Galan Lithium Limited · ASX:GLN
Galan Lithium — RIU Fremantle 2024
21 slides from Galan Lithium's conference presentation, Feb 13, 2024
Slide 1: Investor Presentation, RIU Fremantle, February 2024
For personal use only Investor Presentation RIU, FREMANTLE February 2024 ASX:GLN | FSX:9CH galanlithium.com.au 1
Slide 2: Disclaimers & Important Information
Disclaimers & Important Information This presentation has been prepared by Galan Lithium Limited. Competent Persons The information contained herein that relates to exploration results and geology is based on information compiled or reviewed by Dr Luke Milan, who has consulted to the Company. Dr Mil
Slide 3: HMW Exploration: 1st Drill Hole (September 2019)
For personal use only HMW Exploration 1 st Drill Hole (September 2019)
Slide 4: HMW Phase 1 Construction Progress (February 2024)
For personal use only HMW Phase 1 Construction Progress (February 2024)
Slide 5: The Highest Grade, Lowest Impurity Lithium Project in Argentina
The Highest Grade, Lowest Impurity Lithium Project in Argentina For personal use only World-class location & Compelling Phase 2 economics, large resource 7.3Mt LCE with a pathway to expansion @ 852 mg/l Li HMW Phase 1 construction progressing well, offtake and Exploration upside remains open funding
Slide 6: World-Class Location / Low Cost Production
World-Class Location / Low Cost Production HMW Brine production – lower operating cost than the majority of spodumene producers 20+ year history of production within salar For personal use only Significant regional infrastructure and investment with excellent government and community support Highest
Slide 7: Phase 1 HMW Construction Update
Phase 1 HMW Construction Update Full Phase 1 HMW construction permits granted, construction is underway 1 Phase 1 preparation works commenced with For personal use only engineering and long lead items on track for delivering lithium chloride production of 5.4ktpa LCE in H1, 2025 Engineering and long
Slide 8: Glencore Agreement for Offtake & Financing
Glencore Agreement for Offtake & Financing Binding offtake agreement underpins 100% of sales for the first 5 years of production Binding offtake with Glencore for lithium chloride and/or Offtake terms For personal use only lithium carbonate production from HMW Phase 1 Term Description Glencore is on
Slide 9: Corporate Snapshot
Corporate Snapshot Tightly-held share register Market Capitalisation Share Price (9 February 2024) Major Shareholders For personal use only A$119m A$0.305 A$/share Shares on Issue 2.40 2.20 389.3m 2.00 1.80 1.60 Cash/Investments 1.40 1.20 A$19m 1.00 0.80 0.60 Directors & Top 20 Unquoted Securities 0
Slide 10: Lithium Prices have fallen in 2023
Lithium Prices have fallen in 2023* However, Lithium Carbonate prices have fallen less than Spodumene concentrate prices For personal use only Lithium Spot Prices 2023/24 US$/t Nominal, CIF Asia (excl VAT) US$/t Lithium Carbonate US$/t Spodumene Concentrate 60,000 7,000 50,000 6,000 * Wood Mackenzie
Slide 11: Compelling Economics
Compelling Economics Phase 2 DFS Announced 3 October 2023 Flagship 100% owned HMW Project For personal use only 1st quartile on the industry cost curve Cost Analysis - Lithium Carbonate Equivalent Cost Curve Year 2025 16,000 LiCl concentrate production of 21 ktpa LCE Operating s 14,000 #REF! #REF! A
Slide 12: Environment, Social & Governance (ESG)
Environment, Social & Governance (ESG) Galan is one of the few Li companies expected to be first quartile in both Industry GHG Emissions intensity and All in Sustaining Costs (AISC) For personal use only GHG Emissions Intensity (kg CO2e/t LCE) – 2030 * Lithium produced from Brine on average generate
Slide 13: Low Risk – Staged, Flexible Production Plan
Low Risk – Staged, Flexible Production Plan Fast track route to Li production Targeting first-phase HMW Li concentrate production in H1 2025 For personal use only Phase 1 – >5.4ktpa LCE Phase 2 – 21ktpa LCE Phase 3 – 40ktpa LCE Phase 4 – 60ktpa LCE Construction well underway DFS delivered 3 October
Slide 14: Highly Experienced Team
Highly Experienced Team With a proven track record For personal use only Richard Homsany JP Vargas de la Vega Daniel Jimenez Terry Gardiner Claudia Pohl Non-Executive Chairman Founder & Managing Director Non-Executive Director Non-Executive Director Non-Executive Director • Experienced corporate law
Slide 15: Highly Experienced Team
Highly Experienced Team A strong and talented group of professionals with world class knowledge and extensive local experience Juan Carlos Barerra Boris Caro Alvaro Henriquez Francisco Lopez Pablo Sanz For personal use only Project & Board Consultant Project Advisor/Director Group Geology Manager Ex
Slide 16: The Premier Lithium Developer
The Premier Lithium Developer For personal use only Strong local community and Solid local team, including ex SQM The best Lithium project in Argentina government support, evidenced executives and team members (high grade, low impurities) with low by the grant of full Phase 1 that bring experience i
Slide 17: Further project pipeline – Hard Rock Exploration Upside
Further project pipeline – Hard Rock Exploration Upside New drilling campaign planned < 5km from Greenbushes Mine in H1 2024 Greenbushes South Lithium For personal use only Project - 100% ownership • Tenements intersect the Donnybrook-Bridgetown Shear Zone • 1st drilling completed; assay results & i
Slide 18: Contact
Contact ACN 149 349 646 ASX : GLN | FSX : 9CH Juan Pablo (“JP”) Vargas de la Vega For personal use only Managing Director Email: jp@galanlithium.com.au Tel: +61 8 9214 2150 Terry Gardiner Non-Executive Director Email: TGardiner@galanlithium.com.au Tel: + 61 400 900 377 Jane Morgan Investor and Media
Slide 19: Appendix: Mineral Resource & Ore Reserve Estimate
For personal use only A Appendix Mineral Resource & Ore Reserve Estimate
Slide 20: Mineral Resource Estimate
Mineral Resource Estimate Mineral Resource Statement for Candelas1 Mineral Resource Statement for Hombre Muerto West2 In situ Li Avg. Li LCE Avg. K In situ K KCl In situ Li Avg. Li LCE Avg. K In situ K KCl For personal use only Category (kt) (mg/l) (kt) (mg/l) (kt) Equiv. Category (kt) (mg/l) (kt) (
Slide 21: Ore Reserve Statement
Ore Reserve Statement Ore Reserve Statement for Hombre Muerto West (effective date September 2023) For personal use only Production Period Pumped Brine Vol. Ore Reserve Category Well Field Li Metal (kt) Avg. Li grade (mg/L) LCE (kt) (Years) (Mm3) West 1-7 34.9 30.8 884.0 101.2 Proven Santa Barbara -