TEMPEST MINERALS LIMITED — AGM Information 2017

Nov 20, 2017

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LITHIUM CONSOLIDATED MINERAL EXPLORATION LIMITED ASX: Li3

Company Presentation November 2017

ANNUAL GENERAL MEETING

www.lithiumconsolidated.com

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IMPORTANT NOTICE

• Any material used in this presentation is only an overview and summary of certain data selected by the management of Lithium Consolidated Mineral Exploration Limited (“LCME”).

• The presentation does not purport to contain all the information that a prospective investor may require in evaluating a possible investment in LCME nor does it contain all the information which would be required in a disclosure document prepared in accordance with the requirements of the Corporations Act and should not be used in isolation as a basis to invest in LCME. Recipients of this presentation must make their own independent investigations, consideration and evaluation of LCME.

• LCME recommends that potential investors consult their professional advisor/s as an investment in LCME is considered to be speculative in nature.

• Statements in this presentation are made only as of the date of this presentation unless otherwise stated and the information in this presentation remains subject to change without notice. Reliance should not be placed on information or opinions contained in this presentation.

• To the maximum extent permitted by law, LCME disclaims any responsibility to inform any recipient of this presentation on any matter that subsequently comes to its notice which may affect any of the information contained in this document and presentation and undertakes no obligation to provide any additional or updated information whether as a result of new information, future events or results or otherwise.

• No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions or conclusions contained in or derived from this presentation or any omission from this presentation or of any other written or oral information or opinions provided now or in the future to any person.

• To the maximum extent permitted by law, neither LCME nor, any affiliates, related bodies corporate and their respective officers, directors, employees, advisors and agents, nor any other person, accepts any liability as to or in relation to the accuracy or completeness of the information, statements, opinions or matters (express or implied) arising out of, contained in or derived from this presentation or any omission from this presentation or of any other written or oral information or opinions provided now or in the future to any person.

www.lithiumconsolidated.com

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COMPANY OVERVIEW

SHARES ON ISSUE MARKET SHARE PRICE (20/11/17) CASH[(a)] (UNDILUTED)[(a)] CAPITALISATION $0.195 89,972,122 $17.5m $3.1m

Notes:

a) Excludes 5.5m options (with exercise prices of $0.10-$0.20) and 7.5m Performance Rights with varying vesting and ASX escrow conditions b) As of 30 September 2017

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AUSTRALIA

WA

• YILGARN LITHIUM

• 8 Exploration Licenses

• 7 Applications (659km²)

SA

• 5 Exploration License Applications (4,858km[2] )

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NEVADA

TONOPAH LITHIUM

• 439 placer claims

• 3.2 km from Silver Peak lithium mine

• 6 Prospecting Licences and 2 Applications over the Makgadikgadi Pans in BOTSWANA: north eastern Botswana

www.lithiumconsolidated.com

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CHIEF FINANCIAL ADVISOR
CHIEF EXECUTIVE
OFFICER AND
OFFICER
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DIRECTORS & MANAGEMENT

NON EXECUTIVE DIRECTOR

NON EXECUTIVE DIRECTOR

SHANTHAR + PATHMANATHAN + +

VINCENT MASCOLO

DUNCAN CORNISH + + + +

DAMIEN REYNOLDS

BRIAN MOLLER

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Qualified mining engineer with extensive experience in gold and coal mining, quarrying and civil-works.

Senior corporate partner at Hopgood Ganim with 30 years experience.

Over 25 years junior resources industry + + experience.

Chartered Accountant with + + + + significant experience as public company CFO and Secretary, focused on + junior resources companies. Over 20 years of + experience both in England and Australia,

Previously an investment + banker with Deutsche Bank + + + and Macquarie Group in Australia and New York. + + + Large scale M&A and capital raising transactions experience in the chemicals, + + + oil and gas and mining industries.

Current Chairman of AIMlisted SolGold plc and Non Executive Director of several public companies.

Led companies that have raised in excess of $350 million for exploration and development activities globally.

Director of various public and private companies over the past 25 years.

Current Chief Executive Officer and Managing Director of AIM-listed, IronRidge Resources Ltd.

Admitted to practice in Queensland and Western Australia.

Capital markets experience which spans North America, Europe and Australia.

