Cadoux Limited · ASX:CCM
Cadoux — FYI Resources — Shareholder Meeting (December 2021)
24 slides from Cadoux's shareholder meeting presentation, Dec 17, 2021
Slide 1: AGM Presentation
ASX:FYI FSE:SDL OTCQX:FYIRF WWW.FYIRESOURCES.COM.AU 17 December 2021 AGM Presentation DEVELOPING A WORLD CLASS INTEGRATED HIGH PURITY ALUMINA (HPA) PROJECT
Slide 2: Cautionary Statement
Cautionary Statement This presentation is for information purposes only. Neither this presentation nor the information contained in Such forward-looking statements are provided as a general guide only and should not be relied on as a it constitutes an offer, invitation, solicitation or recommendatio
Slide 3: Competent Person's Statement
Competent Person’s Statement Ore Reserves Metallurgy The information in this report that relates to Ore Reserves is based on information compiled by Mr. Steve The information in this report that relates to metallurgy and metallurgical test work is based on information Craig, who is a Fellow of the A
Slide 4: HPA Project NPV US$1.01bn, EBITDA US$186m pa
HPA Project NPV* = US$1.01 bn Project EBITDA* = US$186m pa DFS* Tier results 1 HPA project partner - Alcoa US$243m project finance FYI signs HPA Term commitment Demonstrated quality (4N & 5N) Alcoa brings HPA FYI believes the HPA Lowest quartile costs (capex & opex)* Top FYIranked ESG (5building to
Slide 5: Alcoa joint development of FYI's HPA project
• Joint objective to develop FYI’s innovative long-life / high margin HPA project • HPA Strategy underpinned by outstanding project NPV (US$1.01b) resulting from robust and demonstrated R&D /development • Alcoa and FYI execute “Memorandum of Understanding” on 7 September 2020 • An Exclusivity Agreem
Slide 6: Robust HPA Strategy
ROBUST HPA STRATEGY Timing Quality Growth Economics Validation Partner Funded ESG FYI AND ALCOA HAVE THE OBJECTIVE TO BECOME A DOMINANT PARTICIPANT IN THE GLOBAL HPA MARKET 6
Slide 7: Pilot Plant Validation of FYI's HPA Flowsheet Design
Pilot Plant Validation of FYI’s HPA Flowsheet Design • Purpose of facility is to trial FYI’s innovative HPA flowsheet design • Engineered to demonstrate and observe process flowsheet from “end to end” • Testing of materials handling and materials of construction • Further optimising system design an
Slide 8: NPV Summary (post tax)
NPV Summary (post tax) US$6,661 55% 25 YEARS US$202m HPA CASH COST PER TONNE IRR DCF PROJECT FORECAST CAPEX ESTIMATE US$186m 3.2 YEAR US$1,014m US$131m 25 YEAR AVG ANNUAL EBITDA PAYBACK AFTER-TAX NPV (@ 8%) NET CASH FLOW PER ANNUM 10,000 TPA HPA PRODUCTION US$26,400/-T HPA SALES PRICE 15% PRODUCT IS
Slide 9: Global HPA markets are growing
Global HPA markets are growing Forecast global HPA demand forecast (tpa) HPA growth has been invigorated in response to global investment in EV’s as post COVID19 stimulus incentives New applications and technologies have created increased demand and market opportunities The current global 4N HPA mar
Slide 10: Gigafactories announced with forecast 600 GWh
24 GIGAFACTORIES EU – one of ANNOUNCED WITH fastest growing FORECAST 600 GWH EV markets in the TOTAL ANNUAL world PRODUCTION CAPACITY DELIVERING 9-10M EV EV growth UNITS PER YEAR requires new supply of critical, high purity battery material including HPA Increasing requirement for low carbon supply
Slide 11: US$1.8 Trillion committed development funding
US$1.8 Trillion committed development funding Jan 2021 Presidential Order to electrify Government fleet Feb 2021 US re-joins Paris Agreement on Climate Change Apr 2021 Infrastructure plan to include 500,000 EV charging stations May 2021 Biden looks to Canada, Australia and Brazil for EV inputs Octob
Slide 12: FYI and Alcoa have a defined HPA off-take market approach
