Mrg Metals Limited · ASX:MRQ
Mrg Metals — Investor Presentation (June 2021)
26 slides from Mrg Metals's investor presentation, June 2021
Slide 1: Discovery to Development: MRG Metals – A Significant HMS Player
DISCOVERY TO DEVELOPMENT MRG METALS – A SIGNIFICANT HMS PLAYER I N V E S TO R P R E S E N TAT I O N // JUNE 2021 // ASX: MRQ
Slide 2: Disclaimer
DISCLAIMER The information contained in this presentation has been prepared by MRG Metals Ltd (MRG). This presentation is for information only and not an offer, invitation, solicitation or other recommendation with respect to the subscription for, purchase or sale of any securities in MRG. This pres
Slide 3: What are Heavy Mineral Sands (HMS)?
W H AT A R E H E AV Y M I N E R A L S A N D S ( H M S ) ? ▪ HMS deposits are found in shoreline environments – mostly exploited for titanium minerals and zircon ▪ The Valuable Heavy minerals fall into two categories: Titanium minerals (ilmenite, leucoxene and rutile) and Zircon ▪ Titanium minerals a
Slide 4: Heavy Mineral Sands Uses
H E AV Y M I N E R A L S A N D S U S E S ▪ Titanium is used as TiO2 pigment in paint, welding electrode fluxes, alloying agent with Al, Fe, Mo and Mn ▪ The alloys are used in aerospace and aircraft applications including engines, where strong, lightweight, temperature- resistant materials are needed
Slide 5: Heavy Mineral Sands – Market Upside
H E AV Y M I N E R A L S A N D S – M A R K E T U P S I D E MRG MOZAMBIQUE ASSETS ▪ Outlook is improving - market has bottomed RUTILE ZIRCON ILMENITE and is on the rise US$ US$ US$ 240+/T 1200+/T 1500+/T ▪ Titanium Oxide and Titanium metal demand increasing ▪ Titanomagnetite has potential value in hi
Slide 6: Who is MRG Metals?
W H O I S M R G M E TA L S ? MRG Metals is a junior ASX explorer, punching way above it’s weight! A world class JORC classified discovery in the bag - now working towards a 100 year mine development ▪ 4 high calibre 100 % owned projects (746km2) and 1 further project under application in Mozambique
Slide 7: Mine Start-up Opportunities - Leapfrog Modelling
M I N E S TA R T U P O P P O R T U N I T I E S - LEAPFROG MODELLING Very High-Grade Grade THM (%) * Volume (Million M3) ** Target Koko Massava 5-6% 224 >6% 68 Nhacutse 5-6% 129 >6% 11 Poiombo 5-6% 27 >6% 9 * Based in part on Visual Estimation of grade (assays awaited) ** Derived from Leapfrog modell
Slide 8: Schematic Cross Section – Koko Massava
S C H E M AT I C C R O S S S E C T I O N – K O K O M A S S AVA HIGH GRADE Refer map Slide 8 Leapfrog modelling of assay and visually estimated grade from previous MRE plus recent infill drilling shows: ▪ A potential high grade zone of 292 million cubic metres at a cut-off grade of 5% THM ▪ Including
Slide 9: Value Proposition of Corridor Central and Corridor South Sands
V A L U E P R O P O S I T I O N O F C O R R I D O R C E N TA L AND CORRIDOR SOUTH SANDS TOTAL HEAVY MINERAL (THM) VHM ASSEMBLAGE BREAKDOWN VHM CONCENTRATE MINERAL DESCRIPTION PRICE (%) (US$/t) Naturally occurring very high-grade titanium dioxide 1-2 Rutile +$1,200 feedstock, typically with TiO2 cont
Slide 10: Koko Massava Ilmenite Resource
KO KO M A S S AVA I L M E N I T E R E S O U R C E 8.0% Tronox (Namakwa) 40.1% Ilmenite 7.0% Dinsheng (Corridor 1) 53.0% Ilmenite 6.0% Early Mine MRG (Corridor C&S) Life Potential 43.0% Ilmenite Heavy Mineral Percentage 45+% Ilmenite 5.0% Base (Kwale) 4.0% 51.0% Ilmenite Rio/Savannah (Mutamba) 62.0%
Slide 11: Ongoing Work Programs
ONGOING WORK PROGRAMS CORRIDOR CENTRAL & SOUTH PROGRESS – NEXT STEPS ▪ Assays pending from Infill drilling program Koko Massava ▪ Updated MRE targeting very high grade ▪ Assays pending from Infill drilling program Nhacutse ▪ Maiden MRE ▪ Assays pending from Infill drilling program Poiombo ▪ Maiden M
Slide 12: Corridor Projects Potential Infrastructure Boost
CORRIDOR PROJECTS POTENTIAL INFRASTRUCTURE BOOST Proposed Multibillion-dollar Chongoene Development Corridor Project (CDC) – deep water seaport with proposed mineral processing zone (ASX Announcement 6 August 2020) ▪ Phase 1 of the CDC Development expected to commence in 2023 at an investment cost o
Slide 13: The Opportunity to Invest
