An Emerging Lithium Producer Spring/ Summer 2019
Disclaimer The information contained in this document was provided by CAT Strategic Metals Inc. and its subsidiaries and associates and this document is being furnished to a limited number of parties only. The purpose of this document is to provide recipients with information to enable such recipients to participate in a process for the subscription for shares in CAT Strategic Metals Inc., the proceeds of which are to be utilised for the development of the Project. It is not intended to form the basis of any investment decision or any risk evaluation. It does not constitute a recommendation, offer, invitation or solicitation in connection with any transaction and is not a prospectus. The information contained in this document has not been independently verified. No representation or warranty, express or implied, is given by any person whatsoever as to the accuracy or completeness of the information and opinions contained herein and no responsibility or liability is accepted for the accuracy or sufficiency of any of the information or opinions, for any errors, omissions or misstatements, negligent or otherwise, or for any other communication, written or otherwise in connection with the Proposed Transaction. The figures included are illustrative projections and are based on a number of assumptions and no figures should be regarded as a profit forecast. Accordingly, CAT Strategic Metals Inc. nor any other party shall be liable for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on any information contained within the Information Memorandum or in any future communication in connection with the Proposed Transaction. This document has been furnished to the recipient on a confidential basis. By accepting this document, the recipient agrees to keep confidential the information contained herein or sent herewith or made available in connection with future enquiries. 2
Disclaimer (continued) The document contains forward looking statements that are based on assumptions made in good faith and in the light of current circumstances. Neither CAT Strategic Metals Inc. nor any other party gives any assurance or guarantee that any such assumption or projection will prove to be correct or that CAT Strategic Metals Inc. will not be affected in any substantial manner by other factors that are not known or foreseeable by CAT Strategic Metals Inc., or are beyond their control. The assumptions and projections in this document are based on initial test work and are therefore subject to a broad degree of uncertainty. The project is located in the Republic of Zimbabwe and the associated political risk should be taken into account. The document does not purport to contain all the information that a prospective financier may require about CAT Strategic Metals Inc. and/or the Project. In all cases, before acting based on any information, the recipient should conduct its own investigation and analysis in relation to the opportunity and should check the accuracy, reliability and completeness of the information and obtain independent and specific advice from appropriate professional advisers. CAT Strategic Metals Inc. make no recommendation as to whether or not you should participate in the Proposed Transaction. The distribution of this document certain jurisdictions may be restricted by law and therefore any person into whose possession this document comes should inform himself about and observe any such restriction. † Qualified Persons Alain Moreau, P.Geo., and Director, is the Qualified Person as defined by National Instrument 43-101 (NI 43-101) for CAT Strategic Metals Inc.. and has verified the data disclosed in this presentation, including sampling, analytical, and test data underlying the information disclosure. 3
Key Drivers for Success • Low Capital Costs (CAPEX) • Low Cost Deposit (OPEX) • Haulage from existing infrastructure • Spodumene bearing Li extracted from towards an established metallurgical an historic Tin Mine, NI-43-101 resource complex, minimal retrofit of an existing delivered in Q2 2018, Pilot plant by Q4 plant for lithium carbonate production 2019 • Experienced Team • Added Value Chain • Management, Technical and Operations • From spodumene concentration to • Government Support lithium carbonate production. • Mine development supported by the • Existing mined and crushed 26.32 Government, Partnering with the Metric Tonnes tailings stockpile @ Zimbabwe Mining Development 0,58% Li2O with 70% being Spodumene Corporation (ZMDC) 4
