Wa1 Resources Ltd · ASX:WA1
Wa1 Resources — Fastmarkets International Ferroalloys Conference 2023
28 slides from Wa1 Resources's conference presentation, Nov 20, 2023
Slide 1: West Arunta Project: Niobium in Western Australia
41 Nb Niobium 92.906 For personal use only WEST ARUNTA PROJECT NIOBIUM IN WESTERN AUSTRALIA FASTMARKETS INTERNATIONAL FERROALLOYS CONFERENCE NOVEMBER 2023 Investors Product Marketing Paul Savich Gustavo Macedo Managing Director Niobium Marketing Advisor E: psavich@wa1.com.au E: gmacedo@wa1.com.au
Slide 2: Important Notices and Disclaimer
IMPORTANT NOTICES AND DISCLAIMER Nature of Document: This presentation has been prepared and issued by WA1 Resources Ltd Not financial product advice: Neither the Company nor any of its related bodies corporate is (WA1, the Company) to provide general information about the Company. The information i
Slide 3: Globally Significant Niobium Discovery in Australia
GLOBALLY SIGNIFICANT NIOBIUM DISCOVERY For personal use only IN AUSTRALIA High-grade niobium discoveries in a world-class mining jurisdiction 41 Advancing a critical mineral Nb Niobium project in the concentrated, high- value, niobium market 92.906 Investor Presentation | Page 3
Slide 4: Corporate Snapshot
CORPORATE SNAPSHOT CAPITAL STRUCTURE REGISTER COMPOSITION For personal use only SHARE PRICE (17 NOVEMBER 2023) A$9.26 SHARES ON ISSUE 56.7M 18% BOARD AND MANAGEMENT 32% OPTIONS1 AND PERFORMANCE RIGHTS 4.3M TALI RESOURCES MARKET CAPITALISATION (UNDILUTED) A$525M 15% INSTITUTIONS AND HIGH NET WORTH IN
Slide 5: Leadership Team
LEADERSHIP TEAM BOARD OF DIRECTORS SENIOR MANAGEMENT Gary Lethridge, Chairperson Lucas Stanfield, Project Manager Significant corporate experience from discovery to production For personal use only Experienced mining engineer with more than two decades of experience in mine Ex-Jubilee Mines ex
Slide 6: Two exceptionally high-grade discoveries of a critical mineral
For personal use only Two exceptionally high-grade discoveries of a critical mineral
Slide 7: West Arunta Project Location
WEST ARUNTA PROJECT LOCATION The West Arunta Project comprises two mineralised carbonatite discoveries located in Western Australia, one of the For personal use only world’s pre-eminent mining jurisdictions Key access is via the Mid-State Highway, 1,300km to Port Hedland and 800km to Alice Sprin
Slide 8: The Anatomy of a Carbonatite
THE ANATOMY OF A CARBONATITE Formed from deep mantle-derived magmatic intrusion For personal use only Defined by their composition, being rich in carbonate minerals and often occurring as plugs within intrusive complexes, or as dykes, sills, breccias or veins May be mineralised with niobium, R
Slide 9: A Tier Carbonatite Complex
A TIER 1 CARBONATITE COMPLEX The Luni carbonatite is an approximately 3.5km by LUNI CABONATITE 1.5km intrusive system PLAN VIEW2 For personal use only A’ The carbonatite is characterised by a discrete, very- high amplitude gravity anomaly with a limited but coincident magnetic response A Luni
Slide 10: Luni – Shallow High-Grade Blanket
LUNI – SHALLOW HIGH-GRADE BLANKET Results released to date have confirmed a key relatively shallow zone of For personal use only high-grade mineralisation extends over 2km east-west and remains open High-grade rare earth elements and phosphate also intersected Drilling is ongoing with over 25,
Slide 11: Global Niobium Supply
GLOBAL NIOBIUM SUPPLY GRADE OF KEY NIOBIUM PRODUCERS1 ( Nb2O5) GLOBAL PRODUCTION2 For personal use only 100 Ferroniobium production eq. 2.5% 75 80% GLOBAL SUPPLY (ktpa) BY PRODUCER3 50 11% 8% 25 - 1.0% 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 0.4% HIGH MARGIN PRODUCTION PROFILE: U
Slide 12: CBMM – Araxá Mine
CBMM – ARAXÁ MINE Barreiro Carbonatite complex discovered in 1953 Simple physical beneficiation with a single stage float and Mining commenced in 1961 from a shallow oxide orebody pyrometallurgy steps to produce ferroniobium products For personal use only Strategic asset accounting for +80%
Slide 13: Niobium Market Distribution
NIOBIUM MARKET DISTRIBUTION FeNb supply1 FeNb demand2 For personal use only Listed as critical3 CANADA 8% EUROPE 20% JAPAN CHINA S. KOREA 35% 13% NORTH IDENTIFIED BY MANY AMERICA 18% COUNTRIES AS A CRITICAL 11% MINERAL DUE TO SUPPLY BRAZIL CONCENTRATION 91% WEST ARUNTA 80% PROJECT EU Critical Minera
Slide 14: Ferroniobium Demand
