Company Presentation
Released
Released
Announcement PDF
LITHIUM CONSOLIDATED MINERAL EXPLORATION LIMITED
ASX: Li3
Company Presentation
May 2017
Lithium brine exploration
www.lithiumconsolidated.com
Important notice
- Any material used in this presentation is only an overview and summary of certain data selected by the management of
Lithium Consolidated Mineral Exploration Limited (“LCME”).
- The presentation does not purport to contain all the information that a prospective investor may require in evaluating a
possible investment in LCME nor does it contain all the information which would be required in a disclosure document
prepared in accordance with the requirements of the Corporations Act and should not be used in isolation as a basis to invest
in LCME. Recipients of this presentation must make their own independent investigations, consideration and evaluation of
LCME.
- LCME recommends that potential investors consult their professional advisor/s as an investment in LCME is considered to be
speculative in nature.
- Statements in this presentation are made only as of the date of this presentation unless otherwise stated and the information
in this presentation remains subject to change without notice. Reliance should not be placed on information or opinions
contained in this presentation.
- To the maximum extent permitted by law, LCME disclaims any responsibility to inform any recipient of this presentation on
any matter that subsequently comes to its notice which may affect any of the information contained in this document and
presentation and undertakes no obligation to provide any additional or updated information whether as a result of new
information, future events or results or otherwise.
- No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the
information, opinions or conclusions contained in or derived from this presentation or any omission from this presentation or
of any other written or oral information or opinions provided now or in the future to any person.
- To the maximum extent permitted by law, neither LCME nor, any affiliates, related bodies corporate and their respective
officers, directors, employees, advisors and agents, nor any other person, accepts any liability as to or in relation to the
accuracy or completeness of the information, statements, opinions or matters (express or implied) arising out of, contained in
or derived from this presentation or any omission from this presentation or of any other written or oral information or opinions
provided now or in the future to any person.
www.lithiumconsolidated.com
Introduction
1. LCME has the largest lithium brine exploration land position in Nevada(a)
2. Nevada is a suitable setting for developing new lithium brine processing facilities
3. Lithium brine:
- Large-scale, low cost supply
- 66% of global resources(b)
- Lowest-cost source of Li2CO3(c)
Source:
a)
Company estimate
b)
Equity Research Reports and company estimates
c)
Lithium carbonate (Li2CO3 )
www.lithiumconsolidated.com
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Company overview
Share price (08/05/17)
$0.145
Shares on Issue (undiluted) (a)
89,972,122
Notes:
a)
Market capitalisation
Nevada: core assets
Nevada – Tonopah Lithium
- 1,241 placer claims
- 3.2 km from Silver Peak lithium
mine
Excludes 4.0m options (with an exercise price
of $0.10-$0.20) and 7.5m Performance Rights
with varying vesting and ASX escrow
conditions
$13.05m
Botswana
- 6 Prospecting Licences and 2
Applications over the
Makgadikgadi Pans in north
eastern Botswana
Australia
WA
- 10 Exploration Licence
Applications (444km²)
SA
Nevada – Teels
- 5 Exploration Licence
- 785 placer claims
Applications (5,680 km2)
www.lithiumconsolidated.com
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Why Lithium Brine?
- Lithium brine is 66% of global reserves
- Lithium brine is the lowest-cost source of Li2CO3
Brine
Hard rock
Clay
% of global reserves (a)
66%
26%
8%
Value of product (b) (c)
+US$8,500/t
+US$800/t
Typical grade
200-1,500ppm Li
1.0 – 1.5% Li2O
Cash production costs (US$/ t
Li2CO3) (d)
US$2,000-3,000/t
US$5,000-8,000 /t
?
Established process
Evaporation + chemical
process
Concentration +
roasting + chemical
1,800-3,000ppm Li
Notes:
a)
Equity Research Reports
b)
Mine-gate product revenue.
