INFINITY METALS LIMITED — Investor Presentation 2019

Jan 31, 2019

==> picture [182 x 79] intentionally omitted <==

ACN 147 413 956

ASX: INF ANNOUNCEMENT

1 February 2019

European Conferences and 9[th] International Advanced Automotive Battery Conference Presentation

HIGHLIGHTS

• Infinity engages with key European stakeholders at EBA250 with raw materials and chemical processing capabilities remaining a high priority for the European Commission, European Investment Bank, and major European automobile OEMs

• European Investment Bank actively seeking to support European raw materials and refining projects to strengthen the strategic position of the European Union lithium-ion battery and electric vehicle sectors

• Infinity presents development of the European lithium-ion battery supply chain to leading battery technology delegates and key automotive OEM suppliers at the 9[th] Advanced Automotive Battery Conference

European Battery Alliance EBA250 – Brussels

Infinity Lithium Corporation Limited (‘Infinity’ or ‘the Company’) was invited to attend The European Battery Alliance (‘EBA’) EBA250 and participate in round table discussions with delegates. EBA250 focused on the progression of European interests in the lithium-ion battery supply chain with particular onus on the investment and commitment required further upstream in battery chemical production. European battery cell production and assembly has accelerated interest in the alignment of financial institutions and business in battery industry fundamentals. In more than five decades Europe has not been presented a more significant opportunity than that of the electrification of vehicles and energy storage.

Jens Weise (Head of Industrial Co-operations and Partnerships, Volkswagen AG) outlined Volkswagen’s “Strategy 2025 - Building cars for millions, not millionaires” to produce 50 electric vehicle (‘EV) and 30 plug-in hybrid electric vehicle models (‘PHEV’) by 2025, and the requirement for the equivalent of 6 lithium-ion battery (‘LIB’) giga-factories to facilitate solely Volkswagen’s demand. Both Mr Weise and Andrew A. McDowell (VicePresident, European Investment Bank, ‘EIB’) called for the reduced dependency of Europe on Chinese LIB battery producers and in particular the control of battery chemicals and cell production.

Infinity’s San Jose Lithium Project contains the European Union’s (‘EU’) second largest lithium JORC resource and has recently released a positive scoping study, placing it ideally to supply battery grade chemicals into the European market.

Infinity Lithium Corporation Limited

www.infinitylithium.com

ASX:INF

==> picture [182 x 79] intentionally omitted <==

ACN 147 413 956

==> picture [447 x 173] intentionally omitted <==

FIGURE 1: REPRESENTATION OF A EUROPEAN FULLY INTEGRATED LITHIUM-ION BATTERY SUPPLY CHAIN

Note:

• 1) Electric cars include HEV, PHEV and EV.

• 2) Average battery pack for EV is 33kWh in 2017, 45kWh in 2025 and 52kWh in 2030.

• 3) PHEV average battery pack around 12kWh, HEV around 1kWh.

• 4) LCE consumption per kWh averaging 0.9Kg.

The EIB acknowledged the importance of Europe’s strategic position in the LIB supply chain, promoting the sector and the EIB’s commitment to provide capital to facilitate growth EV market and European value chain participants. Mr McDowell noted that the EIB had identified the significant gap in the market for battery chemicals and reinforced the EIB’s specific focus on “raw materials and refining facilities”. The ability to ethically source raw materials and consideration of CO2 emissions remains a priority for the European market. Infinity’s strategic location in the EU and environmentally advantageous process flow sheet reinforces San Jose’s position as a strategically important asset within Europe.

Maroš Šefčovič (Vice-President, European Commission, ‘EC’) expressed his desire to continue to bring investments and investors to the LIB and EV sector with more than €300 billion invested to date. The continued threat posed to the European automotive industry from Chinese battery chemical producers, battery cell and assembly manufacturers has seen significant allocations of funding to assist high quality European projects.

The updated Strategic Action Plan on Batteries by the EC will bring increased certainty for investments as far as regulation and institutional support are concerned. In a continued theme for the conference, primary and secondary raw materials remain a priority for the EC to address the gap in the existing value chain with no current capacity to refine battery chemicals. The EC and EIB are promoting a harmonised view to building and supporting processing and refining capabilities with Europe.

Advanced Automotive Battery Conference – Strasbourg

Infinity attended the 9[th] International Advanced Automotive Battery Conference (‘AABC’) in Strasbourg which brought together a global conglomeration of leading chief battery technology participants from key automotive OEM suppliers.

The conference was attended by more than 1,000 international delegates, with industry leading experts gathering to address lithium battery chemistry, battery raw materials, and battery engineering as OEMs are expanding their EV development programs, increasing production and investment commitments.

