Slide 1: Building an Ethical Global Manganese Business
Building an Ethical Global Manganese Business Share Purchase Plan to fund pre-commitment capital requirements progress detailed engineering for the Butcherbird Expansion Project and the Louisiana HPMSM Refinery. Presentation Supporting Share Purchase Plan (SPP) MAY 2024 ASX : E25 OTCQX: ELMTF 1
Slide 2: Disclaimer
Disclaimer This presentation (Presentation) contains only a brief overview of Element 25 Limited and its associated entities (Element 25 or E25) and their respective activities and operations. The contents of this presentation, including matters relating to the geology of Element 25's projects, may
Slide 3: Corporate Summary
Corporate Summary Stellantis 11% • Owner of the Butcherbird Manganese Mine in Western Australia which is currently being Board & Managment 6% expanded to produce >1.1Mt of high-quality manganese oxide concentrate1. ATM Facility 4% • Developing a USA-based refinery to supply ethical battery-grade Hig
Slide 4: Company Leadership
Company Leadership BOARD OF DIRECTORS Experienced, multi- disciplinary Board & Management John Ribbons Justin Brown Fanie van Jaarsveld Sam Lancuba Chairman Managing Director Non-Executive Director Non-Executive Director CPA Geologist Analytical Chemist Chemical Engineer PROJECT DEVELOPMENT AND OPER
Slide 5: Transaction Highlights
Transaction Highlights E25 to Raise up to $5M via a Share Purchase Plan. Funds raised will contribute to: Maintaining Project Schedules Providing Working Capital Maintaining Project Schedules 5
Slide 6: Share Purchase Plan (SPP) Overview
Share Purchase Plan (SPP) Overview 3 Share Purchase Plan: • Non-underwritten SPP offered to eligible shareholders targeting to raise up to A$5 million. • Eligible shareholders in Australia, New Zealand, Hong Kong and Germany will be invited to apply for up to A$30,000 of new shares free of any broke
Slide 7: Share Purchase Plan (SPP) Timetable
Share Purchase Plan (SPP) Timetable Event Date Record Date for SPP 5.00pm (AWST) Monday, 20 May 2024 Announcement of SPP and Lodgment of Appendix 3B with ASX Tuesday, 21 May 2024 Opening Date for SPP Applications, and dispatch SPP Booklet and Investor Presentation Monday, 27 May 2024 Closing Date fo
Slide 8: Share Purchase Plan (SPP) Use of Funds
Share Purchase Plan (SPP) Use of Funds In January 2024, the Company announced that it had completed a Feasibility Study (Study) to investigate the potential to expand the production of manganese concentrate at the Company’s 100% owned Butcherbird Project (Project), located in the southern Pilbara re
Slide 9: Company Strategic Vision – Growth Through Ore and Battery Grade HPMSM
Company Strategic Vision – Growth Through Ore and Battery Grade HPMSM Stage 2 Stage 3 Stage 4 Stage 5 1.1 Mt Mn Ore Louisiana HPMSM HPMSM Expansion Global Supply Build and commission full Construct the first US HPMSM Construct and commission the Multiple HPMSM modules globally commercial scale proce
Slide 10: Large, long-life manganese asset in Western Australia
Large, long-life manganese asset in Western Australia Granted Mining Lease E52/2350 M52/1074 Infill Infill Drilling Drilling of of Inferred Inferred Resources Currently Resources Underway Large JORC Resource provides the basis for the Simple Logistics 42-year base case mine 10 Reference: E25 Annual
Slide 11: Butcherbird Expansion – Sustainable margins through lower costs
Butcherbird Expansion – Sustainable margins through lower costs Key goals of Butcherbird expansion design: • Increase production volume. • Reduce unit operating costs. • Reduce labour intensity. Key Design/Equipment Selection Outcomes • Improved reliability, clay (and moisture) handling. • Increased
Slide 12: Butcherbird Expansion – Feasibility Study delivers robust economics
