Slide 1: The Dolphin Tungsten Mine
THE DOLPHIN TUNGSTEN MINE For personal use only The Dolphin Tungsten Mine | IMARC 2022 Presentation (ASX: G6M)
Slide 2: Investor Presentation IMARC November 2022
For personal use only INVESTOR PRESENTATION IMARC NOVEMBER 2022 The Dolphin Tungsten Mine | IMARC 2022 Presentation
Slide 3: Corporate Overview – Group 6 Metals
Corporate Overview – Group 6 Metals For personal use only 6-Month Share Price and Volume A$0.195 630.8M Share Price Shares on Issue 01/11/22 A$123M A$5.9M Market Cap Cash (@ $0.195) At 30 September A$20.4M A$32.84M Undrawn Debt Facilities Debt At 30 September At 30 September The Dolphin Tungsten Min
Slide 4: Top Shareholders – Group 6 Metals
Top 15 Shareholders – Group 6 Metals 1. Richard & Gwenda Chadwick 15.99% For personal use only 2. Chris Ellis – Executive Director 13.77% 3. D.A.CH.S. Capital AG 9.50% 43% Top 15 4. Elphinstone Holdings Pty Ltd 3.22% 57% Other 5. Anthony James Haggarty 2.94% 6. Catherine Morritt 1.86% 7. Citicorp No
Slide 5: Board of Directors – Group 6 Metals
Board of Directors – Group 6 Metals For personal use only Johann Jacobs Chris Ellis Greg Hancock Keith McKnight Chairman Executive Director Non-Executive Director Managing Director & CEO Johann has held a number of executive Chris has over 40 years’ experience in the Greg is Managing Director of Han
Slide 6: Location and Existing Infrastructure – Dolphin Tungsten Mine
Location and Existing Infrastructure – Dolphin Tungsten Mine Strategic location with access to key tungsten markets For personal use only King Island The Dolphin G6M owns an The Port of Grassy Purchase of Ballarat Tungsten Mine is adjacent property accommodates Clarendon College located near the (Po
Slide 7: King Island Scheelite: As It Was – Now
King Island Scheelite: As It Was – Now Group 6 Metals Dolphin Tungsten Mine First discovered in 1911 by prospector For personal use only Tom Farrell First operated in 1917 and closed in 1990 due to sustained low tungsten prices Operated by Peko-Wallsend group from 1947 and achieved a maximum c
Slide 8: Project Investment Fundamentals – Dolphin Tungsten Mine
Project Investment Fundamentals – Dolphin Tungsten Mine For personal use only $ Under 14-year mine Proven Offtake Critical Highest Construction life with Processing Agreements Mineral Grade and on target to significant flowsheet secured for up Ranked tungsten produce first resource and producing hig
Slide 9: Project Economics – Dolphin Tungsten Mine
Project Economics – Dolphin Tungsten Mine Compelling economics for initial 14 years of mine life For personal use only A$300m A$92.7m A$147/mtu WO3 NPV @ 8% CAPEX OPEX Pre Tax (Incl Contingency) 38% 400/300 ktpa A$491/mtu APT Price – 3 year avg IRR Annual Mine (Pre-Tax) Production *WO3 concentrate t
Slide 10: Tungsten Production Cost Curve – Dolphin Tungsten Mine
Tungsten Production Cost Curve – Dolphin Tungsten Mine Lowest cost producer globally For personal use only Global Tungsten Cost Curve Dolphin Tungsten Mine $600.00 Non-Chinese Mines $550.00 $500.00 Chinese Mines $450.00 $400.00 A$330 per MTU AU$ PER MTU $350.00 $300.00 Average production cost for $2
Slide 11: A World-Class Quality Deposit
A World-Class Quality Deposit For personal use only Dolphin Tungsten Mine is a world class quality deposit that ranks significantly better than its peers Source: Company reports and announcements The Dolphin Tungsten Mine | Investor Presentation
Slide 12: Mine Reserves and Resources – Dolphin Tungsten Mine
Mine Reserves and Resources – Dolphin Tungsten Mine Long mine life with significant exploration upside For personal use only Resource Historical Records Dolphin – 9.6M tonnes @ 0.90% W03 • Historical mine records reconcile (0.20% cut-off) extremely well with recent drilling Bold Head – 1.6M tonnes @
