Core Lithium Ltd · ASX:CXO
Core Lithium — Paydirt 2021 Battery Minerals Conference
25 slides from Core Lithium's conference presentation, Jun 2, 2021
Slide 1: Australia's Next Lithium Producer
For personal use only Australia’s Next Lithium Producer Paydirt 2021 Battery Minerals Conference Presentation 2nd June 2021 Stephen Biggins Managing Director
Slide 2: Important and cautionary notes
Important and cautionary notes For personal use only This document has been prepared by Core Lithium Ltd (“Core”, “Company”) and provided as a basic overview of the Cautionary Statement: tenements held or controlled by the Company. This presentation does not purport to be all-inclusive or to contain
Slide 3: Important and cautionary notes
Important and cautionary notes For personal use only Competent Person Statements: uncertainties and other factors that may cause the Company’s actual results, level of activity, performance or achievements The Mineral Resources and Ore Reserves underpinning the Production Target have been prepared b
Slide 4: Australia's next lithium producer
Australia’s next lithium producer For personal use only At the front of the line of new global lithium production ✓ Australia's most advanced new Lithium Project, only 25km from port ✓ Construction-ready with Government approvals in place ✓ Stage 1 FID Q3 2021, Construction start Q4 2021, Production
Slide 5: CXO is Australia's most advanced lithium developer
CXO is Australia’s most advanced lithium developer For personal use only Core’s Finniss Project is low-risk, capital efficient, near construction-ready and offers substantial value upside Stage 1 Project Finniss Metric (Core Lithium ASX:CXO) Approved Yes DFS Yes Binding offtake 4 Yes Reserves Yes Mi
Slide 6: Corporate information
Corporate information For personal use only Share Price Performance Last Six Months Capital Structure (as at 19 May 2021) Share Price (19/5/21) A$0.23 0.45 0.40 Shares on Issue 1,174.1M 0.35 Market Capitalisation ~A$270M 0.30 0.25 Options and Rights Unlisted 127.8M 0.20 Cash (31 March 2021) A$41M 0.
Slide 7: Finniss Lithium Project - key advantages
Finniss Lithium Project - key advantages For personal use only Core is developing one of Australia’s most capital-efficient and cost-competitive lithium projects • Location adjacent to world class infrastructure • High-grade lithium resources 25km from Australia’s closest port2 to Asia and nearby Da
Slide 8: Location and infrastructure cost savings
Location and infrastructure cost savings For personal use only Excellent location & infrastructure advantages Short trucking distance to existing facilities lowers costs Potential for downstream manufacturing Flagship Lithium Project Distance to Ports Core 88km Potential LiOH Plant Kidman 645km Lion
Slide 9: Dense Media Separation (DMS) - no flotation circuit required
Dense Media Separation (DMS) - no flotation circuit required For personal use only DMS avoids problems of other new Australian lithium flotation projects burdened by high capex, large debt and high finance costs and high operating costs (refer appendix) ✓ Simple DMS (gravity) separation produces hig
Slide 10: Battery-grade lithium hydroxide produced from Finniss concentrate
Battery-grade lithium hydroxide produced from Finniss concentrate For personal use only Scoping level test work on Finniss Project spodumene mineral concentrate sample has produced ‘battery grade’ lithium hydroxide monohydrate (LH) • Core’s LH satisfied all impurity specifications of the commonly re
Slide 11: Core has potential to join Tesla supply chain
Core has potential to join Tesla supply chain For personal use only Tesla recently signed a 5-year LiOH supply deal with Core’s largest shareholder and lithium offtaker - Yahua ✓ Core has binding offtake to supply 75,000tpa to Yahua (approx. 40% of Core’s 190,000tpa production) ✓ Core likely to join
Slide 12: CXO now well-funded, recent acquisition deal to increase LOM
CXO now well-funded, recent acquisition deal to increase LOM and production capacity For personal use only CXO 2018-2020 – Capital restrained – but still 150% increase to the Measured/Indicated Resource and Reserves CXO 2021/22 – Well Funded and recent acquisition deal to accelerate LOM growth and c
