1. The document summarizes the key developments in the lithium industry in 2009-2010, including increased interest and investment in lithium resources and production from automakers seeking to develop electric vehicles. 2. Major supply developments included projects moving to production by companies like Galaxy Resources, increased exploration of resources in countries like Bolivia, and emerging production centers in locations like Nevada, Canada, and Argentina. 3. The automotive industry shifted its thinking towards electric vehicles due to the economic recession and government stimulus programs, with many major automakers announcing major investments in electric vehicle technologies.

1. Lithium: a year of change (opening remarks) Simon Moores, Deputy Editor, Industrial Minerals, UK

3. Silver Peak ( Brine ) Kings Mountain ( hectorite - in development) Clayton Valley ( Brine ) Only operational lithium mine in North America Nevada: home of lithium in North America

4. Evolution of sources Spodumene/Petalite 1960s Brine 1990s Hectorite clay Geothermal Jadarite 2010s ? Evolution of sources

6. A year of change…lithium hits the mainstream Toyota in lithium agreement 19/1/2010 Lithium car batteries may shift balance of industrial power 9/10/2009 Full charge in lithium-ion battery boom 1/02/2009 Lithium for 4.8 bn EVs lets Bolivia upset market 7/10/2009 Born in the big bang, lithium to power hybrids 20/1/2010 Bolivia hopes it can meet China’s appetite for lithium 20/12/2009

11. 2. US $2.4 billion battery stimulus Chemetall - $28m. Johnson Controls $299.2m. EnerDel - $118.5m. Mine Market Tesla Motors - $465m.

14. 4. Change in thinking for Auto manufacturers “ Our electric vehicle investment is not one-car innovation, it is a new way of looking at our industry. This is the beginning of the story.” Carlos Ghosn, CEO, Nissan

16. Lithium in 2009 Global interest Actual lithium carbonate demand by 20-30% Li2CO3 price fall 20% $3/lb in Jan 09, 2.3-2.4/lb in Jan ’10 2005/2006 levels Lithium in 2009

21. The team : Industrial Minerals (1967 - present ) Mike O’Driscoll, Editor (chair) Simon Moores , Deputy Editor (chair) Ismene Clarke , Advertising Manager

22. The team : Industrial Minerals Events (2007 - present ) Victoria Smith, LSM10 programmer Charlie Shelley-Smith, Sponsorship & Exhibition Manager Laura Black , Logistics Co-ordinator

24. LSM10 Day LSM10 Day two 915-1045 Focus on the EV market Panel discussion: NAATbatt; Ford; EnerDel; Angelo & Newton Applications for advance batteries & grid storage - Altairnano Inc 11-1230 Independent Analysis of the Market & EV future Roskill Information Services Panel discussion: Gilford Securities; Plug In America; MDB Capital 1400-1530 Global supply developments 1 Galaxy Resources (Australia/China); Lithium Americas (Argentina); 1600-1630 Global supply developments 2 Lithium One (Canada/Argentina) 1630-1700 The future of lithium

25. LSM10 Field Trip – Western Lithium