Announcement PDF Building Momentum June 2020 Diversified Minerals Explorer GOLD - COPPER - LITHIUM www.li3limited.com Gold - Copper - Lithium Li3 1 Important Notice ▪ Any material used in this presentation is only an overview and summary of certain data selected by the management of Lithium Consolidated Limited (“Li3”). ▪ The presentation does not purport to contain all the information that a prospective investor may require in evaluating a possible investment in Li3 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 Li3. Recipients of this presentation must make their own independent investigations, consideration and evaluation of Li3. ▪ Li3 recommends that potential investors consult their professional advisor/s as an investment in Li3 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, Li3 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. ▪ Competent Persons Statement 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 The scientific and technical information contained within this Presentation is based on, and fairly represents information prepared by Mr. Don Smith, a Competent Person who is a Member of the Australian Minerals future to any person. ▪ To the maximum extent permitted by law, neither Li3 nor, any affiliates, related bodies corporate and their Institute(Ausimm) and Australian Institute of Geoscience (AIG). Mr. Smith is the Chief Executive Officer of Lithium respective officers, directors, employees, advisors and agents, nor any other person, accepts any liability as to Consolidated Limited and has sufficient experience that is relevant to the style of mineralisation and type of deposit or in relation to the accuracy or completeness of the information, statements, opinions or matters (express or under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 implied) arising out of, contained in or derived from this presentation or any omission from this presentation or Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resource and Ore Reserves”. Mr of any other written or oral information or opinions provided now or in the future to any person. Smith consents to the inclusion in this presentation of the matters based on his information in the form and context in which it appears. Gold - Copper - Lithium 2 Li3 | Snapshot Projects Investment Case Structure Australia ASX : LI3 Gold Copper Lithium − Diversified explorer: Gold | Copper | Lithium − Australian and *African Projects − Tight capital structure Date 31/05/2020 − Energetic team Share Price A$ 0.021 − Data and success driven culture Shares On Issue 147.27m − Exciting targets Unlisted Options 41.4m − Exploration ongoing with newsflow pipeline Market Capitalisation 3.2m Cash @ March 31 2020 $465,000 − Unique opportunity to join emerging story Zimbabwe Lithium Mozambique Lithium Gold Debt 0 * Refer ASX release dated 11 June 2020 - Li3 enters Sale Agreement with Premier African Minerals for African Projects Gold - Copper - Lithium 3 Li3 | New Diversified Strategy Li3 Approach ▪ Speed − Big Data and technology assisted workflows − Rapid evaluation − Drill rigs ready to drill targets ▪ Focus − Diversified exploration: Gold | Base Metals | Lithium − Field work ongoing ▪ Commercial − Commercial principles applied to all work − Business can rapidly scale to development of discoveries Gold - Copper - Lithium 4 Li3 | WA Gold & Base Metal Projects Li3 Diversified Exploration Projects ▪ Western Australia Gold & Base Metals − 623km2 of gold and base metal prospects acquired (1) − Located in the Yalgoo / Mount Magnet districts of Western Australia − Accessible low-cost assets with near surface potential ▪ Priority Gold targets include: − High grade rock chips yet to be tested at depth: ▪ − 8gpt quartz vein reported at Warriedar (2) Historic drilling never followed up: ▪ 15m @ 2.33 gpt (including 7m @ 3.4gpt) at Euro (3) (1) : Li3 ASX Release