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Investment Conferences


RARE EARTHS, SPECIALITY
& MINOR METALS
INVESTMENT SUMMIT
                2.05 – 2.30
            ...
TSX.V: CLQ




London: March 2010

                     2
Forward Looking Statements


The statements made in this presentation contain certain forward-looking statements concernin...
Canada Lithium Corp. Highlights


 Lithium Mine Developer
     Open pit lithium carbonate development in mining-friendly Q...
Performance


 Lithium: The Rechargeable Batteries of Choice

        3X the energy density of nickel metal hydride
      ...
Demand


Dramatic increases in demand coming soon

   Long proven in cell phones, computers, cameras, Ipods and power tool...
Electric Cars – A Major U.S. Initiative
Key stats about electric cars and hybrids in the U.S.
     300,000+ hybrid cars so...
Europe gearing up faster


 European governments are pushing much harder
     EV economics in Europe more compelling: Volt...
Electric cars really an Asian story

 But the real EV story is unfolding in Asia…..

   China 2-3 years ahead of America/E...
Electric cars really an Asian story

Cars per 1,000 population




    Both China and India estimate they will achieve Bra...
Lithium Use


                    Other 19%                          Aluminum
 2007 usage
                                ...
Lithium Supply Estimate 2008 to 2015

                                                             2008         2015
    C...
Demand


    300
    250




                                                               Thousands of MT
    200
    15...
Quebec Lithium Project

Former Producer
  Operated 10 years from 1955 to 1965
  Produced spodumene and lithium carbonate
 ...
Quebec Lithium Project

Quebec, Canada

  60 km NW of Val d’Or, Quebec
  Excellent Infrastructure
           Paved road,1 ...
Quebec Lithium Surface View




             Open pit outline




                                16
Quebec Lithium Vertical Section




                                  Open pit
                                  outlines
...
43-101 Resource


           Category                 000’s Tonnes                      % Li20
      Measured             ...
Open Pit to -250 metres




                           Mineralized zones


Proposed open pit




                         ...
Battery-Grade Lithium


                   Mining Method
     Open pit/decline @ 1 milllion tpa (3,000 tpd)



 Crushing, ...
Hydro-metallurgical Flow Sheet




                                 21
Quebec Lithium Metallurgy
Second step: battery-grade lithium carbonate
   Battery grade 99.5% Li2CO3 using conventional me...
Quebec Lithium Development Plans


Timetable to development
                                     2009        Q1        Q2 ...
Capital Structure & Market



                             Share price C$ 0.51

                             Market Cap C$...
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Objective Capital Rare Earth and Minor Metals Investment Summit: The challenges of developing a lithium project – reopening the Quebec Lithium Project - Peter Secker

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Objective Capital Rare Earths, Speciality and Minor Metals Investment Summit
The challenges of developing a lithium project
– reopening the Quebec Lithium Project
18 March 2010
by Peter Secker, Canada Lithium

Published in: Technology, Business
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Transcript of "Objective Capital Rare Earth and Minor Metals Investment Summit: The challenges of developing a lithium project – reopening the Quebec Lithium Project - Peter Secker"

