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GREEN360 TECHNOLOGIES LIMITED Investor Presentation 2021

Jun 14, 2021

65020_rns_2021-06-14_a0e63b72-b4fd-4e2b-bb36-3af632b96a69.pdf

Investor Presentation

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Level 10, 182 St Georges Terrace Perth, Western Australia 6000

15 June 2021

T: + 61 8 9389 4495 E: [email protected]

ASX: SUV

COMPANY PRESENTATION

ABN: 97 140 316 463

The following presentation is a general update on Suvo Strategic Minerals Limited (ASX: SUV) and is the subject of investor briefing sessions that will be conducted over the coming days. The presentation is not related to any transaction or event. It is an update of activities of the company.

This announcement has been approved for release by the board of directors.

Contacts:

Robert Martin Executive Chairman E: [email protected]

Company Profile:

Suvo Strategic Minerals Limited is an Australian hydrous kaolin producer and exploration company listed on the Australian Securities Exchange (ASX:SUV). Suvo is focused on production at, and redevelopment of, their 100% owned Pittong hydrous kaolin operation located 40km west of Ballarat in Victoria. Suvo’s exploration focus is on their 100% owned White Cloud Kaolin Project located adjacent to Gabbin in the Central Wheat Belt, and the 100% owned Nova Silica Sands Project located in the Gin Gin Scarp near Eneabba, both situated in Western Australia.

Pittong Operations

The 100% owned Pittong Operation, located in Victoria 40km west of Ballarat, is the sole wet kaolin mine and processing plant in Australia and has been in operation since 1972. Pittong comprises the Pittong, Trawalla and Lal Lal deposits located on approved Mining Licences MIN5408, MIN5365 and MIN5409 respectively.

At Pittong mining contractors deliver crude kaolin ore to stockpiles from the two currently operating mines, Pittong and Lal Lal. The plant takes its feedstock from the ROM and it is processed into four separate products for end users. These products are 10% moisture lump, high solids slurry, 1% moisture powder and 1% moisture pulverised powder. The solids slurry is used in paper and board manufacturing. The other products are used in paper, coatings, paint and specialist industries including rubber and pharmaceutical applications. Around 25kt per annum is supplied to various end users.

Current Reserves and Resources at Pittong are reported to PERC code standard and they are currently being upgraded to JORC 2012 compliance.

The White Cloud Project

The 100% owned White Cloud Project is located 215km northeast of Perth, Western Australia. The project area comprises three granted exploration licences (E70/5039, E70/5332, E70/5333) for 392km[2] , and one exploration licence application (E70/5517) for 21km[2] centred around the town and rail siding of Gabbin.

suvo.com.au

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The generally flat area is primarily cleared farming land devoid of native bushland and is currently used for broadacre cereal cropping. A mining access agreement is in place over the current resource area with the owner and occupier. The main rock types at White Cloud are primarily Archaean granite, gneiss, and migmatite, these rocks are overlain and obscured by Tertiary sand and Quaternary sheetwash. The weathering profile is very deep and contains thick kaolin horizons capped by mottled clays or laterite zones. The current JORC 2012 Mineral Resources are 72.5Mt (Indicated 26.9Mt, 45.6Mt Inferred) of bright white kaolinised granite with an ISO Brightness of 80.5%, <45μm yield of 41.2% results in 29.9Mt of contained kaolin.

Further details in respect to the JORC 2012 Mineral Resources and the exploration results underpinning it, are set out in the company’s announcement “Suvo increases White Cloud kaolin resource by 84% to 72.5Mt of bright white kaolinised granite (released on the ASX market announcement platform on 25 March 2021). Suvo confirms it is not aware of any new information or data that materially affects the exploration results set out in the announcement dated 25 March 2021 and all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed.

Nova Silica Sands Project

The 100% owned Nova Silica Sands Project is located 300km north of Perth, Western Australia. The project comprises three granted exploration licences (E70/5001, E70/5322, E70/5323) for 133km[2] , and one exploration licence application (E70/5324) for 36km[2] .

