Element 25 Limited · ASX:E25

Element 25 — Montezuma Mining Company — 121 Mining Investment Hong Kong 2018

16 slides from Element 25's conference presentation, April 2018

  1. Slide 1: Project Update

    MONTEZUMA MINING COMPANY LTD 121 Mining Investment Hong Kong, April 2018 PROJECT UPDATE Developing Australia’s Largest Onshore Manganese Resource Producing Low Cost, Low Emissions, High Purity Manganese WORLD CLASS INNOVATIVE HIGH PURITY HIGH VALUE MANGANESE RESOURCE PROCESSING MANGANESE PRODUCTS

  2. Slide 2: Disclaimer

    Disclaimer This presentation contains only a brief overview of Montezuma Mining Company Ltd and its associated entities (“Montezuma") and their respective activities and operations. The contents of this presentation, including matters relating to the geology of Montezuma’s projects, may rely on vari

  3. Slide 3: Corporate Overview: Tight Capital Structure, Strong Balance Sheet

    CORPORATE OVERVIEW Tight Capital Structure Strong Balance Sheet Financial Information Share Price Performance ASX Ticker MZM Shares on Issue 83.5M Share Price $0.28 Market Capitalisation $23.4M Cash & Investments (31 March 18) ~10M Debt Nil Enterprise Value ~$13.4M Top 20 Shareholders ~67% 2017 2018

  4. Slide 4: Manganese Market – High Purity Is High Value

    MANGANESE MARKET – HIGH PURITY IS HIGH VALUE A premium product Main Products: High purity manganese makes up; § Electrolytic Manganese Metal (EMM) § ~10% of the global manganese market by volume; but § Electrolytic Manganese Dioxide (EMD § Manganese Sulphate (MnSO4) § ~40% of the global manganese ma

  5. Slide 5: Manganese Market – Strong Growth Expected

    MANGANESE MARKET – STRONG GROWTH EXPECTED Reference: Metal Bulletin Commissioned Manganese Market Report April 2018

  6. Slide 6: Butcherbird Manganese Project

    BUTCHERBIRD MANGANESE PROJECT § Australia’s largest onshore manganese deposit. § >180 Mt of manganese ore1. BUTCHERBIRD § Excellent local infrastructure. MANGANESE DEPOSIT § 100% owned by Montezuma. § Low risk mining jurisdicEon. § Mining Lease ApplicaEon lodged February 2018. § Scoping Study comple

  7. Slide 7: World Class Manganese Resource

    BUTCHERBIRD MANGANESE DEPOSIT World Class Manganese Resource Prospect Tonnes Mn (%) SiO2 (%) Fe (%) P2O5 (%) Al2O3 (%) (Mt) Yanneri Ridge Inferred 48.0 10.7 43.0 11.1 0.262 10.7 Indicated 22.5 12.0 43.8 11.6 0.297 10.6 Additional Deposits Inferred 110.3 10.6 44.4 11.9 0.3 11.0 Total 180.8 10.8 43.9

  8. Slide 8: Simple Geology/Favourable Infrastructure

    BUTCHERBIRD MANGANESE DEPOSIT Simple Geology/Favourable Infrastructure T 550km POR HEDLAND BITU MEN HIGH GOLDF WAY IELDS GAS TL T AN O R E PIPELIN EM m P FR 5 0 k 10 E

  9. Slide 9: Very Simple Geology, Favourable Infrastructure

    BUTCHERBIRD MANGANESE DEPOSIT Very Simple Geology, Favourable Infrastructure Ore starts at surface, low strip ra1o of 0.2:1 ▶ Low mining cost. Gas pipeline; Manganese orebody ▶ Low energy cost • Starts at surface • Low strip ratio • Low cost mining Bitumen highway; ▶ Low infrastructure cost Containe

  10. Slide 10: Every once in a while, a new technology, an old problem, and a big idea

    “Every once in a while, a new technology, an old problem, and a big idea turn into an innovation.” Dean Kamen, Inventor

  11. Slide 11: Breakthrough Technology

    BUTCHERBIRD MANGANESE DEPOSIT Breakthrough Technology § CSIRO developed flowsheet produces high purity battery grade manganese. § Products include Electrolytic Manganese Dioxide (“EMD”), Metal (“EMM”), and manganese sulphate (batteries and fertiliser). § High purity manganese is a high value product

  12. Slide 12: Key Differentiators

    BUTCHERBIRD MANGANESE DEPOSIT Key differentiators Butcherbird Project1 Current Producers (China/South Africa) § Lower cost ore mined at surface § Requires high grade imported manganese ore or very low grade § Fast leach at ambient temperature and domestic ore – both expensive. atmospheric pressure.

  13. Slide 13: Key Project Variables/Sensitivities

    SCOPING STUDY TO ASSESS PROJECT ECONOMICS Key Project Variables/Sensitivities n SCALE: ¨ Very large resource means optimal scale is not limited by resource size ¨ Study will assess production volumes from 100Kt (potential mine life ~180 years) to 1Mt (potential mine life ~18 years). n POWER SOLUTION

  14. Slide 14: Investment Case Summary

    WHY MONTEZUMA? Investment Case Summary n World class, very large manganese deposit makes the project eminently scalable. n Technology breakthrough on processing. WORLD CLASS RESOURCE n Simple geology and flowsheet. n Strong demand growth forecast from conven?onal end users and the ba@ery revolu?on. n

  15. Slide 15: Montezuma to become Element 25 Limited

    Montezuma to become “Element 25 Limited” n Subject to shareholder approval at a general meeting scheduled for 4 May 2018, Montezuma Mining Company Ltd will change it’s name to “Element 25 Limited” n New ASX code proposed to be ”e25”. n New website address to be “element25.com.au”. n Pending sharehol

  16. Slide 16: Competent Person's Statement

    COMPETENT PERSON’S STATEMENT Note: The information in this presentation that relates to Exploration Results, Exploration Targets and Mineral Resources 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 Minin

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