Wa1 Resources Ltd · ASX:WA1
Wa1 Resources — Investor Presentation (July 2024)
25 slides from Wa1 Resources's investor presentation, Jul 22, 2024
Slide 1: West Arunta Project Corporate Presentation
41 Nb Niobium 92.906 For personal use only WEST ARUNTA PROJECT ONE OF THE WORLD’S MAJOR CRITICAL MINERAL DEPOSITS CORPORATE PRESENTATION JULY 2024
Slide 2: Important Notices and Disclaimers
IMPORTANT NOTICES AND DISCLAIMERS Nature of Document: This presentation has been prepared and issued by WA1 Resources Not an offer: This presentation and its contents are not an invitation, offer, solicitation or For personal use only Ltd (WA1, the Company) to provide general information about the C
Slide 3: Advancing the West Arunta Project to Efficiently Unlock Stakeholder Value
ADVANCING THE WEST ARUNTA PROJECT TO EFFICIENTLY For personal use only UNLOCK STAKEHOLDER VALUE KEY DELIVERABLES INITIAL UPGRADE KEY BENEFICIATION LUNI MINERAL HERITAGE, METALLURGICAL ZONES OF THE OPTIMISATION & REGIONAL RESOURCE PERMITTING AND TESTWORK RESOURCE VARIABILITY EXPLORATION ESTIMATE DEVE
Slide 4: Corporate Snapshot
CORPORATE SNAPSHOT PRO-FORMA CAPITAL STRUCTURE2 PRO-FORMA REGISTER COMPOSITION2 For personal use only SHARE PRICE (19 JULY 2024) A$15.76 SHARES ON ISSUE (PRO-FORMA)2 64.9M 17% 24% BOARD AND MANAGEMENT OPTIONS1 AND PERFORMANCE RIGHTS 3.9M TALI RESOURCES MARKET CAP (UNDILUTED) A$1,022M 13% INSTITUTION
Slide 5: Leadership Team
LEADERSHIP TEAM CORPORATE AND PROJECT GEOLOGY KEY ADVISORS For personal use only Tom Hunter, GM Corporate & Finance Stephanie Wray, GM Exploration & Geology Paull Parker, Consultant Geologist ▪ Chartered Accountant with 15+ years professional and ▪ Planned and executed WA1’s maiden drill program and
Slide 6: A Globally Significant Critical Mineral Discovery
A GLOBALLY SIGNIFICANT CRITICAL MINERAL DISCOVERY For personal use only The most significant niobium discovery in more than 70 years and one of the world’s major critical minerals deposits 41 Niobium is a critical mineral which is Nb Niobium essential in value-add materials and 92.906 technologies f
Slide 7: West Arunta Project
WEST ARUNTA PROJECT ▪ Located in Western Australia, one of the world’s pre-eminent mining jurisdictions ▪ Key access is via the Mid-State Highway, 1,300km to Port Hedland and 800km to Alice Springs For personal use only ▪ Regional geological modelling and interpretation underpins recent expansion of
Slide 8: Luni Mineral Resource
LUNI MINERAL RESOURCE1 ▪ Inferred Mineral Resource estimate (MRE) contains world-class grade and scale: ▪ 200 Mt @ 1.0% Nb2O5 2.1% For personal use only ▪ The MRE contains a significant high-grade subset of: ▪ 53 Mt at 2.1% Nb2O5 ▪ MRE is constrained to shallow, weathered mineralisation, starting fr
Slide 9: Luni Mineral Resource
LUNI MINERAL RESOURCE1 ▪ Drilling has focused on defining a shallow enriched blanket of high-grade niobium mineralisation ▪ Over 250 holes have been drilled at Luni, with ongoing resource drilling to better define high-grade parts For personal use only and increase resource confidence ▪ The minerali
Slide 10: CBMM - Araxá Niobium Mine
CBMM - ARAXÁ NIOBIUM MINE1 ▪ The Araxá niobium deposit was discovered in 1953 and is located approximately 6km from the city of Araxá in the state of Minas Gerais, Brazil For personal use only ▪ The carbonatite complex is circular in shape with an average grade of 2.5% Nb2O5 within its shallow high-
Slide 11: Niobium Industry Flowsheets
NIOBIUM INDUSTRY FLOWSHEETS1 INTERMEDIATE STEPS CONVERSION TO For personal use only BENEFICIATION (Pyrometallurgy or FERRONIOBIUM Hydrometallurgy) (Pyrometallurgy) 53% Unoptimised Future testwork Rec’y Crushing & Grinding Desliming Future Programs Future Programs programs will provide LUNI LOCKED CY
Slide 12: Initial Flotation Results for Luni
INITIAL FLOTATION RESULTS FOR LUNI1 SIMPLIFIED TESTWORK FLOWSHEET GRADE-RECOVERY CHART OF KEY OPEN CYCLE AND LOCKED CYCLE TESTS 100 Phosphate Luni Core Crushing and Phosphate Desliming Flotation 90 For personal use only Sample Grinding Concentrate (Stage 1) Open cycle concentrate (4th cleaner): 80 6
