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

Angel Island is named for the ridge of older metavolcanic and clastic rocks bordering the west side of Century’s lithium clay deposit. The name itself dates to the 1800’s, one of three landforms in Clayton Valley named for islands in San Francisco Bay (Alcatraz and Goat islands being the other two). Of the three landforms, Angel Island is the largest, rising to a height 400 meters above the valley floor. Its presence on the east side of the valley, separating Century’s lithium clay deposit from the lithium brine operation of Albemarle Corp., is owed to uplift along a major northeast trending normal fault located along the western base of the ridge.

Although not directly related to the formation of Century’s deposit, uplift of Angel Island along this fault was responsible for elevating the clay deposits east of the fault and bringing them to the surface where they are now accessible for mining. The harder rocks in the ridge also likely acted as a physical barrier protecting Century’s lithium clay deposit from erosion.

Century Lithium will be participating in a panel discussion with the government of Nevada, Lithium Americas and Nevada Lithium during the month of August. Expect an email invite shortly – we hope to see you there.

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 17.2% at $24,000/t Li₂CO₃: 17.2% Internal Rate of Return (IRR) and a $3.16 billion Net Present Value (NPV) at an 8% discount rate