“powering tomorrow’s generation” - millennial...

“POWERINGTOMORROW’SGENERATION”CorporatePresenta,on–August2017

TSX-V:ML|OTCQB:MLNLF|Frankfurt:A3N2

FORWARDLOOKINGSTATEMENTS


This Presentation includes, and is based on, forward-looking information and statements including “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act. These Forward-Looking Statements include references to or assumptions regarding future prices or demand for lithium, accuracy of mineral or resource exploration activity, the existence of reserves or resources, regulatory or government requirements or approvals, access to third party information and continued access to mineral properties or infrastructure. The words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “fast”, “forecast”, “may”, “schedule”, “strategy” and similar words or expressions identify forward-looking information and statements. Forward looking statements are subject to risks and uncertainties that could cause actual results and outcomes to differ.

These risks and uncertainties include, but are not limited to, economic conditions globally, the impact of competition, political and economic developments in the countries in which the Company operates, fluctuations in the margins for the Company’s product, economic and market conditions in the geographic areas and industries that are or could be major markets for the Company’s business, lithium and potash prices and market fluctuations, changes in governmental regulations, interest rates, accuracy of mineral or resource exploration activity, the possibility regulatory or government requirements or approvals will not be obtained, access to third party information, access to mineral properties or infrastructure, currency risks including the exchange rate of the US$ for the Cdn$ and/or the Argentine Peso, changes in exploration costs and government royalties or taxes in Canada or Argentina, disputes with indigenous peoples or other stakeholders and such other factors as may be discussed from time to time. Although the Company believes that its expectations and the information in this Presentation are based upon reasonable assumptions at the time when they are made, it can give no assurance that those expectations will be achieved or that the actual outcomes or results will be as set out in this Presentation.

The Company is not making any representation or warranty, expressed or implied, as to the accuracy, reliability or completeness of the information in the Presentation, and neither the Company nor any of its directors, officers or employees will have any liability to the reader or any other persons resulting from the reader's use of the information in the Presentation.

The Company undertakes no obligation to publicly update or revise any forward-looking information or statements in the Presentation. The reader should consult any further disclosure the Company may make in documents it files with applicable securities regulators. This Presentation is intended for educational and informational purposes only and does not replace independent professional judgment. Statements of fact and opinions expressed are those of the participants individually. The information is not designed to provide financial, tax planning, accounting, investment, business or legal advice in any way whatsoever. The reader should consult with a lawyer, accountant and other professionals in respect of the contents hereof. Furthermore, the information in no way should be construed or interpreted as, or as a part of, an offering of, or a solicitation for the purchase of, securities. Investors are advised to discuss any trading with a registered securities broker or personal finance professional prior to investing.

The technical information contained in this presentation has been reviewed and approved by Iain Scarr, Chief Operating Officer of the Company and a Qualified Person as that term is defined in National Instrument 43-101.

OURVISIONANDSTRATEGY

Lithium–cornerstoneofaquietindustrial

revolu,onMul,-yeargrowth

forecast

Iden,fyandacquirealithiumbrineassetandbuildalow-costlithium

opera,on

Buildastrongteamthathasdoneitbeforeand

canexecutethestrategy:rightindustry,rightcountry,rightproject

MARKETVIEW

VISION STRATEGYEXECUTION


FASTTRACKINGTHEDEVELOPMENTOFLITHIUMBRINEASSETS-KEYSUCCESSFACTORSINPLACE

HighlyProspec,veBrineLithiumProjects

§  A por&olio of highly prospec0ve brine lithium projects in well known lithium region of Argen0na covering 35,000 hectares

§  Solid lithium grades in the flagship Pastos Grandes project confirmed

§  Robust results from pumping test

Poten,allyRobustEconomics&ProvenExtrac,onMethod

§  Poten0ally low OPEX and low CAPEX lithium brine assets §  Mining and processing methods for lithium brines are proven §  Amenable to modular and scalable produc0on

§  By-product (potash) will further enhance the economics of the project

StrategicallyLocatedWithDevelopedInfrastructure

§  Geopoli0cally stable and improving condi0ons under the new president

§  Located in the Argen0nian part of the South American lithium triangle

§  Access to power, natural gas and paved highways

WorldClassManagement&Board

§  Experienced in lithium and large development projects, with a track record of delivering enhanced shareholder value

