Noram Lithium Corp · TSXV:NRM
Noram Lithium — Investor Presentation (December 2022)
32 slides from Noram Lithium's investor presentation, December 2022
Slide 1: Corporate Presentation December 2022
Corporate Presentation December 2022 TSXV: NRM | OTCQB: NRVTF | FRA: N7R
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains "forward-looking information "with in the meaning of Canadian securities legislation. All information contained here in that is not clearly historical in nature may constitute forward-looking information. Generally, such forward-looking informati
Slide 3: Lithium Commodity Supercycle / Perfect Storm
Lithium Commodity Supercycle / Perfect Storm Global Lithium-ion Battery Market Size in 2020 Projected CAGR from 2021 to 2028 Projected Market Size by 2028 ~US$75 BILLION ~+23% ~US$193 BILLION Source: www.globenewswire.com Feb 22, 2022 TSXV: NRM | OTCQB: NRVTF | FRA: N7R 3
Slide 4: Lithium Demand / Supply Crunch at our Doorstep
Lithium Demand / Supply Crunch at our Doorstep • Lithium deficit falls in 2024, as new projects come online, BUT without further investment will expand again in 2027. • Incorporating the demand from Electric Vehicles and Energy Storage Systems, Macquarie analysts believe that the additional demand w
Slide 5: The EV Revolution…
The EV Revolution… TSXV: NRM | OTCQB: NRVTF | FRA: N7R 5
Slide 6: Catalysts Driving the Li Market in North America
Catalysts Driving the Li Market in North America May 2022 APRIL 2022 MARCH 2022 JULY 2021 US$2.8 Billion Announced October 2022 TSXV: NRM | OTCQB: NRVTF | FRA: N7R 6
Slide 7: Industry Scramble for Lithium Assets (2021)
Industry Scramble for Lithium Assets (2021) M&A activity in the lithium space has been off the charts since 2021. China- based corporations has dominated buying into upstream assets, as well as mergers/investments between lithium players. The pool of advanced quality, independent assets/companies is
Slide 8: Low-Cost Sedimentary Extraction to Take Advantage
Low-Cost Sedimentary Extraction to Take Advantage • Minimal requirement for crushing / grinding. • Lithium mineralized Zeus sediment deposit, up to 100+m thickness, • Low stripping ratio. covered by a thin layer / veneer of 0m to 10m thickness. • Shallow, low- cost mining. • Limited deleterious or c
Slide 9: 2021 Corporate History / Project Activity
2021 Corporate History / Project Activity January April September •Reports initial success with •Engages ABH •Adam Falkoff joined the Board of chloride-based leaching of Engineering to Directors. lithium from clays complete Preliminary •Completes 5th resource model and achieving 95% Li into Economic
Slide 10: 2022/23 Milestones & Upcoming Catalysts
2022/23 Milestones & Upcoming Catalysts February March to June PENDING CATALYST •Noram Lithium Closes •Completes 12-hole infill drill program at Zeus, Hits Strategic US$14 Million highest lithium grades to date Financing at $0.825 per •Program designed to upgrade resource in 6th Resource •Noram to a
Slide 11: Strategic Investment Q1 2022 at $0.825/share
Strategic Investment Q1 2022 at $0.825/share Completed financing totaling US$14M Royalty and Equity Investment on February 25, 2022, with Lithium Royalty Corp. and Waratah Capital Advisors Ltd.: • Acquired ~16% of Noram’s issued shares. • 1% Gross Overriding Royalty (“GOR”) purchased by Lithium Roya
Slide 12: Corporate Overview
