Anax Metals Limited · ASX:ANX
Anax Metals — Investor Presentation (October 2024)
28 slides from Anax Metals's investor presentation, Oct 11, 2024
Slide 1: Whim Creek Copper Production & Processing Hub
ASX:ANX OCTOBER 2024 WHIM CREEK COPPER PRODUCTION & PROCESSING HUB For personal use only PILBARA REGION WESTERN AUSTRALIA
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by Anax Metals Limited (the Company) based on information from its own, and third-party sources and is not a disclosure document. No party other than the Company has authorised or caused the issue, lodgement, submission, despatch or provision of this pr
Slide 3: Anax Metals Overview
For personal use only ANAX METALS OVERVIEW 3
Slide 4: Fully Permitted & Established Mine Site Positioned to become the Pilbara copper hub
WHIM CREEK Fully Permitted & Established Mine Site Positioned to become the Pilbara copper hub Port For personal use only Hedland STRATEGICALLY POSITIONED PROCESSING HUB IN THE PILBARA Karratha 1 WHIM CREEK Cu-Zn PROJECT Ability to treat primary and secondary ore through concentrator and heap leac
Slide 5: Copper Project Summary
WHIM CREEK COPPER PROJECT SUMMARY Near Term Copper Production – Fully Permitted with Existing Infrastructure For personal use only Fully permitted and established mine site with approval for 1 in-pit tailings disposal. 2 Development studies confirm production of metal over an initial 8-year life. NP
Slide 6: Growth - The Benefits of Consolidation
GROWTH - THE BENEFITS OF CONSOLIDATION Ideally positioned to become a copper processing hub for the Pilbara For personal use only 1 Permitted infrastructure is ideally suited for a regional processing hub. Whim Creek will have the facilities to treat oxide, transitional 2 and primary sulphides ores
Slide 7: Production Hub – Leveraging Whim Creek Infrastructure
PRODUCTION HUB – LEVERAGING WHIM CREEK INFRASTRUCTURE Centralised processing hub capable of treating a range of base metal ores to drive production growth For personal use only Joint Study of Sulphur Springs with Develop Global1 Base Metal Alliance with GreenTech Metals2 Base Metal Alliance with Art
Slide 8: Exploration – Immediate Organic Growth
WHIM CREEK EXPLORATION – IMMEDIATE ORGANIC GROWTH Located in the highly prospective Archaean granite- Salt Creek 1 greenstones of the Pilbara region, encompassing the width For personal use only of the Whim Creek Greenstone Belt. Near mine extensions to known copper-zinc-lead VMS 2 resources remain
Slide 9: Exploration Evelyn South Target
WHIM CREEK EXPLORATION 1 Evelyn South Target • 1.5km of untested event horizon under thin cover For personal use only • Previous drilling targeted magnetic highs, but Evelyn deposit not associated with peak magnetism • Previous drilling at southern edge of horizon intersected 2m @ 0.62% Cu, 0.77% Zn
Slide 10: Exploration Mons Cupri South Deposit
WHIM CREEK EXPLORATION Mons Cupri 1 Mons Cupri South Deposit • Located ~1km south of Mons Cupri Pit For personal use only • Mons Cupri is the biggest VMS deposit discovered at Whim Creek to date with a current JORC 2012 Resource > 5Mt • The Mons Cupri host stratigraphy (Cistern Formation) dips to th
Slide 11: Exploration Salt Creek
WHIM CREEK EXPLORATION 1 Salt Creek • High-grade Indicated and Inferred Resource of 2.75 Mt containing For personal use only • 95,000 Tonnes Zn and 35,700 Tonnes Cu • Comprises multiple lenses with 2 main high-grade Zn-Pb-Ag-Au massive sulphide zones and Cu rich zones open down-plunge • Last extensi
Slide 12: Pursuing near term revenue opportunity
WHIM CREEK PROJECT Pursuing near term revenue opportunity For personal use only Anax is pursuing near term revenue through the production of 1 road base / aggregates from existing waste rock. 2 Working with Castle Civil Pty Ltd, to develop a business to turn waste rock into valuable products. A comm
Slide 13: Upcoming Planned Works
UPCOMING PLANNED WORKS Progressing the Whim Creek project into production and beyond 1 2 3 4 For personal use only Resource extension Third party treating Project development Project Financing drilling scoping studies works underway 2024 2025 ANAX SCHEDULE Q4 Q1 Q2 Evelyn Exploration Whim Creek base
