` ` ` SG 2.6 ` ` ` Crushing ` ` ` Waste Ore Sorter ` Flotation ` ` ` ` Spodumene Ball Milling ` 5.5% Li2O 0.5 mm ` ` ` ` ` ` ` ` Increased Capex, Higher Op Costs Example of Spodumene crystal – For
Slide 25: For personal use only
For personal use only
Slide 26: Lithium Dream Team
Iggy Tan Chairman Ex Galaxy MD For personal use only Lithium Alex Hanly Patrick Scallan CEO NED Energetic Ex GM Talison Lithium Dream Team Alex Hanly CEO Team Dr Jingyuan Liu Gernot Abl NED Executive Director Ex Galaxy GM Technology John Loxton Adviser Ex Hatch Li Carb Plant Terry Stark Adviser Just
Slide 27: Typical Li Mine Development
Typical Li Mine Development For personal use only 8-10 Years to First Product Maiden Scoping PFS DFS Funding Construct 12 mths 12 mths 12 mths 12 mths 12 mths 18 mths Explore Options Select Develop Due Diligence Commission 6 Maiden Res Feasible Estimates Firm Quotes Funding mths Exact Plant Design A
Slide 28: Dream Team Track Record: Mt Cattlin
Dream Team Track Record Mt Cattlin Spodumene Project For personal use only 3 Years to First Product Maiden DFS Construct First Product Jan 2009 Dec 2007 Aug 2009 Oct 2010 DFS Completed 2 mt Resource Construction Starts Plant Complete 12.3 mt Resource • Skip Scoping, PFS • Run things in parallel • Te
Slide 29: Kwinana LiOH Plant
Kwinana LiOH Plant For personal use only 5 Years (61 Months) so far Start of Construction Completion Commercial Construction Delays Production Oct 2016 May 2021 • Tianqi lithium producer • Capital Cost Blowout, A$400m A$770m • FY 23 production 1,884 t (8% of design) ASX LU7
Slide 30: Failed Canadian Li Projects
Failed Canadian Li Projects For personal use only Canada Lithium Nemaska Lithium • DFS completed 2011 • DFS completed 2018 • Started 2014 • Spent CAD 411 m • Spent circa CAD 250m • Failed to start up 2019 • Produced 109 t LC • Bankruptcy 2015 ASX LU7
Slide 31: Dream Team Track Record: Jiangsu Li Carbonate Plant
Dream Team Track Record Jiangsu Li Carbonate Plant For personal use only 2 Years (25 months) to Commercial Production Ground Start of Project Steady Breaking Construction Completion State 6 May 2012 21 Feb 2010 6 Dec 2011 (6 mths 1 May 2010 (19 mths) Commissioning) • Capital Cost – US$120 m • At des
Slide 32: Canada Forcing Critical Minerals Strategy
Canada Forcing Critical Minerals Strategy For personal use only • Ordered Sinomine to divest from Power Metals Corp • Relinquish spodumene off-take contract • Citing “multi-step security review” - Investment Canada Act • Established automotive industry EVs • Canada appears to be forcing a downstre
Slide 33: Solving Challenges for Canada
Solving Challenges for Canada For personal use only No Production from Govt Downstream Canada Requirement Quebec Lithium Processing Hub (QLPH) Lack of Processing Exp Li Explorers ASX LU7
Slide 34: Quebec Lithium Processing Hub
Partner Mine Partner Mine For personal use only ROM ROM Quebec Lithium QLPH Concentrator Spod Conc Processing Hub (QLPH) 1Mtpa QLPH Lithium Carbonate 140,000tpa Plant Concept External Concentrate Mine to Battery Grade Lithium Battery Grade Carbonate Strategy Lithium Carbonate 16,000 tpa Canadian US
Slide 35: Spodumene Concentrator Concept
Partner Mine Spodumene Concentrator Concept Partner Mine For personal use only ROM ROM • Conceptually 5 Year ROM off-take JV deal – local juniors • Matches skill sets – exploration vs downstream experience QLPH Spod Conc Concentrator • QLPH multi-purpose concentrator – Trans Taiga Hwy 1Mtpa 140,000t
Slide 36: JV to build Concentrators
