ALTECH BATTERIES LTD — AGM Information 2014

Nov 4, 2014

==> picture [235 x 69] intentionally omitted <==

AGM Presentation Iggy Tan Managing Director

==> picture [150 x 135] intentionally omitted <==

==> picture [168 x 50] intentionally omitted <==

To be a world leading producer of high purity alumina (HPA)

==> picture [179 x 228] intentionally omitted <==

==> picture [215 x 72] intentionally omitted <==

----- Start of picture text -----

Our vision
----- End of picture text -----

==> picture [369 x 208] intentionally omitted <==

==> picture [168 x 50] intentionally omitted <==

• Sapphire - natural form of high purity alumina (HPA)

• Formed by mother nature like diamonds

==> picture [233 x 106] intentionally omitted <==

----- Start of picture text -----

Sapphire
gemstone
----- End of picture text -----

• Extremely hard – no. 9 on Mohs scale (third hardest mineral behind diamond)

• Scratch-resistant artificial sapphire glass made from HPA

==> picture [168 x 50] intentionally omitted <==

• O

• Purified alumina or aluminum oxide (Al2 3)

• • Greater than 99.99% (4N) purity

• • Lots of work to upgrade SGA (99.5%)  4N 99.99% HPA

• • Maximum allowable impurities of 100ppm

• • 4N category - 99.99% pure (impurity 100ppm) - most sales volume

• • Heat resistance, electrical isolation, abrasion & corrosion resistance, extreme hardness

SGA – Smelter Grade Alumina

==> picture [168 x 50] intentionally omitted <==

==> picture [75 x 81] intentionally omitted <==

==> picture [101 x 101] intentionally omitted <==

==> picture [101 x 101] intentionally omitted <==

==> picture [101 x 101] intentionally omitted <==

==> picture [101 x 101] intentionally omitted <==

Smelter Grade High Purity High Purity High Purity Alumina Alumina Alumina Alumina SGA 99.5% HPA 99.9% (3N) HPA 99.99% (4N) HPA 99.999% (5N) $0.4 per Kg $1 -10 per Kg $10-50 per Kg $50-150 per Kg

Our Target Business

==> picture [259 x 163] intentionally omitted <==

----- Start of picture text -----

High price
for purity
----- End of picture text -----

==> picture [168 x 50] intentionally omitted <==

• HPA is placed in an autoclave

• Heated to >2,000[o] C melting point under intense pressure

==> picture [295 x 139] intentionally omitted <==

----- Start of picture text -----

Artificial
sapphire
process
----- End of picture text -----

• Forms single crystal sapphire (boule)

• • Allowed to cool slowly – 22 day cycle

• Diamond cutting equipment to cut sapphire shapes

• Heat & scratch resistant

==> picture [141 x 44] intentionally omitted <==

Welcome to the world of HPA

==> picture [532 x 453] intentionally omitted <==

----- Start of picture text -----

Sodium Lamps
Hybrid Cars
Display Screens
Abrasives
Ultrafiltration
Ceramic
Electronic Substrates
Tools
Special
Semiconductors
Ceramics
HP Refractory
Polishing Cosmetics
Medical
Abrasives
Separation
Headlights
Membranes
LED Lighting
Optical Lenses
Industrial
Military Aerospace
----- End of picture text -----

==> picture [168 x 50] intentionally omitted <==

==> picture [450 x 206] intentionally omitted <==

----- Start of picture text -----

High Purity
Alumina
Applications
Phosphor
Semi Other
LEDs Based
conductors Applications
Applications
----- End of picture text -----

==> picture [446 x 201] intentionally omitted <==

----- Start of picture text -----

Smartphone Others Phosphor
sapphire glass is 7% 16%
a new market
Semiconductors
22%
LED
55%
----- End of picture text -----

