Anax Metals Limited · ASX:ANX
Anax Metals — Investor Presentation (October 2023)
31 slides from Anax Metals's investor presentation, October 2023
Slide 1: Whim Creek – Sustainable Copper Production & Processing Hub in the Pilbara
- WHIM CREEK – SUSTAINABLE COPPER PRODUCTION & PROCESSING HUB IN THE PILBARA ASX:ANX – October 2023
Slide 2: Disclaimer
Anax Metals Limited DISCLAIMER This presentation has been prepared by Anax Metals Limited (the Company) based on information from its own, and third-party sources and is not a disclosure document. No party other than the Company has authorised or caused the issue, lodgement, submission, despatch or
Slide 3: Company Strategy
Anax Metals Limited COMPANY STRATEGY Technology driven development and growth DELIVERY Delivering shareholder value through developing and consolidating advanced assets using innovative technology – The Whim Creek Copper Hub EXPLORATION Leveraging value through targeted exploration for lithium, gold
Slide 4: Near Term Value Drivers
Anax Metals Limited NEAR TERM VALUE DRIVERS WHIM CREEK PROJECT: Fully Permitted & Established Mine site with Potential For near term Copper Production $410M PROJECT FREE CASHFLOWS + RESOURCE GROWTH POTENTIAL Heap leach delivers 20% increase in cashflows from $340M (DFS) to > $410M including copper
Slide 5: Whim Creek Copper – Growth Driven by an Electric Future
Anax Metals Limited WHIM CREEK COPPER – GROWTH DRIVEN BY AN ELECTRIC FUTURE 40% of future demand growth is from green technologies 18 CAGR 16 14 Electric Vehicles 15% a year Total Incremental Consumption (Mt) 12 10 Offshore Wind 10% a year 8 6 4 Solar Power 4% a year 2 0 2020 2025 2030 2035 2040 Sou
Slide 6: The Copper Supply Side Challenge and the Whim Creek Opportunity
Anax Metals Limited THE COPPER SUPPLY SIDE CHALLENGE AND THE WHIM CREEK OPPORTUNITY A shortage of quality projects ready for development Quality, probable projects with necessary scale, in low-risk WHIM CREEK - THE OPPORTUNITY: jurisdictions 1. RAPID, COST-EFFECTIVE Increasingly stringent ESG requir
Slide 7: The SXEW Flowsheet and Products
Anax Metals Limited THE SXEW FLOWSHEET AND PRODUCTS Whim Creek Heap SX EW infrastructure was originally developed by Straits Resources to produce 15ktpa Copper cathode COPPER SOLVENT EXTRACTION AND ELECTROWINNING Industry standard copper solvent extraction and electrowinning Production of 5-10kt
Slide 8: Zinc Sulphate – A Green Product with Significant Growth Potential
Anax Metals Limited ZINC SULPHATE – A GREEN PRODUCT WITH SIGNIFICANT GROWTH POTENTIAL Zinc Sulphate may be produced in three hydrated crystalline forms which have a diverse range of uses and applications. Key market segments include medical, agriculture (fertilisers), water purification, paper, elec
Slide 9: Copper Mining in the Pilbara – Whim Creek Project
Anax Metals Limited COPPER MINING IN THE PILBARA WHIM CREEK PROJECT www.anaxmetals.com.au Email: info@anaxmetals.com.au
Slide 10: Project Economic Highlights – Combined DFS and Bioleach Study
Anax Metals Limited PROJECT ECONOMIC HIGHLIGHTS – COMBINED DFS and Bioleach Study 1, 2 , 3, 4 $410M in Project Cashflows from the production of copper zinc lead concentrates and copper cathode and ZnSO4 crystal Whim Creek Project owned by ANX (80%) and Develop (20%) Pre-Production Capital Free Cashf
Slide 11: Whim Creek – A Permitted and Established Mining Site
Anax Metals Limited WHIM CREEK – A PERMITTED AND ESTABLISHED MINING SITE Whim Creek Overview Location 120 km from Port Hedland and Karratha Mineralisation VMS Site Haul Roads, Workshops, Offices, Bore field, Infrastructure Crushing Plant, Heap and Ponds, SX and EW plants, Power-house and Gas Spur Mi
Slide 12: Whim Creek – A Processing Hub with Sorting, Concentrator and Heap Leach Facilities
Anax Metals Limited WHIM CREEK – A PROCESSING HUB WITH SORTING, CONCENTRAOR AND HEAP LEACH FACILITIES 1 Haul Road to Mons Cupri Crushing and Ore Sorter plant Concentrator SX-EW Plant Powerhouse W-drains Heap Offices Workshops Raw Water Pond Process Ponds Overflow ponds 1. ASX announcement 11 Septemb
Slide 13: Whim Creek Project Financial & Economic Outcomes
Anax Metals Limited WHIM CREEK PROJECT FINANCIAL & ECONOMIC OUTCOMES (DFS + Bioleaching Scoping Study) METRIC UNIT OUTCOME Net Revenue (net of TCs and Royalties) $M (LOM) 1079 Operating costs $M (LOM) 628 Operational cashflow $M (LOM) 451 Free cash (pre-finance, pre-tax) $M (LOM) 340 IRR % 54% Cashf
Slide 14: Growth
Anax Metals Limited DFS GROWTH www.anaxmetals.com.au Email: info@anaxmetals.com.au
Slide 15: Evelyn High Grade Growth Potential
Anax Metals Limited EVELYN HIGH GRADE GROWTH POTENTIAL 1,2 Longhole Open Stoping (bottom-up) at 20 m level spacings, unconsolidated backfill 2.5 year mine life Production Target (Indicated + Inferred) of 583Kt Reserve (Ind. only) of 0.5Mt @ 2.11% Cu, 3.32% Zn, 34 g/t Ag and 0.88 g/t Au 50Z
Slide 16: Whim Creek Processing Hub – Centre of the Pilbara Base Metals Province
Anax Metals Limited WHIM CREEK PROCESSING HUB – CENTRE OF THE PILBARA BASE METALS PROVINCE Planned and existing Infrastructure is ideally suited for a regional processing hub Whim Creek will have the facilities to treat oxide, transitional and primary sulphide ores from surrounding orebodies R
Slide 17: Consolidation Selling Points
Anax Metals Limited Consolidation Selling Points BENEFITS Whim Creek - fully permitted site with near-term production potential Whim Creek has the unique ability to treat primary and secondary ore (mitigating metallurgical risk) Low Capex development option by using concentrator and heap Tai
Slide 18: Lithium Gold and Copper Exploration
Anax Metals Limited LITHIUM GOLD AND COPPER EXPLORATION www.anaxmetals.com.au Email: info@anaxmetals.com.au Weathered pegmatite outcrop at Loudens Patch
Slide 19: Whim Creek Exploration
Anax Metals Limited WHIM CREEK EXPLORATION Located in highly prospective Archean granite- greenstones of the Pilbara region, encompassing the width of the Whim Creek Greenstone Belt Near mine extensions to known copper-zinc-lead resources remain underexplored Pegmatites at Whim Maar and betwee
Slide 20: Whim Creek Project Exploration (cont.)
