Assets, Process, Team - Arena Minerals Inc
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Corporate Presentation
February 2021
Assets, Process, Team
AN INTEGRATED APPROACH TO THE LITHIUM
BRINE INDUSTRY
TSX.V: AN
OTC: AMRZF
Legal Disclaimers
Forward Looking Disclaimer: This document may contain forward-looking information within the meaning of applicable Canadian securities
legislation. Forward-looking information includes, but is not limited to, statements, projections and estimates relating to the future development
of any of the Company’s properties, the anticipating timing with respect to the private placement financing, the ability of the Company to
complete the private placement financing, the results of exploration programs, future financial or operating performance of the Company, its
subsidiaries and its projects, the development of and the anticipated timing with respect to the lithium projects or the Atacama project, and the
Company’s ability to obtain financing. Generally, forward-looking information can be identified by the use of forward-looking terminology such
as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not
anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would",
"might" or "will be taken", "occur" or "be achieved". The statements made herein are based on current expectations and assumptions that are
subject to risks and uncertainties. Estimates underlying the results set out in this presentation arise from work conducted by previous owners of
the Antofalla Project and the Company. Forward-looking information is subject to known and unknown risks, uncertainties and other factors
that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those
expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical
and social uncertainties; the actual results of current exploration activities; other risks of the mining industry and the risks described in the
annual information form of the Company. Although the Company has attempted to identify important factors that could cause actual results to
differ materially from those contained in forward-looking information, management discussion and analysis section of the Company’s interim
and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities
regulations, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such
information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward looking information. Arena Minerals does not undertake to update any
forward-looking information, except in accordance with applicable securities laws.
Currency Presentation: Unless otherwise indicated, all dollar figures are in Canadian dollars
Sources of Information: Data such as commodity prices, growth, volumes and well as information related to producing assets or comparable
projects were obtained from public sources such as industry publications, technical reports, articles published by experts and press releases
AN | AMRZF 2
What MATTERS
World class Executive Chairman Arena’s Antofalla project
management with Eduardo Morales is a poised to be the next brine
previous successes pioneer of the lithium discovery in Argentina
in the lithium industry brine industry ►Antofalla is drill ready and fully
►Developed through to production ►Former CEO of Rockwood Litio permitted
lithium brine projects in Chile Ltda (Chile), where he oversaw the ►Arena has developed
and Argentina development of the world’s premier a proprietary brine processing
lithium brine asset in the Salar de technology producing >30% LiCL from
►Most recently Lithium-X Energy
Atacama, Chile ponds
Corp which was acquired in 2018
for $265M ►Rockwood was sold in 2014 for
US$6.2 billion
Strategic partnership with Strategic Partnership
world premier lithium producer
►Ganfeng Lithium Co. to acquire 19.9% of Arena ►Ganfeng is granted the right to appoint a
nominee to the Board of Directors of Arena;
pursuant to a private placement announced Feb
3, 2021 ►Ganfeng is granted a right to acquire up to
35% interest in any asset acquisition
►Proceeds shall be used to advance the Antofalla completed by Arena
asset and to evaluate potential acquisitions.
►Ganfeng is granted pre-emptive rights to
maintain its percentage ownership interest in
Arena
AN | AMRZF 3
A DIFFERENT KIND of Company
Mr. Morales and the The process allows for the LiCl product has
Arena team have production of >30% LiCl numerous benefits:
developed a proprietary from conventional ►Transportation to centralized
brine processing evaporation ponds carbonate plant
technology ►Production of battery grade
lithium carbonate without
purification circuits
The Salar de Atacama operation
employs a similar process,
producing a battery grade
product at one of the world’s
lowest production costs
► The process employed in Atacama was
developed during Mr. Morales tenure
1 This range of Operating Expenditures (“Opex”) savings is based on the best estimates of the management and the technical teams of Arena Minerals and takes into account, over and above the respective PEA of Feasibility published Opex,
the specific chemical characteristics of the brines underlying the various projects being active in Argentina and suitable for this particular processing alternative. Although these estimates have not been verified by an independent firm, the
management team as well as the technical team have extensive expertise in the field, and in this process in particular, which was accumulated over several decades in the region. It is also common knowledge that such a brine-mixing
process is being used in the neighbouring country of Chile and results in significantly lower Opex than the projections established here.
AN | AMRZF 4
STRATEGIC PARTNERSHIP with Ganfeng
Ganfeng to acquire 19.9% of the outstanding shares of the
Company at a 43% premium to market close.
► Ganfeng Lithium Co. is a dynamic global lithium ► Acquisitions: Ganfeng will have the right to acquire
carbonate supplier with a current market up to 35% of any target asset, for cash
capitalisation of US$ 25 Billion dually listed on the consideration, reducing Arena’s future financing
Shenzhen and OTCQX Stock Exchanges (OTCQX: requirements
GNENF; Shenzhen: 002460.sz) ► Ownership: Ganfeng is granted pre-emptive rights
► Antofalla Asset: Use proceed to advance Arena’s to maintain its percentage ownership interest in
lithium rich Antofalla asset in Northern Argentina, Arena
poised to be the next discovery ► Board of Directors: Ganfeng has the right to
► Off Take: Ganfeng is granted a Right of First Offer on appoint a nominee to the Board of Directors of
off-take agreements on a per project basis Arena
AN | AMRZF 5
World Class MANAGEMENT
Will Randall Eduardo Morales
President and CEO Executive Chairman
►Discovered and developed the Sal de los Angeles (“SDLA”) ►The pioneer of the lithium brine industry with nearly 40 years of experience
lithium brine project in Argentina - Lithium-X Energy Corp. ►Produced the world’s first commercial battery grade lithium carbonate
►Lithium-X was acquired for $265M in 2018 ►Built and operated the Salar de Atacama mine, one of the world’s largest
►One of the early movers in the lithium brine industry with last lithium brine operations
10 years focused in Argentina ►President of Rockwood Lithium Latin America – sold to Albemarle
►Professional geologist and qualified person (“QP”) with Corporation for US$6.2 billion in 2014
20 years of experience ►Subsequently appointed Chief Operating Officer of Lithium-X Energy Corp.
