Diatreme Resources Limited · ASX:DRX
Diatreme Resources — Noosa Mining Investor Conference 2023
29 slides from Diatreme Resources's conference presentation, Jul 20, 2023
Slide 1: Critical Mineral High Purity Silica
For personal use only Critical Mineral High Purity Silica Tier 1 Jurisdiction Size and Scale July 2023 Noosa Mining Investor Conference
Slide 2: Important Information
Important Information ASX:DRX | 2 For personal use only This presentation contains certain forward-looking statements and forecasts which include without ASX Announcements limitation, expectations regarding future performance, exploration, mineral resources, the financial position of Diatreme Resour
Slide 3: Company profile
Company profile ASX:DRX | 3 Northern Silica 235Mt Project Cape Flattery Silica For personal use only Mine Diatreme Resources is an emerging Exploration Australian producer of critical high tenements Mining Lease purity, low iron silica sands. Applications Exploration target Si2 North Resource Our No
Slide 4: Our Vision
Our Vision ASX:DRX | 4 For personal use only To be a near-term producer 01 02 of high purity, “low iron” Northern Silica is one of Potential for delivery of two world class low iron silica sands for use in the world’s purest silica sands projects. high purity silica projects. growing global solar PV
Slide 5: Corporate snapshot
Corporate snapshot ASX:DRX | 5 For personal use only Share price Market capitalisation Shareholder interests A$0.024 A$93.2m Ilwella Pty Ltd / Flannery Office 21% 14 Jul 2023 14 Jul 2023 52 week high $0.044, low $0.022 Sibelco 20% Deutsche Baleton 9% Shares on issue Cash Directors & Management 1% 3,
Slide 6: Experienced Leadership
Experienced Leadership ASX:DRX | 6 Our team has extensive experience in the government, mining and resources sector For personal use only Wayne Swan Neil McIntyre MBE Michael Chapman Gregory Starr Cheng (William) Wang Chairman Chief Executive Officer Non-Exec Director Non-Exec Director Non-Exec Dire
Slide 7: Sibelco: Our development partner
Sibelco ASX:DRX | 7 Our development partner For personal use only Formation of Silica Projects J/V with • Sibelco direct corporate entry for 15% shareholding in Diatreme (completed) Sibelco June 2022 - progressive (two tranche) entry contributing $35m to earn • J/V tranche 1 completed (Jan 2023) 26.
Slide 8: Sibelco
Sibelco ASX:DRX | 8 One of the world’s leading providers of industrial minerals For personal use only • Sibelco is a leader in its main European market with a share of approximately 10% • Sibelco is a clear leader in Europe for silica used in glass production and in the Asian market for fibre and di
Slide 9: Long life sustainable operations
Long life sustainable operations ASX:DRX | 9 Great logistics, conveyed products, existing port, sustainability For personal use only Multi-phase high purity sand dunes located 20-50km 2018 – 2023 2023 – 2026* Long Term northeast of Hope Vale in FNQ, extend inland for Exploration, Transition to Deliv
Slide 10: Maintain the rights of Traditional Owners
Maintain the rights of Traditional Owners For personal use only • Walmbaar Aboriginal Corporation and Hope Vale Congress • Walmbaar Aboriginal Corporation has established a traditional Aboriginal Corporation represent interests of affected native owner negotiation committee, the TONC, to negotiate w
Slide 11: Community benefits
Community benefits ASX:DRX | 11 For personal use only • Diatreme maintains office in Hope Vale servicing all project • Initial 60% Indigenous employment target, tracked by developments KPI’s • Mining Project Agreements with Indigenous clan groups • Indigenous business development owned and deliver i
Slide 12: Northern Silica Project
Northern Silica Project ASX:DRX | 12 235Mt Resource Base For personal use only • Primary development focus for Diatreme • March 2023 - 89% Resource estimate expansion from 124.1Mt to 235Mt • Ongoing significant exploration potential with further work planned for 2023 des@noosaminingconference.com.au
Slide 13: Mineral Resource Estimate update
Mineral Resource Estimate update ASX:DRX | 13 Increased by more than 240% in three years For personal use only 2021 2022 2023 Measured, Indicated & Measured, Indicated & Measured, Indicated & Selective targeting and Inferred Mineral Resource Inferred Mineral Resource Inferred Mineral Resource explor
Slide 14: Northern Silica Project
Northern Silica Project ASX:DRX | 14 For personal use only Mineral Resource High purity “low iron” silica product* 235Mt Silica sand Iron oxide =<120ppm Silicon dioxide =<99.9% Particle size distribution 109-700 microns >99.33% SiO2 grade Required global specs Required global specs Required global s
