Group 6 Metals Limited · ASX:G6M
Group 6 Metals — Investor Presentation (March 2024)
23 slides from Group 6 Metals's investor presentation, Mar 19, 2024
Slide 1: Securing long-term western supplies of Tungsten
Securing long-term western supplies of Tungsten March 2024 Ramping production at the Dolphin Tungsten Mine Large regional exploration opportunity Advancing downstream processing capability ASX:G6M The Dolphin Tungsten Mine | Corporate Company Presentation March 2024
Slide 2: Company Presentation: Tungsten Production Accelerating
COMPANY PRESENTATION Tungsten Production Accelerating The Dolphin Tungsten Mine | Corporate Company Presentation March 2024 2
Slide 3: Important Notices and Disclaimer
Important Notices and Disclaimer FORWARD LOOKING STATEMENTS Statements in this announcement may be forward looking statements. Forward looking statements can be identified by the use of forward-looking terminology such as, but not limited to, ‘may’, ‘will’, ‘expect’, ‘anticipate’, ‘estimate’, ‘would
Slide 4: Disclaimer continued
Disclaimer continued… This presentation has been prepared by Group 6 Metals Limited (“G6M”) as a summary of its Dolphin – “Dolphin Project Drilling Results April 2018” released 23 April 2018 Project. By accepting, accessing or reviewing this Presentation, you acknowledge and agree to the – “Explorat
Slide 5: Company Vision
Company Vision To become a trusted major producer of high-quality tungsten products through sustainable and innovative development of high-grade mineral resources. In Production - Producing high-grade tungsten concentrate from the highest- grade tungsten deposit in the Western world at an average gr
Slide 6: G6M Growth Phases
G6M Growth Phases High-grade, long-life mine with strategic growth opportunities. Phase 3 Year 3+ Phase 2 Year 2 - 3 Phase 1 Year 1 - 2 Growth and Expansion Target >3,500tpa of WO3 within 3 Underground Mining and Enhanced years from Dolphin Mine Metal Recovery Investigate potential acquisition H
Slide 7: Revised Mining Sequence – Goals & Objectives
Revised Mining Sequence – Goals & Objectives Revised approach to maximise cashflows and execute company vision Phase 1 Phase 2 Phase 3 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 FY 2031 FY 2032 FY 2033 FY 2034 FY 2035 FY 2036 FY 2037 Dolphin OC Underground bought forward Dolphin U
Slide 8: Life Of Mine Production Profile
Life Of Mine Production Profile Maintaining steady production over the initial 14.5-year mine life Multiple phases of mining underpinned by total probable reserves of 4.8mt Targeting average sales of > 225,000 mtu’s of WO3 pa (i.e. 2,250 tpa) over 14.5-year mine life1. Note: (1) Refer to the “Fo
Slide 9: Accelerating High Grade Ore from Open Cut Pit
Accelerating High Grade Ore from Open Cut Pit Higher grade increases production and lowers unit cost tonnes Contained WO3 in Ore Mined from Open Cut – Quarterly 1 mtu’s 250,000 140,000 120,000 200,000 100,000 150,000 80,000 100,000 60,000 40,000 50,000 20,000 - - Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 J
Slide 10: Transitioning to World Class UG Operation
Transitioning to World Class UG Operation High grade UG production targeted to commence in 2026 Commence UG development in H2 2025, with ore production targeted to start in early 2026 Over six years of high-grade production averaging 1.23% WO3 Potential to extend UG mineable resources once min
Slide 11: Increasing production from Process Plant
Increasing production from Process Plant High-grade ore brought forward, increasing early cash flow WO3 Production Volumes to Revenue - Quarterly 1 90,000 80,000 Producing high-grade concentrate at 63% WO3 80,000 70,000 70,000 60,000 Continuously improving process plant 60,000 50,000 utilisation
Slide 12: 2023/2024 NPV Comparison
2023/2024 NPV Comparison Compelling project economics with pre-tax NPV of $232,093 (including corporate overhead) Derivation of 2023 Project NPV Items (A$ 000's) Look forward NPV as at 31 March 2023 346,199 Less: Investment up to 31 March 2023 96,533 Dolphin Pre-tax 2023 Project NPV (as at 31 March
Slide 13: NPV Updated
NPV Updated Description Unit 2023 2024 Comments Waste 000's Bcm 10,508 8,307 Decreased due to overburden in advance (depletion) and re-blocking of the geology model, partially offset by inclusion of Bold Head Ore Feed 000's tonnes 4,546 4,564 Inclusion of Bold Head ore netted off by re-blocking of t
Slide 14: Enhanced Metal Recovery Opportunities
Enhanced Metal Recovery Opportunities Seeking to extract more value in a higher cost environment Sodium Tungstate Plant (ST) Evaluating plans to upgrade low-grade concentrate using an ST plant, which would replace/integrate into the back end of the existing APT plants ST plant would be used to e
Slide 15: Tungsten Market
Tungsten Market Tungsten prices remaining stable at relatively high levels. Tungsten concentrate pricing is referenced from the Ammonium Para Tungstate (APT)price published weekly by Fastmarkets, Argus and other market publications Tungsten prices have remained stable, staying well above histori
Slide 16: Tungsten: A Strategically Important Critical Mineral
Tungsten: A Strategically Important Critical Mineral A mineral of growing strategic importance Tungsten is ranked by the British Geological Surveys, various US Departments, the European Commission, Japan, Russia and Australia as a 'critical' mineral: - Due to its economic importance - Supply risk
Slide 17: Supply and Demand For Tungsten
Supply and Demand For Tungsten Estimated 4.3% growth in demand in 2023, defence a significant driver Medical / Energy Pharmaceutical Mining and Construction – Primarily used in drill bits, hammers and tunnel-boring 6% 2% 1 machines, mining and construction was the most tungsten consuming segment in
Slide 18: Offtake Agreements
Offtake Agreements Sales have commenced to established industry participants Wolfram Bergbau und Hütten AG – a world-leading supplier of tungsten powders and a subsidiary of the US$28 bn market cap Sandvik Group (STO: SAND) Traxys, a leading international physical commodity trader headquartered
Slide 19: Dolphin Mine Reserves and Resources
Dolphin Mine Reserves and Resources Long mine life with significant exploration upside to potentially extend project life Open-cut Dolphin is the first ore Indicated Resource1 body, with significant potential to extend mine life on underexplored land located on the current mining Dolphin – 9.6M tonn
Slide 20: Resource Expansion beyond Dolphin
Resource Expansion beyond Dolphin World-Class High-Grade Skarn with 9km strike length Two high grade tungsten resources discovered; - Dolphin pre-mining resource of 24.1Mt @ 0.8% W03 - Bold Head pre-mining resource of 2.9Mt @ 0.8% Maiden Reserve estimate completed for Bold Head increasing overal
Slide 21: Sustainability
Sustainability Group 6 Metals is committed to operating as a responsible and sustainable tungsten mining business within the community. We recognize the impact our operations have on the Achievements to Date environment, society, and economy, and strive to minimize our negative footprint while maxim
Slide 22: Keith McKnight, Managing Director & CEO
KEITH MCKNIGHT MANAGING DIRECTOR & CEO keithm@g6m.com.au www.g6m.com.au The Dolphin Tungsten Mine | Corporate Company Presentation March 2024
Slide 23: The Dolphin Tungsten Mine | Corporate Company Presentation March 2024
The Dolphin Tungsten Mine | Corporate Company Presentation March 2024