ALS LIMITED — Investor Presentation 2016

Jun 26, 2016

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Assay Laboratories Pharmaceutical New Technologies Click to edit subtitle Citi– Mining Exploration Day (27 June 2016) Brian Williams Group General Manager - Global Mineral Services

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Right Solutions • Right Partner www.alsglobal.com

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Right Solutions • Right Partner
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Important notice and disclaimer

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• This presentation has been prepared by ALS Limited, ( ALS or the Company ). It contains general information about the Company’s activities as at the date of the presentation. It is information given in summary form and does not purport to be complete. The distribution of this presentation in jurisdictions outside Australia may be restricted by law, and you should observe any such restrictions.

• This presentation is not, and nothing in it should be construed as, an offer, invitation or recommendation in respect of securities, or an offer, invitation or recommendation to sell, or a solicitation of an offer to buy, securities in any jurisdiction. Neither this document nor anything in it shall form the basis of any contract or commitment. This presentation is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any investor. All investors should consider such factors in consultation with a professional advisor of their choosing when deciding if an investment is appropriate.

• The Company has prepared this presentation based on information available to it, including information derived from public sources that have not been independently verified. No representation or warranty, express or implied, is provided in relation to the fairness, accuracy, correctness, completeness or reliability of the information, opinions or conclusions expressed herein.

• This presentation may include forward-looking statements within the meaning of securities laws. Any forward-looking statements involve known and unknown risks and uncertainties, many of which are outside the control of the Company and its representatives. Forward-looking statements may also be based on estimates and assumptions with respect to future business decisions, which are subject to change. Any statements, assumptions, opinions or conclusions as to future matters may prove to be incorrect, and actual results, performance or achievement may vary materially from any projections and forward-looking statements.

• Due care and attention should be undertaken when considering and analysing the financial performance of the Company.

• All references to dollars are to Australian currency unless otherwise stated.

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ALS Business Streams

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FY2016 Revenue
$2.6bn
Cyclical Non-Cyclical
Market
Capitalisation Engineering
Life Sciences
Inspection
Metallurgy
11,500 Geochemistry
Minerals
Employees
Coal
Environmental
Industrial
$1.4bn Oil & Gas
Revenue
Energy
Asset Care
Food/Pharma
65
Tribology
Countries
370
Operating Sites
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Environmental Food Pharmaceutical Consumer Products Geochemistry Mine Site Metallurgy Trade Inspection Coal Asset Care Tribology Oil & Gas

Note: the majority of Mine Site work is geochemistry

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ALS Locations – A Strategic Asset

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Revenue

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The Hub and Spoke Model in Action

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Overview

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• Global LIMS
• Single global database
• Standardized methods,
equipment and quality
• Logistics tracking
Efficiency & optimal
performance (scalability
–
up & down)
Lower cost base &
globally consistent service
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Weathering the Storm

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Global Geochemistry Sample Flow (trailing 52 week running average) and Global Exploration Spend

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Global Mineral Exploration Market

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Market Trends

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400 20
350
300 15
250
200 10
150
100 5
50
0 0
$ Grassroots $ Late STage $ Minesite
Grassroots Late Stage Minesite
USD$ billion
Expenditure rebased to 100
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generic innovative
SERVICE
value
DOLLARS
price
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ALS continued investment to maintain technical capabilities and feed innovation to high end value added services

ALS focus on systems, productivity and cost base to maintain volume in generic services market sector

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Extracting greater value from Analysis Dollars – Easier to find the Haystack than the Needle!

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Super Ultra Trace Analysis for Soils and Sediments Selective Extractions

• Ionic Leach[TM]

• Clay Fractionation

• Vegetation Analysis/BioGeochemistry

• • HydroGeochemistry

Isotopic Analysis

• Pb Isotopes

• Carbon and Oxygen Isotopes

Mineralogy

• Hyperspectral

• Traditional

Rapid Portable XRF Analysis

Instrumentation and Equipment

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Super Trace Analysis for Soils and Sediments

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Advancements in ICP/MS Technology – Partnering with Instrument Manufacturers:

• Increased Sensitivity

• Improved Sample Introduction Techniques

• • Engagement of Collision/Reaction Cell Technology

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• Higher signal-to-noise ratios

• • Lower carryover effects • Reduced mass interferences • Detection limits 10-100 times lower than standard ICP-MS packages

• • Increased precision

Increased Confidence in Data

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Super Trace Analysis by ICP-MS

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Increased Sensitivity

Improved Sample Introduction Techniques Engagement of Collision/Reaction Cell Technology The precision of a measurement depends on detection limit, method tolerance, and concentration. Lowering detection limits removes analytical noise and may reveal anomalous patterns at levels previously unattainable, as with the example of arsenic.

Detection limits below regional background for key pathfinders like Tl, Sb, Te, Cd, Se and As facilitate clear definition of anomalous patterns in unmineralised core.

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– Ionic Leach[TM] A ‘Selective’ Concentration

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Differentiating Metal Transport Mechanisms:

• Mechanical Means

  • Chemical/Ionic

  • Transportation

• Weakly bound metals can be characteristic of

• underlying mineralization

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Leach Method and Target Mineralogy

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Digestion methods target different components of a soil or sediment pending strength of the leaching media.

