Welcome to Our Backyard A Domestic Lithium Hardrock Mining - - PowerPoint PPT Presentation

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Welcome to Our Backyard A Domestic Lithium Hardrock Mining - - PowerPoint PPT Presentation

OTC: CORX Welcome to Our Backyard A Domestic Lithium Hardrock Mining Opportunity 1 NOTICE REGARDING FORWARD-LOOKING STATEMENTS This presentation may include statements which, other than statements of historical facts, may be considered


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Welcome to Our Backyard… A Domestic Lithium Hardrock Mining Opportunity

OTC: CORX

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NOTICE REGARDING FORWARD-LOOKING STATEMENTS

This presentation may include statements which, other than statements of historical facts, may be considered "forward–looking statements“. These may include, but are not limited to, statements with respect to the future financial or operating performance of the Company and its projects, the future price of lithium or other metal prices, the estimation of mineral resources, the timing and amount of future production, costs

  • f production, capital, operating and exploration expenditures, costs and timing of development of new deposits, costs and timing of future

exploration, requirements for additional capital, government regulation of mining operations, environmental risks, reclamation expenses, title disputes or claims, limitations of insurance coverage and timing and possible outcome of regulatory matters. Often, but not always, forward– looking statements can be identified by the use of words such as "plans", "expects", "budgeted", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Information inferred from the interpretation of drilling results and information concerning mineral resource estimates may also be deemed to be forward–looking, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. Although the Company believes the expectations expressed in such forward– looking statements are based on reasonable assumptions, such statements involve known and unknown risks, uncertainties and assumptions, and are not guarantees of future performance and actual results may differ materially from those expressed in the forward–looking statements. Such factors include, among others: general business, economic, competitive, political and social uncertainties; the actual results of current exploration activities, actual results of reclamation activities; conclusions of economic evaluations; fluctuations in the value of the Canadian dollar; changes in project parameters as plans continue to be refined; changes in labour costs or costs of equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry, including but not limited to environmental hazards, cave–ins, pit–wall failures, flooding, rock bursts and other acts of God or unfavourable operating conditions and losses, detrimental events that interfere with transportation

  • f lithium, including declaration of Force Majeure events, insurrection or war; delays in obtaining governmental approvals or financing or in the

completion of development or construction activities. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward–looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward–looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward–lookingstatements.

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Investment Highlights

  • Core Lithium is a publicly traded (Nevada Corp.)

specializing in the exploration, mining, and development of prospective Lithium assets in North America.

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  • The company has acquired 100% ownership of fifty-six (56) mining titles totaling 7,840

acres in the James Bay region of Northern Quebec, Canada.

  • The Geology of the Core Lithium property shows significant similarities to nearby

productive operations and enjoys ready access to roads, electricity, contractors, suppliers and airports.

  • The geologic domain is situated where relatively large-scale pegmatite fields can be

linked to specific regional rocks and structures known to host Lithium.

Core Lithium Corp.

Trading OTC: CORX CUSIP 21871R102 Fiscal Y/E: Dec 31 Shares Outstanding: 67,794,661

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Lithium Demand

  • The majority of increased demand for

Lithium comes from electric vehicles (EV’s), which are predicted to be cheaper than petroleum fueled cars by 2024.

  • Industry growth is expected to translate into

25 million EV’s being sold annually by the year 2030.

  • Additionally, government production quotas

in China, in an effort to reduce pollution, are set to bring total investment in Lithium mining to between $350 billion and $750 billion by 2030.

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From cellphones to laptops to electric vehicles, lithium makes up an increasingly important part of the daily lives of billions of people around the world.

Source: Bloomberg New Energy Finance Predicted EV Car Sales (2017-2030)

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Hard Rock vs. Brine Mining

  • Pegmatite is a coarse-grained intrusive igneous rock formed from crystallized magma below the Earth’s crust.
  • Pegmatite lithium deposits, also known as hard-rock lithium deposits, can contain extractable amounts of a number of elements,

including lithium, tin, tantalum and niobium.