§  Strong rela0onships in Argen0na as well as in the lithium industry

StrongGrowthInLithiumSector

§  11% annual growth 2010-2015, expected to grow at an annual rate of 16% going forward un0l 2025

§  Spot prices are up to US$20,000/tonne from US$5,000/ tonne in 2015

§  Long term contract prices are up to US$12,000/tonne

FastTrackDevelopment

§  Resource drilling underway, the Maiden Resource Report expected in the second half of 2017

§  Preliminary Economic Assessment to start in H2 2017


RIGHTMANAGEMENTTEAM–REPLICATINGPASTSUCCESSES

Mr.Abasovfoundedandmanagedanumberofminingassetswithsuccessfulexitsinthelastfewyears.§  President&CEOofAllanaPotashsoldtoIsraelChemicalsLtd.for$170M(2015)

§  Execu,veChairmanofRodiniaLithium,developinglithiumbrineprojectsinArgen,na(2016)

§  Co-founderofPotashOneacquiredbyGermanpotashcompanyK+Sfor$430M(2010)

§  SeniorVicePresident,Strategy,atEnergyMetalsacquiredbyUraniumOnefor$1.8B(2007)

FarhadAbasov,MBACEO/Director

Mr.Scarrhaswealthofexperienceinlithiumbrinedevelopmentandopera,ons.–WorkedatRioTinto,industrialmineralsincludinglithiumresourcedevelopmentinSerbia(1979-2009)§  LedfeasibilityworkatSaldeVidalithiumbrineproject(GalaxyResources,Argen,na),

§  CompletedtheRinconlithiumbrineprojectfeasibilitystudy(Enirgi,Argen,na).

§  IainisaresidentofSaltaandhasestablishedstrongrela,onshipsinArgen,na

IainScarr,BSc.,MBAChiefOpera,ngOfficer

Mr.Stevensonhasover15yearsexperienceinfinance,marke,ngandpublicrela,ons.HeispastPresident/CEOofSeawayEnergyServicesLtd..Mr.StevensonwasalsoPresident/DirectorofRuralComNetworks,alicensedCanadianTelecomprovideracquiredbyInvestelCapitalin2016andhecurrentlyisontheBoardofPatriotPetroleumCorp.andDa,nvestInterna,onalLtd..

KyleStevenson,B.Comm.President/Director

Dr.MacLeanhasover25yearsofexplora,onanddevelopmentexperienceinNorthAmerica,SouthAmericaandAfrica.Mostrecently,Dr.MacLeanactedasSVP-Explora,onofAllanaPotashCorp.anddirectedallexplora,onanddevelopmentac,vi,esonitsflagshipDanakhilPotashProjectinEthiopiaincludingmanagingtheCompany'sFeasibilityStudyandoverseeingpilotsolu,onminingandevapora,onpondtrials.Dr.MacLeanhasalsoworkedextensivelyonprojectsthroughouttheAmericasandisfluentinSpanish.

PeterJ.MacLean,Ph.D.,P.GeoSVP-TechnicalServices

Dr.MehtabringsMillennial45yearsofR&Dandmanufacturingexperienceinoreandbrinebasedtechnologyfortherecoveryoflithium,potash,magnesiumandboron,Dr.MehtahasexpertinsightonlithiumprocesstechnologiesforthedevelopmentofLi2CO3,LiOHandmorethan20otherlithiumproducts.

Dr.VijayMehta,Ph.DAdvisoryBoard

Mr.Binningerhasextensiveexperienceleadingandcrea,ngtechnicallysophis,catedprocessandservicecompaniesincludingARCO,HerculesandRioTinto.Mr.Binningerbringsacombina,onofglobalmanagement,strategicposi,oningandfinancialexper,sewithhandsonopera,ngexperiencethroughouttheresourcesector.

