AI assistant
NEOMETALS LTD — Investor Presentation 2019
Feb 20, 2019
65430_rns_2019-02-20_b46aedeb-9e30-4864-a1ac-06fcf95a96ea.pdf
Investor Presentation
Open in viewerOpens in your device viewer
==> picture [794 x 67] intentionally omitted <==
==> picture [794 x 67] intentionally omitted <==
==> picture [417 x 157] intentionally omitted <==
==> picture [794 x 67] intentionally omitted <==
----- Start of picture text -----
All the right elements®
----- End of picture text -----
==> picture [794 x 67] intentionally omitted <==
==> picture [794 x 67] intentionally omitted <==
----- Start of picture text -----
21 [st] February 2019
ASX Code: NMT OTC/Nasdaq Intl: RDRUY
----- End of picture text -----
1
==> picture [794 x 42] intentionally omitted <==
==> picture [794 x 43] intentionally omitted <==
----- Start of picture text -----
Disclaimer
----- End of picture text -----
==> picture [794 x 42] intentionally omitted <==
Summary information: This document has been prepared by Neometals Ltd (“Neometals” or “the Company”) to provide summary information about the Company and its associated entities and their activities current as at the date of this document. The information contained in this document is of general background and does not purport to be complete. It should be read in conjunction with Neometals’ other periodic and continuous disclosure announcements lodged with the Australian Securities Exchange, which are available at www.asx.com.au.
Forward-looking information: This document contains ~~, o~~ pinions, projections, forecasts and other statements which are inherently subject to significant uncertainties and contingencies. Many known and unknown factors could cause actual events or results to differ materially from the estimated or anticipated events or results included in this document. Recipients of this document are cautioned that forward-looking statements are not guarantees of future performance.
Any opinions, projections, forecasts and other forward-looking statements contained in this document do not constitute any commitments, representations or warranties by Neometals and its associated entities, directors, agents and employees, including any undertaking to update any such information. Except as required by law, and only to the extent so required, directors, agents and employees of Neometals shall in no way be liable to any person or body for any loss, claim, demand, damages, costs or expenses of whatever nature arising in any way out of, or in connection with, the information contained in this document.
Financial data: All figures in this document are in Australian dollars (AUD) unless stated otherwise.
Not financial product advice: This document is for information purposes only and is not financial product or investment advice, nor a recommendation to acquire securities in Neometals. It has been prepared without taking into account the objectives, financial situation or needs of individuals. Before making any investment decision, prospective investors should consider the appropriateness of the information having regard to their own objectives, financial situation and needs and seek legal and taxation advice appropriate to their jurisdiction.
Investment risk: An investment in securities in Neometals is subject to investment and other known and unknown risks, some of which are beyond the control of Neometals. The Company does not guarantee any particular rate of return or the performance of Neometals. Investors should have regard to the risk factors outlined in this document.
Competent Persons Statement:
The information in this document that relates to “Mt Edwards Nickel- Mineral Resource Estimate”, “Barrambie Project - Mineral Resource Estimate”, “Barrambie Pre Feasibility Study Results”, “Mt Marion Mineral Resource Update and “Lithium Battery Recycling – Scoping Study Results” are extracted from ASX Releases set out below. The Company confirms that it is not aware of any new information or data that materially affects the information included in the ASX Releases set out below, and in the case of estimates of mineral resources, that all material assumptions and technical parameters underpinning the estimates in those ASX Releases continue to apply and have not materially changed.
| 5/5/2009 | Barrambie Vanadium Project – DFS Completion and Outcomes |
19/4/2018 | Mt Edwards Nickel–Mineral Resource Estimate |
|---|---|---|---|
| 22/02/2017 | Lithium Battery Recycling–Scoping Study Results | 25/6/2018 | Mt Edwards–Mineral Resource Over 120,000 Nickel Tonnes` |
| 17/4/2018 | Barrambie Project–Mineral Resource Estimate | 16/11/2018 | Neometals Commences Update of Barrambie DFS |
The Company confirms that all the material assumptions underpinning the production target and the forecast financial information derived from the production targets in the “Barrambie Vanadium Project - DFS Completion and Outcomes” released on 5 May 2009, the “Metals Commences Update of Barrambie DFS” released on 16 November 2018 and the “Lithium Battery Recycling – Scoping Stud Results ” released on 22 February 2017 continue to apply and have not materially changed.
