Almonty Industries Inc. · NASDAQ:ALM
Almonty Industries — Investor Presentation (March 2022)
28 slides from Almonty Industries's investor presentation, March 2022
Slide 1: Building The World's Largest Tungsten Mine – Investor Presentation
1 Building The World`s Largest Tungsten Mine Investor Presentation PREPARED BY ALMONTY INDUSTRIES INC MARCH 2022
Slide 2: Becoming the largest tungsten producer outside China
Becoming the largest tungsten producer outside China THE MARKET THE COMPANY ALMONTY PRODUCTION TARGET 2024 Tungsten Producer 30% OF NON-CHINA TUNGSTEN W 1 Mine in production 1 Mine under construction 7% OF GLOBAL SUPPLY 2 development projects 1 past producing mine 100% Masterpiece Sangdong 90% TIGHT
Slide 3: Corporate Snapshot
Corporate Snapshot Issued Capital Cash C$ 2.0m ASX Share price ASX:All in A$ 209m As of 31 Dec 2021 1.50 Ordinary Shares Long-term Debt C$ 64m 1.10 CAD Market Cap Loans from existing shareholders C$ 213m Ore reserves 1.00 80 mt AUD At 1.00 C$ on 14 March 2022 @ avg. grade of 0.36% 0.50 Board of Dire
Slide 4: Almonty's Global Presence
Almonty`s Global Presence Diversified and Experience Operator in Conflict-free Regions 3 2 1 4 Producing Assets Under Construction Development Projects 1 2 3 4 PANASQUEIRA – PORTUGAL SANGDONG – S.KOREA VALTREIXAL – SPAIN LOS SANTOS – SPAIN ACQUIRED: 2016 ACQUIRED: 2015 ACQUIRED: 2013 - 2016 ACQUIRED
Slide 5: Tungsten Prices on the Rise
Tungsten Prices on the Rise Tungsten Price TUNGSTEN PRICE PER MTU 352$ Tight market with geopolitical tension $350 KOREA — imports 94.7% of all tungsten from China and is the largest per capita consumer worldwide. $300 China & Russia dependency increases market tensions (US$/MTU) U.S. Congress in 20
Slide 6: Sangdong
Construction of a Tier 1 SANGDONG project in Korea
Slide 7: Shovel Ready Project in a Supportive Tier 1 Jurisdiction
Shovel Ready Project in a Supportive Tier 1 Jurisdiction Low Pre-Production Capex, Great Economics & Long Mine Life $75m $72m Start-Up CapEx Annual EBITDA @1.2m tons & 300$/mtu $110/mtu 90 years Cash cost per ton Potential Mine Life Fully permitted, Construction 25% complete, 21 million USD Sangdong
Slide 8: Building Sangdong Mine - Project Management Team
Building Sangdong Mine - Project Management Team Building tungsten mine number #3 Lewis Black – Director, President and CEO Emil Corfu –Director of Plant Management Over 16 years experience in the tungsten mining industry 20+ years experience in mine plant construction Former Chairman and CEO of Pri
Slide 9: Sangdong Has a Unique Tier-1 Ore Body
Sangdong Has a Unique Tier-1 Ore Body Globally outstanding in terms of size, grade and recovery rates Peer Group comparison Metal / Grade Chart of the total resource Producing Construction/Development Study or Exploration Stage Sangdong Dolphin Hemerdon Mt Mulgine Watershed 1,00% Financing, Status C
Slide 10: Global Tungsten Production Cost Curve
Global Tungsten Production Cost Curve Sangdong Expected To Be Amongst The Lowest Cost Producers Globally GLOBAL TUNGSTEN PRODUCTION COST CURVE 400 - ALMONTY MINES - CHINESE MINES State-owned, large companies in China - OTHER MINES NOT LOCATED IN CHINA US$205-245/MTU 300 Size of block - % of total tu
Slide 11: Sangdong Orebody Dimensions
Sangdong Orebody Dimensions Massive Orebody 187km SE Of Seoul S N MINE PORTAL Sangdong Mine WTC ONE 541m EIFFEL TOWER 236m UPPER & LOWER HANGING WALL 1 km 11
Slide 12: Project Financing & Offtake Agreed
Project Financing & Offtake Agreed Reputable Partners Confirm High Project Quality 15-Year Offtake Agreement 70% of CAPEX Financed Through Government Guarantee Guarantees ~US$580M Cashflow Senior Project Finance Loan • Global tungsten product major SIZE 75.1 US$m • Long-standing partner of Austrian
Slide 13: Construction of Sangdong Commenced in Mid 2021
Korea – Construction of Sangdong Commenced in Mid 2021 Building the largest tungsten mine outside of China 13
Slide 14: Construction "in Ore"
Construction “in Ore” Mineralization at Surface and Allows for Immediate Start of Production 14
Slide 15: Sangdong Project – Outlook
