Wa Gold Limited · ASX:WAU
Wa Gold — Investor Presentation (June 2019)
18 slides from Wa Gold's investor presentation, Jun 24, 2019
Slide 1: Chile Lithium Brine
Investor Presentation June 2019 Chile Lithium Brine World’s Highest-Grade Lithium Brine District BMG Resources (ASX: BMG) 1
Slide 2: Important Notice and Disclaimer
BMG Resources Important Notice and Disclaimer Exploration Results and Mineral Resources The information in this report that relates to potential Exploration Results and Mineral Resources has been reviewed by Malcolm Castle, who is a Member of the Australasian Institute of Mining and Metallurgy. Mr C
Slide 3: Investment Highlights
BMG Resources Investment Highlights COMMODITY - Li ▪ The world’s highest-grade lithium brine district containing the world’s largest lithium producers LOCATION ▪ Chile is a safe and stable jurisdiction with a well-established mining regulatory regime STRONG LOCAL PARTNER ▪ Delivering attractiv
Slide 4: Lithium Triangle: The Right Location – Strong Value Upside
Lithium Triangle The Right Location – Strong Value Upside ▪ BMG is in good company in the world renowned Lithium Triangle ▪ SQM and Albemarle are operational in close proximity ▪ Chilean-focused ASX/ TSX small-cap Li players have delivered strong value upside in recent years ▪ Trend continues for ot
Slide 5: Lithium Brine Inherent Advantages vs Hard Rock
Lithium Brine Inherent Advantages vs Hard Rock ▪ Accelerated exploration and development timetable ▪ Operationally simple ▪ Significant cost advantages ▪ Game changing processing technology is near – Direct Extraction o Process – 3 hours vs 1 to 2 years o Recoveries – 90% vs 40% o Environmentally fr
Slide 6: Lithium Sector Driven by Strong Fundamentals
Lithium Sector Driven by Strong Fundamentals DEMAND/ PRICE DRIVERS 3 Li ▪ Battery demand for EVs and energy storage driving Li price growth • EV driven demand expected to increase significantly by 2025 Lithium and beyond (McKinsey 2018) 6.941 • Emission policies from major economies driving reform •
Slide 7: BMG's Chilean Lithium Brine Properties
BMG’s Chilean Lithium Brine Properties The World’s Best Lithium Province Salar de Atacama Salar de Atacama ▪ The world’s largest and purest active source of lithium BMG claims: Salar West Claims ▪ Contains c. 27% of global lithium reserves Natalie Claim Salar de Pajonales Pajonales Claims 0 km 100 k
Slide 8: Salar de Atacama: The Right Neighbourhood
Salar de Atacama Highest Grade, Lowest Cost Lithium Source in the World The Right Neighbourhood ▪ CORFO – Chilean Economic Development Agency – holds significant area but is not a producer ▪ BMG’s Salar West adjacent to SQM – the world’s largest lithium producer ▪ Major lithium producer Albemarle is
Slide 9: Salar de Atacama – Salar West
Salar de Atacama – Salar West Three areas – North, Central and South ▪ Salar West claims – 8,000 Ha SQM Brine ▪ Adjacent to SQM’s operations Evaporation Facility ▪ Located in the salar basin to the south ▪ Stage 1 and 2 transient Albemarle Brine Evaporation Facility electromagnetic (TEM) geophysical
Slide 10: Salar West: BMG Exploration to Date
10 Salar West BMG Exploration to Date ▪ TEM geophysics program confirmed large conductive target prospective for lithium brine production ▪ All TEM lines in the 6,300Ha Southern Area identified large conductive target beneath shallow dry gravel cover ▪ Conductive target: • Interpreted to be brine ho
Slide 11: Salar West TEM Geophysical Results
11 Salar West TEM Geophysical Results Strong Conductive Targets ▪ TEM geophysics program L1/L2 confirmed conductive target beneath the low point in the L2/L3 Southern property ▪ Conductive target potentially L3/L4 represents brine that migrated south along faults and through porous older units outsi
Slide 12: Salar de Pajonales: Pajonales Claims
Salar de Pajonales Pajonales Claims ▪ 11,500 Ha with further areas under review ▪ Salar de Pajonales has high grade borates and halite deposits ▪ Geophysics proposed to be undertaken shortly 12
Slide 13: Salar de Tuyajto: Natalie Claim
Salar de Tuyajto Natalie Claim ▪ 600 Ha covering most of the brine rich salar ▪ Samples at surface currently being analysed ▪ Geophysics proposed to delineate depth and size of aquifer 0 km 2 km 1 km 13
Slide 14: Two Phase Exploration Program Development Timeline
Two Phase Exploration Program Development Timeline Phase One - 6 months Phase Two - 6 to 12 months ▪ Salar West ▪ Salar West • Initial 2 hole Diamond/ • Pumping tests / Monitoring Sonic Drilling to test the centre of the conductivity ▪ Pajonales and Natalie target • Drilling • Resource drilling/ JOR
Slide 15: Proactive JV Partners
BMG Resources Proactive JV Partners GZ/ NS Holdings BMG Resources ▪ Strategic business alliance for lithium brine exploration and development with Lithium Chile SpA (“LCS”) ▪ BMG right to earn 50% JV interest over 3 years via US$3.5m investment (at BMG’s discretion) ▪ LCS: • Experienced Chilean geol
Slide 16: Board of Directors
BMG Resources Board of Directors Greg Hancock Bruce McCracken Simon Trevisan Malcolm Castle CHAIRMAN MANAGING DIRECTOR DIRECTOR DIRECTOR BA (Econs), B.Ed (Hons), F.Fin Bcom, LLB, MBA, GAICD BEc, LLb (Hons), MBT BSc (Hons), GSertAppFin (Sec Inst), MAusIMM ▪ Over 25 years of capital ▪ Experienced busi
Slide 17: BMG Investment Snapshot
17 BMG Investment Snapshot ▪ Targeting strategic battery minerals investment opportunities – lithium identified as high priority target BMG Capital Structure (As at 20 June 2019) Shares – ordinary issued 557.73m ▪ Transformational JV completed in the world’s best lithium brine district – The Atacama
Slide 18: Contact Details
Bruce McCracken Managing Director +61 8 9424 9390 enquiry@bmgl.com.au Tim Dohrmann Investor Relations +61 (0) 468 420 846 tim@nwrcommunications.com.au