Galan Lithium Limited · ASX:GLN
Galan Lithium — Investor Presentation (August 2018)
19 slides from Galan Lithium's investor presentation, Aug 27, 2018
Slide 1: Targeting production of Lithium Carbonate in the Lithium Triangle of South America
For personal use only Targeting production of Lithium Carbonate in the Lithium Triangle of South America August 2018 ASX:GLN
Slide 2: Disclaimer
For personal use only This presentation has been prepared by Galan Lithium Limited (“Galan”). It contains forecasts and forward looking statements which are no guarantee of future performance and which involve certain risks. Actual results and future outcomes will in all likelihood differ from those
Slide 3: Rights to earn 100% interest in projects within the Lithium Triangle in Argentina
Rights to earn 100% interest in projects located within the world renowned ‘Lithium Triangle’ in Argentina For personal use only Projects situated on the on the Hombre Muerto salar adjacent to; • Galaxy Resources (mkt cap; A$1.2bn) • FMC Lithium Corp. (mkt cap; ~A$15bn) • POSCO (purchasing part of G
Slide 4: Capital structure and directors
Securities Galan Shares Galan Options For personal use only 16,300,000* Listed: GLNOA Existing issued securities 95,240,001 3,500,000** 25,000,000*** * Quoted options exc. $0.14, Dec. 2018 Current Cash ~$1.2 million ** Options exercisable $0.15, Nov.2019 *** Options exercisable $0.14, Dec. 2019 Dire
Slide 5: Company milestones
For personal use only Begins trading as GLN Positive Geophysical results Positive due Project diligence acquisition Shareholders results announced approve transaction Landholding increased
Slide 6: Lithium brine geology and the Lithium Triangle
• The largest reserves of lithium worldwide are found in the “Lithium Triangle” between Argentina, Bolivia For personal use only and Chile • The geology is comparable to petroleum exploration rather than conventional mining as it targets aquifers rather than a static resource • Aquifer porosity play
Slide 7: Hombre Muerto project landholdings
For personal use only POSCO • Six project areas totalling ~25,000 Ha of landholdings • Potential brine areas conservatively comprise ~6,900Ha FMC • Rich setting for lithium brine development – ground waters sourcing Galaxy volcanic rocks, hydrothermal activity, a closed basin, arid climate, faulted
Slide 8: Candelas project
• Encompasses the 15km x 3-5km Los Patos channel LEGEND For personal use only Galaxy GLN Tenure • Extensive exploration potential, adjacent to CSAMT May 2018 Galaxy’s Sal de Vida project Gravity Line May 2018 CSAMT Aug 2018 • Very shallow targets below surficial alluvial cover • Sufficient area for
Slide 9: Candelas: adjacent Galaxy drilling and surveys
SVH 10_8 SVH 11_16 • Galaxy’s closest drilling to Candelas Depth (m) Depth (m) indicates substantial volumes of brine For personal use only hosted by coarse sands and gravels similar to those thought to exist at Candelas; perfect permeable host • Recent surface sampling in the north returned results
Slide 10: CSAMT and gravity geophysical surveys
CSAMT For personal use only • Controlled Source Audio-frequency Magnetotellurics Line 1 survey conducted by Quantec Geoscience Ltd in May Line 2 2018 • Survey covered ~12km over 5 profile lines • Profiles interpreted to contain “…very conductive and Line 3 shallow units that are compatible with unit
Slide 11: Candelas channel geology and interpreted brine thickness
• Candelas channel lies within a structurally controlled graben formed into basement Pre-cambrian metamorphic rocks For personal use only 3700m RL • Extends for the length of the project, over 15km 3500m RL • Channel filled with Tertiary ignimbrites, sourced from the nearby Galan volcano, and more r
Slide 12: Rio Los Patos channel and CSAMT Line 5 section
For personal use only Galaxy/Posco FMC Lines 1, 2 Line 3 Line 4 CSAMT Line 5 ~700m 1 km Oblique aeriel view looking northwards along the Rio Los Patos channel at Candelas. Location of the May 2018 CSAMT lines. CSAMT Line 5 cross-section (4.8km displayed from a 5.4km long line) showing very low resis
Slide 13: Other targets: Catalina, Rana de Sal, Deceo sampling
• Several areas covering margins of the Hombre Muerto For personal use only salar, includes potential alluvial fan covered salar targets Rana de Sal Deceo • Initial near surface water sampling highly encouraging, several samples >1,000 mg/t Li • Follow up CSAMT resistivity survey to commencing Augus
Slide 14: Hombre Muerto brine comparison
For personal use only Hombre Muerto Source: Neo Lithium Corp. * excludes by-products
Slide 15: Lithium price and demand
• The lithium price has risen significantly in the past two years with unprecedented prices exceeding For personal use only ~US$16,400/ LCE for Q2 2018. China spot ~US$13,500/ LCE • Price rise primarily due to the demand for lithium batteries in electric vehicles • Lithium demand is expected to furt
Slide 16: Electric vehicle demand and end-user activity
The Tesla Semi planned for 2019 requires 16 For personal use only times the amount of lithium than that for a 50kWh electric car The number of electric buses will triple within seven years, all of them in China (Bloomberg) Contemporary Amperex Technology Ltd (CATL) is planning sites in the Eur
Slide 17: Argentina investment environment
• In 2015 Mauricio Macri was elected President and For personal use only has championed the opening up of the Argentinian economy to international investment • The fixed exchange rate between the US$ and Argentinian Peso has been dropped and capital controls are no longer in place • The majority of
Slide 18: Investment highlights
For personal use only World Class location Proven high grade, low impurity setting Large resource potential Simple, proven chemistry at adjacent operations Experienced in-country team Project potential yet to be fully appreciated
Slide 19: Fast tracking its way to lithium carbonate production
For personal use only Fast tracking its way to lithium carbonate production Level 2, 38 Richardson Street, West Perth, WA 6005 Ph. +61 8 9322 6283 Fax. +61 8 9322 6398 PO Box 396, West Perth, WA, 6872 www.galanlithium.com.au ASX:GLN