FYI and Alcoa have a defined HPA off-take market approach • FYI and Alcoa emerging producer of high quality, high purity HPA Batteries & Sapphire Glass • FYI standard product is to be ultra pure 99.99% (4N) and E-Mobility & Ceramics 99.999% (5N) material with extremely low deleterious elements • Key
Slide 13: FYI and Alcoa heavily engaged in HPA marketing and off-take
FYI and Alcoa are heavily engaged in HPA marketing and securing off-take UN I TE D KINGDOM GE R M ANY Strong focus on market engagement in US A JA PA N key market jurisdictions CHI N A SOUTH KOREA TA I W AN Structured approach targeting off-take and potential financing Multiple rounds of meetings co
Slide 14: Key asset to HPA project development
PERTH Key asset to HPA project development KIA • Fully integrated production within Western Australia • Proximity to Alcoa • Support from Western Australian State Government through Lead Agency - Department of Jobs, Tourism, Science and Innovation • Founding member and participant in the Future Batt
Slide 15: HPA Enhanced Anode Coatings - EcoGraf
HPA Enhanced Anode Coatings - EcoGraf (ASX:EGR) • HPA is increasingly becoming a key sought after input material for various high-tech products principally for its unique properties, characteristics and chemical properties that address certain applications and high specification requirements • FYI a
Slide 16: High ESG standards and FYI's approach
• High ESG standards are becoming pre-requisites for HPA off-take counterparties • FYI embraces best practice approach to HPA project development • FYI HPA has total provenance authentication and traceability of their 100% integrated process • High environmental and social standards and governance •
Slide 17: FYI's ESG Rating
FYI’s ESG RATING FY| Resources Ltd. Aluminum Australia ASX:FYI ESG Risk Rating Not 23 . 8 available Updated Jun 24, 2021 Momentum ESG Risk Rating Distribution 70% 21% a a 22% a re | Negiigibie Low Medium High ‘Severe fyi Medium Risk Vv 040 10-20 20-30 30-40 40) ESG Risk Rating Ranking UNIVERSE RANK
Slide 18: United Nations Sustainable Development Goals
UNITED NATIONS SUSTAINABLE DEVELOPMENT GOALS GOOD HEALTH ‘AND WELL-BEING CLEAN WATER ‘AND SANITATION y oe IT | PEACE, JUSTICE BELOW WATER 7 PARTNERSHIPS ‘AND STRONG UU © devetopment GE, ALS FORTHE GOALS SUSTAINABLE DEVELOPMENT GOALS 18
Slide 19: United Nations Sustainable Development Goals
UNITED NATIONS SUSTAINABLE DEVELOPMENT GOALS ENABLING A. LOW-CARBON AND CIRCULAR ECONOMY EMBEDDING RESPONSIBLE BUSINESS PRACTICES fyi Climate Change Health and Safety Reducing our oreenhouse gas Making health and safety an (GHG) emissions intensity and i integral part of our everyday mowing towards
Slide 20: Scan for ESG Survey
Scan for ESG Survey
Slide 21: Directors and Capital Structure
DIRECTORS Capital Structure Shares on issue: 364m Options: 10m Board & Management ~10% Mr Edmund Babington Top 20 Holders ~43% Non-Executive Chairman ASX:FYI FSE:SDL OTCQX:FYIRF Top 40 Holders ~ 54% Share price A$0.31 Mr Roland Hill Market capitalisation A$112m Managing Director Cash on hand A$12.9m
Slide 22: HPA Project Timeline
HPA PROJECT TIMELINE FYI NPV Extended pilot plant trial Alcoa MOU signed US$1.01b* commences Engineering & Alcoa / FYI Receives ESG rating & design continues Engineering CP DD Major Project Status FEL1 Finalises FEL3 project Nov 2020 Feb 2021 May 2021 Oct 2021 Jan 2022 Jan 2022 development September
Slide 23: Developing a Long-Life Quality HPA Project
Partnering with Alcoa Robust integrated strategy Ideal project delivery Compelling and tier 1 industry groups founded on sound timing coinciding with integrated technical and to become a dominant technical principles and forecast market geographical business HPA producer project de-risking growth mo
Slide 24: Contact details
ASX:FYI FSE:SDL OTCQX:FYIRF FOR FURTHER DETAILS PLEASE CONTACT: Roland Hill Managing Director info@fyiresources.com.au Unit 8-9, 88 Forrest Street, Cottesloe WA 6011 WWW.FYIRESOURCES.COM.AU