Lithium Africa Corp. · TSXV:LAF
Lithium Africa — Investor Presentation (October 2024)
28 slides from Lithium Africa's investor presentation, October 2024
Slide 1: Lithium Africa Investor Presentation
LITHIUM AFRICA Searching for Low-Cost, Marquee Hardrock in Africa Investor Presentation Li-africa.com October 2024
Slide 2: Lithium Africa Partnership
Lithium Africa Partnership Africa Ideal Geology & Production History The Li Market Today • Large LCT pegmatite fields analogous to • Volatile commodity price & Long-term West Aus/Canada/Brazil need to grow supply • Opportunity to advance the right kind • Rapid permitting and development times of sup
Slide 3: Targeting High Margin, High Return Assets in a Volatile Sector
Targeting High Margin, High Return Two Paths To Grow assets in a volatile sector 1. Western Clays/DLE High capex & low return Figure 1: Annual Returns By Commodity Processing risk Thacker Pass, Nevada Immature market, volatile pricing creates risk and opportunity (LAC:TSX) Production: 40 Ktpa Capita
Slide 4: Lithium Africa Partnership
Lithium Africa Partnership 50/50 partnership with Ganfeng 19.9% established in 2023 Deep exploration/Africa experience Expertise in chemical processing Overview & Mission +30 Field Geologists Downstream Processing capacity + Access to exploration tech Customer relationships • Jointly acquire, explor
Slide 5: Ganfeng as a Partner
Ganfeng as a Partner Expands offtake Key customers: relationship GF takes ~310kt in 2024 to 2026 One of the largest Signs unique downstream J V producers of lithium allowing Pilbara exposure to chemicals globally further down value chain 5
Slide 6: Expansive Portfolio
Expansive Portfolio MALI 6 Licences Lithium Africa Is Building 358 km2 A Portfolio Of The Highest Quality Lithium Projects on CÔTE D’IVOIRE the Continent 4 Licences 1,254 km2 GUINEA 4 Licences 376 km2 ZIMBABWE • Started assembling ground in Mali, 2019 mid-covid 1Licence • Are now active in most pros
Slide 7: Team
Team Geology Finance/M&A Lithium & Downstream Tyron Breytenbach P.Geo Carl Esprey Roy Zhang CEO Executive Chair Advisor Tyron spent a decade in the mining industry as a geologist (specialized in Carl’s career within the resource sector began Roy has nearly 10 years of experience in resource estimati
Slide 8: Case Study - LAAC Caucharí-Olaroz
Case Study - LAAC Benefits to LAC/LAAC: Aligned capital & downstream expertise to successfully transition to producer 2018 2019 2023 LAC is an unfunded Ganfeng invests US Lithium Production developer $160 M to form JV (>40 ktpa) Pre-2019 2020 Caucharí-Olaroz Ganfeng acquires Ganfeng increased JV to
Slide 9: Capital Structure
Capital Structure Path Forward Shares Outstanding 1.50M Maiden Resource US $1M Current Share Price $28.0 Implied Mkt Cap $42.0M Cash at J V Level >$4.0M Total Equity Capital Raised $16.0M Delineation Drilling US $11M Total Ganfeng J V Contribution $12.0M Zim *$ in USD 19% Exploratory 30% US $7M Foun
Slide 10: Lithium Demand
Lithium Demand Future Mine Capacities & their Outputs (Supply) 1.15mt LEVEL 1 SCENARIO 0.63 mt LEVEL 2 SCENARIO 0.57 mt LEVEL 3 SCENARIO Future Lithium Demand by 2023 Possible by 2025 Possible by 2025-30 Possible after 2030 5.1 2.00 mt 0.22 mt 5.0 Lithium Demand Supply Balance High probability of de
Slide 11: Exploration In Africa
Exploration In Africa 2021 Overview Investment In Lithium Exploration Has Been Minimal – Especially In Africa $17M spent on exploration in Africa Exploration focus has been on pegmatites (ex-tantalum mines) in (7% of global spend) Australia and large lithium salars in South America 10% Globally, the
Slide 12: Africa's Speed Advantage
1.Yaramoko Fortuna Africa’s Speed Advantage 2.Essakane IAMGOLD 3.Bomboré Orezone 4. Yaramoko RoxGold Case Study: Burkina Faso’s Gold Sector 5. Mana Semafo 2007 6. Hounde Endeavour 1 7.Karma Endeavour • 1Mechanized Gold Mine 8. Youga Endeavour 9. Kiaka B2gold • Abundant artisanal activity 3 Loulo-Gou
Slide 13: Africa's Potential
Africa’s Potential ~1.5% ~80% 5-6% of the Global of the of the Africa hosts 3 of 5 Li Supply Global Ta2O5 Global tin largest Hardrock deposits globally Strategy Efficient Explorer Model • Low exploration costs • JV model doubles our dollars Infrastructure • Established Infrastructure in Key Jurisdic
Slide 14: LAR Exploration System
