Manuka Resources Ltd · ASX:MKR
Manuka Resources — Investor Presentation (December 2022)
28 slides from Manuka Resources's investor presentation, Dec 12, 2022
Slide 1: Manuka Resources Investor Presentation December 2022
Manuka Manuka Presentation Resources Limited Investor Presentation December 2022 December 2022 Manuka Resources Presentation | December 2022 1
Slide 2: Disclaimer
Disclaimer This disclaimer applies to this presentation and the information contained in it (the Presentation). By reading this disclaimer you the Company that a prospective investor or purchaser may require in evaluating a possible investment in the Company or agree to be bound by it. The Presentat
Slide 3: Australia – Cobar Basin and New Zealand – Taranaki
Australia – Cobar Basin • Silver and gold at Wonawinta and Mt Boppy • Exceptional exploration potential within the Cobar Basin • Valuable production infrastructure, strategically located • Poised for silver open-pit mining restart, following recent disruption of Covid and La Nina-induced wet weather
Slide 4: Highlights
Highlights ✓ Includes a processing plant with an historical nameplate capacity of 850ktpa (with capacity increasing to 1.1Mtpa)1, mine camp, and all necessary supporting infrastructure. The processing plant has an estimated replacement value of ~$100m The Wonawinta Project is ✓ Scale and quality of
Slide 5: Corporate Overview
Corporate Overview ASX: MKR Share price (14 November 2022) A$0.16 Shares on issue 466m Market capitalisation (undiluted) A$75m Options (exp. April and July 2023 @ 25c) 22.25m “Manuka intends to grow shareholder Options (exp. March 2023 @ 50c) 32m Options (exp. December 2024 @ 35c) 12m value by optim
Slide 6: Board of Directors & Management
(the management team has a combined shareholding in Manuka Resources Board of Directors & Management exceeding 30%) Dennis Karp – Alan Eggers – Anthony McPaul – John Seton – Toni Gilholme – Haydn Lynch – Executive Chairman Executive Director Non-Executive Director Non-Executive Director Company Secr
Slide 7: Cobar Basin
Cobar Basin Manuka owns strategic tenements and valuable infrastructure (historical nameplate processing of 850ktpa, representing approx 15% of regional nameplate plant capacity) Manuka Resources Presentation | December 2022 7
Slide 8: Recent Silver Price Movement
Recent Silver Price Movement The price of silver (US$) has increased 20% over the last 30 days Performance of the Silver and MKR Share Price1 Demand for Silver Silver price (US$/oz) Share Price (A$) • Substantial demand for silver in a growing market with deficit expected 24.0 0.19 23.0 0.18 to reac
Slide 9: Silver Production at Wonawinta
Mt Bopp gold exploration Silver Ag SilverProduction productionat Wonawinta at Wonawinta • Wonawinta produced approx. 3.0Moz silver during 2012-2015 • 2022 and produce ~900,000oz Ag) • JORC mineral resource estimate following extensive infill drilling • ~51Moz JORC Ore silver (also 207Kt Reserve Pb i
Slide 10: Wonawinta Mining Recommencement
Wonawinta Mining Recommencement Following the 2020 – 2022 disruption from COVID and La Niña-induced wet weather, Manuka is poised to recommence open-pit silver mining in 2Q CY23 by re-entering existing open pits to produce at 2.3 Moz Ag pa (plus potential for additional gold credits) Favourable silv
Slide 11: Major Producers and Substantial Discoveries Within Cobar Basin
Major Producers and Substantial Discoveries Within Cobar Basin Manuka has a substantial tenement holding Manuka • Comprehensive exploration target review is currently Operating mines underway, with expected completion in December 2022 Peel Mining Endeavor (Elura) Aurelia Metals Anchor Resources CSA
Slide 12: Wonawinta Tenements – Exploration Targets 2023
Wonawinta Tenements – Exploration Targets 2023 2023 exploration activities - primarily focussed on the following: 1. McKinnons and McKinnons North Targeting: gold mineralisation – 3 geophysical targets to be drilled Objective: grow previous opencut mine (produced 150koz @2.6g/t Au) Activity: combine
Slide 13: A Very Deep Basin
A Very Deep Basin The Wonawinta project at only 60m deep is far shallower than the depths of major producing mines in the Cobar Basin The major producers in the Cobar Basin all operate at substantial depth: • CSA copper gold mine (Glencore owned) >2.0km deep • Peak gold / base metals mine (Aurelia M
Slide 14: Mt Boppy Au
Mt Boppy Au Mt Boppy historically produced 500koz @ 15g/t Manuka commenced production of Mt Boppy in April 2020. At the time of our IPO, we estimated Phase 1 production of 22-24koz Au but have delivered >41koz (560kt @ 3g/t) Higher grades and plant operating efficiencies combine to drive Phase 1 pro