The project is located on the Eneabba Plain whose sandy cover is very flat to gently undulating. Outcrop is rare due to the accumulations of windblown and alluvial sand at surface. Below this is a thin hard silcrete or lateritic claypan which overlies deep white and yellow sands.

Preliminary exploration has included 54 drillholes for 1,620 metres to depths of up to 30m. This program is anticipated to deliver an initial resource for the project and a process route.

Competent Person Statement

The information in this announcement which relates to Exploration Results and Mineral Resources is based on information compiled by Dr Ian Wilson. Dr Ian Wilson has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a competent person as defined in the JORC Code, by virtue of his being a member of IOM3, a Recognised Professional Organisation. Dr Ian Wilson is a full-time employee of Ian Wilson Consultancy Ltd and also a NonExecutive Director of Suvo Strategic Minerals Limited. Dr Ian Wilson receives board fees in relation to his directorship. Dr Ian Wilson consents to the inclusion of the information in the release in the form and context in which it appears

suvo.com.au

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Company Presentation ASX:SUV | June 2021

Dual Strategic Mineral Explorer and Producer

Disclaimer

These presentation materials & the accompanying verbal presentation (together, the Presentation Materials) are confidential & have been prepared by Suvo Strategic Minerals. By receiving the Presentation Materials, you acknowledge & represent to the Company that you have read, understood & accepted the terms of this disclaimer. It is the responsibility of all recipients of these Presentation Materials to obtain all necessary approvals to receive these Presentation Materials & receipt of the Presentation Materials will be taken by the Company to constitute a representation & warranty that all relevant approvals have been obtained.

NOT AN OFFER

These Presentation Materials are for information purposes only. The Presentation Materials do not comprise a prospectus, product disclosure statement or other offering document under Australian law (& will not be lodged with the Australian Securities & Investments Commission) or any other law.

The Presentation Materials also do not constitute or form part of any invitation, offer for sale or subscription or any solicitation for any offer to buy or subscribe for any securities nor shall they or any part of them form the basis of or be relied upon in connection there with or act as any inducement to enter into any contract or commitment with respect to securities. In particular, these Presentation Materials do not constitute an offer to sell or a solicitation to buy securities in the United States of America.

NOT INVESTMENT ADVICE

The Presentation Materials are not investment or financial product advice (nor tax accounting or legal advice) & are not intended to be used for the basis of making an investment decision. Recipients should obtain their own advice before making any investment decision.

SUMMARY INFORMATION

The Presentation Materials do not purity to be all inclusive or to contain all information about the Company or any of the assets, current or future of the Company. The Presentation Materials contain summary information about the Company & its activities which is current as at the date the Presentation Materials. The information in the Presentation Materials is of a general nature & does not purport to contain all information which a prospective investor may require in evaluating a possible investment in the Company or that would be required in a prospectus or product disclosure statement or other offering document prepared in accordance with the requirements of Australian law or the laws of any other jurisdiction, including the United States of America. The Company does not undertake to provide any additional or updated information as a result of new information, future events to results otherwise. Certain statements contained in the Presentation Materials, including information as to the future financial or operating performance of the company & its projects are forward looking statements. Such forward looking statements;

  • a) are necessarily based upon a number of estimated assumptions that, while considered reasonable by the Company, are inherently subject to significant technical, business, economic, competitive, political & social uncertainties & contingencies:

  • b) involve known & unknown risks & uncertainties that could cause actual events or results to differ materially from estimated or anticipated events or results reflected in such forward looking statements; &

  • c) may include, among other things, statements regarding estimates & assumptions in respect of prices, costs, results & capital expenditure, & are or may be based on assumptions & estimates related to future technical, economic, market, political, social & other conditions.

The Company disclaims any intent or obligation to publicly update any forward looking statements, whether as a result of new information, future events or results or otherwise.

The words “believe”, “expect”, “anticipate”, ”indicate”, ”contemplate”, “target”, “plan”, “intends”, “continue”, “budget”, “estimate”, “may”, “will”, “schedule”, & similar expressions identify forward looking statements.