Corporate Overview • Jurisdiction: Nevada - ranked #1 in the world by Fraser Institute. • ZEUS PEA (After-Tax)**: US$2.67 Billion NPV (8%), 52% IRR, CAPEX US$528M, 40 Yr LOM. • 43-101 Resource (LCE)*: 1.8 MT Measured & Indicated; 3.9 MT Inferred. • Treasury: ~$15.3 million (as at October 31/2022). •
Slide 13: Capital Structure
Capital Structure Capital Structure* Dec. 30, 2021 to Dec. 30 2022 TSXV: NRM | OTCQB: NRVTF | FRA: N7R NRM Share Price** $0.74 Market Capitalization $66 M Volume (Millions Shares) Share Price CDN$/Share Enterprise Value $42 M Cash & Cash Equivalents $15.3 M Shares Issued 88.8 M Options 8.7 M Warrant
Slide 14: Noram Share Performance vs Peers
Noram Share Performance vs Peers (09/30/22 to 12/30/22) Noram ranked #2 in Share Price Performance over the last 90 days vs our peers in the lithium clay explorers and developers in North America. TSXV: NRM | OTCQB: NRVTF | FRA: N7R 14
Slide 15: Experienced Management & Board of Directors
Experienced Management & Board of Directors Sandy MacDougall – Founder, CEO & Director Anita Algie - Chair & CFO Sandy, Founder of Noram Lithium, is an Economics graduate of the University of Anita brings over 15 years of experience in management, listings, compliance, British Columbia has over 30 y
Slide 16: Experienced Management & Board of Directors
Experienced Management & Board of Directors Arthur Brown - Independent Director Cyrus Driver - Independent Director Art brings 36 years of business experience to Noram’s board. He has served on the boards of eight A chartered accountant, Cyrus was founding partner in the firm of Driver Anderson sinc
Slide 17: Zeus Property – Strategic US Location
Zeus Property – Strategic US Location ZEUS Tesla Lithium Ion Battery (LIB) Gigafactory, Adjacent to only Lithium Producer in United States: Location of the Zeus claim outline and 30 km east of Reno, Nevada: Albemarle's Silver Peak Operation drilling collars. 500,000 LIB/year in 2020 Lithium brine pr
Slide 18: Zeus Lithium Project Quick Facts
Zeus Lithium Project Quick Facts • Located in Clayton Valley, Nevada. • Next to extensive infrastructure including power and paved road access. • Strategically located adjacent to the only other U.S. Lithium producer – Albemarle Silver Peak. • 100% Owned (less 1% GOR) – 2800 acres or 146 placer clai
Slide 19: Zeus Lithium Claystone Deposit - New Resource Estimate
Zeus Lithium Claystone Deposit - New Resource Estimate* Measured & Indicated Resources: Large Increase in Tonnage in 2021 • 363 MT at 927 ppm lithium Million Li Grade Li Cutoff LCE LCE • 1.8 MT lithium carbonate equivalent (LCE) a 60% increase Tonnes (MT) (ppm) (ppm) (MT) % Increase Feb-20 213 976 3
Slide 20: Zeus Plan View Grades vs Cutoff at 400ppm
Zeus Plan View Grades vs Cutoff at 400ppm Plan view of lithium grades Plan view of the resource classifications at the 400 ppm Li cutoff TSXV: NRM | OTCQB: NRVTF | FRA: N7R 20
Slide 21: Projects Economics – NRM vs CYP @ US$9,500/t LCE
Projects Economics – NRM vs CYP @ US$9,500/t LCE Noram Lithuim Corp. Cypress Development Corp. (TSXV: NRM) – “PEA” (TSXV: CYP) – “PFS” NPV (8%) $1.3 Billion $1.03 Billion IRR 31% 25.8% Base Case Lithium Carbonate US$ 9,500 US$ 9,500 Payback Period 3.23 Years 4.4 Years Operating Rate 17,000 TPD 15,00
Slide 22: Project Design Assumptions – NRM vs CYP
Project Design Assumptions – NRM vs CYP Noram Lithuim Corp. Cypress Development Corp. (TSXV: NRM) – “PEA” (TSXV: CYP) – “PFS” Operating rate of 17,000 tpd Operating rate of 15,000 tpd • 6.2 million tpy mill feed • 5.5 million tpy mill feed @ @ 1093 ppm Li 1100 ppm Li • 40-year mine life • 40-year mi
