LIVIUM LTD — AGM Information 2014

Nov 23, 2014

L I T H

POWERING A CLEAN ENERGY FUTURE

Presentation to the Annual General Meeting 24 November, 2014

I U M

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DISCLAIMER

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A POSITION OF STRENGTH

Capital structure

 84M Ordinary Shares

 52M Partly Paid Shares

• 15M Unlisted Options

• Market cap. $4.6M

Strong partnerships

• Perth based Strategic Metallurgy P/L providing technical support and access to proprietary technology

• Focus Minerals and Tungsten Mining providing access to areas of known mineralization

• Negotiating further positions on a global basis

Exclusive licensing arrangements

• Strong lithium exploration and development prospects

Cobre Montana NL holds an option over the exclusive right to use proprietary lithium extraction technology in Western Australia, and any two other worldwide nominated projects. This may extend to 26 years.

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LITHIUM – THE METAL OF THE FUTURE

WHAT IS LITHIUM?

Lithium (chemical symbol Li) is ‘the great enabler’ of the 21[st] century. Lithium is the lightest solid element and is used in the manufacture of Computers , Communication devices and Consumer electronics (3C). Its other uses include medical applications, colours in fireworks, ceramics, high-temperature glass, lubricants, air purification, fuel cells, catalysts, nuclear technology and batteries. In fact, lithium is often described as the most versatile metal on Earth.

WHAT IS UNIQUE ABOUT COBRE MONTANA?

Cobre Montana is one of the few companies globally providing investors with a clear focus on lithium.

Access to a NEW PROCESSING TECHNOLOGY creates the opportunity to process lithium minerals not previously considered to be ore.

Exclusive licensing arrangements will create opportunities unavailable to competitors.

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PROGRESS TO DATE

		1.	Option to acquire Ravensthorpe lithium pegmatites
		2.	Coolgardie Rare Metals Venture with FML
		3.	Work commences at CRMV
		4.	Lithium extraction technical assistance agreement			11
		5.	Float results from Lepidolite Hill
		6.	High-grade concentrates from Lepidolite Hill
		7.	Lithium pegmatites identified at Lake Seabrook
		8.	Battery grade Li carbonate produced by CXB		10
		9.	Quarterly report	9
		10.	Seabrook Rare Metals Venture with TGN
1		11.	25 year exclusive licence
	2		3 4 8
			7 6 5

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THE PROJECTS

The projects are all located in Western Australia, close to developed public infrastructure, including road, rail, power and mining services.

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THE PROJECTS

Coolgardie Rare Metals Venture (80% CXB, 20% FML)

CRMV is an initiative of Cobre and Focus Minerals based on areas of high lithium pegmatites, 15km south of Coolgardie, WA. Prior mining at Lepidolite Hill has left about 400,000t of lepidolite-rich material in waste dumps. Proof-of-concept processing has produced batterygrade lithium carbonate, under the aegis of an alliance with Strategic Metallurgy. Extraction techniques developed for Lepidolite Hill will be applied to other lepidolite deposits.

Ravensthorpe (Cocanarup) Lithium Pegmatite Project (Option to acquire 100%) Lithium and rare metals (Ta, Nb, Rb, Cs, Ga, Be etc) occur within the Cocanarup pegmatites, which are related to the nearby Mt Cattlin deposits. Cobre has rights to a large proportion of the Cocanarup pegmatite field. Pegmatites have been previously mined at Cocanarup for beryl and at Mt Cattlin for spodumene (lithium).

Seabrook Rare Metals Venture (80% CXB, 20% TGN)

The SRMV (Cobre and Tungsten Mining NL) is based on lithium pegmatites located 60km NE of Southern Cross, WA, which are regionally associated with tungsten skarns and contain lepidolite, beryl and tourmaline.

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ACHIEVEMENT – PROOF OF CONCEPT

LEPIDOLITE-TO-LITHIUM PROOF-OF-CONCEPT 99.6% Battery Grade lithium carbonate from Lepidolite Hill with potassium sulphate by-product (ASX: 27 Oct 2014)

The lepidolite lithium extraction process is protected by patent applications.

Commercial success will be underwritten by exclusive processing rights to all lepidolite occurrences in Western Australia.

Two additional floating licences, for application anywhere else in the world will provide CXB with a global advantage.

CXB has projects under review, around the world to capitalize on the advantage provided by its exclusive licensing arrangements.

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LEVERAGE FROM LEPIDOLITE

COBRE MONTANA HAS:

• access to the only known, effective lepidolite processing technology

• exclusive licensing rights to use that Li extraction technology

• technical assistance agreement to optimize lithium extraction from lepidolite

COBRE MONTANA HAS IDENTIFIED LEPIDOLITE:

• mineralization in Western Australia

• in waste dumps globally, and

• in current tailings discharge of operating mines

COBRE MONTANA’S PLAN IS TO CREATE VALUE FROM ITS STRATEGIC PARTERSHIPS BY:

• gaining first-mover advantage under the aegis of its licences

• developing a resource base to sustain lepidolite-to-lithium carbonate production

• creating value from waste streams with high lithium content.

