Slide 1: Management's Discussion and Analysis for the Three Months Ended March 31, 2023
SIGMA LITHIUM CORPORATION MANAGEMENT’S DISCUSSION AND ANALYSIS FOR THE THREE MONTHS ENDED MARCH 31, 2023 (Expressed in thousands of Canadian dollars, except per share amounts or unless stated otherwise)
Slide 2: Sigma's Corporate Targets of Creating Value in a Sustainable Way
Figure 2 : Sigma’s Corporate Targets of Creating Value in a Sustainable Way
Slide 3: Major Corporate Targets
Major Corporate Targets ‘Not Zoro Carbon ‘Organic Production Growth Emmissions / Zero Tailings (Phase 2&3) Achiove Phaso 1 ‘Commercial Production Net zero carbon / Potential for production to tailings to be upcycied Expected in 04-2025 (after first production in Ape 2023) 2) Enhanced sustainability
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Slide 5: Truck Loading for Delivery to the Port; Triple Zero Green Lithium Production
Figure 5 : Truck Loading for Delivery to the Port Figure 6 : “Triple Zero” Green Lithium Production
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Slide 7: Commercial Agreements
Commercial Agreements The Company continued to deliver on its strategy of ensuring optimal commercial flexibility while securing premium pricing for its Green Lithium production and delivering on its “zero tailings” strategy through the Yahua Offtake announced on May 26, 2023. Pursuant to the agreem
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Slide 9: Health & Safety; Phase 1 Mining Progress
Health & Safety Health and safety remains one of Sigma’s primary focuses at the construction site, and the Company is proud to report the following achievements as of the date of this MD&A: § Substantial Covid-19 suppression, with no cases reported during the first quarter of 2023 and only 36 cases
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Slide 11: Piaui Bridge; Ore Stockpiling on Run of Mine Pad
Note: Red circles in Figures 9 and 10 highlight exposed ore. Figure 11 : Piaui Bridge Figure 12 : Ore Stockpiling on “Run of Mine” Pad
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Slide 13: Phase 2 & 3 Development Progress
PHASE 2 & 3 DEVELOPMENT PROGRESS During the first quarter of 2023, the Company continued to advance development work for a potential Phase 2 & 3 production expansion, after announcing the results of the Phase 2 & 3 PFS in December 2022. An illustration of the potential production sequencing in the P
Slide 14: Planned Expansion of Phase 2 and 3
Figure 14 : Planned Expansion of Phase 2 and 3
Slide 15: Exploration Progress
Note: Figures 13 and 14 show the currently contemplated location but may be subject to be change following completion of detailed engineering. EXPLORATION PROGRESS The current exploration program focus is targeted to complete an initial Phase 4 mineral resource estimate. Phase 4 is located in close
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Slide 19: Zero Hunger Action; Zero Drought for Small Holder Farmers
Figure 19 : Zero Hunger Action Figure 20 : Zero Drought for Small Holder Farmers
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Slide 21: Environmental Programs Updates
Environmental Programs Updates Sigma’s activities during 2022 and early 2023 pertaining to its environmental programs are summarized below. § Zero Tailings Program: The Company is proud to report that it delivered on its “zero tailings” program in May 2023, as it executed up to a three-year agreemen
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Slide 23: Corporate Governance Updates
Corporate Governance Updates During the first quarter of 2023, Sigma took steps to further strengthen both its Board and management, which are summarized below. § On January 23, 2023, Ana Cabral-Gardner was appointed to remain as CEO and Co-Chairperson of the Board and Felipe Peres as Senior Financi