G.A.(Ben)Binninger,B.Sc.,MBAAdvisoryBoard

AdvisoryBoard:


BOARDWITHSTRONGTRACKRECORD


Mr.Abasovfoundedandmanagedanumberofminingassetswithsuccessfulexitsinthelastfewyears.§  President&CEOofAllanaPotashsoldtoIsraelChemicalsLtd.for$170M(2015)

§  Execu,veChairmanofRodiniaLithium,developinglithiumbrineprojectsinArgen,na(2016)

§  Co-founderofPotashOneacquiredbyGermanpotashcompanyK+Sfor$430M(2010)

§  SeniorVicePresident,StrategyatEnergyMetalsacquiredbyUraniumOnefor$1.8B(2007)

Mr.Harrishasover30yearsexperienceinthefinanceindustryincludingasaSVPandDirectorofCanaccordCapitalCorp.from1999-2004.Mr.Harrishasdirectlyraisedover$250Mindevelopmentandventurecapitalforpublicandprivatecompanies.Mr.HarrisiscurrentlyCEO/DirectorofMLGoldCorp.andwasafounderofSunriseDrillingLtd.

Mr.Stevensonhasover15yearsexperienceinfinance,marke,ngandpublicrela,ons.HeispastPresident/CEOofSeawayEnergyServicesLtd.Mr.StevensonwasalsoPresident/DirectorofRuralComNetworks,alicensedCanadianTelecomprovideracquiredbyInvestelCapitalin2016andhecurrentlyisontheBoardofPatriotPetroleumCorp.andDa,nvestInterna,onalLtd.

Mr.Boweringhasheldseniorexecu,veposi,onsanddirectorshipsinnumerouspublicexplora,oncompaniesoverthelast25yearsopera,nginCanada,U.S.A.,Mexico,ChinaandArgen,na.Mr.Boweringhasraisedover$160Mformineralexplora,onandadvanceddevelopmentprojects.Mr.BoweringwasfounderofSunriseDrillingLtd.

Mr.Lacroixhasextensiveexperienceinallaspectsofpotashmining,processing&marke,ngincluding30+yearswithPotashCorp.risingtoSVPofSaskatchewan(PCS).MostrecentlyMr.LacroixservedasaDirectorforAllanaPotashCorp.andwasinvolvedintheCompany’sBFS.

FarhadAbasov,MBACEO/Director

GrahamHarris,B.A.Chairman/Director

KyleStevenson,B.Comm.

President/Director

AndrewBowering,B.A.Director

RichardLacroixDirector

LITHIUM–CORNERSTONEOFAQUIETREVOLUTION


LithiumBaWeries

CarmakersElectricvehicles

EnergycompaniesSta,onaryenergystoragefacili,es

TechnologyfirmsBaoerytechnologies

Lithiumnowisbringingtogetherenergy,automo,veandtechnologycompaniestofosteranenergyrevolu,on

ROBUSTLITHIUMDEMAND

104070100130160190220250280310340370400430460490520550580

2014 2015 2016 2017 2020 2025

Lithiumdemandises[matedtomorethantriplefrom170kmtin2015to530kmtin2025,ledbylithiumbaWerydemandgrowth

NonEnergy Smartphones TabletNotebook PowerTools E-BikesE-scooters/Motorcycles HEV PHEVBEV E-Bus/Truck Sta,onaryStorage

LCEde

man

d,(k

mt)

*Source:GoldmanSachsGlobalInvestmentResearch,April2016.


STRONGLITHIUMSECTORGROWTH


Millennialisfasttrackingitsprojecttoproduc,onasSouthAmericanbrineproduc,onisconsideredthemostcostcompe,,ve

Lithiumdemandgrewatanannualrateof11%between2010and2015andisexpectedtogrowatanannualrateof16%un,l2025

SpotpricesatUS$20,000/tonnefromUS$5,000/mTinSeptember2015.LongtermcontractpricesatUS$12,000/tonne,upfrom$5,500/mTin2016.

