First Lithium Limited · ASX:FL1
First Lithium — Investor Presentation (November 2023)
26 slides from First Lithium's investor presentation, Nov 27, 2023
Slide 1: Investor Presentation November 2023
For personal use only INVESTOR PRESENTATION NOVEMBER 2023
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by First Lithium Limited (“FL1”). The negligence, default or lack of care of FL1 and/or any of its Agents) for any For personal use only information contained in this presentation is a professional opinion only loss or damage suffered by a Recipient or
Slide 3: About First Lithium
For personal use only LITHIUM ABOUT FIRST 3
Slide 4: Why First Lithium?
WHY FIRST LITHIUM? QUAL IT Y AND POT ENT IAL SIZE OF MANAGEME NT T EAM For personal use only L IT HIUM TARGET Significant in-country experience and specialist Historical exploration work at the priority Blakala advisors with extensive lithium exploration and spodumene pegmatite has demonstrated lith
Slide 5: Corporate Overview
CORPORATE OVERVIEW Corporate Snapshot For personal use only ASX Code FL1 Shares on Issue 99.1m Market capitalisation $64.4m (at $0.65 per share on 24/11/23) Options on issue 42.2m (as outlined in Prospectus) Cash at Bank $6m Outstanding performance shares 15m (as outlined in Prospectus) Top 20 Share
Slide 6: Leadership
LEADERSHIP For personal use only Venkatesh Padala Lee Christensen Andrew Law Jason Ferris M ANAG ING D IRE C T OR NO N-E X E C UT IV E NO N-E X E C UT IV E NO N-E X E C UT IV E AND C E O C HAIRM AN D IRE C T O R D IRE C T O R A qualified engineer with A lawyer and former senior 35 years’ of experien
Slide 7: Our Permit Areas
OUR PERMIT AREAS First Lithium owns 100% of 2 exploration permits in Mali, FIR ST LITH IU M PR O JEC T LO C ATIO N S For personal use only Faraba and Gouna, with a combined area of 17,500ha. ▪ The Gouna permit is comprised of two main blocks, Gouna and Blakala (priority target), which are located ap
Slide 8: Mali Lithium Projects
For personal use only MALI LITHIUM PROJECTS 8
Slide 9: Gouna Permit: Blakala Prospect
GOUNA PERMIT: BLAKALA PROSPECT BLAKALA PROSPECT For personal use only ▪ Multiple pegmatites identified with surface expressions ~500m in length ▪ Earlier trenching confirms historic work that demonstrated spodumene concentrations >30% - with assays from 15 samples showing average Li2O of 1.6% ▪ Aggr
Slide 10: Holes Completed at Blakala – 1,560m+
14 HOLES COMPLETED AT BLAKALA – 1,560M+ For personal use only Core drilling has been carried Based on the core logging data out up to a depth 90-130m. geological sections have been prepared up to BDFS14. 15th Borehole drilling is currently underway BDFS01 – BDFS03 samples after core cutting have bee
Slide 11: Blakala Drill Plan and Borehole Sections
For personal use only BLAKALA DRILL PLAN AND BOREHOLE SECTIONS 11
Slide 12: Faraba Permit: Faraba Prospect
FARABA PERMIT: FARABA PROSPECT FARABA PROSPECT For personal use only ▪ 10 assay samples averaging 1.58% Li2O ▪ Initial drilling undertaken with assays expected in September ▪ Pegmatite zone identified as having minimum strike length of 1.5kms comprising multiple pegmatite bodies with widths up to 7m
Slide 13: Drilling in Faraba Ongoing – 350m+
DRILLING IN FARABA ONGOING – 350M+ For personal use only CORE DRILLING HAS BEEN BASED ON THE CORE LOGGING CARRIED OUT UP TO A DEPTH DATA GEOLOGICAL SECTIONS 100M AND THE PRESENT TWIN HAVE BEEN PREPARED. BOREHOLE DRILLING HAS THE PEGMATITES FROM THE CONFIRMED SPODUMENE FIRST TWO HOLES WERE MINERALISA
