TSXV: NLC; OTCQX: NTTHF; FSE: NE2 WWW.NEOLITHIUM.CA TRES QUEBRADAS(3Q) LITHIUM PROJECT PRE-FEASIBILITY PRESENTATION MARCH 2019 The Next Major Lithium Project
FORWARD-LOOKING AND CAUTIONARY STATEMENTS Scientific and Technical Information Forward-looking statem ents in this presentation may include statements r egarding The scientific and technical information of this pr esentation has been reviewed and management’s beliefs, expectations or intenti ons regarding lithium producti on, electric approved by Dr. Waldo Per ez, Ph.D., P. Geo., a qualified person pursuant to National vehicle and energy storage industry trends, market growth rates and the C ompany’s Instrument 43-101 of the C anadian Securities Administrators. Mr. Perez is the future growth rates, plans and strategies, projecti ons of commodity prices and costs, the President and CEO of the Com pany, and is a Ph.D in Geology with a technical future financial or operati ng performance and condition of the Company, including its background i n mineral explor ation, incl uding lithium brines. Additional technical and business, operati ons and properties, planned explor ation and development activities and exploration i nformati on on the 3Q Project is available in the Company’s technical the costs and timing thereof, trends in lithium usages and applicati ons, future gl obal report entitled “Updated Mineral Resource Estimate Technical Report on the Tres battery consumption, the use of the PEA (as defined below) as an indication of potenti al Quebradas Lithi um Proj ect Catamarca Province, Argenti na”, with an effective date of positive economic outcomes from the devel opment of the 3Q Project, the adequacy of August 15, 2018 (the “ Technical R eport ”). Information about the potential economic the Company’s fi nancial resources, Argentina as an attractive place to conduct busi ness, viability of the 3Q Project incl uded in this pr esentation is based on the previously and the timing, recei pt and mai ntenance of appr ovals, consents and permits under announced results of a preliminary economic assessment (“ PEA ”) conducted on the applicable legislation. The foregoing list of forward looki ng statements should not be development of the 3Q Proj ect by the Company. The Com pany has reported an construed as exhaustive. increase in its estimates of mineral resources since the PEA w as completed and the These statements and other forward-looking information are based on opini ons, results announced, and has not yet completed an economic study of the 3Q Project assumpti ons and estimates m ade by the Company in light of its experience and taking the l arger mineral resource estimate into account. While the C ompany does perception of historical trends, current conditions and expected future developments, as not expect miner al extraction methods to change as a result of the increased mineral well as other factors that the C ompany believes are appropriate and reasonabl e in the resource estimate, and ther efore considers the PEA rel evant as a preliminary circumstances as of the date of this pr esentation, incl uding, without limitation, indicati on of the potential economic feasi bility of the 3Q Project, as a result of the assumpti ons about the ability to raise additional capital; future prices of lithium; the increase i n the larger mineral resource estimate and devel opments in the lithium Company’s competitive advantages; current market and end-user and product dynamics; market from the effective date of the Technical Report to the date of this and the timing and results of drilling and pilot testing pr ograms. There can be no presentation, certain economic and other parameters that apply to the PEA may no assurance that such estimates and assumptions will prove to be correct. If any of the longer be current. Therefore the C ompany is, and readers should, treat the PEA only assumpti ons or estimates made by management prove to be incorrect, actual results and as a rel evant preliminary i ndicator of the economic potential of, and not a current developments are likely to differ, and may differ materially, from those expressed or economic assessment of, the 3Q Project, subject to the assumptions and parameters implied by the forward-looking information. Accordingly, readers are cautioned not to of the PEA. place undue reliance on such information. The foregoi ng list of assumptions should not be construed as exhaustive. Cautionary Note Regarding Forward-Looking Information While such opinions, assumptions and estimates ar e considered reasonabl e by the This presentati on contains “forward-looki ng information” withi n the meani ng of Company as of the date such statem ents are made, they are subject to known and applicable Canadian securities laws, which may relate to the Com pany’s future unknown risks, uncertainties, assumptions and other factors that may cause the actual outl ook and anticipated events or results. In some cases, but not necessarily all results, level of activity, performance or achi evements to be materially differ ent from cases, forward-looking information can be identifi ed by the use of forward-looking those expressed or implied by such forward-looki ng information, i ncludi ng but not limited terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, to future requirements for additi onal capital, a limited operating history, the demand for “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” and prices of lithium, property title risk, explorati on risk, mineral processing risk, or “does not anticipate” or “believes”, or variati ons of such words and phrases or state uncertainty in r elation to mineral resource estimation, and gover nmental regul ation of the that certain actions, events or results “may”, “coul d”, “woul d”, “might”, “will” or “will be mineral explorati on and development industry. These factors and assumptions are not taken”, “occur” or “be achieved”. In additi on, any statements that refer to intended to represent a complete list of the factors and assumptions that could affect the expectations, predictions, indications, projections or other characterizations of future Company. events or circumstances contai n forward-looking information. Statements containing The Company does not undertake any obligation to publicly update or revise any forward-looking i nformati on are not historical facts but instead represent forward-looking statements, whether as a result of new information, future management’s expectations, estimates and projections regarding future events. events or otherwise, except as required by applicable securities laws. 2
WHY NEO LITHIUM? THE RIGHT PROJECT 100% owned Size and ownership of any Unique project qualities of 6th largest brine resource and top 3 reserve Lithium brine project is high grade and low impurities important. 3Q is one of the few base in the world make it easier to process with large project that 100% owned off the shelve technologies High grade core makes it 2 nd in the world (~1Mt and over 1,000mg/L) Average reserve grade makes it #4 in the world (794 mg/L) Lowest combined sulfate and magnesium THE RIGHT THE RIGHT impurities in the world INTANGIBLES STRUCTURE & INVESMENTS All technical people including CEO/COO are in-country and have strong experience and local >C$40M in cash knowledge Best in class institutional ownership Charmain and CFO have Strong research coverage proven capital market expertise Over $30M invested EIA submitted Pilot ponds and pilot plant in place People Government support and tax stability in the team have granted for 30 years Strong PFS results significant in-country and Strong community Lithium experience and have program financed multi-billion projects in the mining industry 2
HISTORY TIMELINE – TRACK RECORD • Neo Lithium has been able to achieve numerous key milestones in a short period of time o From project discovery to listing on the TSXV in only 7 months o Over $90M raised in private and public markets since discovery • Neo Lithium is one of the few lithium developers that is investing the money raised back into the project and now has an 18 month work plan which is fully funded to FS 4
3Q PROJECT OUTLINE • Proven and Provable Mineral Reserve: 1.3Mt Lithium Carbonate @ 794 mg/L Lithium • Measured and Indicated Resource: 4Mt Lithium Carbonate @ 614 mg/L Lithium • Inferred Mineral Resources : 3Mt Lithium Carbonate @ 584 mg/L Lithium • The salar contains a high grade core in the north with average lithium grade higher than 1,000 mg/L Lithium, grades in the south drop to 600 mg/L Lithium • The PFS demonstrates that extracting the northern brine first, requires a smaller initial investment in ponds and maximizes project value and returns • This strategy requires only 406ha of ponds to produce 20,000 tonnes of Lithium Carbonate • The high yield aquifer only requires 5 wells for full production • Long mine life of 35 years with additional throughput and/or mine life expansion capacity • Pond expansions required in year 10 and 20 help differ capital requirements to a later in the mine life 5
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