Infinity Metals Limited · ASX:INF
Infinity Metals — Infinity Lithium — Proactive Investors CEO Sessions Australia May 2019
47 slides from Infinity Metals's conference presentation, May 13, 2019
Slide 1: Proactive Investors CEO Sessions Australia – May 2019
For personal use only Proactive Investors CEO Sessions Australia – May 2019 INFINITY LITHIUM Developing lithium production in Europe to power a renewable future
Slide 2: Disclaimer
Disclaimer For Consideration For personal use only This presentation has been prepared by Infinity Lithium Corporation Limited “Infinity Lithium”. This document contains background information about Infinity Lithium current at the date of this presentation. The presentation is in summary form and
Slide 3: Disclaimer – Competent Persons Statement
Disclaimer For personal use only Competent Persons Statement The information in this report that relates to Exploration Targets and Mineral Resources is based on the information compiled by Mr Patrick Adams, of Cube Consulting Pty Ltd (Perth). Mr Adams has sufficient relevant professional experien
Slide 4: Introduction
For personal use only INTRODUCTION Electric mobility From Europe Wait and See mode to To Become #2 Largest Action mode EV Maker In The World Batteries EU & Governments Alliances & Long term Supply Start To Intervene & Protect – Strong Exposure to Asia The Region There is no Europe Infinity’s fully i
Slide 5: San Jose Lithium Project
San Jose Lithium Project Europe #2 Largest Fully Integrated Lithium PFS For personal use only Market For EVs, Project, From Mining To Due In Batteries & Lithium Chemicals June/July EU To Support Moved To 75% Ownership Of NPV (10) $717M Development Of The Project IRR (pre-tax) 51% Lithium Production
Slide 6: World's Largest Automaker - Volkswagen
World’s Largest Automaker - Volkswagen “VW capable of building 50 million electric vehicles” For personal use only “Last generation of combustion engines to be launched in 2026” “Lithium is the irreplaceable element of the electric era” “Volkswagen has set itself the goal of promoting lithium produc
Slide 7: Strong Demand Outlook For Lithium
1- Strong Demand Outlook For Lithium For personal use only Electric Vehicles are expected to take over Internal Combustion Cars by the mid-2030s “Volkswagen expects to build 22 million cars on its electric vehicles platforms by 2028” Electric vehicles are not the entire story : many E-mobility appli
Slide 8: Automakers planned spending on EV technology
Automakers planned spending on EV technology over the next 5-10 years* *Regional split based on where automakers have their headquarters in $Bn 100 Europe China USA Japan SK India only 90 Lithium chemical production in 2018 investment 0 ~ 150Kt ~14Kt 0 0 0 80 use 70 $160Bn $54Bn $29Bn Planned EV 60
Slide 9: Strategically Located in Europe
2 - Strategically Located in Europe For personal use only 2 2 Europe to become #2 largest Electric Vehicles and lithium- ion battery producer in the world Europe will become the #2 largest consumer of battery metals such as lithium – but there is no lithium chemical production in Europe EC and EIB p
Slide 10: New Lithium-ion Factories Planned in Europe
A Number of New Lithium-ion Factories Planned in Europe LIB Giga Factories Capacity by 2025 For personal use only GWh 600 China 300 Europe US 0 Source: Benchmark Minerals 10 Infinity Lithium Corporation
Slide 11: A Fully Integrated European Lithium-ion Battery Supply Chain
A Fully Integrated European Lithium-ion Battery Supply Chain The EU is pushing to have a fully integrated domestic supply chain, from producing EVs all For personal use only the way back to producing raw materials. What would it mean for domestic lithium demand? European Electric Equivalent Battery
Slide 12: European Battery Alliance Gathering Momentum
