AN EMERGING LITHIUM PRODUCER FOCUSED ON NEAR-TERM PRODUCTION - - PowerPoint PPT Presentation

an emerging lithium producer
SMART_READER_LITE
LIVE PREVIEW

AN EMERGING LITHIUM PRODUCER FOCUSED ON NEAR-TERM PRODUCTION - - PowerPoint PPT Presentation

AN EMERGING LITHIUM PRODUCER FOCUSED ON NEAR-TERM PRODUCTION DEVELOPING LITHIUM PROJECTS IN ARGENTINA SEPTEMBER 2018 TSX-V: LSC CAUTIONARY NOTE ON FORWARD LOOKING STATEMENTS Certain statements contained in this presentation (Presentation)


slide-1
SLIDE 1

AN EMERGING LITHIUM PRODUCER

FOCUSED ON NEAR-TERM PRODUCTION

DEVELOPING LITHIUM PROJECTS IN ARGENTINA SEPTEMBER 2018 TSX-V: LSC

slide-2
SLIDE 2

1 L S C L I THIUM C ORPORATION Certain statements contained in this presentation (“Presentation”) constitute forward-looking information within the meaning of securities laws. All statements included in this Presentation (other than statements of historical facts) which address activities, events or developments that management anticipates will or may occur in the future are forward- looking statements, including statements as to the following: future sales, future targets and estimates for production and sales, statements relating to the business and future activities of, and developments related to, LSC Lithium Corporation (“LSC” or the “Company”) and its subsidiaries, ability to execute LSC’s growth strategy, the execution and timing of exploration work programs, future business acquisitions, results with respect to brine chemistries, grade and impurities, the continued growth of the lithium industry, demand, supply and uses of lithium in the global markets, the ability and timing of achieving production at any of the Company’s mineral exploration properties, ability and timing

  • f publishing NI 43-101 resources and technical reports for any of the Company’s mineral exploration properties, uncertainties relating to receiving mining, exploration,

environmental and other permits, approvals or community approvals in Argentina, availability of additional financing, anticipated results of exploration activities, the costs and timing for completion of capital projects necessary for any future operations, capital expenditures, operating costs, cash costs, recovery rates, grades and prices, business strategies and measures to implement such strategies, competitive strengths, estimated goals and plans for the Company’s future business operations and commodity prices

  • utlook.

Forward-looking statements are often, but not always, identified by the use of words such as ‘‘seek’’, ‘‘anticipate’’, ‘‘contemplate’’, ‘‘target’’, ‘‘believe’’, ‘‘plan’’, ‘‘estimate’’, ‘‘expect’’, and ‘‘intend’’ and statements that an event or result ‘‘may’’, ‘‘will’’, ‘‘can’’, ‘‘should’’, ‘‘could’’ or ‘‘might’’ occur or be achieved and other similar expressions. These statements are based upon certain reasonable factors, assumptions and analyses made by management in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. However, whether actual results and developments will conform with management’s expectations is subject to a number of risks and uncertainties, including factors underlying management’s assumptions, such as, risks relating to proposed acquisitions; volatility in lithium prices and the market for lithium; exchange rate fluctuations; the requirement for significant additional funds for development that may not be available; changes in national and local government legislation, including permitting and licensing regimes and taxation policies and the enforcement thereof; regulatory, political or economic developments in Argentina or elsewhere; litigation; title, permit or license disputes related to interests on any of the properties in which the Company holds an interest; excessive cost escalation as well as application, development, permitting, infrastructure, operating or technical difficulties on any of the Company’s properties; risks and hazards associated with the business of development and mining on any of the Company’s properties; terrorism, civil unrest or an outbreak of contagious disease; mining industry operational hazards and environment concerns; uncertainty of estimates of mineral resources and mineral reserves; an impairment or write-down of the Company’s mineral properties or assets forcing the Company to discontinue exploration and lose its interest in, or be forced to sell some of its properties. Additional factors and considerations are discussed in LSC’s Filing Statement dated January 27, 2017, as updated in other disclosure documents filed from time to time by the Company with Canadian securities regulatory authorities and available on SEDAR at www.sedar.com. Undue importance should not be placed on forward-looking information nor should reliance be placed upon this information as of any other date. The information and opinions contained in this Presentation are provided as at the date of this Presentation and are subject to change without notice. No representation or warranty, express or implied, is given by or on behalf of LSC, its shareholders, directors, officers or employees nor any other person as to the accuracy or completeness of the information or opinions contained in this Presentation. At this time, there is no forecast for when LCE production could commence from LSC properties. Further, production of LCE directly on LSC’s salars may not occur if LSC consummates its plans to supply brine to a planned regional processing facility at Enirgi Group Corporation’s Salar del Rincón project. The information is not designed to provide financial, tax planning, accounting, investment, business or legal advice in any way whatsoever. The reader should consult with a lawyer, accountant and other professionals in respect of the contents hereof. Furthermore, this Presentation is not, and under no circumstances is to be construed as, a prospectus, an advertisement or a public offering of securities, in the United States, Canada, or any other jurisdiction. No securities commission or similar authority of the United States, Canada, or any other jurisdiction has reviewed or in any way passed upon this document, and any representation to the contrary is an offence.

