Cleantech Lithium Plc · LSE:CTL
Cleantech Lithium — Investor Presentation (May 2024)
34 slides from Cleantech Lithium's investor presentation, May 2024
Slide 1: Advancing sustainable lithium projects in Chile
AIM: CTL | OTCQX: CTLHF | FWB: T2N Company Presentation l May 2024 Advancing sustainable lithium projects in Chile BATTERY GRADE LITHIUM | POWERED BY RENEWABLE ENERGY | SUSTAINABLE EXTRACTION CleanTech Lithium | Company Presentation 2024 1
Slide 2: Scaling lithium production for the global EV and energy storage market
CleanTech Lithium (AIM: CTL | OTCQX: CTLHF | FWB: T2N) Scaling lithium production for the global EV and energy storage market 2 Feasibility stage Scoping studies show robust and 2 exploration economics for two projects, Chile – largest reserves stage projects combined post-tax NPV globally with pro-
Slide 3: Lithium demand rising strongly
Lithium demand rising strongly Market underpinned by demand for EV batteries The lithium market is expected to be in deficit from 2028 Demand set to grow by 30+% per annum (2022- 2030) – in line with rapid uptake of EVs and battery storage Outlook • Long term demand expected to exceed supply • Canac
Slide 4: Corporate Snapshot
Corporate Snapshot Overview Listings (AIM:CTL), (OTCQX:CTLHF), (FWB:T2N) Research BUY (PT | 200p Shares in issue 145,162,326 Canaccord Genuity for Laguna Verde) Share price (1 May 2024) 23.50p BUY (PT | 70p Fox Davies Capital in next 12 months) Cash (30 June 2023) £4.6M Debt (30 June 2023) Nil Major
Slide 5: The board who have scaled commercial projects
Backed by growing CTL's leadership team has extensive in-country and international experience team in Chile with the right skills to bring CTL’s projects The board who have scaled commercial projects into production Dr. Steve Kesler Gordon Stein Maha Daoudi Tommy McKeith Jonathan M-K Exec-Chairman +
Slide 6: Projects & Strategy
Projects & Strategy Drill rig in place at Laguna Verde, 2023 CleanTech Lithium | Company Presentation 2024 6
Slide 7: Our projects are in the lithium triangle
Projects - introduction Our projects are in the lithium triangle Laguna Verde is the flagship asset at Pre-Feasibility Study (PFS) stage Two scoping studies completed in 2023 with Laguna Verde and second asset Francisco Basin With a combined JORC compliant estimate of 2.72Mt LCE resource supporting
Slide 8: Laguna Verde
Project 1 Established infrastructure, Laguna Verde low CAPEX & OPEX Total JORC resource of 1.8 million tonnes LCE, 1.1mt M&I Active Q1/Q2 2024 drilling campaign to convert resources to reserves Scoping study with robust economics supporting 20,000 tpa LCE PFS underway, expected Q3 2024 217km2 licenc
Slide 9: Laguna Verde Economics
Laguna Verde Economics Scoping Study Summary from Jan 2023 Laguna Verde project to become a major supplier of battery-grade lithium Production Operational life Total revenues 20,000tpa > 30 US$6.3bn* LCE years IRR Post-tax NPV8 Net cashflow 45.1% US$215m – US$1.8bn 240m pa*# Capital cost Payback Low
Slide 10: Upcoming milestones for Laguna Verde
Advancing DLE lithium production in Chile Upcoming milestones for Laguna Verde • Resource evaluation • Scoping Study • PFS In progress • Operating contract (CEOL) In progress • Environmental Impact Assessment (EIA) In progress • Strategic partner agreements Post PFS • Definitive Feasibility Study Po
Slide 11: Francisco Basin
Project 2 Francisco Basin Second project – CTL’s new lithium discovery 2022 127km2 licence area - located within 100km of Laguna Verde with similar key infrastructure Water and power access nearby – 15km away from substation and Maricunga mine Average grade 207 mg/L Li Scoping study published Sept 2
Slide 12: Francisco Basin Economics
Francisco Basin Economics Scoping Study Summary from Sept 2023 Production Operational life Net revenues up to 20,000 +12 years US$2.5bn* tpa LCE IRR Post-tax NPV 8 Net cashflows US$193 43.5% US$1.1bn - 214m pa*# Capital cost Payback Low operating cost US$450m 2.6 years US$3,641/t Preliminary pump te
Slide 13: Exploration upside
Llamara and Salar de Atacama – Projects 3 & 4 map Exploration upside Llamara - early stage Salar de Atacama – new opportunity 605km2 Large basin 377km2 Latest project LICENCE AREA IN THE LITHIUM TRIANGLE LICENCE AREA IN LARGEST LITHIUM PRODUCING REGION Historical surface sampling indicate lithium Po
Slide 14: Accessing existing infrastructure and minimising water loss
Delivering the projects Accessing existing infrastructure and minimising water loss Access to renewable energy to power all production for green lithium production Chile’s existing power grid has one of the highest renewable energy contents in the world CTL plans to lock in a 100% renewable energy P
Slide 15: Funding strategy
Delivering the projects Funding strategy Deliver robust PFS: Completion of the PFS in 2024 to engage with strategic investors for offtake and project funding. Strategic Partners: Fund development via offtake, equity and debt, maximising value at each stage. Indicative example of funding structure: D
Slide 16: Cost curve advantage for brine-based lithium projects
Brine and hard rock lithium project costs Cost curve advantage for brine-based lithium projects Annual production in tonnes Brine Spodumene integrated Spodumene non-integrated Mica Lithium carbonate projects stand up much C1 costs include mining, processing, better than Spodumene projects given the