Slide 13: Global Niobium Supply
GLOBAL NIOBIUM SUPPLY GRADE OF PRIMARY NIOBIUM PRODUCERS1 (Nb2O5) GLOBAL FERRONIOBIUM PRODUCTION2 2.5% For personal use only 100 Ferroniobium production eq. 80% GLOBAL SUPPLY BY PRODUCER3 75 (ktpa) 11% 8% 50 25 1.0% - 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 0.4% HISTORIC PRICING
Slide 14: Niobium Market Distribution
NIOBIUM MARKET DISTRIBUTION FeNb supply1 FeNb demand2 For personal use only Listed as critical3 CANADA 8% EUROPE 20% JAPAN CHINA S. KOREA 35% 13% NORTH AMERICA IDENTIFIED BY MANY 18% COUNTRIES AS A CRITICAL 11% MINERAL DUE TO SUPPLY BRAZIL CONCENTRATION 91% WEST ARUNTA 80% PROJECT EU Critical Minera
Slide 15: The Only Replacement for Steel Is Better Steel
BAY ADELAIDE CENTER - TORONTO ZUN TOWER - CHINA 41 Nb Niobium 92.906 The only For personal use only replacement ONE WORLD TRADE CENTER – NEW YORK for steel is better steel ZUN TOWER1 130,000t total steel used in construction Adding 0.02% Nb to steel MARINA BAY SANDS - SINGAPORE componentry resulted
Slide 16: Ferroniobium Demand
FERRONIOBIUM DEMAND NIOBIUM DEMAND BY TYPE1 ▪ Global ferroniobium production KEY FERRONIOBIUM MARKETS is approximately 88ktpa and For personal use only sells for ~US$30,000/t1 ▪ Micro-alloyed steels using niobium increase the efficiency of the steel industry OIL & GAS STRUCTURAL PIPELINES ▪ Strength
Slide 17: Niobium Oxide Demand
NIOBIUM OXIDE DEMAND ▪ Niobium oxide is predominately NIOBIUM DEMAND BY TYPE3 produced through additional SPECIALTY NIOBIUM MARKETS For personal use only treatment applied to refined ferroniobium1 NIOBIUM OXIDE 12% ▪ Key established and high-growth markets include2: AEROSPACE SUPERCONDUCTORS ▪ Super
Slide 18: Niobium Oxide Demand – Batteries
NIOBIUM OXIDE DEMAND – BATTERIES NIOBIUM BATTERY TECHNOLOGY NIOBIUM BATTERY LEADERS ▪ 10x longer life than traditional batteries – significantly For personal use only reducing e-waste1,2 ▪ Ultra-fast charging – full charge in 6 minutes or less2 ▪ Increased stability – up to 20,000 fast charge and di
Slide 19: Key Project Workstreams
KEY PROJECT WORKSTREAMS For personal use only Drilling Process Testwork Environmental Drilling is ongoing - Optimisation and variability Baseline surveys and metallurgical, infill and testwork is ongoing studies are ongoing extensional drilling underway Transport Studies Water Power Solution Multipl
Slide 20: Community Engagement
COMMUNITY ENGAGEMENT For personal use only PRIORITISE OUR RELATIONSHIPS TO MANAGE, ASSISTING WITH LOCAL COMMUNITY PROACTIVE AND OPEN ENGAGEMENT PROTECT AND PRESERVE CULTURAL PROJECTS WITH TRADITIONAL OWNERS HERITAGE Corporate Presentation | Page 20
Slide 21: WA1's ESG Focus
WA1’S ESG FOCUS For personal use only 41 Nb Niobium 92.906 POSITIVE IMPACT ON THE FUTURE FACING MINERAL BUSINESS ETHICS AND COMMUNITIES WITHIN THE EXPLORATION ENABLING CORPORATE GOVERNANCE LANDS WE OPERATE DECARBONISATION Corporate Presentation | Page 21
Slide 22: For personal use only
For personal use only Key infrastructure established for ongoing exploration and development activities Corporate Presentation | Page 22
Slide 23: Contact
41 Nb Niobium 92.906 For personal use only Advancing an essential critical mineral project for the constrained, high-value niobium market WA1 Resources Ltd Investors Product Marketing Media Paul Savich Gustavo Macedo Michael Vaughan Lvl 2, 55 Carrington Street, Managing Director Niobium Marketing Ad
Slide 24: Appendix A - References and Notes
Appendix A - References and Notes For personal use only SLIDE 7 3. Australian Critical Mineral List 2023 1. For full details refer to WA1 website and previous ASX announcements 4. EU Critical Mineral List, retrieved from https://op.europa.eu/en/publication-detail/-/publication/57318397-fdd4-11ed-a05
Slide 25: Appendix B – Mineral Resource & Competent Person Statement
Appendix B – Mineral Resource & Competent Person Statement For personal use only Tonnes (Mt) Nb₂O₅ (%) Nb₂O₅ (kt) P₂O₅ (%) P₂O₅ (kt) Inferred 200 1.0 1,900 8.8 17,000 1. Mineral Resources are classified and reported in accordance with JORC Code (2012). Competent Person Statements: 2. The effective d