Infinity Lithium Corporation Limited

www.infinitylithium.com

ASX:INF

ACN 147 413 956

==> picture [182 x 79] intentionally omitted <==

Vincent Ledoux-Pedailles presented to a full house as part of the global battery raw materials segment in the development of the lithium-ion battery supply chain in Europe and its influence on critical raw materials. A copy of the presentation is attached to this announcement.

Infinity continues to progress the San Jose Lithium Project with joint venture partners Valoriza Mineria (‘Valoriza’), a subsidiary of listed Spanish construction and engineering company Sacyr S.A.

For further inquiries please contact;

Ryan Parkin CEO, Managing Director T: +61 (0) 429 228 857 E: rparkin@infinitylithium.com Nick Morrison

Namcomm Consulting - Principal T: +61 (0) 424 823 100 E: nick@namcomm.com.au

Infinity Lithium Corporation Limited

www.infinitylithium.com

ASX:INF

==> picture [147 x 59] intentionally omitted <==

==> picture [75 x 25] intentionally omitted <==

The Development of the Lithium-Ion Battery Supply Chain in Europe and its Influence on Critical Raw Materials

INFINITY LITHIUM Vincent Ledoux-Pedailles January 2019

Disclaimer

==> picture [75 x 25] intentionally omitted <==

For Consideration

• ❖ This presentation has been prepared by Infinity Lithium Corporation Limited “Infinity Lithium”. This document contains background information about Infinity Lithium current at the date of this presentation. The presentation is in summary form and does not purport to be all inclusive or complete. Recipients should conduct their own investigations and perform their own analysis in order to satisfy themselves as to the accuracy and completeness of the information, statements and opinions contained in this presentation.

• ❖ This presentation is for information purposes only. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sales of shares in any jurisdiction.

• ❖ This presentation does not constitute investment advice and has been prepared without taking into account the recipient’s investment objectives, financial circumstances or particular needs and the opinions and recommendations in this presentation are not intended to represent recommendations of particular investments to particular persons. Recipients should seek professional advice when deciding if an investment is appropriate. All securities involve risks which include (among others) the risk of adverse or unanticipated market, financial or political developments.

• ❖ To the fullest extent permitted by law, Infinity Lithium, its officers, employees, agents and advisors do not make any representation or warranty, express or implied, as to the currency, accuracy, reliability or completeness of any information, statements, opinions, estimates, forecasts or other representations contained in this presentation. No responsibility for any errors or omissions from this presentation arising out of negligence or otherwise are accepted.

• ❖ This presentation may include forward-looking statements. Forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions which are outside the control of Infinity Lithium. Actual values, results or events may be materially different to those expressed or implied in this presentation. Given these uncertainties, recipients are cautioned not to place reliance on forward looking statements. Any forward looking statements in this presentation speak only at the date of issue of this presentation. Subject to any continuing obligations under applicable law, Infinity Lithium does not undertaken any obligation to update or revise any information or any of the forward looking statements in this presentation or any changes in events, conditions, or circumstances on which any such forward looking statement is based.

Competent Persons Statement

• ❖ The information in this report that relates to Exploration Targets and Mineral Resources is based on the information compiled by Mr Patrick Adams, of Cube Consulting Pty Ltd (Perth). Mr Adams has sufficient relevant professional experience with open pit and underground mining, exploration and development of mineral deposits similar to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of JORC Code He has visited the project area and observed drilling, logging and sampling techniques used by Infinity Lithium in collection of data used in the preparation of this report. Mr Adams is an employee of Cube Consulting Pty Ltd and consents to be named in this release and the report as it is presented.

• ❖ The information in this report that relates to Exploration Results is based on the information compiled or reviewed by Mr Adrian Byass, B.Sc Hons (Geol), B.Econ, FSEG, MAIG and an employee of Infinity Lithium. Mr Byass has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the JORC Code. Mr Byass consents to the inclusion in the report of the matters based on this information in the form and context in which it appears.

==> picture [101 x 30] intentionally omitted <==

Infinity Lithium Corporation

Electric mobility From Wait and See mode to Action mode

Batteries

Alliances & Long term Supply – Strong Exposure to Asia

Europe Could Become The #2 Largest Market For Battery Metals

==> picture [66 x 67] intentionally omitted <==

==> picture [75 x 25] intentionally omitted <==

INTRODUCTION

==> picture [76 x 77] intentionally omitted <==

Europe

==> picture [69 x 69] intentionally omitted <==

To Become #2 Largest EV Maker In The World

==> picture [80 x 76] intentionally omitted <==

==> picture [137 x 86] intentionally omitted <==

EU & Governments Start To Intervene & Protect The Region

Co, Ni, Li Europe Is A Minor Battery Raw Materials Producer

Large Domestic Resources & Projects To Support The Industry

==> picture [58 x 57] intentionally omitted <==

==> picture [101 x 30] intentionally omitted <==

Infinity Lithium Corporation

Who Really Controls the Lithium-ion Batteries Supply Chain?