Slide 17: Direct Lithium Extraction
Direct Lithium Extraction Digital interpretation of a drilling well accessing the sub-surface aquifer at Laguna Verde. CleanTech Lithium | Company Presentation 2024 17
Slide 18: Efficiently adsorbing lithium from brine
Direct Lithium Extraction (DLE) Efficiently adsorbing lithium from brine Proven process, used for more than 20 years by Livent, Argentina and more recently in China Much higher recoveries than evaporation ponds Short production (1 to 2 days) vs evaporation ponds (12 to 24 months) Low environmental f
Slide 19: Our Pilot Plant in Copiapó
DLE moving into the mainstream Our Pilot Plant in Copiapó CTL’s Pilot Plant from Sunresin has finished construction and operational from Q1 2024 Blue columns are loaded with lithium adsorbent from Lanshen following positive DLE lab test results CTL has started to produce concentrated lithium eluate
Slide 20: DLE Pilot Plant Exceeding Expectations and Producing High Quality Eluate
DLE Pilot Plant Exceeding Expectations and Producing High Quality Eluate Results from May 2024 CleanTech Lithium Stages Lithium Concentrated 11.2X at Pilot Plant 3.6X 3.1X Conductive Energy + Forward Water Stages 196 mg/L 710 mg/L 2,194mg/L 94% LITHIUM ADSORPTION HIGH QUALITY 24m3 BATCHES OF ELUATE
Slide 21: Supportive Chilean government, promoting public-private partnerships
Chile: World’s Largest Lithium Reserves Supportive Chilean government, promoting public- private partnerships World’s National Let’s largest Government Lithium Invest in lithium pro DLE Strategy Chile reserves Historic and stable DLE makes lower Promotes environment Tax benefits for mining industry
Slide 22: Why CleanTech Lithium
Summary Why CleanTech Lithium Undervalued with an experienced team to deliver projects. Scoping studies show robust economics for two projects, Chile – largest reserves Chile’s next combined post-tax NPV ~US$3bn and IRR >43% globally with pro-DLE lithium producer gov’t, CEOLs submitted Direct Lithiu
Slide 23: Interested investors can contact CTL
Interested investors can contact CTL at: [email protected] AIM: CTL OTCQX: CTLHF CleanTech Lithium | Company Presentation 2024 23
Slide 24: Appendices
Appendices CleanTech Lithium | Company Presentation 2024 24
Slide 25: Chile has the largest reserves of lithium in the world
Global lithium production Chile has the largest reserves of lithium in the world Supportive Government will mean more lithium projects will need to come online to maintain levels of production Source: S&P Commodity Insights August 2023 link CleanTech Lithium | Company Presentation 2024 25
Slide 26: ESG-led approach
ESG-led approach We are committed to producing battery- grade lithium with an ESG-led approach Establishing DLE ESG Committee ESG reporting: method of created June 2023 to reference GRI sustainable Li support growth and principles and in production and deliver stakeholder time, EITI and ISSB supply
Slide 27: Senior management
Senior management Operational delivery with the right skills Claudio Campos Jason Baverstock* Alvaro Florez Sabine Macaya Geraldine Carmona Marcela Sepulveda Studies & Projects Executive Strategy Legal Manager Operations Finance Manager Community Manager & Development Manager Relations Rodrigo Rivas
Slide 28: DLE Development in China
DLE Development in China Visit to DLE operators in Nov 2023 CTL's senior leadership visited several DLE operations in China to see first hand commercial projects Companies including Sunresin, Lanshen and Jiuwu are forging ahead with lithium extraction from brine with no use of evaporation ponds Conf
Slide 29: Lithium Power International Comparison
Lithium Power International Comparison Key points: Total Licence Resources Feasibility Stage Method - Codelco, Chile´s state owned copper producer, has reached a Area LCE deal to buy ASX listed Lithium Power International (LPI) Lithium Power 30km2 2.9m tonnes DFS Evaporation - Codelco paid US$244m f
Slide 30: Regional Map of Lithium Projects
Regional Map of Lithium Projects CleanTech Lithium | Company Presentation 2024
Slide 31: Disclaimer
Disclaimer THIS PRESENTATION IS CONFIDENTIAL AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM CANADA (OTHER THAN TO CERTAIN PERSONS IN ONTARIO AND BRITISH COLUMBIA) , AUSTRALIA (other than to persons in Australia to whom an offer of
Slide 32: Disclaimer continued
Disclaimer continued While the information contained herein has been prepared in good faith, neither the Company, Canaccord, Fox-Davies nor any of their respective shareholders, directors, officers, agents, employees or advisers give, have given or have authority to give, any representations or warr
Slide 33: Disclaimer continued
Disclaimer continued To Subscribers in Canada (Provinces of Ontario and British Columbia only) Any recipient of this Presentation that is in, or subject to the securities laws of, the Province of Ontario hereby represents that it is a “accredited investor” as defined in National Instrument 45-106 Pr
Slide 34: Contact Us
Contact Us Jersey Chile Investor Relations CleanTech Lithium plc, de Carteret House, Lo Fontecilla 101 Felicity Winkles/ Philip Dennis/ Ali AlQahtani Castle Street, St Helier, Jersey, JE2 3BT. Office 716, Las Condes Celicourt Communications Santiago de Chile E: [email protected] E: [email protected]