Evolution Energy Minerals Limited · ASX:EV1
Evolution Energy Minerals — Investor Presentation (March 2023)
23 slides from Evolution Energy Minerals's investor presentation, March 2023
Slide 1: Sustainable Graphite Products for the Global Green Economy
SUSTAINABLE GRAPHITE PRODUCTS FOR THE GLOBAL GREEN ECONOMY
Slide 2: Disclaimer
ASX:EV1 DISCLAIMER This presentation contains summary information about Evolution and its activities, which is current as at the date of this Mineral Resources presentation. The information in this Presentation is of a general nature and does not purport to be complete nor does it contain The inform
Slide 3: A Standout Development-Ready Graphite Project Poised for Vertical Integration
ASX:EV1 A STANDOUT DEVELOPMENT-READY GRAPHITE PROJECT POISED FOR VERTICAL INTEGRATION INTO BATTERY ANODES Development-ready, coarse Updated DFS demonstrates Framework Agreement with flake Chilalo Graphite high-margin, low capex Tanzanian Government finalised Project in Tanzania development option –
Slide 4: Corporate Overview
ASX:EV1 CORPORATE OVERVIEW $0.26 $52M $10M Share price Market Cap Cash (as at 31 December 2022) $42M 202.5M 48.9M1 Enterprise Value Shares on Issue Unlisted Options SHARE PRICE (YTD) $0.60 $0.50 $0.40 $0.30 $0.20 $0.10 $0.00 March 22 April 22 May 22 June 22 July 22 August 22 September 22 October 22
Slide 5: Board & Management with Graphite Experience
ASX:EV1 BOARD & MANAGEMENT WITH GRAPHITE EXPERIENCE BOARD Board of Directors Phil Hoskins Henk Ludik Michael Bourguignon Amanda van Dyke MANAGING DIRECTOR INTERIM NON-EXECUTIVE CHAIR EXECUTIVE DIRECTOR NON-EXECUTIVE DIRECTOR Phil is the Executive responsible for Henk is a mining engineer with a care
Slide 6: Why Hasn't Graphite "Done a Lithium"?...Yet
ASX:EV1 WHY HASN’T GRAPHITE “DONE A LITHIUM”?...YET Flake graphite had substantial non-battery markets to begin with Batteries became more than 50% of the cobalt market back in 2016 and the same happened Cobalt (2012-2018) for lithium a few years later. In 2023, lithium-ion batteries will overtake t
Slide 7: Updated DFS/FEED
ASX:EV1 UPDATED DFS/FEED Chilalo remains a high-margin project with a financeable capital cost PHYSICALS UNIT Updated DFS Mine life years 17 Total plant feed Mt 8.3 Annual plant feed ktpa 500 Average head grade %TGC 10.6% Average graphite concentrate production1 ktpa 52 Steady state expandable graph
Slide 8: Development-Ready Graphite Projects
ASX:EV1 DEVELOPMENT-READY GRAPHITE PROJECTS Chilalo compares favourably to development-ready projects To delay a rapid increase in graphite prices, investment needs to be made into new supply now. Below are graphite projects with a DFS produced in the last 12 months (ie. costs updated for developmen
Slide 9: Graphite's Time to Shine
ASX:EV1 GRAPHITE’S TIME TO SHINE Ex-China supply response starts now 97 new graphite mines by 2035 - Achievable? China’s move to net importer (see slide 10) demonstrates need for ex- China supply chains o Graphite is a strategic critical mineral to decarbonisation objectives of all global economies
Slide 10: Graphite Supply Chain Reliance on China
ASX:EV1 GRAPHITE SUPPLY CHAIN RELIANCE ON CHINA Greater than all other battery minerals Li-ion battery raw materials supply chain by country As China moved to a net importer during 2022 Month Import (kt) Export (kt) January 2022 10 13 February 2022 12 5 March 2022 17 5 April 2022 7 9 May 2022 22 9 J
Slide 11: Criticality of Graphite Supply
ASX:EV1 CRITICALITY OF GRAPHITE SUPPLY Graphite listed as a strategic critical mineral in US, EU, Japan and Australia WHY? RESPONSE CHINA DOMINATES GRAPHITE MARKET CHINA Flake Graphite 73% Supply • European Critical Minerals Act – funding to be announced • EV1 is a member of European Inflation Reduc
Slide 12: Chilalo's Competitive Advantage
