Slide 1: Element 25 Limited Investor Update
Element 25 Limited Investor Update Building a world-class Zero Carbon Manganese business October 2022 – Investor Update ASX:E25
Slide 2: Disclaimer
Disclaimer This presentation contains only a brief overview of Element 25 Limited and its associated entities (“Element 25") and their respective activities and operations. The contents of this presentation, including matters relating to the geology of Element 25's projects, may rely on various assu
Slide 3: Corporate Summary
Corporate Summary Financial Information Introduction ASX Ticker E25 Developing the world class Shares on Issue 154M Butcherbird Manganese Project in Western Share Price $1.04 Debt Nil Australia to produce high quality manganese concentrate and battery grade High Purity Manganese Sulphate Monohydrate
Slide 4: Experienced Owners Team – Knowledge Stays In-House
Experienced Owners Team – Knowledge Stays In-House BOARD OF DIRECTORS Extensive in-house experience and expertise supported by carefully selected external consultants Seamus Cornelius John Ribbons Justin Brown Chairman Non-Executive Director Managing Director Lawyer CPA Geologist PROJECT DEVELOPMENT
Slide 5: Our Strategic Vision
Our Strategic Vision… Stage 1 Stage 2 Stage 3 Stage 4 365Kt per annum 1 Mt per annum High Purity Mn MnSO4 Expansion In production, optimising Engineering optimisation FS study scheduled Long term - multiple process in progress, startup 2023 for completion 2022 HPMSM modules globally 1 year plan 3 ye
Slide 6: Not all manganese is created equal
Not all manganese is created equal Serving the Established… And the Emerging… • Manganese (Mn) is the fourth most used metal • The electrification of the global vehicle fleet on earth in terms of tonnage. requires vast amounts of cathode materials. • Used in steel, specialty alloys and aluminium pro
Slide 7: Great infrastructure endowment, fully permitted
Great infrastructure endowment, fully permitted 100% E25 owned, long term tenure. E52/2350 M52/1074 Granted Mining Lease Measured & Indicated Resources are the basis Simple Logistics for the 42-year Base Case -7-
Slide 8: Very simple geology equals low-cost, low impact manganese units
Very simple geology equals low-cost, low impact manganese units Classification Tonnes (Mt) Mn (%) Contained Mn (Mt) RESOURCE GROWTH POTENTIAL Resource 263 10.0 20.8 • Enough resource base for multi- Reserve 50.6 10.3 5.22 decade long expansion pathway. • Can produce concentrate, battery grade HPMSM
Slide 9: Stage 1: Project Delivery Complete – Engineering Optimisation Progressing
Stage 1: Project Delivery Complete – Engineering Optimisation Progressing Process Water Storage Tails Storage ROM Stocks Main Access Road Ore Stockpiles Feedstock for HPMSM conversion Processing Plant -9-
Slide 10: New Energy Vehicle (NEV) Demand Growing Strongly
New Energy Vehicle (NEV) Demand Growing Strongly 58% by 2040 54 million percentage of new vehicles EV passenger sales that will be EV or hybrid by 2040 from 2033 17.6M by 2040 decline emissions barrels of oil displaced from road transport by EVs each day Reference: https://about.newenergyfinance.com
Slide 11: Market Response is Dramatic
Market Response is Dramatic The EV transition is no longer a concept, it is well underway and accelerating. Mn Reference: CIC energiGUNE - 11 -
Slide 12: If not manganese, then what?
If not manganese, then what? Global mined cobalt output (Kt) • Manganese is the cheapest, most abundant of the NMC cathode materials (Ni,Mn,C). • Nickel and cobalt have supply and ethical constraints, manganese does not1. 58% by 2040 54 million • Drop-off in supply post 2025. percentage of new vehic
Slide 13: If not manganese, then what?
