Slide 1: Wodgina Site Tour Presentation
Wodgina Site Tour Presentation 25 October 2018 1
Slide 2: Introduction to Mineral Resources
Introduction to Mineral Resources An innovative and leading mining services company with a growing portfolio of mining services and mining operations across multiple commodities • An Australian based ASX listed company • Provides mining services across 30 sites and different commodity groups, ensuri
Slide 3: Occupational health & safety
Occupational health & safety Safety is embedded in our culture and is fundamental to our future success – delivery 1of our safety objectives is a core value and a clear expectation from our senior management Total Recordable Injury Frequency Rate (TRIFR) 16.00 14.52 14.00 TRIFR 2.491 12.00 Top 5 ASX
Slide 4: The key to our success – we are a mining services organisation
The key to our success – we are a mining services organisation The foundation of our business has been built from a strong work ethic. We are contractors at heart. This drives our capability and success across our business in dealing with commodities and ore bodies Our business consists of three are
Slide 5: Mining Services
Mining Services MRL is Australia’s leading provider of diversified mining services and the largest specialist crushing contractor company in the world MINING SERVICES SUPPLY CHAIN INFRASTRUCTURE INNOVATION • Delivers annuity style earnings • Creating innovative mining equipment with • Strategic port
Slide 6: Commodities
Commodities MRL business model is to acquire ownership/joint ownership of undeveloped ore bodies, fund the mine design, development and secure the life-of-mine contract for full pit-to-end customer services LITHIUM Lithium IRON ORE PROJECT PIPELINE • 100% owner of Wodgina: the world’s largest • Sout
Slide 7: Business model
Business model MINERAL RESOURCES Develop Project OURCORE °¢ BUSINESS a ~ Open Pit Mining ~ Contract Crushing (800) ~ Mineral Processing, ~ Road & Rail Bulk Haulage - Port Operations / Allocations Site Services - Energy Marketing and Shipping * Provide BOO development and services --- * Ownership as
Slide 8: Operational footprint
Operational footprint MRL provides mining services across 30 sites and different commodity groups 8
Slide 9: Wodgina Lithium Project – a premium tier one asset
Wodgina Lithium Project – a premium tier one asset Wodgina is the largest known hard rock lithium deposit in the world WODGINA • 100% owned by MRL • MRL has life of mine, mining services contract WODGINA DEVELOPMENT TIME-LINE August 2016 Completed acquisition of Wodgina mine February 2017 Commenced
Slide 10: Wodgina Lithium Project – Overview of lithium resource
Wodgina Lithium Project – Overview of lithium resource Wodgina is at the epicenter of the Pilbara hard rock lithium province WODGINA ORE BODY • Ore body approximately 1.8km by 1.2km by > 500 deep • We have drilled 8 holes below 500m, as deep as 620m, all in ore and above average grade4 • Conservativ
Slide 11: Wodgina Lithium Project - Assets
Wodgina Lithium Project - Assets WODGINA LITHIUM PTY LTD MRL LIFE OF MINE CONTRACT Wodgina ore body • Mineral rights to all lithium on Wodgina tenements Gas pipeline • 81km, 10 inch pipeline Drill & Blast • Mining operations designed to supply circa 5.65Mtpa of • 32 x 2MW gas gensets totalling 64MW
Slide 12: Wodgina Lithium Project - Site infrastructure map
Wodgina Lithium Project - Site infrastructure map The below illustrates the site layout of existing and planned major site infrastructure 10Mtpa crusher 3 stage crushing 14MW gas power station 750ktpa (dry) Upgrading to 64MW spodumene concentrate plant Delivered in 3 620-room 250ktpa modules, accomm
Slide 13: Wodgina Lithium Project – Spodumene concentrate construction schedule
Wodgina Lithium Project – Spodumene concentrate construction schedule In March 2018 we commenced onsite construction of essential non-process infrastructure services and utilities assets, a new crushing plant and a new 750Ktpa (dry) spodumene concentrate beneficiation plant that will produce 6% spod
Slide 14: Peer comparison of hard rock lithium deposits
Peer comparison of hard rock lithium deposits Resource Tonnes 400 350 337 300 259 Resource (Mt, 100% basis) 250 226 200 189 150 136 120 103 100 78 44 51 40 43 50 33 35 20 21 10 12 0 Notes: • For MRL figures refer to slide 31, FY18 Results Information ASX release, 15 August 2018 and ASX company annou
Slide 15: Wodgina – a tier one asset on a global scale
Wodgina – a tier one asset on a global scale Wodgina will be one of the largest producers of spodumene concentrate in Australia Current Concentrate Plant Capacity (2019) – ASX listed peers JORC Resource – ASX listed peers 900 300 750 2591 250 213 600 200 189 ktpa, dry Resource (Mt) 450 150 365 330 3
Slide 16: Wodgina Lithium Project – Update on minority sale process
Wodgina Lithium Project – Update on minority sale process MRL will only divest if it is to a partner that can add value to Wodgina and if the transaction is in the best interests of our shareholders • We have received expressions of interest from local and global companies interested in acquiring a
Slide 17: Our view on lithium
Our view on lithium We take a long-term view of the lithium market • Although there has been publicity surrounding falling lithium carbonate prices; the globally traded (external of China) volume weighted lithium carbonate price in January 2018 was US$13,600/dmt versus US$16,300/dmt in July 20181, d
Slide 18: Appendix
Appendix Wodgina Total Mineral Resource Estimate: Wodgina Hard Rock Ore Reserve Estimate: October 2018 Update RESERVE Cutoff Tonnes Li2O Fe Al2O3 SiO2 Ta2O5 CLASSIFICATION Li2O% (Millions) % % % % % PROBABLE 0.50 151.94 1.17 1.49 15.65 72.10 0.017 TOTAL 0.50 151.94 1.17 1.49 15.65 72.10 0.017 Deplet
Slide 19: Disclaimer
Disclaimer: This presentation has been prepared by Mineral Resources Limited (“MRL” or “the Company”).It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities.
Slide 20: www.mineralresources.com.au
OFFICE: 1 Sleat Road, Applecross, WA 6153 PO. Locked Bag 3, Canning Bridge, Applecross, WA 6153 P +61 8 9329 3600 F +61 8 9329 3601 www.mineralresources.com.au 20