Evolution Energy Minerals Limited · ASX:EV1
Evolution Energy Minerals — Investor Presentation (May 2022)
25 slides from Evolution Energy Minerals's investor presentation, May 2022
Slide 1: Sustainable Graphite Products for the Global Green Economy
SUSTAINABLE GRAPHITE PRODUCTS FOR THE GLOBAL GREEN ECONOMY May 2022
Slide 2: Disclaimer
ASX:EV1 DISCLAIMER This presentation (the “Presentation”) has been prepared by Evolution Energy Minerals Limited (“Evolution”). No Mineral Resources party other than Evolution has authorised or caused the issue of this document, or takes responsibility for, or makes any statements, representations o
Slide 3: Sustainable Graphite Products for Global Green Economy
ASX:EV1 SUSTAINABLE GRAPHITE PRODUCTS FOR GLOBAL GREEN ECONOMY Project Status Graphite Market Corporate Development-ready Chilalo Once-in-a-generation Goal to become world’s first Graphite Project in Tanzania graphite demand opportunity net zero carbon graphite mine 58% > 80 Mesh World leading flake
Slide 4: Corporate Overview
ASX:EV1 CORPORATE OVERVIEW BOARD EV1 $77.7M $7.5M Phil Hoskins MANAGING DIRECTOR ASX Code Market Cap Cash (at $0.48 per share) Phil is the Executive responsible for the development of Chilalo (as at 31 Mar ‘22) since 2014. Eight years’ graphite experience. Trevor Benson NON-EXECUTIVE CHAIRMAN $70.2M
Slide 5: Delivering on the Major Milestones
ASX:EV1 DELIVERING ON THE MAJOR MILESTONES Targeting Chilalo FID by H2 2022
Slide 6: Chilalo Project
ASX:EV1 CHILALO PROJECT Premium graphite for high-value applications Development ready DFS, Mining Licence and Environmental Approvals High margins ~US$750/t concentrate margin driven by globally significant flake size Value-added margins through vertical integration Diversified downstream strategie
Slide 7: Large High Grade Mineral Resource
ASX:EV1 LARGE HIGH GRADE MINERAL RESOURCE Potential for multi-decade mine life Chilalo Mineral Resource 20Mt at 9.9% TGC over 2km strike Long life Existing 18 year mine life based on existing Ore Reserves Geophysics indicates upside 33km of conductors with same or higher conductivity (= high grade,
Slide 8: DFS Optimisation Underway
ASX:EV1 DFS OPTIMISATION UNDERWAY Strong economics to a bankable standard1 PHYSICALS UNIT 2020 DFS Mine life years 18 FEED Total plant feed Mt 8.9 Appointment of FEED engineer – May 2022 Annual plant feed ktpa 500 Update capex to +/- 10% Average head grade %TGC 10.1% Average graphite concentrate pro
Slide 9: Tanzania
ASX:EV1 TANZANIA Re-emerging as a favourable investment destination Her Excellency Samia Suluhu Hassan appointed as President in March 2021 (following death of the Late His Excellency John Magufuli) Evolution has commenced discussions Speech on 5 April 2021 by Her Excellency with Tanzanian o Directe
Slide 10: Graphite demand forecast quote
ASX:EV1 “We forecast battery sector demand for raw material graphite to rise by more than 1,400% between 2020 and 2050. By the end of the forecast period, total graphite demand could be three times the 2021 supply level.” – Wood Mackenzie Graphite Market 2021 Outlook to 2050 10
Slide 11: Unprecedented Demand Opportunity
ASX:EV1 UNPRECEDENTED DEMAND OPPORTUNITY EV sales outperforming forecasts as China / EU reaches inflection point ELECTRIC LI-ION BATTERY DEMAND (MWh) GRAPHITE DEMAND VEHICLES IN BATTERIES (Mt) In 2021, EVs represented 15% and 20% of all vehicles sold in China and Europe respectively. Source: Bloombe
Slide 12: Graphite in Lithium-Ion Batteries
ASX:EV1 GRAPHITE IN LITHIUM-ION BATTERIES High costs and CO2 footprint shifting demand from synthetic towards natural graphite NATURAL GRAPHITE DEMAND FOR BATTERIES 2020 Lithium Nickel Manganese Cobalt Other Silicon / Other 2030 12 Source: Benchmark Mineral Intelligence – Q4 2021 Flake Graphite Fore
