Slide 1: The supply chain solution for clean metals
The supply chain solution for clean metals Red Cloud Fall Mining Showcase NYSE: LZM Toronto, Canada www.lifezonemetals.com November 7-8, 2023
Slide 2: 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 3: 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 4: Lifezone Metals | NYSE:LZM
Lifezone Metals | NYSE:LZM The supply chain solution for clean metals1 1 Compelling outlook for Class 1 nickel and responsibly sourced “green” metals 2 One of the largest and highest-grade nickel sulfide deposits2 3 Lower emissions expected via Lifezone’s Hydromet technology3 4 Strategic project par
Slide 5: Kabanga | Introduction
Kabanga | Introduction Kabanga is a globally significant deposit for high-purity Class 1 nickel, copper and cobalt • LZM attributable mineral resources: • 25.8 million tonnes M&I grading 3.33% nickel equivalent1 • Plus 14.6 million tonnes inferred grading 3.21% nickel equivalent1 • Definitive feasib
Slide 6: Kabanga | One of the Largest and Highest-Grade Nickel Sulfide Deposits
Kabanga | One of the Largest and Highest-Grade Nickel Sulfide Deposits1,2,3 Kabanga 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 Mi
Slide 7: Kabanga | Large Resource with Exploration Upside
Kabanga | Large Resource with Exploration Upside Over 20 years and approximately $300 million invested in Kabanga • Shallow mineralization FAVOURABLE GEOLOGICAL • 6 km strike length identified CHARACTERISTICS • Potential for underground extractive methods • Multiple rigs active to infill and expand
Slide 8: Kahama | Hydromet Refinery Based on Established Technologies
Kahama | Hydromet Refinery Based on Established Technologies Direct metals refining with low CO2e and zero SO2 emissions Nickel Sulfide • Lifezone Metals’ team has Concentrate from directly developed technology Kabanga over more than 40 years of research and implementation Pressure Oxidation • Four
Slide 9: Kabanga and Kahama | A Modern Metals Supply Chain Solution
Kabanga and Kahama | A Modern Metals Supply Chain Solution Kabanga: Well-connected to regional infrastructure • Existing camp with ~200 personnel capacity • ~340 km by road to Kahama • ~80 km from 220 / 33kV power substation in Nyakanzi • MOU with TANESCO for 220kV line to Kabanga Kahama: Developmen
Slide 10: Kabanga | Expected First Quartile Cash Costs
Kabanga | Expected First Quartile Cash Costs Nickel industry C1 cash cost curve 20301 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 11: Kabanga | Expected Industry-Lowest CO2e Emissions Intensity
Kabanga | Expected Industry-Lowest CO2e Emissions Intensity Nickel industry CO2e emissions “cost” curve 20301 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 b
Slide 12: Kabanga | Strategic Project Partnership with BHP
Kabanga | Strategic Project Partnership with BHP Current Ownership Structure Potential Future Ownership3,4,5 1.9%1 1.9%1 83.0% 17.0% 39.3% 60.7% Government of Government of Tanzania 14.3% Tanzania 51.0% indirect indirect 16.0% 84.0% 16.0% 84.0% • December 2021: BHP invested $10 million in Lifezone a
Slide 13: Tanzania | A New Era for Mining and Investment
Tanzania | A New Era for Mining and Investment Significant momentum for foreign investment across mining and energy Strengthening ties between Tanzania and the United States • Vice President Kamala Harris visited Tanzania in March 20231 • Reflects the longer-term aims of the Partnership for Global I
Slide 14: Hydromet Technology | Intrinsic Benefits
Hydromet Technology | Intrinsic Benefits Estimated up to 73% less CO2 Refined end-product translates into emissions 1,2 and zero SO2 reduced freight costs and related emissions1 emissions Lower capital and operating In-country beneficiation for expenses increased value recognition, job creation Pote
Slide 15: Lifezone Metals | NYSE:LZM
Lifezone Metals | NYSE:LZM The supply chain solution for clean metals1 1 Compelling outlook for Class 1 nickel and responsibly sourced “green” metals 2 One of the largest and highest-grade nickel sulfide deposits2 3 Lower emissions expected via Lifezone’s Hydromet technology3 4 Strategic project par
Slide 16: Evan Young, SVP: Investor Relations & Capital Markets
Evan Young, SVP: Investor Relations & Capital Markets evan.young@lifezonemetals.com
Slide 17: Appendix
Appendix Ei a
Slide 18: Nickel Backdrop | Energy Transition and Green Sourcing Tailwinds
Nickel Backdrop | Energy Transition and Green Sourcing Tailwinds Increasing Demand for Batteries2 CO2e for Lithium-ion Battery Production1 3.5 Global lithium-ion battery capacity projected 31% Nickel is essential for OEM’s but also the largest to rise at least 5x by 2030 compared to 20213 contributo
Slide 19: Lifezone Metals | Corporate Overview
Lifezone Metals | Corporate Overview Corporate overview Capitalization summary • Lifezone Metals (NYSE:LZM) commenced trading on July 6, 2023, following Summary of Shares the completion of the business combination of Lifezone Holdings Limited (“LHL”) with GoGreen Investments Corporation (“GoGreen”)
Slide 20: Lifezone Metals | Leadership Team
Lifezone Metals | Leadership Team Keith Liddell Chris Showalter Ingo Hofmaier Dr. Mike Adams Gerick Mouton Natasha Liddell Founder & Chair Chief Executive Officer Chief Financial Officer Chief Technology Officer Chief Operating Officer Chief Sustainability Officer • Chairman since 2008 when • CEO si
Slide 21: Lifezone Metals | Board of Directors
Lifezone Metals | Board of Directors Keith Liddell John Dowd Beatriz Orrantia Robert Edwards Founder & Chair Non-Executive Director Non-Executive Director Non-Executive Director • Chairman since 2008 when Lifezone was • Brings decades of experience generating • Sustainability expertise as a consulta
Slide 22: Kabanga | Mineral Resource Estimate at February 15, 2023
Kabanga | Mineral Resource Estimate at February 15, 2023 • LZM Attributable Mineral Resources1,2,3,4,5,6,7 Mineral Resource Classification LHL Tonnage NiEq23 (%) Ni (%) Grades Cu (%) Co (%) Recovery Nickel (%) Copper (%) Cobalt (%) (Mt) • 25.8 million tonnes measured and MAIN indicated grading 2.63%
Slide 23: Kabanga | Highest Grade of the Largest Nickel Deposits
Kabanga | Highest Grade of the Largest 20 Nickel Deposits Largest independent pre-development source of nickel, not controlled by a major Source: S&P Capital IQ Pro, as modified per public data on each project. 1 – NiEq. Values calculated using input prices of Nickel:$20,944/T, Copper $8,818/T and C
Slide 24: Kabanga | Encouraging Drill Results and Open to Extension
Kabanga | Encouraging Drill Results and Open to Extension Oblique long section showing mineralized zones and intercepts greater than 0.58% nickel equivalent1 (looking north-west) • More than 620 kilometers of historical drilling from over 40 years of exploration and resource definition • Tembo Zone
Slide 25: Hydromet | Recycling & Decarbonising the Secondary Supply Chain
Hydromet | Recycling & Decarbonising the Secondary Supply Chain Hydromet can process critical elements faster and in a less energy intensive way Raw Materials Extraction Hydromet Processing The Problem The Solution1 Multiple cycles of recycling via Lifezone Hydromet - potential to smelting dramatica
Slide 26: Notes
Notes 26
Slide 27: Notes
Notes 27
Slide 28: lifezonemetals.com
lifezonemetals.com info@lifezonemetals.com lifezone-metals