Athena Resources Limited · ASX:AHN
Athena Resources — Investor Presentation (December 2024)
18 slides from Athena Resources's investor presentation, Dec 2, 2024
Slide 1: Investor Presentation – Byro Magnetite Project
only useonly Investor Presentation personal use 2 December 2024 For personal Byro Magnetite Project For
Slide 2: Disclaimer
Disclaimer You must read the following notices before reading or making any use of this document or any information contained in this document. By continuing to read, use or otherwise act on only useonly this document, you agree to be bound by the following terms and conditions, including any modifi
Slide 3: Disclaimer
Disclaimer Not financial advice: This Presentation is not financial product advice, investment advice, legal, tax or other advice or a recommendation to acquire, hold or sell AHN securities. This Presentation only useonly has been prepared without taking into account the objectives, financial situat
Slide 4: Disclaimer
Disclaimer Past performance: Any past performance information given in this Presentation is given for illustrative purposes only and should not be relied upon as (and is not) an indication of future only useonly performance. Exploration Results: The information in this announcement that relates to e
Slide 5: Underwriter Disclaimer
Underwriter Disclaimer Fenix Resources Limited (ACN 125 323 622) (Underwriter or Fenix) is acting as underwriter to the Entitlement Offer (as defined in this Presentation). only useonly To the maximum extent permitted by law, the Underwriter and its related bodies corporate and affiliates, and their
Slide 6: Investment Summary
In ve s t m e n t Su m m a r y Byro Magnetite Project – high grade magnetite in Australia’s Mid-West only useonly Aspiration to provide feedstock for emerging Green Steel development assets (however this is not a forecast, and the Company does not yet have reasonable personal use grounds to believe
Slide 7: Byro Magnetite Project
Byr o Ma gn e t it e Pr o je ct Jack Hills Located in Western Australia’s Mid West only useonly region, a world class iron ore jurisdiction. Byro Magnetite Project Iron Situated 410km from the Port of Geraldton. Ridge personal use Neighboring iron ore mining and exploration For personal projects inc
Slide 8: Geology and Mineralisation – Mineral Resource Estimate
Geology and Mineralisation For personal use only ASX: AHN Mineral Resource Estimate as announced 29 March 2023 PAGE 8 | INVESTOR PRESENTATION - ASX: AHN - ATHENARESOURCES.COM.AU
Slide 9: Geology and Mineralisation
Geology and Mineralisation FE1 deposit consists of coarse-grained grind friendly mineralisation which only demonstrates outstanding metallurgy useonly personal use High Grade magnetite concentrates with exceptionally low levels of For personal impurities. Low Capex small scale project development Fo
Slide 10: The FE1 Metallurgical Advantage
Th e FE1 Me t a llu r gica l Ad va n t a ge Metallurgical work indicates FE1 mineralisation liberates at a only useonly large grain size. FE1 Large grain size liberation Byro personal use results in lower power costs and higher-purity magnetite For personal concentrate. Comparison of grade and grind
Slide 11: Green Steel
Green Steel only useonly Steelmakers need to decarbonise -responsible China, generates around 2t of CO2 for every tonne of steel. for 8% of the worlds CO2 emissions. personal use Cleaner processes, such as direct reduced iron and Traditional blast furnaces consume high power relative electric arc fu
Slide 12: ASX Performance
ASX Performance personal use For personal For only useonly Source: ASX @ 27/11/24 PAGE 1 2 | INVESTOR PRESENTATION - ASX: AHN - ATHENARESOURCES.COM.AU
Slide 13: Corporate Overview – Board and Management
Corporate Overview only useonly Board and Management personal use John Welborn Chairman Peter Newcomb Executive Director For personal Terry Weston Non-executiveDirector Garry Plowright Non-executiveDirector For PAGE 1 3 | INVESTOR PRESENTATION - ASX: AHN - ATHENARESOURCES.COM.AU
Slide 14: Details of the Entitlement Offer
Details of the Entitlement Offer only useonly Nature of Entitlement Offer Renounceable pro rata entitlement offer of New Shares New Share issue price A$0.004 personal use Offer ratio 1 New Share for every 2 Shares held on the Record Date For personal Estimated maximum number of New Shares to be issu
Slide 15: Key Risks
Key Risks • Going concern and underwriting risks: The Company’s ability to continue as a going concern in the short term is dependent on it raising urgent funding. The Company’s cash position is approximately $83,500 as at 2 December 2024. The Entitlement Offer is fully underwritten by Fenix. Sectio
Slide 16: International Offer Restrictions
International Offer Restrictions only useonly This document does not constitute an offer of entitlements (“Entitlements”) and new ordinary shares (“New Shares”) of the Company in any jurisdiction in which it would be unlawful. In particular, this document may not be distributed to any person, and th
Slide 17: Indicative Use of Funds
Indicative Use of Funds only useonly Funds raised by the Entitlement Offer are indicatively to be used to: personal use o seek to upgrade the confidence in Athena's Scoping Study previously announced to the ASX including further metallurgical, hydrology, For personal power and environmental assessme
Slide 18: Corporate contacts
Corporate John Welborn – Chairman ahn@athenaresources.com.au +61 8 6285 0456 only useonly Technical personal use Terry Weston – Metallurgist For personal terry@athenaresources.com.au +61 417 904 093 For Level 33, Yellagonga Tower 3, 1 Spring Street, WA 6000 athenaresources.com.au
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