==> picture [124 x 33] intentionally omitted <==
==> picture [118 x 32] intentionally omitted <==
2
==> picture [794 x 42] intentionally omitted <==
==> picture [794 x 43] intentionally omitted <==
----- Start of picture text -----
Neometals is different
----- End of picture text -----
==> picture [794 x 42] intentionally omitted <==
Project developer of strategic materials for the 21[st] Century
-
Start with globally relevant commodity before its popular
-
Acquire most advanced project with grade/scale
-
Add value with drillbit, test work, evaluation studies
-
Develop with partners to achieve optimum scale, minimise capital outlay and accelerate returns
-
Built and exited major project in this risk averse manner
-
We return $ to shareholders, $34M to date
-
Have strong balance sheet and developing a track record
-
We invest in innovation and target higher margins from downstream processing of mineral concentrates
==> picture [124 x 33] intentionally omitted <==
==> picture [118 x 32] intentionally omitted <==
3
==> picture [794 x 42] intentionally omitted <==
==> picture [794 x 43] intentionally omitted <==
----- Start of picture text -----
Executive Summary
----- End of picture text -----
==> picture [794 x 42] intentionally omitted <==
-
Listed (ASX:NMT) project developer
-
Established in 2003, team of 20 with headquarters in Perth and industrial facility/research laboratory in Montreal
-
• Post-sale pro-forma cash of +A$130M plus ~A$6M in investments* vs. current market cap of A$114M
-
Balance sheet to develop the following core, wholly-owned projects, currently in the final stages of evaluation:
-
Barrambie Vanadium and Titanium Project (WA); 2. Lithium-Ion Battery Recycling Project; and
-
Kalgoorlie Lithium Refinery Project (WA).
-
Projects supported by innovation to drive cost efficiencies and increase margins
==> picture [124 x 33] intentionally omitted <==
==> picture [118 x 32] intentionally omitted <==
4
==> picture [794 x 42] intentionally omitted <==
==> picture [794 x 43] intentionally omitted <==
----- Start of picture text -----
Who are Neometals?
----- End of picture text -----
==> picture [794 x 42] intentionally omitted <==
==> picture [96 x 87] intentionally omitted <==
==> picture [84 x 83] intentionally omitted <==
==> picture [235 x 88] intentionally omitted <==
==> picture [82 x 81] intentionally omitted <==
==> picture [99 x 87] intentionally omitted <==
NE Board Members
Management Team
==> picture [83 x 81] intentionally omitted <==
==> picture [89 x 90] intentionally omitted <==
==> picture [215 x 189] intentionally omitted <==
==> picture [83 x 80] intentionally omitted <==
==> picture [89 x 88] intentionally omitted <==
==> picture [85 x 85] intentionally omitted <==
==> picture [109 x 88] intentionally omitted <==
Please refer to supporting information slides at rear of document for name and position..
==> picture [124 x 33] intentionally omitted <==
+ Ti/V =
==> picture [33 x 30] intentionally omitted <==
5
==> picture [794 x 42] intentionally omitted <==
==> picture [794 x 43] intentionally omitted <==
----- Start of picture text -----
Strong Balance Sheet and getting stronger
----- End of picture text -----
==> picture [794 x 42] intentionally omitted <==
| ASX: NMT OTC:RDRUY | ASX: NMT OTC:RDRUY | ||
|---|---|---|---|
| Shares on Issue1 | m | 543.9 | |
| Share Price (19-Feb-2019) | A$ | 0.21 | |
| Market capitalisation | A$m | 114.0 | |
| Cash (31-Dec-18)* | A$m | 30.1 | |
| Debt (31-Dec-18) | A$m | - | |
| Investments (31-Dec-18)2 | A$m | 9.2 |
- Post settlement +A$130M
| Major Shareholders (7-Jan-2019) | Major Shareholders (7-Jan-2019) |
|---|---|
| David Reed (Non-Executive Director) | 9.0 % |
| Westoz Funds Management | 2.9% |
| Top 20 | 37.2 % |
| No of Shareholders | ~8,000 |
==> picture [409 x 158] intentionally omitted <==
==> picture [409 x 158] intentionally omitted <==
Note 1: Excludes 7.0m performance rights. Note 2: Loan receivables and investments Source: Neometals
==> picture [124 x 33] intentionally omitted <==
==> picture [49 x 29] intentionally omitted <==
----- Start of picture text -----
+ Ti/V =
----- End of picture text -----
==> picture [33 x 30] intentionally omitted <==
6
Lithium
==> picture [73 x 72] intentionally omitted <==
==> picture [700 x 37] intentionally omitted <==
==> picture [700 x 37] intentionally omitted <==
==> picture [700 x 37] intentionally omitted <==
==> picture [700 x 37] intentionally omitted <==
==> picture [700 x 37] intentionally omitted <==
==> picture [700 x 37] intentionally omitted <==
==> picture [700 x 37] intentionally omitted <==
==> picture [700 x 37] intentionally omitted <==
==> picture [700 x 37] intentionally omitted <==
==> picture [700 x 37] intentionally omitted <==
==> picture [124 x 32] intentionally omitted <==
+ Ti/V =
==> picture [33 x 30] intentionally omitted <==
7
==> picture [794 x 42] intentionally omitted <==
==> picture [794 x 43] intentionally omitted <==
----- Start of picture text -----
Mt Marion Equity Divestment
----- End of picture text -----
==> picture [794 x 42] intentionally omitted <==
Highlights:
-
NMT to sell its Mt Marion equity to Ganfeng and Mineral Resources for A$103.8M
-
Subject to Ganfeng obtaining Chinese approval by 28 February, FIRB
-
‘Life of Mine’ spodumene concentrate annual offtake option for 57ktpa of 6% Li2O at prices linked to international and Chinese lithium chemical prices.