  • Lithium in pegmatites is most commonly found in the mineral spodumene, but also may be present in petalite, lepidolite,

amblygonite, and eucryptite.

  • Hard-rock ore containing lithium is extracted at open-pit or underground mines using conventional mining techniques. The ore is

processed and concentrated using a variety of methods prior to direct use or further processing into lithium compounds. 5 v Hard Rock Lithium Deposits – Lithium development and mining in Canada is predominantly found in the Canadian Shield of NE Canada, with exploration focused on finding high-grade spodumene lithium- bearing pegmatite of economic size. Separating the Lithium bearing spodumene from the other minerals occurs by dense media separation and/or flotation, creating a concentrate that forms the basic production material for battery-grade lithium chemicals. v Brine Processing – Brine deposits occur in closed basin with high evaporation rates, the most famous of which are located in the high Andes of South America. Brine lithium concentrates are generally lower than spodumene deposits and require additional time and collection ponds, with recoveries being generally < 50%. Pegmatite Lithium Deposits

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Project Overview

  • The Core Lithium Project in Quebec, Canada comprises 56

contiguous claims totaling roughly 3,000 ha (approx. 7,400 acres) in an Li-enriched geologic domain, where relatively large-scale pegmatite fields can be linked to specific regional rocks and structures known to host Lithium.

  • Our project includes four mapped pegmatite occurrences with no

historic analysis/follow up.

  • Staking is based on historic government exploration, interpretation
  • f overlooked Lithium-Cesium-Tantalum (LCT) pegmatite-bearing

regional structures, and proximity to known LCT lithium deposits.

  • Project is centred 10km away from Critical Element Corp.’s Rose (Li-

Ta) Project in the same geology.

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Location

  • Located in mining-friendly jurisdiction of Quebec,

ranked 6th in the world for mining investment.

  • Prospective Li geology is very actively explored.
  • Most of the favourable ground between Nemaska,

Rose, Cyr deposits and Pontax showings is solidly staked.

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Quebec Lithium Projects

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PROJECT COMPANY STAGE Current Resource Mt (Date) UNDILUTED GRADE Li20 Cut-off grade Li20 Rose1. Critical Elements FS 26.5 (I: 2012 PEA) 1.34% $41 pit, $66 u/g Quebec Lithium2. Jilin Jien Nickel Co. FS 29.29 (M + I: 2011) 1.19% 0.8% Authier3. Sayona Mining PEA 7.7 (M+I: 2011) 0.96% 0.5% CYR (James Bay). Galaxy Resources (formerly Lithium One) PFS 11.75 (I: 2010) 1.30% 0.75% Whabouchi 5. Nemaska FS 27.3 (2016) 1.46% 0.43% Moblan West 6. Perilya(Globestar)/Soquem exploration- scoping 14.25 (M+I+I: 2011) 1.41% 0.60%

1. If consider Ta byproduct, Rose deposit (current Indicated resource of 26.5 million tonnes of 1.30% Li2O Eq. or 0.98% Li2O and 163 ppm Ta2O5 plus an Inferred resource of 10.7 million tonnes of 1.14% Li2O Eq. or 0.86% Li2O and 145 ppm Ta2O5) (CRE-web site, May 15th, 2016, diluted grades) 2. Canada Lithium, located near Authier, has a Feasibility Study showing proven and probable reserves of 17.1 million tonnes grading 0.94% Lithium Oxide at 0.60% cut off with a strip ratio of 5.4:1 in addition of having a Lithium Carbonate plant recently built at a cost of $291.3 million. The plant is currently on care and maintenance due to bankruptcy filings (Glen Eagle: 2015 project update). 3. Authier: measured and indicated resource of 7.7 million tonnes grading 0.96% Lithium Oxide at 0.50% cut off. The project has a ten year mine life based on processing 2,200 tonnes per day. The data was retrieved from Glen Eagle’s Preliminary Economic Assessment Study done by SGS Canada. The Authier Property Technical Report shows a core resource with 3.7 million tonnes grading 0.94% at a strip ratio of 2:1 (Glen Eagle: Dec 2015 project update). 4. James Bay lithium pegmatite Project in Quebec, Canada contains indicated resources of 11.75 million tonnes grading at 1.30% Li2O and inferred resources of 10.47mt grading at 1.20% Li2O. 5. Proven and Probable: 27.30 Mt at 1.46% Li2O (2016). Cut off grade is 0.43% Li2O open pit, 0.80% Li2O underground. 6. An independent 2011 Technical Report prepared on the Moblan West deposit calculated a total mineral resource of 14.25 million tonnes (M+I+I) at a grade of 1.41% Li2O using a 0.60% Li2O cut-off grade.

