Everlast Minerals Ltd · ASX:EV8
Everlast Minerals — IPO Roadshow (September 2024)
42 slides from Everlast Minerals's IPO roadshow presentation, September 2024
Slide 1: Unlocking Bangladesh's Mineral Wealth – IPO Presentation
Unlocking Bangladesh’s Mineral Wealth IPO Presentation September 2024 Everlast Minerals Ltd ASX: EM8 Picture: Company Land-based Wet Plant in Gaibandha
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer Disclaimer for IPO Presentation - The following disclaimer applies to this IPO Presentation (Presentation). You Future performance - This Presentation contains forward looking statements, including statements regarding the should read this disclaimer carefully before
Slide 3: Competent Person Statement and Disclaimer
Competent Person Statement and Disclaimer Note: Extracted from the Independent Geologist Report (IGR) prepared by Geos Mining. 3 IPO Presentation
Slide 4: Risk Factors
Risk Risk Factors The Shares offered under the Prospectus are considered speculative. An investment in the Company is not risk free and the Directors strongly recommend that investors consider the risk factors described below, together with information contained elsewhere in this Prospectus, and con
Slide 5: Today's Agenda
1 Offer and Company Overview 2 Gaibandha Mineral Sands Project TODAY’S AGENDA 3 Industry Outlook 4 Future Growth 5 Appendix 5 IPO Presentation
Slide 6: Offer and Company Overview
01 Offer and Company Overview 6 IPO Presentation
Slide 7: Investment Highlights
Investment Highlights NEAR PRODUCTION GROWTH PRIME LOCATION INVESTMENT OPPORTUNITY • Large mineral sands project - effectively fully owned • Brahmaputra-Jamuna River carries huge volumes of and unencumbered sands every year which are deposited as sandbars and • 3 approved mining leases covering 2,39
Slide 8: Company Overview
Company Overview Headquartered in Sydney, Australia with a corporate office in Dhaka, Bangladesh, Everlast Minerals Ltd conducts Mineral Sands Exploration and Mining in Bangladesh. The Company's primary focus is the exploration, discovery and delineation of economic mineral sand deposits for advance
Slide 9: Key Offer Details
Key Offer Details Everlast Minerals Ltd is conducting a Public Offer to issue a minimum of 15,000,000 and up to 20,000,000 Public Offer Shares at an issue price of $1.00 per share. a) The total amount to be raised is between $15,000,000 and $20,000,000. b) The Shares issued under the Public Offer wi
Slide 10: Corporate Overview
Corporate Overview Estimated Free Float and Escrow Shares % at Offer Indicative Share Distribution under under Max Sub Completion Maximum Subscription Board and Management IPO Offer Investors Other Shareholders Escrowed Shares (existing shares) 73,401,885 73.42% Non-escrowed Shares (existing 6,568,1
Slide 11: Proposed Use of Funds
Proposed Use of Funds The funds raised from the Public Offer will be allocated Minimum Subscription1 Maximum Subscription1 towards exploration and development of the company's mineral sands projects, corporate development funding, Allocation of Funds Total Percentage Total Percentage general working
Slide 12: Notes to the Proposed Use of Funds
Notes to the Proposed Use of Funds 1. The proposed use of funds table is indicative only and may vary subject to the Corporations Act, the Listing Rules, other applicable laws and otherwise at the absolute discretion of the Company. 2. Refer to Section 8.8 of the Prospectus for a summary of expenses
Slide 13: Board and Management
Board and Management Experienced Board Senior Management Paul Qian Delwar H. Titu B. Sc (Chemistry) Executive Chair Managing Director B Com, MBA (Finance) Bangladesh Co • Over 12 years of experience in the mineral sands industry, covering all aspects from exploration to mining. • Brings over 28 year
Slide 14: JORC Resources Summary – Gaibandha Mineral Sands Project
JORC Resources Summary – Gaibandha Mineral Sands Project Indicated Mineral Resource summary* Infrastructure Vol to Zone 10m Tonnes Slimes Ilmenite Rutile Leucoxene Zircon Garne Magnetite TVHM • Wet Sand Processing Plant (including land depth (Mt) (%) (%) (%) (%) (%) t (%) (%) (%) (Mm3) based and flo
