Anax Metals Limited · ASX:ANX
Anax Metals — Investor Presentation (September 2021)
32 slides from Anax Metals's investor presentation, Sep 1, 2021
Slide 1: Developing a Sustainable Copper Project in the Pilbara
Developing a Sustainable Copper Project in the Pilbara - with Gold and PGM Exploration Upside 80% interest in Whim Creek Copper-Zinc Project ASX:ANX – September 2021 Whim Creek circa 1900
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by Anax Metals Limited (the Company) based on information from its own, and third-party sources and is not a disclosure document. No party other than the Company has authorised or caused the issue, lodgement, submission, despatch or provision of this pr
Slide 3: Contents
Contents 1. COMPANY STRATEGY 2. Whim Creek Project Update 3. Exploration Update 4. Development Works & Site Improvements
Slide 4: Company Strategy
COMPANY STRATEGY Anax - Leader in Ancient Greek DELIVERY: EXPLORATION: DISCOVERY: Anax is delivering on the development Exploring for significant new gold Assessing opportunities to develop strategy to monetise advanced assets discoveries at the Whim Creek other advanced projects through the using s
Slide 5: Copper in Demand – Exploiting Undeveloped Deposits
COPPER IN DEMAND – EXPLOITING UNDEVELOPED DEPOSITS Copper facts Major Australian copper deposits (Mt) The average home contains 180kg of copper 80% of copper ever produced is still in use today An electric car contains about 5x more copper than equivalent ICE car China consumes half of the world’s c
Slide 6: Sustainable Pilbara Copper - Whim Creek Scoping Study
SUSTAINABLE PILBARA COPPER - WHIM CREEK SCOPING STUDY Project Highlights1 2 Development strategy Production Target Particle sorters to upgrade ore with pre- delivers significant environmental and PROJECT ADVANTAGES 3.55million concentrate to be sustainability benefits in tonnes processed through a t
Slide 7: Staged investment with asymmetric value accretion
WHIM CREEK COPPER-ZINC PROJECT A Low Cost Entry to Leveraged Upside and Near Term Cashflow Identification of suitable projects including - commodity, mineralisation, stage, scale and type of project, location asymmetric value accretion perceived value Complete Staged investment with Proof of concept
Slide 8: Milestone Achievements Since November 2020 Re-listing
MILESTONE ACHIEVEMENTS SINCE NOVEMBER 2020 RE-LISTING • Re-listed and commenced • 1st phase of gold exploration • 80% Earn-in to Whim Creek • Exceptional near-surface high- • Capital raise – $4.7m raised trading on ASX – $2m raised commenced at Whim Creek – Project complete – further $500k grade Cu-
Slide 9: Capital Structure
CAPITAL STRUCTURE Total Shares on Issue Options Number Director & Management Options 16,400,000 350m Advisor Options 2 27,250,000 Total Options 43,650,000 No of Exercise Advisor Options 2 Market Cap @10c Options Price Expiry No of Options Exercise Expiry $35m 2,700,000 $0.031 10/12/2021 23,250,000 P
Slide 10: Company Board and Management
COMPANY BOARD AND MANAGEMENT Anax Metals Board CHAIRMAN - Phillip Jackson MANAGING DIRECTOR- Geoff Laing Barrister and solicitor with significant legal and Chemical Engineer, with 30 years in mining and project international corporate experience, specialising in the development in operations design
Slide 11: Contents
Contents 1. Company Strategy 2. WHIM CREEK PROJECT UPDATE 3. Exploration Update 4. Development Works & Site Improvements
Slide 12: Whim Creek Copper-Zinc Project
WHIM CREEK COPPER - ZINC PROJECT 12 Production Target (92% of which is in the Measured or Indicated Resource Category) that underpins mining and processing for a period of 5 to 7 years Particle sorters to upgrade ore with pre-concentrate to be processed through a 320ktpa concentrator constructed
Slide 13: Key Production/Financial Charts