-
Retain option to produce higher value lithium chemicals from proven feed supply
Context:
-
Total Mt Marion equity sale proceeds since 2015 will be ~A$198M on A$3M NMT initial investment. ~A$34M returned via dividends and share buybacks
-
Shift exposure from upstream spodumene production to pursue the lithium battery thematic further down the value/supply chain
-
Stronger balance sheet with offtake volume certainty aids NMT project finance and offtake/partner selection processes for all growth projects
==> picture [124 x 33] intentionally omitted <==
==> picture [49 x 29] intentionally omitted <==
----- Start of picture text -----
+ Ti/V =
----- End of picture text -----
==> picture [33 x 30] intentionally omitted <==
8
==> picture [794 x 42] intentionally omitted <==
==> picture [794 x 43] intentionally omitted <==
==> picture [794 x 42] intentionally omitted <==
==> picture [577 x 35] intentionally omitted <==
==> picture [577 x 35] intentionally omitted <==
==> picture [577 x 34] intentionally omitted <==
==> picture [577 x 35] intentionally omitted <==
==> picture [577 x 34] intentionally omitted <==
==> picture [577 x 35] intentionally omitted <==
==> picture [577 x 35] intentionally omitted <==
==> picture [577 x 34] intentionally omitted <==
==> picture [577 x 35] intentionally omitted <==
==> picture [577 x 34] intentionally omitted <==
==> picture [577 x 34] intentionally omitted <==
==> picture [124 x 33] intentionally omitted <==
+ Ti/V =
==> picture [33 x 30] intentionally omitted <==
9
==> picture [794 x 42] intentionally omitted <==
==> picture [794 x 43] intentionally omitted <==
----- Start of picture text -----
Kalgoorlie Lithium Refinery (KLR)
----- End of picture text -----
==> picture [794 x 42] intentionally omitted <==
Neometals is progressing technical and commercial feasibility of a lithium chemicals refinery in Kalgoorlie, with an initial production capacity of 10ktpa of LiOH.
-
Develop a conventional conversion plant to produce battery quality LiOH monohydrate from spodumene concentrate
-
Baseload feed is Neometals’ annual offtake option from Mt Marion
-
Successful pilot scale test work produces 99.99% pure battery-quality LiOH at high recovery rates from run-of-mine Mt Marion concentrates
-
Secured multi-year option with local government to lease 100 acre freehold site in new industrial estate and assistance with reagent supplies
-
M+W Group have materially completed a FEED Study with results to be report March 2019.
==> picture [398 x 113] intentionally omitted <==
==> picture [398 x 113] intentionally omitted <==
- Continuing external approvals processes
==> picture [124 x 33] intentionally omitted <==
==> picture [33 x 30] intentionally omitted <==
+ Ti/V =
10
==> picture [794 x 42] intentionally omitted <==
==> picture [794 x 43] intentionally omitted <==
==> picture [794 x 42] intentionally omitted <==
==> picture [566 x 38] intentionally omitted <==
==> picture [566 x 39] intentionally omitted <==
==> picture [566 x 38] intentionally omitted <==
==> picture [566 x 38] intentionally omitted <==
==> picture [202 x 101] intentionally omitted <==
----- Start of picture text -----
Significant supply
deficit expected to
Emerge mid 20’s
----- End of picture text -----
==> picture [566 x 39] intentionally omitted <==
==> picture [566 x 38] intentionally omitted <==
==> picture [566 x 38] intentionally omitted <==
==> picture [566 x 39] intentionally omitted <==
==> picture [566 x 38] intentionally omitted <==
==> picture [124 x 33] intentionally omitted <==
==> picture [49 x 29] intentionally omitted <==
----- Start of picture text -----
+ Ti/V =
----- End of picture text -----
==> picture [33 x 30] intentionally omitted <==
11
==> picture [794 x 42] intentionally omitted <==
----- Start of picture text -----
We have strong conviction in the long term
----- End of picture text -----
==> picture [794 x 43] intentionally omitted <==
----- Start of picture text -----
lithium battery/EV/ESS thematic….
----- End of picture text -----
==> picture [794 x 42] intentionally omitted <==
----- Start of picture text -----
and that they wear out!