FERRONIOBIUM DEMAND NIOBIUM DEMAND BY TYPE1 Global ferroniobium production KEY FERRONIOBIUM MARKETS is approximately 88ktpa and For personal use only sells for ~US$30,000/t1 Micro-alloyed steels using niobium increase the efficiency of the steel industry OIL & GAS STRUCTURAL PIPELINES Strength
Slide 15: The only replacement for steel is better steel
For personal use only 41 Nb Niobium 92.906 The only replacement for steel is better steel Investor Presentation | Page 15
Slide 16: Dematerialisation in Construction
DEMATERIALISATION IN CONSTRUCTION1 For personal use only THE STEEL INDUSTRY ACCOUNTS FOR 7% OF GLOBAL CO2 EMISSIONS China Zun Tower, Beijing 130,000t total steel used Utilised 40t of FeNb 65% in construction costing US$1.2m2 Adding 0.02% Nb to Saving 12,000t of Steel HIGHER QUALITY STEELS st
Slide 17: Niobium Oxide Demand
NIOBIUM OXIDE DEMAND Niobium oxide is predominately NIOBIUM DEMAND BY TYPE3 produced through additional SPECIALTY NIOBIUM MARKETS For personal use only treatment applied to refined ferroniobium1 NIOBIUM OXIDE Key established and high- 12% growth markets include2: AEROSPACE SUPERCONDUCTORS Supe
Slide 18: Niobium Oxide Demand – Batteries
NIOBIUM OXIDE DEMAND – BATTERIES NIOBIUM BATTERY TECHNOLOGY NIOBIUM BATTERY LEADERS 10x longer life than traditional batteries – significantly For personal use only reducing e-waste1,2 Ultra-fast charging – full charge in 6 minutes or less2 Increased stability – up to 20,000 fast charge and di
Slide 19: Luni Drilling and Mineral Resource
LUNI DRILLING AND MINERAL RESOURCE Mineralisation remains open, For personal use only with the high-grade enriched layer yet to be laterally constrained Assay results reported from only 60% of holes completed to date Drilling is ongoing with a maiden Mineral Resource estimate for the Luni enri
Slide 20: South-East Target Zone
SOUTH-EAST TARGET ZONE1 LURC23-042, a reconnaissance drillhole located 200m south of 043, ended in high- For personal use only grade mineralisation with the final metre returning 1m at 3.7% Nb2O5 This drillhole was terminated at 120m due to drilling conditions and was unable to adequately test t
Slide 21: Mineralogy and Metallurgy
MINERALOGY AND METALLURGY Five composite samples have undergone detailed Liberation of Niobium Niobium mineralogical assessment using QEMSCAN and XRD niobium Next steps minerals content minerals For personal use only Dominant high-purity, primary niobium bearing >85% of -150 to minerals observed
Slide 22: Key Project Workstreams
KEY PROJECT WORKSTREAMS Drilling Process Testwork Environmental For personal use only Targeting a maiden Mineral Mineralogical and metallurgical Baseline studies have Resource estimate in H1-2024 testwork underway commenced Transport Studies Water Power Solution Multiple road and rail Regional sourc
Slide 23: WA1's ESG Focus
WA1’S ESG FOCUS For personal use only 41 Nb Niobium 92.906 POSITIVE IMACT ON THE FUTURE FACING MINERAL BUSINESS ETHICS AND COMMUNITIES WITHIN THE EXPLORATION ENABLING CORPORATE GOVERNACE LANDS WE OPERATE DECARBONISATION Investor Presentation | Page 23
Slide 24: P2 Carbonatite Discovery
P2 CARBONATITE DISCOVERY First drill hole (announced October 2022) at the P2 Target discovered a mineralised For personal use only carbonatite system End of hole returned the highest-grade (1m @ 1.72% Nb2O5)1 suggesting mineralisation may be open and have depth potential New geophysical data c
Slide 25: Key infrastructure established for ongoing exploration and development
For personal use only Key infrastructure established for ongoing exploration and development activities Investor Presentation | Page 25
Slide 26: Key Takeaways
KEY TAKEAWAYS For personal use only 41 Nb Niobium 92.906 HIGH-GRADE MINERALISED CONCENTRATED GROWING TEAM OF CONTINUOUS FLOW OF CARBONATITE HIGH-VALUE NIOBIUM PROJECT ADVANCEMENT EXPLORATION RESULTS DISCOVERIES MARKET EXPERTS AND PROJECT NEWS Luni is a globally High-value critical mineral High
Slide 27: Contact
41 Nb Niobium 92.906 For personal use only Advancing an essential critical mineral project for the constrained, high-value niobium market WA1 Resources Ltd Investors Product Marketing Media Paul Savich Gustavo Macedo Michael Vaughan Lvl 2, 55 Carrington Street, Managing Director Niobium Marketing Ad
Slide 28: References and Notes
References and Notes For personal use only SLIDE 7 /media/NiobiumTech/Images/Images---Pages--HUB/Embaixada-Toquio/PDFs/Niobium-solutions-for-a-sustainable-future---Niobium-technology- 1. For full details refer to WA1 website and previous ASX announcements for-clean-energy.pdf> on 19/7/2023 3. Arcell
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