Lomiko Metals — Investor Presentation (July 2024)
38 slides from Lomiko Metals's investor presentation, July 2024
Slide 1: A responsible developer of choice in Quebec, Canada
A responsible developer of choice in Quebec, Canada A partner of excellence in North America for a shared climate success story TSXV: LMR OTC: LMRMD July 2024 Frankfurt: DH8C
Slide 2: Disclaimer
DISCLAIMER This presentation is not a prospectus, offering memorandum or an advertisement and is being provided for information purposes only and does not constitute or form part of, and should not be construed as, an offer or invitation to sell or any solicitation of any offer to purchase or subscr
Slide 3: Land Acknowledgement
Land Acknowledgement The land/projects where we operate are located within the traditional land of the Algonquin Anishnaabeg and Cree Eeyou Istchee Peoples. Our vision is to embrace Indigenous people and Indigenous values within our projects to develop a sustainable approach on our path to critical
Slide 4: Sustainability creates a positive impact and shareholder value
Sustainability creates a positive impact and shareholder value ❖ Full integration in the battery value chain in Québec and North America Lomiko - the first three links in the battery value chain in Quebec ❖ Responsible operator of choice in Québec & Canadian critical minerals ❖ Quebec has everything
Slide 5: Over CA$16m concurrent Canadian and USA funding announced May 16
Over CA$16m concurrent Canadian and USA funding announced May 16 ✓ These are non-dilutive non-repayable awards ✓ Recipient of a US$8.35m (CA$11.2m) R&D (Research & Development) grant from the United States of America Department of Defense (“DoD”) and CA$4.9m contribution from Natural Resources Canad
Slide 6: Summary of CMRDD program administered by Natural Resources Canada
Summary of CMRDD program administered by Natural Resources Canada ✓ Award: CA$4.9m • The CMRDD program administered by Natural Resources Canada is to pilot the integrated graphite upgrading process with a 200 mt bulk sample over 3 years for a total contribution agreement of CA$6.6m where Lomiko will
Slide 7: La Loutre Development
La Loutre Development A de-risked path to continued development of this strategic critical mineral asset • The U.S. DoD has provided a grant for 50% of the study costs and NRCan is contributing 75% of the pilot program costs, significantly de-risking the project. Phase Four Construction Phase Three
Slide 8: The China dynamic
The China dynamic China is the world's top graphite producer and exporter and refines more than 90% of the world's graphite • Trade war on critical minerals has been ongoing • China declared its intention to implement export permits for certain graphite products to safeguard national security in Dec
Slide 9: www.lomiko.com
www.lomiko.com TSXV: LMR OTC: LMRMF FRANKFURT: DH8C 9
Slide 10: Lomiko is poised to be the responsible developer of choice in the South of Quebec
Lomiko is poised to be the responsible developer of choice in the South of Quebec La Loutre Graphite Project Source: NI 43-101 Technical Report and Preliminary Economic Assessment (July 2021) 10
Slide 11: Lomiko collaborations
Lomiko collaborations Femina € corem Collective — Innovation en traitement de minerais | nvestissement C RITM Innovation in mineral processing ae Québec SOMUEM ._.. Canada ECOLOGO eer A National Research errehey) UNIVERSITE Council Canada 65 Be LAVAL Conseil national de recherches Canada Internation
Slide 12: La Loutre Graphite Project
La Loutre Graphite Project 12
Slide 13: Lomiko advantage: Ranked as the seventh biggest deposit worldwide by Mining.COM
Lomiko advantage: Ranked as the seventh biggest deposit worldwide by Mining.COM Source: Company filings 13
Slide 14: Achieving 184% Increase in Tonnage Indicated Mineral Resources
Achieving 184% Increase in Tonnage Indicated Mineral Resources La Loutre Resource Estimate (Effective Date: March 31, 2023) Source: InnovExplo March 2023 2023 MRE 2021 MRE Deposit EV Battery TOTAL EV Battery TOTAL Cut-off (%) Cg 1.5 1.5 1.5 1.5 1.5 1.5 Indicated Tonnage (kt) 24,267 40,429 64,696 8,1
Slide 15: La Loutre PEA details dated September 2021
La Loutre PEA details dated September 2021 • Two known deposits currently being explored: EV Carmin Zone and Battery Zone Zone • LOM plant production of 21.8 Mtonnes of mill feed at 6.78% Cg diluted EV Zone • Graphite concentrate production at 1.43 Mtonnes Battery grading 95.0% Cg Zone • 14.7-year m
Slide 16: La Loutre graphite battery testing - summary
La Loutre graphite battery testing - summary ✓ Polaris Study Phase 1 & Phase 2, January & April 2024 Polaris tested electrochemical characteristics of cSPG (coated spherical graphite) by subjecting a half-cell coin and a single- layer pouch full-cell batteries demonstrating that La Loutre cSPG quali
Slide 17: SGS Characterization Study, 2023: 67% fines content in the flotation concentrate
SGS Characterization Study, 2023 67% fines content in the flotation concentrate • La Loutre flake distribution is ~67% fines - suitable for anode market 37% growth year over year! • -100 mesh is used most commonly in SPG (spherical graphite) as a precursor for battery production Size Fraction Analys
Slide 18: Our communities, the key to moving forward together
Our communities, the key to moving forward together Social and community engagement is a process and our role is to convey accurate information, answer questions, be innovative and respectful in all we do and ensure processes are in place to follow all best practices in ESG and Quebec and Canada pra
Slide 19: Lomiko Exploration Potential
Lomiko Exploration Potential 19
Slide 20: Regional exploration in Grenville belt
