Lithium Americas Corp. · NYSE:LAC
Lithium Americas — Investor Presentation (March 2020)
22 slides from Lithium Americas's investor presentation, March 2020
Slide 1: Investor Presentation
Lithium INVESTOR PRESENTATION
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT ‘Technical information Scientific and technical information in this presentation about the Cauchari-Olaroz Project and the Thacker Pass Project has been reviewed and approved by Rene LeBlanc, the Company's Chief Technical Officer and a qualified person under Ni 43-101, Further i
Slide 3: Lithium Americas - Overview
LITHIUM AMERICAS - OVERVIEW . a . Vancouver Focused on advancing two lithium projects to a production Thacker Pass Developing the 40,000 tpa Cauchari- ne Olaroz lithium project in Argentina Reno + LAC and Ganfeng Lithium are partnered to build a tants and operate the Cauchari-Olaroz lithium project.
Slide 4: Capital Structure
CAPITAL STRUCTURE Lithium Americas commenced trading on NYSE under the symbol “LAC” in 2018 Share Price (NYSE:LAC) $10.00 we N ua fo) $5.00 $2.50 Share Price ($/sh) $0.00 Jan-18 Jul-18 Jan-19 Jul-19 Jan-20 Symbol TSX / NYSE: LAC Shares Outstanding 90.0 million 52 Week Range $2.75 - $6.03 Largest Sha
Slide 5: The Senior Management Team
THE SENIOR MANAGEMENT TEAM Assembled management team with the leading technical, financial and project execution experience in the lithium industry John Kanellitsas, Executive Vice Chairman Jon Evans, President / CEO 20+ years in management, including head of FMC Corp. Lithium Division 25+ years of
Slide 6: Transaction Overview
TRANSACTION OVERVIEW On February 7, 2020, LAC and Ganfeng announced the Cauchari-Olaroz JV transaction and provided a construction update = Ganfeng to increase interest in Minera Exar to 51% from 50% = Ganfeng to purchase new shares of Minera Exar for approximately $16M (based on same valuation as 2
Slide 7: Ownership Structure in Argentina
OWNERSHIP STRUCTURE IN ARGENTINA MineraExar Minera Exar remains the operator with no change to team, construction plan or LAC’s role in making most key business decisions Off-take Rights? (at market prices) ‘Bangchak 15% (6k tpa) Lithium Americas (4k toa) 40k tpa Ownership Structure LithiumAmericas
Slide 8: Cauchari-Olaroz Lithium Project
CAUCHARI-OLAROZ LITHIUM PROJECT Construction of a 40,000 tpa lithium project in Jujuy, Argentina = 51/49* jointly owned (Ganfeng / LAC) operation in Jujuy, Argentina = Ganfeng has off-take rights for 76% lithium carbonate (up to 40,000 tpa) at market prices = Completed 40,000 tpa DFS in Q3 2019 = Ca
Slide 9: Cauchari-Olaroz - Location & Infrastructure
CAUCHARI-OLAROZ - LOCATION & INFRASTRUCTURE Cauchari-Olaroz is located on a paved highway with access to power, gas and water = Located on an international paved highway in northwestern Argentina 270 km from capital of Jujuy Province (San Salvador de Jujuy) 530 km from port of Antofagasta, Chile Ave
Slide 10: Cauchari-Olaroz 40,000 tpa Feasibility Study
CAUCHARI-OLAROZ 40,000 TPA FEASIBILITY STUDY 40,000 TPA DFS Average production 40,000 tpa battery-grade Li,CO; Project life 40 years 2.0 million tonnes of LCE at 607 mg/L Li Proven & probable reserves (adjusted for 53.7% yield) Construction capital costs $565 million Operating costs $3,576 / t Li,CO
Slide 11: Cauchari-Olaroz - Resources
CAUCHARI-OLAROZ - RESOURCES Cauchari-Olaroz is the largest known NI 43-101 brine resource in development in South America Lithium Brine Resources Inferred =M&l (MMt LCE) | LCE 20.0 ' ' ' ' ' ' i H 15.0 ' ' ; ' ' ' ' i H 10.0 ' ' ' ' 64! : 438 ' ' 5.0 4.0 4] 4] 44 ' ' ' ' 09 10 17 17 H H | 0.0 = = !
