Industrial Minerals Limited · ASX:IND
Industrial Minerals — RIU Sydney Resources Roundup 2023
19 slides from Industrial Minerals's conference presentation, May 2023
Slide 1: Ready to Mine: Developing High Purity Silica Sand and Quartz
READY TO MINE: DEVELOPING HIGH PURITY SILICA SAND AND QUARTZ RIU Sydney Resources Roundup May 2023 ASX:IND industmin.com
Slide 2: Disclaimer & Competent Persons Statement
DISCLAIMER & COMPETENT PERSONS STATEMENT This presentation contains summary information about Industrial Minerals Ltd (IND) and is current as of Corporations Act 2001 (Cth)) and the officers, directors, employees, advisers and agents of those the presentation date. The information in this presentati
Slide 3: Corporate Snapshot
CORPORATE SNAPSHOT 63.5M 13.25M Total Shares on Issue Options on Issue $1.7M $25.2M Cash (31/03/23) Market Cap (0.397c 01/05/23) 61.4% 20% Top 20 Shareholders Board & Management Ashley Pattison Jeff Sweet Alex Neuling Melanie Leighton Non-Executive Chair Managing Director & CEO Non-Executive Directo
Slide 4: Why Invest in Industrial Minerals Ltd
Rigorous and strategic Low capex model with project identification environmentally friendly based on quality, location projects, close to key and profitability infrastructure WHY INVEST IN INDUSTRIAL MINERALS LTD Diverse Product Strong product demand Streams for domestic leveraged to solar and expor
Slide 5: Defining the High Purity Silica Sand Market
DEFINING THE HIGH PURITY SILICA SAND MARKET Float glass, bottle glass, lab glass, Borosilicate glass (food), solar panels & optical glass GLASS Electronics and optics products HIGH PURITY Foundry, abrasive building products & refractory SILICA SAND INDUSTRIAL USES Sodium silicate, silicon CHEMICAL c
Slide 6: Sand is a Strategic Resource
SAND IS A STRATEGIC RESOURCE Use of sand resources is ~50 bn metric tons per year, the second most exploited natural China is the largest global importer of resource in the world after water1 sand and is estimated to consume more Silicon has been added to the than 50% of global supply, driven by its
Slide 7: Solar Panel Supply Chain: China Dominates
SOLAR PANEL SUPPLY CHAIN CHINA DOMINATES Share of manufacturing capacity by country & region in 2021: Demand for High Purity Silica Sand is on the rise, driven by PV glass China made up 55% of global solar panel manufacturing capacity in 2010, with its share Manufacturing Process for Solar PV Panels
Slide 8: Strategic Advantage: Matching High Quality Resources with Minimal Transport Costs
STRATEGIC ADVANTAGE MATCHING HIGH QUALITY RESOURCES WITH MINIMAL TRANSPORT COSTS Quality Location Profitability Tier 1 quality HPSS product Private landholders Low Opex: logistics to port >99% SiO2 with low Low impact extraction Low Capex: DSO product impurities Strong customer interest in offtake •
Slide 9: Mine Ready Stockyard Project
MINE READY STOCKYARD PROJECT Located 4km from the Brand Hwy, and 180km by road to the Geraldton port Private Land Access Agreements in place & Native Title extinguished land • Mining Lease granted • Water Licence granted & bore established • Key Environmental Studies & Permits Approved • Heritage Su
Slide 10: Stockyard Project Maiden Mineral Resource Estimate
STOCKYARD PROJECT MAIDEN MINERAL RESOURCE ESTIMATE Indicated and Inferred Mineral Resource of 9.6 million tonnes at 98.9% SiO2 The resource is contained within 1500 Ha of the Stockyard Project and represents <5% of the total landholding Significant resource upgrade and extension potential All key en
Slide 11: Stockyard Project MOU for Offtake
STOCKYARD PROJECT MOU FOR OFFTAKE STAGE 01 STAGE 02 AND POTENTIAL Formal offtake Strategic partnership REFINING agreement for up to agreement with SHST 600,000 metric tonnes for new JV silica Two-stage non-binding MOU per annum of HPSS processing plant for supply and potential refining from Stockyar
Slide 12: Accelerated Exploration Strategy
ACCELERATED EXPLORATION STRATEGY Mining Lease Granted Maiden Exploration Non-Binding Key Mining Project Exploration Mineral Decision Mining to licence MOU Approvals Acquired Target Resource to Mine Commence granted Executed Granted Estimate Milestones: Stockyard Project 2021 Q2 2021 Q3 2021 Q4 2022
Slide 13: Targeting Silica Sand on Farmland: Low Impact, Low Cost Mining
TARGETING SILICA SAND ON FARMLAND LOW IMPACT, LOW COST MINING 13
Slide 14: Building a Portfolio of High Purity Silica Sand Projects
BUILDING A PORTFOLIO OF HIGH PURITY SILICA SAND PROJECTS PROJECT NAME AREA (km2) PROXIMITY TO PORT (km) TENEMENT STATUS Stockyard 575.5 155 Granted Bookara 1191.3 50 Granted Narrikup 160.8 40 Granted Mount Lefroy 83.7 85 Granted Arrowsmith East 74.6 105 Granted Portfolio of HPSS projects Mindarra Un
Slide 15: Opportunity Exploration Projects
OPPORTUNITY EXPLORATION PROJECTS Several Southern Silica Several prospective HPSS prospective HPSS Esperance targets identified for Narrikup North Stirlings Sand Projects targets identified follow up East for follow up High Priority Several Targets Encouraging Target ~30km ~45km from results ~120km
Slide 16: Strategic Industrial Minerals Projects
STRATEGIC INDUSTRIAL MINERALS PROJECTS Lake MacLeod Gypsum & Salt Tabba Tabba • Adjacent to Rio Tinto’s Lake MacLeod Gypsum and Salt mining operation • Strategically located in close proximity to Port Hedland • Over 160 historical drill holes have intersected high quality Gypsum • Existing solar mar
Slide 17: Opportunity: High Purity Quartz at Karratha
OPPORTUNITY HIGH PURITY QUARTZ AT KARRATHA High Purity Quartz samples identified on existing Karratha tenure, proximate to multiple ports. RC and Diamond Drill program to commence on receipt of surface sample assays. Broadens IND’s exposure to fast-growing end markets of solar PV, semi-conductors an
Slide 18: Appendix One
APPENDIX ONE Table 1. Stockyard Maiden Mineral Resource Estimate, November 2022 Resource Volume Density Tonnes SiO2 Al2O3 ppm Fe2O3 ppm TiO2 ppm Classification (Million m3) (g/cm3) (Million) % Indicated 2.6 1.57 4.0 98.8 2,488 1,457 2,619 Inferred 3.6 1.57 5.6 98.9 2,837 1,240 2,241 Total 6.1 1.57 9
Slide 19: Contact
CONTACT Unit 38, 460 Stirling Highway Peppermint Grove, WA, 6011 Australia ASX:IND +61 8 6270 6316 admin@industmin.com industmin.com 19
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