Increaseddemandforlithium-ionbaoeriesforuseinelectricvehiclesandbaoery-basedenergystorage

Globaldemandforlithiumcarbonatetorisetomorethan500,000tonnesby2025from163,000tonnesin2015,withlargerspikesan,cipatedpost-2025


LITHIUMSUPPLYANDUSES(MILLENNIALWILLUSEPROVENPROCESSESANDTECHNOLOGIES)

Li-OnBaoery Ceramics Pharma

Li-OnBaoery AluminumIndustry SteelCas,ng

ElastomerProduc,on

PrimaryBaoeries

LiAircrarMaterial

Catalyst

BrineDeposit

LithiumCarbonate

LithiumHydroxide

LithiumChloride

LithiumMetallic

Lithiumbrines:accumula,onsofsalinegroundwaterthatareenrichedindissolvedlithium.Brinestypicallycarrying200-1,400milligramsperliteroflithiumarepumpedtothesurfaceandconcentratedbyevapora,oninasuccessionofponds,eachinthechainofhavingagreaterlithiumconcentra,on.Arer9-12months,dependingonclimate,aconcentrateof1-2%lithiumisfurtherprocessedinachemicalplanttoyieldvariousendproducts,suchaslithiumcarbonateandlithiumhydroxide.

ARGENTINA–OPENFORMINING


Elec,onofpro-businessPresidentMacriandcancella,onofthe5%miningexporttaxesindicatesArgen,naisopenforbusiness.

Argen,naseoledabonddisputewithinterna,onalinvestorspavingthewayforamassivenewbondissuanceof$16billion.

Argen,nacurrentlyproduces17%ofworld’slithiumsupply

Morethan10mineshavebeenputintoproduc,oninthepast10years.

Greaterthan500,000employedintheminingindustry.

Miningisconcentratedprimarilyinthreepro-miningprovinces:Salta,SanJuan&SantaCruz.

MILLENNIAL’SASSETDEVELOPMENTSTRATEGY–FOCUSONLOW-COSTBRINEPRODUCTION


Haveiden,fiedtherightprojectswiththehighestprobabilityofgeungtocashflowquickly

Provenproduc,onmethodsusingevapora,onpondsandknownprocessingtechnologies

Low-cost,stagedproduc,on

Fullproduc,onfromsupplementaldrillingandaddi,onalponds

By-productpotashmayenhancetheeconomics

PORTFOLIOOFPROJECTS


PASTOSGRANDES(100%)TheCompany’sflagshipprojectcoversover8,664hectaresofthePastosGrandesSalar,located231kmfromthecityofSaltaataneleva,onof3,800metres.

CAUCHARIEAST(100%)TheCauchariEastprojectcoversover11,000hectaresintheCauchariSalar,adjacenttoandcon,guouswithLithiumAmerica’sCauchariProjectandOrocobre’sproducingOlarozmine.

CRUZPROJECT(100%)TheCruzProjectcoversover2,500hectaresofthenorthernpor,onofthePocitosSalar.Theprojectlies11kmsouthofADYResourcesLtd'slithiumbrineresourceintheSalardelRincon.

POCITOSWEST(100%)15,857hectareslocatedonthewestsideofthePocitosSalar,adjacenttoPureEnergyMinerals.

Argen,naisafavorableminingjurisdic,onwhichhostssomeoftheworld’slargestlithiumresources.Millennialhasacquired4projectsstrategicallylocatedintheheartoftheArgen,neanpor,onofthe“LithiumTriangle”coveringover35,000hectares

PASTOSGRANDES–ADVANCEDSTAGEPROJECT


PastosGrandeshassomeofthebestinfrastructureintheLithiumTriangle.

Located231kmfromthecityofSaltaataneleva,onof3,800metres.TheprojectisaccessibleyearroundusingpavedhighwayanddirtroadsfromSalta.

LosPastosGrandesVillage,120inhabitants,12kmnorthoftheproper,esprovidesbasicinfrastructureincludingadomes,cwatersystemanddieselbasedpowergenera,onof220volts.

A600MW,375kilovoltpowerlinebetweenSaltaandMejillonesinChile,passes53kmtothenorthoftheproject.

AnaturalgaspipelinepassesthroughSanAntoniodelosCobrestoSalardePocitos,26kmnorthwestfromtheMillennialproper,es.

PASTOSGRANDES–ONTHELITHIUMTREND


vv

PASTOSGRANDES

StructuraltrendMillennialProjectsProduc,oncentresOtherprospects

Themoreimportantlithiumtargetsandproduc,onareasinArgen,nafallalonganimportantnorth-southtrend,relatedtotheforma,onofelongateback-arcbasins,primarilyatornearthejunc,onofnorthwest-southeast“mega-shears”thathostimportantvolcaniccentres.

Produc,onareas-Atacama,Olaroz-CauchariandHombreMuerto,representedbyreddiamondsandsignificanttargetareasbyblackdots.

