Sunrise Energy Metals Limited · ASX:SRL
Sunrise Energy Metals — Market Eye "Meet the CEO" virtual event (July 2021)
27 slides from Sunrise Energy Metals's conference presentation, Jul 29, 2021
Slide 1: ASX Announcement
ASX Announcement 29 July 2021 Sunrise Energy Metals “Meet the CEO” presentation MELBOURNE, Australia – Sunrise Energy Metals (ASX:SRL and OTC:SREMF) is pleased to advise that Managing Director and CEO Sam Riggall will be presenting at Market Eye’s “Meet the CEO” virtual event at 3pm AEST today, Thur
Slide 2: Battery Materials for a Sustainable Future
Battery Materials for a Sustainable Future Sam Riggall – CEO & Managing Director July 2021
Slide 3: Cautionary statement
Cautionary statement Certain statements in this news release constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. Such statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, pe
Slide 4: Our Mission
Our Mission To sustainably provide battery materials for a decarbonising planet 3
Slide 5: Critical metals for a decarbonising world
Critical metals for a decarbonising world The Sunrise Project is Australia’s largest and most advanced battery materials project with a 50 year mine life Fully integrated from mine to battery chemicals with an average annual metal- equivalent production of 21.3kt of nickel and 4.4kt of cobalt Sustai
Slide 6: Sunrise Battery Materials Project
Sunrise Battery Materials Project Sunrise • Location: 350km west of Sydney with Ni-Co-Sc deposit one of the largest cobalt deposits outside of Africa. Jurisdiction is attractive to western world consumers • Large resource: over 900kt nickel and 160kt cobalt in resources, with reserves to sustain a 5
Slide 7: Significantly advanced project
Significantly advanced project Significant project work and technical studies have identified the key development pathways and workstreams associated with the construction of the project. Project now advanced to funding stage with construction activity to commence once finance is secured Extensive p
Slide 8: Key project economics
Key project economics Strong Annual Production1 Robust Economics Rapid Payback Nickel: 21.3 ktpa NPV8: US$1.2 billion 5.1 years Cobalt: 4.4 ktpa IRR: 15.4% Exceptional Cash Flow Low Cash Cost Long Mine Life LOM EBITDA: US$10.8 billion Negative US$0.80/lb Ni after 50 Year life supported by Avg FCF (p
Slide 9: Robust mine plan
Robust mine plan 30 • Mining will be conducted via simple Cobalt Production Nickel Production 25 strip-mining 20 • Low average strip ratio ktpa 15 • Processing of 2.5Mtpa ore 10 • Ore is milled and beneficiated to remove barren silica prior to being 5 introduced into the PAL circuit 0 1 2 3 4 5 6 7
Slide 10: Operating costs
Operating costs Operating Costs (US$/lb Ni) Yr2-11 Yr2-25 Mining costs 0.84 0.76 Sunrise will be a first quartile nickel cash cost producer Processing costs 3.14 3.47 Admin & Site Overheads 0.18 0.21 Haulage & Port 0.15 0.14 Cobalt by-product credits contribute one-third of Project Total C1 Costs (b
Slide 11: Financing and project schedule
Financing and project schedule Biden looks to Australia, other allies for EV metals Sunrise Energy Metals has appointed four leading global - AFR, 26 May 2021 banks as Mandated Lead Arrangers for a project debt facility - targeting 50% of the funding requirement for the project General Motors invest
Slide 12: Capital costs
Capital costs Capital Cost A$M $USM A$250M invested in pre-development capex with all key Site Development Costs 28 20 permits secured Mining Costs 35 25 Ore Leach Costs 413 289 At US$60k/t Ni-equivalent capacity, the construction capital Refinery Costs 271 190 of US$1.8bn benchmarks competitively a
Slide 13: Responsible mining for a sustainable future
Responsible mining for a sustainable future • The mining industry is critical in supporting Carbon intensity of nickel production (kg CO2/Kg Nickel in sulphate) technologies required to decarbonise the global economy Nickel Pig Iron (EAF) • The mining sector needs to embrace sustainability in its ca
Slide 14: Battery Market
Battery Market M sunrise energy metal ls
Slide 15: Electrification is a growing trend
Electrification is a growing trend EV Penetration to grow significantly1 Forecast Nickel Demand Growth1 Li Battery Demand Non-Battery Demand 80% 5000 4000 60% ktpa 3000 40% 2000 20% 1000 0% 0 2020 2025 2030 2035 2040 2020 2030 (f) EV's are more critical mineral intensive (kg/vehicle)2 Forecast cobal
Slide 16: Nickel laterite development is required to maintain supply
Nickel laterite development is required to maintain supply • Majority of new nickel mine supply is coming from laterite deposits, with Indonesian supply accounting for 85% growth • The mining sector has progressively built capability to successfully deliver hydromet nickel plants - Moa Bay, Coral Ba
Slide 17: Security of critical minerals
Security of critical minerals Cobalt supply is mainly sourced from DRC 2020 2030 RoW RoW 27% 31% • Sovereign risk and supply chain dependency is driving carmakers to engage directly with the mining industry to secure supply – a new supply chain paradigm is emerging 73% 69% DRC DRC • Metal price vola
Slide 18: Scandium – a new generation of alloys
Scandium – a new generation of alloys • Sunrise collaborates with a number of industrial partners, across many industries, to deliver new and advanced Terran 1 3D-printed rocket Courtesy of Relativity Space scandium alloys • Scandium production from Sunrise will deliver safe and dependable supply ch
Slide 19: Exploration Profile
Exploration Profile M sunrise energy metals
Slide 20: Phoenix
Phoenix • Sunrise hosts one of the largest platinum resources in Australia, with over 1Moz at surface • Historic drilling demonstrated good grade intersections below the laterite • A drill program to test the PGM potential below the laterite is underway with initial bonanza grade drill result return
Slide 21: Investment Conclusion
Investment Conclusion M sunrise energy metals
Slide 22: Why Sunrise?
Why Sunrise? Exposure to large • Growing demands for decarbonisation are leading to increased demand for batteries growing mega-trend • EV penetration set to grow 10x from 4% in 2020 to over 25% by 2030 • Other applications such as grid-scale energy storage will also provide strong demand growth The
Slide 23: Appendix
Appendix M sunrise energy metals
Slide 24: Corporate snapshot
Corporate snapshot Sunrise Energy Metals Ltd Major shareholders ASX Code ASX:SRL OTCQX Code OTCQX:CTEQF 13.5% Shares on Issue 89.3M Robert Friedland Last Share Price (at 12 July 2021) A$1.80 11.8% Pengxin Mining Market Capitalisation A$160.8M 7.2% Fidelity Management & Research Cash (as at 31 March
Slide 25: Processing technology
Processing technology The Sunrise Project will utilise hydrometallurgical processing technology with an ion exchange system to recover metals out of solution. The benefits of the ion exchange process are: • A much smaller footprint than conventional processing systems • Reductions in capex and reage
Slide 26: Robust mine plan
Robust mine plan Year 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Ore MT 10.57 6.94 7.36 1.95 7.87 2.52 7.12 4.70 6.02 3.03 7.83 2.25 2.61 5.06 1.61 4.71 4.59 3.72 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Waste MT 2.00 9.43 4.06 3.64 9.05 3.13 8.47 3.88 6.30 4.98 7.97 3.17 8.75 8.3
Slide 27: Corporate Investors
Corporate Investors Ben Stockdale (CFO) Craig Sainsbury +61 3 9797 6700 craig.sainsbury@marketeye.com.au
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