Pls Group Limited · ASX:PLS
Pls — Pilbara Minerals — Shareholder Meeting (January 2017)
27 slides from Pls's shareholder meeting presentation, Jan 25, 2017
Slide 1: Pilgangoora Lithium-Tantalum Project
For personal use only Pilgangoora Lithium-Tantalum Project ASX: PLS The world’s leading lithium development project January 2017
Slide 2: Disclaimer and Competent Person's Statement
Disclaimer and Competent Person’s Statement Forward Looking Statement Disclaimer For personal use only ► This presentation may contain some references to forecasts, estimates, assumptions and other forward-looking statements. Although the Company believes that its expectations, estimates and forecas
Slide 3: Developing a World-Class, Long-Life Lithium Mining Centre
Developing a World-Class, Long-Life Lithium Mining Centre ►Pilgangoora Project located 120km south of Port Hedland in WA’s For personal use only Pilbara region ►Reserve location offers strategic advantages for infrastructure access, mining approvals and lower cost of operations ►High quality DFS dem
Slide 4: Corporate Summary
Corporate Summary Pilbara Minerals Share price – as at 23 January, 2017 For personal use only Capital Structure ASX: PLS Shares on issue 1260 million Top 20 shareholders Approximately 37% Unlisted Options 117 million Cash at 30/12/2016 ≈$80 million Market capitalisation $687 million @ 54.5¢ Debt Nil
Slide 5: Pilgangoora – A Globally Significant Hard Rock Lithium Resource
Pilgangoora – A Globally Significant Hard Rock Lithium Resource Talison Lithium For personal use only Greenbushes (120@2.4) Nemaska Lithium Birimian Whabouchi (37@1.48) Bougouni (15@1.48) Critical Elements MIN / NeoMetals Rose (37@1.25) Mt Marion (78@1.37) Sayona Authier (14@1.07) RB Energy Ltd Kidm
Slide 6: Global Lithium Markets Surging Demand – Tight Supply
Global Lithium Markets Surging Demand – Tight Supply ► Pilgangoora spodumene concentrates meet the For personal use only metallurgical specifications of the entire range of lithium products ► Cornerstone off-take agreement with General Lithium ► Innovative Run-of-Mine ore offtake agreement with Shan
Slide 7: China Market Overview – 2015 Snapshot (LCE)
China Market Overview – 2015 Snapshot (LCE) For personal use only Domestic Production Imports +10kt Exports +72kt Local Production: • Brine (6kt) -12kt • Spodumene (55kt) * • Spodumene •Lithium Carbonate (2kt) • Brine (6kt) (5kt) LC •Lithium Hydroxide • Lithium Carbonate 13% (10kt) (11kt) +70kt Brin
Slide 8: China – A Lithium Consumption Powerhouse
China – A Lithium Consumption Powerhouse For personal use only ► Broad Central Government policy position towards ‘New Energy’ ► Domestic carbonate pricing took-off coincidentally with acceleration in EV, Electric Bus sales ► Significant expansion through entire lithium-ion supply chain, including m
Slide 9: Pricing, Outlook
Pricing, Outlook ►Forecast price deck derived from basket of Price forecast – Battery-grade Lithium Carbonate For personal use only independent economic and bank/broker models ► China domestic pricing, import pricing and spodumene import pricing models ►Expectation that domestic battery grade carbon
Slide 10: Albemarle Chile Royalty Regime
Albemarle Chile Royalty Regime In January 2017, Albemarle, under agreement to expand lithium production in Chile, agreed to a For personal use only new progressive government commission on Lithium Sold. The commission is applicable to every tonne of product sold from Chile. Will have a significant i
Slide 11: Project Highlights
Project Highlights Outstanding project economics driven by very low cost of operations DFS OUTCOMES, 2Mtpa Process Capacity Base Case For personal use only ► Average annual production of approximately 314ktpa of 6% spodumene concentrates (44ktpa of Lithium Carbonate Equivalent or LCE) and 321,000lbs
Slide 12: Pilgangoora 2Mtpa DFS Complete Project execution underway
Pilgangoora 2Mtpa DFS Complete Project execution underway For personal use only Stage 1 Stage 2 Stage 3 Stage 4 Resource PFS (2Mtpa) DFS (2Mtpa) Project Growth Complete Complete Execution Resource Estimation Project Definition Detailed Design and Project Execution – ► JORC Inferred ► Maiden reserve,
Slide 13: A Rapid Pathway to Financing, Development and Production
A Rapid Pathway to Financing, Development and Production For personal use only PILGANGOORA PROJECT DELIVERY SCHEDULE 2016 2017 2018 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 J A S O N D J F M A M J J A S O N D J F M A M J DFS FUNDING REGULATORY APPROVALS PROCUREMENT (INCL LONG LEAD) MINING CONTRACT BID PREPARATION, M