All forward looking statements contained in the Presentation Materials are qualified by the foregoing cautionary statements. Recipients are cautioned that forward looking statements are not guarantees of future performance & accordingly recipients are cautioned not to put undue reliance on forward looking statements due to the inherent uncertainty therein.

The Company has prepared the Presentation Materials based on information available to it at the time of preparation. No representation or warranty, express or implied, is made as to the fairness, accuracy or completeness of the information, opinions & conclusions contained in the Presentation Materials. To the maximum extent permitted by law, the Company, its related bodies corporate (as that term id defined in the Corporations Act 2001 (Commonwealth of Australia )) & the officers, directors, employees, advisers & agents of those entities do not accept any responsibility or liability including, without limitation, any liability arising from fault or negligence on the part of any person, for any loss arising from the use of the Presentation Materials or content otherwise arising in connection with it.

COMPETENT PERSON

Information relating to the indicated resource at the White Cloud Kaolin Project was first released on 25 March 2021 and information relating to the scoping study was first released on 27 May 2021. The Company confirms that it is not aware of any new information or data that materially affects the announcement and that the material assumptions underpinning the production target and the forecast financial information derived from the production target continue to apply and have not materially changed. Information relating to exploration results at the White Knight Silica Sands project was first released on 20 May 2021. The Company confirms that it is not aware of any new material information or data that materially affects the announcement .

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Corporate Summary

Corporate Summary Corporate Summary
Key Information(as at 02/6/2021)
Share price A$0.195
Volume (4w avg) 1,189,969
Market Cap A$114M
Shares on Issue 585,508,922
Options on Issue 119,533,569
Performance Rights 40,500,000
Sector Industrial minerals
Similar Companies ADN / VRX / FYI / WAK

Directors & Management

Rob Martin Executive Chairman
Aaron Banks Executive Director
Len Troncone Executive Director / CFO
Ian Wilson Non-Executive Director

The Top 20 Shareholders of SUV hold 45% of shares including the Board of Directors who hold 15%

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15%
55%
30%
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Board of Directors Other

Top 20 excl. BOD

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SUV Share Price
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A producer with significant exploration upside

very large operations

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Specialised Team With a History of Delivering Results

The Board

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ROB MARTIN | Executive Chairman

AARON BANKS | Executive Director

Mr Martin has over 20 yrs experience across the mining services, supply chain & capital markets sectors. He has owned & operated a highly successful mining services company which became a leading provider of products & services to the mining industry & operated globally with offices across Australia & internationally. Mr Martin runs a family office in WA with a focus on investing & supporting emerging private & public businesses, & currently holds the position of non-executive director at PARKD & is the Non-Executive Chairman of Critical Resources Limited.

In 2015 as founder & MD of Australian Silica Pty Ltd, Mr Banks discovered one of the largest high grade silica sand resources in the world. Whilst on the Board of Australian Silica he successfully negotiated the sale of Muchea Silica Sand Project to Ventnor Resources Limited that pivoted the former base metals explorer to the emerging silica sand producers known today as VRX Silica (ASX:VRX) In 2020 he vended his private companies into what is Suvo Strategic Minerals today. Aaron has an extensive background in industrial minerals and has focused on developing emerging assets globally

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LEN TRONCONE | Executive Director / CFO

IAN WILSON | Non-Executive Director

Dr. Wilson is an economic geologist with +45 yrs international experience in industrial minerals. Has held key technical & mgmt roles in a major publicly listed mining & construction enterprise, was a Senior Scientific Officer in what is now the British Geological Survey & an independent consultant since 2001. Experience spans exploration & resource estimation to project development & production, incl. global & regional marketing for a wide variety of industrial minerals, inc. kaolin, halloysite, calcium carbonate, talc, bentonite, barytes, magnesite, & more.

Mr Leonard Troncone is a senior finance executive with over 35 yrs’ hands-on experience in the Australian corporate environment, with experience gained in a range of industries including mining, mineral exploration, mine development & oil & gas, diversified engineering, manufacturing & construction, financial services & private investment. Mr Leonard Troncone holds a Bachelor of Business from Curtin University of Technology (formerly the Western Australian Institute of Technology).

