Slide 1: Realising America's Largest Lithium Resource
For personal use only FEBRUARY 2024 REALISING AMERICA’S LARGEST LITHIUM RESOURCE Ian Rodger Chief Executive Officer 2024 PDAC ASX:JLL PRESENTATION OTCQX:JNDAF Jindaleelithium.com
Slide 2: Disclaimer
Disclaimer This Presentation has been prepared by Jindalee Lithium Limited (“Jindalee”, “Company” or “JLL”) and is authorised for release by its Chief Executive Officer, Mr Ian Rodger. Certain information in this presentation has been derived from third parties and though Jindalee has no reason to b
Slide 3: Key Investment Highlights
Key Investment Highlights Pure play US lithium company focused on progressing the globally significant McDermitt Lithium Project Largest Lithium Resource in the USA (21.5Mt LCE1) For personal use only Li Emerging top tier, generational asset, mirroring the scale and style of Thacker Pass project, cu
Slide 4: Largest Lithium Resource in the USA
Largest Lithium Resource in the USA McDermitt compares favourably to Jindalee trades at an attractive valuation relative to peers Sediment Hosted Peers3 Enterprise Value (US$)1/ Contained LCE2 in Resources (t) 143 For personal use only Resource (Mt) 28 3,500 Bubble size is contained LCE2 Mt 3,000 21
Slide 5: Company Overview: Corporate Snapshot
Company Overview Corporate Snapshot Share Capital (ASX:JRL, OTCQX:JNDAF) 60.5m For personal use only Share Price 1 A$0.925 Unlisted Options (from 40c to $5.00) 1 5.9m Market Capitalisation 1 A$56.0m Cash 2 A$3.3m Investments 3 A$3.3m Debt Nil Enterprise Value A$49.4m Major Shareholders 1. Share pric
Slide 6: Board and Management team with proven success in creating value
Board and Management team with proven success in creating value for shareholders For personal use only d d Wayne Zekulich Lindsay Dudfield Ian Rodger Brett Marsh Darren Wates Paul Brown Non-Executive Chair Executive Director Chief Executive Officer VP Exploration and Non-Executive Director Non-Execu
Slide 7: McDermitt strategically situated amidst the expansion of the US battery supply chain
McDermitt strategically situated amidst the expansion of the US battery supply chain Ownership 100% owned by Jindalee For personal use only Location • Located in Malheur County - on the Oregon-Nevada border, ~35km west of the town of McDermitt • Located in same geological formation (McDermitt Calder
Slide 8: McDermitt Resource contains enough Lithium for >900 million EV's
McDermitt Resource contains enough Lithium for >900 million EV’s1 Potential to significantly contribute to the growth of the domestic US EV supply chain ✓ Large shallow flat lying sedimentary deposit, with potential to target higher grade zones early in mine life to improve returns ✓ Exploration Tar
Slide 9: Flowsheet design has leveraged experience of more advanced peers
Flowsheet design has leveraged experience of more advanced peers As received ore ✓ Similar flowsheet design to Thacker Pass (validated by LAC1 via extensive pilot plant work) For personal use only ✓ Beneficiation results and leach recoveries highly encouraging2 ✓ Final phase of PFS test work underwa
Slide 10: Lithium investment thesis remains robust
Lithium investment thesis Implied Lithium inventory in China’s supply chain2 remains robust (tonnes LCE) ▪ Short term softness driven by Chinese de-stocking and mismatch in short-term For personal use only demand/supply in rapidly growing market ▪ Recent lower prices have meant c.200kt LCE of higher
Slide 11: US bi-partisan support to de-risk critical minerals supply chain
US bi-partisan support to de-risk critical minerals supply chain Establishing a secure supply of Lithium is a priority for US given current reliance on China, which produces c.55%1 of global lithium chemical supply and c.75%2 of lithium-ion batteries For personal use only World’s largest clay and ha
Slide 12: Wide range of incentives potentially available to McDermitt
Wide range of incentives potentially available to McDermitt For personal use only Inflation Reduction Act ▪ On 16 August 2022 the Inflation Reduction Act (confirming $369B in funding to reduce carbon emissions by 40% by 2030) became law¹ ▪ From 2023 40% of EV’s battery materials must be sourced from
Slide 13: Advisors appointed to target near-term grant funding
Advisors appointed to target near-term grant funding Recent examples of grant and loan funding For personal use only Grants (Pre-Development Phase) ✓ February 2024 – Perpetua Resources awarded an additional US$34.6M5 grant (total US$59.4M) from DoD (under Defense Production Act Title III authorisati
Slide 14: Pivotal year ahead for Jindalee
Pivotal year ahead for Jindalee De-risking is ongoing, with several major value catalysts expected in 2024 For personal use only STRENGTHEN TECHNICAL PREPARATION FOR TEAM DE-RISKING NEXT PHASE New Chair1 and CEO2 Mineral Beneficiation Baseline studies test-work Key appointments to Finalisation of su
Slide 15: Thank you
For personal use only Thank you Further information: Visit us at booth 2606 in the Investors Exchange IAN RODGER Chief Executive Officer email: enquiry@jindalee.net phone: +61 8 9321 7550 15
Slide 16: Supporting Slides
For personal use only Supporting Slides
Slide 17: Appendix 1: Peer Comparison Data
Appendix 1: Peer Comparison Data Comparable North American Sediment Hosted Lithium Deposits Resource Grade Cut-off Contained Deposit Owner Stage Resource Category Source For personal use only (Mt) (ppm Li) (ppm Li) LCE (Mt) Company website – Thacker Measured, Indicated & TSX:LAC FS Complete 1,754 20
Slide 18: Jindalee Track Record of Value Creation
Jindalee Track Record of Value Creation Jindalee's mission is to create wealth for shareholders through the discovery of world-class mineral deposits For personal use only 2002 2004 2005 2007 Jindalee lists Jindalee acquires uranium Uranium projects spun-out as Jindalee sells gold projects into July
Slide 19: Additional information
Additional information For personal use only Competent Person Statement References The Exploration Results and Mineral Resource estimates referred to in this presentation • 30/01/2024, “Quarterly Cashflow & Activity Reports – December 2023” were first reported in accordance with ASX Listing Rules 5.