Anax Metals Limited · ASX:ANX
Anax Metals — Shareholder Meeting (November 2023)
30 slides from Anax Metals's shareholder meeting presentation, Nov 27, 2023
Slide 1: Whim Creek – Sustainable Copper Production & Processing Hub in the Pilbara
- WHIM CREEK – For personal use only SUSTAINABLE COPPER PRODUCTION & PROCESSING HUB IN THE PILBARA ASX:ANX – November 2023
Slide 2: Disclaimer
Anax Metals Limited 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
Slide 3: Company Strategy
Anax Metals Limited COMPANY STRATEGY Technology driven development and growth DELIVERY For personal use only Delivering shareholder value through developing and consolidating advanced assets using innovative technology – The Whim Creek Copper Hub EXPLORATION Leveraging value through targeted explora
Slide 4: Near Term Value Drivers
Anax Metals Limited NEAR TERM VALUE DRIVERS WHIM CREEK PROJECT: Fully Permitted & Established Mine site with Potential For near term Copper Production $410M PROJECT FREE CASHFLOWS + RESOURCE GROWTH POTENTIAL For personal use only Heap leach delivers 20% increase in cashflows from $340M (DFS) to >
Slide 5: Whim Creek Copper – Growth Driven by an Electric Future
Anax Metals Limited WHIM CREEK COPPER – GROWTH DRIVEN BY AN ELECTRIC FUTURE 40% of future demand growth is from green technologies 18 For personal use only CAGR 16 14 Electric Vehicles 15% a year Total Incremental Consumption (Mt) 12 10 Offshore Wind 10% a year 8 6 4 Solar Power 4% a year 2 0 2020 2
Slide 6: The Copper Supply Side Challenge and the Whim Creek Opportunity
Anax Metals Limited THE COPPER SUPPLY SIDE CHALLENGE AND THE WHIM CREEK OPPORTUNITY A shortage of quality projects ready for development Quality, probable projects with necessary scale, in low-risk WHIM CREEK - THE OPPORTUNITY: jurisdictions For personal use only 1. RAPID, COST-EFFECTIVE Increasingl
Slide 7: Copper Mining in the Pilbara – Whim Creek Project
Anax Metals Limited For personal use only COPPER MINING IN THE PILBARA WHIM CREEK PROJECT www.anaxmetals.com.au Email: info@anaxmetals.com.au
Slide 8: Project Economic Highlights – Combined DFS and Bioleach Study
Anax Metals Limited PROJECT ECONOMIC HIGHLIGHTS – COMBINED DFS and Bioleach Study 1, 2 , 3, 4 $410M in Project Cashflows from the production of copper zinc lead concentrates and copper cathode and ZnSO4 crystal Whim Creek Project owned by ANX For personal use only (80%) and Develop (20%) Pre-Product
Slide 9: Whim Creek – A Permitted and Established Mining Site
Anax Metals Limited WHIM CREEK – A PERMITTED AND ESTABLISHED MINING SITE Whim Creek Overview Location 120 km from Port Hedland and Karratha Mineralisation VMS For personal use only Site Haul Roads, Workshops, Offices, Bore field, Infrastructure Crushing Plant, Heap and Ponds, SX and EW plants, Power
Slide 10: Whim Creek – A Processing Hub with Sorting, Concentrator and Heap Leach Facilities
Anax Metals Limited WHIM CREEK – A PROCESSING HUB WITH SORTING, CONCENTRAOR AND HEAP LEACH FACILITIES 1 For personal use only Haul Road to Mons Cupri Crushing and Ore Sorter plant Concentrator SX-EW Plant Powerhouse W-drains Heap Offices Workshops Raw Water Pond Process Ponds Overflow ponds 1. ASX a
Slide 11: Whim Creek Project Financial & Economic Outcomes
Anax Metals Limited WHIM CREEK PROJECT FINANCIAL & ECONOMIC OUTCOMES (DFS + Bioleaching Scoping Study) METRIC UNIT OUTCOME Net Revenue (net of TCs and Royalties) $M (LOM) 1079 Operating costs $M (LOM) 628 For personal use only Operational cashflow $M (LOM) 451 Free cash (pre-finance, pre-tax) $M (LO
Slide 12: DFS Growth
Anax Metals Limited DFS GROWTH For personal use only www.anaxmetals.com.au Email: info@anaxmetals.com.au
Slide 13: Evelyn High Grade Growth Potential
Anax Metals Limited EVELYN HIGH GRADE GROWTH POTENTIAL 1,2 For personal use only Longhole Open Stoping (bottom-up) at 20 m level spacings, unconsolidated backfill 2.5 year mine life Production Target (Indicated + Inferred) of 583Kt Reserve (Ind. only) of 0.5Mt @ 2.11% Cu, 3.32% Zn, 34 g/t Ag
Slide 14: Whim Creek Project Salt Creek Underground
Anax Metals Limited WHIM CREEK PROJECT SALT CREEK UNDERGROUND 1 Underground – Salt Creek Modified Avoca mining method at 20 m level spacings, unconsolidated backfill, 3-year mine life For personal use only Production Target (Indicated + Inferred) of 962Kt @ 1.34% Cu, 5.40% Zn, 1.85% Pb, 45 g/t A
Slide 15: Whim Creek Processing Hub – Centre of the Pilbara Base Metals Province
Anax Metals Limited WHIM CREEK PROCESSING HUB – CENTRE OF THE PILBARA BASE METALS PROVINCE Planned and existing Infrastructure is ideally For personal use only suited for a regional processing hub Whim Creek will have the facilities to treat oxide, transitional and primary sulphide ores from sur
Slide 16: The Anax Flowsheet – Using Technology to Deliver a Robust Project
Anax Metals Limited THE ANAX FLOWSHEET – USING TECHNOLOGY TO DELIVER A ROBUST PROJECT Two Parallel Process Streams For personal use only Whim Creek - fully permitted site with near- term production potential Whim Creek has the unique ability to treat primary and secondary ore (mitigating metallu
Slide 17: Lithium Gold and Copper Exploration
Anax Metals Limited For personal use only LITHIUM GOLD AND COPPER EXPLORATION www.anaxmetals.com.au Email: info@anaxmetals.com.au Weathered pegmatite outcrop at Loudens Patch
Slide 18: Whim Creek Exploration
Anax Metals Limited WHIM CREEK EXPLORATION Located in highly prospective Archean granite- greenstones of the Pilbara region, encompassing the width of the Whim Creek Greenstone Belt For personal use only Near mine extensions to known copper-zinc-lead resources remain underexplored Pegmatites a
Slide 19: Whim Creek Project Exploration (cont.)
