Group 6 Metals Limited · ASX:G6M
Group 6 Metals — Noosa Mining Conference 2024
22 slides from Group 6 Metals's conference presentation, Jul 17, 2024
Slide 1: Company Presentation: Strategic Global Tungsten Producer
For personal use only COMPANY PRESENTATION STRATEGIC GLOBAL TUNGSTEN PRODUCER Noosa Mining Conference July 2024 Rapid expansion in Tungsten production Moving to strong positive cash generation Strategically important to western supply ASX:G6M The Dolphin Tungsten Mine | Noosa Mining Conference
Slide 2: Important Notices and Disclaimer
Important Notices and Disclaimer FORWARD LOOKING STATEMENTS Statements in this announcement may be forward looking statements. Forward looking statements can be identified by the use of forward-looking terminology such as, but not limited to, ‘may’, ‘will’, ‘expect’, ‘anticipate’, ‘estimate’, ‘would
Slide 3: Disclaimer continued…
Disclaimer continued… This presentation has been prepared by Group 6 Metals Limited (“G6M”) as a summary of its Dolphin – “Dolphin Project Drilling Results April 2018” released 23 April 2018 Project. By accepting, accessing or reviewing this Presentation, you acknowledge and agree to the – “Explorat
Slide 4: The Dolphin Tungsten Mine is the highest grade producer in the Western world
For personal use only The Dolphin Tungsten Mine is the highest grade producer in the Western world The Dolphin Tungsten Mine | Noosa Mining Conference July 2024 4
Slide 5: A world class Tungsten project, on the cusp of major step change
A world class Tungsten project, on the cusp of major step change The mine is now ready to forge its next phase of growth. For personal use only Mine Restart Complete – Successful restart of the Dolphin Mine, the highest-grade tungsten deposit (average grade 0.9% WO3) in the Western world. Numerous p
Slide 6: Globally Significant Tungsten Producer
Globally Significant Tungsten Producer Operating Tungsten mine producing high grade concentrate Location • Adjacent to Grassy Port, King Island, Tasmania • Strategically important asset in supportive Tier 1 mining jurisdiction • Situated on ML 2080 and EL 19/2001 For personal use only Resources/Rese
Slide 7: Western World's Highest-Grade Deposit
Western World’s Highest-Grade Deposit High-grade driving compelling project economics World Tungsten Resources Comparison • Western economies actively seeking to reduce dependence on For personal use only 1.00% Chinese tungsten supply Dolphin • One of only three successful new Western tungsten mine
Slide 8: Mine Start Up Hurdles Overcome, Primed for Significant Production Increase
Mine Start Up Hurdles Overcome, Primed for Significant Production Increase Challenging past 18 months due to extended restart in high inflationary environment, long lead times, shortage of skilled labour requiring a revised capital program for restart. For personal use only Achievements to Date Ramp
Slide 9: Accelerating High-Grade Ore from Open-Cut Pit
Accelerating High-Grade Ore from Open-Cut Pit High confidence in mine plan, with mining of high-grade ore commenced Ore Mined 200,000 0.64% Dolphin Open Cut Mined Ore Reconciliation from November 2023 to May 2024 For personal use only Range of Outcomes Geological Model Actual + Variance 180,000 LoM
Slide 10: Significant Step Change in Saleable Production Underway
Significant Step Change in Saleable Production Underway Plant upgrades and operating efficiencies to deliver increased production MTU's Produced For personal use only Consistent increase in quarterly production over the 1 MTU = 10kg WO3 90,000 Range of Outcomes 1.0% past 12 months from 50 tonnes o
Slide 11: Underpinned by a long mine life, with compelling upside potential
Underpinned by a long mine life, with compelling upside potential 12-year initial mine life underpinned by total probable reserves of 4.8mt at average grade of 0.92% WO3 Flexibility to transition to higher grade underground operation in H2 FY 26 funded substantially from cashflow For personal use
Slide 12: Dolphin Mine Reserves and Resources
Dolphin Mine Reserves and Resources Long mine life with significant exploration upside to potentially extend project life Open-cut Dolphin is the first ore For personal use only Indicated Resource1 body, with significant potential to extend mine life on underexplored land located on the current mini
Slide 13: Developed, Operational and Ready for Major Increase in Production
Developed, Operational and Ready for Major Increase in Production For personal use only Dolphin Tungsten Mine – Stage 1 Mining High Grade Ore (0.91% WO3) Dolphin Tungsten Mine Process Plant located adjacent to Grassy Harbour Mining High Grade Ore – Dolphin Stage 1 Dolphin Process Plant – Concentrate
Slide 14: Tungsten – Tightening Supply & Rising Demand Underpins Strong Pricing
For personal use only Tungsten – Tightening Supply & Rising Demand Underpins Strong Pricing The Dolphin Tungsten Mine | Noosa Mining Conference July 2024 14
Slide 15: Tungsten Market is underpinned by demand and supply imbalance
Tungsten Market is underpinned by demand and supply imbalance Rising prices appear sustainable on tight market fundamentals Tungsten prices remained stable throughout 2023, staying well For personal use only above historical averages despite de-stocking and lower trading activity in 2023. Strong
Slide 16: The Western World is Short of Reliable Tungsten Suppliers
The Western World is Short of Reliable Tungsten Suppliers Estimated 4.3% growth in demand in 2023, defence a significant driver For personal use only Medical / Short Term Demand Drivers Energy 6% Pharmaceutical 2% Defence Mining & 11% Construction 26% Defence spending increasing due to escalating
Slide 17: Foundations in Place to Deliver Growth Plan
For personal use only Foundations in Place to Deliver Growth Plan The Dolphin Tungsten Mine | Noosa Mining Conference July 2024 24
Slide 18: Forging the next phases of growth
Forging the next phases of growth We will become a reliable, long term global producer of high-quality tungsten products Phase 3 For personal use only Year 5+ Phase 2 Year 3 - 4 Phase 1 Year 1 - 2 Growth and Expansion Target >3,500 tpa of WO3 Underground Mining & Enhanced Metal Increase mine lif
Slide 19: Enhanced Metal Recovery Opportunities
Enhanced Metal Recovery Opportunities Seeking to extract more value in a higher cost environment Sodium Tungstate Plant (ST) For personal use only Evaluating plans to upgrade low-grade concentrate using an ST plant, which would replace/integrate into the back end of the existing APT plants ST pl
Slide 20: Key Take Aways
Key Take Aways Western World's highest grade operating tungsten mine with revised operating plan in place to produce an average of 2,571 tonnes of WO3 over an initial 12+ year mine life For personal use only Re-energised senior site management team in place to execute production ramp up plan which i
Slide 21: Keith McKnight, Managing Director & CEO
KEITH MCKNIGHT MANAGING DIRECTOR & For personal use only CEO keithm@g6m.com.au www.g6m.com.au The Dolphin Tungsten Mine | Noosa Mining Conference July 2024
Slide 22: For personal use only
For personal use only The Dolphin Tungsten Mine | Noosa Mining Conference July 2024