Skylark Minerals Limited · ASX:SKM
Skylark Minerals — Investor Presentation (August 2021)
25 slides from Skylark Minerals's investor presentation, Aug 25, 2021
Slide 1: Investor Presentation: Advancing Citronen Zn-Pb Project
Investor Presentation: Advancing Citronen Zn-Pb Project August 2021
Slide 2: Disclaimer
Disclaimer FORWARD LOOKING STATEMENTS The mining-specific information in this report, which relates to Ore Reserves, is based on The following information is not intended to guide any investment decisions in Ironbark Zinc information compiled by Mr Andrew Gasmier CP (Mining), who is a Member of The
Slide 3: Exploration Target: Disclaimer to Slide Supporting Information
Exploration Target: Disclaimer to Slide 10 Supporting Information The Exploration Target listed on Slide 8 of 40-90Mt @ 5-7% Zn+Pb combined is formed on the basis of historic exploration work at Citronen, including over 60,000m of diamond drilling and subsequent work sufficient to declare the Minera
Slide 4: 2021: Progress Continues
2021: Progress Continues Milestones continue to be executed Q1 March 2020 May 2020 September 2020 October 2020 November 2020 December 2020 July 2021 2022 IBG presents @ IBG Repatriates Citronen Fiery Creek IBG Receives Section 19-43 Ore Reserve Finalise Greenland Day, $1.5m from Metallurgy Copper Go
Slide 5: Citronen: Geopolitically Strategic Location
Citronen: Geopolitically Strategic Location “Reaffirm the importance of further developing sustainable economic growth in the Arctic, acknowledge the role of responsible resource Red Dog management and sustainable economic development for livelihoods in the region…” − Arctic Council, Reykjavik, May
Slide 6: Corporate Overview
Corporate Overview Capital Structure Price/Vol(M) - Last 12 months Register Analysis $0.04 125 Danny Segman Shares on Issue 1.2 Billion 12% 100 Bennelong Resource $0.03 11% Capital Pty Ltd Share price (TBC) $0.020 75 Trafigura $0.02 50 8% Glencore $AUD Mkt Cap $24m 63% 4% $0.01 25 Board & Management
Slide 7: Investment Highlights
Investment Highlights A positive EXIM decision in Q4 2021 presents a huge opportunity to IBG shareholders (current and future) Positive 2021 BFS EXIM Bank Leverage to Tier 1 ESG Zn Role in Low Results Opportunity Zinc Price Standards Carbon Market Robust economics Initial credit decision Equity heav
Slide 8: 2021 BFS Results
2021 BFS Results Pragmatic set of assumptions underpins robust financial case; significant leverage to Zinc price Production Resource • 20 year mine life @ 3.3Mtpa • Ore Reserve: 49Mt @ 4.8% Zn & 0.5% Pb • 65Mt processed @ 4.7% Zn & 0.5% Pb • Mineral Resource: 85Mt @ 4.7% Zn & 0.5% Pb • 2.5Mt Zn met
Slide 9: EXIM Bank Update (Debt Strategy)
EXIM Bank Update (Debt Strategy) Initial credit decision expected Q4 2021; positive outcome will provide IBG with change opportunity About EXIM Financing Strategy Process & Timing Examples US Government’s official Export IBG is seeking EXIM Bank to Target decision Q4 2021 EXIM backed HPPL/Roy Hill w
Slide 10: Undervalued Compared to ASX Zinc Peers
Undervalued Compared to ASX Zinc Peers Underlying asset quality, and de-risking steps already achieved, not being fully recognised by the market Ironbark Zinc (ASX:IBG) Apollo Minerals Limited (ASX:AON) Rumble Resources (ASX:RTR) Flagship Project & Location# Citronen, Greenland Krousso, Gabon Earahe
Slide 11: Recent Investments in Greenland
Recent Investments in Greenland Major investors including Bill Gates, Jeff Bezos and Ray Dallio – via KoBold Metals – now investing in country • Bluejay Mining (AIM:JAY) – £118m mkt cap; recently closed a capital raise with KoBold Metals to explore in Greenland • KoBold shareholders include entities
Slide 12: Environment, Social and Governance