Slide 14: Capital Structure
CAPITAL STRUCTURE Capital Structure Summary Volume ASX Code ANX (A$) Share Price History 6 Months (‘000) Share Price at 8 Oct 2024 $0.018 0.08 80,000 Market Capitalisation $12.50M 0.07 70,000 For personal use only Cash at 30 June 2024 $4.09M 0.06 60,000 Placement Proceeds (before costs) $2.54M 0.05
Slide 15: Environmental, Social and Governance
ENVIRONMENTAL, SOCIAL AND GOVERNANCE 1 2 3 For personal use only ENVIRONMENTAL SOCIAL GOVERNANCE Anax is actively pursuing a development strategy Strong community involvement Experienced and diverse board for Whim Creek including integration of Ore-sorting and Bioleaching into mining operations:
Slide 16: Whim Creek Project
For personal use only WHIM CREEK PROJECT 16
Slide 17: A Processing Hub With Sorting, Concentrator And Heap Leach Facilities
WHIM CREEK PROJECT A Processing Hub With Sorting, Concentrator And Heap Leach Facilities Whim Creek Overview Location 120 km from Port Hedland and Karratha For personal use only Mineralisation VMS Site Haul Roads, Workshops, Offices, Bore Infrastructure field, Crushing Plant, Heap and Ponds, SX and
Slide 18: Concentrator DFS
WHIM CREEK CONCENTRATOR DFS Average 10ktpa of Cu Eq production over 8-year life - $224M NPV / 54.3% IRR Concentrator DFS highlights a technically and economically CONCENTRATOR DFS3 OUTCOME UNIT 1 For personal use only robust polymetallic project and strategic processing hub with Nameplate Process Th
Slide 19: Project Open Pits
WHIM CREEK PROJECT OPEN PITS 1 MONS CUPRI DEPOSIT TOTAL: STRIP RATIO 1 2.55 Mt @ 1.09% Cu, 2 4.6 TO 1 1.29% Zn, 0.56% Pb, 29 For personal use only g/t Ag and 0.19 g/t A ORE 3 MINED STAGES 3 Produced in Month 2 4 NW Pit, Main Pit starter, Final pit WHIM CREEK DEPOSIT TOTAL: STRIP RATIO 1 720 Kt @ 1.5
Slide 20: Evelyn Growth Potential
For personal use only EVELYN GROWTH POTENTIAL 1,2 Longhole Open Stopping (bottom-up) at 20 m level spacings, 1 unconsolidated backfill 2 Open down plunge, previous hole drilled intersected 13 m @ 4.46% Cu, 3.10% Zn, 45 g/t Ag and 1.61 g/t Au from 204m 3 Production Target (Indicated + Inferred) of 58
Slide 21: Salt Creek Growth Potential
SALT CREEK GROWTH POTENTIAL 1 Underground – Salt Creek Modified Avoca mining method at 20 m level spacings, 1 unconsolidated backfill, 3-year mine life. For personal use only Production Target (Indicated + Inferred) of 962Kt @ 1.34% Cu, 2 5.40% Zn, 1.85% Pb, 45 g/t Ag and 0.27 g/t Au. 3 Reserve = 78
Slide 22: The Right Team
For personal use only THE RIGHT TEAM 22
Slide 23: Highly Experienced Board of Directors
HIGHLY EXPERIENCED BOARD OF DIRECTORS PHILLIP JACKSON Barrister and solicitor with significant legal and international corporate (Barrister and Solicitor) experience, specialising in the areas of commercial and contract law, mining and energy law and corporate governance. He has been a For personal
Slide 24: Management Team
MANAGEMENT TEAM JENINE OWEN Jenine joined Anax in 2020, where she is responsible for corporate For personal use only (BCompt, CAANZ, GAICD) risk management, financial management and financial reporting. She is a Chartered Accountant with extensive finance and commercial Chief Financial Officer exper
Slide 25: Appendices
For personal use only APPENDICES 25
Slide 26: Appendix 1: Resources and Reserves
APPENDIX 1: RESOURCES AND RESERVES RESERVES Ore Cu Zn Pb Ag Au Classification Deposit Mt % % % ppm ppm For personal use only Mons Cupri 1.06 1.46 1.58 0.68 38 0.28 Proven Sub-total 1.06 1.46 1.58 0.68 38 0.28 Mons Cupri 1.49 0.83 1.08 0.47 23 0.14 Whim Creek 0.72 1.54 1.14 0.15 7 0.06 Probable Evely
Slide 27: Appendix 4: Source Documents (Whim Creek Processing Hub)
APPENDIX 4: SOURCE DOCUMENTS (WHIM CREEK PROCESSING HUB) Company Name Source Documents Sabre Resources https://www.asx.com.au For personal use only Artemis Resources: https://www.alienmetals.uk • Carlo Castle • Munni Munni https://www.asx.com.au Develop: https://www.develop.com.au/ • Kangaroo Caves
Slide 28: Contact
For personal use only Contact: Geoff Laing (Managing Director) Address: Ground Floor West, 20 Kings Park Road E-mail: info@anaxmetals.com.au Phone: +61 8 6143 1840 Website: www.anaxmetals.com.au 28