Lunnon Metals Limited · ASX:LM8
Lunnon Metals — Diggers & Dealers Mining Forum 2023
20 slides from Lunnon Metals's conference presentation, Aug 7, 2023
Slide 1: Diggers & Dealers Mining Forum Investor Presentation
ASX ANNOUNCEMENT ASX: LM8 Diggers & Dealers Mining Forum Investor Presentation 7 August 2023 Lunnon Metals Limited (ASX:LM8) is pleased to announce that Managing Director, Edmund Ainscough, will present to the Diggers & Dealers Conference today at 10.50am (Perth time). For personal use only The atta
Slide 2: Diggers and Dealers 2023 - Edmund Ainscough
✓ This slide is 100% editable. Diggers and For personal use only Adapt it to your needs and Dealers 2023 capture your audience’s attention. ✓ This slide is 100% editable. Adapt it to your needs and capture your audience’s attention.Edmund Ainscough 7 August 2023
Slide 3: Important Notice & Disclaimer
Important Notice & Disclaimer 2 This Presentation has been prepared by employees of Lunnon Metals Ltd (“Lunnon”, “LM8” or “the Company”) on its behalf and is a summary only, and contains summary information about Lunnon and its activities, which is current as at the date of this Presentation (unless
Slide 4: Kambalda Nickel Sulphides: 1.6Mt Nickel Mined
Target Audiences Nickel Sulphides For personal use only Kambalda After 57 years & Values ClientDiscovery 1.6Mt nickel ^ mined … Sprint Capacity ^ kt Ni metal mined sourced from historical WMC production records plus sum of production from relevant ASX company announcements
Slide 5: After years & 1.6Mt nickel mined, is the best still to be found?
For personal use only … is the best After 57 years still to be & found? 1.6Mt nickel ^ mined … ^ kt Ni metal mined sourced from historical WMC production records plus sum of production from relevant ASX company announcements
Slide 6: Strategic Ownership of Critical Energy Transition Metal
Strategic Ownership of Critical Energy Transition Metal 5 N Mt Keith Ops Emerging recognition of For personal use only Cosmos Leinster Ni Ops strategic value of Ni sulphides 100km Laverton BHP Wyloo Leonora WSA, OZL and now MCR IGO POS LM8 Black Swan all acquired Ni conc. Kal. Ni smelter Kalgoorlie
Slide 7: Strategic Position – Prolific Kambalda Nickel Belt
Strategic Position – Prolific Kambalda Nickel Belt 6 N Kambalda & Widgiemooltha are For personal use only 10km distinct belts Kambalda renowned for: • High grade, high quality concentrate Kambalda • Low deleterious elements eg. arsenic nickel belt • High Fe:MgO ratios LM8 only ASX listed exposure Wi
Slide 8: Kambalda Dome: Land of the Giants
Kambalda Dome: “Land of the Giants” 7 Northern area mined ~continuously for >50 years For personal use only (now part of Wyloo) Significant production gap between north & south Southern – mines closed over 35 years ago, >10 years before WMC’s exit Dormant inside Gold Fields for close to 20 years ^ k
Slide 9: Silver Lake: Long South Gap
Silver Lake : Long South Gap 8 Kambalda nickel channels famous for their long For personal use only plunge extent Long South “Gap” is… • Down plunge of one of Kambalda’s great mines – Long Shaft, and • >340kt Ni metal^ mined from Long & Victor channels • In one of Australia’s most prolific nickel be
Slide 10: Silver Lake: Long South Gap
Silver Lake : Long South Gap For personal use only 9 Silver Lake - East Alpha channel is ~ 4.0km-5.0km long Long South Gap: 2.4km x 3.2km with no drilling LM8 seismic line defines high priority, walk up drill target “much more nickel sulphide in the ground”# …and… “the main ore body may not yet have