European Battery Alliance Gathering Momentum • For personal use only Infinity Lithium engaged with key European stakeholders at EBA250 with raw materials and chemical processing capabilities remaining a high priority for the European Commission, European Investment Bank, and major European automobil
Slide 13: Focusing On the Fastest Growing Chemical Product
3 - Focusing On the Fastest Growing Chemical Product For personal use only The cathode is a battery component which represents the 40% largest cost of a battery cell and it is where lithium is used LCO NCA There are different types of cathode but NMC (Nickel, By 2025 Manganese, Cobalt) will dominate
Slide 14: New Cathode Investments in Europe
New Cathode Investments – One More Step Towards Back Integration For personal use only Cathode Investments in Europe Umicore is planning to build a cathode plant in Poland. The first phase of this investment is included in the € 660 million programme announced earlier this year. Umicore is due to st
Slide 15: A Uniquely Fully Integrated Lithium Project
4 - A Uniquely Fully Integrated Lithium Project For personal use only Lithium is mostly produced from either brine-based deposits in South America or from hard-rock mineral deposits in Australia Rock Brine Hard-rock to dominate lithium production in the future: easier 2017 Source: Canaccord Genuity
Slide 16: Integration: The Way Forward for Hard Rock Production
Integration: The Way Forward for Hard Rock Production 1.6 Lithium Production by Sources Integration process for miners will improve efficiency Millions tons LCE For personal use only 1.4 1.2 Today By 2025 1.0 Spodumene Conversion** Spodumene Conversion 0.8 0.6 LiOH 0.4 Tianqi Tianqi 0.2 LiOH Albemar
Slide 17: A Large And Long Term Asset Supporting EV Growth
5 - A Large And Long Term Asset Supporting EV Growth For personal use only Second largest lithium resource in the European Union 2 1.6Mt JORC Resource 111.2Mt (Ind. 59Mt, Inf. 52.2Mt) LCE LCE: Lithium Carbonate Equivalent To operate for 24 years, including 16 years of mining but only depleting <50%
Slide 18: Strategically Located in Extremadura, Spain
Strategically Located in Extremadura, Spain For personal use only Spain • #2 largest car manufacturer in Europe • Proposes to veto the sales of ICE cars in 2040 • Promotes the manufacture of batteries for electric cars in Spain Extremadura Madrid • Region of high poverty and unemployment San Jose Li
Slide 19: Fully Integrated Project - From Mining to Lithium Hydroxide
Fully Integrated Project - From Mining to Lithium Hydroxide For personal use only * *This is the maximum size of the pit after 16y of operations, the size of the pit will increase gradually over the life of the project. Plan view of San Jose showing drilling, distribution of resources showing indica
Slide 20: From Mining to Lithium Bearing Solution
Stage 1 From Mining to Lithium Bearing Solution 1 Mine Conventional mining process to 75um For personal use only Crush Crush & Mill through multi-stage crushing and grinding Separate Mineralogy Transport Stage for <3km 2 processing Flotation used to separate micas with possible mag-separation upgrad
Slide 21: Lithium Bearing Solution to Lithium Product
Lithium Bearing Solution to Lithium Product 2 Sulphate For personal use only Recovery Raw LC Mix & Addition of Na2CO3 Addition of NaOH Precipitation Crystallisation Addition of CO2, and recycling in multi-stages Crystallisers - The main of purification typically Bicarbonate Purification capital cost
Slide 22: Fully Integrated Project - From Mining to Lithium Hydroxide
Fully Integrated Project - From Mining to Lithium Hydroxide For personal use only • EU & Spain: Low investing risk • Sealed dual lane highway • 2nd Largest Lithium JORC in the EU adjacent to the plant – • Proven production process connected by major arteries • Fully integrated • Low cost production
Slide 23: Cautionary Statement