----- End of picture text -----
==> picture [380 x 27] intentionally omitted <==
==> picture [408 x 39] intentionally omitted <==
==> picture [380 x 27] intentionally omitted <==
==> picture [408 x 38] intentionally omitted <==
==> picture [380 x 28] intentionally omitted <==
==> picture [408 x 38] intentionally omitted <==
==> picture [380 x 27] intentionally omitted <==
==> picture [380 x 27] intentionally omitted <==
==> picture [408 x 38] intentionally omitted <==
==> picture [380 x 27] intentionally omitted <==
==> picture [408 x 39] intentionally omitted <==
==> picture [380 x 27] intentionally omitted <==
==> picture [380 x 27] intentionally omitted <==
==> picture [408 x 38] intentionally omitted <==
==> picture [380 x 27] intentionally omitted <==
==> picture [409 x 38] intentionally omitted <==
==> picture [380 x 27] intentionally omitted <==
==> picture [124 x 33] intentionally omitted <==
+ Ti/V =
==> picture [33 x 30] intentionally omitted <==
12
==> picture [794 x 42] intentionally omitted <==
==> picture [794 x 43] intentionally omitted <==
==> picture [794 x 42] intentionally omitted <==
Neometals is developing a sustainable technology to economically recover critical metals from spent lithium ion batteries.
-
Regulation driving ethical sourcing and disposal of lithium ion batteries
-
<5% batteries truly recycled globally (ex China)
-
2017 Scoping Study showed potential for viable process to recover cobalt from phone/laptop (LCO) batteries at
<US$5/lb Cobalt
-
Process flowsheet now designed to recover multiple critical metals from LCO and NMC
-
Operating modular Pilot Plant (100kg/pd) at SGS Canada for completion mid CY19 ahead of FEED Study on 50tpd plant to follow
-
Flexible business model – recycling as service, JV, licensing.
==> picture [402 x 151] intentionally omitted <==
==> picture [402 x 152] intentionally omitted <==
==> picture [124 x 33] intentionally omitted <==
==> picture [33 x 30] intentionally omitted <==
+ Ti/V =
13
==> picture [794 x 42] intentionally omitted <==
==> picture [794 x 43] intentionally omitted <==
==> picture [794 x 42] intentionally omitted <==
Accelerated development of universal EV battery recycling flowsheet to meet market demand as NCA/NCM volumes accelerate, new flowsheet retains flexibility to also process LCO from consumer electronics, no LFP.
==> picture [499 x 34] intentionally omitted <==
==> picture [499 x 35] intentionally omitted <==
==> picture [373 x 212] intentionally omitted <==
==> picture [124 x 33] intentionally omitted <==
==> picture [49 x 29] intentionally omitted <==
----- Start of picture text -----
+ Ti/V =
----- End of picture text -----
==> picture [33 x 30] intentionally omitted <==
14
==> picture [794 x 42] intentionally omitted <==
==> picture [794 x 43] intentionally omitted <==
==> picture [794 x 42] intentionally omitted <==
==> picture [692 x 131] intentionally omitted <==
==> picture [692 x 131] intentionally omitted <==
==> picture [692 x 131] intentionally omitted <==
==> picture [124 x 33] intentionally omitted <==
==> picture [431 x 29] intentionally omitted <==
----- Start of picture text -----
https://youtu.be/PJSMV3enSqg + Ti/V =
----- End of picture text -----
==> picture [33 x 30] intentionally omitted <==
15
==> picture [794 x 42] intentionally omitted <==
==> picture [794 x 43] intentionally omitted <==
----- Start of picture text -----
Indicative Project Timeline
----- End of picture text -----
==> picture [794 x 42] intentionally omitted <==
Running Partner/Site Selection Processes in parallel with test work and engineering programs
- (*) Subject to Board Approval
==> picture [124 x 33] intentionally omitted <==
==> picture [49 x 29] intentionally omitted <==
----- Start of picture text -----
+ Ti/V =
----- End of picture text -----
==> picture [33 x 30] intentionally omitted <==
16
Ti/V
Vanadium and Titanium
==> picture [124 x 32] intentionally omitted <==
+ Ti/V =
==> picture [33 x 30] intentionally omitted <==
17
==> picture [794 x 42] intentionally omitted <==
==> picture [794 x 43] intentionally omitted <==
----- Start of picture text -----
Barrambie VTM Project Ti/V
----- End of picture text -----
==> picture [794 x 42] intentionally omitted <==
One of the highest grade hard-rock Titanium assets & one of the largest Vanadium projects globally
-
100% Owned
-
Located 80km north-west of Sandstone, WA
-
A$30M spent to date, +1,000 RC/Diamond holes drilled for ~55,000m
-
Materially completed updating of 2009 DFS on standalone vanadium operation to become JORC2012 Compliant
-
Awaiting extension of term for Environmental Approvals to develop vanadium operation
Most advanced vanadium project globally
==> picture [341 x 64] intentionally omitted <==
==> picture [341 x 65] intentionally omitted <==
==> picture [341 x 65] intentionally omitted <==
==> picture [341 x 64] intentionally omitted <==
