Boab Metals Ltd · ASX:BML
Boab Metals — Investor Presentation (February 2022)
31 slides from Boab Metals's investor presentation, Feb 8, 2022
Slide 1: Sorby Hills Lead-Silver Project Investor Presentation
For personal use only Sorby Hills Lead-Silver Project Delivering Metals for a Sustainable Future Investor Presentation 8 February 2022
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 The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the ‘JORC Company’s int
Slide 3: Investment rationale
Investment rationale For personal use only The Proven The Most Conductive Pb Battery Metal The primary component of the 12V batteries Ag Metal on Earth Ideal metal for use in solar cells and the Lead found in traditional and electric vehicles Silver electronic components of electric vehicles. Austra
Slide 4: Corporate summary
Corporate summary Share Price History For personal use only Capital structure ( 3 February 2022) Share Price A$0.30 / share 0.9 9.0 0.8 8.0 Shares on Issue 153 million shares Share Trading Volume (M shares) 0.7 7.0 Closing Share Price (A$/sh) Market Cap A$46 million 0.6 6.0 0.5 5.0 Debt Nil 0.4 4.0
Slide 5: Board and management
Board and management For personal use only Experienced Board and Management with a proven track record in exploration and development. Gary Comb Simon Noon Richard Monti Andrew Parker Chairman Managing Director and CEO Non-Exec. Director Non-Exec. Director Engineer with over 30 years’ Experienced ex
Slide 6: Sorby Hills Project highlights
Sorby Hills Project highlights For personal use only Australia’s largest undeveloped, near-surface Lead-Silver-Zinc deposit ✓ 75%/25% Joint Venture Partnership with China’s largest Lead smelter and Silver producer. ✓ Granted pre-native title mining tenements. ✓ EPA Approved for Open Pit Mine and Inf
Slide 7: PFS highlights
PFS highlights For personal use only The Sorby Hills PFS released in August 2020 highlights a technically robust project with impressive economics The PFS highlights the low-risk nature of the Sorby Hills Project with a well-defined large-scale Mineral Resource, conventional crush-mill-float process
Slide 8: Sorby Hills Definitive Feasibility Study
Sorby Hills Definitive Feasibility Study For personal use only Updated Mineral Resource Estimate ✓ 14% increase in Measured and Indicated Resources versus the PFS including 78% increase in Measured Resources with significant upside potential. Enhanced Metallurgical Recoveries ✓ Results reveal separa
Slide 9: High quality Mineral Resource estimate
High quality Mineral Resource estimate For personal use only 14% Increase in Measured and Indicated Resource versus the Sorby Hills PFS Previously excluded from Sorby Hills Mine Plan A’ Image: Long section looking west through the Sorby Hills Resource Grade Contained Metal A Deposit Mt Pb Ag Pb Eq.
Slide 10: Significant Resource upside potential
Significant Resource upside potential For personal use only Drilling continues to reveal new and extended mineralisation across the Sorby Hills deposits and prospects. • New high grade drilling results at the Beta Deposit provide further support and confidence to the recently updated Mineral Resourc
Slide 11: Enhanced metallurgical recoveries
Enhanced metallurgical recoveries For personal use only Comprehensive DFS metallurgical results to deliver uplift in metal recovery across the life of mine Ore Type Pb Recovery Ag Recovery Oxidised Ore Up to 90% Up to 92% Fresh Ore Up to 95% Up to 87% • Builds upon a significant body of previous wor
Slide 12: Low-risk Project with significant scope for growth
Low-risk Project with significant scope for growth For personal use only A low-risk Mine Plan underpinned by Conventional processing route producing a 92% Ore Reserves high-quality concentrate • PFS adopted a Single stage crush and semi-autogenous grinding (SAG) followed Ore Pb (%) Pb (kt) Ag (g/t)
Slide 13: Sorby Hills Offtake and Project Financing
Sorby Hills Offtake and Project Financing For personal use only Advanced progress toward securing binding offtake and project finance for Sorby Hills Offtake Agreement • Competitive tender for Boab’s share of the Sorby Hills concentrate nearing conclusion. Strong proposals have been received from a
Slide 14: Sorby Hills project financier site visit
Sorby Hills project financier site visit For personal use only A unique opportunity to provide insight on the Project and the tangible benefit it will have on the local community Image: Representatives from NAIF and Commercial Banks together with Boab Senior management looking out over the Sorby Hil
Slide 15: Sorby Hills JV partnership
