Element 25 Limited · ASX:E25
Element 25 — Clarkson's Battery Value Chain Webinar (June 2023)
26 slides from Element 25's conference presentation, June 2023
Slide 1: Element 25 Limited Investor Update
Element 25 Limited Investor Update Building a World-Class Battery Grade Manganese business June 2023 – Clarkson’s Battery Value Chain Webinar ASX:E25
Slide 2: Disclaimer
Disclaimer This presentation contains only a brief overview of Element 25 Limited and its associated entities (“Element 25") and their respective activities and operations. The contents of this presentation, including matters relating to the geology of Element 25's projects, may rely on various assu
Slide 3: Corporate Summary
Corporate Summary Financial Information Introduction ASX Ticker E25 Shares on Issue 190M Developing the world class Share Price $0.60 Debt Nil Butcherbird Manganese Project in Western Australia to produce high quality manganese concentrate and battery grade High Purity Manganese Sulphate Monohydrate
Slide 4: Experienced Owners Team
Experienced Owners Team BOARD OF DIRECTORS Recent board additions strengthens depth of industry & operational experience for both mining and chemical processing divisions. Seamus Cornelius Justin Brown John Ribbons Fanie van Jaarsveld Sam Lancuba Chairman Managing Director Non-Executive Director Non
Slide 5: Our Strategic Vision
Our Strategic Vision… Stage 1 Stage 2 Stage 3 Stage 4 365Kt per annum 1 Mt per annum High Purity MnSO4 MnSO4 Expansion In production, optimising process, Engineering design and costing in Strong OEM support –signed with Long term - multiple HPMSM preparing expansion progress using DMS option Stellan
Slide 6: Not all manganese is created equal
Not all manganese is created equal Serving the Established… And the Emerging… • Manganese (Mn) is the fourth most used metal • The electrification of the global vehicle fleet on earth in terms of tonnage. requires vast amounts of cathode materials. • Used in steel, specialty alloys and aluminium pro
Slide 7: Great infrastructure endowment, fully permitted
Great infrastructure endowment, fully permitted 100% E25 owned, long term tenure. E52/2350 M52/1074 Granted Mining Lease Measured & Indicated Resources are the basis Simple Logistics for the 42-year Base Case -7-
Slide 8: Very simple geology equals low-cost, low impact manganese units
Very simple geology equals low-cost, low impact manganese units Classification Tonnes (Mt) Mn (%) Contained Mn (Mt) RESOURCE GROWTH POTENTIAL Resource 263 10.0 20.8 • Enough resource base for multi- Reserve 50.6 10.3 5.22 decade long expansion pathway. • Can produce concentrate, battery grade HPMSM
Slide 9: Stage 1: Project Delivery Complete – Engineering Optimisation Progressing
Stage 1: Project Delivery Complete – Engineering Optimisation Progressing Process Water Storage Tails Storage ROM Stocks Main Access Road Ore Stockpiles Feedstock for HPMSM conversion Processing Plant -9-
Slide 10: Our Goal – Zero Carbon High Purity Manganese
Our Goal – Zero Carbon High Purity Manganese… Stage 1 First production of manganese concentrate to sell to manganese alloy manufacturers Multi-stage growth Stage 2 potential Expansion of the concentrate production to produce manganese feedstock to convert to MnSO4 Stage 3 Establishing a conversion f
Slide 11: New Energy Vehicle Demand Growing Strongly
New Energy Vehicle (NEV) Demand Growing Strongly Umicore chemistries addres of More totalvehicles equals more EV Light-duty batteries! CAM d Global CAM demand (GWh) 2,400 LDV only – Chemistry split ~25% U CAGR a m d 1,300 ~75% to d a 400 Mn ~25% 2022 2026 2030 NMC/NCA, Manganese-rich LF(M)P Referenc
Slide 12: The Battery Industry is Looking to Manganese
The Battery Industry is Looking to Manganese Battery Chemistries are NMC NMC → LMR LMR Adapting to Supply Constraints LFP LFP → LMFP LMFP Manganese in cathodes: 17% of material but only Mn 2% of cost (NMC 622) Reference: Volkswagen, Stellantis, Tesla, CPM Group, Morgan Stanley Research, Bloomberg Ne
Slide 13: Manganese, the battery raw material supply chain solution?