PastosGrandes,aswellastheotherMillennialprojectsarealsoassociatedwiththesestructuraltrendswhichmayhaveaidedlithiumenrichment.

PASTOSGRANDES–ADVANCEDSTAGEPROJECT


ThePastosGrandesLithiumProjectcurrentlycoversover8,000hectareswithinthePastosGrandesSalar.

SamplingofthePastosGrandesProjectdeterminedthatthesalarcontainsbrineswithadensityof1.2mg/ml.§  Ligradeof400mg/lto600mg/l§  Somevaluesexceeding3000mg/llithium

Ini,alMillennialdrillinginlate2016returned395mg/lLiover355m(PGMW16-01)and389mg/lLiover329m(PGMW16-02)anddrillingin2017returned535mg/lLiover381.5m(PGMW17-04b)

PGMW16-01PGMW16-02

PGMW17-04b

Extendedpumpingtestof60hoursatPGPW16-01indicatesdrawdownofonly9mover24hoursatpumpingrateof27.7l/sandminimaldecreaseinLivaluesfrom439mg/lto431mg/lover60hours.

PASTOSGRANDES–SuccessfulBidforREMSAground


TheREMSAclaimscover2,492hectaresofstrategicgroundcon,guoustotheCompaniescurrentclaimsatPastosGrandesandadjacenttorecentdiscoveryholes:

PGMW17-04b–Drilledtoatotaldepthof564andterminatedinbrinebearingsand.Significantassaysinclude535mg/lLiover381.5meters(93.5mto475m).PGMW17-05c–Drilledtoatotaldepth601metersandterminatedinbrinebearingsand.Significantassaysinclude523mg/lLiover33metres(27.5mto60.5m)and545mg/LLiover211.3meters(381.7mto593m)

Millennial’slandholdingsatPastosGrandesnowtotal8,664hectares.

TermsofPurchase:

§  Ini,alPayment25%-US$1,869,037

§  TotalPurchasePrice:US$$7,476,150

§  Stage1WorkCommitment:US$15,400,000

PASTOSGRANDES-STRATIGRAPHY–ROBUSTBRINEHORIZON


PastdrillinghasshownLienrichmentof535mg/lover381m.

Basicstra,graphyderivedfromdrillingshowssurfacesedimentsandanupperhalitesec,onfollowedbyaporous,predominantlyloosesandhorizonwhichhoststhemainaquiferandbrine.

Somepor,onsofthehalitesec,onareporousandbrinebearing.Drillhole1yieldedlithiumfromsurfacetoadepthof395meters

Thebrinehorizonhasbeentracedto400mandremainsopenatdepth.

BRINE

BRINE

PASTOSGRANDES–RESOURCEDRILLINGINPROGRESS


MontgomeryandAssociatesengagedtocomplete43-101compliantresourcees,mate.

11drillholesplannedtosupportgeologicalandresourcemodels.

Polygonalresourcees,mateplannedconfinedbypropertyboundariesandhydrogeologicunits.

Resourcees,mateexpectedbyendofQ3,2017.

Fourdrillsarecurrentlyac,veatPastosGrandes

PASTOSGRANDES-CONCEPTUALPROCESSFLOWSHEET


U,lizetradi,onalprocesses,thenop,mizeandscale-upmodularly–SolarEnergyisfree!


PASTOSGRANDES–DEVELOPMENTTRACK

PASTOSGRANDESO N D J F M A M J J A S O N D Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

2016 2017 2018 2019

EXPLORATIONDRILLING

INTIALPUMPINGTESTS

LABEVAPORATIONTRIALS

FIELDEVAPORATIONTRIALS

RESOURCEDRILLING

ENVIRONMENTALBASELINESTUDIES

NI43-101

PEA

PILOTPLANTCONSTRUCTION

PILOTTRIALS

MODELINGANDRESERVES

DFS

PERMITTING

CONSTRUCTION

LITHIUMCOSTCURVE-MILLENNIAL’SADVANTAGE


§  BrineprojectsinSouthAmericaareatthelowerendofthecostcurve,withproduc,oncostsintheUS$3-4k/tfollowedbyChinesebrineprojects(US$5.5k/t).