Slide 14: Pilgangoora Project Status
Pilgangoora Project Status Current Status 3 Month Look Ahead* For personal use only ► Project Mgt resources established ► Completion of process plant design / fix ► Bulk earthworks substantially completed price for Stage 1 of the Camp (initial 60 Rooms) ► Complete the construction of stage 1 ► Comme
Slide 15: 4Mtpa Expansion Option – PFS Complete
4Mtpa Expansion Option – PFS Complete Outstanding economic returns ► Modest incremental capital to expand to 4Mtpa, A$128M For personal use only ► LOM Average annual production of approximately 564ktpa of 6% spodumene concentrates inclusive of technical grade product (75ktpa LCE); 579,000lbs of tant
Slide 16: Summary Key investment takeaways
Summary Key investment takeaways For personal use only One of the Outstanding Emerging low- largest lithium project Ideally placed to cost Australian resources and economics Rapid pathway to capitalize on robust strategic high grade (inc. demonstrated financing and market outlook and metals of Tanta
Slide 17: Additional Information
Additional Information For personal use only Developing a globally significant new Australian lithium business 17
Slide 18: Board of Directors
Board of Directors For personal use only Tony Kiernan Steve Scudamore Robert G Adamson Neil Biddle Ken Brinsden John Young Non-Executive Non-Executive Non-Executive Non-Executive Director MD and CEO Technical Director Chairman Director Director Highly experienced Highly experienced Geologist with ov
Slide 19: Resources & Reserves
Resources & Reserves Resources: For personal use only Category Tonnage Li2O (%) Ta2O5 (ppm) Fe2O3 (%) Li2O (T) Ta2O5 (Mlbs) (Mt) Measured 17.6 1.39 151 0.44 244,000 5.9 Indicated 77.7 1.31 125 0.58 1,017,000 21.5 Inferred 61.1 1.13 125 0.71 691,000 16.8 Total 156.3 1.25 128 0.61 1,952,000 44.2 Reser
Slide 20: Pilbara Minerals – Overview
Pilbara Minerals – Overview ► 100% ownership of the world-class Pilgangoora Lithium-Tantalum Project in WA’s For personal use only Pilbara region ► Significant lithium-tantalum reserve, with major exploration upside ► One of the largest spodumene-tantalite resources in the world, with excellent reco
Slide 21: Pilgangoora – Mining
Pilgangoora – Mining A straightforward open pit mining proposition ► Updated Measured, Indicated and Inferred Resource of For personal use only 156.3Mt @ 1.25% Li2O and 128ppm Ta2O5 containing 1,950,000 tonnes Li2O, and including 44Mlbs Ta2O5 ► Ore Reserve of 69.8Mt @ 1.26% Li2O and 132ppm Ta2O5 ► C
Slide 22: Pilgangoora – Processing
Pilgangoora – Processing Improved Lithia and Tantalite Recovery ► 2-stage heavy media separation For personal use only ► Gravity separation, tantalite recovery ► Improved Tantalite recovery, concentrate grade and pricing outcomes ► Grinding leading to oxide flotation ► Low/High intensity magnetic se
Slide 23: Lithium Raw Materials – Battery Supply Chain
Lithium Raw Materials – Battery Supply Chain Future Value Added Products For personal use only Pilbara and General Lithium Spodumene Lithium Upgraders Cathode & Battery E Transport Mine Carbonate/Hydroxide & Component Electrolyte Producer Producer Grid Storage Mixers Producers & Grid Stabilisation D
Slide 24: General Lithium – a major producer of lithium chemicals in China
General Lithium – a major producer of lithium chemicals in China For personal use only ► Listed on NEEQ, Beijing, Code No: 837358 ► Currently produces 8,000tpa of Lithium Carbonate (LC) & 2,000tpa of High Purity LC 4N (99.99%) ► Soon to commission 5,000tpa of Lithium Iron Phosphate (LFP), Li battery
Slide 25: Downstream Chemical Processing
Downstream Chemical Processing For personal use only ► Strategy is to develop partnerships with key lithium chemicals industry participants ► Access to technology, operating expertise and intellectual property ► Shortcut to Pilbara’s participation in downstream lithium chemicals market, supporting t
Slide 26: Global Motor Vehicle Lithium Demand
Global Motor Vehicle Lithium Demand For personal use only ► Tesla Model 3 to be released in ► China, Japan and Korean Government 2017, retail price of US$36,000, policy strongly supports EVs with large 400,000 orders already and growing rebates, zero sales tax and free licensing ► Mercedes Benz rele
Slide 27: Pilgangoora Lithium-Tantalum Project
For personal use only Pilgangoora Lithium-Tantalum Project Developing a globally significant new Australian lithium project
Pilbara Minerals — Shareholder Meeting (January 2017) on 6ix