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 |3 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 |4 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$5,000-8,000 /t ? Established process Evaporation + chemical process Concentration + roasting + chemical  1,800-3,000ppm Li Notes: a) Equity Research Reports b) Mine-gate product revenue. c) Company estimates d) Company estimates www.lithiumconsolidated.com |5 ASX-listed Lithium companies - Lithium brine sector is under-represented on the ASX Market capitalisation (A$ ‘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 |6 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 |7 Lithium Brine: geological model Target Lithium Brine reservoir Source: A Preliminary Deposit Model for Lithium Brines, 2013, USGS www.lithiumconsolidated.com |8 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 |9 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 | 11 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 | 13 Board of Directors PHOTO HERE PHOTO HERE PHOTO HERE PHOTO HERE 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. | 14 www.lithiumconsolidated.com Management team PHOTO HERE PHOTO HERE PHOTO HERE PHOTO HERE 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. | 15 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 | 16