==> picture [341 x 65] intentionally omitted <==
==> picture [124 x 33] intentionally omitted <==
+ Ti/V =
==> picture [33 x 30] intentionally omitted <==
18
==> picture [794 x 42] intentionally omitted <==
==> picture [794 x 43] intentionally omitted <==
----- Start of picture text -----
Barrambie Flythrough Video Ti/V
----- End of picture text -----
==> picture [794 x 42] intentionally omitted <==
==> picture [794 x 137] intentionally omitted <==
==> picture [794 x 138] intentionally omitted <==
==> picture [794 x 138] intentionally omitted <==
==> picture [124 x 33] intentionally omitted <==
https://youtu.be/w-ndAfGSBeM
+ Ti/V =
==> picture [33 x 30] intentionally omitted <==
19
==> picture [794 x 42] intentionally omitted <==
==> picture [794 x 43] intentionally omitted <==
----- Start of picture text -----
Globally Significant Resource Ti/V
----- End of picture text -----
==> picture [794 x 42] intentionally omitted <==
==> picture [612 x 31] intentionally omitted <==
==> picture [612 x 31] intentionally omitted <==
==> picture [115 x 327] intentionally omitted <==
==> picture [124 x 33] intentionally omitted <==
Refer to further information on this comparison data in slide 35 and the Announcement titled “Neometals Commences Update of Barrambie DFS” dated 16 November 2018 and available at https://www.neometals.com.au/reports/848-20181116BarrambieProjectCommencesUpdateofDFS.pdf
+ Ti/V =
==> picture [33 x 30] intentionally omitted <==
20
==> picture [794 x 42] intentionally omitted <==
==> picture [794 x 43] intentionally omitted <==
----- Start of picture text -----
Exploration upside Ti/V
----- End of picture text -----
==> picture [794 x 42] intentionally omitted <==
==> picture [484 x 30] intentionally omitted <==
==> picture [484 x 31] intentionally omitted <==
==> picture [484 x 31] intentionally omitted <==
==> picture [484 x 31] intentionally omitted <==
==> picture [484 x 31] intentionally omitted <==
==> picture [484 x 31] intentionally omitted <==
==> picture [484 x 31] intentionally omitted <==
==> picture [284 x 198] intentionally omitted <==
==> picture [484 x 31] intentionally omitted <==
==> picture [484 x 30] intentionally omitted <==
==> picture [484 x 30] intentionally omitted <==
==> picture [124 x 33] intentionally omitted <==
+ Ti/V =
==> picture [33 x 30] intentionally omitted <==
21
==> picture [794 x 42] intentionally omitted <==
==> picture [794 x 43] intentionally omitted <==
----- Start of picture text -----
2009 DFS Results Ti/V
----- End of picture text -----
==> picture [794 x 42] intentionally omitted <==
Average Annual Production Average Operating Costs 6,160 tonnes Vanadium <US$20/kg Vanadium As 7,700t of Ferrovanadium (FeV80) Lowest Quartile Containing 11,200t V2O5 equivalent Mine Life Direct Construction Costs A$456M 12 years Pre-commissoning, Owners Costs At throughput and EPCM A$173M of 3.2 Mtpa Total : A$629M
==> picture [124 x 33] intentionally omitted <==
Refer to announcement titled “Barrambie Vanadium Project – DFS Completion and Outcomes” dated 5 May 2009 and available at
https://neometals.com.au/announce-blog.php?id=267
+ Ti/V =
==> picture [33 x 30] intentionally omitted <==
22
==> picture [794 x 42] intentionally omitted <==
==> picture [794 x 43] intentionally omitted <==
----- Start of picture text -----
Globally competitive cash costs Ti/V
----- End of picture text -----
==> picture [794 x 42] intentionally omitted <==
==> picture [517 x 47] intentionally omitted <==
==> picture [517 x 48] intentionally omitted <==
==> picture [517 x 48] intentionally omitted <==
==> picture [517 x 47] intentionally omitted <==
==> picture [517 x 48] intentionally omitted <==
==> picture [517 x 48] intentionally omitted <==
==> picture [517 x 47] intentionally omitted <==
==> picture [516 x 47] intentionally omitted <==
==> picture [124 x 33] intentionally omitted <==
+ Ti/V =
==> picture [33 x 30] intentionally omitted <==
23
==> picture [794 x 42] intentionally omitted <==
==> picture [794 x 43] intentionally omitted <==
----- Start of picture text -----
Ti/V
Drivers for development of primary V
----- End of picture text -----
==> picture [794 x 42] intentionally omitted <==
-
China legislating increased vanadium addition for strengthening re-bar steels
-
Increasing demand from energy storage and aerospace
==> picture [485 x 147] intentionally omitted <==
==> picture [157 x 105] intentionally omitted <==
----- Start of picture text -----
New primary
supply
needed now
----- End of picture text -----
==> picture [485 x 146] intentionally omitted <==
==> picture [124 x 33] intentionally omitted <==
==> picture [49 x 29] intentionally omitted <==
----- Start of picture text -----
+ Ti/V =
----- End of picture text -----
==> picture [33 x 30] intentionally omitted <==
24
==> picture [794 x 42] intentionally omitted <==
==> picture [794 x 43] intentionally omitted <==
