Essential Metals — Shareholder Meeting (November 2022)
17 slides from Essential Metals's shareholder meeting presentation, Nov 22, 2022
Slide 1: Pioneer Dome: moving up the lithium value-curve
Pioneer Dome: moving up the lithium value-curve ASX: ESS Developing a new lithium mining and processing operation in the heart of WA’s “Lithium Corridor” 79 3 Au Annual General Meeting – Perth, Australia Li 28 Gold 22 November 2022 Lithium Ni Nickel Slide 1
Slide 2: Forward looking statements and disclosures
Forward looking statements and disclosures Forward looking statements This document may contain “forward-looking statements” and other forward looking information based on the Company’s expectations, estimates and projections as of the date on which the statements were made. This forward looking inf
Slide 3: Highlights
Highlights Essential Metal’s Dome North Lithium Resource is one of only 14 JORC compliant spodumene lithium LITHIUM RESOURCE resources in Australia It is one of only two Australian Lithium Resources not yet committed to an off-take arrangement The 100%-owned Pioneer Dome Lithium Project, 55km north
Slide 4: Corporate Overview
Corporate Overview Capital structure Board & Management Executive Team A$107M • Tim Spencer, Managing Director: 30 years’ experience commercial/corporate; 256M Shares Market Cap project development in Australia, Indonesia, Brazil and Italy 11.6M Options • Andrew Dunn, Exploration Manager: 20 years’
Slide 5: Investment Overview
Investment Overview • A well-funded and active ASX-listed lithium upstream company • Focused on finding and producing essential metals for a sustainable, low- carbon future • The flagship Pioneer Dome Lithium Project is in an easy-to-explore, low-cost location near Kalgoorlie – a Tier-1 mining juris
Slide 6: Pioneer Dome Lithium Project
Pioneer Dome Lithium Project 453km2 project tenure in the ‘lithium corridor’ • Mt Marion, Bald Hill and Buldania projects are all located <100km by road from the Project • The Dome North Lithium Mineral Resource is located in the northern part of the Project area Dome • The Project contains three sp
Slide 7: Pioneer Dome Lithium Project
Pioneer Dome Lithium Project Dome North Mineral Resource Excellent metallurgical characteristics December 2020 – Metallurgical test work on the Cade Deposit (fresh rock) based on a hybrid Dense Medium Separation (DMS) + flotation flowsheet: Concentrate Grade (% Li2O) Grade (% Fe2O3) Global Recovery
Slide 8: Pioneer Dome Lithium Project
Pioneer Dome Lithium Project Large, thick, tabular deposits with spodumene mineralisation starting at surface rom mf ~50 ace surf rom mf ~50 ace surf Mineral Resource 8.2Mt @ 1.26% Li2O – includes 5.4Mt @ 1.3% Li2O Indicated category Mineral Resource 2.3Mt @ 1.13% Li2O Slide 8
Slide 9: Dome North – drilling shows high grades and thick widths near surface
Dome North – drilling shows high grades and thick widths near surface Near-surface, high-grade assays in Cade and Davy deposits*: CADE DEPOSIT Cade Deposit assay results include: • 19.2m @ 1.44% Li2O from 15m (PDD596) • 9.6m @ 1.42% Li2O from 14.4m (PDD598) • 23.7m @ 1.26% Li2O from 3.6m (PDD599) •
Slide 10: Dome North – getting development-ready
Dome North – getting development-ready Expressions of Interest for funding and offtake agreements have been requested and due by end-December Steps are being taken to transition the Dome North Resource area to a ‘development ready’ status. These steps include: Dome North Resource • Mining Lease Appl
Slide 11: Activity timeline
Activity timeline ACTIVITY TIMELINE Nov Dec Jan Feb Mar Jun Sep Dec Mar 2022 2022 2023 2023 2023 2023 2023 2023 2024 EXPLORATION ACTIVITIES RESOURCE UPDATE PROJECT PARTNER Receipt of Expressions of Interest Process to select preferred Project Partner FEASIBILITY STUDIES Scoping Study Prefeasibility
Slide 12: Actively exploring to find more spodumene
Actively exploring to find more spodumene Structural Interpretation: Over 40 targets have been identified and ranked with field checking now in progress. The results of the structural geological study have been incorporated with other exploration data including geophysical surveys, soil geochemistry
Slide 13: Two Exciting Gold Projects near Kalgoorlie
Two Exciting Gold Projects near Kalgoorlie Skandia AC75 Maximus Gards 12km Slide 13
Slide 14: GOLD – Golden Ridge & Juglah Dome
GOLD – Golden Ridge & Juglah Dome GOLDEN RIDGE JUGLAH DOME Multiple high tenor gold targets – with potential for a large The Gards porphyry now has 1.5km of strike and is still discovery open to the south • Project straddles the Boorara Domain between the Menzies - Boorara Shear • A very good addres
Slide 15: Our partnered projects
Our partnered projects ESS also has multiple nickel and gold JV partnerships where the partner is obliged to provide funding and management with ESS free-carried up a decision to mine. Nickel Joint Ventures - 25% free-carried interest the Blair – Golden Ridge Project Farmin/Joint Venture with Austra
Slide 16: Key Takeaways
Key Takeaways • Funding in place – $8.1M cash on hand (30/09/2022) • Experienced Board and management team with proven discovery and development expertise 3 Li • Projects located in WA’s premier mineral and mining districts with a strong focus on finding essential metals for a low-carbon future • Qu
Slide 17: Thank you
Thank you For further information: Investor Relations Tim Spencer, Managing Director Nicholas Read Essential Metals Limited Read Corporate T: +61 8 9322 6974 T: +61 8 9388 1474 E: tims@essmetals.com.au E: nicholas@readcorporate.com.au Essential Metals Limited (ASX:ESS) E: info@essmetals.com.au T: +6
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