§  Australianhardrockprojects(US$6k/t)andChinesehardrockatthehigherend,withproduc,oncostsatUS$8k/t.

COMPARABLES–OURCOMPELLINGVALUATION


$0

$100,000,000

$200,000,000

$300,000,000

$400,000,000

$500,000,000

$600,000,000

$700,000,000

$800,000,000

MARKETCAPITALIZATION

$60,075,000.00 $87,300,000$143,990,000

$178,500,000.00

$489,440,000.00

$701,400,000

TSX.vLithiumDevelopmentCompaniesinArgen[na

MillennialLithium NeoLithium LSCLithium LithiumXEnergy LithiumAmericas Orocobre

MILLENNIALLITHIUM-2017STRATEGICPLAN


AggressivelyadvancePastosGrandestocompleteexplora,ondrilling,resourcees,mateandNI43-101reportinQ32017

Ini,atePreliminaryEconomicAssessmentonPastosGrandesinH2,2017withgoaltocompletebyQ42017

Expeditepermiung(inprogress)anddrillingonPocitosWestandCruzproper,estoevaluatelithiumpoten,alinQ22017

Evalua,onofgeophysicaldatatoplandrillingandpermiungtoini,atedrillinginQ4,2017onCauchariEast.

PORTFOLIOOFHIGHLYPROSPECTIVELITHIUMASSETS


CAUCHARIEASTPROJECT


DRILLINGTOCOMMENCEINQ32017

CauchariEastcoversover11,000hectaresintheeasternpartofCauchariSalar.

Since2009,thesalarhasbeenexploredbyOrocobreLimitedandLithiumAmericasCorp.

In2010Orocobre’sNI43-101TechnicalReportfortheCaucharisalardiscloseddatawhichconfirmsthatthebrineresourceextendseastofthebasin.

RecentVESstudybyMillennialiden,fieda72m-105mthickcon,nuousconduc,velayerextendingeastfromtheknownbrinesontheCaucharisalarontotheCauchariEastProject.

Thepropertyiswellsuitedforprocessingfacili,esdevelopment,gainingnego,a,ngleverageforprojectconsolida,on.

Drillpermiungisinprogressandexpectedinthesummerof2017.

POCITOSNORTH-CRUZPROJECT



The2,500hectareCruzProjectliesatthenorthendofthePocitossalarbasininSaltaprovince,Argen,na

TheCruzProjectisatthejunc,onofalargenorth-southfaultsystemandanorthwestsoutheastmega-structure,alongwhichliestheRinconvolcano,thepossiblesourceoftheRinconSalarlithiumbrine

Inthe1970s,agovernmentagencydrilledasingleshallowholeandsubsequentsurfacesamplingencounteredlithiumvaluesashighas400mg/Lsouthoftheproperty

Morerecentsamplingcampaignstendtoshowhigherlithiumconcentra,onsalongthedeepfaults,suppor,ngtheconclusionthatthesefaultsareconduitsforlithiumbearingfluidsemioedbythevolcaniccenterjustnorthoftheproperty

Op,onedtoSouthernLithiumCorp.withMillennialasoperator.

POCITOSWESTPROJECT


15,857hectareslocatedonthewestsideofthePocitosSalar,SaltaProvinceArgen,na.

The60-kilometre-longPocitosSalarhasbeenpreviouslydrilltestedby12shallowholesin1979byanArgen,negovernmentagency.

Themostsignificantresultfromthehistoricalworkprogramincludesashallowdrillhole,whichaveraged417mg/Llithiumand15,300mg/Lpotassium.

In2010,Li3EnergyInc.announcedtheresultsof46brinesamples,withbrineassaysrangingfrom300to600mg/Llithium.ThesesamplesweretakenimmediatelyeastofthePocitosWestProject.

PreviousgeophysicalstudiesconductedbyLi3EnergyInc.alsodemonstratethePocitosbasinisapproximately500metresdeepandtheprospec,vebrinetargetisopentothewesttowardsthePocitosWestProject.



CONTACTINFO

MillennialLithiumCorp.Suite2000-1177WestHas,ngsStreetVancouver,BCCanadaV6E2K3E-Mail:[email protected]:www.millenniallithium.com

FarhadAbasov–CEO Email:[email protected]

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