CAUTIONARY NOTE ON FORWARD LOOKING STATEMENTS

slide-3
SLIDE 3

2 L S C L I THIUM C ORPORATION Certain information contained in this Presentation concerning the lithium industry and industry comparables is based on data from publicly available industry sources, public filings

  • n SEDAR as well as market research and industry analysis and on assumptions based on data and knowledge of this industry which management believes to be reasonable.

However, there has been no independent verification of such data, which may prove to be imprecise, although generally indicative of relative market positions, market shares and performance characteristics. While management is not aware of any misstatements regarding any industry data or industry comparables presented herein, industry data is subject to change based on various factors. Qua uali lifi fied ed Pers rson

  • n

The material scientific and technical information relating to the Company’s properties contained in this Presentation has been reviewed and approved by Don Hains, P.Geo, a qualified person pursuant to National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“NI 43-101”). Tech echnic nical Re Report port Readers are referred to the technical report prepared under NI 43-101 for the Company with an effective date of December 31, 2016 entitled “Review of Four Lithium Exploration Properties in Argentina” available on SEDAR at www.sedar.com for more information on the Salinas Grandes, Pastos Grandes and Jama properties. Readers are referred to the technical report prepared under NI 43-101 for the Company with an effective date of February 28, 2018 entitled “Mineral Resource Estimate & Technical Report on the Salar de Pozuelos Project, Salta Province, Argentina” available on SEDAR at www.sedar.com for more information on the Pozuelos property. Readers are referred to the technical report prepared under NI 43-101 for the Company with an effective date of February 15, 2018 entitled “Technical Report on the Salar de Rio Grande Project, Salta Province, Argentina” available on SEDAR at www.sedar.com for more information on the Rio Grande property.

CAUTIONARY NOTE ON FORWARD LOOKING STATEMENTS

slide-4
SLIDE 4

3 L S C L I THIUM C ORPORATION

INCREASING RESOURCE BASE TO BUILD A LARGE LCE INVENTORY IN ARGENTINA

Maiden Mineral Resource for Pozuelos of 1.3 Mt lithium carbonate equivalent (LCE) at 387 mg/l Li Measured & Indicated and 497 kt LCE at 340 mg/l Li Inferred.

Maiden Inferred Mineral Resource for Rio Grande of 2.2 Mt LCE at 374 mg/l Li in top 100m.

Mineral Resources to be delivered at Salinas Grandes in Q3 2018 and Pastos Grandes, Pozuelos (upgrade) & Rio Grande (upgrade) in Q4 2018. LARGE, HIGH QUALITY LAND PACKAGE IN “LITHIUM TRIANGLE” TO EXPLORE

Land package of over 300,000 ha across multiple, non-contiguous salars with LSC having majority control in some salars.

Multiple major development projects: Pozuelos/Pastos Grandes (PPG Project), Rio Grande and Salinas Grandes. NUMEROUS NEAR-TERM DEVELOPMENT MILESTONES

NI 43-101 resource estimates expected to be delivered on four salars in 2018 (two have already been announced).

Advanced exploration and preliminary engineering work underway on Pozuelos/Pastos Grandes Project with PEA expected in Q4 2018.

PEA based on brine sourced from Pozuelos and Pastos Grandes salars, and commencing target production in 2021.1

Targeting LCE production from each salar starting from 2021 through 2024.1

COMPANY HIGHLIGHTS

Fast Tracking Development to Commence Production in 20211

LSC is trading at attractive valuation compared to its peers in Argentina.

  • 1. See “Cautionary Note on Forward-Looking Information” in this Presentation.
slide-5
SLIDE 5

4 L S C L I THIUM C ORPORATION

EV ADOPTION AND INCREMENTAL DEMAND FOR LITHIUM

LITHIUM – A CRITICAL BATTERY METAL

Lithium Demand to Increase Due to Robust Growth in Electric Vehicles

Sources: 1 J.P. Morgan, February 2018; 2 UBS, December 2017 (PV = Passenger Vehicles); Roskill, May 2017; BMO Capital Markets, October 2017.

EV SALES PROJECTED TO REACH ABOUT 16% BY 20252 LCE DEMAND FORECAST TO INCREASE 5X FROM 2016 TO 20252 EV BATTERY CELL COST TREND1

▪ Lithium-ion batteries have become the de facto choice of rechargeable

batteries due to their high energy density and light weight.

▪ As battery costs move towards US$100/kWh, electric vehicles (EV) are

estimated to reach cost parity with internal combustion engines (ICE).