Butcherbird Expansion – Feasibility Study delivers robust economics • Butcherbird Expansion Feasibility Study targets 1.1 Mtpa manganese ore production7 • Production to capture Economies of Scale with reduced operating costs, moving Element 25 down the global manganese ore cost curve. • Engineering
Slide 13: Vertically integrated global HPMSM supply
Vertically integrated global HPMSM supply Manganese Ore Supply Australia Production of high-quality Australian manganese ore concentrate as feed-stock for HPMSM refinery to be built in the USA. Ore which is not used for Vertically HPMSM production will be sold to existing customers integrated in the
Slide 14: Electric Vehicle (EV) uptake accelerating as the world decarbonises
Electric Vehicle (EV) uptake accelerating as the world decarbonises “…S-curve modelling, based on the EV growth so far and the lessons of other technology shifts, suggests EV sales will grow at least four-fold by 2030, and make up between 62 percent and 86 percent of global car sales in 2030…” RMI –
Slide 15: Transition to higher manganese cathodes is beginning
Transition to higher manganese cathodes is beginning Manganese Rich Cathode chemistries help to solve supply, ESG and supply security challenges 15 Reference: Umicore Capital Markets Day 2022 Reference: Benchmark Mineral Intelligence, South 32 Limited
Slide 16: Transition to higher manganese cathodes is underway
Transition to higher manganese cathodes is underway M is for Manganese. LMFP, LMNO and NMX cathode chemistries offer improved safety, higher Shift to higher manganese energy density, reduced cost per kWh and greater supply chain intensity cathodes is expected to continue beyond flexibility. 2030. US
Slide 17: Improved, cost-competitive process technology
Improved, cost-competitive process technology The Element 25 Process makes significant changes & improvements: Problems with Current Technologies • Large volumes of waste residues • Toxic Reagents • Inefficient • Higher Cost • Outdated processing technology Reagents/Cost Carbon Emissions Waste Resid
Slide 18: LCA demonstrates a low-carbon, ethical process
LCA demonstrates a low-carbon, ethical process • LCA covers Scope 1, 2 and 3 emissions from mining through Global Warming Potential to the proposed USA-based HPMSM processing plant. • E25 HPMSM to produce ~1.7kg of CO2 for every 1kg of 5.2 4.8 HPMSM: PUBLISHED PEER COMPARISONS Kg CO2 eq. per kg (Sco
Slide 19: Design One, Build Many
Global refining capacity in the longer term Japan & Korea EU EU & UK policy shifts are remain important competing with the IRA for region in terms of investment in battery and battery technology related plants and innovation First HPMSM Facility: Louisiana USA JP IRA is driving capital flows into US
Slide 20: Feasibility Study delivers compelling economics
Feasibility Study delivers compelling economics 20 Reference: ASX Release dated May 2023
Slide 21: Proposed HPMSM facility in Louisiana, USA
Proposed HPMSM facility in Louisiana, USA Ore Storage Processing Train 2 Processing Train 1 Product storage and despatch 21
Slide 22: Resources & Reserves
Resources & Reserves Maiden Ore Reserve9 Category Tonnes (Mt) Mn (%) Contained Mn (Mt) • 89% conversion of measured and Proved 14.4 11.5 1.65 indicated resources to reserve. Probable 36.2 9.8 3.56 • Maiden Reserve only exploits Total 50.6 10.3 5.22 approximately 20% of global Global Mineral Resource
Slide 23: Competent person’s statement
Competent person’s statement The information in this presentation that relates to Exploration Results 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 Mining and Metallurgy. Justin Brown has sufficient exp
Slide 24: CONTACT US
CONTACT US Justin Brown Media Inquiries: Managing Director Nathan Ryan Email: admin@e25.com.au Email: nathan.ryan@nwrcommunications.com.au Phone: +61 (8) 6375 2525 Phone: +61 (0) 420 582 887 ASX : E25 OTCQX : ELMTF 24