Prospect Resources Ltd. · ASX:PSC
Prospect Resources — Broker Briefing Mining & Resources Investor Webinar (August 2021)
25 slides from Prospect Resources's conference presentation, Aug 12, 2021
Slide 1: ASX Announcement: Investor Presentation webinar notice
ASX ANNOUNCEMENT 12 August 2021 ASX.PSC FRA.5E8 XX November 2018 Investor Presentation For personal use only Prospect Resources Ltd (ASX: PSC, FRA:5E8) (“Prospect” or “the Company”) is pleased to advise shareholders and investors that the Company will be presenting as part of the free Broker Briefin
Slide 2: About Lithium
ASX ANNOUNCEMENT 12 August 2021 ASX.PSC FRA.5E8 XX November 2018 About Lithium For personal use only Lithium is a soft silvery-white metal which is highly reactive and does not occur in nature in its elemental form. In nature it occurs as compounds within hard rock deposits (such as Arcadia) and sal
Slide 3: Low-Cost, High-Purity Lithium
LOW-COST, HIGH-PURITY LITHIUM j August 2021 ASX:PSC | FRA:5E8
Slide 4: Important notices
Important notices Caution Regarding Forward Looking Information The information contained in this presentation or subsequently provided to any recipient of this presentation whether orally or in writing by or on behalf of Prospect Resources Ltd ("Prospect Resources or the Company’) or its respective
Slide 5: Prospect at a glance
Prospect at a glance Cota seucur Top shareholders ant construction completed o budget, to deliver technical gra es for market qualification 4 =| Dual-track Optimised Feasibility Study scheduled for 30 CY2021 with funding initiatives underway ‘ e- 70% LN Prospect Resources \ /
Slide 6: Lithium market momentum
Lithium market momentum EV adoption accelerating = EV adoption still in its infancy, Widening deficits expected from 2022 Global lithium demand though gathering momentum 200.0 Surplusiaencit 2,000" mChemicalindustral Consumer battery oo | mo | sesogeeqnamy seven 5 : 1.600 a Asian and European market
Slide 7: The world-class Arcadia Project
The world-class Arcadia Project Africa's most advanced lithium development vy Completion of Farvic transaction increases Prospects equity stake of Arcadia to 87% Y Close proximity and access to skilled labour force and requisite infrastructure Arcadia Lithium v Special Economic Zone accreditation pr
Slide 8: For personal use only
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Slide 9: Zimbabwe on the rise
Zimbabwe on the rise Foreign investment set to return Significant positive momentum over the last 12 months - Sharply lower inflation and relative currency stability - Government/monetary transparency and policy stability Mining is a key sector to the Government's 2030 vision; high significance of A
Slide 10: Pilot Plant producing samples
Pilot Plant producing samples Technical grade petalite for production qualification = DMS flowsheet delivers highest technical assurance * Delivering technical grade bulk samples for product qualification = Reduced metallurgical risk and increased confidence in existing technical study work outcomes
Slide 11: Optimised Feasibility Study
Optimised Feasibility Stidy = Dual-track study set for completion in 3Q CY2021 Study Manager - External, Lycopodium VLAN Prospect Resources Further level of technical rigour and specificity above DFS Delineates staged / direct pathway options with optimised capital / operating cost estimates Incorpo
Slide 12: For personal use only
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Slide 13: Low cost, high purity products
Low cost, high purity products Dual access to battery and high-value ceramics end markets * Arcadia premium products _ Spodumene projects operating cash cost (US$/t) - 6%Li,O spodumene conc. (Fe;O3 < 0.80%)- chemical grade — 800 - 4% LiO petalite conc. (Fe,O3 < 0.5%) - chemical grade 700 Be - 4%Li,O
Slide 14: The petalite opportunity
The petalite opportunity Premium market pricing and dynamics ‘Value in use’ to customer enables technical grade petalite to ‘Historical lithium concentrate pricing (US$/t)" fetch a premium vs chemical grade spodumene $1,400 90% = Petalite concentrate contains: 80% $1,200 ss - +4% LisO (equivalent to
Slide 15: For personal use only
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Slide 16: Arcadia: a highly strategic Li asset
Arcadia: a highly strategic Li asset = Ww Fully permitted, world-class Arcadia Lithium Project in southern Africa B Low cost, high purity lithium products with established offtake into Europe and Asia Y BB Cleat\pathway to production with optionality for low-capital modular development strategy or d
Slide 17: Nick Rathjen
Nick Rathjen For personal use only LN Prospect Resources
Slide 18: Prospect Resources
VLAN Prospect Resources 16
Slide 19: Appendix A: Mineral Resource and Ore Reserve estimates
Appendix A Mineral Resource and Ore Reserve estimates Mineral Resource Ore Reserve Measured 15.9 1.17% 121 189 42 Proved 11.3 1.28% 114 144 2.8 - Probable 26.1 1.20% 124 314 7.2 Indicated 45.4 1.10% 121 502 12.1 TOTAL 37.4 1.22% 121 457 10.0 Inferred 11.4 1.06% 111 121 2.8 TOTAL 72.7 1.11% 119 808 1
Slide 20: Appendix B: 2019 DFS outcomes
Appendix B [cetaeumptonremmy Mining 7 2019 DFS outcomes Processing (inclusive crushing) 736 General administration and selling costs 32 7 Cash operating costs (before tantalite credit and royalties and government Processing Plant Size 2.4Mtpa marketing costs) 335 Ore Reserve — 37.4Mt Less tantalum c
Slide 21: Appendix C: Peer comparative sources
Appendix C Peer comparative sources Firefinch YASX: FFX) Core Lithium. ASX: CXO) Prospect Resources (ASX: PSC) AVZ Minerals (ASX: AVZ) Liontown Resources (ASX: LTR) Galaxy Resources (ASX: GXY) Pilbara Minerals (ASX: PLS) ‘Mineral Resources (ASX: MIN) European Lithium, (ASX: EUR) lronRidge Resources
Slide 22: Appendix D: Spodumene concentrate opex after petalite credit
Appendix D Spodumene concentrate opex (after petalite credit) using 2019 DFS assumptions Average LoM COGS Spodumene US$268.00 Petalite chemical US$428.00 Petalite technical US$458.00 Petalite chemical Revenue per tonne US$483.00 Cost per tonne (US$428.00) contribution US$55.00 Total contribution per
Slide 23: Lithium product conversion to LCE
For personal use only Product Lithium Contained Conversion to LCE Lithium metal 100 5.319 Lithium oxide (lithia) 46.4 2.468 Chemical Lithium Carbonate 18.8 1.000 Lithium hydroxide 16.5 0.878 Lithium chloride 16.3 0.867 Spodumene (6% Li2O concentrate) 2.8 0.149 Mineral Petalite (4% Li2O concentrate)
Slide 24: Prospect Resources: Low-Cost, High-Purity Lithium
PROSPECT RESOURCES LOW-COST, HIGH-PURITY LITHIUM AUGUST 2021 ASX:PSC | FRA:5E8 e VLAN Prospect Resources ‘ospect Resources
Slide 25: The team to deliver
For personal use only The team to deliver Zed Rusike © Non-Executive 4 Director | Gerry Fahey Non-Executive Director Mark . Dev Shetty Wheatley Se } Non-Executive Non-Executive Chairman Henian Chen Non-Executive Director lan Goldberg Chief Financial Officer & Joint =, Company = Secretary Harry Greav
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