Keras Resources Plc · LSE:KRS
Keras Resources — Investor Presentation (November 2019)
16 slides from Keras Resources's investor presentation, Nov 6, 2019
Slide 1: Corporate Presentation – Shareholder Event 6 November 2019
Corporate Presentation – Shareholder Event 6 November 2019
Slide 2: Disclaimer
2 Disclaimer These presentation slides and the accompanying verbal presentation (“Presentation Materials”) are being provided in connection with an introductory presentation by Keras Resources Plc (the “Company”). These Presentation Materials do not constitute or form part of any invitation, offer f
Slide 3: Overview
3 Overview AIM quoted, manganese focussed company transitioning from explorer to producer KEY POINTS ▪ Manganese development company with market capitalisation significantly lower than the value of its underlying projects ▪ Corporate restructuring in process to release value to shareholders ▪ Small,
Slide 4: Nayega Manganese Project
4 Nayega Manganese Project Proven manganese project providing significant investment and meaningful employment in northern Togo, West Africa ▪ Keras holds an 85% interest in SGM which has received a decree from the Togolese Council of Ministers for the grant of a large-scale Exploitation Permit over
Slide 5: Project Development: Phase 1
5 Project Development: Phase 1 188ktpa mining and processing operation to produce a 38% Mn product ▪ Installed infrastructure has the capacity to produce ~6,500tpm of ~38% Mn without any additional Capex ▪ Phase 1 expansion comprises the construction of a 70tph scrubbing and screening plant to incre
Slide 6: Potential Downstream Beneficiation
6 Potential Downstream Beneficiation Battery sector driving increased demand for manganese ▪ Significant growth potential for manganese as a replacement for cobalt in lithium-ion batteries as producers look to secure cost competitive, responsibly mined long term raw material supply ▪ Potential to de
Slide 7: Development Timeline
7 Development Timeline On the cusp of commercial production 2018 May - July 2019 • Bulk sampling approved Met tests from bulk sample in July • Steel focus - beneficiated • Plant fully commissioned ore averaged 38.88% Mn, in December March/April 2019 Mn ore quality suitable for • Identified new prosp
Slide 8: Looking Ahead
8 Looking Ahead Value-adding development strategy with defined milestones Qtr 1 2020 Qtr 2 2020 Subject to positive Commission Feasibility Scoping Study, Study on battery metals Qtr 1 2020 commence 2nd stage – expected to take 9-12 • Commence production leach testwork months at installed capacity of
Slide 9: Key Value Drivers
9 Key Value Drivers Valuation underpinned by Nayega, independently valued at £11.7m relative to the current market capitalisation of £11.21m Keras Resources Plc (KRS)(UK) 39.1% Calidus Resources Limited 85% (Australia. ASX:CAI) Société Générale de Warrawoona Gold Project Mines SARL (Togo) ▪ Keras di
Slide 10: Investment Case
10 Investment Case On the cusp of significant revenue generation ▪ Considerably undervalued when compared to underlying asset value ▪ Release of shares in Calidus Resources with a current market value of £9.9m to shareholders, subject to court approval by end of November 2019 ▪ Togo Council of Minis
Slide 11: Appendix 1 - Board of Directors
11 Appendix 1 - Board of Directors Extensive operational experience & track record in identifying & advancing resource assets either by developing mining operations or crystallising shareholder value through revenue accretive transactions Brian Moritz • Chartered Accountant and former Senior Partner
Slide 12: Appendix 2 - Nayega Manganese Project, Togo
12 Appendix 2 - Nayega Manganese Project, Togo Mineral Resources and Ore Reserves to underpin a 188ktpa mining and processing operation producing both 38% Mn lump and fines ▪ Mineralisation is superficial, formed by leaching and residual enrichment in a lateritic weathering environment. ▪ Deposit co
Slide 13: Appendix 3 - Nayega Manganese Project, Togo
13 Appendix 3 - Nayega Manganese Project, Togo Mineral Resources and Ore Reserves to underpin a 188ktpa mining and processing operation producing both 38% Mn lump and fines ▪ Mineralisation starts at surface meaning it is amenable to shallow open pit operation with no waste stripping ▪ Mining will b
Slide 14: Appendix 4 – Battery Grade Manganese Fundamentals
14 Appendix 4 – Battery Grade Manganese Fundamentals Battery sector driving increasing demand for manganese ▪ +4 million EVs, including hybrids, currently on the roads – expected to rise to +60 million within the next 8 years ▪ Lithium-ion battery market could increase ~24x in the next 20 years, gro
Slide 15: Appendix 5 - Nayega Leach Testwork
15 Appendix 5 - Nayega Leach Testwork Positive results underpin project potential ▪ Leach tests were performed to assess whether the manganese in the ore could be extracted by sulphur dioxide leaching. Due to limited sample mass no optimisation work was performed on the leaching process. ▪ One sulph
Slide 16: Appendix 6 - Key Information
16 Appendix 6 - Key Information Keras Resources Plc Market AIM Russell Lamming Epic KRS Email: info@kerasplc.com Share Price 0.45p* Market Cap £11.31m* St Brides Partners Ltd Shares in Issue 2.49 billion Isabel de Salis / Cosima Akerman Director & Management Shareholding 25.79% Tel: +44 (0) 20 7236
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