c)
Company estimates
d)
Company estimates
www.lithiumconsolidated.com
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ASX-listed Lithium companies
- Lithium brine sector is under-represented on the ASX
Market capitalisation (A$ ‘000)
Selected ASX-listed lithium companies
1000
900
Brine
800
700
600
Hard-rock
500
400
Clay
300
200
100
0
Notes:
a)
Estimated fully diluted market capitalisation
b)
Includes quoted and unquoted securities
c)
Based on share prices as of 08/05/17
www.lithiumconsolidated.com
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Nevada: key Lithium Brine region
- Nevada is 1 of 4 key Li brine producing
A
regions globally
- others: China, Chile and Argentina
A
C
C
- Nevada is a suitable setting:
- Li brine rich geology
- Proven Li chemistry : +40 years at Silver
Peak mine
- Low Mg impurity levels ( vs. Chile and
B
Argentina)
- Supportive Government and counties
- Fraser Institute ranking: Nevada is No 2
of 96 jurisdictions for investment
attractiveness`
Source: A Preliminary Deposit Model for Lithium Brines, 2013, USGS
www.lithiumconsolidated.com
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Lithium Brine: geological model
Target Lithium Brine
reservoir
Source: A Preliminary Deposit Model for Lithium Brines, 2013, USGS
www.lithiumconsolidated.com
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LCME Nevada Projects
- Large land positions
- Silver Peak mine is in the same geological
system:
1. Volcanic sources of lithium
mineralisation
2. Tectonic activity provides the
“plumbing” for lithium leaching,
transportation and brine concentration
3. Same lithium reservoir formation:
Bishop Tuff is a key lithium source at
Silver Peak Mine
www.lithiumconsolidated.com
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Tonopah Lithium Project
Tonopah Lithium Project
- Lithium migration channel is through the
South Big Smokey Valley basin
South Big Smoky Valley basin
- Tonopah Lithium Project southern
border is < 2 miles (4 km) from Silver
Peak mine
- Proof of lithium mineralisation:
- Big Smokey Valley water well
sampling
- +40 years of lithium brine
production at Silver Peak mine
Bouguer Gravity Image (LHS)
and Tilt Derivative Image (RHS)
of the Big Smokey Valley
showing the overall structural
geometry of the basement in the
Big Smokey Valley and
connection to Clayton Valley
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www.lithiumconsolidated.com
Clayton Valley basin
Teels Project
Teels Project
- Teels is located in Teels Marsh, an internally
drained basin located approximately 80km
NW of Silver Peak Mine
- Adjacent to U.S. Borax’s historic borate
mining operations
- Similar geology to Clayton Valley basin
- Claims surround a central claim block of
24km2 held by Dajin Resources Corp (TSX
listed company)
- Dajin has completed surface sampling and a
2D seismic survey
- Dajin Resources Corp has received drill
permit for Teels (announced 23 March 2017)
Bouguer Gravity image of Teels Marsh
www.lithiumconsolidated.com
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Board of Directors
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Jim
McKerlie
Brian
Moller
Vincent
Mascolo
Shanthar
Pathmanathan
Non Executive Chairman
Non Executive Director
Non Executive Director
Chief Executive Officer
A senior director with many years
experience on public company
boards.
Senior corporate partner at Hopgood
Ganim with 30 years experience.
Qualified mining engineer with
extensive experience in gold and
coal mining, quarrying and civilworks.
Director of various public and
private companies over the past 25
years.
14 years of corporate finance
experience. Previous roles with
Deutsche Bank's investment
banking division and with
Macquarie Group's investment
banking division in Australia and
New York.
Current Chief Executive Officer
and Managing Director of AIMlisted, IronRidge Resources Ltd.
Bachelor of Laws from the
University of Western Australia.
Current Non Executive Director of
Beach Energy Ltd (and previous
Chairman of Drillsearch for 8 years
before its merger with Beach Energy)
Former Partner of global advisory
firms (Deloitte and KPMG)
25 years of media experience.
Current Chairman of AIM-listed
SolGold plc and Non Executive
Director of several public companies.
Admitted to practice in Queensland
and Western Australia.
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www.lithiumconsolidated.com
Management team
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Shanthar Pathmanathan
Damien Reynolds
Duncan Cornish
Gordon Addie
Chief Executive Officer
Founder & Consultant
14 years of corporate finance
experience. Recently with Deutsche
Bank's investment banking division and
previously with Macquarie Group's
investment banking division in
Australia and New York.
Over 25 years junior resources
industry experience.
Chief Financial Officer and
Company Secretary
Vice President,
Exploration (North
America)
Bachelor of Laws from the University of
Western Australia.
Led companies that have raised in
excess of $350 million for exploration
and development activities globally.
Capital markets experience which
spans North America, Europe and
Australia.
Chartered Accountant with
significant experience as public
company CFO and Secretary, focused
on junior resources companies.
Over 20 years of experience both in
England and Australia, predominantly
with global firms Ernst & Young and
PWC.
Over 35 years of experience in
mineral exploration and mine
geology.
Co-founded Adriana Resources and
has been involved in lithium
exploration since 2009.
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www.lithiumconsolidated.com
Conclusion
1.
Lithium brine can provide large-scale, low cost
supply
2.
LCME is well positioned in Nevada
(Lithium Brine rich geology)
3.
Nevada is a suitable setting for developing new
lithium brine processing facilities
www.lithiumconsolidated.com
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