==> picture [234 x 100] intentionally omitted <==

----- Start of picture text -----

Uses of HPA
99.99% 4N
----- End of picture text -----

Technavio Research

==> picture [168 x 50] intentionally omitted <==

Technavio Research

• Global HPA demand 19,040tpa in 2014

• • Expected to increase to 48,230tpa by 2018

• Growing at a CAGR of 28%

QY Research

==> picture [197 x 105] intentionally omitted <==

----- Start of picture text -----

Demand
for HPA
----- End of picture text -----

• Global HPA demand 24,550tpa in 2014

• • Expected to grow to 36,000tpa in 2017

• • Growing at a CAGR of 16%

==> picture [168 x 50] intentionally omitted <==

HPA Demand & Growth Forecast

==> picture [426 x 245] intentionally omitted <==

----- Start of picture text -----

60.0 40%
35%
50.0 35% 48.2
33% 30%
39.9
40.0 28%
25%
32.4
23%
30.0 20%
25.3 21%
19.0 15%
20.0
14.1
10%
10.0
5%
0.0 0%
2013 2014 2015 2016 2017 2018
Volume ktpa Growth Rate %
----- End of picture text -----

==> picture [197 x 105] intentionally omitted <==

----- Start of picture text -----

Demand
for HPA
----- End of picture text -----

• Rapid growth rates • Estimated supply deficit

==> picture [168 x 50] intentionally omitted <==

==> picture [87 x 94] intentionally omitted <==

• Estimate 30g[1] of HPA in an iPhone sapphire glass screen

• Approx. 300 million iPhones sold from 2013-2014

==> picture [275 x 143] intentionally omitted <==

----- Start of picture text -----

HPA
demand:
smartphones
----- End of picture text -----

• 200 million iPhones estimated to sell in 2015

• 500 million smartphones sold per year

• If Apple implement sapphire glass technology o It would require about 6,000tpa of HPA

• o That’s two of our 3,000tpa plants

• There will be a HPA supply deficit

• AMMG is in the right space!

==> picture [98 x 102] intentionally omitted <==

1 AMMG Estimates

==> picture [168 x 50] intentionally omitted <==

• 70% of HPA demand is in Asia Pacific region (APEC)

• Region for the world’s manufacturing

• AMMG’s HPA plant (Australia) well-positioned to service in APEC region

• Transport, customer service, technical credibility Americas

Americas 14%

Europe, Middle East, Africa 16%

==> picture [206 x 157] intentionally omitted <==

----- Start of picture text -----

HPA
geographic
demand
----- End of picture text -----

Asia Pacific 70%

==> picture [720 x 540] intentionally omitted <==

----- Start of picture text -----

1 Alumina Alumina HPA Plant
Refinery Smelter
Bauxite Smelter Grade Alumina Aluminium Metal 99.99% HPA
>90%
Current HPA
Alumina
2 HPA Plant
Refinery
production
Bauxite 99.99% HPA
Aluminium Hydroxide
processes
3 AMMG HPA PLANT
Aluminous Clay 99.99% HPA
AMMG
Current use of expensive
high purity feedstock
----- End of picture text -----

==> picture [168 x 50] intentionally omitted <==

==> picture [73 x 79] intentionally omitted <==

• Processed and purified by mother nature

• Very low impurities due to weathering

• Iron levels are 0.7% vs 21% in bauxite

	Iron l	evels are 0.7% vs 21% in	evels are 0.7% vs 21% in	evels are 0.7% vs 21% in	bauxite
	Silica is non reactive – easily removed					Low-impurity
		Bauxite	Canadian	AMMG		aluminous clay
		Darling Range	HPA Project	HPA Project		feedstock
	Al2O3 (%)	34.5	22.77	30.5
	SiO2 (%)	21.5	53.29	56.3
	Fe2O3 (%)	21.2	8.36	0.7
	TiO2 (%)	2.00	0.98	0.7
	Typical Mean	Analysis

