Neometals Ltd · ASX:NMT
Neometals — Investor Presentation (March 2022)
40 slides from Neometals's investor presentation, Mar 14, 2022
Slide 1: Greener materials for future generations
For personal use only Greener materials for future generations Neometals Corporate Presentation | March 2022 ASX Code: NMT | OTC: RDRUY | Frankfurt: 9R9 | AIM Code: NMT
Slide 2: Disclaimer
DISCLAIMER For personal use only Summary information: Investment risk: This document has been prepared by Neometals Ltd (“Neometals” or “the Company”) to An investment in securities in Neometals is subject to investment and other known and provide summary information about the Company and its associ
Slide 3: Executive Summary
EXECUTIVE SUMMARY For personal use only Neometals innovatively develops opportunities in minerals and advanced materials essential for a sustainable future. Innovative Focus on Suite of growth Project Strong team with project circular, projects supporting commonality - track-record of developer sust
Slide 4: Aligned management team with a track record of project development
ALIGNED MANAGEMENT TEAM WITH A TRACK RECORD OF PROJECT DEVELOPMENT For personal use only • Team with growing track Total Shareholder Returns(1) MT MARION DEVELOPMENT CASE STUDY – record in delivering project Annualized TSR Over the Last 5-years Identify, Innovate, Integrate, Partner outcomes – Mt Ma
Slide 5: Downstream – Materials Processing: Li-ion Battery Recycling Process
For personal use only DOWNSTREAM – MATERIALS PROCESSING Li-ion Battery Recycling Process 100% Neometals (SMS group earning 50%) Primobius GmbH – Commercialisation Incorporated 50:50 JV with SMS group AIM: NMT ASX: NMT | ASX: NMT neometals.com.au 5
Slide 6: Issue and opportunity in battery recycling
ISSUE OPPORTUNITY PARTICIPANTS IN THE BATTERY VALUE CHAIN LARGE OPPORTUNITY FOR A HANDFUL OF ARE SEEKING ALTERNATIVE SOLUTIONS THAT ADVANCED HYDROMETALLURGICAL RECYCLING For personal use only REDUCE THEIR CARBON FOOTPRINTS, PROVIDERS REGULATORY AND MORAL OBLIGATIONS • Solution to OEMs needing to mee
Slide 7: Neometals solution
NEOMETALS SOLUTION NEOMETALS PROCESSING TECHNOLOGY BACKED BY LEADING GERMAN PLANT BUILDER For personal use only SAFE, ENVIRONMENTALLY-FRIENDLY PROCESS PRODUCING HIGH PURITY, LOW CARBON BATTERY MATERIALS AIM: NMT ASX: NMT | ASX: NMT neometals.com.au 7
Slide 8: Financial metrics
FINANCIAL METRICS AACE CLASS 4 ENGINEERING COST STUDY ESTIMATES, ±25% ACCURACY, MAY 2021 For personal use only FOR 50 TONNE PER DAY – 18,250 TONNE PER ANNUM BATTERY THROUGHPUT CAPACITY CAPITAL US$M DIRECTS Infrastructure Civil 9 Land and Buildings 34 Front End 6 Hydromet 24 Utilities 12 Installation
Slide 9: Business model
BUSINESS MODEL MULTIPLE REVENUE GENERATION OPPORTUNITIES VIA FLEXIBLE OPERATING MODEL For personal use only • Target industrial-scale feed volumes direct from OEMs • Primobius JV to execute global rollout • Primobius underpinned by large delivery partner (SMS) with ability to guarantee plant perform
Slide 10: Status
STATUS FIRST SHREDDING COMMERCIAL OPERATIONS PENDING H1 2022. PIPELINE OF ADDITIONAL COMMERCIAL OPPORTUNITIES MATURING For personal use only Accelerated market entry underway 10tpd Shredder 10tpd Integrated* 50tpd Integrated 50tpd Integrated Plant Type Shredding Shredding/Refining Shredding/Refining
Slide 11: Status cont'd: proposed cooperation with Mercedes-Benz (LICULAR)
STATUS CONT’D PROPOSED COOPERATION WITH MERCEDES-BENZ (LICULAR GMBH)* For personal use only • Primobius to support LICULAR on the engineering, supply and installation of equipment for a Recycling Plant; • Primobius to provide a non-exclusive technology licence, know-how, staff training, engineering
Slide 12: Status cont'd: need more and bigger plants
STATUS CONT’D PRIMOBIUS’ DEVELOPMENT READINESS DOVETAILS WITH AN EXPLOSION OF EV AND CELL For personal use only MANUFACTURING PLANTS AND LARGE VOLUMES OF END-OF-LIFE EVS MID-DECADE NEED MORE PLANTS AND BIGGER PLANTS Source: Benchmark Mineral Intelligence (June 2021) Notes: Data uses simplified assum
Slide 13: Next steps