Regional exploration in Grenville belt Most prospective graphite belt in North America • Completed 1,518-line kilometers of heliborne geophysical surveys completed over the six graphite properties, with 55 targets identified • 264 claims in total on 6 early-stage projects covering 15,639 hectares in
Slide 21: La Loutre EV Zone plan view
La Loutre EV Zone plan view • Completed 53 drill holes in EV Zone for a total Section 1-1 of 9,025 meters • Open on the North and South End Section 2-2 21
Slide 22: Exploration Drilling Summary – La Loutre – press released
Exploration Drilling Summary – La Loutre – press released • Total holes drilled EV Zone – 53 holes drilled – 9,025 meters • Results published with excellent widths and grades encountered, including: • Wide intervals of near-surface, high-grade flake graphite mineralization including 11.64% Cg over 4
Slide 23: La Loutre Battery Zone plan view
La Loutre Battery Zone plan view • Completed 26 holes in Battery South for a total Section 1-1 of 4,076 m • Open on the South End Section 2-2 23
Slide 24: 2022 shoulder sampling results EV & Battery Zone
2022 shoulder sampling results EV & Battery Zone • Additional core sampling increases thickness of graphite zones in 28 holes • Increased thickness of greater than 3.0m were noted for 28 graphite zones • Increases greater than 20.0m were noted for 11 graphite zones ranging from 22.0 to 63.0m • The m
Slide 25: Lomiko Advantage
2 LOMIKO tte’ METALS. Lomiko Advantage
Slide 26: NPV scenario analysis: Positively leveraged to expected graphite price increases
NPV scenario analysis: Positively leveraged to expected graphite price increases • PEA used a graphite concentrate selling price of US $916/t • The current forecast selling price for +94%Cg is US $1,070/t of graphite concentrate (source: Benchmark / Lone Star) • Current public information by graphit
Slide 27: Lomiko advantage: Concentrate Grade and NPV/Capex Multiple
Lomiko advantage: Concentrate Grade and NPV/Capex Multiple • Updating the Lomiko PEA for US $1,500/t Graphite selling price improves on current solid project returns. • The La Loutre project combines high-grade coventrate with compelling economics of a post-tax IRR of 43%, post- tax NPV of $520M, an
Slide 28: The Lomiko Advantage
The Lomiko Advantage Potential for Wealth Creation Diverse & Experienced Team • 15-year life of mine (PEA) and additional claims in region Values driven, energetic and experienced management team • Fully supported by the US government with US$8.35m grant and Canada contribution Strong Partnership Fo
Slide 29: For more information
For more information info@lomiko.com Follow us @lomikometals on socials l l l f l
Slide 30: Diverse leadership & Experienced team and board
Diverse leadership & Experienced team and board MANAGEMENT TEAM BOARD OF DIRECTORS Belinda Labatte, CEO, CFA, MBA, ICD.D Sagiv Shiv, Lead Independent Director and Chair of Audit Committee 1,3 20 years experience in capital markets, mining, extractives. Fluent in French. Head of M&A at ACP Capital Ma
Slide 31: PEA: The La Loutre project delivers 97.4kt/year over a 15-year mine life
PEA: The La Loutre project delivers 97.4kt/year over a 15-year mine life – PEA only, expansion possible Lomiko – La Loutre Operating Graphite Mines Source: Company filings 31
Slide 32: La Loutre graphite development milestones
La Loutre graphite development milestones • Permitting and capital dependent – 100,000tpa flake concentrate PFS / Includes anode transformation plant at PEA Graphite Pilot Lab Testing Feasibility Study Baseline studies EIS/ BAPE/ Permitting Construction Production 2024 32
Slide 33: La Loutre graphite battery studies - Summary
La Loutre graphite battery studies - Summary ✓ Polaris Study Phase 1 & Phase 2, January & April 2024 Polaris tested electrochemical characteristics of cSPG (coated spherical graphite) by subjecting a half- cell coin and a single-layer pouch full-cell batteries demonstrating that La Loutre cSPG quali
Slide 34: La Loutre metallurgical program 99.99% purified graphite content
La Loutre metallurgical program 99.99% purified graphite content ✓ Completed PFS level met testing and optimized flow sheet ✓ Completed value-added testing with ProGraphite – micronization, spheroidization, and purification: ✓ Proved that La Loutre material is suitable for battery applications - Sph
Slide 35: La Loutre single layer pouch full-cell battery testing met and surpassed commercial graphite results
La Loutre single layer pouch full-cell battery testing met and surpassed commercial graphite results ✓ Demonstrated that La Loutre material is suitable for battery applications – single layer pouch full cell battery testing completed with Polaris Battery Labs, LLC, USA, ✓ The single-layer pouch cell
Slide 36: La Loutre: PEA Layout – great base to build on
La Loutre: PEA Layout – great base to build on Mine layout and costs – PEA • Waste rock and tailings co-disposed • Efficient site water management with WASTE ROCK & no wet tailings EV ZONE CODISPOSAL PILE • Pits sequenced to maximize the returns starting from North – EV Pits to South – Battery Pits
Slide 37: Lithium exploration on massive claim package on Nemaska lithium corridor
Lithium exploration on massive claim package on Nemaska lithium corridor Bourier Property 37
Slide 38: Lithium exploration on massive claim package on Nemaska lithium corridor
Lithium exploration on massive claim package on Nemaska lithium corridor Bourier • 49% ownership achieved • 203 claims for a total ground position of 10,252 hectares (102 km2) that boasts other lithium deposits and known lithium mineralization • Bourier consists of volcano-sedimentary units, sequenc