▪ Government regulations to reduce air emissions, particularly in Europe

and China, are seen as another key driver of EV growth.

▪ EVs forecast to be about 16% of total passenger vehicle sales in 2025. ▪ Lithium demand projected to increase five-fold from 2016 to 2025. ▪ An estimated US$10-12 billion needs to be invested in upstream and

downstream projects to meet LCE demand forecasts.

287 231 186 157 132 113 96

50 100 150 200 250 300 350 2016 2017 2018 2019 2020 2021 2022

US$/kWh

0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 2 4 6 8 10 12 14 16 18 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

mm units % of global PV sales

100 200 300 400 500 600 700 800 900 1,000 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

kt LCE

20% CAGR

slide-6
SLIDE 6

5 L S C L I THIUM C ORPORATION

PROPERTY SUMMARY

Extensive Land Package over 300,000 ha with Major Development Projects in Four Salars

POZUELOS

21,425 ha (100% interest)

covers 99% of salar 1 2 PASTOS GRANDES

2,683 ha (100% interest) 3 RIO GRANDE

26,865 ha (100% interest)

covers 90% of salar surface 4 SALINAS GRANDES

88,472 ha (85% interest)

Salta Province

~45,000 ha

covers 95% of salar surface

Jujuy Province

~35,000 ha

covers 44% of salar surface

Total Portfolio1 is 306,347 ha (221,094 ha attributable to LSC)

Other properties: Jama, Guayatayoc, Western Claim Block, Arizaro2, Laguna Palar, Pocitos and others,

  • 1. Some properties are subject to pending applications for approval and there is no assurance that these applications will be approved and, if approved, the entire area applied for will be granted.
  • 2. LSC has entered into a 40/60 joint venture partnership on the Salar de Arizaro project with Litica Resources, a wholly owned subsidiary of Pluspetrol S.A., which is subject to completion of due diligence and the signing of definitive agreements.

1 2 4 3

slide-7
SLIDE 7

6 L S C L I THIUM C ORPORATION

SALAR CHEMISTRY

Comparison of the Major “Lithium Triangle” Salars

Salar Area Elevation MAP Salar Type Brine Type Cl Li K B km2 amsl (m) (mm) g/l g/l g/l g/l Arizario 1,600 3,500 50 Immature Na-Cl-SO4 190 0.08 4 0.12 Pocitos 435 3,660 60 Immature Na-Cl-SO4 170 0.09 4.8 1.32 Antofalla 540 3,580

  • ? Immature

Na-Cl-SO4 166 0.32 0.7 10.8 Rio

  • Gr

Gran ande de 156 156 3,703 703

  • Mi

Mixed ed Na Na-Cl Cl-SO4 169 169 0.37 37 6.9 0.34 34 Rincon 280 3,740 63 Largely Imm Na-Cl-SO4 195 0.40 7.5 0.33 Uyuni 10,000 3,653 150 Immature Na-Cl-SO4 190 0.42 8.7 0.24 Past astos

  • s Gr

Grand ndes es 35 35 3,818 818

  • Mi

Mixed ed Na Na-Cl Cl-SO4 183 183 0.47 47 4.8 0.8 Pozuel uelos 85 85 3,800 800

  • Ma

Matur ure Na Na-Cl Cl-SO4 185 185 0.49 49 5.2 0.74 74 Hombre Muerto W 350 3,750 77 Mature Na-Cl-SO4 195 0.68 6.3 2.06 Olaroz-Cauchari 550 3,900 130 Immature Na-Cl-SO4 180 0.71 5.9 1.00 Hombre Muerto E 280 3,750 77 Immature Na-Cl-SO4 140 0.78 5.9 0.62 Gu Guyat atayoc

  • c-Sal

alina nas Gr Gran ande des 2,500 500 3,400 400 180 180 Immatur ure Na Na-Cl Cl-Ca/S /SO4 190 190 0.78 78 9.8 0.23 23 Maricunga 90 3,700 35 Mixed Na-Cl-Ca/SO3 204 1.05 5.9 0.79 Atacama 2,900 2,300 25 Mature Na-Cl-Ca/SO4 210 2.55 27.4 0.52

Source: Houston et al. (2011) and modified to include LSC projects as a comparison. Average lithium grades are averages of all exploration and pump well data on the properties.

slide-8
SLIDE 8

7 L S C L I THIUM C ORPORATION

2018 2019 2020 2021 2022 2023 2024 2018 Activities

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2

PPG Project Pozuelos

Resource Definition ▪ 6 pump test well program ▪ 3 delineation resource drill holes ▪ Additional 30km seismic survey ▪ Upgraded Resource in Q4 2018 ▪ PEA to be completed in Q4 2018 Technical Studies Construction Target Production

Pasto Grandes2

Resource Definition ▪ Drilling; Maiden Resource in Q4 2018

Rio Grande

Resource Definition ▪ Drilling to test deeper levels of the

salar and porosity levels

▪ Upgraded Resource in Q4 2018 ▪ PEA planned for H1 2019 Technical Studies Construction Target Production