Sorby Hills JV partnership For personal use only Boab (75% interest) Henan Yuguang Gold and Lead Co., Ltd (25% contributing interest) • Very positive meetings have been held with Joint Venture partner Henan Yuguang Gold and Lead Co., Ltd (“Yuguang”), the largest Lead smelting company and Silver prod
Slide 16: Regional exploration potential
Regional exploration potential For personal use only Eight Mile Creek - Exploration Licence E80/5317 Exploration Tenements 100% owned by Boab Metals covering 217 km2 of relatively underexplored tenure immediately south of Sorby Hills. • 30 km of along-strike geology highly prospective for deposits s
Slide 17: Strategic Acquisition of Manbarrum Zinc-Lead-Silver Project
Strategic Acquisition of Manbarrum Zinc-Lead-Silver Project For personal use only Boab has recently acquired a 100% interest in the Manbarrum Zinc-Lead-Silver Project Key highlights include: • Manbarrum is strategically located 25km east of the Sorby Hills Lead-Silver Zinc Project. • Mineral Resourc
Slide 18: Establishing deep roots within the local community
Establishing deep roots within the local community For personal use only Boab is extremely proud to be the Naming Rights Sponsor of the Ord Valley Muster for 2022 and beyond. ▪ Sense of community plays a key role in economic and social well-being of stakeholders across the east Kimberley Region. ▪ T
Slide 19: The Silver & Lead Markets
For personal use only The Silver & Lead Markets Boab Metals Limited ASX:BML 19
Slide 20: Lead: An underrated battery metal
Lead: An underrated battery metal For personal use only 70% of all rechargeable battery energy storage capacity worldwide is provided by lead batteries Sorby Hills PFS Revenue Split Global Lead Battery Market2 475,223 t 600 Payable Lead 500 Lead A$1.4 Billion Revenue 400 GWh 300 200 14,300,481 oz Si
Slide 21: Silver: A precious metal with strong green credentials
Silver: A precious metal with strong green credentials For personal use only Silver‘s traditional role as a storer of wealth is complemented by increasing industrial demand Sorby Hills PFS Revenue Split BML Share Price vs A$ Silver Price 475,223 t 10.0 1.00 BML Trading Volume (M Shares) BML Share Pr
Slide 22: Next Steps
For personal use only Next Steps Boab Metals Limited ASX:BML 22
Slide 23: Development timeline providing significant newsflow
Development timeline providing significant newsflow For personal use only Milestone Status CY2022 Q1 Q2 Q3 Definitive Feasibility Study - Metallurgical Test Work Program ✓ - Mineral Resource Update ✓ - Final Mine and Process Plant Design Ongoing - Process Plant & Infrastructure Tenders Ongoing - DFS
Slide 24: 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 25: Appendix
For personal use only Appendix 25
Slide 26: PFS capital and operating costs
PFS capital and operating costs For personal use only Capital Cost Estimate Operating Cost Estimate1 Capital Item A$M Cost Centre A$M A$/t ore A$/lb2 US$/lb2 Pre Production Mining 24.3 Mining 347 23.48 0.33 0.23 Process Plant incl. EPC fee 105.4 Processing 292 19.80 0.28 0.20 Infrastructure 20.5 G&A
Slide 27: PFS life of mine metrics
PFS life of mine metrics For personal use only Item Unit Base Case Item Unit Base Case Economic Assumptions Cash Flow Lead Price US$/t 2,095 Lead Revenue A$M 1,422.3 Silver Price US$/oz 21.10 Silver Revenue A$M 431.1 Exchange Rate A$:US$ 0.70 Gross Revenue A$M 1,853.3 Physicals Royalties A$M (69.5)
Slide 28: Mineral Resource Estimate - December 2021
Mineral Resource Estimate - 17 December 2021 For personal use only Grade Contained Metal Deposit Mt Pb Ag Pb Eq. Zn Pb Ag Pb Eq. Zn % g/t % % kt koz kt kt A 0.6 5.3 23 6.0 0.1 31 427 35 6 B 2.7 3.6 20 4.2 0.3 97 1,720 112 8 Omega 17.2 3.3 34 4.2 0.4 566 18,948 730 71 Norton 21.1 2.8 34 3.8 0.4 590 2
Slide 29: Current ore Reserve and PFS mine plan
Current ore Reserve and PFS mine plan For personal use only A low-risk Mine Plan underpinned by PFS Mining Schedule 92% Ore Reserves 1,200 6.0% 120 Ore Pb (%) Pb (kt) Ag (g/t) Ag (Moz) 1,000 5.0% 100 Classification Mt % kt g/t Moz 800 4.0% Silver Grade (g/t) 80 '000 tonnes Lead Grade (%) Proved 6.8
Slide 30: Metallurgy and processing
Metallurgy and processing For personal use only Production Summary PFS Processing Schedule 500 10.0% 100 Plant Process Crush, Grind and Float 400 8.0% 80 Plant Throughput 1.5Mt p.a. '000 tonnes Silver Grade (g/t) 300 6.0% 60 Lead Grade (%) Average Feed Grade 3.6% Lead, 39.5 g/t Silver 200 4.0% 40 Av
Slide 31: Equivalent calculation
Equivalent calculation For personal use only The contained metal equivalence It is Boab’s opinion that all elements Metal equivalents are highly dependent on the included in the metal equivalent calculation metal prices used to derive the formula. Boab formula is based on the Sorby Hills notes that