dated 21 November 2019 - Lithium Consolidated to Acquire Warrigal Mining (2) : DMIRS WAMEX report A120485 (3) : DMIRS WAMEX report A48951 Outcropping Quartz lode with 8gpt samples at surface Gold - Copper - Lithium 5 Li3 | WA Gold & Base Metal Projects ▪ Area has a History − Substantial historic and contemporary mining and exploration − Yalgoo and Mount Magnet mining districts have proven endowments − Substantial potential remains ▪ Location − Proximal to Perth − Services and infrastructure − Lower cost exploration Gold - Copper - Lithium 6 Li3 | WA Gold & Base Metal Projects 333km2 93km2 granted tenure granted tenure Warriedar Project Messenger Project 177km2 20km2 pending tenure granted tenure Euro Project Range Project Li3 Yalgoo and Mt Magnet Projects Gold - Copper - Lithium 7 Li3 | WA Projects - Yalgoo The Forgotten Goldfield ▪ Yalgoo Mineral Field − Rich historic and modern mining history: high grade producer − 100km long belt with notable mineral occurrences every 1km − World class deposits every 10-20km ( gold, copper, zinc, tungsten and iron ore ) − Major infrastructure already in place ( rail, roads, power, communications, water ) − 400km from Perth ( low cost, high impact exploration ) ▪ Li3 Projects − >600km2 of highly prospective ground − 20-30km continuation of stratigraphy that host world class Golden Grove (Zinc/Copper/Silver/Gold) and Minjar (1MOz Au) mines − Large structures suitable for formation of major deposits Yalgoo mineral field simplified geology and large scale mines Gold - Copper - Lithium 8 Li3 | Warriedar Project - Overview Huge potential ▪ 333km2 of granted tenure ▪ Optionality of commodities and mineralization types ▪ Located within 20km of the Minjar and Golden Grove mines ▪ >25km of previously unrecognized greenstone and felsic volcanics highly prospective for gold and base metals ▪ 2x5km intrusive gold target zone ▪ Recently completed phase 1 exploration ▪ Further sampling and drilling planned for 2020 Warriedar project schematic geology. Li3 tenements in blue (white areas excluded) Gold - Copper - Lithium 9 Li3 | Warriedar Project - Meleya Zone A new history - a new discovery? ▪ Past − Historical maps and interpretations show the Warriedar area to be barren granites − Area remained unexplored − Li3Company modelling (2019) showed the possibility of greenstones and volcanic sequences ▪ Present − Fieldwork in 2020 showed − Outcropping 20-30km previously unrecognized stratigraphy capable of hosting world class mines − Geochemical anomalies proving rocks are metal bearing (1) ▪ Future Outcropping Polelle units and Golden Grove volcanics Gold - Copper - Lithium − Further fieldwork to rationalize geological detail − Drilling priority targets (1): Li3 ASX Release dated 24 March 2020 - Exploration update Warriedar Project Murchison Province WA 10 Li3 | Warriedar Project - Meleya Zone The next Golden Grove? ▪ 2020 exploration programs targeting Volcanogenic Massive Sulphide (VMS) ▪ Large scale 500m x 5000m spaced geochemical program ▪ Exciting Gold and Base Metal anomalies detected (1) ▪ Planned works for 2020/21 include: Copper ~ x 3.5km2 Cu Anomalous Area Gold − Geophysical data reprocessing − Infill geochemical sampling − Rab drilling − Targeted drilling ~ x 5.5km2 Au Anomalous Area (1): Li3 ASX Release dated 24 March 2020 - Exploration update Warriedar Project Murchison Province WA Meleya Zone Gold and Copper anomalies Gold - Copper - Lithium 11 Li3 | Warriedar Project - War West Zone Intrusive Gold ▪ High grade vein gold (8gpt) and surface gold ▪ 2020 exploration programs targeting Intrusive Relation Gold Systems (IRGS) ▪ Wide spaced 500m x 500m reconnaissance geochemical program conducted ▪ Large zone of highly anomalous indicator elements indicative of of IRG System were detected (1) ▪ Planned works for 2020 include: − Follow up on anomalous zones − Infill geochemical