Slide 13: New 10Mt-16Mt ET adds to 15Mt Resource
New 10Mt-16Mt ET adds to 15Mt Resource For personal use only Clear pathway for Core to more than double resources and life of mine Organic and Strategic Resources Growth Million t Li2O (%) Finniss ET 30.0 Low High Low High Total 9.8 16.2 0.8 1.4 Resources Reserves • Recent (Feb 21) acquisition and n
Slide 14: Federal Government - Major Project Status awarded
Federal Government- Major Project Status awarded For personal use only Major Project Status for our flagship Finniss Lithium Project is another major milestone • MPS is the Federal Government’s recognition of the strategic significance of a project to Australia • Strengthens links with Federal agenc
Slide 15: Darwin Port operating agreement secured
Darwin Port For personal use only Operating agreement secured Core has agreement with Darwin Port to ship 250,000tpa of spodumene concentrate Darwin Port is Australia’s nearest port to China East Arm Wharf facilities at Darwin Port are well suited to handle potential future production from Core’s li
Slide 16: Project Timeline
For personal use only Project Timeline 16
Slide 17: Core Lithium - well-funded to become Australia's next lithium producer
Core Lithium - well-funded to become Australia’s next lithium producer For personal use only ✓ Stage 1 Construction-Ready 2021 – approvals in place and Federal Major Project Status ✓ Binding offtake with Yahua to potentially become part of Tesla’s Supply Chain ✓ Finalising significant additional off
Slide 18: Thank you
For personal use only Thank you For more information: Core Lithium Level 1, 366 King William Street, Adelaide Stephen Biggins: +61 8 8317 1700 For broker and media enquiries: Cannings Purple Fraser Beattie: +61 421 505 557 Authorised for release by the Board of Core Lithium Ltd.
Slide 19: APPENDIX: Core Directors and Management
APPENDIX : Core Directors and Management Meet the Team : CXO Directors For personal use only Stephen Biggins MBA, BSc (Hons) Geol, MAusIMM | Managing Director | 2011 - present Stephen has over 25 years’ experience as a geologist and as an executive in both the mining industry in Australia and intern
Slide 20: Meet the Team: CXO Management
Meet the Team : CXO Management For personal use only Simon Iacopetta CA, BCom (Corporate Finance & Accounting), GCert (Applied Finance & Investment), Dale Carnegie Human Relations Management, MAICD | Chief Financial Officer | 2019 - Present Simon is a mining executive with broad experience in precio
Slide 21: Appendix: Uranium, Gold and Silver
For personal use only Appendix: Uranium, Gold and Silver Northern Territory, Australia
Slide 22: Napperby Uranium Resource, NT
Napperby Uranium Resource, NT For personal use only JORC Resource of 8Mlb U3O8 Expand 200%-300% to 20-30Mlb 50 years of uranium mining, processing and exporting in the NT Project Upside to : • Convert the substantial existing gamma drilling database to JORC the remaining three-quarters of the U mine
Slide 23: High grade gold and silver projects in the NT
High grade gold and silver projects in the NT For personal use only Substantial value in Core’s 100%-owned precious metals projects Core is advancing high-grade gold and silver projects in NT ✓ Grades over 100g/t Au ✓ +100 Gold Nuggets and Visible Gold Bynoe Gold Project ✓ First gold drill assays co
Slide 24: Bynoe Gold Project
Bynoe Gold Project For personal use only 100g/t assays, +100 gold nuggets and visible gold in +10million ounce terrain • Bynoe Gold Project located in Pine Creek Orogen (PCO) • PCO hosts +13 million oz and produced 4.5 million oz gold • “thinking time” in COVID-19 lockdown enabled Core to unlock gol
Slide 25: Blueys Silver Project, NT
Blueys Silver Project, NT For personal use only • Very high-grade silver drilled at Blueys • 1m @ 1,070g/t silver (Ag) and 8% lead (Pb) • 2m @ 843 g/t Ag and 5.9% Pb within • 17m @116 g/t Ag and 0.83% Pb • 4m intercept @ 195 g/t Ag, 5.24% Pb and 2.49% Zn at Inkheart • 500m long sulphide system drill
Core Lithium — Paydirt 2021 Battery Minerals Conference on 6ix