Anax Metals Limited · ASX:ANX
Anax Metals — Investor Presentation (August 2022)
23 slides from Anax Metals's investor presentation, Aug 2, 2022
Slide 1: Developing a Sustainable Copper Project in the Pilbara
Developing a Sustainable Copper Project in the Pilbara - with Gold and PGM Exploration Upside ASX:ANX – August 2022
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by Anax Metals Limited (the Company) based on information from its own, and third-party sources and is not a disclosure document. No party other than the Company has authorised or caused the issue, lodgement, submission, despatch or provision of this pr
Slide 3: Company Strategy – Three Key Elements
COMPANY STRATEGY – THREE KEY ELEMENTS Anax - Leader in Ancient Greek DELIVERY EXPLORATION DISCOVERY Leveraged accretion of value through Exploring for significant new gold Assessing opportunities to develop monetising advanced assets using discoveries at the Whim Creek other advanced projects throug
Slide 4: Copper – Growth Driven by an Electric Future
COPPER – GROWTH DRIVEN BY AN ELECTRIC FUTURE Quantity of copper in projects sanctioned since 2007 40% of future demand growth is from green technologies 2007 - 2012: 2013 - 2017: 2018 – 2021: 203 projects sanctioned 75 projects sanctioned 67 projects sanctioned 18 Green Consumption CAGR 2,800 14,000
Slide 5: Company Milestone Achievements Since November 2020 Re-listing
COMPANY MILESTONE ACHIEVEMENTS SINCE NOVEMBER 2020 RE-LISTING 1,2 MILESTONES Re-listed and commenced trading on ASX – $2M raised (66.7m shares @ $0.03 per share) November 2020 Whim Creek 80% Acquisition for $4M Earn-in and $3M cash 80% Earn-in to Whim Creek Project complete – further $500k expended
Slide 6: Sustainable Pilbara Copper - Whim Creek
SUSTAINABLE PILBARA COPPER - WHIM CREEK Project Highlights1, 2 SUSTAINABLE PILBARA Free Cashflow of COPPER Pre-production capital $291M WITH EXPLORATION cost estimate of $55M UPSIDE US$20M Debt Funding ANX 80% / Develop 10,000-11,000 tpa Cu Global Limited 20% - Package from Anglo (eq) production Ame
Slide 7: Company Board and Management
COMPANY BOARD AND MANAGEMENT Meet Our Team CHAIRMAN NON-EXECUTIVE DIRECTOR NON-EXECUTIVE DIRECTOR MANAGING DIRECTOR Phillip Jackson Peter Cordin Phil Warren Geoff Laing (Barrister and Solicitor) (Civil Engineer) (Charted Accountant) (Chemical Engineer) Anax Metals Management Team Andrew McDonald - M
Slide 8: Capital Structure
COMPANY BOARD AND MANAGEMENT 55% CAPITAL STRUCTURE 6% 6% 15% SHARES ON ISSUE 405.6M 7% 11% MARKET CAP $0.07 $28.4M JETOSEA PTY LTD Directors HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED J P MORGAN NOMINEES AUSTRALIA PTY LIMITED BEARAY PTY LTD Other CASH ~ $7.32M (As at 31 March 2022) NTA (CASH + LISTED
Slide 9: The Anax Flowsheet – Using Technology to Deliver a Robust Project
THE ANAX FLOWSHEET – USING TECHNOLOGY TO DELIVER A ROBUST PROJECT Open pit mining from developed pits – critical mass at Mons Cupri and Mons Cupri Whim Creek with significant underground “sweeteners” at Salt Creek Whim Creek Salt Creek and Evelyn Highest grades in the upper portion of the deposi
Slide 10: Mons Cupri Pit Design
MONS CUPRI PIT DESIGN Cu ≥ 0.3% + Residual Zn ≥ 1.0%, colored by Cu Mons Cupri 2021 Scoping Study Production Target: 2.4 Mt @ 1.15% Cu, 1.55% Zn, 0.65% Pb, 31 g/t Ag and 0.20 g/t Au 10
Slide 11: Whim Creek Pit Design
WHIM CREEK PIT DESIGN CuEq ≥ 0.3 (CuEq = Cu + 0.13 x Zn) Whim Creek 2021 Scoping Study Production Target: • 0.7 Mt @ 1.54% Cu and 1.17% Zn 11
