Pls Group Limited · ASX:PLS
Pls — Shareholder Meeting (November 2019)
18 slides from Pls's shareholder meeting presentation, Nov 21, 2019
Slide 1: Pilgangoora, a world-class lithium and tantalum production center
Pilgangoora, a world-class lithium and tantalum production center Annual General Meeting – 21 November 2019 Ken Brinsden, Managing Director and CEO ASX: PLS
Slide 2: Important Notices and Competent Persons Statement
Important Notices and Competent Persons Statement Not an Offer of Securities This document has been independently prepared by Pilbara Minerals Limited (“Pilbara”) and is dated 21/11/2019. This document is provided for informational purposes and does not constitute or contain an offer, invitation, so
Slide 3: Important Notices and Competent Persons Statement
Important Notices and Competent Persons Statement U.S. Securities Laws Any securities issued by Pilbara have not been and will not be registered by Pilbara under the United States Securities Act of 1933 (“U.S. Securities Act”). Accordingly, such securities may not be offered or sold in the United St
Slide 4: Sustainability
Sustainability Contribute to a sustainable future through responsible operations and ethical business practices that deliver economic returns for our shareholders, while creating shared value in the community Safety Social Environment • ‘Safety Matters’ is core to • Procured $16M of goods from • No
Slide 5: 2018 - 2019 highlights
2018 – 2019 highlights An exceptional year as we went from developer to producer and established our position in the global lithium supply chain Official opening of the AU$132.4M Completion of Pilgangoora received from product sales 11 shipments containing Lithium-Tantalum 13 cargoes Project Good sa
Slide 6: Pilgangoora Lithium-Tantalum Project
Pilgangoora Lithium-Tantalum Project One of the largest spodumene-tantalite resources in the world • Production ramp-up well advanced • Products shipped ‐ ~6% spodumene concentrate ‐ +5% and +30% tantalite concentrates • Improved plant performance and product recovery • Short-term production moderat
Slide 7: Production update
Production update • Campaign mining and processing programs underway • Material improvement in product recovery performance following the most recent plant modifications: - 60% lithia recovery1 achieved for the December quarter to date, inclusive of all commissioning, optimisation and ramp-up/down p
Slide 8: Exceptional growth opportunity
Exceptional growth opportunity A clear expansion pathway to meet customer growth requirements over time UPSTREAM DOWNSTREAM STAGE 1: 2MTPA STAGE 2: 5MTPA STAGE 3: 7.5MTPA* POSCO JV STAGE: STAGE: STAGE: STAGE: STAGE: Operations DFS and conditional FID complete Proposed subject to market Binding Term
Slide 9: Pilbara Minerals - connected to the entire supply chain
Pilbara Minerals - connected to the entire supply chain Chemical Pre-Cursor Converters Cathode Cells & Li Resource EVs Cathode Material Battery Packs Battery Grade Material LiOH / LC * * 9 *Potential PLS JV partners
Slide 10: Proposed POSCO JV
Proposed POSCO JV Very important strategic relationship with POSCO for participation in the rapidly developing South Korean lithium ion battery market • Up to 30% JV in chemical conversion facility in South Korea with the capacity of 40ktpa (LCE basis) • Facility to apply Posco’s PosLX technology fo
Slide 11: CATL strategic benefits
CATL strategic benefits New strategic relationship with a strong, experienced, global partner Combines CATL’s downstream battery and market expertise with Pilbara Minerals’ expertise in upstream lithium mining operations Further diversifies Pilbara Minerals’ strategic shareholder base, adding a batt
Slide 12: Hard rock lithium supply: key to future battery production
Hard rock lithium Lithium raw materials supply: key to future Hard rock mining Brine operations battery production BATTERY SUPPLY CHAIN Spodumene concentrate Lithium carbonate Its ability to be directly converted into lithium hydroxide makes hard Lithium hydroxide rock supply more cost competitive a
Slide 13: Sustainability
VALUES PROXIMITY TO MARKET ENVIRONMENT GROWTH LOW-COST SOCIALLY RESPONSIBLE WA HARD ROCK LITHIUM IS THE FUTURE QUALITY PRODUCTS SUSTAINABILITY STABLE GOVERNANCE RELIABLE PARTNERS CONFLICT FREE DIVERSITY SAFETY 13
Slide 14: Lithium extracted from ore: the future proof solution for Volkswagen
LITHIUM EXTRACTED FROM ORE THE FUTURE PROOF SOLUTION FOR VOLKSWAGEN Lithium ore to lithium hydroxide • Commercially more attractive • More stable to extract and easier to scale • Better suited to next generation of batteries Australia the world market leader for ore-based production • Stable politic
Slide 15: Chinese spodumene convertors - 2012
Chinese spodumene convertors - 2012 Xinjiang Aba Guangsheng General Lithium Nantong Galaxy Zhangjiagang Eight facilities in operation Nike Guorun Limited export capacity Sichuan Shehong Jiangxi Ganfeng Jiangxi Jiangli 15
Slide 16: Chinese spodumene convertors - 2019
Chinese spodumene convertors - 2019 EX-CHINA new converters AUSTRALIA – 3 SOUTH KOREA - 1 Hunan & Hubei Construction: 2 - 3 Liaoning & Hebei Sichuan New operation/ New operation/ construction: 3 - 4 construction: 4 - 6 Shandong New operation: 2 - 3 Sichuan Yahua General Lithium Nantong Approximately
Slide 17: Well positioned post placement
Well positioned post placement Focus on reaching Stage 1 nameplate capacity and developing the 40ktpa lithium hydroxide conversion facility with POSCO • Strong balance sheet and enhanced financial flexibility • Supports ramp-up to name-plate capacity to achieve target operating cash costs of USD$320
Slide 18: Long term strategy to become a fully integrated lithium raw material and chemical supplier
PRODUCE GROW • Achieve annual nameplate • Increase mine life through exploration production capacity 330,000dmt of high-quality 6% • Complete studies and secure funding spodumene concentrate and for incremental Stage 2 expansion. 300,000lbs of tantalite • Commence incremental project concentrate. ex