Czr Resources Ltd · ASX:CZR
Czr Resources — Merger or Acquisition (February 2025)
19 slides from Czr Resources's merger presentation, Feb 25, 2025
Slide 1: Fenix to Acquire CZR: A New Western Force in Iron Ore
For personal use only FENIX TO ACQUIRE CZR A New Western Force in Iron Ore 25 FEBRUARY 2025 | ASX: FEX | ASX:CZR
Slide 2: Important Disclosure: Important notices
IMPORTANT DISCLOSURE Important notices This presentation has been prepared by Fenix Resources Limited (Fenix) and CZR Resources Limited (CZR) and has been authorised for release by the Board of Directors of Fenix and CZR on the basis it is to be read in conjunction with these important notices and d
Slide 3: Competent Person and Compliance Statements
IMPORTANT DISCLOSURE Competent Person and Compliance Statements Iron Ridge The information in this presentation relating to the Iron Ridge Mineral Resource Estimate (MRE) is based on information compiled by Dr Heather King, a Competent Person who is a member of the South African Council for Natural
Slide 4: Fenix to Acquire CZR: All-Scrip Off-Market Takeover
FENIX TO ACQUIRE CZR ALL-SCRIP OFF-MARKET TAKEOVER For personal use only Pursuant to a binding Bid Implementation Agreement between Fenix and CZR, Fenix will acquire up to 100% of the issued shares in CZR (Proposed Acquisition) CZR Shareholders will be entitled to receive 0.85 Fenix Shares for every
Slide 5: Fenix taking control of CZR creates the new Western Force in Iron Ore
For personal use only Fenix taking control of CZR combines proven execution with strategic scale to create the new Western Force in Iron Ore ASX: FEX | 5
Slide 6: All Share Mutually Beneficial Transaction
ALL SHARE MUTUALLY BENEFICIAL TRANSACTION For personal use only PROVEN FENIX OPERATIONAL SUPPORTED ENHANCED VALUE MODEL STRENGTH TRANSACTION SCALE CREATION Two cash- Mark Creasy Interest in projects Integrated mine- De-risked mine generating cornerstone with Mineral to-port model Resources of 137Mt4
Slide 7: We have a port business, a haulage business, a mining business
We have a port business. We have a haulage and logistics business. We have a mining business. For personal use only Newhaul Port Logistics Newhaul Road Logistics Westmine ASX: FEX | 7
Slide 8: The Fenix Formula: Proven Value Creation
THE FENIX FORMULA: PROVEN VALUE CREATION An Integrated Mining, Logistics and Port business that has outperformed For personal use only Integrated Operations Operational Excellence Financial Delivery • Complete mine-to-port control • Consistent production • On-budget project execution + + • Tier-1 wh
Slide 9: CZR Resources: Strategic Pilbara Assets
CZR RESOURCES: STRATEGIC PILBARA ASSETS Strategic Position in WA's Premier Iron Ore Region For personal use only Robe Mesa Project Ashburton Port Solution Growth Pipeline (CZR 85%) (CZR 50%) • Mineral Resources: 89.6Mt @ 55.4% Fe (61.0% • Ashburton Link - Strategic port development • Robe Mesa South
Slide 10: Strategic Combination: Proven Execution with Strategic Scale
STRATEGIC COMBINATION Proven Execution with Strategic Scale For personal use only COMBINED STRENGTH Creating a fully-integrated new Western Force in Iron Ore Proven Mine-to-Port Enhanced scale Strategic Pilbara Portfolio of interests in projects with total Mineral Excellence Resources of 137Mt1 Plat
Slide 11: A New Western Force in Iron Ore
A NEW WESTERN FORCE IN IRON ORE Strategic Assets Across Western Australia's Premier Iron Ore Regions For personal use only Portfolio of interests in projects with 137Mt Mineral Resources1 46Mt Ore Reserves1 Strategic port solutions Geraldton Port Ashburton Port Integrated logistics capability Notes:
Slide 12: Creating Value for All Shareholders
CREATING VALUE FOR ALL SHAREHOLDERS Compelling Benefits for both Shareholder Groups For personal use only FOR FENIX SHAREHOLDERS FOR CZR SHAREHOLDERS Enhanced Scale + Strategic Growth Immediate Value + Future Growth STRATEGIC EXPANSION: IMMEDIATE BENEFITS: • Significantly expands resource base to 13
Slide 13: Transaction Summary
TRANSACTION SUMMARY • For personal use only Fenix to acquire all the issued ordinary shares in CZR, by way of an all-scrip off-market takeover offer (Offer) Transaction structure • Pursuant to the Offer, CZR shareholders will be offered the Base Offer Consideration, increasing to the Increased Offer
Slide 14: Pro-Forma Snapshot
PRO-FORMA SNAPSHOT Fenix CZR Pro forma For personal use only Share price1 $/share 0.305 0.240 0.305 Ordinary shares outstanding #m 741.1 236.7 942.42 Market capitalisation $m 226 56.8 2873 Cash and cash equivalents4 $m 56.1 0.1 56.2 Borrowings & lease liabilities4 $m 53.0 2.4 55.4 Enterprise value $
Slide 15: Indicative Timetable
INDICATIVE TIMETABLE Event Date For personal use only Announcement of Offer 25 February 2025 Bidder’s Statement and Target’s Statement lodged with ASIC and ASX 25 February 2025 Opening date of offer 25 February 2025 Date by which Fenix must acquire 75% Relevant Interest in CZR shares in order for CZ
Slide 16: Corporate Snapshot
CORPORATE SNAPSHOT SHARE PRICE PERFORMANCE For personal use only $0.40 $0.35 $0.30 $0.25 $0.20 $0.15 $0.10 $0.05 $- Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 FEX A$226m A$56.1m 16% ASX Code Market Cap Cash at Bank Owned by company As at 24 Feb 2025; $0.305 per (as at 31 Dec 2024) directors share FY2
Slide 17: Contact
For personal use only CONTACT | ASX: FEX John Welborn Executive Chairman info@fenix.com.au Scan the QR code to watch a fly-through of our operations in WA’s Mid-West FENIX.COM.AU
Slide 18: Appendix 1. FEX Mineral Resources & Ore Reserves
APPENDIX 1. FEX MINERAL RESOURCES & ORE RESERVES MINERAL RESOURCES ORE RESERVES For personal use only Shine (FEX 100%) Iron Ridge (FEX 100%) Tonnes (millions) Fe % SiO2 % Al2O3 % P% Tonnes (millions) Fe % SiO2 % Al2O3 % P% Mineral Resources, above 50% Fe Ore Reserves, above 58% Fe Measured 5.1 59.2
Slide 19: Appendix 2. CZR Mineral Resources & Ore Reserves
APPENDIX 2. CZR MINERAL RESOURCES & ORE RESERVES MINERAL RESOURCES ORE RESERVES For personal use only Robe Mesa (CZR 85%, Reported below on 100% basis) Robe Mesa (CZR 85%, Reported below on 100% basis) 55% Fe cut-off grade 50% Fe cut-off grade As at 30 June 2024 Mt Fe % SiO2 % Al2O3 % P% Feca% As at
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