Ionic Leach[TM] is designed to extract commodity and pathfinder species that are weakly bound to oxide surfaces or within carbonate minerals in a soil

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Case study: Ionic Leach[TM] and Aqua Regia

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Ionic Leach [TM]
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Results of orientation survey comparing Ionic Leach[TM] with aqua regia digest

Blue band = known Cu-Ag (Au) mineralization.

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Aqua regia
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Both Ionic Leach[TM] and aqua regia show excellent anomaly/background contrast.

Co-incident Ag anomaly with Cu and high anomaly/background contrast for Ag by Ionic Leach[TM] . Ionic Leach[TM] was the better choice for this deposit type.

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Clay Fraction Separation – A ‘Physical’ Concentration

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Standard Soil Prep Bulk fraction 80 mesh screen for analysis

Sonicating Sonicate with water disaggregates & dispersant and suspends clay size particles Faster than wet screening, this Centrifuge to procedure has remove silt & sand been in use for decades in research

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These results are from a Results from the bulk soil B-horizon soil survey line (standard option for soil over a copper porphyry analysis) and results from with super ultra trace the clay fractionation are ICPMS detection. overlayed.

Clay-sized fraction for analysis

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Vegetation Analysis – A ‘Natural’ Concentration

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HydroGeochemistry - Water as an Exploration Medium

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Drill-Hole Hydrogeochemical Anomalies

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Much like vegetation, water as a sampling media has some unique advantages:

• Sample is influenced by a large volume of subsurface material

• Samples deeper horizons than soils

• Subsurface flow is easily modelled thereby providing a Vector towards the ore zone

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Isotopic Analysis – Exploration Applications

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Stable isotopes are useful for:

• Understanding sources of fluids

• • Understanding water-rock reactions

• Determining sources of metals

• • Determining temperature of alteration

Radioactive and radiogenic isotopes are useful for:

• Fingerprinting metal sources

• • Age dating of geological materials – the main control is time, which depends on the half-life of decay

• Vectoring to mineralization

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Pb Isotope Analysis

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Real samples from massive sulfide mineralization.

Drill core data shows mixing trend between low Pb ratios (nonStable isotopes are useful for:radiogenic) from the ore to higher • Pb ratios (more radiogenic) in the Understanding sources of fluids • country rocks. Understanding water-rock reactions • Determining sources of metals Soils data show a tighter cluster • Determining temperature of alteration with a different slope.

Either the soils are far from mineralization, or they have a different source of Pb compared to the drill core samples close to ore.

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Carbon and Oxygen Isotopes in Carbonates

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Stable isotopes are useful for:
•
Understanding sources of fluids
•
Understanding water-rock reactions
•
Determining sources of metals
•
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• Isotopically • Isotopically unaltered altered

• • Visually • Visually unaltered unaltered

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Hyperspectral Mineralogy

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The value of Spectral Mineralogy is widely understood and adds valuable information to all phases of mineral exploration and development projects.

Skills required for data acquisition

To Date uptake Complexity in interpretation of spectra has been Quantification of spectral results for hindered in ut into databases p by:

Data integration with other project data

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Family of Hyperspectral services

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Applications:

• Exploration Pathfinder

• Extractive Metallurgy

• Blend Characterization

• Plant Performance Optimization

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Family of Hyperspectral services

TerraSpec 1-1.5 meters

HyLogger 10-25 mm

TCI - TerraCore core scanning 1 mm

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Spectral mineralogy collected on core Results binned for entire hole

Mineralogy at the centimeter scale

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• High resolution GeoSpectral Image[TM] each pixel = 1 mm

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Visualization with ALS CoreViewer™

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Visualization with ALS CoreViewer™

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Traditional Mineralogy Services

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Mineralogical examination services

• XRD, QEMScan, MLA & Microscopic examinations.

• Mineralogical examination services provide information towards:

• Process plant trouble shooting

• Future ore body characterisation

• Process flowsheet development

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Min2416B1A-02
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Mineral Name Background Gold Pyrite Arsenopyrite Galena Sphalerite Chalcopyrite Other S/As/Te/Sb phases Quartz Albite Micas Kaolinite Chlorite Other silicates/boundaries Carbonates Fe-oxides/oxyhydroxides/siderite Rutile Apatite Other minerals

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Portable XRF Analysis

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A semi-quantitative scan aimed at quickly identifying anomalies.

Key exploration elements are reported at detection limits relevant to aiding in drilling decisions.

• Why offer portable XRF in labs? 1. Sample homogeneity by running the analysis immediately after pulverisation

• Quality control using internal standards, regular calibration checks, etc.

• Very fast turnaround time through efficient staffing and prep lab management

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Instrumentation & Equipment

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Robotic Fusion, TGA and XRF Analysis

Robotic Sample Preparation

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Advances in Instrumentation

Microwave Plasma ICP/MS

• No flammable gas

• No compressed gas

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• Synchronous Dual View Torch Technology • Reduced run time (Radial + Axial View)

• • Environmental & Geochemistry applications

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Thankyou

More details on all services available in Technical Notes at www. alsglobal.com

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