Greenland Resources Inc. · TSX:MOLY
Greenland Resources — Investor Presentation (February 2022)
18 slides from Greenland Resources's investor presentation, February 2022
Slide 1: Malmbjerg Molybdenum Project
MALMBJERG MOLYBDENUM PROJECT “Building the Only World Class Molybdenum Deposit in and for the European Union Green Energy Deal” www.greenlandresources.ca February 2022
Slide 2: Company Highlights
q World Class Climax-type 100% owned pure molybdenum deposit in East Greenland near tide-water COMPANY HIGHLIGHTS q Critical Mineral needed in all future green energy technologies, World Bank (2020); IEA (2021) q Environmental mine design focused on reduced CO2 emissions and water usage, clean taili
Slide 3: Feasibility Study Highlights
HIGHLIGHTS FEASIBILITY STUDY q Robust Economics on a twenty-year open pit mine life1 q Average annual production in years 1-10 of 32.8 million pounds per year of contained molybdenum metal at an average grade of 0.23% MoS2 and average annual LOM production of 24.1 million pounds with a cash cost of
Slide 4: Greenland: An Attractive Mining Jurisdiction
AN ATTRACTIVE MINING JURISDICTION ü Autonomous country within the Kingdom of Denmark (AAA credit) ü Ranked Greenland as Global #1 in “Current Mineral Potential Index” GREENLAND ü Greenland is a member of the European Raw Material Alliance (ERMA) ü >US$45,000 GDP per capita ü Over 100 years of geolog
Slide 5: Molybdenum: Market
POSITIVE MACRO ECONOMIC FACTORS MOLYBDENUM USES Nickel Alloys MOLYBDENUM: MARKET Tool Steels 3% ü Metal that when added to steel and cast irons, enhances 8% strength, hardenability, weldability, toughness, temperature Mo-Metal strength, and corrosion resistance 6% Engineering ü Molybdenum prices bro
Slide 6: Molybdenum: Green Future
GREEN FUTURE MOLYBDENUM: GREEN ü Green Energy transition to increase global demand of molybdenum TOTAL MOLYBDENUM DEMAND BY ENERGY ü Government infrastructure-projects aiming to promote economic growth will use molybdenum TECHNOLOGY THROUGH 2050 UNDER 2DS(1) ü World Bank (2020) estimates 119% demand
Slide 7: The European Green Deal
OVERVIEW Zero Pollution ü Set of policy initiatives by the European Commission with the aim of becoming the world's first climate-neutral bloc by THE EUROPEAN GREEN 2050 Affordable Secure Energy ü A new growth strategy that aims to transform the EU into a fair and prosperous society, with a modern,
Slide 8: Environmentally Friendly Operation
OVERVIEW PROCESSING FLOWSHEET Mined Ore ü Malmbjerg has the potential to become Europe’s first environmentally friendly source of molybdenum Crushing FRIENDLY OPERATION Grinding ü Processing produces nearly no deleterious elements ENVIRONMENTALLY into the water environment and tailings Flotation Lea
Slide 9: Malmbjerg Project Mineral Resource and Reserve Estimate
MINERAL RESOURCE ESTIMATE – Effective Date October 12, 2021 Classification Tonnes (Million) Grade (% MoS2) Contained Mo (M Lb) Mineral Resource Estimate Measured 128 0.204 345 (Open Pit) by TETRA TECH Indicated 153 0.156 317 TOTAL Measured + Indicated 281 0.178 661 Inferred 33 0.096 42 MALMBJERG PRO
Slide 10: Mine Plan
MINE PLAN q Open Pit mine with main crusher facility on site, a 21 km EU built rope conveyor that produces no CO2 for ore transportation to Mestersvig Inlet natural deep draft harbor where process facility and modularized infrastructure is located q Tetra Tech (process and plant site infrastructure,
Slide 11: Appendix – Feasibility Study
APPENDIX – FEASIBILITY STUDY Price Assumptions Units Base Case Molybdenum US$/lb 18.00 Diesel Fuel US$/L 0.62 Electricity US$/kWhr 0.18 Exchange Rate €/US$ 1.1477 Operating Data Units Values Preproduction Period Years 3 Mine Life Years 20 Waste Stripped kt 185,892 Strip Ratio Waste / Ore 0.8 Ore Min
Slide 12: Appendix – Feasibility Study
APPENDIX – FEASIBILITY STUDY Economic Analysis Units Base Case Levered Case Pre-tax Undiscounted Cash Flow Millions US$3,574 €3,114 US$3,101 €2,702 Pre-tax NPV@6% Millions US$1,803 €1,570 US$1,730 €1,504 Pre-tax IRR % 27.7 40.4 Pre-tax Payback years 3.1 2.0 After-tax Undiscounted Cash Millions US$2,
Slide 13: Appendix – Feasibility Study
APPENDIX – FEASIBILITY STUDY After Tax Sensitivity of Project NPV6% and IRR to changes in US$ Molybdenum Prices for Base Case After Tax Sensitivity of Project NPV6% and IRR to changes in US$ Molybdenum Prices for Levered Case NPV@ 6% IRR Spot Mo NPV@ 6% IRR (02/22/22) 30.9% 2,500 29.3% Spot Mo (02/2
Slide 14: Appendix – Feasibility Study
APPENDIX – FEASIBILITY STUDY February 2022 Page 14 of 18
Slide 15: Appendix – Feasibility Study
APPENDIX – FEASIBILITY STUDY After Tax Cashflow and Cumulative Cashflow on Base Case After Tax Cashflow and Cumulative Cashflow on Levered Case Pro Pro 400 3,000 300 265 3,000 306 244 300 271 2,500 234 217 2,500 223 212 225 234 238 233 200 2,000 200 178 174 179 184 178 200 173 175 160 2,000 132 153
Slide 16: Appendix – Feasibility Study
APPENDIX – FEASIBILITY STUDY Initial Capex Sustaining Capex Total Capex Capital Costs (millions) US$M (€M) US$ (€) US$ (€) Mining 88.6 77.2 53.0 46.2 141.6 123.4 Rope Conveyor 194.4 169.4 50.0 43.6 244.4 212.9 Process Plant 112.9 98.4 50.0 43.6 162.9 142.0 Marine Vessels and Naval Architecture 28.3
Slide 17: Forward Looking Statement
FORWARD LOOKING STATEMENT This presentation contains "forward-looking information" (also referred to as "forward looking statements"), which relate to future events or future performance and reflect management’s current expectations and assumptions. Often, but not always, forward-looking statements
Slide 18: Forward Looking Statement
FORWARD LOOKING STATEMENT The Company cautions the reader that forward-looking statements and information include known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking state
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