Pls Group Limited · ASX:PLS
Pls — Pilbara Minerals — Shareholder Meeting (November 2018)
31 slides from Pls's shareholder meeting presentation, Nov 28, 2018
Slide 1: Pilgangoora: discovery to product shipment in under four years
Pilgangoora: discovery to product shipment in under four years For personal use only Corporate Presentation – Annual General Meeting, November 2018 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 28/11/2018. 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 Not Financial Product Advice This document does not constitute financial product advice or take into account your investment objectives, taxation situation, financial situation or needs. This document consists purely of factual information and does n
Slide 4: Pilgangoora Lithium-Tantalum Project
Pilgangoora Lithium-Tantalum For personal use only Exploration Project One of the largest spodumene- tantalite resources in the world Construction • 100% ownership • Stage 1, 2Mtpa processing plant • LOM Stage 1 production of 330,000tpa concentrate • Established transport and port infrastructure • P
Slide 5: Pilbara Minerals – Delivering on Project Execution
Pilbara Minerals – Delivering on Project Execution Stage 2 DFS/FID For personal use only PFS (2Mtpa Stage 1 Complete Resource DFS (2Mtpa) and 4/5Mtpa) Project Near-term Growth Complete Complete Production Production Growth to +100kt LCE Resource Estimation Project Definition Detailed Design and Proj
Slide 6: Pilgangoora - the journey so far
Pilgangoora - the journey so far For personal use only Click here to watch the Pilgangoora project timelapse video Pilgangoora Project Development – Timelapse Video 6 Video – Pilgangoora Project Development Timeline
Slide 7: Production and cash-flow today
Production and cash-flow today…. Flagship Pilgangoora Lithium-Tantalum Project – from For personal use only first drill hole to commissioning in under four years • Long project life, low cost, high quality product • Regular spodumene concentrate shipments underway • +6% Li2O, low-iron • Regular tant
Slide 8: Processing at the Pilgangoora project video
For personal use only Click here to watch processing at the Pilgangoora project 8
Slide 9: Pilgangoora site - production metrics
Pilgangoora site - production metrics For personal use only First shipment average grade: Lithia ≈ 6.2% Fe2O3 ≈ 0.7% Second shipment average grade: Lithia ≈ 6.3% Fe2O3 ≈ 1.2% Shipment 3 currently loading in port Units Q2 FY18 Q3 FY18 Q4 FY18 Q1 FY19 Ore Mined wmt 0 0 344,549 525,559 Waste Mined wmt
Slide 10: Process plant performance
Process plant performance Throughput, actual vs design For personal use only Spodumene concentrate production Plant commissioning and rapid ramp-up in production capacity Proven plant sub-components and overall plant capacity Very high product quality produced and shipped Focus on lithia recovery an
Slide 11: Process plant performance: lithia recovery
Process plant performance Lithia recovery, actual vs design (% Lithia) For personal use only Post commissioning and the run-up in plant capacity, focus turns to lithia recovery improvements and • Late Sept, early-mid Oct lithia recovery was impacted by plant run-time: • process water clarity (pond s
Slide 12: Stage 2, 5Mtpa expansion
Aerial photograph of current construction progress w/- Stage 2 3D model overlay Stage 2, 5Mtpa expansion For personal use only DFS results and offtake partner confidence support major project expansion • Additional 3Mtpa processing circuit to increase processing capacity to 5Mtpa • Average annual pr
Slide 13: Global lithium chemicals pricing
Global lithium chemicals pricing Source: FastMarkets MB For personal use only China domestic pricing in 2018 impacted by; - Central Government Battery subsidy restructure, and - Additional low-grade domestic brine production. China domestic pricing appears to have stabilised Ex-China pricing has rem
Slide 14: Pilbara Minerals - connected to the entire supply chain
Pilbara Minerals - connected to the entire supply chain For personal use only Chemical Pre-Cursor Converters Cathode Cells & Li Resource EVs Cathode Material Battery Packs Battery Grade Material LiOH / LC * * * 14 *Potential PLS JV partners
Slide 15: Proposed Pilbara Minerals - POSCO JV
