Blackstone Minerals Ltd · ASX:BSX
Blackstone Minerals — Investor Presentation (February 2021)
26 slides from Blackstone Minerals's investor presentation, Feb 17, 2021
Slide 1: BSX Investor Presentation
BSX INVESTOR PRESENTATION ASX:BSX FEBRUARY 2021 www.blackstoneminerals.com.au admin@blackstoneminerals.com.au
Slide 2: Cautionary Statement
The Scoping Study at Ta Khoa, referred to in this announcement, has been undertaken to determine the potential to restart the Ta Khoa Nickel-Cu-PGE project and develop downstream processing This report contains forward-looking statements which are identified by words such as ‘may’, ‘could’, ‘believe
Slide 3: Investment Thesis: Key Investment Highlights
INVESTMENT THESIS KEY INVESTMENT HIGHLIGHTS FLAGSHIP TA KHOA NICKEL PGE (CU CO) Experienced Board and Management team – with a track record of executing SULFIDE PROJECT - NORTHERN VIETNAM strategy and delivering value Strong macro tail winds - Blackstone provides excellent exposure to the growing el
Slide 4: Blackstone Board: Best In Class Leadership
BLACKSTONE BOARD BEST IN CLASS LEADERSHIP WITH A PROVEN TRACK RECORD OF CORPORATE SUCESS Scott Hamish Andrew Peter Williamson Halliday Radonjic Plakidis Hoirim Jung Managing Non-Executive Non-Executive Non-Executive Non-Executive Director Chairman Director Director Director More than 20 years Mine G
Slide 5: Management Team Driving Development of Ta Khoa
MANAGEMENT TEAM DRIVING THE DEVELOPMENT OF TA KHOA AS A MINE-TO-MARKET NICKEL BUSINESS CFO & Company Chartered Accountant with more than 14 years’ experience in accounting, company secretarial and Jamie Byrde Secretary corporate advisory. Dr Stuart Owen Head of Exploration BSc & PhD in Geology with
Slide 6: Strong Macro Tail Winds: Nickel Demand Drivers
STRONG MACRO TAIL WINDS NICKEL DEMAND DRIVERS Blackstone is taking steps to become a globally significant, green nickel™ product supplier catering to the battery market Significant amounts of capital committed (existing, under construction Forecast Cathode Market Composition - 2025 and planned) into
Slide 7: Unique Business Model: Integration Of Li-Ion Battery Supply Chains
UNIQUE BUSINESS MODEL INTEGRATION OF LI-ION BATTERY SUPPLY CHAINS Mine Security of supply concern is driving investment further upstream into Li-ion battery supply chains Ore → Concentrate Blackstone’s flagship Ta Khoa Nickel – Copper – PGE Project in Vietnam is a district scale, green nickel™ sulfi
Slide 8: Unique Business Model: Large Scale, Infrastructure Advantage
UNIQUE BUSINESS MODEL LARGE SCALE, INFRASTRUCTURE ADVANTAGE, EPICENTER OF ASIA ELECTRONICS AND EV MANUFACTURING Large scale modern underutilised hydroelectric power generation within Son La province, Vietnam Vietnam is the centre of a large electronics manufacturing industry with world leaders inclu
Slide 9: Unique Business Model: Project Location And Infrastructure
UNIQUE BUSINESS MODEL PROJECT LOCATION AND INFRASTRUCTURE Son La Hydropower Plant - a renewable energy source for the Ta Khoa Project www.blackstoneminerals.com.au admin@blackstoneminerals.com.au Page 9
Slide 10: Scalable And Modular: Addressing Security Of Supply Concerns
SCALABLE AND MODULAR ADDRESSING SECURITY OF SUPPLY CONCERNS By combining the existing mineral inventory, exploration potential and ability to source third party concentrate, Blackstone can increase the scale of its downstream refining business to meet the rising demand for downstream nickel products
Slide 11: Scalable And Modular: Potential For Multiple JV Partners
SCALABLE AND MODULAR POTENTIAL FOR MULTIPLE JV PARTNERS Ta Khoa Nickel-Cu-PGE Third party concentrate M&A Project Scalable Refinery Blackstone’s strategy to secure supply will lay the foundations to collaborate with multiple JV Multiple JV Partners partners on the downstream business Scalable chemic
Slide 12: Partner Collaboratively On The Downstream To Maximise Returns
SCALABLE AND MODULAR BLACKSTONE INTENDS TO PARTNER COLLOBORATIVELY ON THE DOWNSTREAM TO MAXIMISE RETURNS Conversion of nickel concentrate into a MHP chemical, and thereafter to Precursor NCM uses established and well understood technology Cheap hydro power renewable energy source is a key driver for
Slide 13: Scoping Study Represents Base Case Economics
SCALABLE AND MODULAR SCOPING STUDY REPRESENTS BASE CASE ECONOMICS Blackstone’s downstream Precursor NCM product significantly improves the payability of nickel, from ~70-80% to ~ 125-135% of LME metal prices NPV: Mining: Resource: Life of Mine: Free Cash Flow: US$665m 12.7ktpa 44.3Mt @ 0.52% Ni 8.5