Slide 13: Criticality of Graphite Supply
ASX:EV1 CRITICALITY OF GRAPHITE SUPPLY Graphite listed as a strategic critical mineral in US, EU, Japan and Australia CHINA DOMINATES GRAPHITE MARKET WHY? 1 Due to high concentration of production in one country (China), graphite is recognized as a strategic critical mineral in: Flake Graphite Suppl
Slide 14: Supply Shortfall and Rising Prices
ASX:EV1 SUPPLY SHORTFALL AND RISING PRICES Power shortages and environmental shutdowns cause 31% increase in fines price since October 2021 FINE FLAKE (-100 MESH / -150 MICRON) DEFICIT IN NATURAL GRAPHITE HAS BEGUN GRAPHITE PRICES (OCT 2021–MAR 2022) 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Slide 15: Offtake Partnership and Downstream Collaboration
ASX:EV1 OFFTAKE PARTNERSHIP AND DOWNSTREAM COLLABORATION Sales commitment supports financing Chilalo production committed to YXGC Principal offtake partner announced Yichang Xincheng Graphite Co Ltd (YXGC) selected following years of dialogue Offtake discussions progressing Dual focus MoU MoU covers
Slide 16: Value Addition Journey for Premium Quality Coarse Flake Graphite
ASX:EV1 VALUE ADDITION JOURNEY FOR PREMIUM QUALITY COARSE FLAKE GRAPHITE 16
Slide 17: Sustainable Battery Anode Materials
ASX:EV1 SUSTAINABLE BATTERY ANODE MATERIALS Commercial verification program to avoid toxic chemicals EV1 INTENDS TO USE COMMERCIALLY PROVEN THERMAL PURIFICATION AND PROPRIETARY COATING TECHNOLOGY 1. Mining Processing 2. Active Anode Material Precursor 3. Active Anode Material Mining Processing Trans
Slide 18: Regulation Driving Demand
ASX:EV1 REGULATION DRIVING DEMAND EU initiatives leading the way & forcing a change KEY INITIATIVES Supported by Initiative for Responsible Mining Assurance RESPONSIBLE CO2 FOOTPRINT TRACEABILITY EU list of Critical Raw Materials & European SOURCING Raw Materials Alliance All batteries sold All raw
Slide 19: Public Sustainability Commitments
ASX:EV1 PUBLIC SUSTAINABILITY COMMITMENTS MERCEDES-BENZ BMW EUROPEAN COMMISSION “ We have made CO2 neutral cell production “ The BMW Group is the first automobile company worldwide to become a “ The Commission puts forward a new future-proof regulatory framework on batteries to ensure that only the
Slide 20: ESG and Sustainability
ASX:EV1 ESG AND SUSTAINABILITY Evolution’s commitment to sustainable graphite supply DIGBEE ENDORSED BY NUMEROUS FINANCIERS DIGBEE FRAMEWORK COVERS ALL GLOBAL STANDARDS 20
Slide 21: Graphite Peer Comparison
ASX:EV1 GRAPHITE $1,400 PEER COMPARISON Significant discount to graphite peers $1,200 $1,000 Market Capitalisation ($m) $800 $600 $400 $200 $- Syrah Resources Renascor Nouveau Monde Talga Group Magnis Energy NextSource Black Rock Mi ning EcoGraf Limited Walkabout Evolution Energy Volt Resources Trit
Slide 22: Value Proposition
ASX:EV1 VALUE PROPOSITION High-quality, advanced project with global customer validation Development-ready ESG commitments Ongoing support from High-margin to drive interest from strategic cornerstone investor graphite project investors and customers underwrites project financing Internationally rec
Slide 23: Appendix
APPENDIX ev1minerals.com.au
Slide 24: Detailed Graphite Peer Comparison Analysis and References
APPENDIX Detailed graphite peer comparison analysis and references Ticker EV1.ASX MNS.ASX EGR.ASX RNU.ASX WKT.ASX BKT.ASX VRC.ASX TON.ASX NEXT.TSX Market Cap (A$M) 75 439 232 563 109 240 71 39 331 Resource 2.0 9.4 3.0 6.6 4.5 16.6 22.6 3.0 8.7 (Mt contained graphite) Resource (Mt) 20 174 31 87 42 21
Slide 25: Contact
Phil Hoskins Managing Director E: info@ev1minerals.com.au P: +61 8 9200 3426 ev1minerals.com.au
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