Lake Resources N.l. · ASX:LKE
Lake Resources N.l — Sidoti Micro Cap Virtual Investor Conference (January 2024)
20 slides from Lake Resources N.l's conference presentation, Jan 18, 2024
Slide 1: Investor Presentation Sidoti Micro Cap Virtual Investor Conference
Investor Presentation Sidoti Micro Cap Virtual Investor Conference 18 January 2024
Slide 2: Disclaimer
Disclaimer General Statement and Cautionary Statement This presentation has been prepared by Lake Resources N.L. (Lake) for information purposes and not any particular party. The information in this presentation is based upon public information and internally developed data and reflects prevailing c
Slide 3: Developing a Critical Global Asset in Argentina
Developing a Critical Global Asset in Argentina Kachi – Lake’s Flagship Project § Recently completed Kachi Project Phase One Definitive Feasibility Study 1 (“DFS”) § Located in Catamarca region, within the Lithium Triangle which holds ~56% of the world’s lithium reserves2 § Using ion exchange DLE te
Slide 4: Kachi Phase One DFS Highlights
Kachi Phase One DFS Highlights • Post-tax NPV of $2.3 billion and IRR of 21% Investment Highlights • Annual average EBITDA of $635 million ($ USD) • $1.38 billion of Capex1 • $6.05 / kg LCE of Opex • Total resource estimated at more than 10.6 Mt LCE, a globally significant resource2 • Defined and de
Slide 5: >10.6 million tonnes LCE Mineral Resource
>10.6 million tonnes LCE Mineral Resource Kachi M&I resource Resource expansion from June 2023 update1: estimate increased ■ Measured resource has 250% since June 2023 increased from 2.2 to 3.0 million tonnes LCE 10.6 ■ Indicated resource has 8.1 increased from 0.72 to 4.3 million tonnes LCE 3.3 ■ I
Slide 6: Maiden Ore Reserve Statement
Maiden Ore Reserve Statement Reserve Years Lithium LCE Average Category (Tonnes) (Tonnes) Lithium (mg/l) Proved 1 3,600 18,900 259 Proved 2-7 28,500 151,400 257 Probable 8-25 85,400 454,100 245 Total 1-25 117,400 624,400 ■ Globally Significant Resource: The mine plan produces 806k tonnes LCE (allowi
Slide 7: Phase One DFS Demo Scope – Ready for Deployment
Phase One DFS Demo Scope – Ready for Deployment DLE – Lilac Solutions Ion Exchange • On-site demo plant operated in campaigns from October 2022 to November 2023 o Over 5.2 million litres of Kachi brine successfully processed o During continuous operations >90% uptime o 200,000 litres of lithium chlo
Slide 8: Phase One DFS Demo Scope – Battery Grade by Design
Phase One DFS Demo Scope – Battery Grade by Design Balance of Plant – Saltworks Technologies • 120,000 litres processed in 3 batches in Canada o All batches achieved battery grade lithium purity target (>99.5%) o Up to 99.9% purity achieved o Independent validation of results o Data produced to supp
Slide 9: Scope of the Phase One DFS
Scope of the Phase One DFS Work Completed § Basis of Design § Conservative assumptions (205 mg/L vs. 245 mg/L minimum average) § Heat & Material Balance (HMB) § Confirmed >75% lithium recovery § Process flowsheet § Process plant 3-D model § Wellfield layout and well design § Numerical reservoir mode
Slide 10: Exceptional Financial Results
Exceptional Financial Results Targeted project financial results1 ($USD) ($USD) Units Period DFS Result Phase One DFS Financial Outputs Lithium Carbonate Revenue $M Life of Mine 20,700 Phase One – 25 ktpa LCE Lithium Carbonate Revenue $M Annual Average 827 Production Target2 EBITDA2 $M Life of Mine
Slide 11: Strong Community and Government Engagement
Strong Community and Government Engagement § Looking forward to building relationship with recently elected Federal government. § Continued strong relationship with Catamarca government. § Monthly meetings with local government and community to provide status updates of Kachi Project. § Emphasis on
Slide 12: Next Twelve Months
Next Twelve Months Strategic Partner Process for Kachi Project § Process initiated, led by Goldman Sachs § Commencement of negotiations to secure binding offtake agreements, in tandem with Offtake strategic partnering process § The submission of the Environmental and Social Impact Assessment (“EIA”)
Slide 13: Positioned for Success
Positioned for Success Credible, Achievable and De-risked § Robust and competitive NPV and IRR Compelling Project Economics § Completion of Phase One DFS allows Lake to open a data room and engage with strategic investors, potential offtakers, and debt providers § Ore Reserve constrained by plant ca
Slide 14: Appendix A
Appendix A
Slide 15: JORC resource table note
Note: This table has been directly extracted from the JORC update announced on 22 November 2023. Lake Resources N.L. confirms that it is not aware of any information that materially affects the information included in Lake’s JORC update announced on ASX on 22 November 2023 and all material assumptio
Slide 16: Lithium Price Forecast
Lithium Price Forecast Wood Mackenzie Battery Grade Lithium Carbonate Price ($USD/tonne) Wood Mackenzie Annual Price Forecast for Battery Grade Lithium Carbonate Near Term Average Price Forecast Period Average Price $40,000 $35,000 $31,253 $30,000 $25,000 $20,427 $20,000 $15,000 $10,000 $5,000 $0 20
Slide 17: Kachi Development Timeline
Kachi Development Timeline shiestones jets fimeine 222 nors | nos | orp |r |e ilestones / Activities imeline [ol x [a <> GA Approval D des submissic D> vow > First Lithium carbonate Key Dates and Milestones EIA Submission of Permits and Approval Q1 2024 - a1 2025 FEED Contractor / OBCC EPCM / HVE Q1
Slide 18: Lake Resources Leadership Team
Lake Resources Leadership Team Experienced, well-credentialed and highly motivated management team ready to deliver on Lake’s strategy David Dickson, Managing Director / CEO Our Leadership Team Scott Munro Sean Miller Amalia Saenz Don Miller Karen Greene Mark Anning John Freeman Gentry Brann SVP, Te
Slide 19: Non-GAAP Financial Measures
Non-GAAP Financial Measures Definitions Note: These financial definitions are alternative performance measures that are not defined or specified under IFRS or AASC standards and for which there are no generally accepted reporting formats EBITDA = Earnings before Interest, Taxes, Depreciation and Amo
Slide 20: Investor Presentation Sidoti Micro Cap Virtual Investor Conference
Investor Presentation Sidoti Micro Cap Virtual Investor Conference 18 January 2024
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