Collective Mining | Corporate Presentation - May 2024
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Cypress Development Corp. Investor Presentation
1. Clayton Valley, Nevada
From Drilling to PEA in under 2 Years
October 2018
CYP (TSX-V), CYDVF (OTCQB), C1Z1 (Frankfurt)
Shares Issued and Outstanding: 62.4 million
Fully Diluted Shares Outstanding: 79.1 million
Market Capitalization: $18.7 million
2. Forward Looking Statements
Some of the statements in this document may be deemed to be "forward-looking statements." All
statements in this document, other than statements of historical facts, that address events or
developments that management of the Company expects, are forward-looking statements. Although
management believes the expectations expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of future performance, and actual results
or developments may differ materially from those in the forward-looking statements. The Company
undertakes no obligation to update these forward-looking statements if management's beliefs,
estimates or opinions, or other factors, should change. Factors that could cause actual results to
differ materially from those in forward-looking statements, include market prices, exploration and
development successes, continued availability of capital and financing, and general economic, market
or business conditions. Please see the public filings of the Company at www.sedar.com for further
information.
Qualified Person as defined by National Instrument 43-101 and supervised the preparation of the
technical information in this presentation is William Willoughby, PhD, PE, Director and CEO of Cypress.
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3. Key Management & Directors
โข William Willoughby, PhD, PE โ Director, Chief Executive Office
Dr. Willoughby is a mining engineer with 38 years of experience in all aspects of natural resources development. Since 2014, he has been
principal and owner of consulting firm Willoughby & Associates, PLLC. Prior to that, he was President and COO of International Enexco Ltd.,
which was acquired by Denison Mines in 2014. He previously held various positions with Teck (Cominco). Dr. Willoughby has been a Professional
Engineer since 1985 and received his Doctorate in Mining Engineering & Metallurgy from the University of Idaho in 1989
โข Donald C. Huston โ Chairman, President
Don Huston serves as Chairman of the Board and President of Cypress Development Corp. Mr. Huston has been associated with the mineral
exploration industry for over 30 years and has extensive experience as a financier and in-field manager of numerous mineral exploration
projects in North America. He was born and raised in Red Lake, Ontario and spent 15 years as a geophysical contractor with C.D. Huston & Sons
Ltd. as mineral exploration consultants in northern Ontario, Manitoba and Saskatchewan. Mr. Huston serves as a director of four Canadian
public resource companies.
โข James G. Pettit โ Director, Chief Financial Officer
Jim Pettit serves as a Director and acting Chief Financial Officer of Cypress Development Corp. Mr. Pettit is currently serving on the board of
directors of five publicly traded companies and offers over 25 years of experience within the industry specializing in finance, corporate
governance, executive management and compliance. Jim was previously Chairman and C.E.O. of Bayfield Ventures Corp. which was bought by
New Gold Inc. in January 2015.
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4. Cypress Capital Structure
โข TSX Venture Symbol: CYP
โข US OTCQB Market: CYDVF
โข Frankfurt Exchange Symbol: C1Z1
โข Basic Shares Outstanding: 62.4 million
โข FD Shares Outstanding: 79.1 million
โข Market Capitalization: 18.7 million
โข Year End: December 31st
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As of Sept 30, 2018
5. Clayton Valley Project
Preliminary Economic Assessment
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After-tax cash flow analysis
Internal rate of return (IRR) 32.7%
Net present value (NPV 8%) $1.45-billion
Payback period 2.7 years
Operating rate 15,000 tpd for 40 years
Capital cost estimate
$482-million over 2
years
Net lithium recovery 81.5%
Base case price for lithium carbonate $13,000/tonne
Average production lithium carbonate 24,042 tonnes
Operating cost for lithium $3,983/tonne
7. Lithium: US โCritical Mineralโ
โข US Government designated Lithium as a โCritical Mineralโ of
strategic importance in December 2017
โข โCritical Mineralโ designation favours domestic sources of Lithium
across the supply chain
โข December 2017 Executive Order Stated: "It shall be the policy of
the Federal Government to reduce the Nation's vulnerability to
disruptions in the supply of critical minerals, which constitutes a
strategic vulnerability for the security and prosperity of the
United States."
