Perpetual Resources Ltd. · ASX:PEC
Perpetual Resources — 121 Mining Investment Online EMEA Conference 2021
25 slides from Perpetual Resources's conference presentation, Nov 23, 2021
Slide 1: Beharra: The Midwest's leading high grade silica sand project
For personal use only Beharra. The Midwest’s leading high grade silica sand project. ASX: PEC Corporate Presentation, 121 Mining Investment Online EMEA Conference 23-25 November 2021
Slide 2: Disclaimer
Disclaimer For personal use only This presentation contains summary information about Perpetual Resources Ltd (Perpetual) and is current as of 19th November 2021. The information in this presentation is of a general nature and does not purport to be complete nor does it contain all of the informatio
Slide 3: Competent Persons Statement
Competent Persons Statement For personal use only The information in this report that relates to the March 2020 Exploration information for the Beharra Project is based on information compiled and fairly represented by Mr Colin Ross Hastings, who is a Member of the Australasian Institute of Mining a
Slide 4: Perpetual Resources: Investment Highlights
Perpetual Resources: For personal use only Investment Highlights 100% owner of Highly supportive Led by an PFS demonstrates Beharra PFS Outcomes Base case the Beharra high commodity market experienced a long-life project Post-Tax NPV (ungeared) $231m grade silica sand backdrop provides Board and tea
Slide 5: Corporate Snapshot
Corporate For personal use only Snapshot Julian Babarczy Robert Benussi Managing Director Brett Grosvenor Non-Executive Director George Karafotias Non-Executive Director Executive Chairman ASX Code PEC Share Price (as at 19 November 2021) $0.09 Ordinary Shares 492.2m PEC Share Price Options (5m at 4
Slide 6: Project Portfolio
Project Portfolio For personal use only Four discrete Project Hubs – all located proximal to established infrastructure. Beharra1 – the focus • Pre-feasibility study completed with compelling economics • Post tax NPV (ungeared): $231m • Post tax IRR (ungeared): 55% • Initial Capex: $39m • Mining Lic
Slide 7: Sand and gravel build the foundations of our economies
For personal use only “We give such little thought to it… But sand and gravel build the foundations of our economies.” United Nations Report on Sand and Sustainability, 2019 7
Slide 8: Sand Facts
Sand Facts For personal use only “The global rate of sand use — which has tripled over the past two decades partially as “We just think a result of surging urbanization — that sand is far exceeds the natural rate at everywhere. We never “For construction which sand is being replenished thought we wo
Slide 9: What is Silica Sand Used For?
What is Silica For personal use only Sand Used For? Glass - Architectural - PV solar cell glass covers - Smartphones - Tablets - Automotive - Fiberglass - Container Packaging Building products - Quartz surfaces - Roofing shingles Foundry sands - Automotive & Manufacturing Fillers & Extenders Chemica
Slide 10: Asia Pacific: The Fastest Growing Silica Sand Market in the World
Asia Pacific: The Fastest Growing For personal use only Silica Sand Market in the World APAC Silica Sand Market Value (US$m) APAC Sales Volume (mtpa) 9,000 180 8,000 40mtpa of extra high 160 quality silica sand is Market growth of needed in 7,000 US$3b is up for APAC grabs 6,000 140 5,000 120 4,000
Slide 11: Relative Size of End Markets
Relative Size of For personal use only PEC focus industry End Markets Other Abrasives 4% 5% Filtration • The Asian glass industry is the largest and highest growth for high grade 10% silica sand • The PV solar panel glass cover industry is experiencing exponential growth • These markets are Perpetua
Slide 12: Perpetual's Target Markets are the Biggest and Fastest Growing in Asia
Perpetual’s Target Markets are the For personal use only Biggest and Fastest Growing in Asia 70 68mt 52.5 Million 45mt PEC metric tonnes focus 35 31mt 17.5 15mt 9mt 6mt 2% CAGR 3% CAGR 5% CAGR 5% CAGR 3% CAGR 5% CAGR Other Abrasives Filtration Hydraulic Fracturing Foundry Total Asia Glass Industry 1
Slide 13: How Silica Sand is Priced
