Imdex Ltd · ASX:IMD
Imdex — Macquarie Australia Conference 2025
32 slides from Imdex's conference presentation, May 6, 2025
Slide 1: Macquarie Australia Conference 2025 Presentation
6 May 2025 Company Announcements Office ASX Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2001 MACQUARIE AUSTRALIA CONFERENCE 2025 PRESENTATION Dear Sir/Madam Please find attached the Macquarie Australia Conference 2025 presentation to be presented later today. Yours faithfully Imdex Limited M
Slide 2: Further Information
Further Information Kym Clements IMDEX Investor Relations Officer Mobile: +61 (0) 415 181 172 Email: kym.clements@imdexlimited.com ABOUT IMDEXTM IMDEX is a leading global Mining-Tech company, which enables successful and cost-effective operations from exploration to production. The ASX listed compan
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Slide 4: Macquarie Australia Conference 2025
Macquarie Australia Conference 2025 Paul House | IMDEX MD & CEO
Slide 5: Forward Looking Statements
Forward Looking Statements This presentation may contain certain ‘forward-looking statements’ & projections provided by property risks, an inability to meet customer dem&, price & currency fluctuations, operating or on behalf of Imdex limited (IMDEX). Forward-looking statements can generally be iden
Slide 6: Unlocking the Earth's value
Our purpose as a leading global mining-tech company is to efficiently & sustainably unlock the Earth’s value. We are uniquely positioned to enable customers to find, define & mine orebodies with precision, confidence & speed. MINEPORTAL model of copper distribution in a Cu-Zn mine showing the explor
Slide 7: Capital-light, people-light global business
IMDEX is a capital-light, people- light global business, leveraging technical leadership to deliver customer value & high-margin growth. Our strong balance sheet supports strategic investment in exploration & adjacent markets, driving sustainable shareholder returns. MINEPORTAL model of copper distr
Slide 8: Presentation Overview
Presentation Overview 3Q25 Business Update Market Update Growth Strategy The power of MINEPORTAL is its ability to capture BLASTDOG geophysics sensor data from every blast hole & review it from anywhere in the world in real-time. From that data, immediate decisions can be made around mine planning,
Slide 9: 3Q25 Business Update
3Q25 Business Update Strong quarterly performance continues in a challenging market
Slide 10: 3Q25 Revenue Update
3Q25 Revenue Update Resilient revenue, with positive signs offsetting industry headwinds Global exploration drilling 3Q Revenue declined by 19% in CY24, 101.1 100.1 100.1 * plateauing into 3Q251 97.4 81.9 Resource companies have reported increased exploration budgets, albeit limited deployment in 3Q
Slide 11: Around Our Regions - Americas
Around Our Regions - Americas Strongest global growth opportunities remain USA, South America & Canada FAST-41 Program expected to ease project bottlenecks NORTH DCD project wins driving opportunity pipeline AMERICA Canada policy sentiment improving & capital raisings lifting Junior exploration acti
Slide 12: Around Our Regions – Europe & Africa
Around Our Regions – Europe & Africa Gold, copper & political policy are shaping new activity SOUTH AMERICA EUROPE Stable activity levels across the region, with continued focus on brownfield projects Activity in Scandinavia reduced, but offset by growth in Eastern Europe & the Balkans Outlook for i
Slide 13: Around Our Regions - APAC
Around Our Regions - APAC Activity lead by gold & demand for new technologies SOUTH AMERICA AUSTRALIA WA gold drilling activity steadily increasing & ASIA DCD project wins driving opportunity pipeline Continued growth in exploration activity across the PNG & Philippines is expected “ OVERALL Our key
Slide 14: Industry Participant Sentiment
Industry Participant Sentiment “ “ As management…we expect to drive further gains through the year, “ ... there have been several positive indications with respect to exploration spending, most albeit weighted to the second half. notably from the larger exploration budgets Jamie Boyton, Executive Ch
Slide 15: Market Update
IMDEX’ Market Update imdex.co
Slide 16: Industry Signals are Lining Up
Industry Signals are Lining Up We continue to see key industry macros strengthening Supply Demand Commodity Mergers & Exploration Capital Global Imbalance Prices Acquisitions Budgets Raisings Activity There is a Prices remain Typically Budgets remain Junior / Sector M&A, significant need to at level
Slide 17: Supply Demand Imbalance
