Lithium Extraction
Lithium Powering the Future of Mobility
Why Lithium?
Energy Transition
- Key material in the electrification of world economies
- USA & European governments mandating EV targets
- Global EV battery demand to grow 1500% by 2030 (3)
Strategic Resource
- Lithium value chain vulnerable to geopolitical tensions
- 60% of global lithium processing capacity in China
- North American lithium – resource security premium
Supply Diversification Needed
- Australia, Chile, and China produced 46%, 24%, and 16% respectively of global lithium production in 2020
Market
Timing
- Large gap between current supply vs expected demand
- Lithium carbonate price up 300% since January 2021
News
Lithium Extraction - Project 1
Pantera Minerals (ASX:PFE) enters the lithium-rich Arkansas ‘Smackover Formation’, USA, with an investment into Daytona Lithium Pty Ltd (Daytona).
The ‘Smackover Formation’ is considered to be one of the significant lithium regions globally, with other major brine players including Exxon (NYSE:XOM), Standard Lithium (NYSE:SLI) and Albemarle Corporation (NYSE:ALB) in adjacent projects.
Portfolio Overview
2CP has identified lithium brine direct extraction projects within North America
where our expertise and dedication have consistently delivered outstanding results.”
Our team is well-versed in navigating the complexities of these industries and can assist you with
PROJECT 1 – LOWER USA
• Initial Funding Secured
• Lease Target 75-100k acres
• Current leases +/- 5,000 acres
• Excellent infrastructure
• Medium depth
PROJECT VALENCE - LOWER USA
• Funding negotiations underway
• P50 prospect size 600k acres
• Lease Target 100-250k acres
• Excellent infrastructure
• Medium depth
PROJECT 3 – NORTHERN USA
• P50 prospect size 600k acres
• Lease Target 100+k
• Excellent infrastructure
• Green Field Leasing
• Shallow To Medium depth
PROJECT 4 – CANADA
• P50 prospect size 2.3m acres
• Lease Target 100-300k acres
• Excellent infrastructure
• Green Field / Government /
Farm-in
• Shallow – Deeper depth
Project 1 funding with a leasing program underway
Project Valence funding negotiations ongoing
Projects identified from extensive database with >300k drill logs and fluid samples
Total historic resource size estimates at 1-5 Million tonnes of lithium carbonate per prospect
Technical reviews of direct lithium extraction (“DLE”) technology providers ongoing
Our Portfolio in Strategic Locations
- 4 world class projects in proximity to end users – reducing transportation costs
- Each has the potential to be a world class resource of 1 – 5 million tons Lithium Carbonate
- Equivalent to 19M – 95M EV batteries
- Renewable energy across most projects
- Automotive companies are accelerating EV production and focused on securing supply chains
Lithium Extraction
Most of the world’s lithium reserves are found in natural saltwater brine deposits. We are targeting subsurface brines using modern Direct Lithium Extraction (DLE) technology.
Technologies used for DLE can be broken down into the following categories;
Ionic, Nanofiltration, Osmosis and Membranes
The selection of the appropriate technology for any given resource includes many factors, not least the suitability of the process for the specific chemical composition of the brine being produced.
The historical extraction process for extracting lithium requires large evaporation ponds covering many thousands of acres, is environmentally destructive, unsightly, slow (as much as two years), and is impacted by adverse weather.
The process suffers from low recovery rates (typically no more than 40%), product purity issues and is ill suited to many of the new brine discoveries required to reach EV and battery storage targets.
Modern DLE extraction technology enhances Lithium recovery rates to 80-90+%, improves economic returns & project feasibility, reduces time to first production and limits environmental impacts when compared to traditional extraction methods.
Three Leading DLE technology partners shortlisted.
Considered Direct Lithium Extraction Providers
Technology: Ion exchange – Nano beads
Recovery: 90+%
Status: Private, raising capital for expansion
Proven expertise in the development of new and innovative mineral recovery technologies, covering silica (world first), lithium and boron in the pipeline.
Successfully recovered lithium from low, moderate and high-grade brine types covering Europe, the Americas and New Zealand at laboratory and pilot scale.
Pilot plant operational in Geothermal field in NZ.
Technology: Selective absorption
Recovery: [90+]%
Status: Public, market cap of c. C$500m
Originally acquired metallurgy to process lithium containing brines from FMC.
Launched aggressive development program focused on proving its technology and then expanding to full scale operations.
Moving to acquire acreage and secure lithium resource for processing with own technology
US testing and demonstration in March 2022, targeting shipment to South American Salar in Q2 2022.
Technology: Ion Exchange – beads
Recovery: 80+%
Status: Private, raised Series B of c. US$150m in 2021.
Have reviewed and approved samples from one of 2CP’s projects for use with their technology.
Announced agreement with Lake Resources to farm into the Kachi Lithium project in Argentina in exchange for technology and engineering contributions.
Valuation Growth Potential
