Anax Metals Limited · ASX:ANX
Anax Metals — Investor Presentation (May 2025)
27 slides from Anax Metals's investor presentation, May 6, 2025
Slide 1: Whim Creek Copper Production & Processing Hub
ASX:ANX MAY 2025 WHIM CREEK COPPER PRODUCTION & PROCESSING HUB For personal use only PILBARA REGION WESTERN AUSTRALIA
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by Anax Metals Limited (the Company) based on information from its own and third-party sources and is not a disclosure document. No party other than the Company has authorised or caused the issue, lodgement, submission, despatch or provision of this pre
Slide 3: Equity Funding Overview
ANAX METAL LIMITED For personal use only EQUITY FUNDING OVERIEW
Slide 4: ANX & MDP Funding Package Summary
ANX & MINERAL DEVELOPMENT PARTNERS PTE LTD (MDP) FUNDING PACKAGE SUMMARY $3.3M convertible note has been agreed at a 200% premium closing share price at 30 April 2025 and conditional funding package of up to $103m package subject to FIRB and shareholder approval CONVERTIBLE NOTE: For personal use on
Slide 5: Whim Creek Project and Processing Hub
ANAX METAL LIMITED For personal use only WHIM CREEK PROJECT AND PROCESSING HUB
Slide 6: Anax Metals – The Platform for Pilbara Copper
ANAX METALS – THE PLATFORM FOR PILBARA COPPER Anax is planning to deliver a significant Copper Hub in the Pilbara For personal use only THE OPPORTUNITY Compelling opportunity to invest in a fully permitted copper mine, with existing infrastructure in a renowned safe mining jurisdiction, with a view
Slide 7: Whim Creek Copper Project Summary
WHIM CREEK COPPER PROJECT SUMMARY Near Term Copper Production – Fully Permitted with Existing Infrastructure FULLY PERMITTED An established mine site with approval for in-pit tailings disposal. For personal use only DEVELOPMENT STUDIES ANX confirms production of metal over an initial 8-year life. NP
Slide 8: Whim Creek Project: A Processing Hub
WHIM CREEK PROJECT A Processing Hub With Sorting, Concentrator And Heap Leach Facilities Whim Creek Overview Location 120 km from Port Hedland and Karratha For personal use only Mineralisation VMS Site Infrastructure Haul Roads, Workshops, Offices, Bore field, Crushing Plant, Heap and Ponds, SX and
Slide 9: Growth - The Benefits of Consolidation
GROWTH - THE BENEFITS OF CONSOLIDATION Ideally positioned to become a copper processing hub for the Pilbara FULLY PERMITTED For personal use only Is ideally suited for a regional processing hub. WHIM CREEK FACILITIES Treat oxide, transitional and primary sulphides ores from surrounding orebodies (mi
Slide 10: Production Hub – Leveraging Whim Creek Infrastructure
PRODUCTION HUB – LEVERAGING WHIM CREEK INFRASTRUCTURE Centralised processing hub capable of treating a range of base metal ores to drive production growth For personal use only Joint Study of Sulphur Springs with Develop Global1 Base Metal Alliance with GreenTech 8.7Mt @ 0.7% Cu and 1.3 g/t Au Metal
Slide 11: Pursuing Near Term Revenue Opportunity
WHIM CREEK PROJECT Pursuing near term revenue opportunity NEAR TERM REVENUE For personal use only Anax is pursuing near term revenue through the production of road base / aggregates from existing waste rock. CLIENTS Working with Castle Civil Pty Ltd, to develop a business to turn waste rock into val
Slide 12: Exploration Overview
ANAX METAL LIMITED For personal use only EXPLORATION OVERVIEW
Slide 13: Whim Creek Exploration – Immediate Organic Growth
WHIM CREEK EXPLORATION – IMMEDIATE ORGANIC GROWTH New application LOCATION For personal use only Located in the highly prospective Archaean granite-greenstones of the Pilbara region, encompassing the width of the Whim Creek Greenstone Belt. MINE EXTENSIONS Near mine extensions to known copper-zinc-l
Slide 14: Whim Creek Exploration: Evelyn
WHIM CREEK EXPLORATION1 EVELYN For personal use only Multiple untested VMS targets in prospective stratigraphy. >50% of the tenement under shallow cover. Late 2024 field reconnaissance enhanced the prospectivity of targets. Evelyn South, West and North to be the focus of the upcoming field s