Slide 11: Unrivalled: Kambalda Nickel District
Unrivalled: Kambalda Nickel District 10 Past Nickel Production^: >440,000t nickel metal mined^ after Pre-WMC sale vs Total Life of Mine to date exit by WMC use only 4.3% 4.1% IGO – Long Shaft 3.9% 342 203 25% of all metal mined 3.7% MCR – Widgie/Nth Kamb For personal 3.5% Ni % 3.3% PAN – Lanfranchi
Slide 12: Baker-Foster: 2.9Mt @ 3.1%Ni (87,800t Ni)
Baker-Foster: 2.9Mt @ 3.1%Ni (87,800t Ni)* 11 Significant existing infrastructure = low capital cost For personal use only Discovery success ✓ >60km drilling to date ✓ Baker deposit: discovery to Ore Reserve in under 2 years ✓ 48,800t* Ni metal added De-risking ▪ Existing Mining Leases, minimal rema
Slide 13: Baker PFS: Unique Sprint Capacity
Baker PFS: Unique “Sprint Capacity” 12 Pre-Production Capex: $18.6M Payback: 0.7 Years For personal use only Free Cash Flow NPV8 PFS area Pre-tax: $196M Pre-tax: $164M Post tax: $145M Post tax: $121M Operating Costs Premium Conc. C1: $279/t Ore Mined Grade: 14.6% Ni AISC: $340/t Ore Mined Fe:MgO rat
Slide 14: Kambalda's Amazing Potential
Kambalda’s Amazing Potential 13 Right time for nickel, forward facing commodity ✓ For personal use only 4 historical Ni mines, 1 discovery ✓ Aggressive drill campaigns, making discoveries ✓ Increasing Mineral Resources ✓ Expanding asset base Right place to do business, unparalleled mining address ✓
Slide 15: Come see us at Booth #52
✓ This slide is 100% editable. Diggers and For personal use only Adapt it to your needs and Dealers 2023 capture your audience’s attention. ✓ This slide is 100% editable. Adapt it to your needs and capture your audience’s Come see us attention. at Booth #52
Slide 16: Lunnon Metals Overview
Lunnon Metals Overview 15 Liam Twigger Ashley McDonald Non- Corporate structure (ASX: LM8) Non-Executive Chair Executive Director close on 4 Aug 2023 For personal use only Board 196.5m $1.00 $196.5m Shares on issue^ Share price Market cap Ian Junk Deborah Lord Non-Executive Director Non-Executive Di
Slide 17: Important Notice – Competent Persons Statement
Important Notice 16 T h e i n f o r m a t i o n i n t h i s r e p o r t t h a t r e l a t e s t o n i c k e l g e o l o g y , n i c k e l M i n e r a l R e s o u r c e s , E x p l o r a t i o n T a r g e t a n d E xp l o r a t i o n Competent Persons R e s u l t s , i s b a s e d o n , a n d f a i r
Slide 18: Mineral Resources and Ore Reserves Reporting
Mineral Resources and Ore Reserves Reporting 17 This presentation contains references to Lunnon’s Ore Reserves and Mineral Resources, which are shown in a detailed breakdown below. Mineral Resources* as at 31 March 2023 Cut-off Indicated Ni Inferred Ni Total Ni For personal use only (Ni %) Tonnes %
Slide 19: Key Financial Assumptions
Key Financial Assumptions 18 Spot Price or Current Rate Assumption Unit Assumption Value (as at 18 May 23) For personal use only Nickel Price1 US$/t 24,000 21,334 Copper Price1 US$/t 7,500 8,302 Cobalt Price1 US$/t 40,000 34,930 Platinum Price1 US$/oz 850 988 Palladium Price1 US$/oz 1,250 1,356 AUD:
Slide 20: Prior ASX Announcements
Prior ASX Announcements 19 This presentation contains references to Lunnon’s Exploration Results and previous announcements. The information in this presentation that relates to previous Exploration Results has been extracted from the following Lunnon ASX announcements, where full details including