Pls Group Limited · ASX:PLS
Pls — Pilbara Minerals — Diggers & Dealers Mining Forum 2024
29 slides from Pls's conference presentation, Aug 6, 2024
Slide 1: Diggers & Dealers Mining Forum 2024
For personal use only 6 August 2024 Diggers & Dealers Mining Forum 2024 Dale Henderson, Managing Director and Chief Executive Officer View live: www.diggersndealers.com.au/dnd/wp-login.php?action=register ASX: PLS ASX: PLS
Slide 2: The largest, independently owned, hard rock lithium company in the world
For personal use only The largest, independently owned, hard rock lithium company in the world 2
Slide 3: Pilbara Minerals – a major lithium materials supplier
Pilbara Minerals – a major lithium materials supplier For personal use only 100% owner of Tier 1 Asset in leading low risk mining jurisdiction ~34-year mine life with 214Mt at 1.2% Li2O Ore Reserve1 ~140km to Port Production capacity increase Hedland by road to 1mtpa2 under construction and 2mtpa fe
Slide 4: Globally significant lithium resource
Globally significant lithium resource Global hard rock lithium project landscape with Resource above 50Mt4 For personal use only 1.7% 1.6% Mt Holland 1.5% Greenbushes 1.4% Kathleen Valley 1.3% Grade Li2O (%) 1.2% Wodgina Pilgangoora 2017 1.1% 1.0% Pilgangoora 2021 Pilgangoora 2023 0.9% Development a
Slide 5: Mission and strategy
Mission and strategy For personal use only OUR AMBITION STRATEGIC PILLARS Operate Grow Chemicals Diversify Deliver our operating Achieve full Extract greater value Diversify revenue performance potential of the along the battery beyond the commitments Pilgangoora asset materials supply chain Pilgang
Slide 6: The emergence of a major lithium producer
5 The emergence of a major lithium producer For personal use only FY17 FY18 FY19 FY20 FY21 FY22 FY23 Strategic First shipment Production Re-finance – POSCO JV POSCO Pilbara Initial relationship from moderated to new senior transaction JV debt financing US$100M formed with Pilgangoora manage debt fac
Slide 7: FY24 a year of disciplined delivery
5 FY24 a year of disciplined delivery For personal use only September December March June Quarter Quarter Quarter Quarter 3 new or expanded P2000 POSCO PFS released Pilbara Mid-stream P680 primary rejection facility commissioned offtake agreements JV debt financing Demonstration Plant signed secured
Slide 8: June Quarter 2024 highlights
June Quarter 2024 highlights For personal use only PRODUCTION SALES COSTS 26% vs Mar Q 43% vs Mar Q 12% vs Mar Q 226.2k dmt 235.8k dmt $591/t produced shipped Unit operating costs (FOB) 10 REVENUE GROWTH GUIDANCE P2000 PFS released FY24 guidance 58% vs Mar Q with potential exceeded or $305M producti
Slide 9: Scaling production in line with lithium market growth
For personal use only Scaling production in line with lithium market growth 9
Slide 10: Growing production in line with market
Growing production in line with market For personal use only Production FY19 – FY24 CAGR 2000 Expanded nameplate capacity +33% P2000 PFS 3 (Future) 2 1000 6 820 725 620 378 281 175 (kdmt) 91 3 FY19 FY20 FY21 FY22 FY23 FY24 FY25 P1000 P2000 Growth - rate (48%) 210% 34% 64% 17% 13% 10
Slide 11: Crushing and ore sorting facility…
Crushing and ore sorting facility… For personal use only 11 Integrated crushing and ore sorting facility 3D design model (existing plant infrastructure in greyscale) 11
Slide 12: … now ramping up
For personal use only … now ramping up 12 12
Slide 13: P1000 Project…
P1000 Project… For personal use only 13 Pilgan Plant schematic with P1000 Project in dark blue 13
Slide 14: …now 60% complete
…now 60% complete For personal use only • Project remains on schedule and budget - 60% complete at end of June Quarter. • All major equipment and supplies on site. • First ore targeted for the March Quarter 2025. P1000 processing Image: P1000 Project construction as at 1 August 2024. plant footprint