• Silica is non reactive – easily removed

==> picture [168 x 50] intentionally omitted <==

• Majors like Sumitomo, Sasol:

o Aluminum alkoxide from Al metal (1)

• Chinese producers:

o Choline – Dissolving Al foil in choline

==> picture [199 x 118] intentionally omitted <==

----- Start of picture text -----

Current HPA
producers
----- End of picture text -----

• Chinese producers:

• Aluminium Hydroxide (2) (from bauxitealumina process) with HCl

• All use relatively expensive feedstock

• • AMMG aluminous clay 5 times cheaper than Al metal (3)

Route	HPA Process Method	Feedstock Costs USD/tper 100% Al2O3
1	Aluminium Metal	$1,052 /t
2	Aluminum Hydroxide	$570 /t
3	AMMG Aluminous Clay	$220 /t

==> picture [317 x 208] intentionally omitted <==

==> picture [168 x 50] intentionally omitted <==

• Private freehold land

• Landowner agreement in place

• • No native title

==> picture [289 x 139] intentionally omitted <==

----- Start of picture text -----

Meckering
aluminous clay
deposit
----- End of picture text -----

• Low environmental impact

• • Previously mined for kaolin – trial pit

• • Low stripping ratio

• 65Mt JORC Resource

• • Approx. 130kms from capital city Perth (Kwinana industrial area)

==> picture [168 x 50] intentionally omitted <==

• HCl process employed is a conventional, proven and robust chemical process

• Can produce >99.99% HPA from aluminous clay

• • Simple recovery of acid and recycling

• HCl process was first developed in early 1980’s for SGA production

o Couldn’t compete with bauxite SGA costs

• Bauxite process can’t achieve >99.8% due to Na

• • Demand for HPA (99.99%) developed over last decade

==> picture [165 x 157] intentionally omitted <==

----- Start of picture text -----

AMMG’s
HPA
process
----- End of picture text -----

• Right place, right time!

==> picture [369 x 208] intentionally omitted <==

==> picture [168 x 50] intentionally omitted <==

• Laboratory test work simulates process

• • Final product achieves 99.99% (4N) HPA

• • Integrated Plant Study (IPS)

• • Larger optimisation pilot plant test work

• • Process works and is robust

==> picture [371 x 259] intentionally omitted <==

----- Start of picture text -----

so far
----- End of picture text -----

• IPS opex around A$8.6/kg

• • IPS capex for 700tpa (now 3,000tpa)

==> picture [687 x 489] intentionally omitted <==

----- Start of picture text -----

AMMG’s HPA Process
ROM Hopper Rolls Crusher
ROM OS Screen
Screen
<0.5mm
Campaign Mining Kaolin
Meeckering
Aluminous Clay
Deposit Dryer
Crusher
>0.5mm
Calcined Clay
Feed Storage
Hydrochloric Acid
Cooler
Calciner HCl Gas
Polishing
Filter
600 C thickener
Ball Milling
Screening
Stage 1 Crystalisation
Acid Leach Vessels
Limestone & Hydrated
Neutralised Lime
Silica Waste Filter
HCl gas
Back to Pit Neutralising Generator
Filter Tank
Clean
HCl
Microniser
HCl
Condenser HCl Gas water
Gas water
HCl
High Purity 1100 C 400 C
Alumina
99.99%
Cooler Calciner Roaster Polishing IX Stage 2 IX
Stage 3 Filter Crystalisation
Crystalisation
----- End of picture text -----

==> picture [176 x 52] intentionally omitted <==

• Target: to be a top 3 HPA producer in the world

• Launched BFS for 3,000tpa HPA

==> picture [207 x 157] intentionally omitted <==

----- Start of picture text -----

Bankable
Feasibility
Study (BFS)
----- End of picture text -----

o BFS completion: end Q3 2015

• In parallel, progress necessary approvals, funding, off- take agreements etc.

