Australian Strategic Materials Ltd · ASX:ASM
Australian Strategic Materials — Bell Potter Unearthed (February 2023)
17 slides from Australian Strategic Materials's conference presentation, Feb 7, 2023
Slide 1: Bell Potter Unearthed Presentation
Bell Potter Unearthed Presentation Rowena Smith Rare Earths. 7 February 2023 Critical Minerals. High-tech Metals.
Slide 2: Disclaimer & Competent Person's Statement
Disclaimer & Competent Person’s Statement Forward Looking Statements This presentation contains certain statements which constitute “forward looking statements”. Often, but not always, forward looking statements can generally be identified by the use of forward looking words such as “may”, “will”, “
Slide 3: ASM
ASM Building a global rare earths and critical minerals business to provide the high-tech metals needed to solve the challenges of today and the future. © 2022 p. 3
Slide 4: From mine to metals
From mine to metals DUBBO PROJECT GLOBAL CUSTOMERS KOREAN METALS PLANT Mining Separating Metallising & Refining Advanced New growth Sustainable manufacturing industries energy industries Products Products Electric Wind Semiconductors Metal oxides & High-tech vehicles turbines mixed chlorides metals
Slide 5: Sustainability
Sustainability ASM wants to leave a legacy that delivers enduring benefits to the communities and regions where it operates. © 2022 p. 5
Slide 6: Compelling ESG credentials
Compelling ESG credentials People and community Health and safety Renewable energy Biodiversity management MEMBER PARTICIPANT UN Global Compact © 2023 p. 6
Slide 7: Corporate profile
Corporate profile ASX:ASM Ordinary Shares (m) 166.7 Board of Directors Share Price AUD 1.795 Market Capitalisation AUD 318m 52 week low/high AUD 1.350 - 9.420 Ian Gandel Gavin Smith Nic Earner Kerry Gleeson Cash (at 30 Dec 2022) AUD 71.9m Non-Executive Non-Executive Non-Executive Non-Executive Chair
Slide 8: Establishing an integrated supply chain
Establishing an integrated supply chain DUBBO PROJECT Mining On-site Processing Products Status • Neodymium praseodymium oxide • Optimisation Study delivered Separation • Terbium oxide • Approvals in place Purification • Dysprosium oxide • EPC Definition with HEC Roasting commenced • Zirconia • Enga
Slide 9: Korean Metals Plant
Korean Metals Plant Rare earths and critical minerals metallisation. From ground breaking to first delivery in 15 months. © 2022 p. 9
Slide 10: Korean Metals Plant key facts
Korean Metals Plant key facts Opened Titanium alloys Neodymium in development 12 May 2022 products initial focus CuTi alloy using LK Process NdPr metal & NdFeB alloy Located in Ochang Foreign Investment Zone Approx. 115 kms south of Seoul © 2023 p. 10
Slide 11: Korean Metals Plant milestones and targets
Korean Metals Plant milestones and targets Milestones achieved Targets Nov 2020 Acquired Ziron Tech1 and R&D team joined ASM 1H 2023 Complete NdFeB strip caster commissioning Progressed development of LK Process Secure first sale NdFeB alloy July 2021 Commenced construction Ramp up production
Slide 12: Dubbo Project
Dubbo Project The right project, in the right place, at the right time. © 2022 p. 12
Slide 13: Dubbo Project key facts
Dubbo Project key facts Rare earths and critical 20-year life of mine Construction readiness minerals resource Further 50 years of All major approvals in place resource1 Land and water licences owned EPC Definition commenced Advanced Workforce Compelling flowsheet opportunities ESG credentials Devel
Slide 14: Dubbo Project delivers strong financials
Dubbo Project delivers strong financials 23.5% Revenue1 Pre-tax IRR AUD 840m AUD 2,361 million > 60% margin2 44% Forecast pre-tax NPV Rare Earths Zirconium Hafnium Opex AUD 425 million Niobium AUD 287m Annual Free cash flow3 33% 4% AUD 1,678 million 34% Capital cost estimate 19% including contingenc
Slide 15: Dubbo Project milestones and targets
Dubbo Project milestones and targets Targets Milestones achieved 2H 2023 Secure bankable offtakes Equity from strategic partner(s) /government(s) Jun 2021 Received AUD 200m Letter of Support from Export Finance Australia1 HEC progresses EPCD work Dec 2021 Finalised Optimisation Study Work2 Com
Slide 16: Dubbo Project diversified revenue
Dubbo Project diversified revenue Dubbo Products Production Revenue Potential end users Nd/Pr Oxide 1,342 tpa GM Noveon Tesla Tb Oxide 22 tpa 44% Hyundai NS World Other OEMs Dy Oxide 142 tpa Rare earths Marubeni Samsung C&T Zirconia 33% ATI Imerys KNFC 13,500 tpa Dehafniated Zirconia 2,500 tpa Frama
Slide 17: info@asm-au.com asm-au.com
+61 8 9200 1681 info@asm-au.com asm-au.com Rare Earths. Critical Minerals. High-tech Metals.
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