Australian Mines Limited · ASX:AUZ
Australian Mines — RIU Explorers Conference (March 2018)
21 slides from Australian Mines's conference presentation, Mar 6, 2018
Slide 1: Developing Sconi
For personal use only Developing Sconi ASX: AUZ Australia’s most advanced 6 March 2018 australianmines.com.au cobalt-nickel-scandium project
Slide 2: Important notes on these slides
Important notes on these slides For personal use only This document is a visual aid accompanying a presentation to shareholders by the Managing Director on 21 February 2018. It is not intended to be read as a stand- alone document. It contains select information, in abbreviated or summary form, and
Slide 3: Milestone positions AUZ as Australian cobalt leader
Milestone positions AUZ as Australian cobalt leader For personal use only • Binding off-take agreement with Korean-listed SK Innovation • Off-take quantities are up to: ➢ 12,000 tonnes of cobalt sulphate per year, and ➢ 60,000 tonnes of nickel sulphate per year, ➢ for initial period of 7 years + opt
Slide 4: Sconi off-take contract in detail
Sconi off-take contract in detail For personal use only • Contract confirms Sconi Project’s status as the most advanced project of its type in Australia • Initial agreement for 7-year period with a further 6-year extension option • London Metal Exchange (LME)-linked pricing • Agreed off-take volumes
Slide 5: Sconi is development ready
Sconi is development ready For personal use only • 100%-owned Australian Mines’ project • Located within 250 kilometres of the approved cobalt & nickel exporting port of Townsville in northern Queensland, Australia • Sconi Project benefits from existing surrounding infrastructure including: ✓ sealed
Slide 6: Sconi is progressing to Final Investment Decision
Sconi is progressing to Final Investment Decision For personal use only ✓ Trial mining completed ✓ Mining Lease granted ✓ Plant design identified ✓ Electricity source confirmed ✓ Proposed water supply on site ✓ Environmental Licence granted ✓ Final investment decision on Sconi development expected i
Slide 7: Sconi – one giant battery
Sconi – one giant battery For personal use only The Sconi Project can produce raw materials required for electric vehicles The contract with SK Innovations contemplates an output of up to: • 60,000 tonnes of nickel sulphate per annum • 12,000 tonnes of cobalt sulphate per annum February 2018 www.aus
Slide 8: Demonstration-scale plant completed
Demonstration-scale plant completed For personal use only • Autoclave arrived and installed in demonstration plant over Christmas period • Plant commissioning completed • final certification in progress • Uses a proven, industry standard processing flow chart that has been independently verified by
Slide 9: Product samples to be delivered this month
Product samples to be delivered this month For personal use only Commercial battery grade products scheduled to be delivered this month to SK Innovation • Demonstration-scale plant has throughput capacity of 2,200 kilograms of ore per day • The plant has the potential to deliver a weekly output of:
Slide 10: Flemington: A potential second production source
Flemington: A potential second production source For personal use only • Flemington Cobalt-Scandium-Nickel Project located in central New South Wales, 370 kilometres west of Sydney • Direct continuation of Clean TeQ’s Sunrise deposit, separated only by a tenement boundary • Resource expansion drilli
Slide 11: Flemington: Only 1% of prospective geology tested
Flemington: Only 1% of prospective geology tested For personal use only • Pre-Feasibility Study (PFS) due to start in second half of 2018 following results from upcoming drill program • Regional field mapping and sampling campaign commenced over the broader Flemington / Fifield district • Plans to p
Slide 12: Thackaringa: Offers additional cobalt upside
Thackaringa: Offers additional cobalt upside For personal use only • Thackaringa Cobalt Project 100%-owned by Australian Mines • Immediately adjoins Cobalt Blue’s Pyrite Hill / Railway cobalt project in New South Wales • Helicopter-borne VTEM survey generated seven priority targets in Target Area A
Slide 13: Australian Mines vs Clean TeQ comparison
Investment Criteria Australian Mines Clean TeQ Sconi Project Sunrise Project Mineral Resource 89 million tonnes 101 million tonnes For personal use only Expected feed grade 0.11% Cobalt & 0.81% Nickel 0.14% Cobalt & 0.80% Nickel (for first 20 years Life of Mine) Processing efficiency 93% Cobalt & 93
Slide 14: Corporate Overview
Corporate Overview For personal use only CAPITAL STRUCTURE Board of Directors Market Cap at 10 cps Michael Ramsden (Chairman) Benjamin Bell (Managing Director) (5 March 2018) Michael Ramsden is a lawyer with more than Benjamin Bell is a geophysicist, with 20 years’ 25 years' experience as a corporat
Slide 15: For personal use only
For personal use only February 2018 www.australianmines.com.au 15
Slide 16: Contact
Contact For personal use only +61 8 9481 5811 +61 46 777 00 16 bbell@australianmines.com.au www.australianmines.com.au Level 1 / 83 Havelock Street, West Perth, Western Australia, 6005 February 2018 www.australianmines.com.au 16
Slide 17: For personal use only
For personal use only 6/03/2018 www.australianmines.com.au 17
Slide 18: Appendix – Details of Australian Mines & Clean TeQ comparison
Appendix – Details of Australian Mines & Clean TeQ comparison For personal use only As noted in Australian Mines’ ASX Price and Volume Query Response released 31 October 2017: • Australian Mines notes that Canadian broking and investment firm, Canaccord Genuity, released a BUY recommendation on Clea
Slide 19: Appendix – Details of Australian Mines & Clean TeQ comparison
Appendix – Details of Australian Mines & Clean TeQ comparison For personal use only • Canaccord Genuity, in their 29 October 2017 report, does not attribute any value to the platinum resource at Syerston nor does it attribute any value to the project’s scandium resource. • Canaccord Genuity, in thei
Slide 20: Appendix – Sconi Mineral Resource
Appendix – Sconi Mineral Resource For personal use only • The Mineral Resource Estimate for the Sconi Cobalt-Nickel-Scandium Project is reported under JORC 2012 Guidelines and was reported by Australian Mines Limited on 31 March 2017. The global Mineral Resource for Sconi, as announced on 31 March 2
Slide 21: Competent Persons Statement
Competent Persons Statement For personal use only Sconi Cobalt-Nickel-Scandium Project The Mineral Resource for the Sconi Cobalt-Nickel-Scandium Project contained within this document is reported under JORC 2012 Guidelines. This Mineral Resource was first reported by Australian Mines on 31 March 201
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