Slide 1: Montezuma is now Element 25 Limited
Montezuma is now Element 25 Limited Note: From Thursday 17 May, the Company’s ASX ticker will change from MZM to E25. 16 May 2018 Element 25 Investor Update Resource Stocks Sydney May 2018 1
Slide 2: Element 25 Limited Investor Update
Element 25 Limited Investor Update Transitioning from a diversified explorer to the developer of a world class high purity manganese project to supply the battery revolution. - May 2018
Slide 3: Disclaimer
Disclaimer This presentation contains only a brief overview of Element 25 Limited and its associated entities (“Element 25") and their respective activities and operations. The contents of this presentation, including matters relating to the geology of Element 25's projects, may rely on various assu
Slide 4: Corporate Overview
Corporate Overview Financial Information Share Price Performance ASX Ticker (effective 17 May 2018) E25 Shares on Issue 83.5M Share Price $0.26 Market Capitalisation $21.7M Cash & Investments (31 March 18) ~10M Debt Nil Enterprise Value ~$11.71M Top 20 Shareholders ~67% 2018 2017 Board and Managemen
Slide 5: High Purity Manganese
High Purity Manganese A hidden opportunity within the world’s fourth largest metal commodity segment.
Slide 6: What is High Purity Manganese?
What is High Purity Manganese? • High purity manganese is a premium product segment. Three main products: • It makes up about 10% of the global manganese market by volume; but • Electrolytic Manganese • It makes up about 40% of the global manganese market by value. Metal (“EMM”) • Electrolytic Manga
Slide 7: High Purity Manganese Market Forecast
High Purity Manganese Market Forecast Reference: Metal Bulletin Commissioned Manganese Market Report April 2018 16 May 2018 Element 25 Investor Update Resource Stocks Sydney May 2018 7
Slide 8: World Class Manganese Resource
World Class Manganese Resource Australia’s largest onshore manganese resource is ripe for development
Slide 9: The Butcherbird Manganese Project
The Butcherbird Manganese Project • Australia’s largest onshore manganese deposit. BUTCHERBIRD MANGANESE • >180 Mt of manganese ore*. DEPOSIT • Excellent local infrastructure. • 100% owned by Element 25 Limited. • Low risk mining jurisdiction. • Mining Lease Application lodged February 2018. • Scopi
Slide 10: World Class Manganese Resource
World Class Manganese Resource Prospect Tonnes (Mt) Mn (%) SiO2 (%) Fe (%) P2O5 (%) Al2O3 (%) Yanneri Ridge Inferred 48.0 10.7 43.0 11.1 0.262 10.7 Indicated 22.5 12.0 43.8 11.6 0.297 10.6 Additional Deposits Inferred 110.3 10.6 44.4 11.9 0.3 11.0 Total 180.8 10.8 43.9 11.7 0.3 10.9 • Inferred and I
Slide 11: Simple Geology and Great Infrastructure
Simple Geology and Great Infrastructure 16 May 2018 Element 25 Investor Update Resource Stocks Sydney May 2018 11
Slide 12: Simple Geology and Great Infrastructure
Simple Geology and Great Infrastructure • Flat lying stratiform ore body, very simple geology. • Ore zone starts at surface and is Manganese orebody laterally continuous. • Starts at surface • • Low strip ratio Low cost mining • No selective mining required. • Low strip ratio of 0.2:1 based on preli
Slide 13: A Unique Processing Pathway
A Unique Processing Pathway “Every once in a while, a new technology, an old problem, and a big idea turn into an innovation.” Dean Kamen, Inventor.
Slide 14: Breakthrough Technology
Breakthrough Technology ROM Ore • CSIRO-developed flowsheet produces high purity battery grade manganese. Crushing • Products include Electrolytic Manganese Dioxide (“EMD”), Metal (“EMM”), and manganese sulphate (batteries and fertiliser). Cake Drum • High purity manganese is a high value product wh
Slide 15: Key Differentiators
Key Differentiators Current Production Methods (China & SA) Element 25 Flowsheet • Requires high grade imported manganese ore or very • Lower cost ore mined at surface. low grade domestic ore – both expensive. • Fast leach at ambient temperature and atmospheric • Reduction Roasting to 800-1,000ºC pr
Slide 16: Next Steps for Element 25?
Next Steps for Element 25? Scoping Study complete and positive. What is the pathway to development…
Slide 17: Scoping Study Completed, PFS Initiated
Scoping Study Completed, PFS Initiated KEY FACTORS FOR OPTIMISATION: • SCALE: Very large resource means optimal scale is not limited by resource size. Study will assess production volumes from 100Kt (potential mine life ~180 years) to 1Mt (potential mine life ~18 years). • POWER SOLUTION: Electro-wi
Slide 18: Project Timeline Estimate
Project Timeline Estimate 2018 2019 2020 2021 A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D Scoping Study ✓ Decision to proceed to PFS PFS Decision to proceed to FS FS Decision to proceed to Construct Construct Commence Mining Commence Operations Project C
Slide 19: PFS Budget Estimate
PFS Budget Estimate 2018 2019 Work Area May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Resource Upgrade 800 8 336 386 50 20 Mine Design - Reserve 125 50 50 25 Met Test Work 1,000 17 17 142 125 125 125 83 150 150 67 Pilot Plant 1,500 375 375 375 375 Geotechnical 50 50 Water 220 20 75 75 50 Envir
Slide 20: Conclusion – why invest?
Conclusion – why invest? • World class, very large manganese deposit makes the project eminently scalable. • Technology breakthrough on processing. • Simple geology and flowsheet reduces technical risk. • Strong demand growth forecast from conventional end users and the battery revolution. • Multipl
Slide 21: Thank you.
Thank you. For more information, please contact Element 25 Limited: +61 6315 1400 admin@e25.com.au www.element25.com.au
Slide 22: Competent Person’s Statement
Competent Person’s Statement Note: The information in this presentation that relates to Exploration Results, Exploration Targets and Mineral Resources is based on information compiled by Mr Justin Brown who is a full-time employee of the Company and is a member of the Australasian Institute of Minin