Sunrise Energy Metals Limited · ASX:SRL
Sunrise Energy Metals — Clean TeQ Holdings — Investor Presentation (February 2015)
35 slides from Sunrise Energy Metals's investor presentation, February 2015
Slide 1: Syerston Scandium Project
Syerston Scandium Project A paradigm shift for a strategic metal Investor Presentation – February 2015 Clean TeQ Holdings Limited (ASX: CLQ)
Slide 2: Disclaimer and Important information
Disclaimer and Important information Certain statements in this presentation are forward looking statements. By their nature, forward looking statements involve a number of risks, uncertainties or assumptions that could cause actual results or events to differ materially from those expressed or impl
Slide 3: Clean TeQ Corporate Summary
Clean TeQ Corporate Summary | ASX : CLQ Issued Capital As at 6 February 2015 Cash and Debt Year Listed 2007 Cash on Hand – 31 Dec 2014 $3.5M Shares 300.1 M Short Term Debt – 31 Dec 2014 $2M Options 8.5 M Convertible Notes – 31 Dec 2014 $4.1M Convertible Notes 40.7 M 6 Month Price Chart Fully Diluted
Slide 4: Clean TeQ Management Team
Clean TeQ Management Team | Metals CHAIRMAN & CEO - Sam Riggall FOUNDER & CIO - Peter Voigt Sam is a graduate in law and commerce and Peter Voigt is a graduate in chemistry and a an MBA from Melbourne University. He was MAppSc from Royal Melbourne Institute of previously Executive Vice President of
Slide 5: Clean TeQ Corporate Summary | Key Milestones
Clean TeQ Corporate Summary | Key Milestones The following represents the key milestones for Clean TeQ: Date Milestone 1989 Company founded - Focused on biological air treatment (Clean Air Techniq Pty Ltd) 1989-2000 Company grows to largest odour control company in Australia 2000 Worldwide exclusive
Slide 6: Clean TeQ Metals | Structure
Clean TeQ Metals | Structure • Clean TeQ Metals (“CTM”) formed to Clean TeQ Ltd focus on direct investment, licensing and development of assets utilising its 100% Ownership technologies. • Targeting projects where: Clean TeQ Metals – CLQ’s IP and expertise will provide Pty Ltd a value uplift; – Mini
Slide 7: Strategic Metals | Key Ingredients
Strategic Metals | Key Ingredients What makes a metal…. Limited Supply Large Change New vision of in Material the future Properties New Materials, New Uses ...a catalyst for disruptive change?
Slide 8: Scandium | The Next Strategic Metal
Scandium | The Next Strategic Metal • Scandium, or Scandium Oxide (Sc2O3) as it is commonly marketed, has enormous potential to play a key role in the emerging aerospace, transport and energy sectors. • While relatively abundant in the earth’s crust, it is extremely rare to find concentrated occurre
Slide 9: Al-Sc Alloys | Future Materials
Al-Sc Alloys | Future Materials Aluminium alloys with scandium Atomic arrangement of Sc in Al3Sc phase: Alloy Potential Current Alloy System Sc % Applications Packaging, electrical 1xxx Pure Al 0.2-0.4% conductors 2xxx Al-Cu 0.01-0.06% Structural aerospace Beverage cans, cooking 3xxx Al-Mn 0.1-0.26%
Slide 10: Al-Sc Alloys | Aerospace and Automotive
Al-Sc Alloys | Aerospace and Automotive Grain Refinement: • Aluminium-Scandium (Al-Sc) alloys have the following benefits: – Grain refinement: smaller evenly shaped grains : increased strength – Superplasticity: Al-Sc alloys can be subjected to higher stresses to form (Source: scandium.org) more com
Slide 11: Al-Sc Alloys | Aerospace and Automotive
Al-Sc Alloys | Aerospace and Automotive Commercial Aerospace Commercial Automotive New Airplanes to be delivered by 2032: New Light Vehicles 2010-2015 (millions of units): 2015 Total: 75M (Source: Boeing) Total: 35,280 (Source: Average Aluminium content per aircraft: CSM Worldwide) • Boeing: 51 tonn
Slide 12: Solid Oxide Fuel Cells | Energy Production