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Major Regional Resource Rose Deposit (Critical Elements Corp.)

  • Rose Deposit is 10Km SE of CORE Lithium Project
  • Resources contained in 9 of 23 sub-horizontal,

structurally-controlled pegmatites, at and near surface.

  • Zone thickness from 2m to 21m, averaging 13m.
  • Excellent potential to considerably and quickly increase

the size of deposit at Rose itself and the nearby Pivert and Helico showings.

  • Low iron in spodumene ore at Rose provide concentrates

which meet specs for technical grade (<0.25% Fe) products (i.e. high purity/low operating cost).

  • Potential revenue from tantalum and mica byproducts.
  • Rose production feasibility study completed in 2017.
  • Rose study was based on a conventional truck and

shovel open pit operation and conventional milling to produce technical and chemical grade spodumene concentrates and a tantalite concentrate.

  • Claims southeast of CORE owned by Critical Elements;

north and west have been explored for gold for last 6 years (Exploration Dios/ Osisko/ Eastmain Resources).

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Geology

  • Four pegmatite showings mapped regionally by

government geologist. No follow-up or sampling completed.

  • Several areas identified as potentially favourable

for Li (plus Ta, REE), Zn and Mo.

  • Favourable regional scale major structures plus

local (NNW, NNE and NE and roughly E-W trending) fractures and their intersections served as locus for intrusion of Li-rich pegmatites.

  • Immediate targets for follow-up based on past

regional Li exploration in James Bay area using specific satellite imagery and considering the regional scale vertical magnetic gradient along with known local/regional geology from Quebec government.

  • Cheap and cost-effective exploration

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Geology

  • Centrally located in lithium rich and

district-scale geologic sub-province with relatively large-scale pegmatite fields linked to specific regional rock units and structures.

  • Regional location in age-favourable

Superior Province within permissive Archean and NeoArchean geological domains (20km by 100km) characterized by tonalites, granodiorites and granites.

  • Favourable Li-bearing pegmatites are

proximal (1 to 5 km) of relatively homogeneous granitic intrusives (e.g. Mitsumis pluton) identified as parents.

  • Note similarity of geology between Rose

and CORE

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Geology

  • Pegmatites occur on the property within

granodiorite, tonalite, and monzogranite.

  • Characteristic and distinctive white pegmatites

readily identified in satellite imagery.

  • Same lithologic domain as Critical Element’s

26.5Mt 1.34% Li Rose Deposit

  • Located in a similar zone of intersection of

favorably oriented regional lineaments/structures found at Rose.

  • “Neighbourhood” Li deposits characterized by

excellent continuity; coarse crystal size; sparse zoning; average 10-15m thickness;

  • utcropping, with at least 800m of strike and

+1000m along dip.

  • Both Rose and Nemaska explored for only

1500m down-dip before identifying sufficient resources for feasibility-level production decision.

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Infrastructure & Jurisdiction

  • Regional infrastructure supports low cost

exploration.

  • Power line cuts through the property.
  • Satellite imagery shows pegmatite
  • utcropping for first phase sampling.
  • Quad ATV access from nearby network
  • f well maintained “heavy haul” roads.
  • Highly active area of exploration with

major contractors and suppliers nearby.