NEXT STEPS For personal use only Indicative Primobius Evaluation Timeline to 50tpd FID Mar AIM: NMT ASX: NMT | ASX: NMT neometals.com.au 13
Slide 14: Investment case: Li-ion battery recycling
INVESTMENT CASE For personal use only 1 Auto OEMs and Batterymakers Require a LiB Recycling Solution Global volume of ‘end of life’ LIBs available for recycling expected to grow at 18.8% per annum over the next ~10 years(1). Highlighted by Stelco whole of vehicle recycling business model. Environmen
Slide 15: Downstream – Materials Recovery: Vanadium Recovery Process
For personal use only DOWNSTREAM – MATERIALS RECOVERY Vanadium Recovery Process 100% Neometals Vanadium Recovery Project 1 - Finland Evaluating a 50:50 Incorporated JV with Critical Metals Ltd AIM: NMT ASX: NMT | ASX: NMT neometals.com.au 15
Slide 16: Need and opportunity: Vanadium Recovery Project, Pori, Finland
NEED OPPORTUNITY For personal use only • Globally China represents >50% of the current supply with limited current INDUSTRIAL SCALE DEMAND FOR DOMESTIC production from Tier-1 jurisdictions SUPPLY OF HIGH PURITY V FOR ENERGY STORAGE AND OTHER APPLICATIONS • Low or zero carbon supply footprint require
Slide 17: Neometals solution: vanadium recovery
NEOMETALS SOLUTION UNIQUE PROCESS TO SUSTAINABLY RECOVER HIGH For personal use only GRADE VANADIUM AND SALEABLE BY-PRODUCTS • Unique (EU patent pending) hydrometallurgical process to recover vanadium from stockpiled slag utilising Outputs Destination captured CO2 from local emitters as primary reage
Slide 18: Robust metrics – no mining risk
ROBUST METRICS – NO MINING RISK SALE OF HIGH PURITY V TO BATTERY INDUSTRY PLUS BY-PRODUCTS TO INDUSTRIAL APPLICATIONS. SUPPORTED BY LOWEST QUARTILE COSTS AND ESG CREDENTIALS For personal use only Vanadium Recovery Project (1) All figures expressed on a 100% ownership and pre-tax basis. For further i
Slide 19: Status / next steps
STATUS / NEXT STEPS FUNDED TO FID. CLASS 3 FEASIBILITY AND CUSTOMER PRODUCT TRIALS UNDERWAY IN PARALLEL WITH ENVIRONMENTAL PERMITTING IN FINLAND For personal use only AIM: NMT ASX: NMT | ASX: NMT neometals.com.au 19
Slide 20: Investment case: vanadium recovery
INVESTMENT CASE For personal use only 1 Strong Fundamentals for low-carbon Vanadium in EU Forecast supply / demand imbalance for Vanadium with demand upside from new lithium vanadium battery cathode chemistries and Vanadium redox flow batteries Piloted, environmentally-friendly Technology – PCT/EU 2
Slide 21: Downstream – Materials Processing: ELi Lithium Process
For personal use only DOWNSTREAM – MATERIALS PROCESSING ELi ® Lithium Process 70% Neometals / 30% Mineral Resources Ltd ELi ® Lithium Project - Portugal Co-funding evaluation of 50:50 JV with Bondalti Chemicals SA using ELi® Process AIM: NMT ASX: NMT | ASX: NMT neometals.com.au 21
Slide 22: Need and opportunity: lithium in Europe
NEED OPPORTUNITY For personal use only LITHIUM NON-SUBSTITUTABLE IN LIB DEPLOY PROPRIETARY PATENTED ELI PROCESS EU HAS NO OPERATING LITHIUM DEPOSITS INTO EUROPE WITH STRONG LOCAL PARTNER LARGEST CONTRIBUTOR TO CO2 FOOTPRINT OF LIB • Grow global lithium production from lithium chloride (brine) deposi
Slide 23: Solution: ELi process
SOLUTION UTILISES OFF-THE-SHELF For personal use only CHLOR-ALKALI ELECTROLYSERS BATTERY QUALITY LITHIUM CHEMICALS, NO IMPORTED SODA ASH/CAUSTIC SODA CAN UTILISE RENEWABLE POWER AND SEQUESTER CARBON SIGNIFICANT OPERATING AND CAPITAL COST ADVANTAGES AIM: NMT | ASX: NMT neometals.com.au 23
Slide 24: Bondalti partnership
BONDALTI PARTNERSHIP LEVERAGE BONDALTI’S STRONG EXPERIENCE IN CHLOR-ALKALI For personal use only EXTENSIVE INFRASTRUCTURE ENABLES FAST-TRACK EVALUATION AND PILOTING AT THEIR ESTARREJA CHEMICAL SITE Bondalti: • Private Grupo Jose de Mello company • Focus on chlor-alkali chemical and aniline productio
Slide 25: Status / next steps
STATUS / NEXT STEPS FUNDED THROUGH PILOT PLANT TO CLASS 2 FEED STUDY For personal use only * AIM: NMT ASX: NMT | ASX: NMT neometals.com.au 25
Slide 26: Investment case: ELi lithium process