Slide 23: Zeus Robust Preliminary Economic Assessment
Zeus Robust Preliminary Economic Assessment* US$14,250/tonne 40 Year Modelled LCE Price NPV Mine Life US$2.67 Billion 17,000 TPD After – Tax @ 8% Discount 3.23 Years Operating Rate Payback Period US $3,355/tonne US$528 Million Operating Cost IRR CAPEX 52% US$12.14 Billion After – Tax 31,900 tonnes L
Slide 24: Zeus Lithium Generalized Process Diagrams
Zeus Lithium Generalized Process Diagrams • Feed Preparation • Leaching • Filtration • Lithium Recovery • Feed material from the ROM stockpile to the plant after material passed through roll crushers and then stored in 400-tonne fine ore bins. • Material from bins fed into rotary attritors to disagg
Slide 25: PEA Metrics: NRM vs Peers (using Base Case Model)
PEA Metrics: NRM vs Peers (using Base Case Model) Noram Cypress Frontier European Ioneer Piedmont Lithium Galan Lithium Development Lithium Metals Ltd Lithium Americas Lithium Clayton Rhyolite Hombre Zeus PAK Cinovec Carolina Thacker Pass Valley Ridge Muerto LiCO3 LiCO3 LiOH LiOH LiOH/Boric LiOH LiC
Slide 26: PEA Metrics: NRM vs OPEX Cost Curve
PEA Metrics: NRM vs OPEX Cost Curve LCE Cost Curve 2025 Noram Note*: PEA OPEX US$3,355/t *Preliminary Economic Assessment Zeus Project, December 2021 ABH Engineering) As of November 30, 2021 TSXV: NRM | OTCQB: NRVTF | FRA: N7R 26
Slide 27: Strong Value Proposition – Market Capitalization
Strong Value Proposition – Market Capitalization Market Capitalization (CDN$M) vs. Global Lithium Explorers & Developers 6,000 Noram Rerate Opportunity through: 5,529 • Upgrade of Resource Model: Pending • Completion of PFS Market Capitalization (CDN$M) 5,000 • Ongoing Metallurgical Studies concurre
Slide 28: Strong Value Proposition – Pending Resource M&I Upgrade
Strong Value Proposition – Pending Resource M & I Upgrade 16,000 M&I Resource (KT LCE) vs. Global Lithium Deposits 14,000 13,700 12,000 Noram Note: M&I Resource (KT LCE) Currently upgrading existing Inferred 3.89 MT LCE 11,000 10,000 resource to increase existing M & I resource of 1.78 MT LCE in Q4
Slide 29: Peer EV US$ / Global Resource LCE Tonnes
Peer EV US$ / Global Resource LCE Tonnes Resource MT LCE Noram Cypress American Spearmint Bradda Head Jindalee Arizona (Grade & Drilling History) Lithium Development Lithium Resources Lithium Resources Lithium Measured 0.33 NIL 4.20 NIL NIL NIL NIL Indicated 1.45 6.28 4.63 1.37 0.086 2.00 0.15 Measu
Slide 30: Peer Comparison (EV$/ Global Resource T LCE)
Peer Comparison (EV$/ Global Resource T LCE) ($1428/T) American Lithium (15.5 Mt LCE) Ioneer Jindalee (14.1 Mt LCE) ($333/T) Global Resource Tonne LCE Arizona Lithium Cypress (7.2 Mt LCE) Noram (5.7 Mt LCE) Enterprise Value per Tonne LCE Spearmint (2.1 Mt LCE) Bradda Head ($23.3/T) American Ioneer (
Slide 31: Corporate Summary and 2022/23 Catalysts / Next Steps
Corporate Summary and 2022/23 Catalysts / Next Steps Quick Key Facts • 100%-control of its flagship high-grade Zeus Lithium project in Nevada. • Experienced management in engineering, geology, and capital markets. • Management and insiders control close 12% of shares issued. • Solid and tight share
Slide 32: Contact
Contact Suite 2150 – 555 West Hastings Street Vancouver, BC V6B 4N6 Canada www.noramlithiumcorp.com Peter A. Ball, President & COO [email protected] 778.344.4653 Sandy MacDougall Founder & CEO and Director C: 778.999.2159 TSXV: NRM | OTCQB: NRVTF | FRA: N7R 32
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