Lowell Resources Funds Management Ltd · ASX:LRT
Lowell Resources Funds Management — Lowell Resources Fund — Investor Presentation (December 2023)
20 slides from Lowell Resources Funds Management's investor presentation, Dec 14, 2023
Slide 1: Lowell Resources Fund December 2023
LOWELL RESOURCES For personal use only FUNDS MANAGEMENT LOWELL RESOURCES FUND DECEMBER 2023 ABN 36 006 769 982 AFSL 345674
Slide 2: Disclaimer
Disclaimer Important Notice • This presentation does not constitute investment advice. Neither this presentation nor the information contained in it constitutes an offer, For personal use only invitation, solicitation or recommendation in relation to the purchase or sale of units or shares in any ju
Slide 3: Fund Summary
Fund Summary Characteristics of the Lowell Resources Fund For personal use only Nature of Fund • Long only, ungeared fund Investee • Small mining & energy companies, predominantly in the exploration phase Companies offering major growth potential Investment • listed and unlisted equities globally Ty
Slide 4: Fund Summary
Fund Summary November 2022 400 LRT Total Return Overview incl Distribution Reinvestment For personal use only Fund size (NAV) A$53.8 m 350 LRT Units on issue 32.5m units Net Asset Value 30/11/23 $1.6569/unit 300 ASX300 Resources Distribution 31/07/23 $0.07078/unit ASX200 ASX Unit Price on 30/11/23 $
Slide 5: LICs & LITs year Pre-Tax NTA performance
LICs & LITs 5 year Pre-Tax NTA performance For personal use only 5
Slide 6: LRT 2023 Share Price performance
LRT 2023 Share Price performance For personal use only 6
Slide 7: Lowell – a Unique Investment Opportunity
Lowell – a Unique Investment Opportunity For personal use only 01 Fund Focus • One of the few investment funds that offers exposure to the junior 01 02 resources sector across Australia and global stock exchanges in unlisted and listed companies 02 Successful track record for 20 years • Superior per
Slide 8: Fund Outperformance
Fund Outperformance • Over the past 5 years, LRT’s change in underlying estimated net asset value per unit (inclusive of distributions and after fees and expenses) is 28.3%pa. For personal use only • Over one, five and ten years The Fund has outperformed: • S&P/ASX Small Resources Accumulation Index
Slide 9: Our Strategy: Investing in Exploration
Our Strategy: Investing in Exploration … Capitalising on value accretion: optimal stage For personal use only Drill out / Resource Feasibility & Production Expansion Reserves LRT TARGET INVESTMENT STAGE Share Price Commissioning Financing Discovery Construction Exploration Time Leverage: milestone
Slide 10: LRF Portfolio by Resource Development Stage
LRF Portfolio by Resource Development Stage LRF Portfolio Value by Project Stage For personal use only 30 November 2023 35% 30% 25% 20% 15% 10% 5% 0% Grass Roots Exploration & Resource Feasibility Pre-development Development Production Cash 10
Slide 11: We Invest in Explorers….because Explorers Make the Discoveries
We Invest in Explorers….because Explorers Make the Discoveries Australian Mineral Discoveries by Company Size For personal use only Source: Minex Consulting 80.0% 70.0% 60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0% Unkown Other Small Major Moderate Junior Producer Company Producer Explorer 2000-2009 2010
Slide 12: Month Commodity Prices
12 Month Commodity Prices 70% For personal use only 20% -30% -80% 12
Slide 13: Share Prices by Commodity
EQUITIES ASX Share Prices by Commodity 50% For personal use only 25% 0% -25% -50% 13
Slide 14: Azure Minerals
Azure Minerals AZS Share Price & LRT Trades For personal use only $4.00 $4,000,000 $3.00 $3,000,000 $2.00 $2,000,000 $1.00 $1,000,000 $0.00 $- -$1.00 -$1,000,000 AUD$ LRT Trade AZS Price 14
Slide 15: Australian Resources Investment
Australian Resources Investment For personal use only 15
Slide 16: LRT Commodity Exposure
LRT COMMODITY EXPOSURE NOVEMBER 2023 Bauxite Uranium Helium For personal use only 0% Mineral Sands 2% 2% Mining Services 1% Fertilisers 0% 1% Cash 16% Gold & PGM 35% Nickel 1% Battery 12% REE 1% Silver O&G 1% 8% Base Metals 16 20%
Slide 17: Portfolio Characteristics November 2023
Portfolio Characteristics 30 November 2023 PORTFOLIO BY GEOGRAPHY OF MAIN PROJECT 30 NOVEMBER 2023 For personal use only Asia/Pacific, 4% Cash, 16% North America, 13% Europe, 3% Africa, 13% INVESTMENT LISTING 30 NOVEMBER 2023 Unlisted London 1% Cash 10% 16% North America 10% Latin America, 7% Austra
Slide 18: Top Positions
Top 10 Positions Portfolio LRT Portfolio at 30 November 2023 For personal use only Code Company Commodity Portfolio Weight Cash Cash Cash 16.5% RMS Ramelius Resources Gold 5.1% AZS Azure Minerals Lithium 5.1% PDI Predictive Discovery Gold 5.0% NEM Newmont Corporation Gold 3.7% CPM Cooper Metals Copp
Slide 19: Investment Committee
Investment Committee Members For personal use only John Forwood, Richard Morrow, Stephen Mitchell, Stuart Baker, Investment Chief Investment Officer Committee Member Investment Committee Investment Committee Mr Forwood is a trained Member Member geologist and lawyer, with Mr Baker has a strong local
Slide 20: Contact
Contact For personal use only Investment Responsible Entity Manager LOWELL RESOURCES CREMORNE CAPITAL LIMITED FUNDS MANAGEMENT ACN 006 769 982 ACN 006 844 588 AFSL 345674 AFSL 241175 Address Level 6, 412 Collins Street, Address Melbourne VIC 3000 8 Chapel Street, Tel: (03) 9642 0655 Richmond VIC 312
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