Slide 15: Mt Boppy Tenements – Exploration Targets 2023
Mt Boppy Tenements – exploration targets 2023 2023 Exploration activities to be focussed on the following: 1. Mt Boppy (beneath recently mined pit shell) Mt Boppy Targeting: resource expansion within existing ML Central Structural Zone Objective: grow existing resource >100koz Au Activity: combine R
Slide 16: Taranaki Green VTM Project
Taranaki Green VTM Project (Vanadium, titano-magnetite) Manuka 100% owner - completed Nov 2022 • Offshore Vanadium Titaniferous Iron Sands • West Coast, North Island, New Zealand • World class project
Slide 17: Taranaki Green VTM Project: Location
Taranaki Green VTM Project: Location Located outside territorial waters, in exclusive economic zone (EEZ) Manuka Resources Presentation | December 2022 17
Slide 18: Taranaki Green VTM Project: Iron Sands Project
Taranaki Green VTM Project: Iron Sands Project ✓ World class JORC resource 3.8bt vanadium, titanium and magnetite Forecast to be in the bottom quartile of the global (iron ore) iron ore operating cost curve ✓ Targeted lowest quartile carbon emissions* of Fe producers globally (62kg CO2/t vs 125-250k
Slide 19: Taranaki Green VTM History
Taranaki Green VTM History Initial Objective: To discover and develop VTM (vanadium titano-magnetite) Iron Sands Project offshore North Island, NZ Project Expenditure to date: NZD$85m (US$50m equivalent) Granted EPA Supreme Court Project acquisition Mining Licence Delivered 3.8Bt Environmental decis
Slide 20: Taranaki Green VTM Project Expected Timeline
Taranaki Green VTM Project Expected Timeline Commission and First Production Construction Contracts and Build Finance Final Design and Metallurgical Tests BFS EPA Consents and Marketing reissued Report Completed sale to Manuka Resources Limited Q4 2022 Q1 2023 Q1 2023 Q1 2024 Q1 2024 Q1 2024 Q4 2025
Slide 21: Appendix
Appendix Manuka Presentation December 2022 Manuka Resources Presentation | December 2022 21
Slide 22: Taranaki Green VTM Project: Environment
Taranaki Green VTM Project: Environment • Operation has small environmental • Short term confined environmental impact footprint with only 300m x 900m area of with rapid recovery disturbance at any time • No impact on fish, whales or dolphins • Very low carbon emissions compared to other hard rock i
Slide 23: Resources Summary
Resources Summary On 29 July 2022, a Resource Update was announced for the Mt Boppy gold project through the ASX. On 1 April 2021, a Resource Upgrade was provided for Wonawinta Silver Project reflecting a 43% increase in the Measured and Indicated Resource Categories. Mineral Resource Summary 19 May
Slide 24: Vanadium Overview
Vanadium Overview A Critical Mineral Global Prod. (V2O5) Why Vanadium for utility/grid storage*? Vanadium Lithium Safety: Non-flammable, 40 known fires** at large scale li-ion Annual production~115,000t/yr Vanadium is deemed a critical not susceptible to thermic battery storage systems. Historical g
Slide 25: Taranaki Green VTM Project: Key Highlights
Taranaki Green VTM Project: Key Highlights An emerging vanadium, titanium and iron ore project with a substantial resource. Lowest quartile cost and CO2 emissions for bulk projects, presents potential to realise greater value over medium to long term Experienced board and Early mover advantage DeBee
Slide 26: Taranaki Green VTM Project: JORC Resource Estimates
Taranaki Green VTM Project: JORC Resource Estimates STB Mineral Resource Estimates Mineral Resources Concentrate Cut-Off Fe Mt Fe2O3% Mt Grade % Mining Area Stage 3.5% 1,043 11.28 75 56.31 1 DTR* Kupe Blocks North 3.5% 655 10.97 45 56.73 & South DTR* Mining Area Stage 7.5% 2,137 9.66 2 & Outside 1 &
Slide 27: Integrate Mining Vessel (IMV)
Integrate Mining Vessel (IMV) Length 335m Breadth 60m Depth 26.25m Design Draught 12m Technology has been developed and utilised by De Beers Marine for over 40 years in their mining for diamonds off west coast of Southern Africa. De Beers Marine have provided a commissioning and operating solution f
Slide 28: Summary of estimated concentrate costs
Summary of estimated concentrate costs Summary Estimated Operating Costs (C1) of STB Project (subject to completion of BFS). Commodity Prices 5 September 2022 (Based on 72% operational availability after allowing for inclement weather in South Taranaki Bight.) • Iron Ore (62%Fe): US$105t 4.9Mtpa (co
Manuka Resources — Investor Presentation (December 2022) on 6ix