Anax Metals Limited WHIM CREEK PROJECT EXPLORATION (cont.) Pegmatites observed at Whim Maar and Loudens Patch systematically mapped and sampled in August 2023, confirming cohesive anomalism. Drilling targets defined1 For personal use only Central area remains underexplored.1 GSWA mapping and 3D
Slide 20: Whim Maar Lithium Exploration
Anax Metals Limited WHIM MAAR LITHIUM EXPLORATION Mapping defines extensive pegmatite swarms at Whim Maar following the regional northeast structural and magnetic trend For personal use only Rock sample analysis confirmed anomalous lithium in historically mapped pegmatites 1 Lithium is highly
Slide 21: Loudens Patch Lithium Exploration
Anax Metals Limited LOUDENS PATCH LITHIUM EXPLORATION For personal use only Weathered pegmatite outcrop at Loudens Patch Lithium soil anomalies were defined with UltraFine+™ soil sampling in 2021 and 2022 across the western half of Loudens Patch. Recent reconnaissance rock chip sampling and mapping
Slide 22: Corporate and ESG
Anax Metals Limited For personal use only CORPORATE AND ESG www.anaxmetals.com.au Email: info@anaxmetals.com.au
Slide 23: Capital Structure
Anax Metals Limited CAPITAL STRUCTURE Share Price Market Capitalisation Top Shareholders For personal use only $0.027 $13.46M (On 22 November 2023) INSTITUTIONAL AND HNW 44.98% 43.47% Shares On Issue Cash DIRECTORS 480.9M ~ $1.7M 11.27% RETAIL (On 22 November 2023) (On 30 June 2023) Unsecured Loan N
Slide 24: Board of Directors
24 For personal use only PHILLIP JACKSON GEOFF LAING PETER CORDIN PHIL WARREN (Barrister and Solicitor) (Chemical Engineer) (Civil Engineer) (Charted Accountant) Chairman Managing Director Non-Executive Director Non-Executive Director Barrister and solicitor with significant legal and international
Slide 25: Management Team
Anax Metals Limited MANAGEMENT TEAM For personal use only JENINE OWEN JENINE OWEN ANDREW MCDONALD WENDY BEETS DAN O'HARA BCompt, CAANZ, GAICD BSc (Hons) Geology, PG Dip (GIS), Grad Cert (Mineral Economics), MAIG BSc, MIAG Bachelor Env Sc Chief Financial Officer Manager Projects Manager Projects Gene
Slide 26: ESG
Anax Metals Limited ESG ENVIRONMENTAL SOCIAL GOVERNANCE Anax is actively pursuing a low carbon Strong community involvement Experienced and diverse board development strategy for Whim Creek by building For personal use only Anax is co-funding the refurbishment of the Ore-sorting and Bioleachin
Slide 27: Appendices
APPENDICES For personal use only Massive sulphide copper-zinc mineralisation in 22AED003 and 22AED004A * *Reported: Evelyn Underground Mining and Metallurgy Studies Finalised 20 February 2023*
Slide 28: Appendix 1: Resources and Reserves
Anax Metals Limited Appendix 1: RESOURCES AND RESERVES RESERVES Ore Cu Zn Pb Ag Au Classification Deposit Mt % % % ppm ppm For personal use only Mons Cupri 1.06 1.46 1.58 0.68 38 0.28 Proven Sub-total 1.06 1.46 1.58 0.68 38 0.28 Mons Cupri 1.49 0.83 1.08 0.47 23 0.14 Whim Creek 0.72 1.54 1.14 0.15 7
Slide 29: Appendix 3: Source Documents (Whim Creek Processing Hub)
Anax Metals Limited Appendix 3: SOURCE DOCUMENTS (WHIM CREEK PROCESSING HUB) Company Name Source Documents Sabre Resources https://www.asx.com.au For personal use only Artemis Resources: https://wcsecure.weblink.com.au • Whundo https://www.asx.com.au • Munni Hondo • Whundo Ayshia https://www.alienme
Slide 30: Many Thanks
MANY THANKS For personal use only 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