Lake Resources N.l. · ASX:LKE
Lake Resources N.l — Shareholder Meeting (January 2022)
29 slides from Lake Resources N.l's shareholder meeting presentation, Jan 25, 2022
Slide 1: Kachi Lithium & Direct Lithium Extraction
25 January 2022 ASX:LKE | FRA:LK1 | OTC:LLKKF For personal use only Kachi Lithium & Direct Lithium Extraction Steve Promnitz - Managing Director, Lake Resources
Slide 2: Disclaimer
Disclaimer For personal use only General Statement and Cautionary Statement Forward Looking Statements This presentation has been prepared by Lake Resources N.L (Lake) for information purposes and meetings with sophisticated and Certain statements contained in this presentation, including informatio
Slide 3: Lake Resources - Clean Lithium Solution for Cathodes
Lake Resources - Clean Lithium Solution for Cathodes. For personal use only 99.97% • CLEANER LITHIUM – Lake’s 99.97% purity product – high battery quality lithium carbonate= higher battery performance. • CLEANER TECHNOLOGY: Lilac direct lithium extraction – superior to traditional process. Supported
Slide 4: Clearer pathway
Definitive Feasibility Clearer pathway Study (DFS)* Simple production scale-up - Modular For personal use only 50,000tpa LCE Pre Feasibility Study (PFS) Lithium carbonate production Option for lithium hydroxide production Lilac Pilot / 25,500tpa Demo Plant (4 Modules) LCE ~10tpa LCE 1000 hours * Not
Slide 5: Kachi project proposed plant design
Kachi project Proposed plant design For personal use only One building with Ion Exchange Modules Replaces 20-30km2 of Evaporation Ponds ~500m Warehouse, reagents Chlor Alkali Plant Bagging Plant and storage Impurity Removal Direct Extraction (Lilac IX Plant) and water treatment F E A D C G B Lithium
Slide 6: Kachi Project
FMC/Livent (80km to Nth) Orocobre - Galaxy POSCO Producing since 1997 (110km to Nth East) (120km to Nth East) Evaporation ponds 4.1 Mt LCE Resource 4.1 Mt LCE Resource 17,000tpa LCE Paid US$280m Lithium Carbonate Lithium Hydroxide For personal use only Kachi Project. Lease – 74,000ha Exploration Tar
Slide 7: Kachi PFS metrics
Kachi PFS metrics Compelling economics For personal use only Pre-Feasibility Study results Mineral Resource* (Indicated) Annual production Li2CO3 Annual EBITDA Project life Expansion Study Underway 1.01Mt 25,500tpa US$260m 25+ years 51,000tpa# CAPEX Cash cost Annual operating costs Project Finance U
Slide 8: Kachi Project Finance Support
Kachi Project Finance Support UK Export Finance & Canada EDC – Export Credit Agencies Support For personal use only Expression of Interest - Funding to ~70% of Total Required – including Expansion Project Finance CAPEX Debt Duration UK Export Finance provided ~70% debt## US$544m 10-11 years* Express
Slide 9: Lake's high purity lithium tested and proven in batteries
Clearer pathway Lake’s high purity lithium tested For personal use only and proven in batteries Lake Lithium Carbonate High Purity Lake’s lithium carbonate demonstrated in batteries • Lake's product - premium battery quality • Performs like Tier 1 products in NMC622 batteries • Only 50-60% of lithiu
Slide 10: Project Production Timeline
Project Production Timeline For personal use only 2021 – Q2, 2022 2021 – Q2, 2022 2021 – Q2, 2022 Q3,Q4 2022 DFS Demonstration Financing Construction / ESIA Plant Production Definitive Feasibility Q1,2022 Demo Plant Onsite Project Finance Mid-Late 2022 Approvals/ Study to 50,000tpa LCE 2021-22 Sampl
Slide 11: Scarce Battery Materials
Scarce Battery Materials Market needs 10x more lithium production by 2030. For personal use only • Lithium-ion batteries represent a megatrend Battery mega-factory growth 254 254 battery factories planned for 2030 - one of 21st Century’s largest growth areas 151 operating end 2021 • 3000+% growth by
Slide 12: Rising Lithium Price
Rising Lithium Price Limited New Supply Lithium battery demand For personal use only 254 Megafactories operating at 100% capacity (4.8 TWh) Lithium carbonate Lithium Carbonate prices up 400% in Lithium Battery 15 months to Demand: 2030 US$43,000-52,000/t in January 2022. Demand running at 3 times ne
Slide 13: Cathode Lithium Supply Issues
Cathode Lithium Supply Issues For personal use only • NEW LITHIUM SUPPLY: 10x more supply needed in 10years. Need new entrants. • SCALE OF NEW SUPPLY: New supply needs to scale up to be significant. • HIGH BATTERY QUALITY - QUALIFIED: End users prefer high quality inputs – rigorous qualification pro
Slide 14: World's cleanest lithium: four projects in the Lithium Triangle