Salinas Grandes

Resource Definition ▪ Work with local communities ▪ Drilling in three locations ▪ Gravity, VES and CS-ATM/TEM work ▪ Maiden Resource in Q3 2018 Technical Studies Construction Target Production

Ramp-up

ON THE PATH TO PRODUCTION1

Rapidly Advancing Exploration Programs at Multiple Projects Simultaneously

Steady-State Ramp-up Steady- State

  • 1. Completion of the activities on the timeline above are estimates made by LSC management based upon their current assumptions. This page contains “forward-looking information” and readers are referred to the “Cautionary Note on Forward-Looking Information”

in this Presentation. Risks include, but are not limited to, receipt of necessary permits to undertake the work, successful results from earlier activities, the ability of the Company to raise necessary financing, etc. The timelines above do not imply that the Company has made a decision to advance any project beyond the current level of activity, and certainly has not decided to place a property into production prior to completion of a DFS and a decision by the Board of Directors of the Company to initiate construction.

  • 2. Pasto Grandes is to be developed jointly with Pozuelos. Please see the schedule for Pozuelos for the timing of Technical Studies, Construction and Target Production.

Ramp-up

slide-9
SLIDE 9

8 L S C L I THIUM C ORPORATION

Combined brine resources at Pozuelos and Pastos Grandes to provide significant scale for target production.1

Proposed 17km pipeline connection between the two salars with complementary brine chemistry will provide

  • ptimization opportunities.

Geotechnical conditions at Pozuelos support construction of ponds on the salar.

Significant advance in project infrastructure: ᅳ Gas distributor allocated capacity to PPG on the Fenix gas line 20km west of the salar. ᅳ Three sources of fresh water identified at Pozuelos. ᅳ 40 man exploration camp completed, designed for expansion to future operations. ᅳ Railway located 55km north-west of the salar.

GHD Limited appointed as lead engineer for the PEA and PFS.

Environmental Baseline Studies completed at both salars. On track to submit EIS for production before year end.

POZUELOS & PASTOS GRANDES (PPG PROJECT)

Salta, Argentina

OVERVIEW

  • 1. Mineral Resource estimate for Pozuelos announced on February 28, 2018 (full details are contained in the Appendix). Mineral Resource estimate to be delivered at Pastos Grandes in Q4 2018.
  • 2. See “Cautionary Note on Forward-Looking Information” in this Presentation.

Gas pipeline Roads Railroad Powerline

Source: LSC Lithium

Key

PEA in 2018 → PFS in mid-2019 → Production Target 2021.2

slide-10
SLIDE 10

9 L S C L I THIUM C ORPORATION

100% interest in 21,425 ha; Control 99% of the salar.

NI 43-101 Resource1: Upgrade expected in Q4 2018.

  • Measured & Indicated: 1.3 Mt LCE at 387 mg/l Li
  • Inferred: 497 kt LCE at 340 mg/l Li

Mineral resource estimate based on 13 resource delineation drill holes amounting to 1,789m and two pump test wells.

Mineral resource is present within 1m of the salar surface with additional potential below the current level of drilling.

Grades consistently 500 to 600 mg/l Li in salar nucleus.

Excellent Relative Brine Release Capacity (RBRC) values peaking at 33% in top 15m of the deposit.

Favourable brine chemistry with low Mg:Li ratio (typically <6:1 Mg:Li) and low sulphates.

Three of the six planned pump tests completed with grades

  • f up to 731 mg/l Li from well SP-2017-10W.

Drilling of 3 additional resource delineation holes began in July 2018. Additional 30km seismic survey near completion.

POZUELOS

Salta, Argentina

OVERVIEW

  • 1. Mineral Resource estimate as at February 28, 2018 (full details are contained in the Appendix). Mineral resources are not mineral reserves and do not indicate economic viability.
slide-11
SLIDE 11

10 10 L S C L I THIUM C ORPORATION

POZUELOS

Pump Test Work in 2017 & 2018

W1-35: 35m well

100m well 35m well 90m well

W2-90: 90m well SP-2017-10W: 100m well

▪ 30 days pump test ▪ Flowrate: 35 m3/hr ▪ Avg Lithium: 591 mg/l ▪ Mg/Li ratio: 4.1 ▪ 15 days pump test ▪ Flowrate: 25 m3/hr ▪ Avg Lithium: 548 mg/l ▪ Mg/Li ratio: 5.1 ▪ 48 hours pump test ▪ Flowrate: 40 m3/hr ▪ Avg Lithium: 731 mg/l ▪ Mg/Li ratio: 6.1

slide-12
SLIDE 12

11 11 L S C L I THIUM C ORPORATION

100% interest in 2,683 ha; 75% of LSC tenements are on the salar surface.

