WLC Presentation - Oct 28 Website

8/8/2019 WLC Presentation - Oct 28 Website

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Western Lithium

TSX-V: WLC

www.westernlithium.com

October 2009


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Kings Valley Lithium ProjectCautionary Statement

This presentation contains projections and forward lookinginformation that involve various risks and uncertainties regardingfuture events. Such forward-looking information can includewithout limitation statements based on current expectationsinvolving a number of risks and uncertainties and are notguarantees of future performance of the Corporation. These

risks and uncertainties could cause actual results and theCorporation's plans and objectives to differ materially from thoseexpressed in the forward-looking information. Actual results andfuture events could differ materially from those anticipated insuch information. These and all subsequent written and oralforward-looking statements are based on estimates and opinionsof management on the dates they are made and expressly

qualified in their entirety by this notice. The Corporation assumesno obligation to update forward-looking information shouldcircumstances or management's estimates or opinions change.

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Western Lithium

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Advancing Development of a North American BasedReliable and Scalable Strategic Lithium Deposit to

Power Todays Hybrid/Electric Cars and Mobile Devices

One of the worlds largest knownlithium deposits

Located in the U.S.

Development stage project

Excellent infrastructure

Experienced team of mine builders

Anticipated production timing coincides with rising demand

Scalable project that can grow to meet market demand


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Directors and OfficersEdward Flood: Chairman, Co-founder and Chairman of Western Uranium Corporation and

Western Lithium Corporation. Managing Director Haywood Securities London, over 35 yearsexperience in mining industry including Deputy Chairman of Ivanhoe Mines.

William Haldane: Director, Founder of Haldane Diogenes, an international executive recruiting firmspecializing in executive level searches in the mining, pulp and paper, pharmaceuticals, andconsumer goods sectors.

Pamela Klessig: Director, Co-founder, CEO & President of Western Uranium Corporation, 28years experience in global mineral exploration and development.

John Macken: Director, CEO & President of Ivanhoe Mines, served as Freeport McMoran Copper

and Gold, Senior VP of Strategic Planning and Development and as EVP and GeneralManager at Freeport's Grasberg mining complex.

William Sheriff: Director, Co-founder and Chairman of Energy Metals Corporation, which wasacquired by Uranium One for $1 billion. Leading prospect developer in the western US, with 27years experience in mineral exploration and company development.

Jay Chmelauskas: President, Geological engineer with 15 years international experience in theengineering, mining and chemical industries including the exploration, development and sale ofone of Chinas largest gold mines.

Dennis Bryan: Senior Vice President, Geological engineer with 35 years experience in industrialminerals exploration, evaluation and development.

Eduard Epshtein: CFO, CFO of Western Lithium, Western Uranium, Southern Arc Minerals andCanada Energy Partners.

Cindy Burnett: VP IR, Previous mining, energy and chemical IR experience with SkyeResources, Ivanhoe Energy and NOVA Chemicals.

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5

World Lithium Resources

0

5

10

15

20

25

30

35

WesternLithium

No Development Plans

Producing

Development Projects

Source: Roskill Information Services Ltd., R. Keith Evans, National ResearchCouncil and Western Lithium estimates. Estimates are not NI 43-101 compliant.

MTonnesLCE


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Significant New Lithium Demand Growth

Major car makers are advancing electric cars

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Lithium Near Term Growth Potential

71,000

T LCE

118,600

T LCE

2000

2008

The future?

Est. 400,000 T LCE*

Demand from Batteries

Other Demand Sources

*Estimate based on 5% market growth and 10% EV

adoption rate over 10 years.


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Washington Support for Lithium-ion$2.4 Billion Stimulus Funding for Lithium Batteries

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New plug-in hybrids roll offour assembly lines, but theywill run on batteries made in

Korea. Well I do not accept afuture where the jobs andindustries of tomorrow takeroot beyond our borders and I know you dont

either. It is time for America to lead again,President Obama.
http://www.theglobeandmail.com/news/world/obama-careful-with-comments-on-iran/article1193761/


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Potential Growth in U.S. Domestic Market

Company

Millions of

Stimulus Funding

Awarded

JCI & SAFT $394 (2 plants)

A123 $249

Dow Kokam $161

Compact $151Enerdel $118

By 2013 demand capacity for battery grade lithium in theU.S. is forecast to rise to 30,000 tonnes LCE per annum.

