Image Resources Nl · ASX:IMA
Image Resources Nl — Critical Minerals & Energy Investment Conference 2023
25 slides from Image Resources Nl's conference presentation, Sep 20, 2023
Slide 1: Australian Critical Minerals Producer
Australian Critical Minerals Producer Critical Minerals & Energy Investment Perth, Western Australia 20 September 2023 Patrick Mutz Managing Director Image Resources 1 NL ASX: IMA
Slide 2: Disclaimer and Forward-Looking Statements
Disclaimer and Forward-Looking Statements This presentation/document has been prepared by the management of Image Resources NL ("Image”, “IMA“, or “the Company”). The information presented includes an indicative outlook of the business activities of Image for the calendar year (CY) 2023 and beyond,
Slide 3: Company Description
Company Description Producer and Supplier of Critical Minerals Concentrate Titanium, Zirconium and Rare Earths Elements Feedstocks for Pigments, Ceramics, Critical Metals, Electronics… Mining and Processing in Australia Marketing in China Successful Project Development Transitioned fro
Slide 4: Corporate Snapshot
Corporate Snapshot ASX Code IMA Top Five Shareholders Board of Directors Murray Zircon PL 15.9% Bob Besley – Chair (Ind.) Share Price A$0.09 (8 Sep 23) Vestpro International Limited 13.1% Patrick Mutz – Managing Director Shares on Issue 1,050m HSBC Custody Nominees 8.0% Aaron Chong Veoy Soo – NED (I
Slide 5: Project Area Location Map
Project Area Location Map PERTH 5
Slide 6: Chapter 1 – Transition from Advanced Explorer to Active Miner
Chapter 1 – Transition from Advanced Explorer to Active Miner Chapter 1 as active miner involves one mine, one product, one customer Boonanarring mineral sands project 80km north of Perth, WA Production of critical minerals in heavy mineral concentrate (HMC) Sales of HMC under life-of-mine o
Slide 7: Chapter 1 – Active Miner
Chapter 1 – Active Miner Chapter 1 Operational Summary A$20 million NPAT/year average for CY2019-2022 selling HMC Paid dividends of A$0.02/share in Apr 2021 and A$0.02/share in Apr 2022 A$62.5M cash at 30 Jun 2023 and debt-free since Feb 2021 Currently completing operations at Boonanarring
Slide 8: Transitioning to Chapter 2
Transitioning to Chapter 2 Chapter 2 will involve multiple projects, multiple products, and global market Two strategic acquisitions of mineral sands projects in Western Australia in 1H 2022 • Eneabba Tenements added ~200mt of Mineral Resources and increased dry mining Mineral Resources portfoli
Slide 9: Chapter 2 – Projects and Value-Adding Steps
Chapter 2 – Projects and Value-Adding Steps Diverse 100%-Owned Development Pipeline in Western Australia (JORC 2012) Atlas - 5.5mt Ore Reserves1 at 9.2% HM (in final permitting phase) 2-3 yrs.* Bidaminna – 123mt Ore Reserves1 at 1.8% HM (under DFS) 10 yrs.* Yandanooka2 – 60mt Mineral Resourc
Slide 10: Project Location Map – Initial Portfolio
Project Location Map – Initial Portfolio Initial Tenement Portfolio (2017) 1,232 km2 ATLAS - planned mining to commence FY2024 12 Project Areas; 100%-owned 29Mt Ore Reserves Ore Reserves (Dec 2022) 93Mt dry mining Mineral Resources 5.5 million tonnes 236Mt dredge mining Mineral Resources 9.2% THM 20
Slide 11: Project Location Map – Expanded Portfolio
Project Location Map – Expanded Portfolio Eneabba Tenements Acquisition 232 km2 Initial Portfolio of Tenements 1,232 km2 McCalls Project Acquisition 224 km2 11
Slide 12: Preliminary Conceptual Plan
Preliminary Conceptual Plan Cautionary statement: The following conceptual plan should only be read in conjunction with the Disclaimer and Forward-Looking Statements at the beginning of this presentation. The information provided in the following preliminary plan is conceptual and aspirational and s
Slide 13: Preliminary Conceptual Plan
Preliminary Conceptual Plan Boonanarring Atlas • One operation (at a time) Chapter 1 • One product (HMC concentrate) • One customer (offtake into China) • Limited project life 13
Slide 14: Preliminary Conceptual Plan
Preliminary Conceptual Plan Boonanarring Chapter 1 Atlas Chapter 2 • Multiple operations • Multiple products • Global customers • Long-lived projects 14
Slide 15: Preliminary Conceptual Plan
Preliminary Conceptual Plan Boonanarring Atlas Chapter 1 Bidaminna Chapter 2 Yandanooka – Durak + Mineral Separation Plant Synthetic Rutile Plant McCalls Mindarra Springs 15
Slide 16: Changing Value Proposition
Changing Value Proposition Bar graphs represent rough min and max Line graphs of mass contribution in HMC added commodity price over the last 24 months for various Image projects • Synthetic rutile does not exist naturally in HM assemblage but can be produced by upgrading of ilmenite. It is show
Slide 17: Bidaminna Pre-Feasibility
Bidaminna Pre-Feasibility PFS Highlights: Pre-tax NPV8: A$192 million Pre-tax IRR8: 28% Capital estimate: A$194 million Capital payback (post first revenue): 3.8 years EBITDA: A$379 million Forecast mine-life: 10.5 years Total Heavy Mineral Concentrate (“HMC”) production: 2.1 Mt Ore Re
Slide 18: For further information
For further information Image Resources NL info@imageres.com.au Office: +61 8 9485 2410 Level 2, 7 Ventnor Avenue West Perth, WA 6005 PO Box 469, West Perth, WA 6872 www.imageres.com.au 18
Slide 19: Mineral Resources and Ore Reserves Statement
Mineral Resources and Ore Reserves Statement 19
Slide 20: Mineral Resources and Ore Reserves Statement
Mineral Resources and Ore Reserves Statement Table 2 ‐ 20
Slide 21: Mineral Resources and Ore Reserves Statement
Mineral Resources and Ore Reserves Statement 21
Slide 22: Mineral Resources and Ore Reserves Statement
Mineral Resources and Ore Reserves Statement 22
Slide 23: Mineral Resources and Ore Reserves Statement
Mineral Resources and Ore Reserves Statement 23
Slide 24: Mineral Resources and Ore Reserves Statement
Mineral Resources and Ore Reserves Statement 24
Slide 25: Mineral Resources and Ore Reserves Statement
Mineral Resources and Ore Reserves Statement 25
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