Slide 1: Securing America's New Energy Future
Securing America’s New Energy Future For personal use only ASX Code JLL Investor Presentation QTCQX JNDAF PDAC 2025 jindaleelithium.com
Slide 2: Warning Statement
Warning Statement This Presentation has been prepared by Jindalee Lithium Limited (“Jindalee,” This presentation contains certain forward-looking statements, including forecast exploration programs and budgets based upon the results of exploration, future prices “Company” or “JLL”) and is authorized
Slide 3: Pure play US lithium company focused on giant McDermitt Project Oregon
Pure play US lithium company focused on giant McDermitt Project Oregon Key investment highlights: View in Vrify Globally Significant Lithium Resource in the US One of the largest lithium resources in the US @ 21.5Mt LCE[2), positioned as a strategic asset in meeting America’s critical mineral For pe
Slide 4: Company overview: Corporate snapshot
Company overview Corporate snapshotC Share price (ASX:JLL, OTCQX:JNDAF) Share Capital (ASX:JLL, OTCQX:JNDAF) 73.6m A$/share Share Price A$0.20 1.20 Options from (40c to $5.00) 25.8m Market Capitalisation A$14.4m For personal use only 1.00 CashD A$1.8m Investments A$3.8m Convertible Note A$2.8m 0.80
Slide 5: Jindalee trades at an attractive valuation relative to peers
McDermitt is one of only four sedimentary lithium projects in the Jindalee trades at an attractive US with Reserves (2.34Mt LCE1) but is trading at a fraction of its peers, offering unmatched leverage to the upside. valuation relative to peers Market Cap (US$)E / Contained LCEF in ResourcesH (t) 78.
Slide 6: Board and management team with proven success in creating value for shareholders
Board and management team with proven success in creating value for shareholders Wayne Zekulich Lindsay Dudfield Paul Brown Non-Executive Chair Executive Director Non-Executive Director For personal use only Mr Wayne Zekulich was appointed to the Mr Lindsay Dudfield is a geologist with Mr Paul Brown
Slide 7: Empowering American manufacturing and energy security
Empowering American McDermitt is one of the largest lithium deposits in the US and of global significance. McDermitt is ideally situated to plug in to the growing US battery manufacturing industry. manufacturing and energy security(1) $3.23B(K) 17.9% $3.02B $8,080/t LCE(K,O) For personal use only Po
Slide 8: Stable mining profile with early access to ore
Stable mining profile with early access to ore(1) ● Mining will be by conventional truck and shovel methods, with free-digging ore (no blasting) For personal use only ● Ore at surface limits pre-production mining / stripping expense ● Mining stable at circa 20Mt p.a. and a life of mine strip ratio o
Slide 9: Processing route validated through testwork
Processing route validated through testwork(1) Our processing flowsheet consists of standard technology used throughout industry and has been validated through testwork supervised by Fluor Corporation. McDermitt will be a fully integrated operation producing battery- For personal use only grade Lith
Slide 10: Lithium supply crunch ahead
Lithium supply crunch ahead Higher lithium prices required to meet future demand: Between 2019-2023, prices averaged ~$30/kg with ~515kt LCE supply added. Today, spot prices are below $12/kg, yet demand forecasts project ~1,000kt of additional supply required by 2028. ● Recent high prices (2022-23)
Slide 11: Market momentum for lithium continues with JVs and strategic partnerships
Market momentum for lithium continues with JVs and credible, strategic partnerships Development Funding Increasing market activity by large players Lithium Americas, Thacker ioneer, Rhyolite Ridge Pass Project, partners with Project, partners with Rio Tinto to acquire Arcadium at 90% Premium General
Slide 12: Major milestones and catalysts for the year ahead
For personal use only Major milestones and catalysts for the year ahead Q1 2025 Q2 2025 Q3 2025 2025 Further work in 2025 to be considered in parallel with partnership process: Appoint strategic advisors to assist with Large infill exploration drilling program partnership process Commence partnershi
Slide 13: Thank you
For personal use only Thank you Further information Ian Rodger enquiry@jindaleelithium.com jindaleelithium.com Chief Executive Officer +61 8 9321 7550
Slide 14: Vrify 3D Presentation
Vrify 3D Presentation View in Vrify For personal use only 14 PDAC 2025 Presentation Vrify 3D Presentation
Slide 15: McDermitt: A highly competitive source of lithium chemicals for the US Market
McDermitt: A highly competitive source of lithium chemicals for the US Market For personal use only ● McDermitt to be in the bottom half of the global cost curve on LCE basis North American Brines ● Aligned to US energy security goals, McDermitt is expected to provide a large, long life domestic sou
Slide 16: McDermitt comparison with Thacker Pass