Project Overview • Over a century of modern mining history under a new political stability • Kamativi Mine site and concentrator located in an easily accessible area in north-west Zimbabwe • 155,000 tonnes of Li2O concentrate to be produced during mine life • Concentrate shipping by railway to export market (under an off-take agreement with TransamineTrading S.A.) • Projected lithium carbonate shipping by existing railway to international ports • Maputo and Beira in Mozambique, 1,200 km 5
On site infrastructures 6
Exceptional Grade Easily Concentrated Ni 43-101 resource estimate Tonnage (Mt) Li2O (%) Ni 43-101 resource estimate Open pit Indicated 26.32 0.58 Inferred 0.30 0.62 70% being Spodumene RESULT: A 6.19% Li2O Concentrate at Low Cost *Internal budget, timeframe and estimates are subject to change with the results of the feasibility study due by Q2 2019 7
Increase Potential For Resource The 120 km Kamativi pegmatite belt has been poorly explored in the past. Result Potential for new Li bearing orebodies discoveries close to mine site 8
Value-Added Chain Lithium Hydroxide & Battery Grade Concentration Carbonate Hydroxide & Process Concentrate Carbonate Solid Liquid è Purification Separation é ê Extraction Acid Leaching Iron Removal ê é ê Dense Media Roasting Precipitation Separation DMS ê é ê é é Floatation è è Li2O Concentrate Final Separation Final Products 6.19% Li2O 9
Next Steps – 2019/2020 PHASE 1 PHASE 2 • Q1 2019: • Q1 2020: Off-take funding 400 tph concentrator • Q2 2019: • Q2 2020: Feasibility study First shipment of LiO2 concentrate • Q4 2019: • Q4 2020: Pilot plant Feasibility for transformation plant 10
Lithium Demand per Product 2016-2031 *Source: Roskill estimates 2018 Note: 1 includes some of the products above that have not been differentiated from the total 11
Battery-Grade Lithium Hydroxide Average Annual Price Forecast 2008-2031 (US$/t CIF) *Source: Global Trade Atlas, Graphic from Nemaska Lithium’s presentation : The World’s Premier Lithium Opportunity. Note: Real prices adjusted to constant US dollars using Worlds GDP deflator from the International Monetary Fund’s World Economic Outlook Database 12
Battery-Grade Lithium Carbonate Average Annual Price Forecast 2000-2031 (US$/t CIF Asia) *Source: Global Trade Atlas, Graphic from Nemaska Lithium’s presentation : The World’s Premier Lithium Opportunity. Note: Real prices adjusted to constant US dollars using Worlds GDP deflator from the International Monetary Fund’s World Economic Outlook Database 13
Experienced Management Team Kevin MacNeill John McTaggart James Arthur Ruan Kroukamp Proposed President & CEO Managing Director in COO Technical Specialist Zimbabwe Mineral and Civil Engineer who worked 25 Agricultural Engineer with 32 Over 35 yrs mining experience, Worked in the mining industry for over years with Etruscan Group of Companies years experience in mining. including Impala Platinum (RSA), BHP 15 years specializing in flotation, (Market Cap $700M) and raised over He owned and operated Hartley Platinum (Zim), Luanshya technical solutions and capital project $200M in debt & equity. He was head of chrome mines from 1995, Copper Mines (Zambia), African execution. He compiles experience of project development for Etruscan Gold and was the largest supplier Copper Mines (Botswana), Mwana full turnkey EPC CAPEX packages Operations in West Africa, and built several of open cast chrome ore in Africa Pty (RSA, DRC, and Zim). Over ($250M). He also managed projects large scale CIL plants with over 2,500 tpd Zimbabwe. He also owned the last 6 yrs, engaged in capital through phases involving process, processing capacity. He was President and Phoebe Gold Mine, and raising exercises with Mwana including mechanical, structural, EC&I, design, CEO of Etruscan Diamonds until Etruscan bought and sold Golden equity raising in excess of $50M with estimation, scheduling and bid was taken over by Endeavour Mining Kopje Gold Mine from Trillion various investment institutions. Debt compilation. He did project execution (1,200,000 tpa alluvial gravel diamond Resources. He has a large with Industrial Development Bank plan; project financial analysis – mine outside of Ventersdorp South Africa). experience in mining, mine (RSA) $10M facility for Freda Rebecca CAPEX and OPEX; commercial His expertise includes large scale project planning and company and involved in raising a $20M Bond in management, procurement development and corporate management. management. Zim for the Bindura Nickel Smelter procedures and controls; supply chain restart. management. 14
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