Slide 12: Construction Schedule
CONSTRUCTION SCHEDULE Commenced detailed engineering. Expansion of camp. Drilling campaign. Early works construction. Ganfeng $160M project investment to form 50/50 JV. Commence plant construction. Construction Completion!” 2016 2018 2020 2017 2019 2021 LAC and SQM enter a 50/50 JV oo LAC and Ganfen
Slide 13: Thacker Pass Lithium Project
THACKER PASS LITHIUM PROJECT Advancing the Thacker Pass lithium resource in the United States Thacker Pass LithiumNevace = 100% owned by Lithium Nevada Corp, woe wae . Winnemucca = A wholly-owned subsidiary of Lithium Americas = Nearby infrastructure: = Located near the mining town of Winnemucca = W
Slide 14: Permitting Schedule
PERMITTING SCHEDULE In January 2020, Thacker Pass received Notice of Intent (NOI) from the BLM DFS Results Q@3 2020 | Q4 2020 BLM NEPA Process Baseline Studies Completed !) 30-day appeal period Public comment periods Thacker East Exploration Area V] Ss P — ey, le . Filter Stacl Existing 115 kV pone
Slide 15: Process Flowsheet
PROCESS FLOWSHEET Thacker Pass’ flowsheet applies a simple acid leaching process used in the phosphate industry Sulfuric Acid Plant Excess Sulfuric Acid 10 = => pea Air > [By:products To Market] Sulfur => G 1 a Electricity Quicklime & Soda Ash Sulfuric Acid | —> | | => [C[::cc|— aaa Attrition Li Sul
Slide 16: Lithium sulphate solution
▪ ▪ ▪ ▪ ▪ Lithium sulphate solution
Slide 17: Thacker Pass Development Schedule
THACKER PASS DEVELOPMENT SCHEDULE The Company expects to complete a Definitive Feasibility Study (DFS) mid-year 2020 Updated resource estimate Submit Mine Plan of Operations to BLM and commence EIS process. Completed process testing. Completed PFS. Initiated baseline surveys. 2017 Complete DFS. 2021
Slide 18: Appendix
bh Be »<aet e Gi nee APPENDIX Thacker Pass Nevada, USA : A : = = SES LithiumAmericas
Slide 19: Operating Costs
OPERATING COSTS Cauchari-Olaroz operating costs ($3,576/t) for battery-quality lithium carbonate are expected to be at low-end of the cost curve Operating Cost Curve ($/tpa LCE, 2020 estimates) $12,000 $10,000 $8,000 $6,000 | Cauchari-Olaroz 40,000 tpa DFS $4,000 J $2,000 $0 100 Thacker Pass 60,000
Slide 20: The Board of Directors
THE BOARD OF DIRECTORS Lithium Americas is focused on advancing to production and maximizing shareholder value Board with diverse industry experience = Background in mining, finance, legal and construction = Argentine-based directors (Gabriel Rubacha and Franco Mignacco) provide strong local connect
Slide 21: Lithium Resource and Reserve Summary
LITHIUM RESOURCE AND RESERVE SUMMARY Average Li Concentration Brine Volume (m3) (mg/L) Lithium Metal (t) LCE (000 t) (Cauchari-Olaroz (100% basis) Mineral Reserves - May 2019 + Proven Reserves (Years 1-5) 1.6 E+08 616 96,650 514 Probable Reserves (Years 6-40) 9.7 E+08 606 586,270 3,121 Mineral Resou
Slide 22: Contact Information
LithiumAmericas CONTACT INFORMATION ir@lithiumamericas.com 300 - 900 West Hastings Street Vancouver, BC V6C 1E5 Canada Cauchari-Olaroz Jujuy, Argentina
Lithium Americas — Investor Presentation (March 2020) on 6ix