Lake Resources N.l. · ASX:LKE
Lake Resources N.l — Investor Presentation (January 2024)
23 slides from Lake Resources N.l's investor presentation, Jan 29, 2024
Slide 1: Investor Webcast
Investor Webcast For personal use only January 29, 2024
Slide 2: Disclaimer
Disclaimer General Statement and Cautionary Statement For personal use only This presentation has been prepared by Lake Resources N.L. (Lake) for information purposes and not any particular party. The information in this presentation is based upon public information and internally developed data and
Slide 3: A Closer Look at Kachi Project
A Closer Look at Kachi Project On Today’s Webcast: For personal use only § Lilac: Company Update and Technology Insights § Lithium market outlook § High level review of David Dickson David Snydacker, Don Miller Kachi Project Phase CEO, Lake Resources Founder and CEO, CFO, Lake Resources One Definiti
Slide 4: Scaling Lithium Supply for the Electric Era
For personal use only Scaling Lithium Supply for the Electric Era 4
Slide 5: Lilac Solutions is the leading DLE partner for any brine, anywhere
LILAC SOLUTIONS IS THE LEADING DLE PARTNER FOR ANY BRINE, ANYWHERE For personal use only 2016 250+ $250M+ Founded Employees across Capital raised 5 London: 4 Vancouver: Balance-of-Plant Engineering 8 offices to date Nevada: IX Resin manufacturing Subsurface 1 2 3 Utah: DLE Engineering Lilac’s Techno
Slide 6: Evaporation ponds have lost their social license
EVAPORATION PONDS HAVE LOST THEIR SOCIAL LICENSE THE WORLD IS ENTERING A STRUCTUAL SUPPLY SHORTAGE SUBPAR YIELDS 30-50% recovery rates translate to lowered production & For personal use only resource recovery LAND IMPACTS & CONSTRAINTS Requires ‘000s ha of surface disturbance, >99% more than DLE FRE
Slide 7: Ion exchange has a strong heritage, but material degradation hurt economics
ION EXCHANGE HAS A STRONG HERITAGE, BUT MATERIAL DEGRADATION HURT ECONOMICS For personal use only 7
Slide 8: Lilac IX is the commercially viable extraction technology
LILAC IX IS THE COMMERCIALLY VIABLE EXTRACTION TECHNOLOGY Comparison of Lithium “Extraction” Technologies For personal use only Recovery at Product Resource Water Footprint Land Footprint Commercial Impurity Rejection Flexibility Flexibility Conditions Lilac IX Alumina Absorbents Solvent Extraction
Slide 9: Lilac's core innovation unlocks IX advantages
LILAC’S CORE INNOVATION UNLOCKS IX ADVANTAGES 100% For personal use only 90% 80% Lithium Recovery 70% 60% 50% 40% 30% 20% Kachi 10% Chile 0% 0 1000 2000 3000 Cycle # 9
Slide 10: Lilac's operational experience has improved design while derisking commercial scale-up
LILAC’S OPERATIONAL EXPERIENCE HAS IMPROVED DESIGN WHILE DERISKING COMMERCIAL SCALE-UP For personal use only LAB TRIALS MINI PILOTS (50+) FIELD PILOTS (2) DEMO PLANTS (2) COMMERCIAL Led to Solved durability De-risked Grew operational Multiple projects fundamental IX concerns and commercial scale- ex
Slide 11: Lilac's Kachi demonstration plant
LILAC’S KACHI DEMONSTRATION PLANT MINIMIZED COMPLIANCE RISKS and VALIDATED PRODUCT QUALITY For personal use only 3 >5.2 93% 1:3 >1.3 Independent Engineering Uptime IX Reactor Size Tonnes of battery grade Million liters of brine Reports Validating lithium carbonate processed Performance at Scale prod
Slide 12: Kachi demonstration plant validated commercial design
KACHI DEMONSTRATION PLANT VALIDATED COMMERCIAL DESIGN Oakland Mini-Pilot Performance… …replicated at Kachi Demonstration Plant… For personal use only 100% 100% 90% 90% 80% 80% Lithium Recovery 70% Lithium Recovery 70% 60% 60% 50% 50% 40% 40% Kachi Pilot 30% 30% 20% Commercial Plant 20% Target 10% 10
Slide 13: US based manufacturing facility eliminates supply chain concerns
US BASED MANUFACTURING FACILITY ELIMINATES SUPPLY CHAIN CONCERNS AND SERVES GROWING NORTH AMERICAN MARKET For personal use only 13 --Confidential--
Slide 14: Lilac has extracted lithium from 70+ salar, geothermal, and O&G brines
For personal use only Brine tested 10 funded commercial studies 2 deployed and 3 in-process pilot & demo plants LILAC HAS EXTRACTED LITHIUM FROM 70+ SALAR, GEOTHERMAL, AND O&G BRINES OVER 550,000 HRS OF PROCESSING 14
Slide 15: Scaling Lithium Supply for the Electric Era
For personal use only Scaling Lithium Supply for the Electric Era 15
Slide 16: Lithium Market Balance
Lithium Market Balance While the lithium market as a whole may not reach sustained deficit until 2031, the battery grade market is anticipated to be significantly tighter For personal use only § Deficits could emerge in the near term, and extend to ~1Mt LCE by 2040, with Kachi’s anticipated ~25Ktpa
Slide 17: Lithium Price Forecast
Lithium Price Forecast Wood Mackenzie Battery Grade Lithium Carbonate Price ($USD/tonne) For personal use only Wood Mackenzie Annual Price Forecast for Battery Grade Lithium Carbonate Near Term Average Price Forecast Period Average Price $40,000 $35,000 $31,253 $30,000 $25,000 $20,427 $20,000 $15,00
Slide 18: Kachi Phase One DFS Highlights
Kachi Phase One DFS Highlights • Post-tax NPV of $2.3 billion and IRR of 21% Investment Highlights • Annual average EBITDA of $635 million For personal use only ($ USD) • $1.38 billion of Capex1 • $6.05 / kg LCE of Opex • Total resource estimated at more than 10.6 Mt LCE, a globally significant reso
Slide 19: Next Twelve Months
Next Twelve Months Strategic Partner Process § Process initiated, led by Goldman Sachs For personal use only for Kachi Project § Commencement of negotiations to secure binding offtake agreements, in tandem with Offtake strategic partnering process § The submission of the Environmental and Social Imp
Slide 20: Appendix A
20 For personal use only Appendix A
Slide 21: For personal use only
For personal use only Note: This table has been directly extracted from the JORC update announced on 22 November 2023. Lake Resources N.L. confirms that it is not aware of any information that materially affects the information included in Lake’s JORC update announced on ASX on 22 November 2023 and
Slide 22: Non-GAAP Financial Measures
Non-GAAP Financial Measures Definitions For personal use only Note: These financial definitions are alternative performance measures that are not defined or specified under IFRS or AASC standards and for which there are no generally accepted reporting formats § EBITDA = Earnings before Interest, Tax
Slide 23: Thank you!
For personal use only Thank you!
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