Solid Oxide Fuel Cells | Energy Production • Solid Oxide Fuel Cells (SOFC’s) convert gas into electricity, heat and water • SOFC’s use hard ceramic materials as the electrolyte – normally yttrium-stabilised zirconium • Sc-stabilised zirconium electrolyte allows (Source: SOFC Power) for operation at
Slide 13: Additive Layer Manufacturing | Future Manufacturing
Additive Layer Manufacturing | Future Manufacturing – Additive Layer Manufacturing (ALP): 3D • 3D printed part (EADS-Airbus): printing of component parts – Complex geometries and unique shapes formed. – Minimising waste, reducing cost of production. – Produced directly from computer aided design (CA
Slide 14: Scandium | Other Emerging Applications
Scandium | Other Emerging Applications • Emerging industries which can grow the scandium market… – High voltage tension wire – high efficiency transmission lines due to Sc-Al alloys having high electrical conductivity – Sporting equipment – baseball bats, golf clubs, lacrosse sticks, bicycle frames
Slide 15: Scandium | Current Supply Issues
Scandium | Current Supply Issues Historical Global Scandium Oxide Production • Main source: by-products or stockpiles 14,000 12,000 • Due to limited supply and high production 10,000 costs, the total global consumption ranges Sc2O3, kg p.a. 8,000 Rest of 6,000 the World from 5-12tpa 4,000 (58%) 2,00
Slide 16: Scandium | Key Industry Issues
Scandium | Key Industry Issues Requirements to establish a scandium market: 1. A large source of high grade scandium – Australian high grade scandium resources are geologically unique and represent the best long term supply source for multiple industries, with >30,000t of Sc resources (100+ years of
Slide 17: Scandium | Syerston Scandium Project
Scandium | Syerston Scandium Project 1. Long Term Supply: Clean TeQ Metals (“CTM”) has acquired the Syerston Project in New South Wales, Australia. Syerston is potentially the largest and highest grade scandium deposit in the world. 2. Lowest Production Cost: Using our proprietary technology, CTM is
Slide 18: Syerston | Acquisition Structure
Syerston | Acquisition Structure • CTM has acquired the Syerston Project with the following structure: – CTM has acquired 100% of the shares of Ivanplats Holding Company Pty Ltd (“IHC”) from Ivanhoe Mines subsidiary Australia Nickel and Platinum Holding Co P/L. – IHC’s wholly owned subsidiary, Ivanp
Slide 19: Syerston | Project Location & History
Syerston | Project Location & History • The Syerston Project consists of: – An Exploration License (EL 4573); – Mining Lease Applications (MLA 113, 132, 139, 140, 141 & 162 [limestone deposit]); – Freehold land over portion of project area; – Established bore field south of Project; and – Project de
Slide 20: Syerston | Project Geology
Syerston | Project Geology • Deposit hosted within a tertiary aged lateritic weathered profile. • The Tout Ultramafic Complex underlies the Project, with the central dunite core rich in nickel, cobalt and platiniods. • Deposit thickness of 35-40m at the core, thinning out laterally • The scandium-ri
Slide 21: Syerston | Project Geology
Syerston | Project Geology • Key Points: 1. Shallow resource amenable to low cost open cut mining. 2. High grade zones for selective mining in early years of operation. 3. Potential resource upgrade through assaying shallow depths.
Slide 22: Syerston | Scandium Mineral Resource
Syerston | Scandium Mineral Resource Measured, Indicated and Inferred Scandium Scandium Mine - Measured & Indicated Resource Comparison Resource (JORC 2012): 10,000 9,000 Scandium cut-off of 300ppm Sc: CTM: Tonnage, Sc Grade, Sc Sc2O3 Equiv 8,000 Category Syerston Mt ppm Tonnes Tonnes* 7,000 Measure
Slide 23: Syerston | Grade is King
Syerston | Grade is King…. • Other scandium sources range Grade Estimates for Scandium Sources 700 from 10-100ppm Sc. • Scandium production from these 600 sources are limited by: Maximum Scandium Grade, ppm Sc 500 – Throughput of material – Relative operating costs to recover 400 low-grade material.
