Empire Metals Limited · LSE:EEE
Empire Metals — Investor Presentation (June 2024)
19 slides from Empire Metals's investor presentation, June 2024
Slide 1: Developing a Giant Titanium Project – A Critical Mineral
924116 DEVELOPING A GIANT TITANIUM PROJECT – A CRITICAL MINERAL WITHIN A WORLD CLASS AUSTRALIAN MINING REGION CORPORATE PRESENTATION | JUNE 2024 www.empiremetals.co.uk | Page 1
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by Empire Metals Limited (“Empire” or the “Company”) and does not constitute an offer or invitation for the sale or purchase of any securities, nor does it purport to, set out, or refer to all or any of the information an investor might require or expec
Slide 3: Company Snapshot
COMPANY SNAPSHOT Focused on developing Pitfield, an emerging “giant” titanium project • PITFIELD (70% owned by Empire) Pitfield tenements (1,042km2) located in Mid West Region of WA , 313kms north of Perth Giant-scale, hydrothermal mineral system extending 40km by 8km by 5km deep: hosted within a se
Slide 4: What is Titanium Dioxide?
WHAT IS TITANIUM DIOXIDE? Found in everyday products – becoming more vital as our environment faces greater challenges • TiO2 is a white inorganic compound, which has been used for around 100 years in a vast number of diverse products. • It is depended on for its non-toxic, non-reactive and luminous
Slide 5: Titanium: A Critical Metal
TITANIUM: A CRITICAL METAL A growing market and classed as a critical metal by US, UK, European Union, Australia and Japan Total Titanium Market valued at ~$22B in 2022 and Titanium Dioxide Pigments (~89% Market) consumption is expected to grow at 2.5% per annum1 • Mainly used in paints, coatings, p
Slide 6: Giant Scale Mineral System
GIANT SCALE MINERAL SYSTEM World class discovery – a titanium giant, hidden in plain sight Grey-scale magnetics map overlain by airborne gravity data showing RC and diamond core drillhole collars. • Geophysical surveys identified a giant-scale hydrothermal mineral system associated with a 40km by 8k
Slide 7: High Value Weathered Cap
HIGH VALUE WEATHERED CAP Highly valuable, titanium dioxide minerals that are readily accessible from surface Simplified cross section showing strongly weathered saprolite, transitional • Rutile and anatase contain >95% TiO2 and are and fresh bedrock zones with respective titanium mineral assemblages
Slide 8: Exploration Target
EXPLORATION TARGET District scale discovery – with potential for several multi-generational mines Grey-scale magnetics map overlain by gravity data with the location of drillhole collars and • The JORC Exploration Target for the Thomas and Cosgrove Exploration Target. mineral prospects is estimated
Slide 9: Titanium Industry: The Supply Side
TITANIUM INDUSTRY: THE SUPPLY SIDE ~95% of the world’s titanium is mined as ilmenite • Ilmenite sourced from either “hard rock” igneous Feedstock driven by plant design and operations. Empire targeting high deposits or from low-grade beach sand operations. value end of the market. • TiO2 pigments ar
Slide 10: Processing: Mine to Final Product
PROCESSING: MINE TO FINAL PRODUCT Aiming to develop a fully integrated, mining, processing and refining operation • Rutile, anatase and titanite considered to be “non-refractory” minerals and should dissolve readily under low temperature acidic conditions. • An initial mineral separation stage follo
Slide 11: Pitfield: Next Generation Supplier
PITFIELD: NEXT GENERATION SUPPLIER Providing a unique and timely solution to long term industry issues • Producers (particularly chloride) currently suffering from: • Higher costs (e.g. reagent & energy) • Low availability of higher-grade ilmenite and natural rutile • CO2 intensive beneficiation pro
Slide 12: Infrastructure & Services
INFRASTRUCTURE & SERVICES World class location - close to major infrastructure • Western Australia, ranked as one of the top mining Mid West Region Infrastructure and Services Map jurisdictions in the world*, has mining-friendly policies, stable government, transparency, and advanced technology expe
Slide 13: Current Activities
CURRENT ACTIVITIES Current development activities are fully funded and underway or planned to commence in 2024 Metallurgy testing underway • Petrology and mineralogical analysis to determine the key ore characteristics such as particle size, mineral assemblage, hardness etc. • Metallurgical studies
Slide 14: Development Plan – 2024/2025
DEVELOPMENT PLAN – 2024/2025 Project being fast-tracked - focus on process design and product development H1 2024 H2 2024 H1 2025 H2 2025 v Exploration Target v Resource in-fill drilling v Resource in-fill drilling v Mineral Resource drilling completed: Stage1: Stage2: Estimate; ü Diamond Core (800m
Slide 15: Directors & Management
DIRECTORS & MANAGEMENT Experienced and diversified Board focused on discovery, development and value creation Dr. Neil O’Brien Shaun Bunn Greg Kuenzel Peter Damouni Arabella Burwell Non-Executive Chairman Managing Director Finance Director Non-Executive Director Business Development Ph.D. Economic g
Slide 16: Technical Leadership Team
TECHNICAL LEADERSHIP TEAM Talented team of exploration, process development and titanium industry specialists Narelle Marriott David Parker Andrew Faragher Process Development Manager Commercial Manager Exploration Manager Former BHP Snr Process Former Director & Co. Secretary Former Rio Tinto Explo
Slide 17: Corporate Overview
CORPORATE OVERVIEW Market AIM Significant Shareholders (over 3%) Number of Shares Percentage Ticker EEE Hargreaves Lansdown 99,322,466 16.59% Market Cap. £67 million* Interactive Investor 98,695,180 16.48% Group’s cash position £3.43 million** Oberon Investments 57,358,510 9.58% Share price 11.15p*
Slide 18: Investment Summary
INVESTMENT SUMMARY Accelerating the economic development of the Pitfield Titanium Project 1. Pitfield: a newly recognized giant-scale, high-grade, sedimentary-hosted “soft-rock” deposit, comprising mainly non-refractory titanium-bearing minerals, unlike beach sand and hard-rock ilmenite deposits fou
Slide 19: Contacts
CONTACTS: info@empiremetals.co.uk London Office Address: : 4-8 Heddon Street, London W1B 4BS Perth Office Address: 506A Hay Street, Subiaco WA 6008, Australia +44 (0) 20 4583 1440 www.empiremetals.co.uk 19 www.empiremetals.co.uk | Page