Cautionary Statement Production Target Cautionary Statement For personal use only The Production Target referred to in this announcement is based on 91% Indicated Resources and 9% Inferred Resources for the life of mine life covered under the Study. In accordance with the twenty four (24) year mine
Slide 24: Lithium Project Supported by Strong Economics
6 - Lithium Project Supported by Strong Economics For personal use only NPV (10) IRR (pre-tax) Pay back $717M 51% 2.3 years Lithium Hydroxide OPEX at the bottom of the cost curve for OPEX Cost Curve lithium hydroxide at around $5,343/t 2022 $5,343 Source: Cannacord Lithium hydroxide battery grade pr
Slide 25: Global Lithium Hydroxide Cost Curve In 2022
Global Lithium Hydroxide Cost Curve In 2022 For personal use only $/t LIOH Lithium Hydroxide Cost Curve (2022, US$/t) 12,000 OPEX 10,000 SAN JOSE $5,343 8,000 6,000 4,000 2,000 0 0 40 80 120 160 200 240 280 Source: Canaccord 2019 Cumulative Production (000t) 23 Infinity Lithium Corporation
Slide 26: Scoping Study Project Economics - Lithium Hydroxide
Scoping Study Project Economics* - Lithium Hydroxide (100% Project Basis) *See Disclaimer slide For personal use only 24 Infinity Lithium Corporation
Slide 27: A Sustainable, Low Carbon Footprint Operation
7 - A Sustainable, Low Carbon Footprint Operation For personal use only Integrated plant and proximity to end-markets lead to very low transport footprint, reducing CO2 emissions to a minimum Using fertilizer or safe reagents for processing Hard Rock Brine Low water consumption, 40 times less than i
Slide 28: Summary
Summary For personal use only 1- Strong Demand Outlook For Lithium 2- Strategically Located in Europe 3- Focusing On the Fastest Growing Chemical Product 4- A Uniquely Fully Integrated Lithium Project 5- A Large And Long Term Asset Supporting EV Growth 6- San Jose Lithium Project Supported by Strong
Slide 29: San Jose Project Timeline
San Jose Project Timeline 2018 2019 2020 2021 2022 For personal use only Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Study Permitting Financing Construction Commissioning Production Scoping Study PFS DFS LiOH 50% Ownership Moved to 75% Option for 100% Ownership Ownership Offtakes & Equity Investmen
Slide 30: Board of Directors & Management
Board of Directors & Management Kevin Tomlinson Ryan Parkin Adrian Byass Vincent Ledoux Pedailles Non Executive Chairman Managing Director/CEO Executive Director Executive Director For personal use only CA ANZ MSc Geol, Grad BComm BSc Geol Hons, Dip Finance & MA Business Accounting & B. Econ Investm
Slide 31: Momentum Builds For Infinity Lithium
Momentum Builds For Infinity Lithium For personal use only 55.93% INF EMH ORE GXY 1st November 1st May 2018 2019 31 Infinity Lithium Corporation
Slide 32: Corporate Overview
For personal use only Corporate Overview ASX Code INF FRA Code 3PM Share Price A$0.0911) Board of Directors & Management Shares on Issue 190.17m Kevin Tomlinson Non Executive Chairman Market Capitalization A$17.5m Ryan Parkin Managing Director/CEO Cash A$1.6m(2) Adrian Byass Executive Director Debt
Slide 33: Discover More About Infinity Lithium
Discover More About Infinity Lithium Talk to us today For personal use only Ryan Parkin Vincent Ledoux Pedailles Managing Director Executive Director & CEO Corporate Strategy rparkin@infinitylithium.com vlp@infinitylithium.com Visit our website www.infinitylithium.com • Latest Presentations • Video
Slide 34: Infinity Lithium
For personal use only INFINITY LITHIUM Developing lithium production in Europe to power a renewable future 34
Slide 35: Appendix
For personal use only Appendix 35
Slide 36: March News: The European Li-ion Battery Supply Chain
March News The European Li-ion Battery Supply Chain Electrive SK Innovation plans to build new battery Reuters Volkswagen accelerates electric push as core brand margin slips Reuters Europe must build world's best For personal use only plant in Europe, the major EV market batteries to save jobs: Ger
Slide 37: April News: The European Li-ion Battery Supply Chain