Slide 24: Syerston | Fast Track Development Path
Syerston | Fast Track Development Path • Sufficient resource definition for Feasibility Study (Measured & Indicated) – Includes high grade zones for first years of operation. • Development Consent in place, with Mining Lease Applications (MLA) currently over project area. – Includes all environmenta
Slide 25: Syerston | Established Borefields
Syerston | Established Borefields “Eastern” borefield “Western” borefield
Slide 26: Syerston | Development Timeline
Syerston | Development Timeline Year 2014 2015 2016 2017 Stage Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Initial Resource Statement √ Metallurgical Bench Scale Testwork √ Scoping Study Feasibility Study Piloting Feasibility Study Offtake Agreement Finalisation Project Funding Design & Construction Comm
Slide 27: Syerston | Scandium Flow Sheet
Syerston | Scandium Flow Sheet Tails ROM Key Area of Value Generation Optional Sc Ni/Co Neutralisation Milling Sc Leaching Extraction Extraction / Tailings Legend: Ni/Co Industry Available Technology Sc Purification Purification CLQ Proprietary IP Sc2O3 Product Ni/Co By-product Two key unit processe
Slide 28: Syerston | Scandium Flow Sheet
Syerston | Scandium Flow Sheet Leaching • Two “industry standards” for sulphuric acid: – Atmospheric Leaching (AL) – Low capital but high acid consumption – High Pressure Acid Leaching (HPAL) – Low acid consumption but high capital cost • Optimised approach required to provide a lower cost of produc
Slide 29: Clean TeQ Technology | A Brief History of Clean-iX
Clean TeQ Technology | A Brief History of Clean-iX® 60 Year Development Path for Metal Leaching, Extraction and Recovery technologies: Date Event Clean-iX® 1951 All Russian Research Institute of Chemical Technology (ARRICT) founded ARRICT supplies the Russian nuclear industry, defence production and
Slide 30: Clean TeQ Technology | A Proven Track Record
Clean TeQ Technology | A Proven Track Record Base Technology Development (ARRICT): • Over 30 full scale operations over 40 years for uranium and gold recovery. Clean-iX® Development: • 2006: Proven extraction of Scandium from laterite ore • 2008: License to BHPB for Nickel and Cobalt recovery, focus
Slide 31: Clean TeQ Technology | The Clean-iX Process
Clean TeQ Technology | The Clean-iX® Process • Platform technology for leaching, extraction and elution of metals. • Clean TeQ has built on 40 years of R&D and commercial operation to develop a process specific for scandium extraction from laterite ores. Resin-in-Pulp (cRIP) or Resin-in-Column (cLX)
Slide 32: Clean TeQ Technology | Clean-iX Benefits
Clean TeQ Technology | Clean-iX® Benefits • Clean-iX® combines the processes of: – Leaching – Extraction – Elution/Desorption • Clean-iX® recovers single or multiple metals. • Key Advantages: – Higher metal recovery – High selectivity for target metals, reducing system size and reagents – Multiple m
Slide 33: Clean TeQ Technology | Demonstration Plant
Clean TeQ Technology | Demonstration Plant • Clean TeQ owns a laterite Resin-In- Pulp system and may be utilised for Feasibility Study testwork • Processes include: – Resin-in-Pulp (up to 10 contactors) – Elution – Neutralisation • Fully automated with high level of process control. • Containerisabl
Slide 34: Clean TeQ Metals | A Step Ahead of the Rest
Clean TeQ Metals | A Step Ahead of the Rest • Potentially highest grade and largest scandium resource in the world with potential for further resource upside. • Key development milestones in place (MLA’s, development consent, borefield). • Next generation technology for low cost scandium extraction
Slide 35: Ferntree Business Park, Notting Hill, Victoria
Ferntree Business Park, 2 Acacia Place Notting Hill, Victoria, Australia 3168 Tel : +61 3 9797 6700 Email: info@cleanteq.com Web: cleanteq.com/metals Page I 35
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