==> picture [75 x 25] intentionally omitted <==

==> picture [920 x 392] intentionally omitted <==

Source: IHS Markit

*Including HEV, PHEV & EV

==> picture [101 x 30] intentionally omitted <==

Infinity Lithium Corporation

E-MOBILITY

Q3 2018 News The European EV Supply Chain

==> picture [75 x 25] intentionally omitted <==

==> picture [896 x 165] intentionally omitted <==

----- Start of picture text -----

European
“European parliament backs 40% cut in vehicle CO2”
Parliament
“The Government proposes to veto the The “It’s the only way forward': Madrid bans polluting
El Pais
sales of gasoline and diesel cars in 2040” Guardian vehicles from city center”
Reuters Audi
“VW plans to sell electric Tesla rival Audi will invest over €14 billion
for less than 20,000 euros” in e-mobility advance
----- End of picture text -----

==> picture [960 x 60] intentionally omitted <==

==> picture [865 x 207] intentionally omitted <==

----- Start of picture text -----

Reuters Volkswagen says last generation
of combustion engines to be
launched in 2026
“VW capable of building 50 million
Reuters Financial Times
electric vehicles” Reuters
Brussels agrees 2030 carbon
VW says could build up to 15
dioxide targets for cars
million electric cars
The Driven
“Electric car sales surge in Europe, as
diesel car sales slump”
----- End of picture text -----

==> picture [101 x 30] intentionally omitted <==

Infinity Lithium Corporation

Global EV Outlook – China in the Lead, Europe to Follow

==> picture [75 x 25] intentionally omitted <==

Light Vehicle Production

==> picture [457 x 274] intentionally omitted <==

----- Start of picture text -----

30
2
25
3
20
7
15
10
15
5
0
2016 2020 2025 2030
China Europe USA RoW
----- End of picture text -----

No matter which forecast you are looking at, all predict tremendous growth in EVs

McKinsey : EV production will reach more than 26 million globally by 2030. China is expected to add around 15 million EVs by year 2030 (56% market share), followed by Europe (26% market share) and the US (12% market share)

BNEF : EVs sales to surge to 30 million by 2030. China leads with sales reaching almost 39% of the global market in 2030. China leads on adoption rates, with EVs accounting for 19% of all passenger vehicle sales in China in 2025. Europe is close behind at 14%, followed by the U.S. at 11%

Platts : by 2025, the EU will actually have a deeper penetration rate for EVs (30%) than in China (15%) and in the US (8%).

Source: McKinsey Sustainable Mobility Initiative

==> picture [101 x 30] intentionally omitted <==

Infinity Lithium Corporation

E-Mobility: Electric Cars Are Not The Entire Story

==> picture [137 x 40] intentionally omitted <==

==> picture [75 x 26] intentionally omitted <==

• A large part of the mobility market is unaccounted for in lithium-ion battery forecast

• The road, the sea and the sky will move to electric too with many companies working towards this goal, from the small start up to the large corporation

• Those applications will lead to further growth for demand and additional pressure on battery raw materials in the future

==> picture [92 x 16] intentionally omitted <==

----- Start of picture text -----

Road Heavy
----- End of picture text -----

==> picture [229 x 134] intentionally omitted <==

==> picture [229 x 133] intentionally omitted <==

Road Light

==> picture [229 x 134] intentionally omitted <==

==> picture [229 x 134] intentionally omitted <==

Sea/Water Ways

==> picture [229 x 134] intentionally omitted <==

==> picture [229 x 133] intentionally omitted <==

==> picture [30 x 17] intentionally omitted <==

----- Start of picture text -----

Sky
----- End of picture text -----

==> picture [229 x 134] intentionally omitted <==

==> picture [229 x 134] intentionally omitted <==

Infinity Lithium Corporation

LITHIUM-ION BATTERIES

Q3 News around the European Li-ion Battery Supply Chain

==> picture [75 x 26] intentionally omitted <==

Financial “BMW Group, Northolt and Umicore join forces to Times develop sustainable life cycle loop for batteries”

Business Korea

Samsung SDI close to Landing a $1 Billion EV Battery Order from BMZ

==> picture [53 x 42] intentionally omitted <==

Business “Coventry to become home to UK’s first Desk manufacturing site for electric car batteries”