How Silica Sand For personal use only Fe₂O₃ is Priced Higher price Ultra clear / PV solar Silica sand is like iron ore, where various cover glass specifications are priced with reference to a key attribute (in this case, silicon dioxide) with price 100ppm adjustments related to impurity content. Cle
Slide 14: Beharra: High Grade Silica Sands
Beharra: High Grade Silica Sands For personal use only LOCATION Approximately 100km south of Geraldton, comprising a north- south striking exploration licence covering an area of about 49 km2 SCALE The project lies within the northern part of the Perth Basin and contains a 13km strike length of high
Slide 15: Project Economics
Project Economics For personal use only Capital Expenditure Cost (A$) Wet Processing Plant $19.1m On Site Infrastructure $3.5M Perpetual’s strategy is to operate with maximum flexibility, Off-Site Infrastructure (Bore field, site access roads) $9.3m aiming to be able to respond to the expected posit
Slide 16: What Makes Beharra Special
What Makes For personal use only Simple geology Superior metallurgy* • Clearly defined horizons of white and • Lowest known impurity profile Beharra yellow sand • Selective mining expected to be in the Midwest • Potential for premium product pricing Special straightforward 100% 90% white sand >50% r
Slide 17: PFS Production Process
PFS Production Process For personal use only • Simple flow sheet design due to straight forward metallurgy • Packaged plant sweet spot - 250t per hour planned • Flow sheet to be optimised based on current metallurgical testing Typical sand plant showing various product streams being produced 17 Note
Slide 18: White Sand Potential
White Sand Potential For personal use only • White sand only processing seen as a potentially significant project optimisation scenario • A single 300kg sample of white only sand was tested by IHC Robbins in April 2021, showing significant reductions in the key impurity Fe203 February 2021 PFS April
Slide 19: DSO White Sand Potential
DSO White For personal use only Simple DSO Flow Sheet Sand Potential • PEC received unsolicited approach from previously announced offtake party for sales of Direct-Shipping-Ore (DSO) white sand from Beharra. • Offtake party undertook metallurgical testwork and achieved a further material reduction
Slide 20: Tier 1 Regional Infrastructure
Tier 1 For personal use only Infrastructure Regional Beharra is one hour by high quality road to Geraldton Port, underpinning the economic viability of Beharra. RAV7.3 – PBS Super Triple 20
Slide 21: Strong Stakeholder and Approval Progress
Strong Stakeholder For personal use only and Approval Progress Perpetual is earning its “social licence” to operate at Beharra COMMUNITY • Strong working relationships with Traditional Owner groups • All key Native Title Agreements in place • Landmark collaboration with YSRC secures water licence •
Slide 22: Beharra Market Entry Strategy
Beharra Market For personal use only Entry Strategy • Perpetual has secured multiple MOU’s for offtake – Yaoguo Solar Science & Technology Co - 250K tonnes p.a. – Guangdong Qingyuan New Material Technology Co - 400K tonnes p.a. – C&D Logistics Group Co - 600K tonnes p.a. • Perpetual has had overwhel
Slide 23: Beharra Development Timeline
Beharra Development Timeline For personal use only 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 White Sand Met Work Offtake Discussions Environmental Studies Statutory Environmental Approvals DSO Scoping Study PFS Update Definitive Feasibility Study Decision to Fund ̣̣̣ Order Long Lead Items Constru
Slide 24: Conclusion
Conclusion For personal use only The Mid West Region’s Strong project Located on doorstep Strong study team Experienced Board and Rapidly advancing lowest impurity silica economics to APAC, the world’s and consultants Leadership Team project sand project fastest growing market • The Mid-West Region’
Slide 25: For personal use only
For personal use only Julian Babarczy Executive Chairman Robert Benussi Managing Director robert.b@pecsilica.com +61 410 415 335 Perpetual Resources Ltd 223 Liverpool St, Darlinghurst NSW 2010 www.perpetualresourceslimited.com.au
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