Avenira Limited · ASX:AEV
Avenira — International Mining and Resources Conference 2023
33 slides from Avenira's conference presentation, Nov 2, 2023
Slide 1: Australia's First LFP Battery Cathode Project
For personal use only Australia’s First LFP Battery Cathode Project International Mining and Resources Conference 2 November 2023 ASX: AEV
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Avenira Limited (Avenira). This document does not constitute or contain an offer, invitation, those expressed or implied by the forward-looking statements in this document. Such forward-looking statements speak only as of the date of solicitation or
Slide 3: Disclaimer: Cautionary and Forward-Looking Statements (con't)
Disclaimer Cautionary and Forward-Looking Statements (con’t) DSO Feasibility Study LFP Scoping Study The DSO Feasibility Study referred to in this presentation has been undertaken to determine the economic and technical feasibility of a direct The LFP Scoping Study referred to in this presentation h
Slide 4: Company Overview
Company Overview Avenira is a fertiliser and battery cathode focused project developer, aiming to supply premium quality products into the electric vehicle, agricultural and industrial chemical markets. For personal use only By establishing a local, integrated supply chain, Avenira will sell critica
Slide 5: Corporate Snapshot
Corporate Snapshot Board of Directors $0.040 Volume 120 $0.035 Brett Clark For personal use only 100 Share Price Executive Chairman $0.030 Engineer and Investment Banker with +30 years of Board and Senior Management/ Executive experience. Volume (millions) Share Price ($A/sh) 80 Extensive exposure t
Slide 6: Our Value Creation Strategy
Our Value Creation Strategy Avenira is aiming to become one of the first world-scale LFP producers outside of China, For personal use only Expansion Taiwan and Japan. LFP Project Expansion Plans 6 Development Scope to expand LFP manufacturing capacity in DSO phases: Phase 1 – 10,000 tpa Phase 2
Slide 7: Avenira's Value Proposition
Avenira’s Value Proposition For personal use only Competitive renewables One of Australia’s Largest Optionality to build either TPA3, Close Proximity to Rail (solar and wind) and gas High-Grade Phosphate LFP or both plants to capitalise on and Road Infrastructure pipeline Mineral Deposits1 the LFP b
Slide 8: Project Integration Pathway
Project Integration Pathway Avenira’s Wonarah Project can1 supply a steady source of high-grade Phosphorous, an essential precursor for LFP Battery Cathodes and a high value input into agriculture For personal use only TPA Plant1. LFP Plant LFP Battery Cell Factory High Grade Conversion to Thermal P
Slide 9: Wonarah DSO Project
For personal use only 9 Wonarah DSO Project
Slide 10: Highlights: DSO Feasibility Study
Highlights: DSO Feasibility Study 1 Avenira is pursuing a low Capex, fast-track, DSO Project at Wonarah to capitalise on the global shortage for premium grade phosphate rock For personal use only Wonarah Phosphate Deposit One of Australia’s largest undeveloped high-grade Phosphate Resources with 6
Slide 11: Demand-Supply Shortfall for Phosphorus
Demand-Supply Shortfall for Phosphorus Morocco FOB Benchmark Price, 32% P2O51 Phosphorous is an essential plant nutrient, with 85% of all For personal use only 400 phosphate rock produced globally used to make fertilisers Growing human populations and expanding meat consumption in 350 developing
Slide 12: Wonarah Deposit and Mineral Resource
Wonarah Deposit and Mineral Resource Wonarah is one of the largest undeveloped high-grade phosphate rock resources in Australia, with 66Mt at 30% P2O5 1 For personal use only Wonarah deposit is located within the Georgina Basin, a sedimentary basin ~260km East of Tennant Creek and ~960km Southeast
Slide 13: Mining Operation
Mining Operation Simple conventional open pit truck and excavator mining, with Mining Rate by Material Type progressive stripping and limited drill and blast operations For personal use only 350 300 Mining will focus exclusively on the Arruwurra deposit 250 Tonnes (kt) 200 14-month mine plan, wi
Slide 14: Crushing and Treatment Process
Crushing and Treatment Process Mined DSO will be crushed and screened via an onsite crushing plant, producing three phosphate BPH APH Crusher For personal use only products each with distinct target markets ROM ROM Simple mobile crushing and screening plant Mined BPH to be crushed, with screens
Slide 15: Logistics and Product Haulage
Logistics and Product Haulage BPH lumps and fines will be transported from the Wonarah mine site to Darwin Port; APH will be sold directly at mine gate For personal use only Road Haulage to Tenant Creek: BPH Lumps and Fines will be loaded into containers and trucked to Tennant Creek along the Bark
Slide 16: Target Markets, Products and Prices
Target Markets, Products and Prices BPH lumps will be targeted to regional offtakers in Southeast For personal use only Asia for the manufacture of Yellow Phosphorus Yellow Phosphorus is a synthetic material used to produce BPH Thermal Phosphoric Acid, and ultimately LFP cathode Lump BPH is un
Slide 17: DSO Project Key Results
DSO Project Key Results Low capital requirements coupled with the strong tailwinds that have driven phosphate rock prices to near-record highs are expected to enable a rapid 14-month payback period and healthy cash flows of A$27.3 million 1 For personal use only Production Physicals Financial Outcom
Slide 18: DSO Project - Capital Expenditure
DSO Project - Capital Expenditure Capital Investment A$M % Capital Cost Profile (Real $) For personal use only 3,000 Monthly Capex - A$'000 2,500 Mine Security Deposit 2.9 25.7 2,000 Pre-Strip Mining Costs 5.8 50.3 1,500 1,000 Port Costs 0.2 1.8 500 - -1 0 1 2 3 Mining Mobilisation 0.7 6.4 Month Min
Slide 19: DSO Project - Operating Costs and Free Cash Flow
DSO Project - Operating Costs and Free Cash Flow Operating Costs A$/BPH A$/BPH A$/APH A$/Average Monthly Free Cash Flow For personal use only per tonne sold A$M Lump Fines DAPR Product 30,000 Capital Costs (Real $) Tonne Tonne Tonne Tonne Cash Flows (A$000) 20,000 Operating Costs Mining 21.2 30.2 30
Slide 20: DSO Project - Milestones and Next Steps
DSO Project - Milestones and Next Steps Negotiation and execution of Native Title Mining Agreement with Arruwurra (AAC) complete 1 For personal use only Feasibility Study complete, confirming the financial and technical viability of the DSO Project 2 Authorisation received from the Northern Territor
Slide 21: LFP Project
For personal use only LFP Project Design concept of a Cathode Manufacturing Plant in the US 21
Slide 22: What is LFP Cathode Active Material?
