Boab Metals Ltd · ASX:BML
Boab Metals — Investor Presentation (October 2021)
33 slides from Boab Metals's investor presentation, Oct 26, 2021
Slide 1: Sorby Hills Lead-Silver Project
For personal use only Sorby Hills Lead-Silver Project Delivering Metals for a Sustainable Future AMEC Investor Briefing 26 October 2021
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 represent the The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the ‘JORC Company’s int
Slide 3: Investment rationale
Investment rationale For personal use only The Proven The Most Conductive Pb Battery Metal The primary component of the 12V batteries Ag Metal on Earth Ideal metal for use in solar cells and the Lead found in traditional and electric vehicles Silver electronic components of electric vehicles. Austra
Slide 4: Board and management
Board and management For personal use only Experienced Board and Management with a proven track record in exploration and development. Gary Comb Simon Noon Richard Monti Andrew Parker Chairman Managing Director and CEO Non-Exec. Director Non-Exec. Director Engineer with over 30 years’ Experienced ex
Slide 5: Corporate summary
Corporate summary Share Price History For personal use only Capital structure (22 October 2021) Share Price A$0.375 / share 10.0 1.0 0.9 Shares on Issue 153 million shares Trading Volume (million shares) 8.0 0.8 Market Cap A$57 million Share Price (A$/share) 0.7 Debt Nil 6.0 0.6 0.5 Cash A$10.1 mill
Slide 6: PFS highlights
PFS highlights For personal use only The Sorby Hills PFS released in August 2020 highlights a technically robust project with impressive economics The PFS highlights the low-risk nature of the Sorby Hills Project with a well-defined large-scale Mineral Resource, conventional crush-mill-float process
Slide 7: Sorby Hills Project highlights
Sorby Hills Project highlights For personal use only Australia’s largest undeveloped, near-surface Lead-Silver-Zinc deposit. ✓ 75%/25% Joint Venture Partnership with China’s largest Lead smelter and Silver producer. ✓ Granted pre-native title mining tenements. ✓ EPA Approved for Open Pit Mine and In
Slide 8: High quality Mineral Resource estimate
High quality Mineral Resource estimate Large shallow gently dipping Resource with well defined geology For personal use only Silver Equivalent Resource amounts to 44.9Mt equates to 44.9Mt at 153 g/t Ag Eq. Excluded from PFS Mine Plan Image: Long section looking west through the Sorby Hills Resource
Slide 9: Low-risk Project with significant scope for growth
Low-risk Project with significant scope for growth For personal use only A low-risk Mine Plan underpinned by Conventional processing route producing a 92% Ore Reserves high-quality concentrate • Single stage crush and semi-autogenous grinding (SAG) followed by Sulphide and Ore Pb (%) Pb (kt) Ag (g/t
Slide 10: Effective and efficient Resource definition
Effective and efficient Resource definition For personal use only High impact drilling has maximised the value extracted from the Sorby Hills deposit Drilling by Boab Metals at Sorby Hills has delivered continued growth in Resource size and confidence. Phase I - ASX release 14 Feb 2019 Phase III - A
Slide 11: Phase V drilling program
Phase V drilling program For personal use only The Phase V Drilling Program has delivered mineralisation extensions across Sorby Hills 59 diamond drill holes targeting mineralisation not currently included in the Mineral Resource or Mining Inventory Significant results include Alpha Deposit • SHDD_0
Slide 12: Potential increase in mine size
Potential increase in mine size For personal use only Results of the Phase V drill program together with the ongoing DFS Metallurgical program will act as inputs to an investigation into the potential to expand the proposed processing capacity at Sorby Hills The Sorby Hills PFS Mine Plan comprised a
Slide 13: Regional exploration potential
Regional exploration potential For personal use only Eight Mile Creek - Exploration Licence E80/5317 Exploration Tenements 100% owned by Boab Metals covering 217 km2 of relatively underexplored tenure immediately south of Sorby Hills. • 30 km of along-strike geology highly prospective for deposits s
Slide 14: Strategic Acquisition of Manbarrum Zinc-Lead-Silver Project
Strategic Acquisition of Manbarrum Zinc-Lead-Silver Project For personal use only Boab has recently acquired a 100% interest in the Manbarrum Zinc-Lead-Silver Project Key highlights include: • Manbarrum is strategically located 25km east of the Sorby Hills Lead-Silver Zinc Project. • Mineral Resourc
Slide 15: Sorby Hills JV partnership
Sorby Hills JV partnership For personal use only Boab (75% interest) Henan Yuguang Gold and Lead Co., Ltd (25% contributing interest) • Very positive meetings have been held with Joint Venture partner Henan Yuguang Gold and Lead Co., Ltd (“Yuguang”), the largest Lead smelting company and Silver prod
Slide 16: Project financing
Project financing For personal use only Boab is well progressed on preparing the Sorby Hills Project for project financing • Boab has engaged BurnVoir Corporate Finance to advise on, analyse and arrange a project finance solution for the Sorby Hills Project. • The Company has engaged with Australia