• Subject to funding:

• In position to order long lead capital items (plant equipment)

==> picture [160 x 202] intentionally omitted <==

• Then detailed design, site works, construction

• Continuous laboratory pilot plant work

==> picture [168 x 50] intentionally omitted <==

Highly experienced board:

• Fundraising

• Project building

• Industrial chemical processing

• Alcoa Alumina management

• Sherwin Alumina management

• High purity chemicals

==> picture [110 x 147] intentionally omitted <==

==> picture [112 x 147] intentionally omitted <==

Luke Atkins Chairman

==> picture [187 x 108] intentionally omitted <==

----- Start of picture text -----

Experienced
board
----- End of picture text -----

==> picture [111 x 147] intentionally omitted <==

Iggy Tan Managing Director

==> picture [112 x 138] intentionally omitted <==

Dan Tenardi Non Exec Director

Peter Bailey Non Exec Director

==> picture [176 x 52] intentionally omitted <==

• Strategy to focus on HPA – divest exploration projects

• • Name change and re-branding – Chemicals focus

• Bypass pilot plant

• Expand project to 3,000 tpa

• Launched Bankable Feasibility Study

• Focus on one deposit only – Meckering

• Technical review of previous process work

==> picture [215 x 151] intentionally omitted <==

----- Start of picture text -----

Company in
transition
----- End of picture text -----

==> picture [176 x 52] intentionally omitted <==

• Clarity of vision first

• • Deliver clear, simple value proposition

• • Educate & energise existing shareholders first

• • Sell the new focus and vision

• Regular communication of achievements

• • Direct mail communication – improved penetration rate

• Word of mouth will drive liquidity

• • Other retail investors, then funds on register

==> picture [187 x 191] intentionally omitted <==

----- Start of picture text -----

Investor
Relation
and PR
Strategy
----- End of picture text -----

==> picture [176 x 52] intentionally omitted <==

• South West Titanium Project

• Joint venture agreement signed with Midas Engineering Group (formerly METS)

• • Midas will conduct a series of engineering studies at the project for a potential 50% earn-in interest

• Scoping study first step

==> picture [187 x 191] intentionally omitted <==

----- Start of picture text -----

SW Titanium
Project JV
with Midas
----- End of picture text -----

==> picture [168 x 50] intentionally omitted <==

==> picture [208 x 265] intentionally omitted <==

Right Place Right Time Right Feedstock Right Technology

Thank you

==> picture [152 x 47] intentionally omitted <==

Forward-looking Statements

This announcement contains forward-looking statements which are identified by words such as ‘anticipates’, ‘forecasts’, ‘may’, ‘will’, ‘could’, ‘believes’, ‘estimates’, ‘targets’, ‘expects’, ‘plan’ or ‘intends’ and other similar words that involve risks and uncertainties. Indications of, and guidelines or outlook on, future earnings, distributions or financial position or performance and targets, estimates and assumptions in respect of production, prices, operating costs, results, capital expenditures, reserves and resources are also forward looking statements. These statements are based on an assessment of present economic and operating conditions, and on a number of assumptions and estimates regarding future events and actions that, while considered reasonable as at the date of this announcement and are expected to take place, are inherently subject to significant technical, business, economic, competitive, political and social uncertainties and contingencies. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of our Company, the Directors and management. We cannot and do not give any assurance that the results, performance or achievements expressed or implied by the forward-looking statements contained in this announcement will actually occur and readers are cautioned not to place undue reliance on these forward-looking statements. These forward looking statements are subject to various risk factors that could cause actual events or results to differ materially from the events or results estimated, expressed or anticipated in these statements.

Competent Person Statement

Technical information in this report is based on information compiled by B.Sc. Geology, AMMG Chief Geologist and a member of the Australasian Institute of Geoscientists. Mr O’Mara has sufficient exploration experience which is relevant to the styles of mineralisation and types of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (“JORC 2004”). Mr O’Mara consents to the inclusion in this release of the matters based on his information in the form and context in which it appears.