NI 43-101 Resource: Expected in Q4 2018.

The portion of Salar de Pastos Grandes not controlled by LSC with an approximately equivalent surface area has reported a Measured & Indicated Mineral Resource1 of over 2 Mt LCE and an average grade of 445 mg/l Li.

PASTOS GRANDES

Salta, Argentina

OVERVIEW EXPLORATION PROGRAM

Five drill hole program to be completed in Q4 2018.

  • SPG-2017-02B: consistent Li mineralization to depth of

512m; average Li grades returned a peak of 511 mg/l Li.

  • SPG-2017-04A: peak value intersected of 528 mg/l Li

and remains open at depth.

  • SPG-2017-05B: averages 569 mg/l Li over 430m; peak

value intersected of 637 mg/l Li and open at depth.

  • SPG-2018-01: averages 491mg/l down to a depth of

474.6m below collar.

15.372 line km seismic survey completed in 2Q 2018.

  • 1. Technical report prepared by Millennial Lithium Corp. dated January 2, 2018 with an effective date of December 22, 2017 and filed under Millennial Lithium Corp.’s profile at SEDAR. The mineralization on the Millennial tenements

may not be representative of the potential mineralization on the LSC tenements.

slide-13
SLIDE 13

12 12 L S C L I THIUM C ORPORATION

100% interest in 26,865 ha; Covers 90% of salar surface and nucleus.

NI 43-101 Resource1: Upgrade expected in Q4 2018.

  • Inferred: 2.19 Mt LCE at 374 mg/l Li

The top 50m amounting to 1.4 Mt LCE at 338 mg/l Li and the lower 50-100m amounting to 815 kt LCE at 410 mg/l Li.1

Lithium in brine bearing formations indicated to 500m+ depth.

Historic and current Phase 1 drilling is only to 100m.

Drilling to test deeper zones expected to start shortly.

Three former production wells (150m3/hour – currently closed, under rehabilitation) and an established camp on site.

Potential for sodium sulphate and gypsum by-product credits. Past sodium sulphate producer.

RIO GRANDE

Salta, Argentina

OVERVIEW

  • 1. Mineral Resource estimate as at February 15, 2018 (full details are contained in the Appendix). Mineral resources are not mineral reserves and do not indicate economic viability.
slide-14
SLIDE 14

13 13 L S C L I THIUM C ORPORATION

CS-AMT geophysical exploration, twin drilling and pumping tests completed last year.

Phase 1 eight hole drill program confirmed wide spread lithium mineralisation:

  • Drill hole RG-2017-24T returns range of 375 mg/l Li to

657 mg/l Li over 90m.

  • Drill hole RG-2017-7T returns range of 384 mg/l Li to

535 mg/l Li over 89m.

  • Drill hole RG-2017-1T returns range of 385 mg/l Li to

411 mg/l Li over 86m.

  • Drill hole RG-2017-22T returns range of 356 mg/l Li to

385 mg/l Li over 92m.

  • Drill hole RG-2017-27T returns range of 327 mg/l Li to

433 mg/l Li over 74m.

Upgraded and expanded Mineral Resource in 2018.

PEA for Rio Grande planned for H1 2019.

RIO GRANDE

Salta, Argentina

EXPLORATION PROGRAM

slide-15
SLIDE 15

14 14 L S C L I THIUM C ORPORATION

CS-AMT survey indicated brine bearing lithologies to 500m+ depth.

Two deep seated depositional centers identified.

Historic and Phase 1 drilling is to 100m.

Phase 2 exploration program will test deeper levels of the salar and porosity levels.

Lithium grades tend to improve between 50-100m below surface, which indicates potentially improved grades at depth.

41.73 line km seismic survey results suggest the occurrence

  • f potential brine hosting lithologies at depth.

RIO GRANDE

Salta, Argentina

CS-AMT & SEISMIC SURVEYS

slide-16
SLIDE 16

15 15 L S C L I THIUM C ORPORATION

85% interest in 88,472 ha; LSC is the operator.

  • 100% interest in 60,947 ha.
  • 51% interest in JV with Dajin Resources over 27,525 ha.

NI 43-101 Resource: Expected in Q3 2018.

Control 95% of the salar surface on the Salta side and 44% of the salar surface on the Jujuy side and the alluvial fans.

Positioned to be the sole operator in the salar.

Recent surface sampling results support the potential for a large scale, high-grade lithium operation.

  • Peak grade returned of 2,736 mg/l Li.
  • 80% of assay results returned grades above 500 mg/l Li.

Excellent access and local infrastructure - main highway crosses the salar and main gas pipeline runs north of the salar.

Brine chemistry with low Mg:Li ratios and good K:Li ratios.1

Separate exploration and development programs for Salta and Jujuy since each have their own regulatory framework.