Bachelor of Laws from the University of Western Australia.

predominantly with global firms Ernst & Young and PWC.

www.lithiumconsolidated.com

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TECHNICAL A TEAM

H A R D R O C K

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Former Chief Scientist with Western Mining Corporation Ltd, then at BHP Minerals and BHP Billiton Minerals as Chief + + + + + + + + + Geologist. Initiated various successful mineral resource discoveries including seven large base metal or gold deposits: Olympic Dam Cu-Au-U-REE, Wirrda Well Cu-Au-U-REE (South Australia), Nifty Cu (Western Australia), Yandan Au (Queensland), Ernest Henry Cu-Au (Queensland), Kamoa Cu (Katanga Province, Democratic Republic + + + + + + + + of the Congo (Ivanplats Ltd), and gold deposits, particularly Yam 14 within the Yamarna greenstone belt (Western Australia). DR DOUGLAS HAYNES B.SC (HONS), PH.D, MAUSIMM + + + + + + + +

Geologist / hydrogeologist with over 25 years’ experience in minerals exploration. Masters Degree from + + + + + + + + University of NSW, PhD from the University of Queensland. Held positions with BHP Minerals, Freeport McMoran, BP Minerals and Zapopan, and has been involved with the discovery of several gold and uranium deposits in the Northern Territory. + + + + + + + +

DR DARRYN HEDGER B.AppSc, M.AppSc, Ph.D, MAusIMM, MSEG, MAIG, IAH

JERRY L. AIKEN B.AppSc, M.AppSc, Ph.D, MAusIMM, MSEG,MAIG

B R I N E

IAN MCGEORGE B.AppSc, M.AppSc, Ph.D, IAN MAusIMM, MSEG, MAIGMCGEORGE

Mr. Jerry Aiken has more than 45 years of experience in the mining industry predominately in industrial minerals. Mr + + + + + + + + + + Aiken was previously with Rio Tinto Borax for 30 years. Mr Aiken’s recent focus has been on lithium brines, potash + + + + (brines and hard rock), and borates. Mr Aiken’s experience spans the Western US, Canada, Mexico, South America and parts of both Europe and Asia.

JERRY L. AIKEN

Ian is a Botswana based geologist with 40 years of experience in early stage exploration for metals, diamonds and industrial minerals. Ian has worked with a number of foreign companies with Botswana assets.

IAN MCGEORGE

www.lithiumconsolidated.com

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TONOPAH LITHIUM

TEAM STRUCTURE

JERRY L. AIKEN

BRINE

SHANTHAR PATHMANATHAN CEO

BOTSWANA BOARD OF TECHNICAL LITHIUM DIRECTORS OVERSIGHT

DUNCAN CORNISH CFO & HARD COSEC ROCK DOUGLAS HAYNES

YILGARN LITHIUM NEW OPPORTUNITIES

IAN MCGEORGE LOCAL BOTSWANA EXPERIENCE

NEWEXCO W.A. EXPLORATION CONTRACTOR AWARD WINNING TEAM

DARRYN HEDGER BHP BILLITON EXPLORATION EXPERIENCE

www.lithiumconsolidated.com

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MARKET
OPPORTUNITY
1 LITHIUM – FOR EV & GRID STORAGE - IS A NEW INDUSTRY
2 PLENTY OF TIER 1 LI RESOURCE OPPORTUNITIES
3 MASSIVE LONG TERM DEMAND GROWTH
LITHIUM OIL NICKEL COBALT GOLD IRON COPPER
100-200 years +1000 years TIME - INDUSTRY AGE
Opportunity to acquire
properties
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MARKET OPPORTUNITY

RESOURCE GRADE & SCALE

Notes:

www.lithiumconsolidated.com a) Illustration of change in Resource quality vs. commodity sector age b) Internal Company estimates

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• • • • • • • • • • • • • • • • • • • • • • • • • • (% of today's global production) + + + + + 2898% + + + + 1928% + + + + + + + +

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GROWTH METALS

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Incremental commodity demand in a 100% EV world + + + + + + + +
(% of today's global production)
+ + + + + 2898% + + +
LITHIUM
1928%
COBALT
+ + + + + + +
655%
RARE EARTHS
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524%
GRAPHITE
105% + + + + + + + +
NICKEL
22%
COPPER + + + + + + + +
14%
MANGANESE
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13%
ALUMINUM
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0%
SILICON
-1% + + + +
STEEL
-53%
PGM
-938% 0% 938% 1875% 2813% 3750%
Source: UBS Global Research
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www.lithiumconsolidated.com

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LITHIUM PRICE
PERFORMANCE
Lithium Carbonate Spot Price 99% China
25000
20000
15000
10000
5000
0
11/10/2014 5/10/2015 11/10/2015 5/10/2016
www.lithiumconsolidated.com
US$ per tonne
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YILGARN LITHIUM PROJECT

