Lunnon Metals Limited · ASX:LM8
Lunnon Metals — Australian Nickel Conference 2023
18 slides from Lunnon Metals's conference presentation, Oct 4, 2023
Slide 1: Australian Nickel Conference Investor Presentation
ASX ANNOUNCEMENT ASX: LM8 Australian Nickel Conference Investor Presentation 4 October 2023 Lunnon Metals Limited (ASX:LM8) is pleased to announce that Chief Financial Officer, Hayden Bartrop, will present to the Australian Nickel Conference today at 2.00pm (Perth time). For personal use only The at
Slide 2: Australian Nickel Conference 2023
✓ This slide is 100% editable. Australian Nickel For personal use only Adapt it to your needs and Conference 2023 capture your audience’s attention. ✓ This slide is 100% editable. Adapt it to your needs and capture your audience’s attention.Hayden Bartrop 4 October 2023
Slide 3: Important Notice & Disclaimer
Important Notice & Disclaimer 2 This Presentation has been prepared by employees of Lunnon Metals Ltd (“Lunnon”, “LM8” or “the Company”) on its behalf and is a summary only, and contains summary information about Lunnon and its activities, which is current as at the date of this Presentation (unless
Slide 4: Strategic Position – Prolific Kambalda Nickel Belt
Strategic Position – Prolific Kambalda Nickel Belt 3 Kambalda renowned for: N • High grade, high quality concentrate For personal use only 10km • Low deleterious elements eg. arsenic • High Fe:MgO ratios desired by smelters • 1.6Mt nickel mined to date^ Kambalda LM8 only ASX listed exposure nickel b
Slide 5: Filling the Void: Next "go to" Australian nickel play
Filling the Void: Next “go to” Australian nickel play 4 Market Capitalisation of ASX Nickel Companies – 29/09/231 Premium location in Kambalda 2,572 For personal use only 2,500 High grade nickel sulphides Nickel Consolidation – OZ Minerals Uncontracted nickel supply^ 2,000 (West Musgrave), Western A
Slide 6: Unrivalled: Kambalda Nickel District
Unrivalled: Kambalda Nickel District 5 Past Nickel Production^: >440,000t nickel metal mined^ after Pre-WMC sale vs Total Life of Mine to date exit by WMC use only 4.3% 4.1% IGO – Long Shaft 3.9% 342 ~25% of all metal mined after exit by 203 3.7% MCR – Widgie/Nth Kamb WMC For personal 3.5% Ni % 3.3%
Slide 7: Baker PFS: Unique "Sprint Capacity"
Baker PFS: Unique “Sprint Capacity” 6 Pre-Production Capex: $18.6M Ore Reserve*: 612kt @ 2.86% Ni Development to first ore: 5 months 17.5kt Ni contained For personal use only PFS area Free Cash Flow NPV8 Pre-tax: $196M Pre-tax: $164M Post tax: $145M Post tax: $121M Operating Costs Premium Conc. C1:
Slide 8: Baker-Foster: 2.9Mt @ 3.1%Ni (87,800t Ni)
Baker-Foster: 2.9Mt @ 3.1%Ni (87,800t Ni)* 7 Significant existing infrastructure = low capital cost For personal use only Discovery success ✓ >60km drilling to date ✓ Baker deposit: discovery to Ore Reserve in under 2 years ✓ 48,800t* Ni metal added De-risking ▪ Existing Mining Leases, minimal remai
Slide 9: Kambalda Dome: "Land of the Giants"
Kambalda Dome: “Land of the Giants” 8 Northern area mined ~continuously for >50 years For personal use only (now part of Wyloo) Significant production gap between north & south sides of the dome Southern – mines closed over 35 years ago, >10 years before WMC’s exit Dormant inside Gold Fields for clo
Slide 10: Silver Lake: Long South Gap
Silver Lake : Long South Gap 9 Kambalda nickel channels For personal use only famous for their long plunge extent Long South “Gap” is… • Down plunge of one of Kambalda’s great mines – Long Shaft • >340kt Ni metal^ mined from Long & Victor channels • In one of Australia’s most prolific nickel belts-
Slide 11: Silver Lake: Long South Gap
Silver Lake : Long South Gap For personal use only 10 Silver Lake - East Alpha channel: 4km-5km Long South Gap: 2.4km x 3.2km with no drilling LM8 seismic line defines high priority, walk up drill target Mid-point image: 375,360mE, 6,545,435mN, -260mRL, GDA94 / MGA zone 51
Slide 12: Lunnon Metals Overview
Lunnon Metals Overview 11 Liam Twigger Ashley McDonald Non- Corporate structure (ASX: LM8) Non-Executive Chair Executive Director close on 2 Oct 2023 For personal use only Board 215.9m $0.80 $172.7m Shares on issue^ Share price Market cap Ian Junk Deborah Lord Non-Executive Director Non-Executive Di
Slide 13: Kambalda's Amazing Potential
Kambalda’s Amazing Potential 12 Kambalda, still a World-Class Ni province ✓ Globally significant nickel camp For personal use only ✓ Excellent local infrastructure & services ✓ Unrivalled record of discovery ✓ Supply chain diversity from Indonesia in Tier One jurisdiction Right assets, right locatio
Slide 14: Important Notice
Important Notice 13 T h e i n f o r m a t i o n i n t h i s r e p o r t t h a t r e l a t e s t o n i c k e l g e o l o g y , n i c k e l M i n e r a l R e s o u r c e s , E x p l o r a t i o n T a r g e t a n d E xp l o r a t i o n Competent Persons R e s u l t s , i s b a s e d o n , a n d f a i r
Slide 15: Mineral Resources and Ore Reserves Reporting
Mineral Resources and Ore Reserves Reporting 14 This presentation contains references to Lunnon’s Ore Reserves and Mineral Resources, which are shown in a detailed breakdown below. Mineral Resources* as at 30 June 2023 Cut-off Indicated Ni Inferred Ni Total Ni For personal use only (Ni %) Tonnes % N
Slide 16: Key Financial Assumptions
Key Financial Assumptions 15 Spot Price or Current Rate Assumption Unit Assumption Value (as at 18 May 23) For personal use only Nickel Price1 US$/t 24,000 21,334 Copper Price1 US$/t 7,500 8,302 Cobalt Price1 US$/t 40,000 34,930 Platinum Price1 US$/oz 850 988 Palladium Price1 US$/oz 1,250 1,356 AUD:
Slide 17: Prior ASX Announcements
Prior ASX Announcements 16 This presentation contains references to Lunnon’s Exploration Results and previous announcements. The information in this presentation that relates to previous Exploration Results has been extracted from the following Lunnon ASX announcements, where full details including
Slide 18: Detailed Peer Data
Detailed Peer Data 17 Company ASX Code Jurisdiction of Nickel Type Development Stage Market Closing Shares on Source of shares on issue# assets Capitalisation Price on Issue ($M) 29/9/23 (B) For personal use only (A x B) (A) Nickel Industries Limited NIC Indonesia Nickel Laterite Operational 2,572 $