Anax Metals Limited WHIM CREEK PROJECT EXPLORATION (cont.) Pegmatites observed at Whim Maar and Loudens Patch systematically mapped and sampled in August 2023, confirming cohesive anomalism. Drilling targets defined1 Central area remains underexplored.1 GSWA mapping and 3D structural modelling d
Slide 21: Whim Maar Lithium Exploration
Anax Metals Limited WHIM MAAR LITHIUM EXPLORATION Mapping defines extensive pegmatite swarms at Whim Maar following the regional northeast structural and magnetic trend Rock sample analysis confirmed anomalous lithium in historically mapped pegmatites 1 Lithium is highly mobile and zoned pegma
Slide 22: Loudens Patch Lithium Exploration
Anax Metals Limited LOUDENS PATCH LITHIUM EXPLORATION Weathered pegmatite outcrop at Loudens Patch Lithium soil anomalies were defined with UltraFine+™ soil sampling in 2021 and 2022 across the western half of Loudens Patch. Recent reconnaissance rock chip sampling and mapping verified these anomali
Slide 23: Corporate and ESG
Anax Metals Limited CORPORATE AND ESG www.anaxmetals.com.au Email: info@anaxmetals.com.au
Slide 24: Capital Structure
Anax Metals Limited CAPITAL STRUCTURE Share Price Market Capitalisation Top Shareholders $0.034 $15M (On 17 October 2023) INSTITUTIONAL AND HNW 44.98% 43.47% Shares On Issue Cash DIRECTORS 429.9M ~ $1.7M 11.27% RETAIL (On 17 October 2023) (On 30 June 2023) Unsecured Loan Notes1 Enterprise Value Shar
Slide 25: Board of Directors
25 PHILLIP JACKSON GEOFF LAING PETER CORDIN PHIL WARREN (Barrister and Solicitor) (Chemical Engineer) (Civil Engineer) (Chartered Accountant) Chairman Managing Director Non-Executive Director Non-Executive Director Barrister and solicitor with significant legal and international Chemical Engineer, w
Slide 26: Management Team
Anax Metals Limited MANAGEMENT TEAM JENINE OWEN JENINE OWEN ANDREW MCDONALD WENDY BEETS DAN O'HARA BCompt, CAANZ, GAICD BSc (Hons) Geology, PG Dip (GIS), Grad Cert (Mineral Economics), MAIG BSc, MIAG Bachelor Env Sc Chief Financial Officer Manager Projects Manager Projects Generation Environmental M
Slide 27: ESG
Anax Metals Limited ESG ENVIRONMENTAL SOCIAL GOVERNANCE Anax is actively pursuing a low carbon Strong community involvement Experienced and diverse board development strategy for Whim Creek by building Anax is co-funding the refurbishment of the Ore-sorting and Bioleaching into mining operatio
Slide 28: Appendices
APPENDICES Massive sulphide copper-zinc mineralisation in 22AED003 and 22AED004A * *Reported: Evelyn Underground Mining and Metallurgy Studies Finalised 20 February 2023*
Slide 29: Appendix 1: Resources and Reserves
Anax Metals Limited Appendix 1: RESOURCES AND RESERVES RESERVES Ore Cu Zn Pb Ag Au Classification Deposit Mt % % % ppm ppm Mons Cupri 1.06 1.46 1.58 0.68 38 0.28 Proven Sub-total 1.06 1.46 1.58 0.68 38 0.28 Mons Cupri 1.49 0.83 1.08 0.47 23 0.14 Whim Creek 0.72 1.54 1.14 0.15 7 0.06 Probable Evelyn
Slide 30: Appendix 3: Source Documents (Whim Creek Processing Hub)
Anax Metals Limited Appendix 3: SOURCE DOCUMENTS (WHIM CREEK PROCESSING HUB) Company Name Source Documents Sabre Resources https://www.asx.com.au Artemis Resources: https://wcsecure.weblink.com.au • Whundo https://www.asx.com.au • Munni Hondo • Whundo Ayshia https://www.alienmetals.uk https://www.as
Slide 31: Many Thanks
MANY THANKS Contact: Geoff Laing (Managing Director) Address: Ground Floor West, 20 Kings Park Road E-mail: info@anaxmetals.com.au Phone: +61 8 6143 1840 Website: www.anaxmetals.com.au