Slide 15: Group Structure
Group Structure Everlast Minerals Limited (Australia) Australia Board of Directors ListCo 99.99% 2 Pending 0.01% Mr. Delwar Titu Exploration Licences (4,000 ha each) Everlast Minerals Limited (Bangladesh) 3 Mining Leases Operating Co (2,395 ha each) Bangladesh Future Exploration Local Management and
Slide 16: Gaibandha Mineral Sands Project
02 Gaibandha Mineral Sands Project 16 IPO Presentation
Slide 17: Exploration and Drilling Work
Exploration and Drilling Work Trough Cross-stratification in Bar Top Sequence Rig Carrier Floating Stage Drilling at sand bars and river Field Geologists and staffers Sample Collection Dark Mineral Rich Band Click to Play . Samples (left) 17 IPO Presentation Drilling at sand bars and river
Slide 18: Prime Location
Darwin Prime Location The first company conducting river mineral sands exploration and mining in Bangladesh in the highly active and gigantic Brahmaputra-Jamuna River which originates from the high land areas of Himalaya • Bangladesh is located downstream of 3 large river basins, being the Ganges, B
Slide 19: Gaibandha District of Bangladesh
Darwin Gaibandha District of Bangladesh The Gaibandha Mineral Sands Project is located within the Brahmaputra-Jamuna river system in the local area of the Gaibandha District, which is • A district in Northern Bangladesh with an area of approx. 2,115km2 Brahmaputra-Jamuna • A total population of more
Slide 20: Local Geology
Darwin Local Geology The Brahmaputra-Jamuna River System Two active tectonic elements lay in The gradient of the river is high (1.63m/km) is one of the three major river systems of neighbouring areas: Dauki Fault along at its origin and sharply increases to 4.3- Bangladesh. It is a braided river sys
Slide 21: Exploration Work Completed
Darwin Exploration Work Completed Prior to the Company’s exploration activities, there had been no previous exploration undertaken at the Gaibandha Mineral Sands Project. However, a number of research-oriented investigations had been completed in the Jamuna River and identified at the presence of th
Slide 22: Proposed Mining Plan
Darwin Proposed Mining Plan EML’s Key Mining Criteria: • Focus on areas rich in mineral sands; • Distance from mine area to main wet plant; • Easily accessible areas by water ways; • Sedimentary column (up to 10 metres) is dominated by fine to medium grain sands; • Relatively new, low-lying and barr
Slide 23: Mining Method
Darwin Mining Method Bar sand mining The bars will be divided into a number of paddocks/ponds of 50m x 30m and be fenced by steel plate/wood piling for erosion protection. The open surface above the water table will be mined by using dry earth removing equipment. Below the water table, the wet sand
Slide 24: Processing – Wet Plant and Dry Plant
Darwin Processing – Wet Plant and Dry Plant Two separate types of processing plant may be used in the mineral sands mining, with these being a wet sand processing plant and a dry sand processing plant. The Company proposes two wet processing plants for the Dry Sand Plant is a permanent structure wit
Slide 25: Final Product
Darwin Final Product Heavy minerals will be transported from mine site to the dry plant using The Company is actively in talks with potential offtake barging and sand carrying ships will be used for the transportation. partners for the commercial grade mineral sands products. Domestic Transportation
Slide 26: Rehabilitation
Rehabilitation Goal of Rehabilitation: Return the disturbed land to a condition suitable for the agreed post- mining land users • The mining area of the Gaibandha Mineral Sands Project is submerged during the rainy season • Rehabilitation will be easier compared with most other mine sites • Sands co
Slide 27: Processing Plant and Warehouse
Processing Plant and Warehouse Wet and Dry Plant Site Wet and Dry Plant Site Process- Final ed Product Mineral for Sands shipping 27 IPO Presentation
Slide 28: Industry Outlook
