Slide 1: Investor Update – Commissioning for Growth
Element 25 Limited Investor Update – Commissioning for Growth Growing a world class Zero Carbon Manganese™ business Investor Presentation – March 2021
Slide 2: Introduction
Introduction Disclaimer Overview This presentation contains only a brief overview of Element 25 Limited and its Developing the world class Butcherbird Manganese Project in Western associated entities (“Element 25") and their respective activities and operations. The Australia to produce high quality
Slide 3: Not all manganese is created equal…
Not all manganese is created equal… E25 Manganese Serving the Old… And the New… • Manganese (Mn) is the fourth most used metal • The electrification of the global vehicle fleet on earth in terms of tonnage. requires vast amounts of cathode materials. • Used in steel, specialty alloys and aluminium p
Slide 4: Great infrastructure endowment, fully permitted.
Great infrastructure endowment, fully permitted. Extensive Exploration Tenure E52/2350 M52/1074 Granted Mining Lease Measured & Indicated Resources are the basis Simple Logisitcs for the 42-year Base Case -4-
Slide 5: Very simple geology equals low-cost manganese…
Very simple geology equals low-cost manganese… • Ore from surface • Above the water table • Strip ratio ~0.3:1 • Free digging (no blasting) -5-
Slide 6: Stage 1: Project Delivery on time and budget
Stage 1: Project Delivery on time and budget Mining Lease granted Access agreements finalised Processing water confirmed Maiden product Engineering design completed shipment Fully funded imminent. Fully permitted Construction completed Dry commissioning completed Wet commissioning has commenced! Low
Slide 7: Low capex Stage 1 provides a springboard for rapid growth…
Low capex Stage 1 provides a springboard for rapid growth… • Low capex. • Rapid startup. Mn25 Mn25 Mn25 • Establish cashflow. • Fund High Purity Manganese (HPM) 341,000 t/a $583 million 387% annual Production over NPV5 pre-tax IRR pre-tax from strengthened balance sheet. 40 year mine life Only ten m
Slide 8: Stage 2 expansion turbocharging cashflows to fund HPM…
Stage 2 expansion turbocharging cashflows to fund HPM… • Incremental capital required. • • Financing being secured now. Flowsheet process proven. Mn25 Mn25 Mn25 • Rapid deployment. 1,023,000 t/a $1.138 billion 359% • Fund High Purity Manganese Annual Production over NPV5 pre-tax IRR pre-tax 40 year
Slide 9: “Old world” manganese demand continues to grow
“Old world” manganese demand continues to grow High silica Butcherbird concentrates are ideally suited to the fastest Driven by growing market segment, global silicomanganese. A steadily & economic consistently growth growing market -9-
Slide 10: New Energy Vehicle (NEV) Demand Growing MUCH Faster…
New Energy Vehicle (NEV) Demand Growing MUCH Faster… Li-ion battery market development for electric vehicles 58% by 2040 percentage of new vehicles that will be EV or hybrid 54 million EV passenger sales by 2040 from 2033 decline emissions from road transport 17.6M by 2040 barrels of oil displaced b
Slide 11: If not manganese, then what?
If not manganese, then what? Global mined cobalt output (Kt) • Manganese (Mn) is the fourth most 58% by 2040 utilised metal globally. percentage of new vehicles that will be EV or hybrid 54 million • It is the cheapest, most abundant of the NMC cathode materials (Ni,Mn,C). EV passenger sales by 2040
Slide 12: If not manganese, then what?
If not manganese, then what? High manganese • VW moving to a high manganese cathode cathodes planned for most vehicles for the majority of its vehicles. • High manganese means better energy density and lower cost. • Requires large volumes of high purity manganese sulphate. • Element 25 is targeting
Slide 13: Zero Carbon Manganese™ – a no brainer…
Zero Carbon Manganese™ – a no brainer… Sustainable Extraction Supply-chain decarbonization will be a ‘game changer’ for the impact of corporate climate action. Nigel Topping, UNFCCC Renewable Energy Powered Processing Sustainable extraction Renewable energy Low-carbon processing Fuel cell haulage Ca
Slide 14: EV Fuel – Zero Carbon High Purity Manganese…
EV Fuel – Zero Carbon High Purity Manganese… Battery Grade Manganese flowsheet design well advanced, optimisation program initiated… (99.95% Mn) - 14 -
Slide 15: Our Journey…
Our Journey… Stage 1 Stage 2 Stage3 Stage4 $583 million NPV $1.14 billion NPV High Purity Mn Decarbonise Under construction PFS study complete PFS study anticipated Global benchmark for commissioning Q1 2021 startup 2022 for completion 2021 Zero Carbon Manganese™ 9 month plan 1.5 year plan 5 year pl
Slide 16: Thank you.
Thank you. For more information, please contact Element 25 Limited: +61 8 6315 1400 admin@e25.com.au www.element25.com.au
Slide 17: Reserves and Resources
Reserves and Resources Maiden Ore Reserve1 Category Tonnes (Mt) Mn (%) Contained Mn (Mt) • 89% conversion of measured Proved 14.4 11.5 1.65 and indicated resources to Probable 36.2 9.8 3.56 reserve. Total 50.6 10.3 5.22 • Maiden Reserve only exploits Global Mineral Resource2 approximately 20% of glo
Slide 18: Competent Person’s Statement
Competent Person’s Statement The information in this presentation that relates to Exploration Results is based on information compiled by Mr Justin Brown who is a full-time employee of the Company and is a member of the Australasian Institute of Mining and Metallurgy. Justin Brown has sufficient exp