Key Personnel

EILEEN HAO

JEREMY WHYBROW

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Achievements Since Listing in August 2020

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Opportunity in 100% Owned Projects

Dual Commodity

KAOLIN

    • • Kaolin & Silica – In Demand Speciality Minerals
  • Asia Pacific is the largest market

SILICA

  • Low cost mining methods

  • Looming supply deficits

  • Low volatility markets

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Pittong Upgrade

  • Settled transaction in December

  • Completed first full quarter of operations

  • • March quarter achieved $723,000 EBITDA

  • • Expansion review to increase production capacity underway

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White Cloud Kaolin Project

  • Indicated Resource of 26.9Mt[1]

  • Scoping study complete IRR 113% and NPV[2] of $705m (pre-tax)

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Nova Silica Project

  • Working towards Maiden JORC Resource imminent

  • • Potential high value end user markets

  • 1 As announced on 25 March 2021, the Company confirms that it is not aware of any new information or data that materially affects the announcement and that the material assumptions underpinning the indicated resource

  • continue to apply and have not materially changed.

2 As announced on 27 May 2021, the Company confirms that it is not aware of any new information or data that materially affects the announcement and that the material assumptions underpinning the production target and the forecast financial information derived from the production target continue to apply and have not materially changed

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KAOLIN PITTONG OPERATIONS

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What is Kaolin

Global Market Value US$3.1 billion

  • An industrial mineral used primarily as an inert filler often combined with other raw materials used in variety of applications

  • White, soft, plastic clay mainly composed of finegrained plate-like particles

  • The naturally occurring low impurities at Pittong are critically important for supply into the high value premium markets including pharmaceuticals >$3000/t

  • Kaolin applications:

  • Ceramics • Pharmaceuticals

  • • Fibreglass • Cosmetics • Paper industry • Bricks, pavers, rooftiles • Paint • Polishes • Rubber • Insecticides • Plastics • Fertilisers

Wet Processing

Superior processing method, creating premium products, attracting premium prices

  • High technical barriers to entry due to required experience and knowledge

  • Pittong is the only wet processing kaolin plant Australia

  • Australia's only experienced personnel in operational kaolin mining and wet processing

  • Not all kaolin deposits are equal

  • Wet processing allows Suvo to sell into the largest and most lucrative segments of the kaolin markets

  • Ready to capitalise on emerging high-end technologies

Product Achieved Prices(A$/t)
Dry 150 - 300
Wet 400 - 3000

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Pittong.. The One & Only

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CURRENTLY

EXPANDING

  • FY ‘20 $2.1M EBITDA

  • Only hydrous operating Kaolin mine in Australia

  • Experienced management & long term personnel

  • Drilling commenced to further increase JORC at Pittong

  • Review of planned expansion underway with completed assessment due CYQ3

  • +20 years Life of Mine

  • More than 40 years of established customers in Australia and Globally including Imerys

  • One of the only ore bodies in the world suitable for high value pharmaceutical grade >$3000/t

  • Current plant production 24,000t of refined kaolin

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KAOLIN PROJECT

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Working Towards a Decision to Mine…

  • Total resource of 72.5Mt bright white kaolinised granite (26.9Mt Indicated)

  • Yielding 29.9Mt of <45µm kaolin

  • Granted access agreements

  • Logistics solution - mine to port via rail

  • Multi-generational mine life

  • Scoping Study completed proving robust project economics (only on 5% of total tenement)

  • Non Binding Offtake signed for 10,000tpa at A$850 per tonne

  • MoU with Lixil – Largest sanitary ware Producer with an annual turnover > AU$20B

  • Potential HPA feedstock due to high Al2O3

  • Intended Updated mining feasibility end of CYQ4

  • Intended Decision to mine end of CYQ4

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Scoping Study

White Cloud Kaolin Project, May 2021

Study Baselines

  • 25 years LOM on current Indicated Resources of 26.9Mt of bright white kaolinised granite <50% of the resource total

  • Hydrous processing plant with initial processing capacity of 500,000tpa producing 200,000tpa of refined kaolin products