SALINAS GRANDES

Salta and Jujuy, Argentina

OVERVIEW

  • 1. Sampling in 2010 by Enirgi Group on the Enirgi Group tenements on the salar generated 237 samples with a maximum value of 3851 mg/l Li and a minimum value of 8 mg/l Li. Average values for the various Enirgi Group tenements on the salar

ranged from a low of 265 mg/l Li (19 samples) to a high of 1595 mg/l Li (76 samples). Other results showed average values of 594 mg/l (41 samples), 1026 mg/l (28 samples), 928 mg/l (25 samples), 915 mg/l (27 samples), and 440 mg/l (22 samples). There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in a mineral resource being delineated.

slide-17
SLIDE 17

16 16 L S C L I THIUM C ORPORATION

Prior work included surface sampling, 47 auger holes (depths between 4 and 20m), 12 diamond drill holes (average depth

  • f 71.4m) and pumping tests.

Shallow inferred resource estimate of 239,200 tonnes LCE and 1.03 million tonnes of potash (KCl) over 11,620 hectares.

Resource estimate based on a boundary cut-off grade of 1,000 mg/l and an average specific yield of 4.1% to a depth

  • f 13.3m.

SALINAS GRANDES

Salta and Jujuy, Argentina

PRIOR EXPLORATION WORK BY OROCOBRE1

  • 1. Orocobre Limited completed a NI 43-101 technical report with an inferred mineral resource estimate on its Salinas Grandes tenements in 2013 (see Technical Report on the Salinas Grandes Lithium Project – April 16, 2012, amended August 12,

2013, filed under Orocobre Limited’s profile on SEDAR). LSC considers the Orocobre resource estimate to be illustrative of the prospectivity of the Salinas Grandes salar. However, LSC is not considering the historical Orocobre resource estimate as a current resource estimate and is not relying on the historical resource estimate as a current resource estimate until such time as a Qualified Person has reviewed and confirmed the data. LSC is undertaking an exploration program involving sampling, drilling and pumping tests to develop a current resource estimate in conformance with NI 43-101.

LSC has completed its verification program of Orocobre surface pit sampling assay results and auger hole assay results.

LSC plans to commence a shallow core sampling program in Q3 2018. LSC CONFIRMATION OF HISTORIC WORK BY OROCOBRE

Average lithium grade was 795 mg/l.

Average potassium grade was 9,547 mg/l.

Li and K concentrations are elevated in the upper 10-15m.

slide-18
SLIDE 18

17 17 L S C L I THIUM C ORPORATION

~45,000 ha in the centre of and in the alluvial fans of the salar in Salta.

Control 95% of the Salta side of the salar surface.

Orocobre NI 43-101 report indicates potential for productive sand layers in the northern and western part of the salar on the Salta side extending into the alluvial fan.1

Brine chemistry shows low Mg:Li ratio and favourable K:Li ratio.2

There are four trenches on the Salta side which can be rehabilitated.

SALINAS GRANDES - SALTA

Salta, Argentina

OVERVIEW EXPLORATION PROGRAM

LSC’s work with local communities in coordination with the State allowed exploration activities to commence in 2017.

Of the 53 shallow pit samples taken, 80% returned grades in excess of 500 mg/l Li, 44% in excess of 1,000 mg/l Li and 13% over 1,500 mg/l Li.

  • 1. Orocobre Limited NI 43-101 technical report on its Salinas Grandes tenements in 2013 (see Technical Report on the Salinas Grandes Lithium Project – April 16, 2012, amended August 12, 2013, filed under Orocobre Limited’s profile on SEDAR).
  • 2. Sampling in 2010 by Enirgi Group on the Enirgi Group tenements on the salar generated 237 samples with a maximum value of 3,851 mg/l Li and a minimum value of 8 mg/l Li. There has been insufficient exploration to define a mineral resource

and it is uncertain if further exploration will result in a mineral resource being delineated.

slide-19
SLIDE 19

18 18 L S C L I THIUM C ORPORATION

~35,000 ha in the centre of and in the alluvial fans of the salar in Jujuy.

Control 44% of the Jujuy side of the salar surface.

Large portion of the salar is controlled by local cooperatives.

Comparable geology & brine chemistry to Salta side of salar.

Drill holes can be used to test the potential of the alluvial fan.

Government in Jujuy promoting concept of one operator on the salar. LSC is the dominant tenure holder on the salar.

SALINAS GRANDES - JUJUY

Jujuy, Argentina

OVERVIEW EXPLORATION PROGRAM

In 2017, LSC received approval to commence geophysical exploration work and surface sampling on the San Jose and Navidad concessions.

Of the 25 shallow pit samples taken, 60% returned grades in excess of 500 mg/l Li and 8% in excess of 1,000 mg/l Li. Peak grade returned of 1,353 mg/l Li; average grade 591 mg/l Li.