Proposed Pilbara Minerals - POSCO JV Future participation in the rapidly developing Korean lithium ion battery market through a jointly owned lithium chemicals plant For personal use only • Spodumene sales into the Korean market Gwang-Yang PosLX Demo Plant Downstream under operation • 30kt LCE facil
Slide 16: One of the best lithium raw material projects in the world
One of the best lithium raw material projects in the world - High grade lithium resources For personal use only Low cost - Valuable tantalum bi-product - Significant project size and processing capacity - Stage 2, 5Mtpa, 23 year mine life - Mineral Resource 226Mt grading 1.27% Li2O (spodumene) and 1
Slide 17: pilbaraminerals.com.au
For personal use only pilbaraminerals.com.au
Slide 18: Additional Information
For personal use only Additional Information 18
Slide 19: Corporate overview: Capital structure
Corporate overview Capital structure ASX: PLS Current share price1 A$0.83 For personal use only Shares on issue 1,744 million Options on issue2 55 million Market capitalisation1 A$1.45 billion Cash at bank3 A$90.6M Top 20 shareholders (as at 28 September 2018) 37.4% 3 month average daily volume4 ~8M
Slide 20: Experienced board of directors
Experienced board of directors For personal use only Tony Kiernan Ken Brinsden Nick Cernotta Sally-Anne Layman Steve Scudamore Non-Executive Chairman Managing Director & CEO Non-Executive Director Non-Executive Director Non-Executive Director Highly experienced company Mining engineer with over 25 y
Slide 21: Resources and reserves
Resources and reserves For personal use only JORC Mineral Resource Estimate - September 2018 (using 0.2% Li2O cut off grade) Tonnage Li2O Ta2O5 Li2O Ta2O5 Factored Category (Mt) (%) (ppm) (T) (Mlbs) Fe2O3 (%) Measured 22.8 1.38 145 314,000 7.3 0.44 Indicated 112.8 1.29 119 1,456,000 29.5 0.57 Sub-to
Slide 22: Pilgangoora processing
Pilgangoora processing Spodumene and tantalite concentrate recovery For personal use only • Spodumene concentrate contains lithium in the form of lithia (Li2O), recovered at the mine via the concentrator: • 2-stage heavy media separation for coarse spodumene concentrate, and • oxide flotation for fi
Slide 23: Pilgangoora – a globally significant hard rock lithium resource
Pilgangoora – a globally significant hard rock lithium resource For personal use only 23
Slide 24: ….with exceptional growth tomorrow
….with exceptional growth tomorrow Pilgangoora Lithium-Tantalum Project – a globally For personal use only significant hard rock lithium resource • Stage 2, 5Mtpa expansion DFS released, 150% increase in production • +100,000 tonnes LCE basis • Positioned to be in the top 3 lithium raw material prod
Slide 25: Strong offtake partners committed to Stage 1 and 2 production
Strong offtake partners committed to Stage 1 and 2 production For personal use only Major producer of lithium chemicals in China Biggest steel producer in South Korea • Highly experienced with more than 15 years of • Listed on KSX, market cap US$29.5B operational and technical know how • Largest pro
Slide 26: Offtake for 100% of Stage 1 and 2 of Pilgangoora
Offtake for 100% of stage 1 and 2 of Pilgangoora Pilbara Mining Minerals For personal use only (SC 6.0) Stage 1 Stage 1 = ≈43Ktpa LCE Stage 2 Spodumene 300kt-350ktpa 500kt-550ktpa Production Stage 1+2= >110ktpa LCE 2018 2020 General Ganfeng Ganfeng Lithium Great Wall POSCO Spodumene Lithium Motors 8
Slide 27: Pilbara Minerals / POSCO
Pilbara Minerals / POSCO POSCO agreements announced on 28 February 2018 close out the remaining uncommitted Stage 2 production For personal use only • Binding offtake agreement for an initial 80,000tpa of 6% spodumene concentrate from Stage 2 production for the Pilgangoora Life of Mine. • Immediate
Slide 28: Pilbara Minerals / POSCO
Pilbara Minerals / POSCO • Pilbara Minerals to be a 30% participant in a Downstream Joint Venture (DSJV) with POSCO (at Pilbara’s election), to For personal use only develop and operate a 30,000tpa LCE lithium hydroxide/ lithium carbonate conversion plant in South Korea Pilbara Minerals POSCO • POSC
Slide 29: Pilgangoora project overview
Pilgangoora project overview For personal use only Plant Commissioned Calindi Camp Monster Pit Central ROM 29
Slide 30: First spodumene concentrate shipment
First spodumene concentrate shipment For personal use only 30
Slide 31: Pilgangoora processing plant
Pilgangoora processing plant For personal use only 31
Pilbara Minerals — Shareholder Meeting (November 2018) on 6ix