sampling − Drill target finalisation − Drilling (1): Li3 ASX Release dated 22 April 2020 Warriedar Exploration Update Large gold anomaly identified Warriedar schematic geology and IRGS indicator geochemistry (As Bi Mo Sb Te W) Li3 tenements in blue (white areas excluded) Gold - Copper - Lithium 12 Li3 | Messenger Project Further Golden Grove Potential ▪ 93km2 granted tenure ▪ Gold discovered in 1907 - Extensive artisanal gold production ▪ Minimal modern exploration ▪ Located near the EMR Golden Grove base and precious metal mine ▪ Golden Grove Unit outcrops (VMS potential) ▪ Outcropping ultramafic hosted quartz lodes (gold potential) ▪ Reconnaissance mapping conducted May 2020 - awaiting rock chip assays ▪ Planned works for 2020/21 include: − Geochemical survey − Geological modelling Messenger Project with magnetics, nearby deposits and location of May 2020 fieldwork Gold - Copper - Lithium 13 Li3 | Euro Project Near Surface Gold ▪ 63km2 on the south Yalgoo Greenstone belt ▪ Cross-cutting shear zones host significant mineralization ▪ Historical drill intercepts ▪ Recent discovery of ultramafic units with spinifex textures (indicative of nickel). HOLE ID DEPTH INTERVAL NR017 20m 15m @ 1.15g/t NR020 20m 8m @ 0.87g/t (including 5m @ 1.3g/t) NR018 15m 15m @ 2.33 g/t (including 7m @ 3.4g/t) (1) : DMIRS WAMEX report A48951 Euro Project with interpreted geology and nearby operations Gold - Copper - Lithium 14 Li3 | Range Project Prolific Gold Region ▪ 20km2 of granted tenure ▪ Located 5km from Mt Magnet (>6Moz historical production) ▪ Adjacent recent success stories ▪ 7km strike length of prime geology − Wide spread shear hosted quartz, intrusives and porphyry-style alteration ▪ Presence of historic workings confirm likely mineralised zones ▪ Planned works for 2020/21 include: − Infill geochemical sampling − Drill target finalisation − Shallow drilling Range Project with neighbouring exploration success Gold - Copper - Lithium 15 Li3 | Other Western Australian Projects Windarling Rocky Hill 29 km2 41 km2 granted tenure pending tenure Rocky Hill Project Windarling Project ● 100km from Perth ● South West Terrane greenstones and ● metamorphics ● Caranning 35 km2 Highly prospective for lithium and industrial pending tenure ○ Ramelius ASX:RMS Marda/Python (gold) ○ Mineral Resources ASX:MRD Windarling (iron) Part of the sought after Youanmi Terrane BIF and greenstone belt minerals Gold - Copper - Lithium ● Within 25km of major operations Caranning Project ● 40km from Norseman ● Northern Foreland intrusions ● Along strike from known gold occurrences ● Prospective for lithium and gold ● Pegmatite swarms prospective for lithium 16 Li3 | People & Culture - Board BRIAN MOLLER VINCENT MASCOLO ANDREW HAYTHORPE OWEN BURCHELL DON SMITH Non-executive Chairman Non-executive Director Non-executive Director Non-executive Director Managing Director Brian Moller specializes in capital markets, mergers and acquisitions. Vincent Mascolo is a qualified Mining Engineer with extensive experience in a variety of fields including, gold and coal mining, quarrying and civilworks. Andrew Haythorpe has 30 years experience in geology, funds management and has been a Director and Chairman of a number of TSX and ASX listed companies. Vincent has completed large scale infrastructure projects in the civil and construction industry, including construction and project management, engineering, quality control and environment and safety management. Andrew has been involved in over A$300 million of mergers, acquisitions and capital raisings. Owen Burchell is a Mining Engineer with 20 years of technical, operational and corporate experience including management positions at Rio Tinto, BHP and Barrick Gold through to numerous mining start-ups, closures and operational turnaround projects. Don Smith is a Geologist and entrepreneur with over 20 years in the mining