Century Lithium: Investor Newsletter – Upcoming Events | Media Appearances | News

In the last 30 days, Century Lithium attended the 121 Mining Investment Event in both New York and their Global Online, where the team met with portfolio managers, analysts, private equity groups and family offices, as well as with automobile OEMs. Additionally, the Century team participated in Benchmark’s Giga USA and The World Lithium Congress in Washington, DC as well as the 16th Lithium Supply and Battery Raw Materials Conference 2024 in Las Vegas.

As for our next steps from an execution standpoint, the Company plans to complete the Plan of Operations, continue to advance permitting, explore ways to optimize power requirements, incorporate alternative energy solutions, and proceed with detailed engineering to further advance the Project. In addition to these steps, the Company has been communicating with the U.S. Department of Energy’s (DOE) Loan Programs Office (LPO) and plans to initiate the pre-application process under the Title Seven Clean Energy Financing program.

If you have any questions, please feel free to reply to this email or reach out to us directly at +1 604 764 1851.

• Large-Scale Nevada-based Lithium Project: three-phase production plan will generate a life-of-mine average of 34,000 tonnes per annum (tpa) of battery-quality lithium carbonate (Li₂CO₃)
• Innovative Approach in Processing: patent-pending chloride leaching process combined with Direct Lithium Extraction (DLE), the Feasibility Study is supported by 2+ years of testing at the Company’s Pilot Plant
• Mineral Resource Estimate: Measured and Indicated resources totaling 1,138.59 million tonnes (Mt) at an average grade of 966 parts per million (ppm) lithium (Li) containing 1.099 Mt of Li or 5.582 Mt of lithium carbonate equivalent (LCE)
• Long 40-Year Mine Life: Proven and Probable Mineral Reserve Estimate totaling 287.65 Mt at an average grade of 1,149 ppm Li containing 0.330 Mt of lithium or 1.759 Mt of LCE
• Initial Project: Phase 1 Capital Cost $1.537 billion for production capacity of 13,000 tpa LCE
• Low Operating Cost: $2,766/t of Li₂CO₃ produced after sales of surplus sodium hydroxide (NaOH)
• After-tax IRR of 17.1% at $24,000/t Li₂CO₃: $3.01 billion after-tax net present value (NPV) at 8% discount rate and a 17.1% after-tax internal rate of return (IRR), using price assumptions of $24,000/t for Li₂CO₃ and $600/dry metric tonne for NaOH