Investor Presentaiton
Exceptional Financial Results
Targeted project financial results¹ ($USD)
Phase One DFS Financial Outputs
Phase One - 25 ktpa LCE
$827M
Annual Lithium
Carbonate Revenues
Production Target²
LAKE
RESOURCES
Units
Period
DFS Result
Lithium Carbonate Revenue
$M
Life of Mine
20,700
Lithium Carbonate Revenue
$M
Annual Average
827
EBITDA²
$M
Life of Mine
15,870
EBITDA²
$M
Annual Average
635
$2.3B
Post-Tax NPV8
20.9%
Post-Tax IRR
EBITDA Margin
%
Run Rate
76%
Net Profit After Tax
$M
Life of Mine
8,959
Average Opex
$/t
Run Rate
6,047
$635M
Annual Average
EBITDA³
$3.9B
Pre-Tax NPV8
25.4%
Pre-Tax IRR
Total Capex
$M
1,376
NPV8 Post-Tax
$M
2,333
NPV8 Pre-Tax
$M
3,854
25 years
Life of Mine
$1.38B
Capital Cost
$6.05/kg
Run Rate Operating
Cost
IRR Post-Tax
do
%
20.91
IRR Pre-Tax
%
25.35
Total Free Cashflows
$M
Life of Mine
9,310
Payback Period
Years
4.25
1. Economics based on average price of $33,000 per tonne LCE over the LOM, derived from forward price projection provided in a bespoke study commissioned by the Kachi project with Wood Mackenzie and delivered in December 2023.
Operating costs include labor, maintenance, materials, supplies, raw materials, outside services, among others.
2. See the Company's JORC technical report dated effective December 19, 2023, "Kachi Lithium Brine Definitive Feasibility Study" for full details regarding material assumptions relied upon. Lake confirms the material assumptions in that
announcement continue to apply and have not materially changed.
3. Please see "Non-GAAP Financial Measures" in the appendix.
CO
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