Boab Metals Ltd · ASX:BML
Boab Metals — Investor Presentation (April 2023)
27 slides from Boab Metals's investor presentation, Apr 3, 2023
Slide 1: Advancing the Sorby Hills Lead-Silver Project toward a Final Investment Decision
For personal use only Advancing the Sorby Hills Lead-Silver Project toward a Final Investment Decision Corporate Presentation 3 April 2023 Boab Metals Limited ASX:BML
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 The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore represent the Company’s intentions, projections
Slide 3: The Proven Battery Metal
The Proven Battery Metal Pb Lead The primary component of the 12V batteries found in traditional and electric vehicles. For personal use only • Demand growth underpinned by mature and emerging vehicle technologies. • Supported by rapid growth in utility and renewable energy storage1. 1. www.batteryi
Slide 4: The Most Conductive Metal on Earth
The Most Conductive Metal on Earth Ag Silver Ideal metal for use in solar cells and the electronic components of electric vehicles. For personal use only • Silver‘s traditional role as a storer of wealth is complemented by its increasing industrial demand. • The use of Silver in solar cells has incr
Slide 5: A near-term producer of Lead and Silver
Sorby Hills Project A near-term producer of Lead and Silver For personal use only • Located 50km northeast of Kununurra in the East Kimberley Region of Western Australia • High quality Mineral Resource with significant near mine and greenfields exploration upside • 150km by existing sealed roads to
Slide 6: DFS results support progress toward a Decision to Mine
Sorby Hills Project DFS results support progress toward a Decision to Mine For personal use only A$245m pre- C1 cash cost Lead production Capex US$0.39/lb payable Pb 543 thousand payable tonnes underpinned 75% Incl. net Silver credit of A$1,790 Million Revenue by tendered pricing US$0.38/lb payable
Slide 7: High Quality Mineral Resource Estimate
Sorby Hills Project High Quality Mineral Resource Estimate For personal use only Tonnes Grade Contained Metal Classificatio Deposit Pb Zn Ag PbEq1 Pb Zn Ag n (Mt) % % g/t % kt kt koz Inferred 0.6 5.3% 1.0% 23 6.1% 31 6 427 A Sub Total 0.6 5.3% 0.1% 23 6.1% 31 6 427 Measured 1.4 3.8% 0.3% 19 4.5% 52
Slide 8: Production Target and Reserve Estimate
Sorby Hills Project Production Target and Reserve Estimate For personal use only DFS Production Target Total Waste ROM Pb Ag PbEq Strip Pit (Mt) (Mt) (Mt) (%) (g/t) (%) Ratio Pit A 4.1 3.7 0.5 3.7 16.4 4.3% 8.1 Pit B 14.8 12.6 2.3 3.2 17.4 3.8% 5.5 Omega South 21.1 18.3 2.8 2.9 29.5 3.9% 6.5 Omega M
Slide 9: Near-term opportunities to increase production target
Sorby Hills Project Near-term opportunities to increase production target For personal use only A B C D C D B A Figure: Norton deposit cross Section showing the position of recently completed drill holes, intercepts and reinterpreted outline of the mineral resource envelopes Figure: Assay results fr
Slide 10: Strategic Acquisitions: Eight Mile Creek
Boab Metals Limited Strategic Acquisitions For personal use only Boab owns a 100% interest the Eight Mile Creek - Exploration Licence E80/5317 Key highlights include: ✓ Exploration Tenements ✓ Drilling has confirmed the covering 206 km2 of existence of a favourable relatively underexplored stratigra
Slide 11: Strategic Acquisitions: Manbarrum Zinc-Lead-Silver Project
Boab Metals Limited Strategic Acquisitions For personal use only Boab has acquired a 100% interest in the Manbarrum Zinc-Lead-Silver Project Key highlights include: ✓ Manbarrum is strategically ✓ Mineral Resources declared located 25km east of the at two prospects within the Sorby Hills Lead-Silver
Slide 12: Process Flow Sheet
Sorby Hills Project Process Flow Sheet For personal use only 2.25Mtpa Process Plant Conventional Process Plant supported by extensive metallurgical testwork and process engineering. Ball Mill: Available Year 1 Operating from Year 2 GR Engineering Services (“GRES”) selected as preferred tender for Pr
Slide 13: Clean Power Solution
Sorby Hills Project Clean Power Solution For personal use only Heads of Agreement executed with Horizon Power with respect to a future Power Purchase Agreement for Sorby Hills. Key Indicative Terms • Delivery of firm power over a 10-year term with a purchaser option to extend; and • Cleaner, cheaper
Slide 14: Path to Market