Stimulus funded U.S.battery plantsrequiring 20,000 30,000 tonnes of LCEin total annually underconstruction now

*Source: DOE for funding and Western Lithium estimates for LCE requirements.


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Located in Nevada, USAMining State with Good Infrastructure

Kings ValleyLithium Project

Paved Highway to site

Elevation 1500 m

700 km from San Francisco

115 kV Power Line over site

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Chevron Historical Lithium Resource

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Chevron Historical Resource Estimate*

Stage/Lens Li % Metric TonnesLCE

(ContainedMetric Tonnes)

I - PCD 0.34% 42,638,400 800,000

II - South 0.33% 320,241,610 5,600,000

III - S.Central 0.37% 33,566,460 700,000

IV - N.Central 0.34% 54,432,000 1,000,000

V - North 0.31% 177,811,200 2,900,000

TOTAL 11 M Tonnes

*Non-compliant NI 43-101 Resource, at 0.25% cut off

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Western Lithium Stage I Resource Est.AMEC NI 43-101 Stage 1 (PCD) Lens

Cutoff Li% Metric Tonnes Li % LCE Contained Metric TonnesKings Valley PCD Area Indicated Mineral Resources*

0.200 48,098,000 0.269 688,000

0.225 35,682,000 0.288 548,000

0.250 25,770,000 0.308 423,000

0.275 18,237,000 0.327 318,000

0.300 12,422,000 0.346 229,000

Kings Valley PCD Area Inferred Mineral Resources*

0.200 42,315,000 0.269 606,000

0.225 30,364,000 0.291 471,000

0.250 20,932,000 0.317 353,000

0.275 15,884,000 0.334 282,000

0.300 10,349,000 0.358 197,000

*Inferred tons within 700 feet of nearest drill hole. Indicated tons 2 drill holes within 660 ft., 1 within 470 ft.; Contained metal does not allow for mine and metallurgical recovery; 17.8ft3/ton tonnage factor used; Economic assumptions for base-case cutoff grade, $3.50 Lithium Carbonate USD/lb, 60% metallurgical recovery, $45 USD/ton processing, $2 USD/tonMining. Rounding errors may exist.

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Stage I (PCD) Lens Cross Section

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Stage I (PCD) Lens

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Historical Process Engineering

US Geological Survey - 1970s

Identified a rare lithium occurrence at Kings ValleyChevron Resources - 1970s and early 1980s

Geological delineation of historical lithium lensesFlow sheet development and economic analysis

US Bureau of Mines 1980sExtractive metallurgical testing, economic studies and pilot plant

Western Lithium with Hazen Laboratories - 2007/2008Confirmatory testing of Chevron studies

Western Lithium with Kappes Cassiday Laboratory 2008/2009Laboratory for process flow sheet development and ongoing testing

Western Lithium & URS Corporation - 2009Economic studies underway

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Corporate Vision and Milestones

Milestones: Schedule

Resource delineation drilling of Stage I (PCD) Lens 51 holes Q3/08

Exploration drill testing Stage II to V 5 holes Q4/08

Metallurgical testing - Hazen and KCA laboratories ongoing

NI 43-101 mineral resource report on Stage I (PCD) Q1/09

Scoping Study Q4/09

Permitting and Environmental Studies ongoing

Prefeasibility, pilot plant and additional drilling results 2010

Targeted Start of 25,000 Tonne Annual LCE Production 2013

Developing a major scalable North AmericanLithium Carbonate supply in Nevada

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Western Lithium Corporation

$22 Million Cash (Cdn)/No Debt

81 Million Shares Outstanding

109 Million Fully Diluted

24% owned by Western Uranium Market Cap. $110 million (Cdn)

Advancing Development of a North American BasedReliable and Scalable Strategic Lithium Deposit to

Power Todays Hybrid/Electric Cars and Mobile Devices

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WLC Share Price


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www.westernlithium.comEmail: [email protected]

Western Lithium Investor Relations: 1-604-639-2144Exchange Symbol: TSX-V: WLC

Documents

WLC Presentation - Oct 28 Website