Investor Presentaiton
January 2022
loneer
Li Americas
Century Li
1.1x
1.0x
0.4x
Core Lithium
Source: Capital IQ and Company Filings 1) Current analyst consensus updated with the Maiden TLC PEA's Base Case NPV of US$3.2B
25
Sigma
Current
loneer
0.5x
0.5x
0.2x
Li Americas
Liontown
Century Li
Peer Positioning - P/NAV
Clay
Liontown
Core Lithium
1.1x
1.1x
0.9x
0.9x
Rock Tech
Atlantic
Critical
Elements
Patriot
0.8x
0.6x
Sigma
1.5x
AVZ
Minerals
Patriot
1.0x
0.8x
0.8x
0.7x
0.6x
0.4x
0.4x
0.4x
0.4x
Rock Tech
Piedmont
AVZ
Minerals
Frontier
Piedmont
Critical
Elements
American lithium trading at the bottom end of the peer set | Clay peers have struggled since 2022
Frontier
Li lonic
Atlantic
Li lonic
Hardrock
0.5x
Clay: 0.8x
Hard Rock: 0.9x
Current Consensus
Adjusted Consensus (1)
Clay: 0.4x
0.2x
0.1x
Hard Rock: 0.7xView entire presentation