Blackstone Minerals Ltd · ASX:BSX
Blackstone Minerals — RIU Explorers Conference 2023
17 slides from Blackstone Minerals's conference presentation, Feb 16, 2023
Slide 1: Blackstone Minerals Company Presentation
Looking forward. For personal use only Mining green. Blackstone Minerals Company Presentation 16 February 2023 ASX:BSX
Slide 2: Important information and disclaimers
Important information and disclaimers For personal use only The PFS referred to in this Presentation is the study of the potential viability of the Ta Khoa Refinery Project. It has been undertaken to understand the technical Exploration Results: and economic viability of the TKP: The information in
Slide 3: Investment Summary
Investment Summary For personal use only Vertically integrated mining and refining business model using hydro- electric power Globally relevant nickel sulfide mineral resource and probable reserve First quartile cost position with lowest carbon footprint Partnership based model involving debt and eq
Slide 4: Corporate Snapshot
Corporate Snapshot For personal use only BOARD OF DIRECTORS BSX BLSTF 473.3m ASX Code OTCQX Code Shares on Issue A$0.14 A$66.3m ~A$18.2m Last Share Price Market Cash as at Scott Hamish Dr Frank Alison Daniel (14 February 2023) Capitalisation 31 December 2022 Williamson Halliday Bierlein Gaines Lough
Slide 5: Blackstone Minerals
Blackstone Minerals Looking forward. TKNP For personal use only Mining green. Mine Refinery Hanoi 1 Integrated producer of low cost, low carbon nickel Ta Khoa Nickel Project (Upstream) Low carbon production (9.8kg CO2/kg pCAM2) Laos • Mine restart with DFS underway Integrated mining and refining
Slide 6: Vertically Integrated Business Model
Vertically Integrated Business Model For personal use only UPSTREAM BUSINESS DOWNSTREAM BUSINESS BLACKSTONE MINERALS Targeting Southeast Ta Khoa Lynn Lake Minago Asian Lithium-ion Nickel Wingellina Project % battery and EV market BSX 90% BSX ~15% BSX ~17% BSX ~7% Ta Khoa Refinery >40ktpa Convert Ni
Slide 7: Net Zero Advantage Green Nickel
Net Zero Advantage Green Nickel™ For personal use only Blackstone Minerals has the opportunity to build a net zero operation from day one PRESSURE VERTICALLY CORPORATE SULFIDE RENEWABLE OXIDATION FOSSIL FUEL INTEGRATED COMMITMENT NICKEL POWER LEACH REPLACEMENT VALUE CHAIN TO ESG FLOWSHEET GREEN NICK
Slide 8: Jurisdiction Advantage Ta Khoa Nickel Project
Jurisdiction Advantage Ta Khoa Nickel Project Vietnam open for business For personal use only Existing concentrator 1 Increasingly attractive FDI candidate • FDI of $15.8B in 2020 – increased from $1.3B in 20001 • World Bank ease of doing business1 (70); Indonesia (73), Brazil (124) • Over 20 operat
Slide 9: Cost Advantage
Cost Advantage Leading sulphate cost position For personal use only Nickel Sulphate cost curve Cost Comparison, Ta Khoa vs Indonesian NPI-Matte First quartile positioning for Ta Khoa nickel sulphate Competitive cost advantage X axis: C1 costs ($/t), y axis: supply (kt) Sulphate Stage Cost comparison
Slide 10: Green Nickel Advantage
Green NickelTM Advantage Leading ESG positioning For personal use only Road-map to Net Zero Life cycle analysis peer comparison LCA analysis identified clear and achievable pathway to net zero Bifurcation of demand expected along ESG lines pCAM GHG (kg CO2 eq per kg of high nickel pCAM) pCAM GHG com
Slide 11: Ta Khoa Nickel Resource
A S X : B S Ta Khoa Nickel Resource Premier Nickel sulphide district X 1 For personal use only 1 Mineralised district 1 Ta Khoa Resource (MI+I): 130 Mt at 0.37% Ni (485kt Ni)1 Ban Phuc Resource (MI+I): 123 Mt at 0.37% Ni (452kt Ni)1 Experienced geology and exploration teams 2 Exploration targe
Slide 12: Ta Khoa Nickel Project
Ta Khoa Nickel Project Baseload feed for Refinery For personal use only Large reserve and mining inventory 1 Probable Reserve1: 48.7Mt at 0.43% Ni for 210kt Ni Mining inventory of 64.5Mt at 0.41% Ni for 265kt Ni Excludes Ban Khoa and other developing prospects Open Pit Design 2 Average L
Slide 13: Ta Khoa Project Overall Process Flow Diagram
Ta Khoa Project Overall Project Process flow Diagram For personal use only ASX : BSX 13
Slide 14: Nickel Security Advantage
Nickel Security Advantage Feed flexibility gives Blackstone a nickel sourcing advantage For personal use only Nickel Concentrate Mixed Hydroxide Precipitate Nickel Matte Ta Khoa Refinery Black Mass ASX : BSX 14
Slide 15: Flowsheet Piloting
Flowsheet Piloting DFS Piloting Success For personal use only Refinery Piloting ALS successfully completed a 12-month, >1,800 hr run time program Feed blends consisted of nickel concentrate from Ta Khoa and concentrate and MHP from 3rd parties (including Trafigura) Processed in excess 9 tonnes
Slide 16: Upcoming Milestones for Blackstone
UPCOMING MILESTONES FOR BLACKSTONE For personal use only Refine and Increase Strategic Integrated Accuracy of Project Investments Ta Khoa Parameters & 3PF Project Valuation Ta Khoa Project Review of Definitive Feasibility concentrate feed Upstream PFS Studies opportunities Technical Focus on Fully I
Slide 17: Contact Us
For personal use only CONTACT US T: +61 8 9425 5217 F: +61 8 6500 9982 E: admin@blackstoneminerals.com.au www.blackstoneminerals.com.au Level 5, 600 Murray Street, West Perth, WA, 6005