----- Start of picture text -----
Ti/V
Drivers for development of secondary Ti
----- End of picture text -----
==> picture [794 x 42] intentionally omitted <==
-
Barrambie Eastern Band is worlds second highest grade deposit at 21% TiO2
-
Barrambie Mineral Resource contains +25 million tonnes of TiO 2
==> picture [532 x 35] intentionally omitted <==
==> picture [532 x 36] intentionally omitted <==
==> picture [532 x 35] intentionally omitted <==
==> picture [532 x 36] intentionally omitted <==
==> picture [532 x 35] intentionally omitted <==
Significant supply deficit expected to emerge early 20’s
==> picture [532 x 36] intentionally omitted <==
==> picture [532 x 35] intentionally omitted <==
==> picture [532 x 35] intentionally omitted <==
==> picture [532 x 35] intentionally omitted <==
==> picture [124 x 33] intentionally omitted <==
==> picture [49 x 29] intentionally omitted <==
----- Start of picture text -----
+ Ti/V =
----- End of picture text -----
==> picture [33 x 30] intentionally omitted <==
25
==> picture [794 x 42] intentionally omitted <==
==> picture [794 x 43] intentionally omitted <==
----- Start of picture text -----
Indicative Project Timeline Ti/V
----- End of picture text -----
==> picture [794 x 42] intentionally omitted <==
==> picture [766 x 34] intentionally omitted <==
==> picture [766 x 35] intentionally omitted <==
==> picture [766 x 34] intentionally omitted <==
==> picture [766 x 35] intentionally omitted <==
==> picture [766 x 34] intentionally omitted <==
----- Start of picture text -----
DecQ18 2019/20 2020/21 2021/22
----- End of picture text -----
==> picture [766 x 34] intentionally omitted <==
==> picture [766 x 35] intentionally omitted <==
==> picture [766 x 34] intentionally omitted <==
==> picture [767 x 34] intentionally omitted <==
==> picture [124 x 33] intentionally omitted <==
+ Ti/V =
==> picture [33 x 30] intentionally omitted <==
26
==> picture [794 x 42] intentionally omitted <==
==> picture [794 x 43] intentionally omitted <==
==> picture [794 x 42] intentionally omitted <==
==> picture [114 x 116] intentionally omitted <==
+
= Ti/V
==> picture [115 x 116] intentionally omitted <==
==> picture [124 x 33] intentionally omitted <==
+ Ti/V =
==> picture [33 x 30] intentionally omitted <==
27
==> picture [794 x 42] intentionally omitted <==
==> picture [794 x 43] intentionally omitted <==
==> picture [794 x 42] intentionally omitted <==
-
History of de‐risking development with strong operating and offtake partners
-
Delivered A$34M to shareholders over last three financial years
-
Developing secure supplies of globally‐relevant commodity feedstocks from Tier‐one
assets
-
Clear path to grow margins via vertical integration and innovative cost reduction
-
Team with exploration, development and production track record
-
+A$130M to pursue growth – no change in strategic rigour post sale of Mt Marion,
continue the disciplined evaluation and capital allocation to develop assets
==> picture [124 x 33] intentionally omitted <==
==> picture [49 x 29] intentionally omitted <==
----- Start of picture text -----
+ Ti/V =
----- End of picture text -----
==> picture [33 x 30] intentionally omitted <==
28
2 9
==> picture [794 x 67] intentionally omitted <==
==> picture [417 x 157] intentionally omitted <==
==> picture [794 x 67] intentionally omitted <==
----- Start of picture text -----
SUPPORTING INFORMATION
----- End of picture text -----
==> picture [794 x 67] intentionally omitted <==
==> picture [794 x 67] intentionally omitted <==
+ Ti/V =
29
==> picture [794 x 42] intentionally omitted <==
==> picture [794 x 43] intentionally omitted <==
----- Start of picture text -----
Neometals Board of Directors
----- End of picture text -----
==> picture [794 x 42] intentionally omitted <==
==> picture [116 x 104] intentionally omitted <==
==> picture [101 x 101] intentionally omitted <==
==> picture [101 x 101] intentionally omitted <==
==> picture [97 x 101] intentionally omitted <==
Steven Cole Chairman
Chris Reed Managing Director
David Reed Non‐Executive Director
Natalia Streltsova Non‐Executive Director
Steven has 35 years of professional, corporate and business experience through senior legal consultancy, as well as a range of executive management and non executive appointments. His extensive boardroom and board sub-committee experience includes ASX listed, statutory, proprietary and NFP organisations covering the industrial, financial, educational, professional services, health and resources sectors.
Chris started in the mining industry in 1990 and co-founded Reed Resources in 2001. Chris holds a Bachelor of Commerce from the University of Notre Dame and a Graduate Certificate in Mineral Economics
from WA School of Mines. He is a Member of the AusIMM and immediate past Vice-President of the Association of Mining & Exploration Companies.