Slide 15: Whim Creek Exploration: Mons Cupri South
WHIM CREEK EXPLORATION MONS CUPRI SOUTH1,2 Untested For personal use only Key lithological contact well-defined, but it remains poorly tested. Previous drilling intersected Zn and chlorite / sericite alteration at contact in down-dip positions, suggesting a broad active system. A review of pre
Slide 16: Whim Creek Exploration: ACL/Salt Creek
WHIM CREEK EXPLORATION ACL/Salt Creek Salt Creek underground design and location of previous resource drilling SALT CREEK1,2 For personal use only High-grade Indicated and Inferred Resource of 2.75 Mt containing: 95,000 Tonnes Zn and 35,700 Tonnes Cu Last extensional drilling campaign at Weste
Slide 17: Upcoming Planned Works
UPCOMING PLANNED WORKS Progressing the Whim Creek project into production and beyond 1 2 3 4 Mons Cupri For personal use only Regional project Whim Creek Hub Reserve optimisation Aggregate business studies optimisation 2025 ANAX SCHEDULE Q2 Q3 Q4 Evelyn Exploration Whim Creek base metal targets Regi
Slide 18: Corporate and the Team
ANAX METAL LIMITED For personal use only CORPORATE AND THE TEAM
Slide 19: Capital Structure
CAPITAL STRUCTURE Capital Structure Summary Volume ASX Code ANX (A$) Share Price History 6 Months (‘000) Share Price at 30 April 2025 $0.006 0.08 20,000 Market Capitalisation at 30 April 2025 $5.30M 18,000 For personal use only 0.07 Cash at 31 March 2025 $1.58M 16,000 0.06 Convertible Note Proceeds
Slide 20: ANX Copper Producers and Explorers
ANX COPPER PRODUCERS AND EXPLORERS Market Cap (A$M) Acquired Whim Creek from DVP in 2020 Significant site upgrades completed in November 2022 For personal use only Definitive Feasibility Study completed April 2023 506 738 Environmental Protection Notice Revoked May 2023 Works Approval Rece
Slide 21: Environmental, Social and Governance
ENVIRONMENTAL, SOCIAL AND GOVERNANCE ENVIRONMENTAL SOCIAL GOVERNANCE Anax is actively pursuing a development strategy for Anax has a range of stakeholders, from traditional owner The Board of Directors of ANX is responsible for For personal use only Whim Creek including the integration of Ore-sortin
Slide 22: Highly Experienced Board of Directors
HIGHLY EXPERIENCED BOARD OF DIRECTORS PHILLIP JACKSON Barrister and solicitor with significant legal and international corporate experience, (Barrister and Solicitor) specialising in the areas of commercial and contract law, mining and energy law and For personal use only Chairman corporate governan
Slide 23: Management Team
MANAGEMENT TEAM JENINE OWEN Jenine joined Anax in 2020, where she is responsible for corporate risk For personal use only (BCompt, CAANZ, GAICD) management, financial management and financial reporting. She is a Chartered Chief Financial Officer Accountant with extensive finance and commercial exper
Slide 24: Appendices
ANAX METAL LIMITED For personal use only APPENDICES
Slide 25: Appendix 1: Resources and Reserves
APPENDIX 1: RESOURCES AND RESERVES RESERVES Ore Cu Zn Pb Ag Au Classification Deposit Mt % % % ppm ppm For personal use only Mons Cupri 1.06 1.46 1.58 0.68 38 0.28 Proven Sub-total 1.06 1.46 1.58 0.68 38 0.28 Mons Cupri 1.49 0.83 1.08 0.47 23 0.14 Whim Creek 0.72 1.54 1.14 0.15 7 0.06 Probable Evely
Slide 26: Appendix 4: Source Documents (Whim Creek Processing Hub)
APPENDIX 4: SOURCE DOCUMENTS (WHIM CREEK PROCESSING HUB) Company Name Source Documents For personal use only Sabre Resources https://www.asx.com.au Artemis Resources: https://www.alienmetals.uk • Carlo Castle https://www.asx.com.au • Munni Munni Develop: https://www.develop.com.au/ • Kangaroo Caves
Slide 27: Contact
ANAX METAL LIMITED For personal use only Contact: Geoff Laing (Managing Director) Address: Ground Floor West, 20 Kings Park Road E-mail: info@anaxmetals.com.au Phone: +61 8 6143 1840 Website: www.anaxmetals.com.au