Environment, Social and Governance Inherently high ESG performance standards will be embedded into Citronen operations Greenland an EU “OCT” Greenlandic nationals are EU citizens and Greenland can export, tariff free, to the EU common market • OCT = Overseas Countries & Territories • Affiliation via
Slide 13: Citronen: Indicative Timeline 2021/22
Citronen: Indicative Timeline 2021/22* EXIM decision in December Quarter 2021 pivotal to meeting indicative timeline 2021 2022 Q3 Q4 Q1 Q2 BFS Completed EXIM Loan Application submitted EXIM Loan Application decision Finalise supporting financial arrangements Target FID (EXIM financing decision + add
Slide 14: Appendix A: Citronen Project Overview
Appendix A Citronen Project Overview
Slide 15: A1 – Mineral Resources and Ore Reserves
A1 – Mineral Resources and Ore Reserves Table 1 – Ore Reserves Category Tonnes (Mt) ZnEq Grade (%)* Zn Grade (%) Pb Grade (%) ZnEq Metal (Mt) Zn Metal (Mt) Pb Metal (Mt) Proved 24.6 5.1 4.6 0.5 1.2 1.2 0.1 Probable 24.2 5.1 5.0 0.4 1.2 1.1 0.1 Total (P&P) 48.8 5.1 4.8 0.5 2.5 2.3 0.2 The Ore Reserve
Slide 16: A2 – Project Layout
A2 – Project Layout Figure showing planned mine and surface infrastructure at the Citronen Project. 16 Corporate Update | August 2021
Slide 17: A3 – Geology
A3 – Geology Block Model & Exploration Targets Citronen Project drill holes, block model extent and exploration target areas highlighting the strike length of known mineralisation and high-grade drill intercepts including outside or at the edge of the current block model extent. Current 85Mt Mineral
Slide 18: A4 – Examples of Deposit Type (Scale Potential)
A4 – Examples of Deposit Type (Scale Potential) Grade / tonnage for 121 clastic dominated lead-zinc deposits. Reference: Taylor, R.D., Leach, D.L., Bradley, D.C., and Pisarevsky, S.A., 2009, Compilation of mineral resource data for Mississippi Valley-type and clastic-dominated sediment-hosted lead-z
Slide 19: Appendix B: Zinc Market Analysis
Appendix B Zinc Market Analysis
Slide 20: B1 - Supply/Demand
B1 - Supply/Demand Zinc’s role in the coming world is underappreciated at present; new mines are a must to meet forecast Glencore Forecast (1.5c warming scenario) Required growth equivalent Wood Mackenzie Forecast Zn metal to come Market Size (2019=100) to ~1x new Red Dog every Kt Zn from mines not
Slide 21: B2 - Positive Price Support
B2 - Positive Price Support Lack of investment in new projects will underpin the Zinc price The build out of battery raw materials capacity is confirmed Pricing peaking in 2021 for most metals Zinc faces a larger future supply gap than Copper, equal to Lithium and only Zn price forecast indicative o
Slide 22: B3 - Cost Curves v Price Relationship
B3 - Cost Curves v Price Relationship Over last 20 years, Zinc price heavily supported around the 90th centile cost curve position Zinc Price USc/lb v C1+Sustaining Costs 2000 to 2021(e) 160.0 • In the early 2000s there was some 140.0 weakness in Zn price but support at 75th centile cost curve. 120.
Slide 23: B4 - Impact of Possible Future Carbon Pricing
B4 - Impact of Possible Future Carbon Pricing Zinc amongst least impacted metals by potential higher carbon pricing in future Carbon taxes would have a variable impact on mined commodity markets, but marginal pricing levels would be elevated for all The highest emissions aluminium producers would se
Slide 24: B5 - Renewables, Battery and Agriculture
B5 - Renewables, Battery and Agriculture As a key part of the base metal suite, Zinc will benefit from several macro tailwinds in the future Renewables Batteries Agriculture • Utility scale solar installations • Lithium embedded for mobility; • Micro nutrient in fertiliser but • Offshore wind farms
Slide 25: Contact Ironbark Zinc Limited
Authorised by the Board Contact Ironbark Zinc Limited Michael Jardine Level 3, 22 Railway Road, Managing Director SUBIACO 6008 admin@ironbark.gl https://ironbark.gl/
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