==> picture [37 x 35] intentionally omitted <==

==> picture [38 x 35] intentionally omitted <==

Reuters

==> picture [41 x 28] intentionally omitted <==

“Germany has set aside 1 billion euros to support battery cell production”

Reuters “Germany's Varta steps up plans to mass produce electric car battery cells”

==> picture [37 x 35] intentionally omitted <==

VW

“Volkswagen nominates further battery cell supplier – SK Innovation”

==> picture [40 x 41] intentionally omitted <==

Daimler to buy $23 Reuters billion of battery cells for electric car drive

==> picture [38 x 35] intentionally omitted <==

==> picture [106 x 14] intentionally omitted <==

==> picture [97 x 16] intentionally omitted <==

==> picture [960 x 60] intentionally omitted <==

==> picture [53 x 42] intentionally omitted <==

==> picture [52 x 43] intentionally omitted <==

==> picture [53 x 35] intentionally omitted <==

==> picture [53 x 43] intentionally omitted <==

==> picture [68 x 39] intentionally omitted <==

==> picture [66 x 37] intentionally omitted <==

==> picture [53 x 43] intentionally omitted <==

“EU to offer billions of Financial Times funding for electric battery plants, four groups planning to build European rival to Tesla’s ‘gigafactory’”

Reuters

“BASF and Nornickel join forces in European EV battery push”

Reuters

“France seeks European battery deal as electric car growth accelerates”

Electrive

“Germany wants to have about 30% of global battery production in 2030 take place in Europe.”

Electrive

BYD considers European battery cell factory

Electrive

Audi agrees to assemble battery packs in Germany

Bmwi

Germany and France declare support for battery production

==> picture [101 x 30] intentionally omitted <==

Infinity Lithium Corporation

A Number of New Lithium-ion Factories Planned in Europe

==> picture [101 x 30] intentionally omitted <==

==> picture [939 x 496] intentionally omitted <==

----- Start of picture text -----

LIB Giga Factories
Capacity by 2025
600
300
0
Source: Benchmark Minerals
Infinity Lithium Corporation
GWh
China
US
Europe
----- End of picture text -----

New Cathode Investments – One More Step Towards Back Integration

==> picture [75 x 25] intentionally omitted <==

Cathode Investments in Europe

==> picture [71 x 48] intentionally omitted <==

==> picture [71 x 48] intentionally omitted <==

==> picture [71 x 48] intentionally omitted <==

==> picture [72 x 48] intentionally omitted <==

==> picture [102 x 39] intentionally omitted <==

==> picture [102 x 38] intentionally omitted <==

==> picture [120 x 41] intentionally omitted <==

==> picture [90 x 17] intentionally omitted <==

Umicore is planning to build a cathode plant in Poland. The first phase of this investment is included in the € 660 million programme announced earlier this year. Umicore is due to start deliveries in late 2020.

BASF and Norilsk Nickel enter exclusive negotiations to cooperate on raw material supply for battery materials production in Europe. BASF intends to invest up to €400 million in a first step to build production plants for cathode materials in Europe.

Johnson Matthey expects to start production in 2021-22 in Europe of a battery material it has developed with improved performance and reduced cobalt content to contain costs.

Northvolt is also planning to build its cathodes in-house after they start their battery factory in Sweden.

==> picture [101 x 30] intentionally omitted <==

Infinity Lithium Corporation

==> picture [75 x 25] intentionally omitted <==

ALLIANCES Metals - Batteries - EV

2018 Key Agreements & Investments in the Lithium-ion Battery Supply Chain

==> picture [623 x 499] intentionally omitted <==

----- Start of picture text -----

Lithium Li-ion Cells & Components
Ganfeng
North America
Lithium
Nemaska
Soft Bank
Ganfeng
SQM Tianqi
Kidman
Pilbara
Galaxy
Hanwa
Bacanora
Orocobre Toyota
Tsusho
Ganfeng
Kidman
Mitsui
Sigma
AMG
----- End of picture text -----

EV Makers

==> picture [310 x 472] intentionally omitted <==

2018 Key Agreements & Investments in the Lithium-ion Battery Supply Chain

==> picture [933 x 499] intentionally omitted <==

----- Start of picture text -----

Lithium Li-ion Cells & Components EV Makers
Ganfeng
North America
Lithium
Nemaska
Soft Bank
Ganfeng
SQM Tianqi
Kidman
Pilbara
Galaxy
Hanwa
Bacanora
Orocobre Toyota
Tsusho
Ganfeng
Kidman
Mitsui
Sigma
AMG
----- End of picture text -----

