General Discussion Topics, page-91069

Corporate Fundamentals

1. NAL cheap hydroelectricity operation (ESG aligned).
2. $100m cash & no debt.
3. Largest hard rock lithium base in North America.
4. Next North American hard rock lithium supplier.
5. PLL offtake ~113,000 tonnes x $900/t = $101.7m
6. Balance of ore expected ~113,000 x $5,000 = $565m
7. Total revenue = $666.7m
8. Total production cost = $135.6m
9. Gross profit = $531m
10. With both DFS and PFS for Moblan out this year, this puts Moblan well ahead of peers in the region such as WR1 etc.

Upcoming Milestones 2023

1. Feb - NAL commence production 28th Feb 23 (Canada) - 1 DAY TO GO
2. April - NAL lithium carbone plant PFS
3. May - Moblan drill results (expecting in excess of 60mt)
4. May - Moblan PFS
5. May - NAL offtake deal announcement (SYA's share)
6. July - First shipment in July
7. Oct - First quarterly with cashflow (September Quarterly)
8. Oct - Moblan DFS

By the September quarterly, many are expecting rate hike policies to cool and China's economy to strengthen back to full force further driving demand for EVs and battery metals