  1. 1. Investment Conferences RARE EARTHS, SPECIALITY & MINOR METALS INVESTMENT SUMMIT 2.05 – 2.30 The challenges of developing a lithium project – reopening the Quebec Lithium Project Peter Secker – CEO, Canada Lithium Corp THE LONDON CHAMBER OF COMMERCE AND INDUSTRY ● THURSDAY, 18 MARCH 2010 www.ObjectiveCapitalConferences.com 1
  2. 2. TSX.V: CLQ London: March 2010 2
  3. 3. Forward Looking Statements The statements made in this presentation contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of Canada Lithium Corp. The actual results of the specific items described in this presentation, and the company’s operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of Canada Lithium Corp. management as of the date of this presentation, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the Company’s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the Company. Canada Lithium Corp. disclaims any obligation to update information contained in any forward-looking statement. Toronto Venture Exchange: CLQ 3
  4. 4. Canada Lithium Corp. Highlights Lithium Mine Developer Open pit lithium carbonate development in mining-friendly Quebec Resource: 31 Mt (M+ I) and 39 Mt (Inf) Successfully produced battery-grade 99.6% Li2CO3 18,400 tpa Li2CO3 + Mitsui marketing agreement 30 - 50 year mine life projected Security of supply: only 14-hour drive to Detroit $15 million cash – financed through feasibility Fast-track to production in 2012 4
  5. 5. Performance Lithium: The Rechargeable Batteries of Choice 3X the energy density of nickel metal hydride 1/3 of the weight power No memory effect Faster recharge Operates at -60C 10-15 year life 5
  6. 6. Demand Dramatic increases in demand coming soon Long proven in cell phones, computers, cameras, Ipods and power tools Now in lawn mowers, chainsaws, wheelchairs, scooters and boat motors Next generation: 25 models of lithium-powered cars for sale by 2012 Power Grid warehouse-sized batteries for stabilization Home storage off-peak power 6
  7. 7. Electric Cars – A Major U.S. Initiative Key stats about electric cars and hybrids in the U.S. 300,000+ hybrid cars sold in U.S. alone the past year (2.5% of sales) U.S. govt $27.4billion in loans/grants to car & battery makers At least 5 plug-ins available by 2010, 5 more in 2011 Volt will go 4 miles per kWh or cost equivalent of 92 miles/gallon* 10% of Americans want EV immediately – represents 1MM vehicles/yr** U.S. uptake expected slow – market is saturated (at U.S. average 12 cents kWh and $2.75/gallon) (**Ernst & Young Survey) 7
  8. 8. Europe gearing up faster European governments are pushing much harder EV economics in Europe more compelling: Volt would achieve equivalent of 137 mpg in France* France spending $2 billion on charging infrastructure in Paris alone Spain aims for 1 million EV sales by 2011 Renault constructing plants in France and Spain Nissan constructing electric battery plant in UK * At French average of 18 cents kWh and $6.20 /gallon 8
  9. 9. Electric cars really an Asian story But the real EV story is unfolding in Asia….. China 2-3 years ahead of America/Europe Currently making most of world’s lithium batteries 21 million electric scooters sold in China in 2008 China surpassed U.S. as world 2nd largest car maker Nissan estimates 10 million EVs by 2015 BYD hybrid travels 330 kms on a charge Chery S18 (China) EV will be $15,000 Rav (India) EV will be $12,000 9
  10. 10. Electric cars really an Asian story Cars per 1,000 population Both China and India estimate they will achieve Brazilian ratio by 2020. That would require 250 million cars not including replacements!! Significant percentage will be EVs 10
  11. 11. Lithium Use Other 19% Aluminum 2007 usage 20% Glass & Ceramics 20% Batteries 29% Greases 13% 2009 Li2CO3 Equivalent Market ~ 120,000 tonnes 11
  12. 12. Lithium Supply Estimate 2008 to 2015 2008 2015 Company Country Deposit Type Li2CO3 (t) Li2CO3 (t) SQM Chile Brine 32,500 50,000 Chemetall Chile Brine 28,000 47,000 Canada Lithium Canada Pegmatite 0 18,200 FMC Chemical Argentina Brine 16,500 16,500 China China Brine 10,000 15,000 Galaxy Aus/China Pegmatite 0 17,000 Orocobre Argentina Brine 0 15,000 Talison Aus/China Pegmatite 5,000 5,000 FMC Chemical USA Brine 3,000 0 Various Pegmatite 11,000 30,000 Total ~ 100,000 ~ 220,000 12
  13. 13. Demand 300 250 Thousands of MT 200 150 Supply 100 50 0 2008 2010 2012 2014 If demand grows at 7.2% in 2009-10 and 15 % from 2011-15 13
  14. 14. Quebec Lithium Project Former Producer Operated 10 years from 1955 to 1965 Produced spodumene and lithium carbonate 400 historic drill holes Completed 7,500m drilling programme Current drilling > 440 metres Est 30 – 50 year mine life Surface plant ca: 1965 14
  15. 15. Quebec Lithium Project Quebec, Canada 60 km NW of Val d’Or, Quebec Excellent Infrastructure Paved road,1 km Rail (U.S./port), 22 km Electric power within 0.5 km (~ $0.04 KWh) Mining friendly province Skilled labor force and supply infrastructure Low political risk, strong government support 15
  16. 16. Quebec Lithium Surface View Open pit outline 16
  17. 17. Quebec Lithium Vertical Section Open pit outlines 17
  18. 18. 43-101 Resource Category 000’s Tonnes % Li20 Measured 6,896 1.10 Indicated 24,740 1.11 Total M & I 31,635 1.11 Inferred 38,940 1.12 (Rounded to the nearest thousand; total inferred mineral resource is exclusive of total measured and indicated mineral resources ) 18
  19. 19. Open Pit to -250 metres Mineralized zones Proposed open pit 19
  20. 20. Battery-Grade Lithium Mining Method Open pit/decline @ 1 milllion tpa (3,000 tpd) Crushing, grinding, flotation to produce Spodumene 155,000 tpa of Spodumene @ 6.5% Li2O Acid leach + NaCO3 to produce Lithium Carbonate 18,400 tpa Li2CO3 @ 99.5% purity 20
  21. 21. Hydro-metallurgical Flow Sheet 21
  22. 22. Quebec Lithium Metallurgy Second step: battery-grade lithium carbonate Battery grade 99.5% Li2CO3 using conventional metallurgical techniques Annual output: +/-41 million lbs (18,400 tonnes) PFS capital and operating costs at end March Annual sales: US$120m Marketing Agreement with Mitsui and Co. Lithium Pricing ($US/t) 8000 6000 4000 2000 0 2003 2004 2005 2006 2007 2008 2009 22
  23. 23. Quebec Lithium Development Plans Timetable to development 2009 Q1 Q2 Q3 Q4 2011 43-101 Resource (CCIC) X X Pre-feasibility (BBA) X X EIS (Genivar) X X X X X Pilot Plant (SGS) X X X Bankable feasibility X X X Construction X Consultants: Caracle Creek International Consulting or CCIC (geological); BBA lnc. (engineering); Genivar Inc. (environmental); SGS Lakefield (metallurgy) 23
  24. 24. Capital Structure & Market Share price C$ 0.51 Market Cap C$75m 146 million shares S/O 170 million F/D $15M cash in bank No debt 24
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