Sangdong Project – Outlook Key Milestones Ahead 2022 2023 2024 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 DRAWDOWNS & GRACE PERIOD Development Fund REPAYMENT PLANT CONSTRUCTION COMPLETION Plant & COMMISSIONING Construction 12-MONTH RAMP-UP MINE DEVELOPMENT & EARTHWORK/DRIFT Mining & Mine START MINING ACTIV
Slide 16: Panasqueira: WO3 Production For More Than A Century
Panasqueira WO3 Production For More Than A Century KEY FACTS DEPOSIT SUMMARY Located in Covilha, Portugal Tonnage Historical production since the early 1900s WO3 Grades Current Status - Production Production anticipated to last more than 20 years 10.6Mt 11.9Mt 3.0Mt Forecasted yearly production of ~
Slide 17: Almonty Group – Resource summary
Almonty Group – Resource summary Classification Deposit Tonnage (kt) Grade (%) Contained metal (t) Sangdong 7,896 kt 0.47% 37,111 t TOTAL RESERVES Panasqueira 1,951 kt 0.20% 3,928 t (proven and probable) Los Santos 3,582 kt 0.23% 8,325 t Valtreixal 2,549 kt 0.34% 8,667 t Total 15,978 kt 0.36% 58,031
Slide 18: Corporate
Construction of a Tier 1 CORPORATE project in Korea
Slide 19: Almonty Group – Production and Financial Growth Profile
Almonty Group – Production and Financial Growth Profile ~US$1.2bn Potential cumulated Strong Future Cash Flows and a 90+ Year Mine Life Cash on Hand*: by 2050 ~US$300m 10 YEAR PRO FORMA* – ALMONTY** COMBINED by 2030 Sangdong Extension Case Revenues EBITDA Capex Free Cash Flow (After Tax & Debt Servi
Slide 20: Investment Highlights
Investment Highlights Global leading Tungsten producer with a diversified portfolio of assets WORLD Representing 30% of all tungsten outside of China and 7-10% of global supply at High grade & leading resource size CLASS MINE 90-year mine life with resources of 52Mt at ~0.44-0.49% WO3 US$75m with Ge
Slide 21: Almonty Industries Inc.
Almonty Industries Inc. TSX & ASX: AII / OTCQX: ALMTF / Frankfurt: ALI.F Address: 100 King Street West Suite 5700 Toronto, ON Canada M5X 1C7 Office: +1 (647) 438.9766 Fax: +1 (416) 628.2516 Email: info@almonty.com
Slide 22: Appendix
APPENDIX
Slide 23: Appendix – Board of Directors
Appendix 2 – Board of Directors Director Experience • Currently a Partner of Almonty Partners LLC, a privately-held company specialising in tungsten mining investments and has over 16 years of experience in the tungsten mining industry. Lewis Black (Executive Director, • Formerly Chairman and CEO of
Slide 24: Downstream Opportunity (II/II)
Downstream Opportunity (II/II) Almonty’s Potential to Participate in the Battery Anode & Cathode Manufacturing Industry SOUTH KOREA AND KEY DEMAND DIRECTIONS South Korea is the largest per capita consumer of tungsten worldwide, however, imports 94.7% of tungsten used, 92.8% of Tungsten oxide from Ch
Slide 25: Sangdong ESG
Sangdong ESG Equatorial Principles and Beyond Assessment of environmental and social risks of major projects based on 10 principles, 1 including regular monitoring by independent third parties and intensive dialogues with the local population and their organizations. Almonty has agreed to develop th
Slide 26: Tungsten Uses I/III – Main Uses of tungsten
Tungsten Uses I/III – Main Uses of tungsten Inserts for aircraft X-ray beam 5G network infrastructure Automotive market 74 4f145d46s2 W Tungsten 183.84 Defense Ballistic equipment Semiconductors Source: Living Metals Nr. 17 - 2019, The Plansee Group 2019 26
Slide 27: Tungsten Uses II/III – Specific Uses in the High-Tech World
Tungsten Uses II/III – Specific Uses in the High-Tech World Abrasion Resistant Metal For Numerous Of Applications Plate for stone hammer drill Saw teeth for blades of a circular saw 65g 400g Casing for luxury watch Film projector lamp 35g 750g 74 4f145d46s2 Pins for doorlock 12g W Tungsten 183.84 Cr
Slide 28: Tungsten is a Rare Metal with Massive Growth Potential in Battery and Semiconductors
Tungsten is a Rare Metal with Massive Growth Potential in Battery and Semiconductors TODAY – SCARCE METAL HIGH DEPENCY ON CHINA TOMORROW – DOWNSTREAM OPPORTUNITY IN KOREA Battery and Semiconductor Industry offer massive additional growth potential for the tungsten market Korea – location of the Sang
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