Boab Metals Ltd · ASX:BML
Boab Metals — Shareholder Meeting (November 2023)
19 slides from Boab Metals's shareholder meeting presentation, Nov 6, 2023
Slide 1: Advancing the Sorby Hills Lead-Silver Project Toward a Final Investment Decision
For personal use only Advancing the Sorby Hills Lead-Silver Project Toward a Final Investment Decision 2023 AGM Presentation - 6 November 2023
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements Compliance Statement For personal use only Certain statements in the presentation are or may be “forward-looking statements” and represent The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves the Company’s intentions, pr
Slide 3: 2023 Year in Review
2023 Year in Review For personal use only ▪ High quality Sorby Hills Definitive Feasibility Study. ▪ Front-End Engineering & Design with Preferred EPC Contractor GR Engineering Services (“GRES”). 22% - DFS vs PFS NPV ▪ Project Optimisation workstreams ongoing: 41% - Boab Share Price1 o updated Taili
Slide 4: Sorby Hills Definitive Feasibility Study Highlights
Sorby Hills Definitive Feasibility Study Highlights For personal use only Lead A$245m pre- C1 cash cost US$0.39/lb production Capex payable Pb 543 thousand payable tonnes underpinned 75% by A$1,790 Million Revenue Incl. net Silver credit of tendered pricing US$0.38/lb payable Pb Average Annual Produ
Slide 5: Sorby Hills confirmed as a Low-Cost Project
Sorby Hills confirmed as a Low-Cost Project For personal use only 2027 Lead Cost Curve (ex-works basis) ▪ Sorby Hills has been 1st Quartile 2nd Quartile 3rd Quartile 4th Quartile independently confirmed as a low-cost Project. ▪ Forecast Project Operating Costs covered by a US$/t Lead historically no
Slide 6: Looking Forward
Looking Forward • Demand growth underpinned by mature and emerging vehicle technologies. For personal use only • Supported by rapid growth in utility and renewable energy storage1. 1. www.batteryinnovation.org/resources/lead-battery-market-data/ Forecast Light Vehicles Sales versus Lead Demand2 “….
Slide 7: Updated Tailings Strategy to Enhance Metal Production
Updated Tailings Strategy to Enhance Metal Production 20,000,000 1,000,000 Cumulative Payable Lead / Silver ▪ The DFS tailings strategy incorporated both For personal use only 18,000,000 900,000 above-ground tailings storage within an High grade Silver from the integrated waste landform (“IWL”) and
Slide 8: Detailed Design and Optimised Plant Layout
Detailed Design and Optimised Plant Layout Primary ▪ GRES has completed FEED For personal use only Crusher Workstreams ▪ FEED output has resulted in: Flotation Circuit • detailed plant design; • optimised site layout; Filter • the issue of tender packages SAG Mill Ball Mill Press for long-lead items
Slide 9: Strategic Growth Opportunities
Strategic Growth Opportunities Keep Seismic Target. For personal use only ▪ 1st drill hole into a potential new discovery (2 km south of existing Sorby Hills reserves). ▪ Possible New Zone with scope for extensive development of mineralisation. Intersected ▪ Upper Mineralised Zone: ~5m of stratiform
Slide 10: Looking Forward
Looking Forward • Complete ongoing Optimisation Workstreams For personal use only and progress Project Approvals. • Incorporate the results of Optimisation workstreams into a FEED Study - Q1 2024. • Continue engagement with potential financers. • Secure credit approved offer(s) from financiers. • Ex
Slide 11: Corporate Summary and Share Price History
Corporate Summary Share Price History For personal use only Capital Structure (3 November 2023) 4.0 0.40 Share Price Debt Volume (million shares) Share Price (A$/sh) 3.5 0.35 A$0.105 / share Nil 3.0 0.30 2.5 0.25 Shares on Issue Cash 2.0 0.20 1.5 0.15 174 million shares A$3.0 million (30 September 2
Slide 12: Thank You
For personal use only Thank You Simon Noon – Managing Director & CEO info@BoabMetals.com www.BoabMetals.com www.linkedin.com/company/boab-metals
Slide 13: Appendix
Appendix For personal use only Appendix Boab Metals Limited ASX:BML 13
Slide 14: Board and Management
Board and For personal use only Management Gary Comb Simon Noon Richard Monti Andrew Parker Chairman Managing Director Non-Exec. Director Non-Exec. Director and CEO Board and Management Engineer with over 30 Experienced mining Geologist with over 30 Lawyer with significant with a proven track years’
Slide 15: Sorby Hills Definitive Feasibility Study Capital Costs
Sorby Hills Definitive Feasibility Study Capital Costs For personal use only Tendered Pricing for 75% of Item Pre-production (A$M) Sustaining (A$M) Total (A$M) Capital Costs to reduce the Early Works / Bulk Earthworks / Road Construction 9.9 15.7 25.6 risk of pre-FID cost escalation. Process Plant a
Slide 16: Sorby Hills Definitive Feasibility Study Operating Costs
Sorby Hills Definitive Feasibility Study Operating Costs For personal use only Competitive C1 cash cost of US$0.39/lb Total Unit Costs Item payable Pb (including Silver Credits). (A$M) A$/t ore US$/lb payable Pb Mining 591 32.4 0.34 ~80% of Mining Costs underpinned by Processing 391 21.4 0.22 tender
Slide 17: Sorby Hills Definitive Feasibility Study Life of Mine Physicals
Sorby Hills Definitive Feasibility Study Life of Mine Physicals PHYSICALS SUMMARY Unit Total FY23 FY24 FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32 FY33 FY34 For personal use only ROM Mined Mt 18.3 - - 2.1 2.1 2.3 2.5 1.9 2.2 1.8 3.3 - - Waste Mined Mt 134.6 - - 11.7 11.6 12.2 24.3 26.1 25.6 19.6 3.5 - -
Slide 18: Establishing Deep Roots within the Community and supporting better outcomes
Establishing Deep Roots within the Community and supporting better outcomes For personal use only Boab is extremely proud to be the Naming Rights Sponsor of the Ord Valley Muster for 2023 and beyond. • Sense of community plays a key role in economic and social well-being of stakeholders across the e
Slide 19: Metal Equivalent and Macroeconomic Calculation Assumptions
Metal Equivalent Macroeconomic Calculation Assumptions For personal use only The contained metal equivalence formula It is Boab’s opinion that all elements included in the metal equivalent calculation have a reasonable is based on the Sorby Hills DFS including: potential to be recovered and sold. Th