03 Industry Outlook 28 IPO Presentation
Slide 29: What are Mineral Sands
What are Mineral Sands Mineral sands are heavy minerals concentrated in beach or river deposits. The industry mines and processes these sands, mainly for zircon and titanium dioxide products. Mineral sands deposits are typically found in ancient shorelines and come in two main types: alluvial (depos
Slide 30: Mineral Sands Value Chain
Mineral Sands Value Chain Bangladesh Minerals Suppliers Mineral Sands Mining Processing Market Australia, South Zircon (ZrSiO4) Africa, India, China, Standard Grade Titanium bearing mineral sands Brazil, Sierra Leon and USA Paintings Australia, India, Ilmenite Coatings Rutile (TiO2) Italy, Sri Lanka
Slide 31: Industry Growth and Outlook
Industry Growth and Outlook Strong Demand Demand for mineral sands is projected to grow locally internationally due to continued manufacturing, industry and other activities such as construction. Increase in Output Mineral sands output is anticipated to rise over the coming years, reflecting greater
Slide 32: Bangladesh Mineral Sands Industry
Bangladesh Mineral Sands Industry Very limited supply • Gained independence in 1971 locally; historically replies Limited mining history on imports. • Population: 171 million with median Mainly focuses on construction materials age of 27.1 years and small-scale coal and limestone extraction. • Land
Slide 33: Future Growth
04 Future Growth 33 IPO Presentation
Slide 34: Investment Highlights Recap
Investment Highlights Recap NEAR PRODUCTION GROWTH PRIME LOCATION INVESTMENT OPPORTUNITY • Large mineral sands project - effectively fully owned • Brahmaputra-Jamuna River carries huge volumes of and unencumbered sands every year which are deposited as sandbars and • 3 approved mining leases coverin
Slide 35: Growth Strategy
Growth Strategy The Company is committed to advancing the Gaibandha Mineral Sands Project towards full production. We plan to initiate mining and trial production in the initial term, followed by a transition to full commercial operations. Proposed Near Term Strategy Gaibandha Mineral Sands Project
Slide 36: Future exploration plan
Future exploration plan In addition to the Gaibandha Project, the Company has lodged two further exploration licences for the proposed Kurigram Mineral Sands Project and Pabna Mineral Sands Project for 4,000 ha each Kurigram Mineral Sands Project is located at the Brahmaputra Pabna Mineral Sands Pro
Slide 37: Social Responsibility
Social Responsibility Everlast Mineral is committed to operating in a manner that creates shared value for all our stakeholders and the local Gaibandha communities. The Company recognises the importance of responsible mining practices and is dedicated to fostering positive and enduring relationships
Slide 38: Appendix
05 Appendix 38 IPO Presentation
Slide 39: Statutory and Pro-Forma Financials
Statutory and Pro-Forma Financials Summary of the Pro Forma Historical Income Statement Statutory Historical Consolidated Statement of Financial Position and Pro FY22 FY23 HY23 HY24 Forma Historical Statement of Financial Position as at 31 December 2023 As at 31 December 2023 Company Min Sub Max Sub
Slide 40: Extracted Independent Geologist Report as per JORC Code 2012
Everlast Minerals Limited Extracted Independent Geologist Report as per JORC Code 2012 Everlast Minerals Limited Report Date: 29 August 2024 40 IPO Presentation
Slide 41: Glossary
Glossary Term Definition ASEAN The Association of Southeast Asian Nations ASX Australian Securities Exchange BUET Bangladesh University of Engineering and Technology CCEC China Capital Energy Co., Ltd. EML Everlast Minerals Ltd GDP Gross Domestic Product Ha Hectare JORC The Australasian Code for Rep
Slide 42: Contact
Contact Paul Qian – Executive Chair Everlast Minerals Ltd E: paulq@everlastminerals.com M: 0450 133 777 Sky Zhang – Business Development Manager Everlast Minerals Ltd E: skyzhang@everlastminerals.com M: 0426 458 888 Eric Sun – Director Byrons Corporate Finance E: erics@byrons.com.au M: 0413 255 516