OTC: CORX Welcome to Our Backyard… A Domestic Lithium Hardrock Mining Opportunity 1
NOTICE REGARDING FORWARD-LOOKING STATEMENTS This presentation may include statements which, other than statements of historical facts, may be considered "forward–looking statements“. These may include, but are not limited to, statements with respect to the future financial or operating performance of the Company and its projects, the future price of lithium or other metal prices, the estimation of mineral resources, the timing and amount of future production, costs of production, capital, operating and exploration expenditures, costs and timing of development of new deposits, costs and timing of future exploration, requirements for additional capital, government regulation of mining operations, environmental risks, reclamation expenses, title disputes or claims, limitations of insurance coverage and timing and possible outcome of regulatory matters. Often, but not always, forward– looking statements can be identified by the use of words such as "plans", "expects", "budgeted", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Information inferred from the interpretation of drilling results and information concerning mineral resource estimates may also be deemed to be forward–looking, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. Although the Company believes the expectations expressed in such forward– looking statements are based on reasonable assumptions, such statements involve known and unknown risks, uncertainties and assumptions, and are not guarantees of future performance and actual results may differ materially from those expressed in the forward–looking statements. Such factors include, among others: general business, economic, competitive, political and social uncertainties; the actual results of current exploration activities, actual results of reclamation activities; conclusions of economic evaluations; fluctuations in the value of the Canadian dollar; changes in project parameters as plans continue to be refined; changes in labour costs or costs of equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry, including but not limited to environmental hazards, cave–ins, pit–wall failures, flooding, rock bursts and other acts of God or unfavourable operating conditions and losses, detrimental events that interfere with transportation of lithium, including declaration of Force Majeure events, insurrection or war; delays in obtaining governmental approvals or financing or in the completion of development or construction activities. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward–looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward–looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward–lookingstatements. 2
Investment Highlights Core Lithium Corp . Trading OTC: CORX CUSIP 21871R102 Fiscal Y/E: Dec 31 Shares Outstanding: 67,794,661 o Core Lithium is a publicly traded (Nevada Corp.) specializing in the exploration, mining, and development of prospective Lithium assets in North America. o The company has acquired 100% ownership of fifty-six (56) mining titles totaling 7,840 acres in the James Bay region of Northern Quebec, Canada. o The Geology of the Core Lithium property shows significant similarities to nearby productive operations and enjoys ready access to roads, electricity, contractors, suppliers and airports. o The geologic domain is situated where relatively large-scale pegmatite fields can be linked to specific regional rocks and structures known to host Lithium. 3
Lithium Demand From cellphones to laptops to electric vehicles, lithium makes up an increasingly important part of the daily lives of billions of people around the world. Predicted EV Car Sales (2017-2030) o The majority of increased demand for Lithium comes from electric vehicles (EV’s), which are predicted to be cheaper than petroleum fueled cars by 2024. o Industry growth is expected to translate into 25 million EV’s being sold annually by the year 2030. o Additionally, government production quotas in China, in an effort to reduce pollution, are set to bring total investment in Lithium mining to between $350 billion and $750 billion by 2030. Source: Bloomberg New Energy Finance 4
Hard Rock vs. Brine Mining v Hard Rock Lithium Deposits – Lithium development and mining in Canada is predominantly found in the Canadian Shield of NE Canada, with exploration focused on finding high-grade spodumene lithium- bearing pegmatite of economic size. Separating the Lithium bearing spodumene from the other minerals occurs by dense media separation and/or flotation, creating a concentrate that forms the basic production material for battery-grade lithium chemicals. v Brine Processing – Brine deposits occur in closed basin with high evaporation rates, the most famous of which are located in the high Andes of South America. Brine lithium concentrates are generally lower than spodumene deposits and require additional time and collection ponds, with recoveries being generally < 50%. Pegmatite Lithium Deposits o Pegmatite is a coarse-grained intrusive igneous rock formed from crystallized magma below the Earth’s crust. o Pegmatite lithium deposits, also known as hard-rock lithium deposits, can contain extractable amounts of a number of elements, including lithium, tin, tantalum and niobium. o Lithium in pegmatites is most commonly found in the mineral spodumene, but also may be present in petalite, lepidolite, amblygonite, and eucryptite. o Hard-rock ore containing lithium is extracted at open-pit or underground mines using conventional mining techniques. The ore is processed and concentrated using a variety of methods prior to direct use or further processing into lithium compounds. 5
Project Overview o The Core Lithium Project in Quebec, Canada comprises 56 contiguous claims totaling roughly 3,000 ha (approx. 7,400 acres) in an Li-enriched geologic domain, where relatively large-scale pegmatite fields can be linked to specific regional rocks and structures known to host Lithium. o Our project includes four mapped pegmatite occurrences with no historic analysis/follow up. o Staking is based on historic government exploration, interpretation of overlooked Lithium-Cesium-Tantalum (LCT) pegmatite-bearing regional structures, and proximity to known LCT lithium deposits. o Project is centred 10km away from Critical Element Corp.’s Rose (Li- Ta) Project in the same geology. 6
Location o Located in mining-friendly jurisdiction of Quebec, ranked 6 th in the world for mining investment. o Prospective Li geology is very actively explored. o Most of the favourable ground between Nemaska, Rose, Cyr deposits and Pontax showings is solidly staked. 7
Recommend
More recommend
