Slide 1: 2023 Precious Metals Summit
2023 Precious Metals Summit Beaver Creek, Colorado U.S. Chris Showalter, CEO NYSE: LZM September 12th, 2023
Slide 2: Disclaimer
DISCLAIMER This presentation (this “Presentation”) is provided for informational purposes only and has been prepared to provide interested parties with certain information about Lifezone Metals Limited and its subsidiaries (collectively, “Lifezone”, “Lifezone Metals” or the “Company”) and for no oth
Slide 3: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS Certain statements made in this Presentation are not historical facts but may be considered “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), Section 21E of the Securities Exchange Act of 1934,
Slide 4: Investment Highlights
Investment Highlights A modern metals company enabling a cleaner metals supply chain(1) 1 Compelling Outlook for Nickel Supply/Demand and Responsibly Sourced “Green” Metals 2 One of the World's Largest & Highest-Grade Undeveloped Nickel Sulphide Deposits(2) 3 Leading Strategic Partner BHP Supports E
Slide 5: Kabanga: Among World's Largest High-Grade Nickel Orebodies
Kabanga | Among World’s Largest High-Grade Nickel Orebodies (1) (2) (3) Source: S&P CapitalIQ Pro, as modified per public data on each mining project. 1 – The Kabanga nickel project's resource metrics reflect the measured, indicated and inferred resources referred to in the Historical Mineral Resour
Slide 6: Kabanga | Introduction
Kabanga | Introduction High Quality Mineral Resource • Nickel sulphide attributable Mineral Resource to Lifezone of 25.8 Mt (Measured and Indicated resources) at 2.63% Ni and additional 14.6 Mt (Inferred resources) at 2.57% Ni, each with a recovery percentage of 87.2%(1) • Acquired in 2021; program
Slide 7: Encouraging Drill Results and Open to Extension
Kabanga | Encouraging Drill Results and Open to Extension Projected Long Section showing Post-2021 Drillhole Traces and Historical Ni%>0.5 Assays and Mineralisation Interpretations Only Ni% >0.5 shown for pre-2021 drillholes [0.5-0.7] [1-1.5] [0.75-1] [1.5-2] [2.5+] [2-2.5] Planned DFS Holes to rais
Slide 8: Meaningful Exploration Potential Providing Upside
Meaningful Exploration Potential Providing Upside Over 10 identified exploration targets(1) for 2023-2024(2) Potential Regional Targets Five Prospecting Licenses (and 1 Pending) around the Special Mining License (SML) Identified three priority targets: Panda East, Rulenge West & Luhuma Existin
Slide 9: Hydromet: Meaningful Cost + Environmental Advantages Versus Smelting
Hydromet | Meaningful Cost + Environmental Advantages Versus Smelting Up to nearly 80% and more than 40% reduction in project capex and opex, respectively, possible using Hydromet CAPITAL COSTS (US$M) (1) OPERATING COSTS (US$/4E OZ) (1) (2) EMISSIONS (TON CO2 EQ./TON CONC) (1) Source: Lifezone propr
Slide 10: Hydromet: Right Solution, Right Time
Hydromet | Right Solution, Right Time Global smelting operations contribute up to 7% of greenhouse gas emissions(1); Hydromet could change this Smelting(2) Lifezone Metals Hydromet Technology Highly carbon intensive Long processing time Cleaner Hydromet Technology SO2 emissions High CAPEX Kabanga ni
Slide 11: Kabanga: First Quartile on the Cost Curve
Kabanga | First Quartile on the Cost Curve Nickel industry C1 cash cost curve 2030(1) 1 – Bespoke Nickel Market Outlook for Lifezone, a product of Wood Mackenzie, August 2022. The population is based on Wood Mackenzie's view on which current operations will be in production by 2030 and their base ca
Slide 12: Kabanga: First Quartile on CO2 Curve
Kabanga | First Quartile on CO2 Curve Nickel industry CO2e emissions curve 2030(1) 1 – Bespoke Nickel Market Outlook for Lifezone, a product of Wood Mackenzie, August 2022. The population is based on Wood Mackenzie's view on which current operations will be in production by 2030 and their base case
Slide 13: ESG Snapshot: Intrinsic Benefits of Lifezone Metals Hydromet Technology
ESG Snapshot | Intrinsic Benefits of Lifezone Metals Hydromet Technology Every Lifezone Hydromet refinery and license is an incremental step in reducing the impact of smelting globally Estimated up to 73% less CO2 emissions (1)(2); Refined end-product Zero SO2 emissions (1) translates into reduced f
Slide 14: Tanzania: A New Era for Mining and Investment
Kabanga | Tanzania: A New Era for Mining and Investment Benefitting from a close collaboration between the governments of the United States and Tanzania • Kabanga Framework Agreement is a landmark development for the country • Government of Tanzania has granted five mining Framework Agreements and i
Slide 15: BHP | Strategic Investment
BHP | Strategic Investment Current Ownership Structure Potential Future Ownership(3)(4)(5) 1.9%(1) 1.9%(1) 83.0% 17.0% 39.3% 60.7% 14.3% 51.0% indirect indirect 84.0% 84.0% 16.0% Government of 16.0% Government of Tanzania Tanzania • In December 2021, BHP invested $50 million for 8.9% interest in Kab
Slide 16: Investor Relations
lifezonemetals.com Investor Relations info@lifezonemetals.com LifezoneMetalsIR@icrinc.com lifezone-metals