Slide 14: Competitive Operating Advantage: Vietnam Business Landscape
COMPETITIVE OPERATING ADVANTAGE VIETNAM BUSINESS LANDSCAPE Vietnam is a booming economy that is ideally placed to become a major hub supporting the Lithium-ion battery industry Vietnam has minimized the impact of COVID-19 Vietnam has unparalleled access to renewable energy – economic recovery superi
Slide 15: Investing In Blackstone Is An Environmentally Responsible Allocation Of Capital
COMPETITIVE OPERATING ADVANTAGE INVESTING IN BLACKSTONE IS AN ENVIRONMENTALLY RESPONSIBLE ALLOCATION OF CAPITAL OEMs are demanding Li-ion batteries sourced from green nickel™ supply chains. The industry will be willing to pay a premium for responsibly sourced green nickel™ Carbon intensity (CO2/ t o
Slide 16: Aggressive Exploration Targeting High Grade MSV & DSS Mine Life Extensions
DISTRICT SCALE NICKEL SULFIDE OPPORTUNITY – TA KHOA PROJECT AGGRESSIVE EXPLORATION TARGETING HIGH GRADE MSV & DSS MINE LIFE EXTENSIONS District scale Nickel PGE (Cu Co) green nickel™ sulfide project Prioritising targets within a 5km of existing Ban Phuc 450ktpa concentrator Blackstone has defined a
Slide 17: Exploration Pipeline
DISTRICT SCALE NICKEL SULFIDE OPPORTUNITY – TA KHOA PROJECT EXPLORATION PIPELINE Ten active drill rigs targeting MSV and DSS prospects, intended to support the construction of a new 4Mtpa concentrator as well as the restart of the existing concentrator Suoi Chanh Queen Snake Suoi Tao Nam Noi Concept
Slide 18: Ban Phuc DSS Underpins Base Case Economics
DISTRICT SCALE NICKEL SULFIDE OPPORTUNITY – TA KHOA PROJECT BAN PHUC DSS UNDERPINS BASE CASE ECONOMICS Blackstone discovered the King Cobra shallow, high grade zone within the Ban Phuc DSS www.blackstoneminerals.com.au admin@blackstoneminerals.com.au Page 18
Slide 19: Ban Khoa Has Potential To Add Significant Mine Life
DISTRICT SCALE NICKEL SULFIDE OPPORTUNITY – TA KHOA PROJECT BAN KHOA HAS POTENTIAL TO ADD SIGNIFICANT MINE LIFE The Ban Khoa prospect is analogous to the Ban Phuc DSS orebody Blackstone has commenced drilling to delineate DSS resources at Ban Khoa www.blackstoneminerals.com.au admin@blackstoneminera
Slide 20: Staged Capex And By-Products
DISTRICT SCALE NICKEL SULFIDE OPPORTUNITY – TA KHOA PROJECT STAGED CAPEX AND BY-PRODUCTS 01 Staged Capex ▪ Scoping Study considers immediate construction of 4Mtpa treatment facility to process ore mined at the large tonnage, Ban Phuc DSS orebody ▪ Project also features an established and well-mainta
Slide 21: Maiden Resource At Ban Chang Expected In 2021 H1
DISTRICT SCALE NICKEL SULFIDE OPPORTUNITY – TA KHOA PROJECT MAIDEN RESOURCE AT BAN CHANG EXPECTED IN 2021 H1 www.blackstoneminerals.com.au admin@blackstoneminerals.com.au Page 21
Slide 22: Drilling Of New EM Conductors At King Snake Intersecting Massive Ni Sulfides
DISTRICT SCALE NICKEL SULFIDE OPPORTUNITY – TA KHOA PROJECT DRILLING OF NEW EM CONDUCTORS AT KING SNAKE IS INTERSECTING MASSIVE Ni SULFIDES RESULTS INDICATE SYSTEM IS OPEN DOWN PLUNGE AND DOWN DIP www.blackstoneminerals.com.au admin@blackstoneminerals.com.au Page 22
Slide 23: Thank You
THANK YOU Suite 3, Level 3, 24 Outram Street, West Perth, WA, 6005 T: +61 8 9425 5217 | F: +61 8 6500 9982 E: admin@blackstoneminerals.com.au | www.blackstoneminerals.com.au
Slide 24: Appendix 1 - Project Portfolio
APPENDIX 1 - PROJECT PORTFOLIO 03 Silver Swan South Project (Gold-Nickel) ▪ Drill ready targets for both gold and nickel sulfide along strike of major gold and nickel sulfide mines, accessed via sealed road ~40km from Kalgoorlie, Western Australia 02 ▪ Silver Swan South Project, together with some o
Slide 25: Appendix 2 – Corporate Snapshot
APPENDIX 2 – CORPORATE SNAPSHOT BLACKSTONE MINERALS LIMITED Experienced Board and Management team ASX Code BSX Strong macro tail winds OTCQX Code BLSTF Unique business model Shares on Issue 321.8m Last Share Price (16 Feb 2021) $A0.54 Scalable and modular Market Capitalisation A$174m Competitive ope
Slide 26: Competent Person Statement
The information in this report that relates to Exploration Results and Exploration Targets is based on information compiled by Mr Andrew Radonjic, a Non-Executive Director and Technical Consultant of the company, who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Andrew Radon
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