Slide 15: Northern Silica Project: Scoping Study metrics
Northern Silica Project ASX:DRX | 15 Scoping Study metrics For personal use only Av annual ore feed Annual production Silica price Av Annual gross revenue Gross revenue 6,050,000t 3mtpa rising to 5m A$81/t* A$391m x 25 years A$9.80b Project life * The price assumption is for a ‘low iron’ silica sand
Slide 16: Silica market: Critical minerals hub
Silica market ASX:DRX | 16 Critical minerals hub For personal use only • Qld Critical Minerals Strategy to oversee $245M investment in critical minerals, driving energy transition to renewables • Cape Flattery area identified as potential silica critical minerals hub • Cape Flattery “hub” can create
Slide 17: Silica surge
Silica surge ASX:DRX | 17 US$32B global market by 2028 For personal use only • High-grade silica sand an essential raw material for • Supply diminishing as much of sand used in Asia comes production of solar panels, smartphones & other from rivers where environmental concerns are specialty glass use
Slide 18: Asia supply shortfall
Asia supply shortfall ASX:DRX | 18 Source: IMARC Group, Report Title: “Asia Pacific Silica Sand Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” February 2021 For personal use only 180 APAC sales volume (Mtpa) 40Mtpa of 160 extra high quality sand is needed in APAC
Slide 19: Northern Silica Project: Mining and infrastructure
Northern Silica Project ASX:DRX | 19 Mining and infrastructure For personal use only • Phase 1: Production of 3Mtpa; transhipping via barge to ocean-going vessel (OGV) within Port of Cape Flattery using existing berthing “pocket”. • Phase 2: Production of 5Mtpa; direct loading from jetty to OGV dock
Slide 20: Ports North/CFSM/Diatreme
Ports North/CFSM/Diatreme ASX:DRX | 20 Unlocking approvals resource For personal use only • Tripartite Entry Deed signed with Far North Queensland Ports Corporation (Ports North), the relevant port authority for Cape Flattery Port & port incumbent operator Cape Flattery Silica Mines (CFSM, Mitsubish
Slide 21: Galalar Project
Galalar Project ASX:DRX | 21 Strategic 75m silica resource For personal use only Galalar Project anticipated to feed future NSP production Production aligned to Diatreme’s low impact model and future silica market demand Cooktown Nob Point Galalar Project ASX:DRX | 21
Slide 22: Business value drivers
Business value drivers ASX:DRX | 22 For personal use only Environmental & Consistent Low capex start- Single high purity delivery into silica up, high NPV, silica product social licence to operate market deficit rapid payback Evolving downstream high World class Supporting Lowest quartile deposit, i
Slide 23: Upcoming value catalysts – Northern Silica Project
Upcoming value catalysts – Northern Silica Project ASX:DRX | 23 Upcoming value catalysts 2023 - 2026 For personal use only 1H - 2023 Scoping Study (complete) – Commence EIS 2H - 2023 Commence EIS site assessments – Infill and resource expansion drilling - Bulk testwork 1H - 2024 Ongoing EIS site ass
Slide 24: Project delivery timeline
Project delivery timeline ASX:DRX | 24 2023-2026 For personal use only Northern Silica Project Summary Timeline 2023-2026* 1H - 2023 2H - 2023 1H - 2024 2H - 2024 1H - 2025 2H - 2025 1H - 2026 2H - 2026 Scoping Study & Commence EIS ✓ Complete Q3 2025 Finalise Draft EIS for Public Comment & Obtain ML
Slide 25: Integrated sustainability
Integrated sustainability ASX:DRX | 25 For personal use only Business Delivery Secure jurisdiction, Multiple long life projects, Utilising and upgrading Low CAPEX, low payback, Uncomplicated mining, Attracting investor Innovation delivering including a government with low risk resource product deliv
Slide 26: Contact Details
For personal use only CONTACT DETAILS Critical High Office: Unit 8, 61 Holdsworth Street Purity Silica Coorparoo, QLD, 4151 P: 07 3397 2222 E: manager@diatreme.com.au W: www.diatreme.com.au
Slide 27: Appendices
For personal use only APPENDICES Critical High Purity Silica
Slide 28: Competent person’s statement
Competent person’s statement ASX:DRX | 28 For personal use only Statement in accordance with the Australasian code for reporting of exploration results, mineral Mineral Resources resources and ore reserves (the JORC code) The information in this presentation that relates to Mineral Resources at the
Slide 29: Resources and Reserves Statement
Resources and Reserves Statement ASX:DRX | 29 For personal use only Global Resources – NSP & GSSP JORC Resource Silica sand Silica sand Cut-off Density SiO2 % Fe2O3 % TiO2 % LOI % Al2O3 % Total % Category (Mt) (Mm3) SiO2 (%) (t/m3) Galalar Measured 43.12 26.95 98.5 99.21 0.09 0.11 0.16 0.13 1.60 Gal
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