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THE MARKET – CONSUMPTION & USES

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THE MARKET - GREEN, PORTABLE POWER

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

Aluminium
Other Lithium demand is increasing at 11%pa, driven largely by
6%
10%
32% Metallurgical powders the battery market, which is expanding at 20%pa. Likely to
17% accelerate, with anticipated production of Electric Vehicles
Chemicals and expanding from 160,000 units currently to over 40,000,000
pharmaceuticals
22% 11% Lubricants units by 2050.
Batteries
Glass and ceramics
Lithium consumption by application
----- End of picture text -----

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THE MARKET - LITHIUM SOURCES

• HARD-ROCK DEPOSITS – about 50% of global supply • Spodumene and petalite – Li/Al silicates

 High-grade

 Found in Australia, Canada, Zimbabwe, and Portugal

 Low capital, high operating cost

• BRINE PRODUCERS – about 50% of global supply • Concentration from soluble salts

 Low-grade

 Found in Chile, Argentina and China

• High capital, low operating cost

CLAY PRODUCERS – mines in the process of development

• Hectorite from volcanic sources

• Low-grade

• Economics yet to be vindicated

LEPIDOLITE – the forgotten ore

• Low energy, high by-product credit

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THE OVERLOOKED RESOURCE

SIGNIFICANT Li SITTING IN MINE DUMPS

• Poor recoveries from calcine flowsheets

• Difficult to achieve product specification

• Separated and discarded as waste

HYDROMETALLURGICAL PROCESSING PARADIGM

• New lithium extraction technology

• Atmospheric process

• Impurity control

• By-product credits

• Very low energy requirement

ACCESS TO OVERLOOKED RESOURCES

• Primary lepidolite deposits

• Historic mine waste

• Current waste and by-product streams

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THE MARKET - COMPETITION

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

3.1%
1.6%
8.5% Argentina
11.3%
Australia
Brazil
36.8%
Chile
38.2%
China
Portugal
0.4% Zimbabwe
Lithium production by country (source USGS 2013)
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HARD-ROCK PRODUCERS Talison, Greenbushes WA Sociedade Mineira de Pegmatite, Portugal Bikita Minerals (Pvt) Ltd, Zimbabwe Various producers in China RB Energy Inc, Quebec

Hard rock lithium producers faced fierce competition in the 1980s as brine production in South America came on stream with low operating costs. However, Greenbushes still fulfils over 30% of global requirements and 75% of Chinese demand from pegmatite mining in the SW of WA. Greenbushes is the world’s highest-grade lithium mine. Advances in

HARD-ROCK DEVELOPERS Reed Resources, Mt Marion, WA Pilbara Minerals, Pilgangoora, WA Altura, Wodgina, WA

processing technology, high demand and rising lithium carbonate prices have led to a resurgence in exploration and the commissioning of one new hard rock-operation in Canada. The ultimate drivers are cost and energy efficiency, which, with valuable by-product credits, will drive down the operating costs of lithium carbonate produced from lepidolite, with the potential to compete directly with the brine producers.

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THE STRATEGY

SUMMARY

To leverage an exclusive technology and deliver Battery Grade Lithium Carbonate to market based on completed proof-of-concept testing.

TO EXTRACT Li AND RARE METALS FROM Li MICA

• Mineral input – lepidolite

• A common mineral

• Readily available

• Not presently used as Li chemical feed

• Significant K2SO4 (potassium sulphate) credits

• Potential to extract Rb (rubidium) Cs (caesium) Sr (strontium) Ga (gallium)

LOW COST OF PRODUCTION-COMPETITIVE EDGE

• Energy-efficient

• Low operating costs

• Cheaper than competing hard-rock deposits

• Comparable with brine producers

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THE COBRE MONTANA ADVANTAGE

SIGNIFICANT VALUE IN THE ALLIANCE WITH STRATEGIC METALLURGY

• Independently verified purity of Li carbonate from lepidolite

• • Ongoing technical support and process optimization

• First mover advantage

• Licence exclusivity

DIRECT ACCESS TO MINERALIZATION IN THREE AREAS

• Coolgardie Rare Metals Venture with Focus Minerals Limited

• Seabrook Rare Metals Venture with Tungsten Mining Limited

• • Option to acquire Ravensthorpe

ASSESSING OPPORTUNITIES ON A GLOBAL SCALE

DEMAND DRIVEN BY GROWTH

• 3C technology expanding into developing countries

• Rapid uptake of electric vehicles

COBRE MONTANA HAS EXCLUSIVE TECHNOLOGY RIGHTS WHICH WILL CREATE OPPORTUNITIES PREVIOUSLY UNRECOGNIZED

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CONTACT

Cobre Montana NL

ASX:CXB

Adrian Griffin - 0418 927 658 info@cobremontana.com.au www.cobremontana.com.au

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