Image Resources Nl · ASX:IMA
Image Resources Nl — Shareholder Meeting (May 2021)
22 slides from Image Resources Nl's shareholder meeting presentation, May 27, 2021
Slide 1: Emerging Mid-Tier Miner: CY2020 Annual General Meeting Presentation
For personal use only Emerging Mid-Tier Miner Focused on Growth and Sustainaility CY2020 Annual General Meeting Presentation 27 May 2021 Patrick Mutz Managing Director Image Resources NL ASX: 1 IMA
Slide 2: Disclaimer and Forward-looking Statements
For personal use only Disclaimer and Forward-looking Statements This presentation/document has been prepared by the management of Image Resources NL ("Image”, “IMA“, or “the Company”). By accessing this presentation you acknowledge that you have read and understood the following statements. This pre
Slide 3: High Level Summary
For personal use only High Level Summary ASX Code IMA Share Price A$0.19 (31 March 2021) Market Cap A$188 million Cash on hand A$51 million (31 March 2021) Debt A$0 (effective 7 Feb 2021) Dividend (inaugural) A0.02/share (paid April 2021) Revenue Net Profit After Tax CY2019 A$146m A$20.8m Revenue Ne
Slide 4: Market Guidance
For personal use only Market Guidance 2020 2020 2021 Mar Q Item Units Actual Guidance Guidance 2021 HMC Production kt 306 300-330 290-320 85.2 HMC Sales kt 311 300-330 300-320 84.5 Project Operating Costs A$m 90 100-110 90-100 23.8 C1 Cash Costs A$/t HMC sold 292 290-320 290-320 281 AISC Cash Costs
Slide 5: So why has Image been successful?
For personal use only So why has Image been successful? Location – mine located only 1 hour north of capital city of Perth in Western Australia High Grade – One of the highest grade projects of its kind in Australia Zircon Grade TiO2 Minerals Grade 2.4% >5% • Typical grades might be 0.3-0.4% zir
Slide 6: So why has Image been successful? (continued)
For personal use only So why has Image been successful? (continued) Simple Business Model • Shallow open cut mining (contracted) • Simple gravity separation • Simple concentrate product sold in bulk shipments 100% of production committed under life-of-mine off-take agreements at market pricing
Slide 7: HMC Production, Sales & Inventory
For personal use only HMC Production, Sales & Inventory COVID-19 related global economic uncertainties negatively impacted 1H CY2020 HMC sales, resulting in substantially higher than normal HMC inventory Off-take partners accelerated HMC orders in 2H CY2020 to reduce HMC inventory back to normal
Slide 8: Mineral Sands Commodity Prices
For personal use only Mineral Sands Commodity Prices Revenue Enhancers Up 5% in 2021 Up 21% in 2021 Up 31% in 2021 8
Slide 9: FX and Zircon Content
For personal use only FX and Zircon Content Revenue Reducers 9
Slide 10: What are Image's growth plans?
For personal use only What are Image’s growth plans? Image has 12 zircon/titanium projects in its 100%-owed portfolio • All projects are located in Western Australia across an area of 1,000 square kilometres • All have identified Mineral Resources under the JORC Code and two have Ore Reserves • On
Slide 11: What are Image's growth plans? (continued)
For personal use only What are Image’s growth plans? (continued) Image’s growth strategy is multi-faceted: • Continue to use existing capital equipment to operate profitably • Look to develop a second mining centre to operate in parallel with existing operations; Bidaminna feasibility study underw
Slide 12: Image Resources – Beyond Operations
For personal use only Image Resources – Beyond Operations Social Licence and Sustainability Image looks forward to growing into a sustainable, mid-tier mining company Areas of specific focus beyond day to day mining and processing operations include: • Health, safety and well being of employees,
Slide 13: Community Engagement Program
For personal use only Community Engagement Program Image is proud of its active and varied community support and engagement program including significant local employment. At 31 Mar 2021 48% of the site workforce lives locally to the operation or within regional shires. Image Grand Opening was
Slide 14: Solar Farm at Boonanarring
For personal use only Solar Farm at Boonanarring Sunrise Energy Group Pty Ltd constructing 2.3 MWAC solar farm Construction and operation by Sunrise Energy; Located on Image owned land adjacent to Boonanarring processing plant Commissioned Sep 2020 and providing up to 25-30% of electricity req
Slide 15: Solar Farm at Boonanarring
For personal use only Solar Farm at Boonanarring Boonanarring WCP Brand Highway 15
Slide 16: Rehabilitation Snapshot: Before Mining – April 2018
For personal use only Rehabilitation Snapshot: Before Mining – April 2018 16
Slide 17: Rehabilitation Snapshot: During Mining – June 2019
For personal use only Rehabilitation Snapshot: During Mining – June 2019 17
Slide 18: Rehabilitation Snapshot: Backfilled – December 2019
For personal use only Rehabilitation Snapshot: Backfilled – December 2019 18
Slide 19: Rehabilitation Snapshot: hectares re-vegetated – August 2020
For personal use only Rehabilitation Snapshot: 13 hectares re-vegetated – August 2020 19
Slide 20: Carbon Sequestration Research
For personal use only Carbon Sequestration Research Australian Carbon Farming Initiative As part of its focus to reduce its carbon footprint, Image is investigating cooperative work with local landowners near its mining operation under the Australian Carbon Farming Initiative The goal is to supp
Slide 21: Why invest in Image Resources?
For personal use only Why invest in Image Resources? Summary Proven profitable mining operator Inaugural dividend paid in 2021; goal to continue annually Multiple 100%-owned projects in portfolio for future production Growth strategy includes: Potential to develop second profitable operati
Slide 22: For further information
For personal use only For further information Image Resources NL info@imageres.com.au Office: +61 8 9485 2410 Ground Floor, 23 Ventnor Avenue West Perth, WA 6005 PO Box 469, West Perth, WA 6872 www.imageres.com.au 22