David was a director and Chairman of CIBC Australia Limited. David has been a prospector, former secretary of the Amalgamated Prospectors and Leaseholders Association and private mine owner. In 1984 David founded Mt. Martin Gold Mines NL, which with partner Newmont Australia developed the million ounce New Celebration Gold Mine. In recognition of his service to the community he was awarded the Order of Australia Medal in 2002.
Natalia Streltsova is a PhD qualified chemical engineer with +25 years minerals industry experience, including over 10 years in senior technical and corporate roles with mining majors - WMC, BHP and Vale. Dr Streltsova has considerable international experience covering project development and acquisitions in South America, Africa and the Former Soviet Union. She is currently a Non - Executive Director of Western Areas Limited and Parkway Minerals NL.
==> picture [124 x 33] intentionally omitted <==
==> picture [49 x 29] intentionally omitted <==
----- Start of picture text -----
+ Ti/V =
----- End of picture text -----
==> picture [33 x 30] intentionally omitted <==
30
==> picture [794 x 42] intentionally omitted <==
==> picture [794 x 43] intentionally omitted <==
----- Start of picture text -----
Neometals Board of Directors Cont’d
----- End of picture text -----
==> picture [794 x 42] intentionally omitted <==
==> picture [104 x 101] intentionally omitted <==
==> picture [99 x 99] intentionally omitted <==
==> picture [118 x 104] intentionally omitted <==
==> picture [101 x 101] intentionally omitted <==
Douglas Ritchie Non‐Executive Director
Jennifer Purdie Non‐Executive Director
Les Guthrie
Non‐Executive Director
Jason Carone
CFO & Company Secretary
Doug Ritchie is a senior resources industry executive with over 35 years experience, including over 28 years working with Rio Tinto. Mr Ritchie has considerable international corporate experience, including in China. He has been a director of various ASX and HKSE listed companies as well as research and commercialisation organisations
Jennifer holds the position of CEO for Adani Australia Renewables. She brings extensive experience to Avanti from roles in engineering, senior technology, strategy and operations for leading global mining companies. She is a PhD qualified chemical and material engineer and holds an Executive MBA. She is a member of Women in Mining and Resources, a fellow of the Institution of Chemical Engineers and a graduate of the AICD.
Mr Guthrie B.Sc (Engineering and Marketing) brings +40 years of experience to Neometals including senior global roles within corporate and project management and capital program development. He was VP Projects for BHP Billiton, Head of Projects and President LNG for BG Group, President of Aker Kvaerner Inc. and he was also the MD of Kvaerner Australia. Les is a NED of the John Grill Centre for Project Leadership.
Jason holds a Bachelor of Commerce in Accounting and Business Law from Curtin University and is a member of the Institute of Chartered Accountants, and Chartered Secretaries He has over 20 years’ experience in accounting, company administration in Australia and South East Asia across a broad range of industries. Jason has been with Neometals 10 years.
==> picture [124 x 33] intentionally omitted <==
+ Ti/V =
==> picture [33 x 30] intentionally omitted <==
31
==> picture [794 x 42] intentionally omitted <==
==> picture [794 x 43] intentionally omitted <==
----- Start of picture text -----
Lithium Executive Team
----- End of picture text -----
==> picture [794 x 42] intentionally omitted <==
==> picture [98 x 98] intentionally omitted <==
==> picture [98 x 98] intentionally omitted <==
==> picture [101 x 102] intentionally omitted <==
==> picture [102 x 102] intentionally omitted <==
Mike Tamlin COO
Greg Hudson GM ‐ Exploration
Gavin Beer
GM – Process & Metallurgy
Jeremy McManus GM – Commercial & IR
Mike has over 35 years experience, including over 20 years in the lithium industry and was responsible for developing the spodumene trade between Australia and China. Former positions include GM Marketing of Sons of Gwalia and GM China of Galaxy Resources. He has a degree in Metallurgy and is also currently a director of Frontier Lithium.
Greg has more than 18 years’ experience in all facets of hard rock geology, including exploration, project evaluation, mineral resource development and mining. He has extensive minerals experience across Gold, Iron Ore, Lithium, Tantalum and other base metals. Greg was previously the General Manager Geology for Mount Gibson Iron and the Chief Geologist at BC Iron. He holds a Bachelor of Science with Honours and post graduate qualifications in Applied Finance and Mineral Economics.
Gavin is a metallurgist with 29 years of experience in operational and technical roles. His extensive experience through multiple commodities around the world has been gained through various roles, the most recent being General Manager Metallurgy of Peak Resources Limited, Gavin has also run a successful consultancy since 2012 specialising in flowsheet development and optimisation for rare earths, niobium and lithium technology metals.
Jeremy has nearly 20 years experience in the resources and technology minerals sectors.
