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

NEW HIGH-GRADE LITHIUM BRINE DISCOVERY IN SOUTH AMERICA’S LITHIUM TRIANGLE 11 th Lithium Supply & Markets Conference, Santiago, Chile June 2019 ASX:GLN

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: 2,825,000 Options exercisable $0.15, 29 Nov. 2019 GLNOA) 23,941,178 Options exercisable $0.14, 31 Dec. 2019 5,350,000 Options exercisable $0.60, 31 Aug. 2020 Performance Shares GLN Shares Share Price $0.23 Vendor Class A Shares Upon delineating a JORC compliant resource of at least 80,000t 15,000,000 Cash end March 19 Qtr $4.65 million contained LCE Market Cap ~$30 million Vendor Class B Shares 10,000,000 Upon the commencement of commercial production from a pilot Shareholders plant MD Performance Shares Directors and 30% i) Upon JORC Indicated/Measured Resource of 1Mt+ LCE 5,000,000 Management ii) Upon financial close for a commercial scale lithium production 5,000,000 Top 20 Shareholders 55% facility

HIGHLY EXPERIENCED BOARD.

HOMBRE MUERTO: TIER 1 LOCATION WORLDWIDE FOR Li Northern Sal de Vida Market Cap: ~A$30bn BRINES Fenix Operation Market Cap: ~A$1.4bn Sal de Vida Market Cap: ~A$600m 7 Candelas project Market Cap: ~A$30m

CANDELAS MAIN EXPLORATION FOCUS 15 km Candelas channel, looking north Diamond drilling at Candelas

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 Drillhole Highlights… DISCOVERY February 2019 “ Preliminary field measurements and laboratory analyses on brine suggests that the Candelas Project has the potential to become a world-class soluble lithium 143m @ 784 mg/l Li deposit hosted in a unique geological setting”. SRK Consulting (Argentina) ASX:GLN release 13 February, 2019

WESTERN BASIN PROJECTS.

COMPANY COMPARISONS LITHIUM BRINES COMPARATIVE TABLE (ASX Co.s) Company Resource Average grade Project Status Preferred LCE (mg/l Li) Processing Route GLN N/A ~700 - 802 JORC resource estimate Under study, PFS due Q3 2019 commencing Q4 2019 AGY 245kt 325 PEA completed, targeting Conventional industrial production LKE 4.4Mt 211 PFS Ion Exchange ASN N/A 140 - 500 Pilot Plant – Final Design Ion Exchange nb; Information from public company reports 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 * estimate from field data, awaiting assay confirmation

IMPURITIES – PROJECT COMPARISONS. OPEX US$/t Zhabuye (China): $5,500 Argosy - Rincon 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 Source: Neo Lithium Corp. & other company reports * excludes by-products

ACHIEVEMENTS AND INDICATIVE NEXT STEPS      

ACHIEVEMENTS AND INDICATIVE NEXT STEPS Tasks CY 2018 CY 2019 CY 2020 Q1 Q2 Q3 Q4 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

ARGENTINA –A PRO-MINING & INVESTMENT DESTINATION.

GALAN LITHIUM LIMITED INVESTMENT FOUNDATIONS.         

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