2018 work program includes gravity, VES and CS-ATM/TEM work to define basin dimensions and structure and aquifer

  • zones. This will be followed by drilling in three locations.
slide-20
SLIDE 20

19 19 L S C L I THIUM C ORPORATION

Pozuelos-Pastos Grandes

  • Supporting improvements in local education and waste disposal;

training and hiring local workers.

Rio Grande

  • Supporting and developing local suppliers and working to

enhance tourism in the area.

Salinas Grandes

  • Actively working with ten communities in Salta province and four

communities in Jujuy province.

  • Five employees working full time on social/community

engagement, with a CSR office in San Antonio de los Cobres.

  • Assisting in the development of the local hospital in San Antonio

de los Cobres, including work on pre-employment health analysis.

  • Developing local suppliers, supporting infrastructure and training.

STRONG COMMUNITY SUPPORT

LSC is focused on transparency and ensuring local communities receive fair share of benefits. LSC is Active in Local Communities and Has Earned Strong Support for Its Operations

COMMUNITY OUTREACH PROGRAMS

slide-21
SLIDE 21

20 20 L S C L I THIUM C ORPORATION

PRO FORMA CAPITAL STRUCTURE

PRO FORMA SHARE CAPITAL - POST RIGHTS OFFERING1 Symbol TSX.V: LSC Share Price (August 16, 2018) C$0.475 Market Capitalization C$79 million Shares Outstanding 165.4 million Options / Warrants 24.5 million Fully-diluted Shares Outstanding 189.9 million NEAR-TERM CATALYSTS Salinas Grandes NI 43-101 Resource Q3 2018 Pastos Grandes NI 43-101 Resource Q4 2018 Pozuelos Upgraded NI 43-101 Resource Q4 2018 PEA on Pozuelos-Pastos Grandes Project Q4 2018 Rio Grande Upgraded NI 43-101 Resource Q4 2018 PEA on Rio Grande H1 2019

  • 1. LSC is shown pro forma of US$7 mm (C$9.2 mm) Rights Offering announced on August 16, 2018. LSC is

planning to offer an aggregate amount of up to 22,988,000 Units at a price of C$0.40 per Unit, with each Unit comprised of one share and one-half of one share purchase warrant. Each whole warrant will entitle the holder to purchase one share at a price of C$0.55 for a period of 18 months from closing of the Rights Offering.

FINANCIAL INFORMATION2 Cash & Marketable Securities US$6.7 million Book Value of Exploration and Evaluation Assets US$103.6 million

  • 2. As at May 31, 2018.
slide-22
SLIDE 22

21 21 L S C L I THIUM C ORPORATION

MANAGEMENT TEAM

Ian Stalker Chief Executive Officer

A senior international mining executive with over 45 years of experience in resource development, mine construction and

  • perations.

Lincoln Greenidge Chief Financial Officer

A senior finance executive with over 30 years of experience in corporate finance, audit, manufacturing and mining.

Former VP, Finance & Controller of Enirgi Group and LeadFX Inc. and Controller of HudBay Minerals and IAMGOLD. Carlos Galli Chief Operating Officer

Experience in the construction and management of a safe and sustainable lithium carbonate plant operation in the Puna plateau of Argentina, which delivered product to five countries. Rodrigo Castañeda EVP Administration

Over 10 years of experience as a legal advisor in South America’s public and private mining sector.

Has published several papers on Argentina’s mining industry. Mike Booyens VP Exploration

Over 20 years of experience in mining and exploration geology.

Former VP Geology & Exploration of AREVA Res Southern Africa, and COO of two private junior exploration companies. Paul Kluge Project Director

Over 15 years of experience in mining studies from scoping studies to feasibility studies and implementation.

Former Project Manager for definitive feasibility study of US$2 billion potash project.

COMPANY MANAGEMENT

BOARD OF DIRECTORS

Stephen Dattels Co-Founder and Chairman

A seasoned senior mining executive and resource financier.

Founded and/or financed numerous mining ventures in several continents.

Senior executive and director of Barrick during its formative years. Robert Metcalfe Non-executive Director

Lawyer/former senior partner with Lang Michener LLP and President/CEO of Armadale Properties Limited.

Board director of numerous public natural resource companies – engaged in many corporate reorganizations and financings across all sectors.

  • J. Trevor Eyton

Non-executive Director

Served as a Member of the Senate of Canada from 1990 until his retirement in 2009.

Former CEO and Chairman of Brascan Limited (now known as Brookfield Asset Management). Bryan Smith Non-executive Director

Over 30 years of experience in the Canadian securities industry.

Co-founded Burgundy Asset Management in 1990. Cheoll Ho Ghim Non-executive Director

Seasoned senior mining executive with an equity capital markets background in Asia.

Worked as an investment banker for Deutsche Bank, BNP Paribas and STIC Investment Inc. in Asia. John Hick Non-executive Director

Senior management and/or board director of numerous publicly listed mining companies since 1981.

Consults with companies on corporate restructurings, acquisitions, financings and executive management.