If not manganese, then what? • VW, Tesla and Stellantis have announced moves to high manganese cathodes. Manganese: 17% of • High manganese means better energy Material 2% of Cost density and lower cost. (NMC 622) • Transition will require large volumes of high purity manganese sulphate (HPMSM). Hig
Slide 14: Our Goal – Zero Carbon High Purity Manganese
Our Goal – Zero Carbon High Purity Manganese… Stage 1 First production of manganese concentrate to sell to manganese alloy manufacturers Multi-stage growth Stage 2 potential Expansion of the concentrate production to produce manganese feedstock to convert to MnSO4 Stage 3 Establishing a conversion f
Slide 15: Low cost, efficient HPMSM process – significant improvements
Low cost, efficient HPMSM process – significant improvements… The Element 25 Process makes significant changes & improvements… Problems with Current Technologies • Large volumes of waste residues • Toxic Reagents • Inefficient • Higher Cost • Outdated processing technology Reagents/Cost Carbon Emiss
Slide 16: Feasibility Study
Feasibility Study • • Modular, multi-stage growth strategy. Volumes tailored to demand growth. MnSO4 Mn25 Mn25 • Development strategy flexibility. • Supports supply chain diversity. 50,000 t/a Carbon Intensity Waste Residue expanding over time via Compared to leaching of Co-products consumed in • La
Slide 17: Design One Build Many
Stage 3 Processing Location Optionality – Multiple Plant Potential EU US KR Mn Concentrate Feedstock (33% Mn): Up to 1M tonnes per annum Feasibility Study Base Case: Malaysia. manganese concentrate production planned at the Butcherbird Project in Western Australia. MY • E25 manganese concentrate is
Slide 18: Inflation Reduction Act 2022 – What's Changed?
Inflation Reduction Act 2022 – What’s Changed? Summary of Impacts on Battery Supply Chains • Regulations effective from January 1, 2025 • Requirement for 40% of battery materials to be sourced from north American or allied countries from 2024 • Increasing to 80% by 2026. • Allied countries include A
Slide 19: Production Plant – Location Optionality
Production Plant – Location Optionality Base Case - Malaysia US Advantages: • Established industrial precinct • Local reagent supply • Lower construction cost • Available skilled labour pool • Excellent logistics optionality • Proximity to Asian markets • Land application in approval MY Location Stu
Slide 20: Targeting Zero Carbon Manganese – ESG is integral to our thinking
Targeting Zero Carbon Manganese – ESG is integral to our thinking Sustainable extraction Sustainable Extraction Renewable energy Low-carbon processing Fuel cell haulage Carbon offsets Targeting Zero Carbon Manganese Renewable Energy Other potential pathways that Element 25 is investigating: Powered
Slide 21: Partnering with Circulor for Supply Chain Transparency & ESG Accounting
Partnering with Circulor for Supply Chain Transparency & ESG Accounting The First ESG Transparent Manganese Supply Chain • Circulor’s platform will underpin real-time traceability of Element 25’s (E25) manganese products. The partnership plays a critical role in E25’s strategic pathway to Zero Carbo
Slide 22: Our Strategic Vision
Our Strategic Vision… Stage 1 Stage 2 Stage 3 Stage 4 365Kt per annum 1 Mt per annum High Purity Mn MnSO4 Expansion In production, optimising Engineering optimisation FS study scheduled Long term - multiple process in progress, startup 2023 for completion 2022 HPMSM modules globally 1 year plan 3 ye
Slide 23: Thank you
Thank you For more information, please contact Element 25 Limited: +61 8 6375 2525 admin@e25.com.au www.element25.com.au ASX:E25
Slide 24: Reserves and Resources
Reserves and Resources Maiden Ore Reserve1 Category Tonnes (Mt) Mn (%) Contained Mn (Mt) • 89% conversion of measured Proved 14.4 11.5 1.65 and indicated resources to Probable 36.2 9.8 3.56 reserve. Total 50.6 10.3 5.22 • Maiden Reserve only exploits Global Mineral Resource2 approximately 20% of glo
Slide 25: Competent Person's Statement
Competent Person’s Statement The information in this presentation that relates to Exploration Results is based on information compiled by Mr Justin Brown who is a full-time employee of the Company and is a member of the Australasian Institute of Mining and Metallurgy. Justin Brown has sufficient exp