World’s cleanest lithium. For personal use only Four lithium projects in heart of the Lithium Triangle. Large leaseholding 2,200km2 (550,000 acres) World’s five largest producers all have equity in operations in the Lithium Triangle. Lake’s flagship project ASX: LKE OTC: ASX: LLKKF LKE SLIDE / 14
Slide 15: Cauchari project / Olaroz Project
Cauchari project / Olaroz Project Next lithium projects through development For personal use only Cauchari - Identical lithium brines as adjoining Ganfeng/ Lithium Americas development Lake’s brines being tested for direct lithium extraction Cauchari and Olaroz - Scoping study and resource drilling
Slide 16: Olaroz Project
For personal use only Olaroz Project. 30km likely extension. Source: Jujuy Registro Grafico; Company disclosures SLIDE / 16
Slide 17: Direct Lithium Extraction
Direct Lithium Extraction 1st Century technology Lilac Solutions - For personal use only Cleaner technology Lilac direct extraction displaces evaporation process Brine in – Lithium chloride out • High purity • Faster process • High recovery 21st Century technology • Sustainable – No brine heating •
Slide 18: Delivers a Cleaner Environment
Delivers a Cleaner Environment Smaller environment footprint – Low Land use - Lower water use – No brine depletion For personal use only Atacama Projects – Brine evaporation (170km2) Kachi Project – Lake/Lilac DLE (1km2) Brine Returned to Source All Brine Evaporated Source: SQM / ALB presentations 2
Slide 19: Delivers a Cleaner Environment: Lower greenhouse gases
Delivers a Cleaner Environment Smaller carbon footprint – Lower greenhouse gases For personal use only Kg CO2e/kg product Li Hydroxide LCE from Hard Rock Spodumene Li Carbonate LCE from Brine 4-5 14 - 18.2 Li Carbonate LCE from Lake/Lilac DLE Also expected to be low Note: Hard Rock = Spodumene conve
Slide 20: Sustainable lithium
Sustainable lithium 20 For personal use only CO2 e Footprint Lake / Lilac DLE method CO2e/kg lithium product 15 Lithium Production • Low CO2 footprint 10 Lake / Lilac • Low water usage DLE method 5 • Low land use 0 Production type: Hard Rock Evaporation DLE Hard Rock to Li Hydroxide Brine Evaporatio
Slide 21: Partnership - Lilac Solutions + Kachi Project
Partnership- Lilac Solutions + Kachi Project Aligns Climate Tech with Upstream Lithium Supply For personal use only • Lilac to Earn in to Kachi Project up to max 25% stake – via performance based milestones ▪ Initial 10% - Lilac funds completion of testing of its technology for the Kachi Project ▪ F
Slide 22: Lilac Solutions - Investors
Lilac Solutions – Investors Successful Tech Investor Backing with EV supply chain participants – For personal use only Recent US$150m investment ASX: LKE OTC: LLKF SLIDE / 22
Slide 23: Leadership
Leadership Board background in resources and Argentina. New COO. On site team being expanded for construction For personal use only Steve Promnitz Stu Crow Dr Nicholas Dr Robert Amalia Saenz Gautam Peter Neilsen MANAGING CHAIRMAN Lindsay Trzebski NON-EXEC DIRECTOR Parimoo CHIEF FINANCIAL DIRECTOR &
Slide 24: Corporate snapshot
Corporate snapshot For personal use only Share price Cash 31 Dec 2021 (Estimate) Half year share price chart A$0.98 US$0.70 ~A$70m 24 Jan 2022 (10 day VWAP) 52 week high $1.18c, low $0.20c US$50m Shares on issue Debt 1.227bn Zero Market capitalisation Listed Options A$1210m 83.9m A$0.75 options, 15
Slide 25: Lake Resources - Value Drivers
Lake Resources – Value Drivers For personal use only • High purity lithium with high lithium price • Unallocated supply is valuable – offtakes with market pricing • Major ESG benefits • Independent producer – at scale, with de-risked finance ASX: LKE OTC: LLKKF SLIDE / 25
Slide 26: Lake Resources - Clean Lithium Solution
Lake Resources - Clean Lithium Solution For personal use only • World’s highest purity lithium • Technology-led direct extraction • Major ESG benefits • New independent clean producer – at scale, with de-risked finance Steve Promnitz - Managing Director steve@lakeresources.com.au lakeresources.com.a
Slide 27: Appendices
Appendices For personal use only ASX: LKE OTC: ASX: LLKKF LKE SLIDE / 27
Slide 28: Mineral Resource (JORC Code 2012) Kachi Project
Mineral Resource (JORC Code 2012) Kachi Project For personal use only Lithium carbonate equivalent (LCE) Indicated Inferred Total Resource Lake Lithium Carbonate High Purity 1.0Mt 3.4Mt 4.4Mt KACHI LITHIUM BRINE PROJECT MINERAL RESOURCE ESTIMATE JORC Code 2012 Edition Indicated Inferred Total Resour
Slide 29: JORC Code 2012 Appendix - Kachi Project
JORC Code 2012 Appendix 1 - Kachi Project For personal use only ASX: LKE OTC: LLKKF SLIDE / 29
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