Slide 14: Faraba Drill Plan and Borehole Sections
For personal use only FARABA DRILL PLAN AND BOREHOLE SECTIONS 14
Slide 15: Gouna Permit: Gouna Prospect
GOUNA PERMIT: GOUNA PROSPECT GOUNA PROSPECT For personal use only ▪ Multiple pegmatite occurrences with slightly narrower widths than Blakala ▪ Pegmatites ~100m length in surface expression ▪ 1.3% Li2O identified in assays from 3 samples ▪ 3,000m diamond drill progra m planned for 1H 2024 15
Slide 16: Current Status
CURRENT STATUS Total of 18 drill holes completed For personal use only 14 in Blakala Tier 1 pegmatite 4 in Faraba Tier 2 pegmatite 2 Diamond core rigs in place and 2 more to be mobilised before the end of the year Currently drilling @ 50m per day – each rig, 24hrs a day 6,000m of drilling planned at
Slide 17: Onfield Technical Team
ONFIELD TECHNICAL TEAM For personal use only Dr. P.V. Ramesh B abu (Chief Tirumales war Hegde (Chief of K.Y. Casimir has last work ed with Kobus Badenhorst, a Compet ent P ers on who is a Geologist) was awarded a doct orat e on Operations) has more t han 28 years of International Gold Fields (K odal
Slide 18: Our Timeline
OUR TIMELINE Rapid Exploration to Production Program For personal use only 2017/18 2021/22 2023/24 2024/25 RECO NNAI SS AN CE PHASE I PHASE II ECO NO MIC EXPLO RAT IO N EXPLO RAT IO N STUDIES ▪ Preliminary Studies ▪ Mapping (Pitting ▪ Geophysical studies ▪ Metallurgical testwork ▪ Basic Pitting & &
Slide 19: Regional Lithium Companies
REGIONAL LITHIUM COMPANIES Major Lithium Projects in Sikasso Region, Mali G EO LO G IC AL MAP O F LITHIU M For personal use only PRO JECTS IN MALI ▪ 295 sq kms ▪ 500 sq kms ▪ 175 sq kms permit area permit area permit area across 2 Licenses across 5 licenses ▪ Total Resource – ▪ (Exploration in 211 M
Slide 20: Mali Transport Routes
MALI TRANSPORT ROUTES San Pedro Port in Ivory coast – 4 lane highway from Port-Bouët, Abidjan, Côte d'Ivoire – 4 Lane highway For personal use only Kolandieba in Mali (~800 kms) from Kolandeiba in Mali (~900 kms) 20
Slide 21: Global Lithium Pegmatite Projects
GLOBAL LITHIUM PEGMATITE PROJECTS For personal use only Leo Lithium’s Goulamina Mali Deposit is 100km from First Lithium’s permit and is the 5th largest deposit globally. 21
Slide 22: Global Supply and Demand
For personal use only GLOBAL SUPPLY AND DEMAND 22
Slide 23: Lithium Demand Growth
LITHIUM DEMAND GROWTH W O RLDW IDE LITHIU M DEMAND FRO M 2019 TO 2030, BY USE ( IN For personal use only 1, 000 METRIC TO NS O F LITHIU M CARBO NATE EQ UIVALE NT) Electric vehicles* Other Global lithium demand will reach 989,000 tonnes of lithium carbon equivalent in 2023 above the 964,000 tonnes of
Slide 24: Catalysts for Lithium
CATALYSTS FOR LITHIUM Specialist Lithium-Ion battery For personal use only To have 25 new electric models, and 25% of manufacturers, recently began operations in its sales to be plug-in electric vehicles by new factory in Ostrava, Czech Republic 2025 To build Europe’s largest Lithium-Ion battery Pla
Slide 25: Strong ESG Principles
STRONG ESG PRINCIPLES For personal use only Intermin (Subsidiary of First Lithium in Mali) works closely with the local and broader Malian community in ensuring high levels of local participation in the projects. Intermin prioritizes consultation with local communities to ensure a harmonious and mut
Slide 26: Thank You
For personal use only THANK YOU Contact info@firstlithium.com.au FIRSTLITHIUM.COM.AU 26
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