►Mr. Randall was raised in Argentina, educated in Canada in 2016; Lithium-X was acquired less than 2 years later
and is fluent in both English and Spanish
Paul Kania Simon Marcotte
Chief Financial Officer VP - Corporate Development
►Financial Professional providing CFO, controller, ►Over 20 years of Capital Market experience with CIBC World
financial reporting and consulting services Markets, Sprott and Cormark Securities
►Significant experience in the mining sector ►Corporate experience with Belo Sun Mining, Alderon Iron
►Certified Public Accountant (CPA) Ore and Mason Graphite with a focus on battery materials
►HBA, Economics and Philosophy, University of Toronto ►Holds a Business Degree from Sherbrooke University and
the CFA designation
Peter Damouni Nicolas Vázquez
Board Member Board Member
►17 years in investment banking/capital markets ►10 years of experience in representing mining
►Led equity and debt financings valued over $5B companies in Argentina
►Director of Kerr Mines, Georgian Mining and ►Current a Partner at Vasquez & Meroni Abogados,
Chesterfield Resources LSE: CHF a law firm in Argentina
►Canadian and British citizen, based in the UK ►Graduate from Universidad Católica Argentina
AN | AMRZF 6
LITHIUM-X Successful Track Record
The Key to value creation in the lithium brine
industry is to demonstrate the entire process, from
resource extraction through to a saleable,
high quality end product. Eduardo Morales
AN | AMRZF 7
LITHIUM-X Successful Track Record AN | AMRZF 8
The World NEEDS Argentina
Argentina is uniquely positioned in
the Lithium Triangle, with favourable
legal and political frameworks over
Chile and Bolivia, respectively
In the recent more Argentina has attracted The next step for the
competitive environment, the 3 major lithium Argentina’s lithium
lower cost brine producers and new industry is to get the
deposits will become developers and reserves to the market
increasingly important as experienced a dramatic at competitive prices
hard rock deposits increase in reserves
struggle over the last decade,
now third worldwide
Lithium
Triangle
AN | AMRZF 9 9
The NEIGHBOURHOOD
The Argentine Puna region hosts the WORLD’S THIRD
LARGEST LITHIUM RESERVES, after Chile and China
AN | AMRZF 10Antofalla Project Location AN | AMRZF 11 11
Antofalla North
►Geophysical surveys show a large ►Potential for significantly ►Fully permitted project,
aquifer saturated with brine below 50m, larger resource – acquisition including discovery drilling
connected to surface brines hosted in made on the basis of only and processing on salar
the shallower halites above 50m halite resource potential
AN | AMRZF 12The Arena Process Difference
Lower CAPEX & Lower OPEX Results in a Product
Better for Battery Grade Lithium Carbonate
►Lower OPEX (40% - 70%1) ►Consistent battery grade production with fewer process steps
►Lower CAPEX (no purification circuit) ►Product flexibility
In PHASE 2 THE LiCl PRODUCT IS SALEABLE FINAL PRODUCT
at prices equivalent to Phase 4 of the Typical Liming PRODUCED CONSISTENTLY
Process while requiring a lower CAPEX and OPEX AT BATTERY GRADE
AN | AMRZF 13Competitive Advantage
Arena Minerals delivers a uniquely integrated solution
with its high quality projects and proprietary brine
processing technology
Antofalla Project Processing Advantage
►6,000 hectares of highly prospective lithium rich ►The brine can be concentrated at site and
salar transported to distant chemical plants
►Fully permitted, drill ready – ground work and ►Integrated approach allows for simultaneous
geophysics completed, targets defined development of several assets feeding
centralized carbonate plant
Immediately adjacent to High purity LiCl products better
Albermarle’s flagship project in suited for battery grade lithium
Argentina carbonate production
AN | AMRZF 14Capital Structure
TRADING SYMBOLS
TSX.V AN
US OTC AMRZF
CAPITAL STRUCTURE*
Shares Outstanding 142,621,090
Warrants 46,000,000
(Strike price: $0.10; Sept 2021)
Options 5,900,000
Average strike price: $0.16
Fully Diluted 194,521,090
* Share structure as of Feb 3, 2021 previous to the proposed $2.8 million private placement of units.
AN | AMRZF 15HEAD OFFICE
120 Adelaide Street West, Suite 1410
Toronto, Ontario, M5H 1T1
For information, contact:
TSX.V AN SIMON MARCOTTE, CFA
OTCQX AMRZF VP - Corporate Development
+1-647-801-7273
www.arenaminerals.com smarcotte@arenaminerals.com
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