Prior to Neometals, Jeremy was the Commercial Manager for advanced materials company Talga Resources.
Holding a MBA and postgraduate qualifications in applied finance and corporate governance, Jeremy is versed in strategy management, technology commercialisation, capital markets and IP management.
==> picture [124 x 33] intentionally omitted <==
+ Ti/V =
==> picture [33 x 30] intentionally omitted <==
32
==> picture [794 x 42] intentionally omitted <==
==> picture [794 x 43] intentionally omitted <==
----- Start of picture text -----
Ti/V
Titanium-Vanadium Executive Team
----- End of picture text -----
==> picture [794 x 42] intentionally omitted <==
==> picture [101 x 102] intentionally omitted <==
Darren Townsend CDO
Darren is a Mining Engineer with 20 years’ mining and corporate experience. Extensive experience in managing ASX and TSX listed companies. East African experience incl. development of tantalum mines in Australia and Mozambique and resource drill out and permitting a niobium project in Kenya.
.
==> picture [104 x 104] intentionally omitted <==
David Robinson GM – Metallurgy & IP
New appointment commencing late November. Responsible for supervising all metallurgy programs, project technology development and managing research programs and associated IP protection.
==> picture [106 x 109] intentionally omitted <==
==> picture [104 x 104] intentionally omitted <==
Drew Bradshaw
Paul Wallwork
GM – Mining (seconded from ADAMAN Resources)
GM – Product Development & Marketing
Paul has nearly 30 years of experience in technical Drew is a Mining Engineer sales, international with 12 years’ operations marketing and experience in both management roles. Most Underground and Open recently, in the role of Pits focused on mine Trading Manager at Iluka planning and operations Resources, Australia’s management. Most largest mineral sand recently developed and producer. In the five-year managed the Karari / period from 2008 to 2013 Whirling Dervish Mr Wallwork held the roles Undergrounds for Saracen of Marketing Manager and Mineral Holding. General Manager Marketing at Talison with responsibility for export sales of tantalum, tin and lithium minerals.
==> picture [124 x 33] intentionally omitted <==
==> picture [49 x 29] intentionally omitted <==
----- Start of picture text -----
+ Ti/V =
----- End of picture text -----
==> picture [33 x 30] intentionally omitted <==
33
==> picture [794 x 42] intentionally omitted <==
==> picture [794 x 43] intentionally omitted <==
----- Start of picture text -----
Barrambie JORC Mineral Resource Ti/V
----- End of picture text -----
==> picture [794 x 42] intentionally omitted <==
==> picture [549 x 29] intentionally omitted <==
==> picture [549 x 29] intentionally omitted <==
==> picture [549 x 29] intentionally omitted <==
==> picture [549 x 30] intentionally omitted <==
==> picture [549 x 29] intentionally omitted <==
==> picture [549 x 29] intentionally omitted <==
==> picture [549 x 29] intentionally omitted <==
==> picture [549 x 30] intentionally omitted <==
==> picture [549 x 29] intentionally omitted <==
==> picture [549 x 29] intentionally omitted <==
==> picture [549 x 29] intentionally omitted <==
==> picture [549 x 30] intentionally omitted <==
==> picture [549 x 29] intentionally omitted <==
==> picture [548 x 29] intentionally omitted <==
==> picture [124 x 33] intentionally omitted <==
+ Ti/V =
==> picture [33 x 30] intentionally omitted <==
34
==> picture [794 x 42] intentionally omitted <==
==> picture [794 x 43] intentionally omitted <==
----- Start of picture text -----
Vanadium Deposit Comparison Data
Ti/V
----- End of picture text -----
==> picture [794 x 42] intentionally omitted <==
==> picture [744 x 39] intentionally omitted <==
==> picture [744 x 39] intentionally omitted <==
==> picture [744 x 40] intentionally omitted <==
==> picture [744 x 39] intentionally omitted <==
==> picture [744 x 39] intentionally omitted <==
==> picture [744 x 39] intentionally omitted <==
==> picture [744 x 40] intentionally omitted <==
==> picture [744 x 39] intentionally omitted <==
==> picture [744 x 39] intentionally omitted <==
==> picture [124 x 33] intentionally omitted <==
+ Ti/V =
==> picture [33 x 30] intentionally omitted <==
35
==> picture [794 x 42] intentionally omitted <==
==> picture [794 x 43] intentionally omitted <==
----- Start of picture text -----
Ti/V
----- End of picture text -----
==> picture [794 x 42] intentionally omitted <==
==> picture [596 x 50] intentionally omitted <==
==> picture [596 x 50] intentionally omitted <==
==> picture [596 x 51] intentionally omitted <==
==> picture [596 x 50] intentionally omitted <==
==> picture [596 x 51] intentionally omitted <==
==> picture [596 x 50] intentionally omitted <==
==> picture [124 x 33] intentionally omitted <==
+ Ti/V =
==> picture [33 x 30] intentionally omitted <==
36