THE OPPORTUNITY TO INVEST ▪ Over 2 Billion Tonnes of JORC resource + JORC Exploration Target at preliminary economic grades already confirmed ▪ Scalable projects at High THM grades from surface with potential long mine life ▪ Near term opportunity of identifying multiple very high-grade resources to
Slide 14: Corporate Snapshot
C O R P O R AT E S N A P S H O T FINANCIALS BOARD AND MANAGEMENT Andrew Van Der Zwan // Executive Chairman // BA Chemical Engineering (Honours) Share price @ 21/6/21 0.008c Andrew has over 30 years commercial and engineering experience. He is Non-Executive Director of Argo Exploration Ltd (ASX: AXT)
Slide 15: Contacts
C O N TA C T S MRG Metals Andrew Van Der Zwan Chairman +61 (0) 400 982 987 andrew@mrgmetals.com.au Investor Relations Victoria Humphries NWR Communications +61 (0) 431 151 676 victoria@nwrcommunications.com.au w w w. m r g m e t a l s . c o m . a u
Slide 16: Appendices: World Class Neighbouring Deposits
APPENDICES WORLD CLASS NEIGHBOURING DEPOSITS ▪ Rio Tinto is developing the Mutamba and Chilubane projects through a JV with Savannah Resources ▪ Current updates indicate expenditure exceeding $1 billion ▪ Anhui currently producing from Corridor Deposit 1 and truck to Maputo (over 200km) ▪ Kenmare Re
Slide 17: The Corridor Projects Prioritised Exploration Targets
THE CORRIDOR PROJECTS 13 PRIORITISED EXPLORATION TARGETS 17
Slide 18: Koko Massava Maiden JORC Resource
KO KO M A S S AVA (ASX Announcement 22 April 2020) For Geo team to add key points Maiden JORC Mineral Resource delivered at Koko Massava 1,423 Mt @ 5.2% THM ▪ (Indicated + Inferred) at 4% cut-off grade, comprising: – Indicated Mineral Resource of 289 Mt @ 4.9% THM – Inferred Mineral Resource of 1,13
Slide 19: Koko Massava JORC Resource
KO KO M A S S AVA J O R C R E S O U R C E SUMMARY OF MINERAL RESOURCE(1) THM ASSEMBLAGE (2) IN-SITU MINERAL MATERIAL BD THM SLIMES OS ILMA ILM LTILM LTILMTM RUT LX ZIR TIMAG KYASIL CHRM MOTH NMOTH AREA THM RESOURCE (Mt) (gcm3) (%) (%) (%) (%) (%) (%) (%) (%) (%) (%) (%) (%) (%) (%) (%) (Mt) Indicate
Slide 20: Koko Massava Grade-Tonnage
KO KO M A S S AVA G R A D E - TO N N A G E ▪ Grade-tonnage curve showing material tonnes versus THM grade (and Slime) at various cut-off grades for the global mineral resource at Koko Massava Cut-off grade is shown in the top row of the table, with corresponding tonnage, average THM% grade and Slime
Slide 21: Focus on >100Mt of High-Grade, High In-Ground Value
FOCUS ON >100MT OF HIGH-GRADE, HIGH IN-GROUND VA LU E ▪ Low cost and successful exploration technique delivered Koko Massava at a discovery cost of <$0.02 per ton of JORC Resource ▪ MRG seeking the best +/- 100MT of Resource within economic radius of Koko Massava as a potential mine start-up, then m
Slide 22: Koko Massava – Current Program
KO KO M A S S AVA – C U R R E N T P R O G R A M Significant Recent Aircore Drilling Results* (THM Visually estimated – assays pending) 69 metres @ 7.5% THM from surface incl. 9m @ 13.2% & 19.5m @ 10.4% 69 metres @ 6.7% THM from surface incl. 24m @ 11.1% 42 metres @ 6.6% THM from surface incl. 21m @
Slide 23: Nhacutse
NHACUTSE For Geo team to add key points ▪ Auger and Aircore drilling has defined a footprint of 18 km2 of high grade THM mineralisation ▪ Infill Aircore drilling program has delivered consistently high grade visual Heavy Mineral Sands (HMS) results, delineating several very high grade mineralised zo
Slide 24: Poiombo
POIOMBO ▪ A very high grade zone defined by aircore drilling, with a surface footprint approaching 1 sq km. ▪ Recently, 6 infill holes confirmed very high visually estimated grades of >6% THM, from surface and open at depth Significant Results 21CSAC715 0 – 36.0m 36.0m @ VIS EST 6.0% THM 21CSAC716 0
Slide 25: Marao
MARAO Mandende Magonde Target Target ▪ Surface footprint >9 ▪ Surface footprint >5 km2 of visually km2 of visually estimated (VIS EST) estimated (VIS EST) >3% Total Heavy >3% Total Heavy Mineral (THM) from 19 Mineral (THM) from auger holes to 13.5m. 9 auger holes to 13.5m ▪ Within the larger Mandend
Slide 26: MRG Metals - Mozambique HMS: Discovery to Development
M R G M E TA L S - M O Z A M B I Q U E H M S Discovery To Development 26