Multiple Lithium Offtake Deals – Dominated by Asia

==> picture [643 x 500] intentionally omitted <==

==> picture [75 x 25] intentionally omitted <==

==> picture [66 x 40] intentionally omitted <==

37 offtake deals 76% from Asia 51% Chinese 8% Europe 55% Feedstock Supply Deal Infinity Lithium Corporation

POLITICAL SUPPORT

European Intervention & Protectionism Is On Its Way

==> picture [93 x 100] intentionally omitted <==

==> picture [78 x 98] intentionally omitted <==

Patrick Pouyanné - CEO Total

“I will not launch the group and Saft in operations worth several billion euros if in the end we do not have the fair competitive framework between us and others”

"Today, if you want to provide an electric vehicle in China with a battery, it must be built in China by a Chinese manufacturer"

"The dialogue we're having with European governments is to know if we can protect ourselves like that in Europe."

==> picture [93 x 100] intentionally omitted <==

==> picture [74 x 74] intentionally omitted <==

Maros Sefcovic - Vice President of the European Commission “The European EV battery market could come to be worth 250 billion euros annually by 2025”

==> picture [71 x 48] intentionally omitted <==

“We are ready to discuss … financial assistance – be it under the Important Projects of Common European Interest (IPCEI) or under Public Private Partnerships with the European Investment Bank (EIB).”

==> picture [39 x 40] intentionally omitted <==

==> picture [39 x 39] intentionally omitted <==

==> picture [75 x 25] intentionally omitted <==

==> picture [33 x 33] intentionally omitted <==

==> picture [121 x 110] intentionally omitted <==

==> picture [27 x 27] intentionally omitted <==

==> picture [38 x 36] intentionally omitted <==

==> picture [33 x 33] intentionally omitted <==

==> picture [132 x 117] intentionally omitted <==

----- Start of picture text -----

?
----- End of picture text -----

==> picture [27 x 28] intentionally omitted <==

==> picture [101 x 30] intentionally omitted <==

Infinity Lithium Corporation

Germany Leading European Efforts For Mass Electrification

==> picture [75 x 25] intentionally omitted <==

==> picture [83 x 83] intentionally omitted <==

“Germany has set aside 1 billion euros to support battery cell production in order to reduce the dependence of German carmakers on Asian battery suppliers and protect German jobs”

==> picture [83 x 83] intentionally omitted <==

Angela Merkel German Chancellor

“I think we should, within the framework of our own strategic abilities, work with other European countries on our own battery cell production ”

==> picture [83 x 83] intentionally omitted <==

Peter Altmaier German Economy Minister

==> picture [84 x 84] intentionally omitted <==

Christian Hirte

Deputy Economy Minister

==> picture [101 x 30] intentionally omitted <==

“The goal is to cover around 30 percent of global demand for battery cells from German and European production by 2030”

==> picture [249 x 186] intentionally omitted <==

“We have a concentration of risk in the automobile sector …The industry is too dependent on the combustion engine…The government therefore wants to help the sector in its efforts to diversify”

Infinity Lithium Corporation

EU Finally Focus on Strategic Raw Materials

==> picture [75 x 25] intentionally omitted <==

==> picture [59 x 59] intentionally omitted <==

“EU accelerating plans to develop lithium mining & refining capacity”

• EU push to develop a strategic value chain for manufacturing EV LIBs inside Europe

• Europe now wants to secure access to the raw materials

• Inside Europe, attention has focused on mapping out the raw materials available on European soil

• “There are new projects for production in Europe. Mines are opening or reopening and there is prospection going on to open some new ones”

==> picture [201 x 201] intentionally omitted <==

==> picture [76 x 48] intentionally omitted <==

EU’s Critical Raw Materials

• CRM – strategic classification of raw materials allows for subsidies and support

Olga Garcia Garcia, Minister of Economy & Infrastructure of Extremadura – Spain

==> picture [63 x 41] intentionally omitted <==

• Whilst lithium is not currently on the CRM, movement in the space suggests the importance and dynamic of supply in raw materials is readily recognized

“Mining in Extremadura (Spain) is a key strategy in the energy transition"

Infinity Lithium Corporation

EUROPEAN BATTERY METALS

Today, Europe is Poorly Integrated in the Li-ion battery Supply Chain

==> picture [75 x 25] intentionally omitted <==

Upstream

Middle stream

Downstream

Battery Metals Supply

Lithium

~100% from China, EU Australia, South America & US

Cobalt

Majority from the EU Democratic Republic of Congo & China

Nickel Supply

EU marginal producer EU Majority from Indonesia, Philippines, Canada, Russia, etc.