  • Production feasibility strategy based on

conventional truck and shovel open pit

  • peration and conventional milling.

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Proposed Work Program

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2018 – 2019

  • Airborne survey
  • Detailed geological & structural mapping
  • Field prospecting
  • Geophysical work
  • Grab and channel sampling
  • N.I. 43-101 report preparation
  • Diamond drill testing
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Management

Christopher Vallos, President and Executive Director As a senior executive, Mr. Vallos has a broad and deep experience as a general manager in both large corporate and entrepreneurial

  • environments. Mr. Vallos' experience provides a thorough understanding of the profit center concept, the management of annual budgeting,

and profit planning Mr. Vallos thinks strategically, plans convincingly, and is particularly effective in an inter-active environment that emphasizes a high level of communication and teamwork. Areas of expertise include, financial and strategic analysis. mergers and acquisitions, marketing and deal structuring, as well as strong general management experience. Mr. Vallos holds a Master of Business Administration from Lake Erie College, Painesville Ohio. Mr. Vallos currently is Certified Six Sigma Black-Belt and has extensive experience in the financial and

  • perational needs to run a successful company.

Ed Morrow, VP Mining Exploration

  • Mr. Morrow brings extensive mining expertise to our project. He has worked as an employee or consultant for over 35 years in exploration,

development and production in the natural resources area - in multiple commodities. He has held line and executive positions within the mining and minerals industry with Sonoma Quicksilver, Utah International Inc, InterPace Corporation, Federal Bentonite Corporation, Homestake Mining company, Laminco Resources Inc, and Zaruma Resources Inc. Mr. Morrow also has over 10 years’ experience in real estate management including planning, entitlement, permitting, engineering and construction management. Dov Zaidman, VP Finance

  • Mr. Zaidman is a founding partner of ZBS Group, LLP (an independent member of ABACUS Worldwide), a local practice based in Plainview,

New York, where he manages both the Audit and Taxation Divisions. He has over 30 years of Private and Public Company Audit, International Business and tax experience His areas of expertise include real estate, internet services, wholesale, restaurants and construction. He represents foreign clients who have business relationships in the United States as well as American businesses with international dealings. Dov started his career in 1983 holding various positions in both public and private accounting. Prior to forming ZBS Group, LLP, Dov had been a partner at Frumkin, Lukin & Zaidman, CPA’s, P.C. In private accounting, he held the position of Assistant Director of Revenue with Tower Air International Inc and US Financial Controller at Travelex America, Inc. a major foreign currency exchange. While in this position, he gained international experience.

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Summary

  • Project Location: Northern Quebec, Canada
  • Project Area: Fifty-six (56) contiguous claims totalling over 3,000Ha in an Lithium-enriched geologic domain.
  • Claim staking based on historic government exploration, interpretation of overlooked Lithium-Cesium-

Tantalum (LCT) pegmatite-bearing regional structures.

  • Close proximity to cheap power source, with power lines cutting through property.
  • Identified by experienced project generators with direct experience in advancing Quebec lithium deposits.
  • Existing infrastructure already in-place.
  • Strategic Location: Close proximity to Critical Element’s Rose Deposit, with favourable and major regional

scale structures, plus local fractures and their intersections serve as locus for intrusion of Li-rich pegmatites.

Favourable Geology │ Potentially Large Shallow Resource │ Accessible Infrastructure

Core Lithium Corp. is uniquely positioned to leverage the global shift to Electric Vehicles.

16 Lithium has always been an important element, but with the advancement of electric vehicles coming to the forefront of 21st century transportation needs, being able to readily and consistently produce low cost, technical-grade Lithium is more important than ever.

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Core Lithium Corp. 250 East Fifth Street, 15th Floor PMB#121 Cincinnati, OH 45202 USA Tel: +1 (513) 924-4980 info@corelithium.com

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Thank You

OTC: CORX