Contango Holdings Plc · LSE:CGO
Contango — Investor Presentation (June 2024)
23 slides from Contango's investor presentation, June 2024
Slide 1: Muchesu Coal Project
MUCHESU COAL PROJECT CONTANGO HOLDINGS Plc June 2024 June 2024 CONTANGO INVESTOR PRESENTATION 1
Slide 2: Disclaimer
CONTANGO HOLDINGS PLC DISCLAIMER This presentation (“Presentation”), and the information contained herein, is not for general release, distribution or regarding the Ordinary Shares or an investment therein. The Ordinary Shares have not been and will not be reg- istered publication into or in any oth
Slide 3: Asset Overview: Muchesu Coal Project
CONTANGO HOLDINGS PLC ASSET OVERVIEW MUCHESU COAL PROJECT Muchesu Project Muchesu Mine formerly opened in August 2023 Existing coal resource of 2.6bn tonnes Ongoing discussions with a number of off -takers for coking coal, industrial coal and thermal coal Further optimisation and expansion potential
Slide 4: Strategy: Unlocking the 2.6Bn Tonne Resource into Cashflow
CONTANGO HOLDINGS PLC STRATEGY UNLOCKING THE 2.6Bn TONNE RESOURCE INTO CASHFLOW 2022 witnessed record prices for Contango formally opened the The company raised £7.5m through coking coal and coke. Global prices Muchesu mine in Q3 2023 following a placing (at 6p) in Q4 2022 to fund reached approx: $4
Slide 5: Corporate Overview
CONTANGO HOLDINGS PLC CORPORATE OVERVIEW 52 Week Share Price (p)* Capital Structure 6 LSE CGO 5 Issued Share Capital 566,724,023 4 Mkt Cap ~£7M (@1.25p) Warrants 117.3M (@9.9p VWAP) 3 52 Week H-L 5.7p-0.9p 2 1 0 20/06/2023 20/09/2023 20/12/2023 20/03/2024 20/06/2024 % Shareholders* RAB Capital 68,79
Slide 6: The Board
CONTANGO HOLDINGS PLC THE BOARD CARL ESPREY GORDON THOMPSON Chief Executive Officer Non-Executive Director Carl qualified as a Chartered Accountant and Chartered Financial Analyst, and has built an Gordon is a member of the Engineering Council of South Africa ECSA. Gordon is a qualified expansive ca
Slide 7: Selected Management
CONTANGO HOLDINGS PLC SELECTED MANAGEMENT Jacques Cormack Siphathisiwe Nkomo Country Manager, Zimbabwe Marketing Manager Mr. Cormack has significant experience in operations management and is the Managing Director Ms Siphathisiwe Nkomo (Phathi) holds a Bachelors in Business Administration from the o
Slide 8: The Muchesu Coal Project
CONTANGO HOLDINGS PLC THE MUCHESU COAL PROJECT Muchesu Coal Project Zimbabwe ZIMBABWE June 2024 CONTANGO INVESTOR PRESENTATION 8
Slide 9: Signed Term Sheet – June 2024
CONTANGO HOLDINGS PLC SIGNED TERM SHEET – JUNE 2024 Headline Terms Term Sheet signed with Mr Wencai Huo (the Investor) for the sale of 51% of Muchesu (Contango residual expected to be ~24%) The Investor to acquire 20% shareholding in Contango through a cash Subscription The Investor to at least matc
Slide 10: Original Development Scenario - Coking Coal
CONTANGO HOLDINGS PLC ORIGINAL DEVELOPMENT SCENARIO - COKING COAL • Existing production is from Block 2 which contains an estimated 96MT of coking coal • Contango is looking to finalise new offtake arrangements following non -performance from its offtake partner • Additional washing capacity can be
Slide 11: Fully Integrated Coke Producer
CONTANGO HOLDINGS PLC FULLY INTEGRATED COKE PRODUCER • Once the company has secured a steady income stream it intends to look to manufacture coke, either at site or via JV with third parties • This has the potential to increase margins from c.$50/t to over $200/t • Targeted markets are likely to be
Slide 12: Summary
CONTANGO HOLDINGS PLC SUMMARY Asset • Muchesu is a strategic coal asset in Southern Africa • Over 2.6bn tonnes of coking and thermal coal • Site infrastructure installed • Completed coking coal tests confirm high quality coking coal/coke product that can be sold globally Value • Contango is in the p
Slide 13: Appendix
CONTANGO HOLDINGS PLC Appendix June 2024 CONTANGO INVESTOR PRESENTATION 13
Slide 14: Resource Table - as at April 2018
CONTANGO HOLDINGS PLC RESOURCE TABLE - AS AT 30 APRIL 2018 Block Seam Ply Thick Area Volume Density GTIS (Mt) Drill Grid Confidence Geological TTIS (Mt) (m) (mm²) (mm²) (ton/m³) (m xm) Level Loss (%) B1 ALL ALL 26.78 0.022 0579 1.675 0.968 147 INFERRED 20 0.774 B2 ALL ALL 36.33 16.452 499.960 1.652
Slide 15: Project Picture Gallery
CONTANGO HOLDINGS PLC Project Picture Gallery June 2024 CONTANGO INVESTOR PRESENTATION 15
Slide 16: Surface Miner & Open Pit
SURFACE MINER & OPEN PIT June 2024 CONTANGO INVESTOR PRESENTATION 16
Slide 17: Surface Miner & Open Pit
SURFACE MINER & OPEN PIT June 2024 CONTANGO INVESTOR PRESENTATION 17
Slide 18: Screening
SCREENING June 2024 CONTANGO INVESTOR PRESENTATION 18
Slide 19: Wash Plant & Settling Ponds
WASH PLANT & SETTLING PONDS June 2024 CONTANGO INVESTOR PRESENTATION 19
Slide 20: Wash Plant
WASH PLANT June 2024 CONTANGO INVESTOR PRESENTATION 20
Slide 21: Bulk Sample Collection
BULK SAMPLE COLLECTION June 2024 CONTANGO INVESTOR PRESENTATION 21
Slide 22: Presidential Visit
PRESIDENTIAL VISIT June 2024 CONTANGO INVESTOR PRESENTATION 22
Slide 23: Contact
CONTANGO HOLDINGS PLC Contact Carl Esprey – carl.esprey@contango-holdings-plc.co.uk Oliver Stansfield – oliver.stansfield@tavira.group June 2024 CONTANGO INVESTOR PRESENTATION 23
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