Manganese, the battery raw material supply chain solution? PDAC 2023 Keynote Speaker “…manganese (is) the single most critical mineral for batteries right now,” he said. “How many companies outside of China make manganese commercially for a battery right now? Which is the hottest metal for batteries
Slide 14: Low cost, efficient HPMSM process – significant improvements
Low cost, efficient HPMSM process – significant improvements… The Element 25 Process makes significant changes & improvements… Problems with Current Technologies • Large volumes of waste residues • Toxic Reagents • Inefficient • Higher Cost • Outdated processing technology Reagents/Cost Carbon Emiss
Slide 15: Targeting Zero Carbon Manganese – ESG is integral to our thinking
Targeting Zero Carbon Manganese – ESG is integral to our thinking • LCA covers Scope 1,2 and 3 emissions from mining through Global Warming Potential Existing producers often use high energy processes to the proposed USA-based HPMSM processing plant. like electrowinning and/or toxic reagents like fl
Slide 16: Design One Build Many
Stage 3 Expansion of Conversion Capacity – Multiple Plants Planned EU JP KR Feasibility Study Site: Louisiana USA US Mn Concentrate Feedstock (33% Mn): Up to 1M tonnes per annum manganese concentrate production MY planned at the Butcherbird Project in Western Australia. • E25 manganese concentrate i
Slide 17: Inflation Reduction Act 2022 – What's Changed?
Inflation Reduction Act 2022 – What’s Changed? Summary of Impacts on Battery Supply Chains • Regulations effective from January 1, 2025. • Requirement for 40% of battery materials to be sourced from north American or allied countries from 2024. • Increasing to 80% by 2026. • Allied countries include
Slide 18: Geopolitical Challenges are Influencing Investment Trends
Geopolitical Challenges are Influencing Investment Trends Supply Chain Diversification Manganese is increasingly important as an EV battery cathode material. • Current battery raw material supply is dominated by China. OEMs are seeking ethical, cost • Single source supply threatens supply security.
Slide 19: Feasibility Study - compelling economics
Feasibility Study - compelling economics
Slide 20: Production Plant – Location Optionality
Production Plant – Location Optionality PACKAGING & PRODUCT STORAGE PURIFICATION & CRYSTALLISATION PROVISION FOR EXPANSION STAGE (2X PRODUCTION) REDUCTANT STORAGE ORE STORAGE & COMMINUTION - 20 - Note: artist’s impression – subject to final design
Slide 21: Offtake & Financing – Stellantis
Offtake & Financing – Stellantis • E25 and Stellantis sign definitive agreements for the supply of battery-grade high- purity manganese sulphate (HPMSM) for Stellantis’ EV battery requirements. • Key commercial terms include: Stellantis is a leading global automaker and mobility • E25 to supply HPMS
Slide 22: Our Strategic Vision
Our Strategic Vision… Stage 1 Stage 2 Stage 3 Stage 4 365Kt per annum 1 Mt per annum High Purity MnSO4 MnSO4 Expansion In production, optimising process, Engineering design and costing in Strong OEM support –signed with Long term - multiple HPMSM preparing expansion progress using DMS option Stellan
Slide 23: Thank you
Thank you For more information, please contact Element 25 Limited: +61 8 6375 2525 admin@e25.com.au www.element25.com.au ASX:E25
Slide 24: Our Strategic Vision
Our Strategic Vision… Resource scale of the Butcherbird Project underpins long-term growth. Company Growth Stages Industry Segments Opportunity Manganese Ore All Manganese Industries Reliable Long Term Supply Ethical Clean Manganese Supply Manganese is the world’s fourth largest metal Demand for hig
Slide 25: Reserves and Resources
Reserves and Resources Maiden Ore Reserve1 Category Tonnes (Mt) Mn (%) Contained Mn (Mt) • 89% conversion of measured and Proved 14.4 11.5 1.65 indicated resources to reserve. Probable 36.2 9.8 3.56 • Maiden Reserve only exploits Total 50.6 10.3 5.22 approximately 20% of global Global Mineral Resour
Slide 26: Competent Person's Statement
Competent Person’s Statement The information in this presentation that relates to Exploration Results is based on information compiled by Mr Justin Brown who is a full-time employee of the Company and is a member of the Australasian Institute of Mining and Metallurgy. Justin Brown has sufficient exp
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