Slide 15: Proposed P2000 footprint
Proposed P2000 footprint For personal use only 15 15
Slide 16: P2000 PFS highlights
3 P2000 PFS highlights For personal use only Production Expansion NPV IRR 2 Mtpa $2.6B 55% Potential 8% real, post tax on cash flows production post tax capacity (SC5.2) New plant Next steps Timing Whole of ore Feasibility study Creates optionality. flotation plant commenced, with FID subject to wit
Slide 17: Extracting greater value across the supply chain
For personal use only Extracting greater value across the supply chain 17
Slide 18: Highly integrated into the supply chain
Highly integrated into the supply chain For personal use only Strategic partnerships POSCO JV Additional major chemicals customers Yahua Chengxin Yibin Tianyi General Lithium 18
Slide 19: Making a positive contribution, minimising our impact and maximising opportunities
For personal use only Making a positive contribution, minimising our impact and maximising opportunities 19
Slide 20: Recent sustainability highlights
Recent sustainability highlights For personal use only 7 • 1.79 - quality safety interactions • 3.63 - total recordable injury frequency rate 8 9 • Power Strategy released • Reconciliation Action Plan released • UN Global Compact participant • Ongoing cultural awareness training for employees and co
Slide 21: Long term global demand trend for lithium continues
For personal use only Long term global demand trend for lithium continues 21
Slide 22: Strong growth fundamentals for EVs
Strong growth fundamentals for EVs For personal use only Global EV sales 10 Global EV sales market share by region 11 (July 2019 – June 2024) 1,800,000 100% 1,600,000 90% 1,400,000 80% 1,200,000 70% 1,000,000 60% To be updated to include June Units 800,000 50% 600,000 40% 30% 400,000 20% 200,000 10%
Slide 23: Contacts
Contacts For personal use only Investor Relations James Fuller Manager, Investor Relations T: +61 (0) 488 093 763 James.Fuller@pilbaraminerals.com.au Media Michael Vaughan Fivemark Partners T: +61 (0) 422 602 720 23
Slide 24: Appendices
For personal use only Appendices 24
Slide 25: Important notices
Important notices This document has been prepared by Pilbara Minerals Limited (“Pilbara” or “Pilbara Minerals” or the “Company”) and is dated 6 August 2024. Not an offer of securities For personal use only This document is provided for informational purposes and does not constitute or contain an off
Slide 26: Important notices
Important notices Important Information regarding Mineral Resources, Ore Reserves and P680, P1000 and P2000 Projects Information in this document regarding production targets and expansions in nameplate capacity of the Pilgangoora Operation in respect of the P680, P1000 and P2000 projects are underp
Slide 27: Pilgangoora Mineral Resources and Ore Reserves
Pilgangoora Mineral Resources and Ore Reserves For personal use only Category Tonnes Li2O Ta2O5 Fe2O3 Li2O Ta2O5 (Mt) (%) (ppm) (%) (Mt) (M lb) Mineral Resource estimate at 30 June 2023 Measured 22.1 1.34 146 0.44 0.3 7 Indicated 315.2 1.15 106 0.53 3.6 74 Inferred 76.6 1.07 124 0.54 0.8 21 Total 41
Slide 28: Supporting data: Hard-rock Mineral Resources
4 Supporting data: Hard-rock Mineral Resources (slide 4) Total M,I&I Measured Indicated Inferred For personal use only Tonnage Grade Tonnage Grade Tonnage Grade Tonnage Grade Company1 Category Location Date Announcement title Project name (Mt) (% Li2O) (Mt) (% Li2O) (Mt) (% Li2O) (Mt) (% Li2O) 1. AV
Slide 29: End notes
End notes 1. For more information see Pilbara Minerals ASX announcement “55Mt increase in Ore Reserves to 214Mt” released on 24 August 2023. 2. Production nameplate capacity uplift to ~1 Mtpa subject to completion and commissioning of the P1000 Project. Actual production is expected to vary in any y
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