INVESTMENT CASE For personal use only 1 Unique Technology with 12 granted patents and 18 pending Technology well guarded. Importantly the process has been proven at semi-pilot scale and supported by Feasibility Study economic evaluation. 2 Significant operating and capital cost advantage Recovery an
Slide 27: Upstream – Mineral Extraction: Barrambie Titanium and Vanadium Project
For personal use only UPSTREAM - MINERAL EXTRACTION Barrambie Titanium and Vanadium Project 100% Neometals AIM: NMT ASX: NMT | ASX: NMT neometals.com.au 27
Slide 28: Need and opportunity: titanium feedstock
NEED & OPPORTUNITY CHINA IS HALF WORLD MARKET AND SWITCHING TITANIUM For personal use only PIGMENT PRODUCTION TO MORE SUSTAINABLE CHLORIDE PROCESS WORLD SUPPLY OF QUALITY CHLORIDE FEEDSTOCKS IN DECLINE, PRICES STEADILY INCREASING FOR LAST 5 YEARS • Chloride Pigment production requires high-grade fee
Slide 29: Neometals solution: mining and concentrate production
NEOMETALS SOLUTION SIMPLE TRUCK AND SHOVEL MINING FOLLOWED BY GRAVITY For personal use only SEPARATION TO PRODUCE MIXED CONCENTRATES FOR EXPORT TO CHINA FOR SMELTING OR FURTHER REDUCTION TO PRODUCE SEPARATE ILMENITE AND VANADIUM CONCENTRATES Off-taker Processing Intermediate Products Final Products
Slide 30: Status / next steps
STATUS / NEXT STEPS MOU FOR POTENTIAL 50:50 JV OPERATING JV WITH IMUMR1 (CHINA) For personal use only MOU FOR OFFTAKE WITH TITANIUM SLAG PRODUCER JIUXING TITANIUM2 COMPLETING PFS TO BENCHMARK NEGOTIATIONS FOR BUILD-OWN-OPERATE CONTRACTORS 1. for full details refer to ASX announcement entitled “MOU f
Slide 31: Investment case: Barrambie project
INVESTMENT CASE For personal use only 1 Strong Demand/Supply Fundamentals for Titanium China is transitioning from sulphate to more environmentally friendly and sustainable chloride titanium production, so securing access to cleaner, higher grade chloride feedstock is a strategic imperative. Large,
Slide 32: Diversified ESG aligned portfolio
DIVERSIFIED ESG ALIGNED PORTFOLIO INTEGRATED MINERALS / MATERIALS FOR EV AND ESS SECTORS TO DECARBONISE THE SUPPLY CHAIN For personal use only AIM: NMT ASX: NMT | ASX: NMT neometals.com.au 33
Slide 33: Sustainability
SUSTAINABILITY For personal use only Neometals is committed to optimising finite resources with circular practices to benefit society and the environment for a sustainable future. • All projects, particularly EU, focused on materials for decarbonisation and the clean energy revolution • Further – to
Slide 34: Corporate dashboard
CORPORATE DASHBOARD NEOMETALS HAS SIGNIFICANTLY OUTPERFORMED THE ASX200, WITH LTM SHARE PRICE APPRECIATION OF 351% AND A$82M For personal use only RETURNED VIA DIVIDENDS AND BUY BACKS IN THE LAST ~5 YEARS ASX: NMT OTC:RDRUY Shares on Issue(1) m 548.4 Share Price A$ 1.66 12 MONTH SHARE PRICE PERFORMA
Slide 35: Three core businesses reaching investment decisions in 2022
THREE OF OUR CORE BUSINESSES REACHING INVESTMENT DECISIONS IN 2022 CORE PROJECTS ALL AT MATURE STAGES OF DEVELOPMENT. For personal use only LITHIUM HYDROXIDE PROJECT FOLLOWING HOT ON THE HEELS LITHIUM-ION VANADIUM ELi LITHIUM BARRAMBIE BATTERY RECOVERY HYDROXIDE TITANIUM RECYCLING (50:50 (Earning in
Slide 36: Company highlights
COMPANY HIGHLIGHTS NEOMETALS IS AN ATTRACTIVE INVESTMENT For personal use only Innovative processing technologies for sustainable advanced materials Clear strategy to commercialise with proven partnering business model Growing portfolio of ESG-aligned battery materials projects with near-term decisi
Slide 37: Thank you
For personal use only ASX Code: NMT AIM Code: NMT neometals.com.au Thank you.
Slide 38: Appendix: Barrambie Mineral Resource Estimate
For personal use only APPENDIX Barrambie Mineral Resource Estimate AIM: NMT ASX: NMT | ASX: NMT neometals.com.au 38
Slide 39: Mineral Resource Estimate
MINERAL RESOURCE ESTIMATE For personal use only AIM: NMT ASX: NMT | ASX: NMT neometals.com.au 42
Slide 40: Mineral Resource Estimate
MINERAL RESOURCE ESTIMATE Global Mineral Resource as at 17 April 20181 For personal use only Classification Tonnes (M) TiO2 (%) V2O5 (%) Indicated 187.1 9.61 0.46 Inferred 93.0 8.31 0.40 Total 280.1 9.18 0.44 High Grade V2O5 Mineral Resource at (0.5% V2O5 cut-off)2 Classification Tonnes (M) TiO2 (%)