Slide 17: Sorby Hills concentrate offtake
Sorby Hills concentrate offtake For personal use only Preliminary Soundings with Tier-1 offtakers have confirmed a strong appetite for the Sorby Hills concentrate • The purpose primary purpose of the preliminary offtake soundings was: • to build relationships between Boab a range of Tier-1 offtake p
Slide 18: Establishing deep roots within the local community
Establishing deep roots within the local community For personal use only Boab is extremely proud to be the Naming Rights Sponsor the Ord Valley Muster for 2022 and beyond. ▪ Sense of community plays a key role in economic and social well-being of stakeholders across the east Kimberley Region. ▪ The
Slide 19: The Silver & Lead Markets
For personal use only The Silver & Lead Markets Boab Metals Limited ASX:BML 19
Slide 20: Lead: An underrated battery metal
Lead: An underrated battery metal For personal use only 70% of all rechargeable battery energy storage capacity worldwide is provided by lead batteries Sorby Hills PFS Revenue Split Growth in Lead-Acid Battery Market2 475,223 t 500 50 Payable Lead 400 40 Lead A$1.4 Billion Revenue US$ billion US$32B
Slide 21: Silver: A precious metal with strong green credentials
Silver: A precious metal with strong green credentials For personal use only Silver‘s traditional role as a storer of wealth is complemented by increasing industrial demand Sorby Hills PFS Revenue Split BML Share Price vs A$ Silver Price 475,223 t 10.0 1.00 BML Trading Volume (Millions) BML Share Pr
Slide 22: Next Steps
For personal use only Next Steps Boab Metals Limited ASX:BML 22
Slide 23: Development timeline providing significant newsflow
Development timeline providing significant newsflow For personal use only On track to become a significant West Australian Lead-Silver producer in late 2023 Recent News ✓ Preliminary Offtake Soundings demonstrate strong demand for Sorby Hills Concentrate ✓ Mineral Resource Estimate Increases Measure
Slide 24: Thank you
For personal use only Thank you Simon Noon – Managing Director & CEO info@BoabMetals.com www.BoabMetals.com www.linkedin.com/company/boab-metals
Slide 25: Appendix
For personal use only Appendix 25
Slide 26: PFS capital and operating costs
PFS capital and operating costs For personal use only Capital Cost Estimate Operating Cost Estimate1 Capital Item A$M Cost Centre A$M A$/t ore A$/lb2 US$/lb2 Pre Production Mining 24.3 Mining 347 23.48 0.33 0.23 Process Plant incl. EPC fee 105.4 Processing 292 19.80 0.28 0.20 Infrastructure 20.5 G&A
Slide 27: PFS life of mine metrics
PFS life of mine metrics For personal use only Item Unit Base Case Item Unit Base Case Economic Assumptions Cash Flow Lead Price US$/t 2,095 Lead Revenue A$M 1,422.3 Silver Price US$/oz 21.10 Silver Revenue A$M 431.1 Exchange Rate A$:US$ 0.70 Gross Revenue A$M 1,853.3 Physicals Royalties A$M (69.5)
Slide 28: Mineral Resource Estimate - April 2021
Mineral Resource Estimate - 6 April 2021 For personal use only Grade Contained Metal Deposit Mt Pb Ag Pb Eq. Zn Pb Ag Pb Eq. Zn % g/t % % kt koz kt kt A 0.6 5.1 22 5.7 0.9 30 411 34 5 B 2.3 3.9 22 4.5 0.3 91 1,608 105 7 Omega 16.6 3.4 34 4.3 0.4 560 18,233 718 69 Norton 20.0 2.7 36 3.7 0.4 545 23,06
Slide 29: Current ore Reserve and PFS mine plan
Current ore Reserve and PFS mine plan For personal use only A low-risk Mine Plan underpinned by 92% Ore Reserves PFS Mining Schedule Ore Pb (%) Pb (kt) Ag (g/t) Ag (Moz) 1,200 6.0% 120 Classification Mt % kt g/t Moz 1,000 5.0% 100 Proved 6.8 4.1 275 53.0 11.5 800 4.0% Silver Grade (g/t) 80 Probable
Slide 30: Metallurgy and processing
Metallurgy and processing For personal use only Production Summary PFS Processing Schedule 500 10.0% 100 Plant Process Crush, Grind and Float 400 8.0% 80 Plant Throughput 1.5Mt p.a. '000 tonnes Silver Grade (g/t) 300 6.0% 60 Lead Grade (%) Average Feed Grade 3.6% Lead, 39.5 g/t Silver 200 4.0% 40 Av
Slide 31: Undeveloped ASX Listed Silver Resources located in Australia
Undeveloped ASX Listed Silver Resources located in Australia For personal use only Sorby Hills is among the largest undeveloped Silver Resources located in Australia 200 Contained Silver Ounces (Millions) 150 100 Sorby Hills 50 - SVL-ASX MCT-ASX RDM-ASX BML-ASX TGN-ASX IVR-ASX AML-ASX ARD-ASX WRM-AS
Slide 32: Peer Comparison Supporting Information
Peer Comparison Supporting Information For personal use only Measured Indicated Inferred Total Primary Ticker Project Stage Source Metal Mt g/t Moz Mt g/t Moz Mt g/t Moz Mt g/t Moz SVL-ASX Bowdens Feasibility Complete Silver 76.0 45 111 29.0 31 29 23.0 31 23 128.0 40 163 2020 AGM Presentation 27 Nov
Slide 33: Equivalent calculation
Equivalent calculation For personal use only The contained metal equivalence It is Boab’s opinion that all elements Metal equivalents are highly dependent on the included in the metal equivalent calculation metal prices used to derive the formula. Boab formula is based on the Sorby Hills notes that