Prospect Resources Ltd. · ASX:PSC
Prospect Resources — Shareholder Meeting (July 2022)
21 slides from Prospect Resources's shareholder meeting presentation, Jul 22, 2022
Slide 1: Extraordinary General Meeting – Chairman's Address and EGM Presentation
ASX.PSC FRA.5E8 ASX ANNOUNCEMENT 22 July 2022 Extraordinary General Meeting – Chairman’s For personal use only Address and EGM Presentation Prospect Resources Limited (ASX: PSC, FRA:5E8) (Prospect or the Company) attaches the following documents to be presented at its Extraordinary General Meeting b
Slide 2: About Prospect Resources Limited
About Prospect Resources Limited (ASX: PSC, FRA:5E8) Prospect Resources Limited (ASX: PSC, FRA:5E8) is an ASX listed lithium company based in Perth with operations in Zimbabwe. Prospect’s flagship asset is the Arcadia Lithium Project located on the outskirts of Harare. Arcadia represents a globally
Slide 3: Chairman's EGM Address
ASX.PSC FRA.5E8 ASX ANNOUNCEMENT 22 July 2022 Chairman’s EGM Address For personal use only Dear Fellow Shareholders I wanted to take this opportunity to thank you all for attending today’s Extraordinary General Meeting and for your ongoing support of the Company during this exciting period in its ev
Slide 4: Chairman's address sign-off and contacts
Yours faithfully, Mark Wheatley Non-Executive Chairman For personal use only This release was authorised by Mark Wheatley, Non-Executive Chairman For further information, please contact: Sam Hosack Nicholas Rathjen Managing Director Head of Corporate Development shosack@prospectresources.com.au nrat
Slide 5: Extraordinary General Meeting
Prospect Resources Limited 22 July 2022 = = ©) re e Extraordinary General Meeting Y) Q, = ‘e) LL LN Prospect Resources
Slide 6: Important notices
Important notices Caution Regarding Forward Looking Information The information contained in this presentation or subsequently provided to any recipient of this presentation whether orally or in writing by or on behalf of Prospect Resources Ltd ("Prospect Resources” or “the Company") or its respecti
Slide 7: Agenda
Agenda SS = € 1) Resolutions, proxies and voting For personal use o LN Prospect Resources
Slide 8: Proxy votes
For personal use only PROXY VOTES VOTING INTENTION NUMBER % For 164,948,895 99.43 “For the purposes of section 256C(1) of the Discretionary 917,073 0.55 Corporations Act and for all other purposes, approval is given by the Shareholders of the Against 33,815 0.02 Company to reduce its share capital b
Slide 9: Capital reduction and special dividend timetable
For personal use only If the Capital Reduction is approved by Shareholders at the EGM* Following the EGM Announcement of voting results Monday, 25 July 2022 The Capital Reduction becomes effective Tuesday, 26 July 2022 Last day for trading on a ‘cum Capital Reduction’ basis* and ‘cum Special Dividen
Slide 10: Investment Highlights
Investment Highlights A) Electrification revolution presents a multi-decade opportunity with strong fundamentals 9 Significant experience in mineral exploration, technical flowsheet design and marketing aaa Proven ability in designing, developing and delivering battery metals projects in Africa +. W
Slide 11: Board of Directors and Management Team
Proven experience in planning, execution, development and operation of large capital projects, spanning a range of commodities with the requisite experience and skills to deliver battery and electrification metals projects in Africa Board of Directors Management Team aa ~~ {a= € o> fs of J .- a Ni B
Slide 12: For personal use only
▪ For personal use only ▪ ▪ ▪ $1.20 60 ▪ $1.00 50 $0.80 40 Millions $0.60 30 $0.40 20 $0.20 10 $0.00 0 May 2020 Sep 2020 Jan 2021 May 2021 Sep 2021 Jan 2022 May 2022 Volume Close
Slide 13: For personal use only
▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ For personal use only ✓
Slide 14: Milestones and share price performance
For personal use only $1.20 60 Received 7 non- Binding agreement to Completion of Sale of binding proposals sell interest in Arcadia Arcadia for US$342m $1.00 for Arcadia 50 Appointment of Non- Commenced $0.80 Executive Chairman Lycopodium appointed for project funding 40 Optimised Feasibility proce
Slide 15: Value created and realised
For personal use only PSC market cap. Total new equity Cash distribution Residual cash at Arcadia Project funds raised (A$M) (A$M) (July 2022) (A$M) (July 2022) acquisition (A$M) (May 2016 - July 2022) (May 2016) A$388M Organic Equity Value Created and Realised +1,500% PSC share price appreciation o
Slide 16: Strategy framework
For personal use only Prospect’s Board has established a strategy framework, which will be further refined ▪ Battery and electrification metals focussed explorer and Business developer ▪ Step Aside Project, Zimbabwe Existing assets ▪ Other battery metal tenements, Zimbabwe ▪ Progression of existing
Slide 17: Battery and Electrification Metals
Battery and Electrification Metals Acompelling, multi-decade opportunity demand for battery and eloctifcation metals under IEA d Poli * Fundamentals behind the electric vehicle and decarbonisation evolution continue to strengthen “ wn eyudesD weqoo oy ‘asouebuew = Market dynamics extremely favourabl
Slide 18: Step Aside Lithium Project
For personal use only ▪ Zimbabwe is highly prospective for targeted battery and electrification metals. ▪ Step Aside Lithium Project is located 8km north of the Arcadia Project, and comprises claims rationalised to approximately 100 hectares within the Harare Greenstone Belt, west of the Mashonganyi
Slide 19: Zimbabwe battery metals deal flow
For personal use only ▪ Significant deal flow involving battery metals in Zimbabwe and the broader sub-Saharan African region highlights potential and scale ▪ Tier 1 lithium players investing considerable capital into the region signalling potential for downstream processing operations ▪ Zimbabwe is
Slide 20: Investment Summary
Investment Summary (F ial Hates ea) Electrification revolution presents a multi-decade opportunity with strong fundamentals 9 Significant experience in mineral exploration, technical flowsheet design and marketing Proven ability in designing, |" developing and delivering battery metals projects in A
Slide 21: Nick Rathjen
Nick Rathjen For personal use only LN Prospect Resources