industry. He has worked roles for junior through to multinational firms spanning over 10 countries and numerous commodities. Owen is currently a director of several private resource companies and draws on his extensive industry knowledge consulting in this sector. Don was a founding director of Platypus Resources and BK Gold Mines. More recently, as a director of Alderan Resources, he was involved in the development of the company’s assets and successful IPO. Brian has been a partner at the legal firm HopgoodGanim for 30 years and leads the Corporate Advisory and Governance practice. Brian acts for many publicly listed companies in Australia and regularly advises boards of directors on corporate governance and related issues. Brian is a Non-executive director of ASX listed DGR Global Ltd and Dark Horse Resources Ltd and Chairman of ASX listed Aus Tin Mining Ltd , Platina Resources Ltd , Lithium Consolidated Ltd and LSE and and TSX listed SolGold PLC. Vincent is a member of both the Australian Institute of Mining and Metallurgy and the Institute of Engineers of Australia. Vincent is the CEO of AIM listed IronRidge Resources Ltd and a Nonexecutive Director of ASX listed DGR Global Ltd. Gold - Copper - Lithium More recently Andrew was the Managing Director of Crescent Gold, and Managing Director of Michelago Resources. Andrew has a Bachelor of Science (Hons) from the James Cook University, is a Member of the Australian Institute of Company Directors (MAICD) and a Fellow of the Australian Minerals Institute (FAusIMM). Owen holds several post graduate qualifications from the West Australian School of Mines and is the holder of a First Class Mine Managers Certificate. He is a Member of the Australasian Institute of Mining and Metallurgy and a Member of the Australian Institute of Company Directors. Don has a Bachelor of Science from Newcastle University and a MBA from the Australian Institute of Business. He is a Member of the Australasian Institute of Mining and Metallurgy and a member of the Australian Institute of Geoscientists. 17 Li3 | People & Culture - Invested Team ▪ Team are shareholders − Directors among the top shareholders − Employees and consultants are shareholders − Team are incentivised to succeed ▪ The Right Team − The Directors have real experience, direct DIRECTORS INTERESTS (19 June 2020) industry expertise and strong corporate ties − − The right mix of skills and capability to generate DIRECTOR TOTAL SHARES PERCENTAGE shareholder value Mr B Moller 2,162,500 1.47 Team not afraid to get hands dirty, this is not a Mr A Haythorpe 342,000 0.23 lifestyle company Mr V Mascolo 1,050,000 0.71 Mr O Burchell 6,601,718 4.48 Mr D Smith 6,601,718 4.48 TOTAL 16,757,936 11.37 Gold - Copper - Lithium 18 Li3 | Commercial - Overview Date 19/06/2020 Share Price A$ 0.02 Shares On Issue 147.27m Unlisted Options 41.4m Market Capitalisation 3.2m Cash @ March 31 2020 $465,000 Debt 0 ASX:Li3 Jan May Feb June Mar Apr TOP 5 SHAREHOLDERS (19 June 2020) POSITION TOTAL SHARES PERCENTAGE 1 AUSTRALIAN CONSOLIDATED VENTURE CAPITAL PTY LTD 13.58 2 V-DOOR PTY LTD (Mr D Smith) 4.48 3 GALT INDUSTRIES PTY LTD (Mr O Burchell) 4.48 4 HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED 2.93 5 BIG SMOKEY EXPLORATION LLC 2.29 Gold - Copper - Lithium 19 Li3 | Future Developments Upcoming Newsflow ▪ Yalgoo ✓ Warriedar geochemistry program continued ✓ Targeted drilling ▪ Mount Magnet ✓ Geology and geochemistry program ✓ Shallow drilling ▪ Corporate ✓ Frequent interviews and presentations Gold - Copper - Lithium 20 Li3 | Appendix - Action onsite Gold - Copper - Lithium 21 Li3 | Appendix - Action during travel restrictions pXRF geochemistry was collected on all current and previous sampling and is being used in conjunction with existing data to further understand the geology and maximize targeting accuracy Gold - Copper - Lithium 22