Battery Manufacturing Chain Cathodes Lithium-ion Battery EU EU

Upcoming investments but today almost >90% in Asia

Europe remains a small centre for lithium-ion battery production

Other Components

Battery plants are owned by Asian companies

Most battery cells are imported from Asia

EU

90% in Asia

Electric Vehicles EV Production EU

Europe set to become the #2 largest Electric Vehicles EV maker in the world

Strong governments incentives in place

Strong adoption rate expected in the Energy Storage coming years

==> picture [101 x 30] intentionally omitted <==

Infinity Lithium Corporation

A Fully Integrated European Lithium-ion Battery Supply Chain

==> picture [86 x 70] intentionally omitted <==

The EU is pushing to have a fully integrated domestic supply chain, from producing EVs all the way back to producing raw materials. What would it mean for domestic lithium demand?

==> picture [75 x 25] intentionally omitted <==

==> picture [700 x 275] intentionally omitted <==

----- Start of picture text -----

European Electric Equivalent Battery Lithium Demand
Million Car Production GWh Production Kt LCE Equivalent
14 300 250
12
250
200
10
200
150
8
150
6
100
100
4
50
50
2
0
0 0
2017 2025 2030
2017 2025 2030 2017 2025 2030
Source: HSBC
----- End of picture text -----

==> picture [38 x 185] intentionally omitted <==

x16 times

San Jose Project (15kt/y)

==> picture [86 x 85] intentionally omitted <==

==> picture [74 x 69] intentionally omitted <==

==> picture [52 x 51] intentionally omitted <==

Notes: Electric cars include HEV, PHEV and EV. Average battery pack for EV is 33kWh in 2017, 45kWh in 2025 and 52kWh in 2030. PHEV average battery pack around 12kWh, HEV around 1kWh. LCE consumption per kWh averaging 0.9Kg.

==> picture [101 x 30] intentionally omitted <==

Infinity Lithium Corporation

==> picture [75 x 25] intentionally omitted <==

Many Paths to Develop an Integrated European Supply Chain

==> picture [125 x 129] intentionally omitted <==

----- Start of picture text -----

EV
----- End of picture text -----

==> picture [75 x 73] intentionally omitted <==

----- Start of picture text -----

Cell
----- End of picture text -----

==> picture [75 x 76] intentionally omitted <==

----- Start of picture text -----

Battery
----- End of picture text -----

Lithium-ion Battery Supply Chain Mining Conversion Cathode

Today

==> picture [848 x 116] intentionally omitted <==

Example 1

Example 2

Tomorrow

Example of multi-level collaboration

Co-owned /

co-developed conversion Collaboration with plant in the EU a cathode maker

Battery fitted in a European EV

Cell and Battery pack manufactured in Europe by a Japanese producer

European Mine

==> picture [849 x 55] intentionally omitted <==

In the Future

==> picture [101 x 30] intentionally omitted <==

==> picture [848 x 56] intentionally omitted <==

Cathode Evolution: Nickel-rich NMC to Dominate the Industry

==> picture [75 x 25] intentionally omitted <==

Lithium Hydroxide Preferred

==> picture [816 x 346] intentionally omitted <==

----- Start of picture text -----

EV Battery Chemistry Mix Preferred
100%
3%
7% 5%
9% Other
90%
21% 21%
80%
LFP
22%
70%
NCA
6%
21%
60%
6% 36% 93%
50% NCM 811
Market
40% 22% Share by
NCM 721
30% 48% 2025
20% NCM 622
37%
29%
10%
NCM 111
6%
0%
2018 2021 2025
Source: UBS
----- End of picture text -----

==> picture [101 x 30] intentionally omitted <==

Infinity Lithium Corporation

Many Paths to Market but Integration & Proximity is Key

==> picture [75 x 25] intentionally omitted <==

1- South America to Asia

Brine

==> picture [54 x 54] intentionally omitted <==

Chile Arg.

==> picture [61 x 42] intentionally omitted <==

==> picture [61 x 41] intentionally omitted <==

• Regulators controlling sales & Production

==> picture [43 x 29] intentionally omitted <==

• quotas Low Li2CO3 production cost

• • Water rights • But additional conversion • High political and costs for LiOH $$$

• Li2CO3 converted internationally to LiOH

• • Additional conversion & freight costs $$$

==> picture [45 x 23] intentionally omitted <==

• High political and economicall risk

==> picture [32 x 32] intentionally omitted <==

==> picture [47 x 47] intentionally omitted <==

==> picture [35 x 36] intentionally omitted <==

• Remote & harsh climate

• Up to 40% royalties in Chile $$$

• • Increase cost of production by ~50%*

• • New export taxes in Argentina $$$

• Weather dependant

• High re-agents & logistics costs $$$

• Living organism , etc.

