Galan Lithium Limited · ASX:GLN
Galan Lithium — Technology & Low Emission Minerals Conference 2018
18 slides from Galan Lithium's conference presentation, Nov 14, 2018
Slide 1: Targeting production of Lithium Carbonate in the Lithium Triangle of South America
For personal use only Targeting production of Lithium Carbonate in the Lithium Triangle of South America November 2018 ASX:GLN
Slide 2: Disclaimer
For personal use only This presentation has been prepared by Galan Lithium Limited (“Galan”). It contains forecasts and forward looking statements which are no guarantee of future performance and which involve certain risks. Actual results and future outcomes will in all likelihood differ from those
Slide 3: Rights to earn 100% interest in projects within the Lithium Triangle in Argentina
Rights to earn 100% interest in projects located within the world renowned ‘Lithium Triangle’ in Argentina For personal use only Projects situated on the Hombre Muerto salar adjacent to; • Galaxy Resources (mkt cap; A$1.2bn) • Livent Corp. (ex-FMC, NYSE:LTHM, mkt cap; ~US$2.43bn) • POSCO (purchasing
Slide 4: Securities and directors
Securities Galan Shares Galan Options For personal use only 15,755,381* Listed: GLNOA Existing issued securities 95,784,620 3,500,000** 25,000,000*** * Quoted options exc. $0.14, 31 Dec. 2018 Current Cash ~$0.9 million ** Options exercisable $0.15, 29 Nov.2019 *** Options exercisable $0.14, 31 Dec.
Slide 5: Company milestones
For personal use only Begins trading as GLN Positive Geophysical results Positive due Project diligence acquisition Shareholders results announced approve transaction Landholding increased
Slide 6: Lithium brine geology and Lithium Triangle
• The largest reserves of lithium worldwide are found in the “Lithium Triangle” between Argentina, Bolivia For personal use only and Chile • The geology is comparable to petroleum exploration rather than conventional mining as it targets aquifers rather than a static resource • Aquifer porosity play
Slide 7: Project areas and landholdings
For personal use only • Six project areas totalling ~25,000 Ha of landholdings • Potential brine areas conservatively comprise ~7,800 Ha • Rich setting for lithium brine development – ground waters sourcing volcanic rocks, hydrothermal activity, a closed basin, arid climate, faulted environment • Ca
Slide 8: Candelas project: Los Patos channel
• Encompasses the 15km x 3-5km Los Patos channel For personal use only • Extensive exploration potential, adjacent to Line 1 Galaxy’s Sal de Vida project (1.14 Mt LCE Reserve) Line 2 • Very shallow targets below surficial alluvial cover • Sufficient area for evaporation ponds, processing Line 3 infr
Slide 9: Galaxy drilling adjacent to Candelas
SVH 10_8 SVH 11_16 • Galaxy’s closest drilling to Candelas Depth (m) Depth (m) For personal use only • Substantial volumes of brine similar to those thought to exist at Candelas; perfect permeable host • Surface sampling returned results similar to that obtained by Galaxy GLN: ~50-120ppm Li GXY: to
Slide 10: Candelas geology, gravity and CSAMT interpretation
• Candelas channel lies within a structurally controlled graben For personal use only 3700m RL formed into basement Pre-cambrian metamorphic rocks • Extends for the length of the project, over 15km 3500m RL • Channel filled with Tertiary ignimbrites, sourced from the nearby Cerro Galan volcano, and
Slide 11: Resistivity and gravity survey results
RESISTIVITY For personal use only • Controlled Source Audio-frequency Magnetotellurics resistivity survey conducted by Quantec Geoscience Ltd • Survey covered ~15km over 6 profile lines • Profiles interpreted to contain “…very conductive and shallow units that are compatible with units being saturat
Slide 12: Rio Los Patos channel and CSAMT cross-section
For personal use only Galaxy/Posco FMC Lines 1, 2 Line 3 Line 4 CSAMT Line 5 ~700m 1 km Oblique aeriel view looking northwards along the Rio Los Patos channel at Candelas. CSAMT Line 5 cross-section (4.8km displayed from a 5.4km long line) showing very low resistivity values, compatible with geologi
Slide 13: Other Hombre Muerto targets
• Several areas covering margins of the Hombre Muerto For personal use only Catalina salar, includes alluvial fan covered salar targets Rana de Sal Deceo • Recent resistivity surveys completed over 4 new targets at Hombre Muerto salar; • Initial near surface water sampling highly encouraging, severa
Slide 14: Hombre Muerto brine comparison
For personal use only Hombre Muerto Source: Neo Lithium Corp. * excludes by-products
Slide 15: Lithium price and demand
• The lithium price has risen significantly in the past two years with unprecedented prices. Current prices are For personal use only ~US$14,000/ LCE. • Price rise primarily due to the demand for lithium batteries in electric vehicles • Lithium demand is expected to further increase which should pla
Slide 16: Argentina investment climate
• In 2015 Mauricio Macri was elected President and has championed the opening up of the Argentinian economy to international investment For personal use only • The fixed exchange rate between the US$ and Argentinian Peso has been dropped and capital controls are no longer in place • The majority of
Slide 17: Investment highlights
For personal use only World Class location Proven high grade, low impurity setting Large resource potential Simple, proven chemistry at adjacent operations Experienced in-country team Project potential yet to be fully appreciated
Slide 18: Fast tracking its way to lithium carbonate production
For personal use only Fast tracking its way to lithium carbonate production Level 2, 38 Richardson Street, West Perth, WA 6005 Ph. +61 8 9322 6283 Fax. +61 8 9322 6398 PO Box 396, West Perth, WA, 6872 www.galanlithium.com.au ASX:GLN
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