Supply Demand Imbalance Significant need to replace diminishing reserves remains – this has not changed! Global Gold Supply Cliff Global Copper Supply Cliff Top 20 Global Gold Producers Projected Production from Proven & Probable Reserves 50 45 40 Millions of Troy Ounces 35 30 25 20 15 15 5 0 2023 2
Slide 18: Commodity Prices
Commodity Prices Prices support further investment Total drilled gold projects, February 2023 – March 2025 Total drilled copper projects, February 2023 – March 2025 Source: S&P Global Market Intelligence Source: S&P Global Market Intelligence IMDEX Macquarie Conference 2025 Presentation 16
Slide 19: Mergers & Acquisitions
Mergers & Acquisitions M&A slows — Gold remains a standout • The gold sector is undergoing a “ major wave of consolidation • The confidence that comes with stable, elevated with M&A activity up 35% YoY in gold prices has fundamentally changed the risk calculus for major acquisitions. Companies can Q
Slide 20: Global Exploration Budgets
Global Exploration Budgets Below historical peak – substantial headroom for growth Strong support for increased budgets, timing is key Industry macros are putting upward pressure on exploration budgets Most major producers are reporting double digit increases in exploration expenditure for CY25 to m
Slide 21: Capital Raisings
Capital Raisings Juniors & intermediates gaining balance sheet strength & stability Higher Interest Rates Continues to Weigh Down on Fundraisings Junior, Intermediate Financings, February 2023 – March 2025 Source: S&P Global Market Intelligence, January 8, 2025 Numbers above the bars are the average
Slide 22: Global Activity
Global Activity The "Amber light" remains although conditions continue to improve favourably Number of Drillholes Number of Drilled Projects Source: S&P Global Market Intelligence, April 15, 2025 Base/other metals include copper, lead-zinc, nickel, silver, platinum group metals & minor base metals.
Slide 23: Growth Strategy
Growth Strategy Beyond the exploration cycle
Slide 24: Our Strategy is Unchanged
Our Strategy is Unchanged Delivering within Core Business & gaining traction in New Business Core Business Growth New Business Growth Technology Integrated Digital IMT Leadership Solutions Business Business Targeted R&D to Focusing on optimised Building on geoscience Leveraging capabilities maintain
Slide 25: Tech-Driven productivity gains momentum
Tech-Driven productivity gains momentum “ Through our Mining Tech Accelerator, Founders Factory & Rio Tinto are partnering with startups to develop breakthrough technologies that tackle “ Think & Act Differently (TAD) We find people with the best technology solutions to support BHP's ambitions in de
Slide 26: Growth Opportunities FY26+
Growth Opportunities FY26+ Driving our growth, with substantial headroom Market Growth Upside Increased drilling activity IMDEX Growth Upside supported by: Increasing percentage of Supply demand imbalances Margin Expansion revenue from Digital Business Strengthening Growth of core business Increasin
Slide 27: IMDEX continues to perform
“ Fundamentals are aligning & the exploration downturn appears to have stabilised. The pace of recovery may be tempered by prolonged cost pressures, regulatory complexity, & geopolitical uncertainty, all of which also present opportunities for IMDEX. Despite this, IMDEX continues to perform — driven
Slide 28: Additional Notes & Appendices
Additional Notes & Appendices
Slide 29: Our Board of Directors
Our Board of Directors Committed To Driving Sustainable Growth Anthony Paul Sally-Anne Tracey Trace Uwa Wooles House Layman Horton AO Arlaud Airhiavbere Non-Executive Chief Executive Officer Non-Executive Non-Executive Non-Executive Non-Executive Chairman & Managing Director Director Director Direct
Slide 30: Our Executive Leadership Committee
Our Executive Leadership Committee Paul House Linda Lim Michelle Carey Kiah Grafton John Hickey Managing Director & Chief Financial Officer Chief Strategy Officer Chief People Officer Chief Technology Officer Chief Executive Officer Dave Lawie Shaun Southwell Shane Plant Michael Tomasz Wayne Panther
Slide 31: Corporate Calendar
Corporate Calendar Key Dates 25 August 2025 Release of FY25 Full Year Results 25 – 29 August 2025 FY25 Roadshow 16 October 2025 FY25 Annual General Meeting & 1Q26 Update IMDEX Macquarie Conference 2025 Presentation 29
Slide 32: Thank you.
Thank you. CONFIDENTIAL: FOR CUSTOMER INTERNAL CONSIDERATION ONLY. This presentation has been prepared by IMDEX LIMITED (‘THE COMPANY’). It contains general background information about the company’s activities & forward-looking statements based on information known to date & subject to various risk