==> picture [62 x 41] intentionally omitted <==

==> picture [62 x 42] intentionally omitted <==

==> picture [62 x 41] intentionally omitted <==

==> picture [101 x 30] intentionally omitted <==

Infinity Lithium Corporation

* Using an average selling price of US$13,500

Many Paths to Market but Integration & Proximity is Key

==> picture [75 x 25] intentionally omitted <==

1- Australia to Asia

==> picture [960 x 328] intentionally omitted <==

----- Start of picture text -----

Environmental
penalties &
Shutdowns
•
Mining friendly
• Hazardous Tax $$
Low political and
chemicals
economical risk 8,000 km $ Non-integrated Freight $
• Small royalties $ Feedstock $$$
Ex-China
Spodumene
Import Energy Domestic
Integrated
intensive
duties $
Aus.
•
Remote
•
Logistics Trucking $ Limited domestic re- Energy costs $$ Freight $
costs $
agents availability $
----- End of picture text -----

==> picture [62 x 39] intentionally omitted <==

==> picture [62 x 40] intentionally omitted <==

==> picture [61 x 41] intentionally omitted <==

==> picture [61 x 42] intentionally omitted <==

==> picture [101 x 30] intentionally omitted <==

Infinity Lithium Corporation

Many Paths to Market but Integration & Proximity is Key

==> picture [75 x 25] intentionally omitted <==

3 – Europe to Europe

==> picture [947 x 192] intentionally omitted <==

----- Start of picture text -----

NO
• NO
Mining friendly region
Import
Domestic re-agents
• Low risk Royalties
duties available
San Jose
Spain
1-3km
Integrated NO
• Gas pipeline
Low strip ratio
• trucking adjacent Export
Open pit
taxes
----- End of picture text -----

==> picture [62 x 42] intentionally omitted <==

==> picture [63 x 41] intentionally omitted <==

==> picture [62 x 42] intentionally omitted <==

==> picture [63 x 41] intentionally omitted <==

==> picture [61 x 42] intentionally omitted <==

==> picture [101 x 30] intentionally omitted <==

Infinity Lithium Corporation

Li Hydroxide – Integrated Mineral Feedstock to Dominate

==> picture [75 x 25] intentionally omitted <==

Hydroxide Cost Curve, Post-Taxes & Royalties

==> picture [905 x 367] intentionally omitted <==

----- Start of picture text -----

16,000
14,000
Independent Converter
12,000
Integrated Converter
10,000
Integrated Brine
8,000
OPEX
OPEX
6,000
SAN JOSE
SAN JOSE
$5,300 per
$5,343
4,000 ton
2,000
0
- 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000 50,000 55,000 60,000
Source: Orocobre 2018 Forecasted Supply
US$/T LCE
----- End of picture text -----*

==> picture [101 x 30] intentionally omitted <==

Infinity Lithium Corporation

==> picture [75 x 25] intentionally omitted <==

INFINITY LITHIUM San Jose Lithium Project

Disclaimer

==> picture [75 x 25] intentionally omitted <==

Scoping Study – Cautionary Statement

The Study referred to in this announcement is a preliminary technical and economic investigation of the potential viability of the San Jose Lithium-Tin Project. It is based on low accuracy technical and economic assessments, (+/- 35% accuracy) and is insufficient to support estimation of Ore Reserves or to provide assurance of an economic development case at this stage; or to provide certainty that the conclusions of the Study will be realised. The Production Target referred to in this announcement is based on 91% Indicated Resources and 9% Inferred Resources for the life of mine life covered under the Study. In accordance with the twenty four (24) year mine plan incorporated into the Study, the first three (3) years of production (covering payback period) will come 96% from Indicated Resources. For full details of the Study refer to ASX announcement 29 November 2018.

Competent Persons Statement

Snowden Mining (2017) and Cube Consulting (2018) estimated the total Mineral Resource for the San Jose lithium deposit using Ordinary Kriging interpolation methods and reported above a 0.1% Li cut-off grade. Full details of block modelling and estimation are contained in the ASX announcement dated 5 December 2017 and updated 22 May 2018.

The Resource which supports the Scoping Study was announced to the ASX on the 23 May 2018. Infinity is not aware of any new information or data that materially affects the information included in this ASX release, and Infinity confirms that, to the best of its knowledge, all material assumptions and technical parameters underpinning the resource estimates in this release continue to apply and have not materially changed.