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8. Key Events
โข 2014 - Albemarle Corporation (NYSE: ALB) acquires Rockwood Holdings for $6.2B
- purchase includes Silver Peak Lithium Mine located in Clayton Valley
โข 2015 - Tesla Motors breaks ground on USD $5 billion, 35 GWh factory near Reno
โข 2016 โ Cypress acquires Clayton Valley claims
โข reports 3,070 ppm Li in a surface sample of claystone
โข March 2017 โ Drilling commences on Dean property
โข Sept 2017 โ Begins leach testing on drill core
โข June 2018 โ Maiden 43-101 Resource Estimate announced
โข Sept 2018 โ Preliminary Economic Assessment completed
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9. Clayton Valley Highlights
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โข SIZE - Major lithium resources, 8.9 Mt LCE
โข NEW - First hole collared February 201
- Rapidly advancing, PFS by Q1 2019
โข LOCATION - Next to Albamarleโs Silver Peak brine operation
โข MINING - Flat deposit, no overburden
โข soft clay, no drill & blast
โข METALLURGY
โข Leachable clay, low acid consumption
โข Potential by products, including REEs
13. Mining
Soft material, no
drilling and blasting
Pit to 120m depth,
30โฐ pit slope
15,000 tpd
<0.1 waste to feed
Production with
loader, feeder breaker
Slurry pipeline to mill
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15. Lithium Recovery
โข Standard treatment with lime
adjusting pH to low impurity
solution
โข Low reagent consumptions
โข Recovery to battery grade product
on-site
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Increasing pH ->>>
Brine pH Li Mg K Ca Na Mn Fe
1 173 4225 1087 593 1997 98 183
6 157 3172 984 473 1807 5 0
10 172 16 1063 756 1978 ND ND
12 193 2 1223 2 7097 ND ND
Values in ppm
16. Process Flow Sheet
Leach circuit
Agitated tank
CCD
pH and temp
control
Heat with steam
from acid plant
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17. Rare Earth Elements
Sample
ID
Assay (ppm) Total
Sc Y La Ce Pr Nd Sm Eu Gd Tb Dy Ho Er Tm Yb Lu ppm
Hazen โ DCH-16 Oxide <5 15 24 60 10 9 <5 <5 6 <5 <5 <5 <5 <5 <5 <2.5 124
Hazen โ DCH 16 Reduced 5 15 25 57 11 10 <5 <5 5 <5 <5 <5 <5 <5 <5 <2.5 128
DCH-17 4 11 21 42 5 16 2 110
GCH-6 6 13 28 55 6 20 3 141
DN1-DN-29 avg 10 22 34 68 8 28 6 4 4 200
Extraction -% 25 49 16 20 23 24 30 40 40
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18. Capital Cost Estimate
(USD Millions)
Mine development and equipment 35
Plant feed prep, leaching, purification and lithium recovery 163
Acid plant 105
Tailings 25
Site utilities 17
Infrastructure and G&A capital 38
Direct Capital Costs 383
Working capital 24
Contingency (20% of Direct Costs) 76
Indirect Capital Costs 99
TOTAL CAPEX 482
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19. Operating Cost Estimate
Operating Cost
$ per tonne
of mill feed
$ per tonne
of LCE
Mining 1.73 395
Plant labor 1.45 330
Reagents & supplies 12.70 2,893
Power 0.94 210
G & A 0.68 155
TOTAL OPEX 17.50 3,983
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20. Time Line
2018 May Jun Jul Aug Sep Oct Nov Dec Jan
Initial Resource Estimate
Preliminary Economic Assessment
Drilling & Metallurgical Sample
Bench Tests & Engineering
Preliminary Feasibility Study
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