Sorby Hills Project Path to Market For personal use only Agreement for Access and Stevedoring Service executed with Cambridge Gulf with respect to Wyndham Port. Term extending to April 2034 with an automatic rollover on a 12-monthly basis. Wyndham Port is located 150km by existing sealed road from S
Slide 15: Progress towards a Final Investment Decision
Sorby Hills Project Progress towards a Final Investment Decision For personal use only • Front End Engineering & Design (“FEED”) underway • Independent Technical due diligence completed on the Mineral Resource and Metallurgical testwork program • Mining Leases granted, EPA Approval in place • Indepe
Slide 16: Joint Venture
Sorby Hills Joint Venture Boab (75% interest) Henan Yuguang Gold and Lead Co., Ltd For personal use only (25% contributing interest) • Yuguang Gold and Lead Co., Ltd (“Yuguang”) is Asia’s largest electrolytic lead producer and China’s largest Silver producer.1 • Initially invested in Sorby Hills Joi
Slide 17: Indicative Timeline to Production
Sorby Hills Project Indicative Timeline to Production For personal use only Calendar Year 2023 2024 2025 Quarter Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 DFS Complete Offtake Financing FEED JV Decision to Mine Detailed Design Construction Production Boab Metals Limited ASX:BML Copyright ©BOAB 17
Slide 18: Establishing Deep Roots within the Community
Boab Metals Limited Establishing Deep Roots within the Community and supporting better outcomes For personal use only Boab is extremely proud to be the Naming Rights Sponsor of the Ord Valley Muster for 2023 and beyond. • Sense of community plays a key role in economic and social well-being of stake
Slide 19: Corporate Summary
Boab Metals Limited Corporate Summary For personal use only Capital structure (27 March 2023) Share Price History Share Price Debt 5.0 0.50 A$0.19 / share Nil 0.45 Volume (million shares) Share Price (A$/share) 4.0 0.40 Shares on Issue Cash 0.35 3.0 0.30 174 million shares A$6.2million (27 March 202
Slide 20: Board and Management
Board and Management For personal use only Gary Comb Simon Noon Richard Monti Andrew Parker Chairman Managing Director Non-Exec. Director Non-Exec. Director and CEO Board & Engineer with over 30 Experienced mining Geologist with over 30 Lawyer with significant Management with a years’ experience in
Slide 21: Thank You
For personal use only Simon Noon – Managing Director & CEO info@BoabMetals.com www.BoabMetals.com www.linkedin.com/company/boab-metals Thank You
Slide 22: Appendix
For personal use only Appendix Boab Metals Limited ASX:BML Copyright ©BOAB 22
Slide 23: Definitive Feasibility Study: Capital Costs
Sorby Hills Definitive Feasibility Study Capital Costs For personal use only Pre-production Sustaining Total Tendered Pricing for 75% of Item (A$M) (A$M) (A$M) Capital Costs to reduce the risk Early Works / Bulk Earthworks / Road Construction 9.9 15.7 25.6 of pre-FID cost escalation. Process Plant a
Slide 24: Definitive Feasibility Study: Operating Costs
Sorby Hills Definitive Feasibility Study Operating Costs For personal use only Total Unit Costs Competitive C1 cash cost of US$0.39/lb Item (A$M) A$/t ore US$/lb payable Pb payable Pb (including Silver Credits). Mining 591 32.4 0.34 Processing 391 21.4 0.22 ~80% of Mining Costs underpinned by G&A 88
Slide 25: Definitive Feasibility Study: Life of Mine Physicals
Sorby Hills Definitive Feasibility Study Life of Mine Physicals For personal use only PHYSICALS SUMMARY Unit Total FY23 FY24 FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32 FY33 FY34 ROM Mined Mt 18.3 - - 2.1 2.1 2.3 2.5 1.9 2.2 1.8 3.3 - - Waste Mined Mt 134.6 - - 11.7 11.6 12.2 24.3 26.1 25.6 19.6 3.5 - -
Slide 26: Definitive Feasibility Study: Life of Mine Cash Flows
Sorby Hills Definitive Feasibility Study Life of Mine Cash Flows For personal use only FINANCIAL SUMMARY Unit Total FY23 FY24 FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32 FY33 FY34 Lead Revenue A$M 1,789.7 - - 177.1 223.9 227.2 187.0 206.2 221.5 205.6 248.7 92.4 - Silver Revenue A$M 691.7 - - 49.1 73.4 8
Slide 27: Metal Equivalent calculation
Metal Equivalent It is Boab’s opinion that all elements included in the metal equivalent calculation have a reasonable potential to be recovered and sold. The formula used to calculate lead equivalent grade is: calculation Metal Eq (percent) = Gpri + (Gpri × [∑i Ri Si Vi Gi ]/(Rpri Spri Vpri Gpri))