What is LFP Cathode Active Material? Cathode Active Materials (CAM) are high purity chemicals that distinguish the application and output of different types of Lithium-ion batteries For personal use only Battery cell manufacturers are currently facing unprecedented demand for Lithium-ion batteries
Slide 23: Emergence of LFP Batteries
Emergence of LFP Batteries LFP is rapidly growing as the battery chemistry of choice for electric vehicles and stationary storage For personal use only Lower Cost: low cost, surging nickel and cobalt prices Safety: safe, low toxicity and thermal stability, no fires Reliability: well-defined pe
Slide 24: Market Shift in Preferred Chemistries
Market Shift in Preferred Chemistries Superior cost structure, safety characteristics and an improving driving range are the key factors propelling the markets rapid adoption of LFP, displacing other battery chemistries For personal use only LFP is the cheapest cathode chemistry at around RMB 160,
Slide 25: Investment into LFP Cathode
Investment into LFP Cathode Surging demand for cathodes continues to spur investment into new production capacity, with 74% of all plants under construction targeting the production of LFP cathode, reflecting the direction of the market For personal use only Historical and Forecast Cathode Productio
Slide 26: LFP Scoping Study
LFP Scoping Study Scoping Study confirms the technical and commercial potential of an LFP Darwin Plant to be based in Darwin, Australia Modular plant design enables flexibility to scale and fund the project in stages For personal use only Economics of the project have been considered at two sc
Slide 27: Results: Lithium Upside, Scalability
Results: Lithium Upside, Scalability The economics of the LFP Project has been considered at two scenarios, a one-train plant with capacity of 10,000tpa and a three-train plant with capacity of 30,000tpa, under both spot and forecast Lithium prices For personal use only Base Case Upside Case – USD$8
Slide 28: Avenira's Cost and Logistical Advantages
Avenira’s Cost and Logistical Advantages Geographic proximity to the under-supplied raw materials required to produce LFP, enables Avenira to have significant cost and logistical advantages relative to other LFP producers For personal use only Australia supplies approximately 50% of the world’s Li
Slide 29: Our Partnership with Aleees
Our Partnership with Aleees Aleees is only one of three companies outside China with complete LFP cathode manufacturing capabilities, and patents for electric vehicle and stationary storage batteries For personal use only Binding License and Technology Transfer Agreement signed with Aleees grantin
Slide 30: LFP Project Process Flow Sheet
LFP Project Process Flow Sheet Avenira’s LFP Plant intends to adopt the patented LFP CAM synthesis process developed by its technology partner, Aleees. The following simplified block flow diagram illustrates the stages of the manufacturing process: For personal use only Primary Ball Secondary Ball S
Slide 31: LFP Project Funding Strategy
LFP Project Funding Strategy Avenira aims to secure funding to develop the one-train, 10,000tpa LFP Plant, and subsequently leverage the cash flows generated to finance and develop subsequent trains For personal use only Avenira aims to explore the following sources of capital to finance the one-t
Slide 32: LFP Project - Next Steps
LFP Project - Next Steps Multiple near-term value drivers and exciting news flow anticipated: For personal use only Avenira’s Lithium Ferro Phosphate (LFP) Project: advancement of feasibility studies; site selection, permitting requirements and regulatory approvals; product qualification; fu
Slide 33: Avenira Limited
For personal use only Avenira Limited ABN 48 116 296 541 www.avenira.com PO Box 1704 West Perth WA 6872 AUSTRALIA Media/Investor Queries: Citadel-MAGNUS +61 8 9264 7000 | frontdesk@avenira.com Michael Weir 0402 347 032 Jono van Hazel 0411 564 969 33
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