• 15 Exploration Licenses and Applications over 659km²

• 4x Greenbushes size targets

• Prospective for betaspodumene bearing pegmatites

• Li fertile belts, with known outcrops and Li mines, which extend undercover

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YILGARN
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LITHIUM
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GEOLOGY
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“Fertile” granites located using
geophysics/geochemistry in known
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and new Li-bearing pegmatite belts
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Exploration focus on fertile granites
aureoles + +
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an outer “Goldilocks” zone
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structural intersections with
Archaean greenstones
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Targeted covered or partially
covered areas
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greater potential for hidden
world class Li deposits than in
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historic heavily explored
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outcrop areas
www.lithiumconsolidated.com
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YILGARN LITHIUM EXPLORATION

• Open-file soil, drill hole and magnetic data captured and interpreted

• Encouraging results and target enhancement

• September 2017 Reconnaissance program completed

• Anomalous rock-chip and drill spoil geochemistry results

• Phase 1 Drill Program

• 116 Aircore holes for 4,220m on 7 Licenses

• 17 E-W traverses with 200m hole spacing

• Airborne Magnetic Survey over the Esmond Licenses for estimated 2,860 line-km

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TONOPAH LITHIUM PROJECT

• Large Big Smokey drainage pathway is through the Tonopah Lithium Project claims and terminates at Silver Peak mine

• Southern border of Tonopah Lithium Project is 2.3km from Silver Peak mine

• Proven lithium system:

• +40 years of Li brine production at Silver Peak mine

• Nearby Li discoveries eg. Global Geoscience’s Rhyolite Hill

www.lithiumconsolidated.com

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TONOPAH
LITHIUM
EXPLORATION + + + + +
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Tonopah Lithium Project
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Claims cover closest sub-
basin structures to Silver Peak
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mine
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3 sub-basin targets
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Exploration:
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Gravity reprocessing
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completed
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Magnetotellurics survey
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2D seismic survey
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3 x drill holes to total depth
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of 200-600m
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www.lithiumconsolidated.com
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BOTSWANA LITHIUM PROJECT

• Makgadikgadi basin have lowest elevation in Kalahari basin i.e. final collection point for all rivers and streams

• Historical sample with Li level of 224 Mg/L

• Exploration:

• 1) Shallow pit sampling

• Program completed, but ineffective due to hard silcrete layer close to surface

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• 2) November 2017 RAB drilling

• 5x holes to +40 meters deep

www.lithiumconsolidated.com

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EXPLORATION PROGRAMS

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PROJECT JUL 17 AUG 17 SEPT 17 OCT 17 NOV 17 DEC 17 JAN 18 FEB 18
Aircore drilling = 116 x holes
YILGARN Field reconnaissance
Airborne magnetics = 2860 line-km
Pit sampling & auger
BOTSWANA RAB drilling = 5 x holes
holes
TONOPAH Gravity re-processing Claims Filing MT-survey
SA Technical Review
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PORTFOLIO OPTIMIZATION

NEVADA LITHIUM BRINE CLAIMS OPTMIZATION 1

HARD ROCK LITHIUM PIVOT: YILGARN LITHIUM IS HIGH 2 PRIORITY

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NEW OPPORTUNITIES

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EXPLORATION PRIORITY

Exploration projects prioritized on costs & exploration risks

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YILGARN BOTSWANA TONOPAH
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Li type HARD ROCK BRINE BRINE
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Costs Land holding cost LOW LOW HIGH
Phase 1 exploration + + +
LOW VERY LOW VERY HIGH
cost
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Target depth 20-50m 50m 200-600m
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Geological risk MEDIUM HIGH MEDIUM
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PRIORITY HIGH MEDIUM + MEDIUM + + +
Notes:
a) Yilgarn: minimum expenditure per License and annual lease costs + + + +
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b) Botswana: minimum expenditure per License and annual lease costs c) Tonopah: only annual claims fees with no minimum expenditure requirements in Nevada, USA

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GROWTH

1

ACQUISITIONS

• WA “Hit list” of +40 new opportunities

• Tier 1 opportunities only –i.e. large-scale & high grade potential

• License applications & acquisitions

2 DISCIPLINED LAND-BANKINGEXPLORATION

• Pre-drilling geological & geophysical reviews

• Highly targeted drill testing

• Exploration projects prioritized based on costs & exploration risks

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PORTFOLIO OPTIMIZATION

• Leverage expertise in hard rock lithium and lithium brine

• Ongoing portfolio review

• Non-core assets rationalization

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CONCLUSION

1 + + WORLD CLASS TEAM

• • • • • • • • • • • • • • • TIER 1 LITHIUM PROPERTY PORTFOLIO 2 + + + + + + + + + + + + + + + + + + + + + + + + + + 3 DISCIPLINED EXPLORATION + + + +

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