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Investor Presentaiton

Tonopah Lithium Claims - TLC $ Highlights Robust Economics (using $20,000/t LCE) Stage 1 Project: Base Case Highlights US$3.26 billion 27.5% 3.8 Years US$14,617M LOM " NPV8: US$3.26 Billion, IRR 27.5% and 3.8 years payback " Large Scale: Average LOM Production of ~ 38,000tpa LCE for 40 years. High Cash Flow: US$14,617M LOM, US$396M average annually. Low CapEx: US$827M initial capital Scalable 40-year mine life producing technical-grade lithium carbonate Key Characteristics NPV(8%)¹ IRR, after- tax Payback¹ undiscounted US$396M average annual LOM Cash Flow¹ after-tax US$7,443 US$819M 40 years per tonne " 100% owned, large scale lithium claystone project Production ~38,000 tpa avg LOM Near surface, weakly bound lithium deposit with minimal overburden Li,co. Significant environmental advantages, deposit above water table OPEX² No threatened or protected plants or wildlife Initial CAPEX³ Mine Life Battery Grade4 Magnesium by-product optionality adds great value M Strategically Located 12,300-acre property ~ 6 miles NW of Tonopah, Nevada Nearby highways, electrical, rail, natural gas line and secured water rights Path Forward Wide diameter drill program Pilot plant with Ansto Commencement of Pre-Feasibility by DRA Global & Stantec M&I* Inferred* Resources (5) Tonnes Grade Contained (Mt) (ppm Li) (Li MT) (Li₂ CO3 MT) 2052 809 1.66 8.83 486 713 0.35 1.86 1. After-tax, average annual at steady state throughput of 3mtpa, based on a selling price of $20,000/t Li2CO3. 2. Inclusive of G&A, Mining, Processing and Tailings Handling. 3. Includes: Includes EPCM, spares, insurances, owners' team, Process Plant Contingency of 11%, Infrastructure Costs (Road and TSF) inclusive of 15% contingency. 4. Steady State - battery quality Li2CO3. * See IMPORTANT PEA Cautionary Notes on Slide 2. 5. Resource info from Stantec N 43-101 Report released on December 1st, 2022. Further info from TLC PEA released on Feb 1, 2023 6
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