Financial & Technical Experience to Lead LSC to Become a Producer of High Quality Lithium

slide-23
SLIDE 23

22 22 L S C L I THIUM C ORPORATION

INVESTMENT HIGHLIGHTS

Rapidly Advancing High-Quality Lithium Brine Projects to Production

Major development projects in the heart of the “Lithium Triangle” in Argentina, with an industry-leading land package in excess of 300,000 ha.

Focused on becoming a near-term producer, with targeted LCE production at each salar starting from 2021 through 2024.1

Extensive exploration program underway, with numerous near- term development milestones.

Strong management and Board of Directors with a track record of value creation in the mining industry.

Technical team with a combination of experience, local knowledge and industry expertise.

Building good relationships with local communities and coordinating with local governments.

Robust lithium market outlook with demand expected to increase five-fold from 2016 to 2025, driven by electric vehicle adoption.

  • 1. See “Cautionary Note on Forward-Looking Information” in this Presentation.
slide-24
SLIDE 24

23 23 L S C L I THIUM C ORPORATION

CONTACT INFORMATION

40 University Avenue, Suite 605 Toronto, ON Canada M5J 1T1 +1 416 304 9384 info@lsclithium.com LSCLITHIUM.COM

Corporate Communications and Investor Relations

slide-25
SLIDE 25

24 24 L S C L I THIUM C ORPORATION

APPENDIX

ADDITIONAL INFORMATION

slide-26
SLIDE 26

25 25 L S C L I THIUM C ORPORATION

MINERAL RESOURCE ESTIMATES*

RIO GRANDE MINERAL RESOURCE ESTIMATE5 AS AT FEBRUARY 15, 2018 Classification and Zone Assay Value Total Brine Volume (B m3) RBRC2 (%) Available Brine Volume (MM m3) Li K tonnes (as metal) LCE3 (k tonnes) Inferred Li (mg/l) Ca (mg/l) K (mg/l) Mg (mg/l) SO4 (mg/l) Top 50m, 5km radius of pump well 338 3,570 6,170 1,320 29,100 4.170 13.5 563.049 190.3 1,013.0 Remaining area, top 50m 338 3,570 6,170 1,320 29,100 2.898 6.95 201.432 68.1 362.4 Subtotal 338 3,570 6,170 1,320 29,100 7.069 10.81 764.482 258.4 1,375.4 Lower 50m – 100m 410 710 7,520 4,920 34,130 7.069 5.28 373.245 153.0 814.6 Tota

  • tal Inf

nferred 374 374 2,149 6,845 3,129 31,615 14.138 8.05 1,137.727 411.4 2,190.04

  • 1. Resources estimated using CIM 2014 resource classification definitions. A cut-off grade of 100 mg/l Li was applied.
  • 2. Relative Brine Release capacity (RBRC) value is the weighted average for the resource classification category.
  • 3. LCE (Li2CO3) equivalent. Li to Li2CO3 conversion factor 5.323.
  • 4. Rounded to nearest thousands.
  • 5. Resources estimated using CIM 2014 resource classification definitions. A cut-off grade of 100 mg/l Li was applied. The hydraulic parameters of the resource area suggest that it is reasonable to expect brine extraction by a conventional production

wellfield at a commercially viable rate, while the geochemical characteristics of the brine suggest that conventional processing techniques may be employed to produce saleable lithium products in an economically profitable manner. These processing techniques are employed in lithium brine operations in Chile, the USA and China. * Pozuelos Mineral Resource estimate was contained in LSC news release on March 5, 2018 and the Rio Grande Mineral Resource estimate was contained in LSC news release on February 15, 2018. Mineral resources which are not Mineral Reserves do not have demonstrated economic value. There is no assurance that additional exploration will result in the conversion of Mineral Resources to Mineral Reserves. Inferred Mineral Resources are considered as too speculative to have economic criteria applied to them. There is no assurance that additional exploration will result in the conversion of Inferred Mineral Resources to Indicated or Measured Mineral Resources. Figures may not add due to rounding.

POZUELOS MINERAL RESOURCE ESTIMATE1 AS AT FEBRUARY 28, 2018 Assay Value Total Brine Volume (MM m3) RBRC2 (%) Available Brine Volume (MM m3) Li Tonnes (as metal) LCE3 (tonnes) Classification Li (mg/l) Ca (mg/l) K (mg/l) Mg (mg/l) SO4 (mg/l) Measured 371 1,666 3,164 2,053 5,125 4,412.28 12.34 544.48 202,326 1,076,979 Indicated 486 1,373 4,318 2,621 8,671 1,324.47 6.40 84.77 41,211 219,365 Me Measured & Ind ndica cate ted 387 387 1,627 3,319 2,129 5,602 5,736.75 10.97 629.24 243,536 1,296,0004 Inf nferred 340 340 757 757 1,894 1,373 3,824 7,663.14 3.58 274.34 93,361 497,0004