Sal de Vida Lithium Mining Project Presentation

SAL DE VIDA LITHIUM MINING PROJECT ARGENTINA PROJECT SNAPSHOT Sal de Vida - Snapshot Project Overview ☐ ☐ The Sal de Vida greenfield lithium project involves the construction and operation of a lithium carbonate (LCE) plant with a capacity of 15,000 tons per year (equivalent to 50% of Argentina's lithium production in 2022). The project will produce battery-grade lithium carbonate through an evaporation and processing operation for the battery and electric vehicles supply chain. ☐ The Sal de Vida deposit lies within the "Lithium Triangle," a region in the Andes that hosts ~60% of the world's identified lithium metal resources in near-surface brines. Sal de Vida uses brine extraction in its lithium production, the prevailing method used in the Lithium Triangle. Lithium Market Overview Lithium is a critical mineral in the global transition to a low-carbon future as it is one of the best-suited metals for batteries. It's crucial for cathode production in lithium-ion batteries, particularly for electric vehicles, due to their high energy density and specific power. Australia and Chile stand out as the top producers of lithium, accounting for almost 77% of the global production in 2022. Global Lithium brine extraction is centered primarily in Chile (57%), Argentina (15%), and China (27%). Global lithium extraction has been steadily increasing. Wood Mackenzie forecasts a 62 annual growth in mine supply between 2023 and 2033 reaching a peak of 1 291 kt LCE by 2033. However, this won't meet rising global demand, resulting in a potential structural market deficit in the early 2030s. IDB Invest

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