Lake Resources N.l. · ASX:LKE
Lake Resources N.l — Bell Potter Unearthed 2024
23 slides from Lake Resources N.l's conference presentation, Feb 14, 2024
Slide 1: Bell Potter Unearthed 2024 Investor Presentation
Bell Potter Unearthed 2024 Investor Presentation 14 February 2024
Slide 2: Disclaimer
Disclaimer General Statement and Cautionary Statement 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 reflects prevailing c
Slide 3: Key Investment Highlights
Key Investment Highlights 1 World Class 25ktpa Battery Grade Lithium Project 2 Globally Significant 10.6Mt LCE Resource Facilitates Potential Further Expansion Proven Ion-Exchange DLE Technology Increases Process Efficiency and Reduces 3 Environmental Footprint 4 Advanced Technical Work Proven Out i
Slide 4: Developing a Critical Global Asset in Argentina
Developing a Critical Global Asset in Argentina Kachi – Lake’s Flagship Project Recently completed Kachi Project Phase One Definitive Feasibility Study 1 (“DFS”) Located in Catamarca region, within the Lithium Triangle which holds ~56% of the world’s lithium reserves2 Using ion exchange DLE te
Slide 5: Strategic Delivery of Kachi
Strategic Delivery of Kachi Pursuing strategic partnership for Kachi Lake and Lilac are considering a range of funding alternatives including, but not limited to, a strategic partnership, project finance, pre-payments from potential customers, and royalties Expected to provide additional capit
Slide 6: Exceptional Financial Results
Exceptional Financial Results Targeted project financial results1 ($USD) Units Period DFS Result Phase One DFS Financial Outputs Lithium Carbonate Revenue $M Life of Mine 20,700 Phase One – 25 ktpa LCE Lithium Carbonate Revenue $M Annual Average 827 Production Target2 EBITDA2 $M Life of Mine 15,870
Slide 7: Sensitivity Analysis
Sensitivity Analysis The Kachi Project is resilient to Opex and Capex factors Post-Tax NPV8 Sensitivities Chart (-15% / +15%; Base $2,333M) Post-Tax IRR Sensitivities Chart (-15% / +15%; Base 20.9%) ($USD) ($USD) Lithium Price Lithium Price 28.0% 27.8% 14.4% 12.8% ($28.1k - $33.0k - $38.0k) ($28.1k
Slide 8: Next Twelve Months
Next Twelve Months Strategic Partner Process for Kachi Project Process initiated, led by Goldman Sachs Offtake Commencement of negotiations to secure binding offtake agreements, in tandem with strategic partnering process The submission of the Environmental and Social Impact Assessment (“EIA”)
Slide 9: Appendix A – Supporting Materials
Appendix A – Supporting Materials
Slide 10: >10.6 million tonnes LCE Mineral Resource
>10.6 million tonnes LCE Mineral Resource Kachi M&I resource Resource expansion from June 2023 update1: estimate increased ■ Measured resource has 250% since June 2023 increased from 2.2 to 3.0 million tonnes LCE 10.6 ■ Indicated resource has 8.1 increased from 0.72 to 4.3 million tonnes LCE 3.3 ■ I
Slide 11: Maiden Ore Reserve Statement
Maiden Ore Reserve Statement Reserve Years Lithium LCE Average Category (Tonnes) (Tonnes) Lithium (mg/l) Proved 1 3,600 18,900 259 Proved 2-7 28,500 151,400 257 Probable 8-25 85,400 454,100 245 Total 1-25 117,400 624,400 ■ Globally Significant Resource: The mine plan produces 806k tonnes LCE (allowi
Slide 12: Phase One DFS Demo Scope – Ready for Deployment
Phase One DFS Demo Scope – Ready for Deployment DLE – Lilac Solutions Ion Exchange • On-site demo plant operated in campaigns from October 2022 to November 2023 o Over 5.2 million litres of Kachi brine successfully processed o During continuous operations >90% uptime o 200,000 litres of lithium chlo
Slide 13: Phase One DFS Demo Scope – Battery Grade by Design
Phase One DFS Demo Scope – Battery Grade by Design Balance of Plant – Saltworks Technologies • 120,000 litres processed in 3 batches in Canada o All batches achieved battery grade lithium purity target (>99.5%) o Up to 99.9% purity achieved o Independent validation of results o Data produced to supp
Slide 14: Scope of the Phase One DFS
Scope of the Phase One DFS Work Completed Basis of Design Conservative assumptions (205 mg/L vs. 245 mg/L minimum average) Heat & Material Balance (HMB) Confirmed >75% lithium recovery Process flowsheet Process plant 3-D model Wellfield layout and well design Numerical reservoir mode
Slide 15: Strong Community and Government Engagement
Strong Community and Government Engagement Looking forward to building relationship with recently elected Federal government. Continued strong relationship with Catamarca government. Monthly meetings with local government and community to provide status updates of Kachi Project. Emphasis on
Slide 16: Positioned for Success
Positioned for Success Credible, Achievable and De-risked Robust and competitive NPV and IRR Compelling Project Economics Completion of Phase One DFS allows Lake to open a data room and engage with strategic investors, potential offtakers, and debt providers Ore Reserve constrained by plant ca
Slide 17: JORC update table note
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 all material assumptio
Slide 18: 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 Deficits could emerge in the near term, and extend to ~1Mt LCE by 2040, with Kachi’s anticipated ~25Ktpa of Phase One battery g
Slide 19: Lithium Price Forecast
Lithium Price Forecast Wood Mackenzie Battery Grade Lithium Carbonate Price ($USD/tonne) 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 $15,000 $10,000 $5,000 $0 20
Slide 20: Kachi Development Timeline
Kachi Development Timeline 20
Slide 21: Lake Resources Leadership Team
Lake Resources Leadership Team Experienced, well-credentialed and highly motivated management team ready to deliver on Lake’s strategy David Dickson, ManagingDirector / CEO Our Leadership Team Scott Munro Sean Miller Amalia Saenz Don Miller Karen Greene MarkAnning John Freeman Gentry Brann SVP, Tech
Slide 22: Non-GAAP Financial Measures
Non-GAAP Financial Measures Definitions 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, Taxes, Depreciation and Amo
Slide 23: Bell Potter Unearthed 2024 Investor Presentation
Bell Potter Unearthed 2024 Investor Presentation 14 February 2024