April News The European Li-ion Battery Supply Chain Reuters Johnson Matthey to build cathode Volkswagen has set itself the goal of promoting lithium Electrek Lotus announces ‘world’s first full For personal use only material plant in Poland Volkswagen production in Europe in the medium term - there
Slide 38: Key Agreements & Investments in the Lithium-ion Battery Supply Chain
2018-2019 Key Agreements & Investments in the Lithium-ion Battery Supply Chain Lithium Li-ion Cells & Components EV Makers Ganfeng For personal use only North America Lithium Nemaska Soft Bank Ganfeng Kidman Tianqi AMG Ganfeng Pilbara Galaxy Bacanora Hanwa Orocobre Toyota Tsusho Ganfeng Kidman Sigma
Slide 39: Many Paths to Market: South America to Asia
Many Paths to Market but Integration & Proximity is Key 1- South America to Asia For personal use only • Regulators controlling sales & Production quotas • Low Li2CO3 production cost • Water rights • But additional conversion • Li2CO3 converted • High political and costs for LiOH $$$ internationally
Slide 40: Many Paths to Market: Australia to Asia
Many Paths to Market but Integration & Proximity is Key 1- Australia to Asia Environmental penalties & For personal use only Shutdowns • Mining friendly • Low political and Hazardous Tax $$ economical risk 8,000 km $ Non-integrated chemicals Freight $ • Small royalties $ Feedstock $$$ Ex-China Spodu
Slide 41: Many Paths to Market: Europe to Europe
Many Paths to Market but Integration & Proximity is Key 3 – Europe to Europe For personal use only NO • Mining friendly region NO Import Domestic re-agents • Low risk Royalties San Jose duties available Spain 1-3km Integrated Gas pipeline NO • Low strip ratio trucking adjacent Export • Open pit taxe
Slide 42: Carbon Footprint - Lithium
Carbon Footprint - Lithium What is likely to happen when you buy a luxury EV in Europe The lithium inside you car travels more than 50,000km before you even start driving* For personal use only Lithium Lithium Cathodes Cells Battery Pack EV End Carbonate Hydroxide Customer 7,000Km 18,000Km 400Km 9,7
Slide 43: San Jose: A low Carbon Footprint & Sustainable Project
San Jose: A low Carbon Footprint & Sustainable Project only • Very small water • All reagents available domestically Infinity Lithium requirement and most • Roasting process uses safe reagents San Jose is of the water is recycled such as sodium sulphate a unique • Chemical plant <3km • Leaching proc
Slide 44: Cathode Technology Evolution Leading To Shift In Lithium Demand
Cathode Technology Evolution Leading To Shift In Lithium Demand For personal use only NMC – a leading technology evolving Lithium Demand: Carbonate vs. Hydroxide Nickel Manganese Cobalt Lithium • NMC is set to dominate the industry • Lithium hydroxide demand is growing faster than lithium • The NMC
Slide 45: Cathode Evolution: Nickel-rich NMC to Dominate the Industry
Cathode Evolution: Nickel-rich NMC to Dominate the Industry For personal use only Lithium Hydroxide EV Battery Chemistry Mix Preferred 100% 3% 7% 5% 90% 9% Other 80% 21% 21% 22% LFP 70% 21% 6% NCA 60% 6% 36% 93% 50% NCM 811 Market 40% 22% Share by NCM 721 30% 48% 2025 20% 37% NCM 622 29% 10% NCM 111
Slide 46: Lithium Prices – Spot and Trade In Asia
Lithium Prices – Spot and Trade In Asia Lithium Carbonate Asia Price Lithium Hydroxide Asia Price $/t $/t For personal use only 22,000 22,000 20,000 20,000 18,000 18,000 16,000 16,000 14,000 14,000 12,000 12,000 10,000 10,000 8,000 8,000 6,000 6,000 4,000 4,000 2,000 2,000 - - Mar-18 Jan-16 Mar-16 J
Slide 47: San Jose Lithium Project - Joint Venture Structure
San Jose Lithium Project - Joint Venture Structure For personal use only Infinity Lithium Corporation Limited 100% Tonsley Mining Pty Valoriza Mineria Ltd 100% Extremadura Mining Tecnolgia Extremena Del Lito 75% S.L. 25% Option to move to 100% San Jose Lithium Project Infinity Lithium Corporation 45
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