Lake Resources N.l. · ASX:LKE
Lake Resources N.l — Investor Presentation (January 2020)
24 slides from Lake Resources N.l's investor presentation, Jan 20, 2020
Slide 1: High Purity Lithium Products: Scalable and Sustainable
For personal use only High Purity Lithium Products Scalable and Sustainable Steve Promnitz - Managing Director 20 Jan 2020
Slide 2: Disclaimer
Disclaimer For personal use only General Statement and Cautionary Statement This presentation has been prepared by Lake Resources N.L (Lake) for information purposes and meetings with sophisticated and professional investors, institutional investors and brokers and not any particular party. The info
Slide 3: Lake - At the heart of the Lithium Triangle
Lake - At the heart of the Lithium Triangle. For personal use only • Right product, Right time - large scalable, sustainable project • High purity production confirmed - 99.9% purity battery grade lithium carbonate, very low impurities (boron), from pilot plant • Disruptive Lilac direct extraction t
Slide 4: Location
Location. For personal use only ATACAMA The Lithium Triangle Tianqui/SQM Albemarle produces 40% of world’s lithium at the lowest cost. LKE Projects located near Lake’s Advancing Projects lithium heavyweights Our projects Cauchari - China’sare side-paid Ganfeng US$397 million for 50% (incl. debt). by
Slide 5: Lake – Where are we now
Lake – Where are we now. For personal use only • Proven ability to produce high purity lithium carbonate; Larger samples from March 2020 to potential off-takers • Short list of financiers for US$20-25m (announced Oct ‘19); in discussions with PFS to fund studies and approvals • PFS near completion;
Slide 6: Large scale 70,000 Ha
For personal use only Large scale 70,000 Ha Major brine resource - one of 10 largest globally (defined to date) Battery grade product Low impurities Scalable, modular plant design
Slide 7: Kachi Project
FMC/Livent (80km to Nth) Galaxy POSCO Producing since 1997 (110km to Nth East) (120km to Nth East) Evaporation ponds 4.1 Mt LCE Resource 4.1 Mt LCE Resource 17,000tpa LCE Paid US$280m Lithium Carbonate Lithium Hydroxide For personal use only Kachi Project. 100% Lake owned Lease – 70,000ha Exploratio
Slide 8: Direct extraction
Direct extraction. For personal use only New Technology - the game changer More efficient process that removes evaporation process • Faster • Higher Recoveries • Purer products • Sustainable – Returns brine to aquifer without changing chemistry ASX:LKE SLIDE / 8
Slide 9: Conventional extraction. Evaporation ponds
Conventional extraction. Evaporation ponds For personal use only Almost all lithium brine production uses evaporation – yet faces increasing challenge due to environmental impacts 1- Example: FMC/ Livent – 1 year to 3,200 ppm concentrate To produce Concentrate ASX:LKE SLIDE / 9
Slide 10: Direct extraction. Disruptive Technology
Direct extraction. Disruptive Technology (3 hrs to 60,000ppm vs 1-2 years) Ion exchange For personal use only Saves time and money -Faster to production. Higher recoveries Lilac Solutions (Silicon Valley backed) Lower impurities Sustainable solution – brine reinjected to aquifer To produce Concentra
Slide 11: Direct Extraction positioned at lower end of cost curve
Direct extraction. Direct Extraction Positioned Positioned with a low at lower end of cost curve impurity product For personal use only Source: LKE announcements 9/1/2020, 14/01/2020; 10/12/2018
Slide 12: Cauchari Project
For personal use only Cauchari Project. Adjoining the next big producer Ganfeng / Lithium Americas – (Ganfeng/ Lithium Americas) Largest Resource on Planet Orocobre/ Advantage Lithium – Production 25,000tpa LCE late 2020 Large Resource Lake Resources – Area Drilled SLIDE / 12
Slide 13: Cauchari Project – 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 14: Olaroz Project
For personal use only Olaroz Project. Adjoins Orocobre production. Targets same aquifer under alluvial cover. Drill targets on basin margin after concept proved at Cauchari drilling. 1st time to drill after 4 year wait. 30km long lease holding (similar length to Lithium Americas resource area) SLIDE
Slide 15: Timeline to 2021/22/23 production
For personal use only Timeline to 2021/22/23 production 2020 • Kachi – Production • Kachi – 25,000tpa LCE; 2019 • Kachi direct extraction pilot plant being Capex ~US$400m constructed to be moved to site 2016 – 2018 • Cauchari drilling – • Phased expansion from • Kachi samples to battery makers for 1
Slide 16: Share price chart and market data
LAKE RESOURCES (ASX:LKE) 1 YEAR LAKE RESOURCES (ASX:LKE) For personal use only Share price chart Total Current Shares on Issue 529,532,086 Listed Options (10c) Jun 2021 Expiry 52,512,693 Unlisted Options (4.6c) Oct 2022 Expiry 18,300,000 Unlisted Options (8c) Feb 2022 Expiry 5,555,000 Unlisted Optio
Slide 17: Size of Lithium Brine Resources vs Market Value
Size of Lithium Brine Resources vs Market Value – Argentina brine companies 1.0 10 For personal use only Neighbours’ market 0.9 9 value is up to 10x 0.8 8 that of Lake’s. tonnes LCE Combined Resource Size Million 0.7 7 Market Value A$ Billions 0.6 6 Lowest market value 0.5 5 for resource size 0.4 4
Slide 18: Leadership
Lake has extensive development experience in Leadership. the resources sector and in Argentina. For personal use only Steve Promnitz Stu Crow Nick Lindsay Robert Trzebski MANAGING DIRECTOR CHAIRMAN NON-EXEC NON-EXEC DIRECTOR NON-EXEC DIRECTOR Extensive project management More than 25 years of experi
Slide 19: Lithium demand & supply
2500 Lithium demand & supply Demand to grow. For personal use only 2028: 1400 2000 Demand to increase 5x for ‘000s TONNES OF LITHIUM CARBONATE EQUIVALENT ‘000’s TONNES LCE lithium – focus on high purity 1500 +500% increase vs 2018 • Major electric vehicles (EVs) commitments driving lithium battery m
Slide 20: Lithium Megafactory Growth
Lithium Megafactory Growth – To 103 Megafactories - From 148 GWh (2015) to 2213 GWh For personal use only Major under-investment in new supply to meet demand Creates opportunity for Lake: Battery/Cathode makers need low impurity product that can be increased to meet demand, from sustainable supply s
Slide 21: Mineral Resource Estimate
Mineral Resource Estimate. Kachi Lithium Brine Project - JORC Code 2012 For personal use only Competent Person’s Statement Kachi Lithium Brine Project The information contained in this ASX release relating to Exploration Results has been compiled by Mr Andrew Fulton. Mr Fulton is a Hydrogeologist an
Slide 22: JORC Code 2012. Kachi Table Report
JORC Code 2012. Kachi Table 1 Report Kachi Lithium Project For personal use only SLIDE / 22
Slide 23: JORC Code 2012. Cauchari Table Report
JORC Code 2012. Cauchari Table 1 Report Cauchari Project For personal use only SLIDE / 23
Slide 24: Contacts
Contacts. For personal use only Steve Promnitz Managing Director steve@lakeresources.com.au +61 2 9299 9690 lakeresources.com.au ASX:LKE SLIDE / 24
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