LAR Exploration System Res. 3. Exit at Highest Exploration Value $$$ Def 2. Higher Value & Lower Risk • Divest and Monetize • Higher budget spend to • Royalty or Sale or Carry drill/confirm • Generate news/value Advancing Exploration • LAR is not a miner Drill Testing Mali • Acquire and explore at l
Slide 15: The Assets
The Assets GUINEA COTE D'IVOIRE ZIMBABWE
Slide 16: West Africa Portfolio
West Africa Portfolio MALI CÔTE D’IVOIRE GUINEA • West Africa is host to several new and emerging lithium pegmatite districts • Six projects in Mali located in the established Bougouni Basin, host to the Goulamina and Bougouni deposits • Eight projects located in the emerging districts of Côte d’Ivo
Slide 17: Mali Permits
Mali Permits Strategically Positioned Adjacent To The Largest Discoveries In West Africa • Continuation of all structural corridors controlling LCT pegmatite location • Mapping and sampling have identified outcrops of spodumene bearing pegmatites along structural trends • Contiguous to Leo Lithium’s
Slide 18: Target 1: Torakoura
Significant Neighbour Target 1: Torakoura Goulamina is a Top 4 Global Resource Valued at ~US$1B in May 2024 deal Our Deposit (“Torakoura”) is a potential Goulamina Analog Large resource upgrade • Resource increased 68.7 Mt to 211 Mtl Comparable surface soil anomaly • Deposit open in many regions a
Slide 19: Côte D'Ivoire Permits & Exploration Plan
Côte D’Ivoire Permits & Exploration Plan • Four early-stage projects in an emerging district • Initial 20 rock samples collected from outcrops indicate presence of fractionated granites anomalous in Li and pathfinder elements • Planned programs include mapping and sampling followed by detailed surfi
Slide 20: Adzopé permit
Adzopé permit Completed field mapping and lithology sampling (175 samples) Li anomalies up to 4570 ppm (0.98% Li2O) and strong correlation with K/Rb • Leucogranitic outcrops with muscovite ± biotite Follow-up auger drilling programs (~21,700 m) to delineate targets for follow-up RC/DD drilling ANAG-
Slide 21: Guinea
Guinea Early-stage exploration Inset projects in an emerging district • Four early-stage but very prospective lithium licenses (375 km2) located in the emerging Kissidougou pegmatite district, located in the Archean Kinema-Man domain • Stream sediment geochemistry conducted by the BRGM highlighted m
Slide 22: Morocco
Morocco Africa’s Processing Hub? • Three emerging Li districts in under-explored belts where LAR will be the first to perform reconnaissance and drilling • Completed mineral systems review and targeted 6,000 km2 for acquisition. • Multiple processing facilities are under development in Morocco, the
Slide 23: 2.2 Zimbabwe
2.2 Zimbabwe LAR has consolidated a >12 km Pegmatite trend called “Birthday Gift” June 2024 • Approach vendor of past producing Tantalum prospect. • Begin site visits. July-Aug 2024 • Secure Jin Jin Concessions. • Secure Peaxar Concessions. • Apply for SG concessions. Aug-Sep 2024 • Collect >3,000 s
Slide 24: 2.2 Birthday Gift
2.2 Birthday Gift Location Figure A: Past producing pit Figure C: 2-5% Li2O3 Figure B: 3x Parallel Pegmatites Figure D: Fluorescent Spodumene 24
Slide 25: Summary
Summary • Large landholder in multiple new African pegmatite belts Market Cap in CAD$ M - Peer Comparables • Unique and efficient JV explorer model is a new paradigm 600 for exploration 500 • Established government relationships across Africa 400 • Exceptionally experienced explorers/scientists with
Slide 26: Disclaimer
Disclaimer This presentatio n (“Presentation”), a n d th e info rm atio n c o n t a i n e d herein, is n o t for g en e ral release, distribution or p ubl icatio n into or in a n y other jurisdiction w h e r e a pp licab le laws prohibit or restrict its release, distribution or publication. This P r
Slide 27: Disclaimer
Disclaimer S a s k a t c h e w a n Investors N ov a Scotia Investors U n d er S a s k a t c h e w a n securities legislation, certain p u rch a sers w h o p u rch a s e securities offered b y a n offering m e m o r a n d u m d u r i n g th e period of distribution U n d er N ov a Scotia securities l
Slide 28: Contact
CONTACT Tyron Breytenbach Chief Executive Officer tb@li-africa.com Li-africa.com
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