ASX:EV1 CHILALO’S COMPETITIVE ADVANTAGE Favourable geology driving product quality GEOLOGY Large flake free of impurities results in: (i) World-class flake size at 95% C (ii) Ability to produce +99% C through conventional flotation Product Quality Strong Economics Unique graphite signature with High
Slide 13: Project Design Enhances Sustainability Metrics
ASX:EV1 PROJECT DESIGN ENHANCES SUSTAINABILITY METRICS Improved carbon footprint resulting from FEED Global Warming Potential Comparison Scenarios – Independent Minviro Life Cycle Assessment (LCA) 2020 DFS figures shows Chilalo (based on 2020 DFS) had comparable carbon footprint to Mozambique graphi
Slide 14: ESG and Sustainability
ASX:EV1 ESG AND SUSTAINABILITY Evolution’s commitment to sustainable graphite supply Arhictect-designed housing for affected individuals • Pursuit of carbon neutrality • Full product transparency and for operations traceability including • Committed to ISO 14001 adherence to ISO 8001 (Environmental
Slide 15: Awaiting Drill Results
ASX:EV1 AWAITING DRILL RESULTS Resource growth to underpin expansion potential Chilalo Mineral Resource 20Mt at 9.9% TGC over 2km strike Long life Existing 17 year mine life based on existing Ore Reserves Geophysics indicates upside 33km of conductors with same or higher conductivity Drill results p
Slide 16: Binding Offtake with Global Leader
ASX:EV1 BINDING OFFTAKE WITH GLOBAL LEADER Coarse flake sales commitment supports financing Graphite foil production line at YXGC’s plant Principal offtake partner secured Yichang Xincheng Graphite Co Ltd (YXGC) selected following years of dialogue Global Leader YXGC is the global leader in expandab
Slide 17: EV1 Offtake Strategy
ASX:EV1 EV1 OFFTAKE STRATEGY Uncontracted fines are strategic leverage into vertically integrated anode supply chain Legend: Uncontracted Coarse flake Feedstock to expandable graphite toll treatment YXGC Coarse offtake Feedstock to Micronised Graphite Uncontracted Fines Feedstock to CSPG 17
Slide 18: Vertically Integrated Strategy
ASX:EV1 VERTICALLY INTEGRATED STRATEGY Establishing a sustainable, value-added graphite business in North America Unique Tanzanian graphite feedstock Commercially proven technology via US-based technology partner Targeting CSPG, purified micronized graphite (PMG) and other products with shorter qual
Slide 19: Next Steps
ASX:EV1 NEXT STEPS Positioning EV1 to play a role in US critical minerals supply Building the team Recruiting personnel to oversee feasibility study, site selection and positioning for US Government funding Site selection Detailed analysis has been undertaken to create a shortlist Focus on power cos
Slide 20: Financing for Non-Traditional Commodities
ASX:EV1 FINANCING FOR NON-TRADITIONAL COMMODITIES Timing is everything Cumulative market capitalization of ASX top 10 lithium Auramet engaged to advise on traditional funding sources for Chilalo, strong interest companies over the last 3 years 40 Vertical integration being pursued, targeting Governm
Slide 21: Why Invest
WHY INVEST Development-ready following robust DFS Industry leading margins at existing graphite prices Supply/demand dynamic and under- investment in new supply poised to push graphite prices higher Demonstrated performance in value-add applications (batteries, expandable, foil) Vertically integrate
Slide 22: Contact
Phil Hoskins Managing Director E: info@ev1minerals.com.au P: +61 8 9200 3426 ev1minerals.com.au
Slide 23: Appendix 1: Detailed Graphite Peer Comparison
ASX:EV1 Appendix 1 Detailed graphite peer comparison analysis and references Ticker Evolution Magnis Black Rock Evion Nouveau Monde Market capitalisation (A$M) 52 306 113 18 436 Mineral resource (Mt) 20.0 174.0 213.1 40.0 153.3 Grade (TGC %) 9.9 5.4 7.8 6.5 4.26 Contained graphite (Mt) 2.0 9.3 16.6
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