McDermitt comparison with Thacker Pass Owners Joint Venture (62%/38%) Category McDermitt PFS (November 2024)IV,V Thacker Pass (Updated Project Plan January 2025)I,II,III EBITDA Margin 64% 65% US$8,673/t Operating Cash Cost US$8,039/t (Defined as C1 cash costs) Financial NPV8% (post tax) US$3,229m US
Slide 17: Partnerships will continue to move Jindalee along the path to production
Partnerships will continue to move Jindalee along the path to production Jindalee’s PFS, led by Fluor Corporation and supported by Cube Consulting, gives the Company confidence the Project is worth For personal use only pursuing further, as a huge resource with massive upside for investors and partn
Slide 18: Key PFS metrics demonstrate encouraging economic outcomes
Key PFS metrics Dimensions Unit First 10 full years Next 30 years Economic evaluation period demonstrate encouraging Pre-tax Post-tax Pre-tax Post-tax Pre-tax Post-tax economic outcomes(1) Lithium carbonate $/t 24,000 price Short-term and long-term opportunities for stakeholders Lithium carbonate pr
Slide 19: Opportunities to further optimize with untapped optionality
Opportunities to further optimize with untapped optionality While the PFS is robust, Jindalee has its eye on key levers that can further de-risk the Project through improvements to design, For personal use only cost and sustainability, for example: ● Process optimization ● Exploration and infill dri
Slide 20: Appendix - McDermitt Reserve and Resource tables
Appendix 1 - McDermitt Reserve and Resource tables McDermitt Mineral Resource Estimate (2023)2 Indicated Resource Inferred Resource Indicated and Inferred Resource For personal use only Cut-off Grade (ppm Li) Tonnage (Mt) Li Grade (ppm) LCE (Mt) Tonnage (Mt) Li Grade (ppm) LCE (Mt) Tonnage (Mt) Li G
Slide 21: Appendix - Peer comparison data: North American lithium deposits
Appendix 2 - Peer comparison data: North American lithium deposits Deposit Owner Stage Resource Category Resource (Mt) Grade (ppm Li and % LiO2) Cut-Off (ppm Li and % LiO2) Contained LCE (Mt) Source Measured 561 2680 ppm 8 Indicated 3225 2150 ppm 36.5 Company Website – TSX: LAC (62%) Thacker Pass Co
Slide 22: Appendix - Peer comparison data (continued)
Appendix 2 - Peer comparison data: North American lithium deposits (continued) Deposit Owner Stage Resource Category Resource (Mt) Grade (ppm Li or mg/L Li) Cut-Off (ppm Li and % LiO2) Contained LCE (Mt) Source Measured 858 990 ppm 4.5 Indicated 349 875 ppm 1.6 Company Website – Clayton Valley TSXV:
Slide 23: Appendix - Peer comparison data: Reserves
Appendix 2 - Peer comparison data: North American lithium deposits - Reserves Deposit Owner Stage Reserve Category Reserve (Mt) Grade (ppm Li) Cut-Off (ppm Li) Contained LCE (Mt) Source Proven 270 3180 ppm 4.5 Company Website – 2025 Thacker Pass TSX: LAC (62%) Construction Probable 787 2320 ppm 858
Slide 24: Appendix 3: Partnership transactions
Appendix 3: Partnership transactions Date Company (Project) Location Stage Metal Strategic Partner Total Funding Funding & Structure Status Ref Corporate equity placement (US$70M) and JV agreement Placement complete, JV binding Sep 2021 ioneer (Rhyolite Ridge) Nevada, US FS Lithium Boron Sibanye - S
Slide 25: Appendix 3: Partnership transactions (continued)
Appendix 3: Partnership transactions (continued) Date Company (Project) Location Stage Metal Strategic Partner Total Funding Funding & Structure Status Ref Initial funding of C$25M to establish 7% interest in JV, with Mitsubishi having the right to increase share to 25% Mar 2024 Frontier Lithium (PA
Slide 26: Appendix 3: Partnership transactions (continued)
Appendix 3: Partnership transactions (continued) Date Company Location Metal Funding Terms US Entity Scope Status Comment Ref (US$M) For personal use only Lithium 20 year tenor, Construction processing Upsized from US$700m Jan 2025 Ioneer Nevada, US and 700 DoE Closed J, K @US T-rates facility condi
Slide 27: Appendix - References
Appendix 3 - References: A) https://rhyolite-ridge.ioneer.com/sibanye-stillwater-to-invest-us490m-in- H) https://wcsecure.weblink.com.au/pdf/GT1/02840488.pdf rhyolite-ridge/ I) https://lithiumamericas.com/news/news-details/2024/Unlocking-Thacker- B) https://www.listcorp.com/asx/inr/ioneer-ltd/news/c
Slide 28: Appendix - Additional Information
Appendix 4 - Additional Information JLL ASX Announcement References 1. 19/11/2024, “McDermitt PFS - Multi-Decade Source of US Lithium Carbonate” 2. 27/02/2023, “Resource at McDermitt increases to 21.5 Mt LCE" 3. 16/09/2024 “Jindalee Secures Strategic Agreement with US Department of Energy” For perso
Slide 29: Appendix - Competent Persons Statements
Appendix 5 - Competent Persons Statements The information in this announcement that relates to the Maiden Ore Reserves for the McDermitt Lithium Project has been extracted from Jindalee’s ASX announcement 19 November 2024 titled “McDermitt PFS - Multi-Decade Source of US Lithium Carbonate.” The info