Slide 1: Offtake and Mining - Finniss Lithium Project Company Update
For personal use only Offtake and Mining FINNISS LITHIUM PROJECT Company Update December 2017 ASX code: CXO
Slide 2: Disclaimer
DISCLAIMER For personal use only The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by Stephen Biggins (BSc(Hons)Geol, MBA) as Managing Director of Core Exploration Ltd who is a member of the Australasian Institute of Mining and
Slide 3: Offtake and Mining Approvals
OFFTAKE AND MINING APPROVALS FINNISS LITHIUM PROJECT For personal use only • 1,000,000t Binding Offtake Agreement and $2M placement to Yahua recently completed • US$20 million prepayment facility secured with Yahua (one of China’s largest lithium producers) • Mining Lease Application lodged for deve
Slide 4: Company Information
COMPANY INFORMATION For personal use only Shares Directors Price A$ (30/11/2017) ~$0.09 Stephen Biggins – Managing Director ex SAU, IVR Shares on issue ~496M Greg English – Chairman Market cap ~$45M AXE, LCK Cash (30/11/2017) ~$5M Heath Hellewell – Non-executive Director CMM, DKM, ex DRM EV ~$40M Ma
Slide 5: ASX Lithium Sector Comparative Market Cap
ASX LITHIUM SECTOR COMPARATIVE MARKET CAP For personal use only 500 1719 1553 1321 709 557 400 Market Cap ($millions) 300 200 100 0 PLS GXY ORE AJM KDR AVZ GSC NMT TAW PLL BGS EMH PSC SYA LIT CXO 5 | LITHIUM | December 2017 | Core Exploration Ltd
Slide 6: Binding Lithium Offtake and $20M Pre-Payment
Binding Lithium Offtake and $20M Pre-Payment For personal use only Core signs million tonne Binding Offtake and $20 Million Prepayment Agreement with Yahua • Binding Offtake and Prepayment Agreements signed with $3B Market Cap Yahua • Yahua is one of China’s largest lithium producers • Offtake Agree
Slide 7: PFS to Develop Grants Underway
PFS TO DEVELOP GRANTS UNDERWAY For personal use only DELIVERY Q1 2018 High Grade Resource Mine and Process Design Mining Lease application Regulatory approvals commenced Port Access HOA Infrastructure Offtake Agreement $20 Million Pre-Payment facility 7 | LITHIUM | December 2017 | Co
Slide 8: Lithium Production Milestones
For personal use only LITHIUM PRODUCTION MILESTONES 8 | LITHIUM | December 2017 | Core Exploration Ltd
Slide 9: Finniss and New Bynoe Lithium Projects
FINNISS AND NEW BYNOE LITHIUM PROJECTS For personal use only Development Project with Scale Upside Core’s dominant position in the Bynoe Pegmatite Field expanded by acquisition of Liontown’s adjacent project, includes : • One of Australia's highest grade lithium resources • Over 100 historic pegmati
Slide 10: CXO First Lithium Resource in the NT
CXO FIRST LITHIUM RESOURCE For personal use only IN THE NT Less than 12 months from 2016 discovery to deliver one of the highest grade undeveloped lithium deposits in Australia • Maiden Resource of 1.8Mt at 1.5% Li2O defined at Grants in 2017 • Preliminary Mining Study shows strongly positive outcom
Slide 11: 6% Li2O Concentrate at >80% Recovery
6% Li2O CONCENTRATE AT > 80% RECOVERY IN METALLURGICAL TESTWORK OF DSO SPODUMENE For personal use only • Metallurgy confirms value of DSO Spodumene Ore from Grants • Customers recognise the good metallurgy of Grants Spodumene DSO • A low capex DMS process may produce a high value ~5% Li2O concentrat
Slide 12: Grants DSO Infrastructure
GRANTS DSO INFRASTRUCTURE SUBSTANTIAL INFRASTRUCTURE ADVANTAGES – LOW TRANSPORT COSTS For personal use only • Core’s Finniss Lithium Project has substantial infrastructure advantages • Potentially best logistics chain to China of any Australian lithium project • Darwin Port located in close proximit
Slide 13: Darwin Port Agreement
DARWIN PORT AGREEMENT CORE HAS AGREEMENT WITH DARWIN PORT TO SHIP 1MT/Y OF SPODUMENE For personal use only • Heads of Agreement signed with Darwin Port in respect of potential export of lithium products from Grants • Agreement provides Core with capacity to export up to 1Mtpa of spodumene direct shi
Slide 14: 2017/2018 Lithium Exploration
2017/2018 LITHIUM EXPLORATION For personal use only Drilling underway • Current Exploration and aggressive drill programs into 2018 to target building a resource base to support a long-life lithium production operation • 3 rigs currently drilling : shallow RAB and deeper RC and Diamond Drilling unde
Slide 15: Wide High Grade Lithium Intersections at BP33
Wide High Grade Lithium Intersections at BP33 For personal use only BP33 only 5km from Grants • Recent high-Grade Lithium drill assays received from BP33, including: – 54m @ 1.42% Li2O from 101m in FRC103 – 46m @ 1.51% Li2O from 66m in FRC104 • New High grade lithium intersections represent some of
Slide 16: New Bynoe Lithium Project
NEW BYNOE LITHIUM PROJECT For personal use only Widespread spodumene above 1% Li2O • Previous drilling has confirmed widespread spodumene related lithium mineralisation above 1% Li2O within the new Bynoe Project • Broad zones of ore grade already discovered at other prospects including Sandras prosp
Slide 17: Offtake and Mining Approvals
OFFTAKE AND MINING APPROVALS FINNISS LITHIUM PROJECT For personal use only • 1,000,000t Binding Offtake Agreement and $2M placement to Yahua recently completed • US$20 million prepayment facility secured with Yahua (one of China’s largest lithium producers) • Mining Lease Application lodged for deve
Slide 18: For personal use only
For personal use only The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by Stephen Biggins (BSc(Hons)Geol, MBA) as Managing Director of Core Exploration Ltd who is a member of the Australasian Institute of Mining and Metallurgy