Slide 12: Site Crushing Ore Sorting
SITE CRUSHING ORE SORTING 3D Model 12
Slide 13: Plant 3D Model
PLANT 3D MODEL 13
Slide 14: Whim Creek Copper - Zinc Project
WHIM CREEK COPPER - ZINC PROJECT 1,2 Production Target (92% of which is in the Measured or Indicated Resource Category) that underpins mining and processing for a period of 5 to 7 years Particle sorters to upgrade ore with pre-concentrate to be processed through a 320ktpa concentrator constructe
Slide 15: Key Production/Financial Charts
KEY PRODUCTION/FINANCIAL CHARTS 1,2 Metal Production - tonnes of ctd Cu, Zn and Pb 000'ts 14.0 12.0 10.0 Cashflow Sensitivity Analysis -/+ 10% (A$m) 8.0 Rate of Exchange (64) 78 6.0 4.0 Cu Price (45) 45 2.0 % Cu (43) 43 0.0 (33) 33 Q1 Y1 Q2 Y1 Q3 Y1 Q4 Y1 Q1 Y2 Q2 Y2 Q3 Y2 Q4 Y2 Q1 Y3 Q2 Y3 Q3 Y3 Q4
Slide 16: Key Production/Financial Charts
KEY PRODUCTION/FINANCIAL CHARTS 1,2 Sources of Revenue Operating Cost Profile Treatment and Refining 23% Processing Other 15% Silver Gold 7% Lead 7% 4% 6% Shipping 9% Copper Mining Zinc 55% Crushing and 42% 28% Sorting 4% 1 Reported on a 100% Project Basis. Anax has an 80% interest in the project an
Slide 17: Employing Innovation to Enhance Project Economics and Reduce Carbon Footprint
EMPLOYING INNOVATION TO ENHANCE PROJECT ECONOMICS AND REDUCE CARBON FOOTPRINT High grade deposits deliver lower carbon consumption per tonne of metal Particle sorting delivers a 50% reduction in material milled and dispatched to tailings - >22 MWh reduction in energy consumption - >50% reduction
Slide 18: Whim Creek Project Development Update
WHIM CREEK PROJECT DEVELOPMENT UPDATE Key Upcoming Milestones Next Steps • Updated Scoping Study • Feasibility Drilling • Definitive Feasibility • Commencement of Study • Construction Works Approval/ • Exploration • Identification of long • FID • Production License Deliverables Drilling lead equipme
Slide 19: Whim Creek Project - Exploration
WHIM CREEK PROJECT - EXPLORATION Located in highly prospective Archean granite- greenstones of the Pilbara region, encompassing the width of the Whim Creek Greenstone Belt, the Whim Creek Project is perspective for - orogenic, structurally controlled gold - conglomerate-hosted gold - iron oxide co
Slide 20: Whim Creek Project Exploration
WHIM CREEK PROJECT EXPLORATION Anax has defined deep-seated structures bounding the tenure to the northwest and southeast as the focus of exploration 3D structural modelling has generated new potential for exploration 2021 regional UltraFine+™ soil sampling has defined clear geochemical target
Slide 21: Whim Creek – Environmental Site Improvements
WHIM CREEK – ENVIRONMENTAL SITE IMPROVEMENTS Whim Creek is subject to an Environmental Protection Notice (EPN) EPN Risks and site improvements were fully disclosed in the Company’s prospectus dated 18 September 2020 These works will facilitate site improvement, ultimately intended to meet curr
Slide 22: Why Invest in Anax Metals?
WHY INVEST IN ANAX METALS? DELIVERY Sustainable Pilbara Copper 10,000-11,000 tpa Cu (eq) production Pre-production capital cost estimate of $55 million Free Cashflow of $291M Debt Funding - US$20M from Anglo American (subject to the DFS) EXPLORATION Significant exploration programme in p
Slide 23: Thanks
THANKS Contact: Geoff Laing (Managing Director) Address: Ground Floor West, 20 Kings Park Road E-mail: info@anaxmetals.com.au Phone: +61 8 6143 1840 Website: www.anaxmetals.com.au 23