Slide 1: Australia's Next Lithium Producer – Finniss Lithium Project Site Visit
For personal use only Australia’s Next Lithium Producer FINNISS LITHIUM PROJECT SITE VISIT 22/23 June 2021 Darwin, Northern Territory
Slide 2: Important and cautionary notes
Important and cautionary notes For personal use only This document has been prepared by Core Lithium Ltd (“Core”, “Company”) and provided as a basic overview of the Cautionary Statement: tenements held or controlled by the Company. This presentation does not purport to be all-inclusive or to contain
Slide 3: Important and cautionary notes
Important and cautionary notes For personal use only Competent Person Statements: uncertainties and other factors that may cause the Company’s actual results, level of activity, performance or achievements The Mineral Resources and Ore Reserves underpinning the Production Target have been prepared b
Slide 4: Welcome to Darwin – capital of the Northern Territory
4 For personal use only Welcome to Darwin – capital of the Northern Territory
Slide 5: Australia's next lithium producer
Australia’s next lithium producer For personal use only At the front of the line of new global lithium production ✓ Australia's most advanced new Lithium Project, only 25km from port ✓ Construction-ready with Government approvals in place ✓ Stage 1 FID Q3 2021, Construction start Q4 2021, Production
Slide 6: CXO is Australia's most advanced lithium developer
CXO is Australia’s most advanced lithium developer For personal use only Core’s Finniss Project is low-risk, capital efficient, near construction-ready and offers substantial value upside Stage 1 Project Finniss Metric (Core Lithium ASX:CXO) Approved Yes DFS Yes Binding offtake4 Yes Reserves Yes Min
Slide 7: Finniss Lithium Project - key advantages
Finniss Lithium Project - key advantages For personal use only Core is developing one of Australia’s most capital-efficient and cost-competitive lithium projects • Location adjacent to world class infrastructure • High-grade lithium resources 25km from Australia’s closest port2 to Asia and nearby Da
Slide 8: Spodumene Pegmatite
For personal use only Spodumene Pegmatite Core
Slide 9: Dense Media Separation (DMS) - no flotation circuit required
Dense Media Separation (DMS) - no flotation circuit required For personal use only DMS avoids problems of other new Australian lithium flotation projects burdened by high capex, large debt and high finance costs and high operating costs (refer appendix) ✓ Simple DMS (gravity) separation produces hig
Slide 10: Battery-grade lithium hydroxide produced from Finniss concentrate
Battery-grade lithium hydroxide produced from Finniss concentrate For personal use only Scoping level test work on Finniss Project spodumene mineral concentrate sample has produced ‘battery grade’ lithium hydroxide monohydrate (LH) • Core’s LH satisfied all impurity specifications of the commonly re
Slide 11: CXO now well-funded, recent acquisition deal to increase LOM and production capacity
CXO now well-funded, recent acquisition deal to increase LOM and production capacity For personal use only CXO 2018-2020 – Capital restrained – but still 150% increase to the Measured/Indicated Resource and Reserves CXO 2021/22 – Well Funded and recent acquisition deal to accelerate LOM growth and c
Slide 12: New Lithium Exploration Targets (ET)
For personal use only New Lithium Exploration Targets (ET) Drilling 12
Slide 13: New 10Mt-16Mt ET adds to 15Mt Resource
New 10Mt-16Mt ET adds to 15Mt Resource For personal use only Clear pathway for Core to more than double resources and LOM The ET is supported by historical drilling, Organic and Strategic Resources Growth trenching and 30.0 exploration results. The potential quantity and grade Resources Reserves of
Slide 14: Mine Design and Construction
For personal use only Mine Design and Construction 14
Slide 15: Grants Mine Design
Grants Mine Design For personal use only Grants - Open Pit Grants Decline Internal RAR First Ore Carlton Decline Sump and Drain 15
Slide 16: BP33 Mine Design
BP33 Mine Design For personal use only BP33 Box Cut Sump and Stability Drain RAR to First Ore Pillars Surface Decline (Gradient 1:7) Stability Pillars Internal RAR Inferred Production Inferred Stopes Development 16
Slide 17: Carlton and Grants Mine Design
Carlton and Grants Mine Design For personal use only Stability RAR to Grants - Open Pit Pillars Surface First Ore Carlton Decline Sump and Drain Internal RAR Inferred Inferred Development Production Stopes 17
Slide 18: Grants and Hang Gong (Preliminary) Mine Design
Grants and Hang Gong (Preliminary) Mine Design For personal use only Grants Pit Hang Gong Pit Carlton Underground 18
Slide 19: Finniss Lithium Project - Best Location and Infrastructure
Finniss Lithium Project - Best Location and Infrastructure Flagship Lithium Project Distance to Ports For personal use only Core 88km Potential LiOH Plant Kidman 645km Liontown 700km Alita 350km Galaxy 190km Pilbara 120km Darwin CBD Approved Project N Developer Altura 123km Aerial view of Darwin, th
Slide 20: Process Water Dam
Process Water Dam For personal use only Utilise Existing Process Water Dam +400 Megalitre Water Storage Facility Observation Hill Dam Built by Greenbushes in 1980’s for processing tin and tantalum Core has access to existing high quality process water infrastructure 20
Slide 21: Grid Power
Grid Power For personal use only Core to connect to grid power Emission and Power Cost Savings Less than 10km from Grid Power Enables Core to access to NT Renewable Energy and Gas Generated Power 21
Slide 22: Darwin Port
Darwin Port For personal use only Operating agreement secured Core has agreement with Darwin Port to ship 250,000tpa of spodumene concentrate Darwin Port is Australia’s nearest port to China East Arm Wharf facilities at Darwin Port are well suited to handle potential future production from Core’s li
Slide 23: Project Timeline
For personal use only Project Timeline 23
Slide 24: Thank you
For personal use only Thank you For more information: Core Lithium Level 1, 366 King William Street, Adelaide Stephen Biggins: +618 8317 1700 Authorised for release by the Board of Core Lithium Ltd Release date 22 June 2021