NEW HIGH-GRADE LITHIUM BRINE DISCOVERY IN SOUTH AMERICAS LITHIUM - - PowerPoint PPT Presentation

June 2019 ASX:GLN

NEW HIGH-GRADE LITHIUM BRINE DISCOVERY IN SOUTH AMERICA’S LITHIUM TRIANGLE

11th Lithium Supply & Markets Conference, Santiago, Chile

DISCLAIMER AND IMPORTANT INFORMATION

A SIGNIFICANT INVESTMENT OPPORTUNITY –THE RIGHT PLACE.

A SIGNIFICANT INVESTMENT OPPORTUNITY –THE RIGHT COMMODITY .

A SIGNIFICANT INVESTMENT OPPORTUNITY –THE RIGHT TIME.

Source: Orocobre Ltd, Nov. 2018 Source: FMC Corp.

CORPORATE STRUCTURE.

Capital Structure

Shares on Issue 129,334,278 Options (Listed: GLNOA) 2,825,000 Options exercisable $0.15, 29 Nov. 2019 23,941,178 Options exercisable $0.14, 31 Dec. 2019 5,350,000 Options exercisable $0.60, 31 Aug. 2020 Share Price $0.23 Cash end March 19 Qtr $4.65 million Market Cap ~$30 million

Shareholders

Directors and Management 30% Top 20 Shareholders 55%

Performance Shares GLN Shares

Vendor Class A Shares Upon delineating a JORC compliant resource of at least 80,000t contained LCE 15,000,000 Vendor Class B Shares Upon the commencement of commercial production from a pilot plant 10,000,000 MD Performance Shares i) Upon JORC Indicated/Measured Resource of 1Mt+ LCE ii) Upon financial close for a commercial scale lithium production facility 5,000,000 5,000,000

HIGHLY EXPERIENCED BOARD.

Fenix Operation Market Cap: ~A$1.4bn Candelas project Market Cap: ~A$30m Sal de Vida Market Cap: ~A$600m

HOMBRE MUERTO:

TIER 1 LOCATION WORLDWIDE FOR Li BRINES

Northern Sal de Vida Market Cap: ~A$30bn 7

CANDELAS MAIN EXPLORATION FOCUS

Diamond drilling at Candelas Candelas channel, looking north

15 km

CANDELAS – GEOPHYSICS

Nb; Surface RL inclines from 4030m in the south to 4000m in the north

CSAMT Profiles 1-3 - Interpreted model showing lowly resistive brine saturated materials (in purple/blue) with possible dry materials (yellow) & location of drillholes C1 - 5

CANDELAS DISCOVERY

February 2019 143m @ 784 mg/l Li “Preliminary field measurements and laboratory analyses on brine suggests that the Candelas Project has the potential to become a world-class soluble lithium deposit hosted in a unique geological setting”.

SRK Consulting (Argentina) ASX:GLN release 13 February, 2019

Discovery Drillhole Highlights…

WESTERN BASIN PROJECTS.

LITHIUM BRINES COMPARATIVE TABLE (ASX Co.s) Company Resource LCE Average grade

(mg/l Li)

Project Status Preferred Processing Route GLN N/A ~700 - 802 JORC resource estimate due Q3 2019 Under study, PFS commencing Q4 2019 AGY 245kt 325 PEA completed, targeting industrial production Conventional LKE 4.4Mt 211 PFS Ion Exchange ASN N/A 140 - 500 Pilot Plant – Final Design Ion Exchange GLN – Candelas drillhole Results C-01-19 190m @ 802 mg/l Li C-02-19 261m @ ~110* mg/l Li C-03-19 143m @ 784 mg/l Li C-04-19 58m @ 203 mg/l Li C-05-19 124m @ ~700* mg/l Li

nb; Information from public company reports * estimate from field data, awaiting assay confirmation

COMPANY COMPARISONS

IMPURITIES – PROJECT COMPARISONS.

Source: Neo Lithium Corp. & other company reports * excludes by-products Argosy - Rincon

OPEX US$/t Zhabuye (China): $5,500 Rincon (AGY): $4,645 (PEA est.) Silver Peak (USA): $4,500 Olaroz (Arg.): $4,200 Hombre Muerto (Arg.) Fenix: $3,500 Sal de Vida: $3,144 (PEA est.) Atacama (Chile): $2,500

ACHIEVEMENTS AND INDICATIVE NEXT STEPS

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Tasks CY 2018 CY 2019 CY 2020

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 CANDELAS Geophysics & mapping Drilling Permits Drilling JORC Resource Pre-Feasibility Study Pilot Plant WESTERN TENEMENTS Drilling Permits Drilling JORC Resource Q1 Q2 Q3 Q4

ACHIEVEMENTS AND INDICATIVE NEXT STEPS

ARGENTINA –A PRO-MINING & INVESTMENT DESTINATION.

GALAN LITHIUM LIMITED INVESTMENT FOUNDATIONS.

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FAST TRACKING TO LITHIUM CARBONATE PRODUCTION IN SOUTH AMERICA’S LITHIUM TRIANGLE

Level 2, 38 Richardson Street, West Perth, WA 6005 PO Box 396, West Perth, WA, 6872

• Ph. +61 8 9322 6283 Fax. +61 8 9322 6398

www.galanlithium.com.au ASX:GLN