Slide 13: Achieving Key Milestones – Dolphin Tungsten Mine
Achieving Key Milestones – Dolphin Tungsten Mine For personal use only Secured Tasmanian Government Loan for Secured $31m in AUD $10m over a 10- Equity Funding Official year term and Reviewed and $10m in Commencement Project Debt Finance Equipment of Construction Commencement of First Proposals Fina
Slide 14: Construction of Australia's Next Tungsten Mine
Construction of Australia’s Next Tungsten Mine Redevelopment of Dolphin Tungsten Mine (DTM), King Island, Tasmania For personal use only Procurement of Long Lead equipment completed mid last year and >95% of deliveries have been received at site. Civil works >90% complete with final pours to be
Slide 15: Project Development Works Progress
Project Development Works Progress For personal use only The Dolphin Tungsten Mine | Investor Presentation
Slide 16: Low Risk Mining Restart – Dolphin Tungsten Mine
Low Risk Mining Restart – Dolphin Tungsten Mine First concentrate on track for Q1 2023 For personal use only • Developed open cut pit with access to economic ore on commencement of mining Mining lease valid to 2029 and extendable • Owner operated truck and shovel mining fleet, Environmental approval
Slide 17: Proven and Optimised Process Flowsheet
Proven and Optimised Process Flowsheet Higher recovery, lower cost and low risk For personal use only Historically proven and simple gravity separation for coarse ore separation 60t/hr ore feed rate to produce 2,750t pa WO3. Additional spare capacity of 20% available Optimised fine ore separat
Slide 18: Offtake Agreements – Dolphin Tungsten Mine
Offtake Agreements – Dolphin Tungsten Mine Recognised partners in Tungsten For personal use only Wolfram Bergbau und Hütten AG – a world leading supplier of tungsten powders and a subsidiary of the US$20 bn market $264M cap Sandvik Group (STO: SAND) – 35,000 mtu of WO3 per annum for 4 years Trax
Slide 19: ESG Commitment – Group 6 Metals
ESG Commitment – Group 6 Metals For personal use only Group 6 Metals is committed to redeveloping the Dolphin Tungsten Mine in a responsible and sustainable manner, preserving the environment while also generating jobs, growth and economic returns through the commencement of mining from this asset P
Slide 20: Tungsten: A Critical Industrial Metal
Tungsten: A Critical Industrial Metal An element of great economic importance For personal use only Tungsten is ranked by the British Geological Surveys, various US Departments, the European Commission, Japan, Russia and Australia as a 'critical' mineral: - Due to its economic importance - Supply
Slide 21: Demand For Tungsten – Global
Demand For Tungsten – Global Growing demand and list of new industrial applications For personal use only Current Cemented carbides used in drilling tools and wear-resistant parts Alloy steels and alloys used primarily in tools Mill products Smart technologies (high-purity for semiconductor
Slide 22: Tungsten Price History
Tungsten Price History Price history For personal use only Ammonium paratungstate (or APT) is a white crystalline material and is described as the most APT PRICE PER MTU (EU LOW) important raw material for all other tungsten products SEPT 2017- SEPT 2022 550.00 Tungsten concentrate pricing is re
Slide 23: Disclaimer
Disclaimer For personal use only This presentation has been prepared by Group 6 Metals Limited (“G6M”) as a summary of its Dolphin – “Exploration Drilling Results May 2018” released 17 May 2018 Project. It is for general information purposes only. This presentation is not and should not be – “Update
Slide 24: For personal use only
For personal use only JOHANN JACOBS KEITH MCKNIGHT EXECUTIVE CHAIRMAN MANAGING DIRECTOR & CEO +61 (0) 416 125 449 +61 (0) 410 635 251 johannj@g6m.com.au keithm@g6m.com.au @Group6Metals www.g6m.com.au