The resource information in this report that relates to the December 2017 and updates in May 2018, updated Mineral Resources is based on the information compiled by Mr Patrick Adams, FAusIMM CP (Geology) and Mr Adrian Byass B.Sc Hons (Geol), B.Econ, FSEG, MAIG. Mr Adams and Mr Byass have sufficient relevant professional experience with open pit and underground mining, exploration and development of mineral deposits similar to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as Competent Person(s) as defined in the 2012 Edition of JORC Code. Mr Adams has not visited the project area and has relied on the documented (Byass, 20162018, Peters, May 2017) drilling, logging and sampling techniques used by Infinity in collection of data used in the preparation of this report. Mr Adams is a Principal Geologist and a Director of Cube Consulting Pty Ltd and consents to be named in this release and the report as it is presented. Mr Byass is employed by Infinity as a geologist and has visited the site during pre and post drilling activities, and consents to be named in this release and the report as it is presented.

Production Target and Scoping Study: The information in this report that relates to Exploration Results is based on the information compiled or reviewed by Mr Adrian Byass, B.Sc Hons (Geol), B.Econ, FSEG, MAIG and an employee of Infinity. Mr Byass has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the JORC Code for Reporting of Exploration Results, Exploration Targets, Mineral Resources and Ore Reserves. Mr Byass consents to the inclusion in the report of the matters based on this information in the form and context in which it appears.

==> picture [101 x 30] intentionally omitted <==

Infinity Lithium Corporation

San Jose Lithium Project

==> picture [75 x 25] intentionally omitted <==

==> picture [67 x 67] intentionally omitted <==

Scoping Study*

Feasibility Study

Lithium Carbonate – Completed Lithium Hydroxide – Completed Underway

San Jose Lithium Project

==> picture [51 x 52] intentionally omitted <==

==> picture [45 x 44] intentionally omitted <==

JORC Resource (reported 111.2Mt (#2 in the EU) (Ind. 59Mt, Inf. 52.2Mt) above 0.1% Li cut-off) >1.6Mt LCE Life of mine strip ratio <1.2:1 Average ROM (yr1-8) 0.85% Li20 : 2.1% LCE Plant feedstock 1.4% Li20 : 3.5% LCE Ownership 50% JV interest moving towards 75% JV interest*

Location: Extremadura – Spain Market: Europe & Global

==> picture [45 x 45] intentionally omitted <==

==> picture [32 x 44] intentionally omitted <==

24 years Average 13kpta* LC depletes <50% of JORC resource

Project life Product - battery grade Lithium Hydroxide: 13-16kt pa +56.5%

*See Disclaimer on previous slide

==> picture [95 x 28] intentionally omitted <==

==> picture [960 x 43] intentionally omitted <==

----- Start of picture text -----

Infinity Lithium Corporation
----- End of picture text -----

Fully Integrated Project - From Mining to Lithium Hydroxide

==> picture [75 x 25] intentionally omitted <==

• 2nd Largest Lithium JORC in the EU

• EU & Spain: Low investing risk

• Brownfield project & long life •

• project - potentially decades Open pit – low risk, cheap bulk mining

==> picture [896 x 43] intentionally omitted <==

• 2.5h from Madrid via highway

• Extremadura – a proactive mining region

• JORC well supported ~12km of drilling completed

• Very low strip ratio <1.2:1

Mining

==> picture [101 x 30] intentionally omitted <==

Infinity Lithium Corporation

Fully Integrated Project - From Mining to Lithium Hydroxide

==> picture [75 x 25] intentionally omitted <==

• Fully integrated operation

• Proven production process

• Low cost production

• Sealed dual lane highway adjacent to the plant – connected by major arteries to Europe

• Gas pipeline adjacent to the plant

• Low temperature process

==> picture [884 x 95] intentionally omitted <==

  - LiOH Battery Grade

  - • Preferred lithium chemical for cathode manufacturers

• Environmentally friendly water leach

• Chemical plant <3km away from the mine

• Using safe reagents

Europe to be #2 largest EV market in the world and #2 largest Li-ion batteries producer

• No royalties or duties on the import of lithium concentrate

Processing to end markets

==> picture [560 x 62] intentionally omitted <==

==> picture [101 x 30] intentionally omitted <==

Infinity Lithium Corporation

Scoping Study Project Economics* - Lithium Hydroxide

==> picture [75 x 25] intentionally omitted <==

(100% Project Basis)

*See Disclaimer slide

==> picture [713 x 294] intentionally omitted <==

==> picture [101 x 30] intentionally omitted <==

==> picture [617 x 140] intentionally omitted <==

----- Start of picture text -----

Infinity Lithium Corporation
----- End of picture text -----

==> picture [75 x 25] intentionally omitted <==

INFINITY LITHIUM Developing lithium production in Europe to power a renewable future