  • Estimated capital costs including pre-production costs of A$68M

  • All in Sustaining Cost² (AISC) of A$256/t with an anticipated selling price of A$720/t (ex-works)

LOM revenue A$3.6B
LOM EBITDA A$2.3B
Cashflows (pre-tax) for
LOM
A$2.22B
NPV (8% discount rate)
(pre-tax)
A$705M
IRR (pre-tax) 113%
Initial payback from
commencement of
production
<12 months

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Ongoing Preparation for High-End Applications

HPA $25,000 - $50,000 / t

ZEOLITE $1,000 - $10,000 / t

MOLECULAR SIEVES $500 - $5,000 / t

CATALYST $600 - $1,500 / t

Executive Chairman Rob Martin

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NOVA SILICA SAND PROJECT

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What is Silica Sand?

Nova Silica Sand Project

The foundation of modern cities

  • Potential multi commodity large scale project

  • Silica sand is the most-used commodity on the planet after air & water

  • It is the main ingredient in all types of glassmaking, including specialty solar panel & high-tech glass

  • Silica sand is also the main ingredient in concrete

  • Around 47% of the world’s glass is made in Asia, & the glass manufacturing industry is increasing at a rate of 5-6% per year – or about 8-10Mt

  • Illegal sand mining activities have led to countries banning sand mining driving up the price

  • The Asia-Pacific region is currently experiencing a supply shortfall driving the price up and significantly improving project economics

  • Initial 22 composite production samples from Nagrom produced silica product to 99.61% SiO2, with an average of 98.78% SiO2

  • Initial test work demonstrates potential for high value silica flour and AFS 60 foundry sand used in manufacturing electric vehicle components

  • Working towards Maiden JORC Resource

Application Prices(US$/t)
Glassmaking 35 - 53
Foundry 38 - 53
Flour 90 - 150
AFS 60 45 – 70

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Multi Commodity Deposit

  • Initial sighter test work completed

  • Preliminary Metallurgical test work identified potential high value end user market Silica Flour with value of US$90/t - $150/t

150km to port

  • Logistic solution from mine to port via rail

  • Neighbouring Iluka Resources’ (ASX: ILU) Eneabba operation

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ESG SuvoTaking Sand Responsibility Seriously

As the most consumed substance in the world after water and air - Suvo takes its responsibility in mining, processing & exporting the valuable commodity, very seriously.

“It’s the ingredient that makes our cities our science & our lives possible. & incredibly, we’re running out”,

Vince Beiser, author of “The World in a Grain”.

Sand wars & their enormous environmental, economic & social impacts are dire & something that Suvo, with its premium, regulated, land-based mine will avoid.

ESG conscious practices in place:

  • Modern, regulated mining methods – minimal mining footprint with no chemicals

  • Committed to the ethical sourcing and mining of sand and is against the mining of sand that originates in or around river or water systems

“Climate scientists say it constitutes one of the greatest sustainability challenges of the 21st century“,

Sam Meredith, CNBC

  • Regenerative route - Suvo intends to employ environmentally friendly mining methods that rehabilitates as the mine progresses.

  • Operating in a first world jurisdiction with significant regulation around mining operations

  • Creating employment opportunities for local communities

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Project Timelines

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CY 2021 CY 2022 CY 2023 CY 2024
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Operating cash flow positive and
growing
Expansion review completed
Approval applications submitted
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Target date for expansion
completed
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Construction commences for
expanded production
Binding offtakes
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WHITE KNIGHT PITTONG OPERATIONS

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Scoping Study completed
Further MoU’s & partnerships
Decision to Mine
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Approvals
BFS
Additional binding offtakes
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Construction
Production commences
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WHITE CLOUD KAOLIN PROJECT

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Production
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Approvals
Financing
Commence Construction
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Maiden JORC Resource
MoU’s
Environmental Studies
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Upgrade JORC Resource
Scoping Studies
Offtakes
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NOVA SILICA SAND PROJECT

The above timelines are indicative only and are subject to change

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Investment Highlights

A future major producer of strategic minerals in the APAC region

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ASX: SUV

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The DNA of a Modern World

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