Partner Mine JV to build Concentrators Partner Mines For personal use only JV Concentrator ROM • After 5 years JV builds a concentrator on their project • Helps juniors become a concentrate producer Spod Conc • Replicates QLPH concentrator QLPH Lithium Concentrate Carbonate 140,000tpa • Proven desig
Slide 37: Battery Grade Lithium Refinery
Partner Mine Battery Grade Lithium Refinery Partner Mine For personal use only ROM ROM • Trans- Taiga Hwy - next to the concentrator • 16,000 tpa battery grade lithium carbonate plant QLPH Spod Conc Concentrator • Based on proven Jiangsu design 1Mtpa QLPH Lithium 140,000tpa Carbonate • Battery grade
Slide 38: Three Projects
1 Apollo For personal use only Project 2 QLPH Concentrator Spod Conc Three Projects 1Mtpa 140,000tpa QLPH Lithium Carbonate Plant External 3 Concentrate Battery Grade Lithium Carbonate 16,000 tpa
Slide 39: Exploration Commences at Apollo
1 For personal use only Exploration Commences at Apollo • Immediate commencement of exploration work • Partnered with Laurentia Exploration Inc • High-resolution Airborne Magnetic Survey completed • Micro-Gravity and soil sampling program • Priority targets for future drilling campaigns identified
Slide 40: QLPH Concentrator Prelim Eng Study
QLPH Concentrator Prelim Eng Study For personal use only • Multi-purpose stand-alone concentrator 1Mtpa 2 • Design based on proven Mt Cattlin concentrator • Supervised by Lithium Dream Team • Coarse spodumene type ore • 4 stage crushing to < 6mm • Dense Media Separation (DMS)
Slide 41: Conceptual QLPH Concentrator
Conceptual QLPH Concentrator Open Pit Mining 1.0 Mtpa Ore Sorter Ore Haulage ROM 3 Stage For personal use only Crusher -20mm Crushed Ore Storage Heavy Media 4th Stage Separation >3mm 1o Mica Crusher Screening Removal Ore Sorter Filter -6mm Heavy Media Attritioner Separation +0.85mm Waste Waste Reflu
Slide 42: QLPH Lithium Carbonate Prelim Eng Study
QLPH Lithium Carbonate Prelim Eng Study For personal use only • 16,000 tpa battery grade lithium carbonate 3 • Design based on proven Jiangsu LC Plant • Supervised by Lithium Dream Team • Design will incorporate improvements • Will use renewable hydropower
Slide 43: Conceptual QLPH Li Carb Plant
Conceptual QLPH Li Carb Plant Sulphuric Acid For personal use only Cooler Calciner Cooler Sulphating Hydrated Alpha Kiln Hydrated Beta Lime Spodumene Spodumene Lime Spodumene Ball Milling Water Filter Process Liquor Leaching Polishing Wash Tank Filter Mg Ca Water Alumina Precipitation Precipitation
Slide 44: Why Li Carbonate not Li Hydroxide?
Why Li Carbonate not Li Hydroxide? For personal use only • We have a proven track record in Li Carbonate • 47% Li Carbonate used around the world • Li Carbonate feed for LFP lithium batteries • LFP battery growth due to safety and costs • Tesla moving to LFP batteries
Slide 45: Apollo Lithium Project, Dream Team, QLPH Concept
For personal use only Apollo Lithium Project Between two major discoveries, large potential Lithium Dream Team Proven Lithium Track Record Quebec Lithium Processing Hub Concept Vertically integrated mine to battery grade lithium strategy ASX LU7
Slide 46: Join us on our Mission to the Universe
For personal use only Join us on our Mission to the Universe Building a Lithium Future ASX LU7
Slide 47: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS The Company wishes to remind investors that the presence of pegmatite does not necessarily equate to spodumene mineralization. Also that the presence of pegmatite and spodumene mineralization on nearby tenements does not necessarily equate to the occurrence on Lithium Univ
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