Tungsten Mining Nl · ASX:TGN
Tungsten Mining Nl — Shareholder Meeting (November 2017)
23 slides from Tungsten Mining Nl's shareholder meeting presentation, Nov 24, 2017
Slide 1: Annual General Meeting
For personal use only Annual General Meeting 24 November 2017
Slide 2: Disclaimer
Disclaimer For personal use only This presentation includes certain statements that may be deemed ‘forward-looking statements’. All statements, other than statements of historical fact, that refer to any future production, resources or reserves, exploration results and events that Tungsten Mining NL
Slide 3: Corporate Overview
Corporate Overview For personal use only Capital Structure ASX: TGN Shares on issue 481 million Unlisted Options 74 million Market Capitalisation $48m (at 10 cps) Cash as at 24/11/2017 $8.9 million Top 20 shareholders 89% Board and Management Gary Lyons Non-Exec Chairman Experienced company director
Slide 4: Progressing towards Production
Progressing towards Production For personal use only ! Focussed developer of tungsten concentrate projects ! Low cost acquisitions to leverage returns ! High quality portfolio of advanced tungsten projects ! Implementing Mt Mulgine Strategic Development Plan ! Low capex model to deliver competitive
Slide 5: Project Portfolio
Project Portfolio For personal use only • Tungsten Mining has established a portfolio of advanced tungsten (scheelite) development projects • Mineral Resources* of 87.4 Million tonnes at 0.18% WO3, containing more than 15.6 million MTU (metric tonne units) of WO3 at a 0.10% cut-off grade. • Mt Mulgi
Slide 6: Tungsten - a unique metal…
Tungsten - a unique metal… For personal use only Tungsten a metal of unique characteristics # Highest melting point # Highest tensile strength # Lowest co-efficient of expansion # High density Period 6 / Group 6 74 183.85 # Non-corrosive Making it a commodity of critical 5700°C importance in today’s
Slide 7: …of strategic importance
…of strategic importance For personal use only • Tungsten’s unique properties means limited or no substitution from other metals • Global tungsten (W) mine production was estimated to be circa 89,000 tonnes in 2016. • China dominates consumption of tungsten, as well as its supply, accounting for ove
Slide 8: Low cost acquisitions drive value
Low cost acquisitions drive value For personal use only Monthly Average European APT Price - Jan 2015 - Oct 2017 • In December 2015 acquisition of Mt (US$/MTU) Mulgine and Big Hill projects Acquisition of Modular Processing Plant $325.00 completed at bottom of cycle at a cost Acquisition of Mt Mulgi
Slide 9: Factors for success
Factors for success For personal use only $ Large scale deposits supporting robust project economics $ Existing infrastructure driving low capital expenditure $ Low mining costs from near surface mineralisation and low strip ratios $ Simple metallurgical recovery and processing route $ Stable politi
Slide 10: Mt Mulgine Tungsten Project
Mt Mulgine Tungsten Project For personal use only ! Globally significant JORC 2012 Mineral Resource (updated in June 2017) ! Substantial past exploration and feasibility Study work. ! Tungsten and molybdenum rights held by Tungsten Mining ! Minjar Gold Pty Ltd, subsidiary of Shandong Tianye Group of
Slide 11: Mt Mulgine – Mineral Resources
Mt Mulgine – Mineral Resources For personal use only
Slide 12: Mulgine Hill Drill Core Sample Showing Coarse Grain Scheelite
For personal use only Mulgine Hill Drill Core Sample Showing Coarse Grain Scheelite (UV light)
Slide 13: Mt Mulgine Strategic Development Plan
Mt Mulgine Strategic Development Plan For personal use only ! Staged development approach targeting production of tungsten concentrate and early cash flow by end of 2018 ! Focus on shallow mineralisation at Mulgine Hill, previously mined and stockpiled material and exposed ore in Bobby McGee pit at
Slide 14: Project development highlights
Project development highlights For personal use only ! Successful drilling program completed in August 2016 and historical diamond core sampling - adding to existing zones and defining extensions of mineralisation along strike and down dip ! JORC 2012 Mineral Resource update in June 2017 increased c
Slide 15: Modular plant – a capex game changer
Modular plant – a capex game changer For personal use only
Slide 16: Corporate achievements
Corporate achievements For personal use only ! Successful $5.27m capital raising in January 2017 - funds supported planned work programs ! Contracted with Pilbara Minerals in July 2017 for acquisition of modular processing plant. Sale agreements and settlement in September and plant relocated from P
Slide 17: Market development activities advancing
Market development activities advancing For personal use only • Building relationships with China industry. Tungsten mine, processing plant and APT plant visited in January 2017. • Test work completed June to August 2017 on Mulgine Hill ore sample at XTC’s Xingluokeng mine and processing facility in
Slide 18: Development Plan Implementation
Development Plan Implementation For personal use only Targeting small scale production facility capable of producing saleable concentrate and by-products by end 2018. Phase 1 RC and PQ diamond drilling successfully completed in August 2016 – targeted MINERAL RESOURCE shallow mineralisation at Mulgin
Slide 19: Mt Mulgine Development Timeline
Mt Mulgine Development Timeline For personal use only Task Dec 16 Mar 17 Jun 17 Sep 17 Dec 17 Mar 18 Jun 18 Sep 18 Dec 18 Geology and resource development Metallurgy Engineering Pilot Scale Testwork Project management, permitting and approvals Marketing and Commercial Mining Production
Slide 20: Summary
Summary For personal use only ! Largest Australian resource inventory of WO3 ! Globally significant project scale ! Clear strategy and implementation path ! Improving market for tungsten ! Leverage off existing infrastructure ! Low capex pathway to production ! Plant acquisition delivers fast track
Slide 21: Thank you
Thank you For personal use only Primary contact: Craig Ferrier Chief Executive Officer t: +618 9486 8492 e: craig.ferrier@tungstenmining.com
Slide 22: Annexure – Mineral Resources
Annexure 1 – Mineral Resources For personal use only
Slide 23: Annexure – Mineral Resources
Annexure 1 – Mineral Resources For personal use only
Tungsten Mining NL — Shareholder Meeting (November 2017) on 6ix