KEY PRODUCTION/FINANCIAL CHARTS 12 000'ts A$m Metal Production - tonnes of CTD Cu, Zn and Pb Quarterly Operating Cashflow 14.0 35 300 30 275 12.0 250 25 225 10.0 200 20 175 8.0 15 150 10 125 6.0 100 5 75 4.0 0 50 2.0 25 -5 0 0.0 -10 -25 Q1 Y1 Q2 Y1 Q3 Y1 Q4 Y1 Q1 Y2 Q2 Y2 Q3 Y2 Q4 Y2 Q1 Y3 Q2 Y3 Q3
Slide 14: Scoping Study Complete & Feasibility Studies Underway
SCOPING STUDY COMPLETE & FEASIBILITY STUDIES UNDERWAY Next phase of project delivery Mining and associated Phase II Ore Sorting geotechnical studies testwork Focus on Salt Creek and Complete Evelyn requirements to advance projects to Focus on enhanced outcomes using multiple sensors feasibility leve
Slide 15: Whim Creek Project Copper and Zinc Resources
WHIM CREEK PROJECT COPPER AND ZINC RESOURCES Copper Zinc Au Deposit Classification kTonnes Cu % Zn % Pb % Ag ppm Deposit Classification kTonnes Cu % Zn % Pb % Ag ppm Au ppm ppm Mons Cupri Measured 990 1.62 1.42 0.61 38 0.28 Mons Cupri Measured 70 0.16 4.56 1.79 53 0.23 Indicated 3,130 0.84 0.47 0.20
Slide 16: Historic Drilling Results from Mons Cupri
HISTORIC DRILLING RESULTS FROM MONS CUPRI Mons Cupri Oblique Section showing 20AMCD002 and select previous drill holes (February 2021) Note: A number of holes have been omitted from the section for ease of display; only the most significant intervals are displayed Refer to the Announcement lodged wi
Slide 17: Whim Creek Mining
WHIM CREEK MINING 1 Production schedule based on the Production Target established through pit optimisations and underground mining studies Mons Cupri pit split into two stages, Stage 1 being an initial cut-back which enables early access to high-grade ore Whim Creek to be mined as a single st
Slide 18: Whim Creek Mining
WHIM CREEK MINING 1 Quarterly Ore Mining Schedule 000'ts 600 500 400 300 200 100 0 Q1 Y1 Q2 Y1 Q3 Y1 Q4 Y1 Q1 Y2 Q2 Y2 Q3 Y2 Q4 Y2 Q1 Y3 Q2 Y3 Q3 Y3 Q4 Y3 Q1 Y4 Q2 Y4 Q3 Y4 Q4 Y4 Q1 Y5 Q2 Y5 Q3 Y5 Q4 Y5 Q1 Y6 Mons Cupri OP Whim Creek OP Salt Creek OP Salt Creek UG Combined potential economic Miner
Slide 19: Whim Creek Project Metallurgy and Testwork
WHIM CREEK PROJECT METALLURGY AND TESTWORK Sorting Test Work Gravity Work Comminution Flotation Heap Leach (Completed) (Completed) (Completed) (In progress) (In progress) Sorting demonstrated sorting viability, produced polynomial Yield-Recovery curves IPJ confirmed fines perform in line with or
Slide 20: Whim Creek Project – Crushing Sorting and Jigging
WHIM CREEK PROJECT – CRUSHING SORTING AND JIGGING 12 Nexus Bonum completed refurbishment and new Infrastructure study (800 ktpa) Capital: $12.7m (± 30%) Opex: $4.17 / t Feed Primary Crush Screen Primary Sort Secondary Sort Fines Agglomerator 1 Reported on a 100% Project Basis. Anax has an 80
Slide 21: Whim Creek Project Flotation Plant
WHIM CREEK PROJECT FLOTATION PLANT 12 GR Engineering: 320ktpa polymetallic Capital: $34m (± 30%) Opex: $33.56 / t (± 40%) 1 Reported on a 100% Project Basis. Anax has an 80% interest in the project and will contribute 80% of costs and receive 80% of financial outcomes 2 Reported in the Scoping
Slide 22: Whim Creek Project Consolidated Capex and Opex
WHIM CREEK PROJECT CONSOLODATED CAPEX AND OPEX 12 Capex Opex Parameter Value ($M) Source Parameter Unit Value Source Crushing, Screening and Ore Sorting 12.7 Nexus OP Mining Cost (Ave) $/t 3.67 Orelogy Concentrator 34.2 GRES UG Mining Cost (Ave) $/t 65.60 Orelogy Camp 2.6 Nexus Crush and Primary Sor
Slide 23: Whim Creek Project Development Update
WHIM CREEK PROJECT DEVELOPMENT UPDATE Permitting Baseline Status Mons Cupri baseline work completed, submission 2021 Whim Creek baseline work and submission (2022) Salt Creek / Evelyn baseline work (2022) CURRENT STATUS: Flora and vegetation desktop assessment (Completed) Terrestrial fauna
Slide 24: Whim Creek – Indicative Project Development Timeline Post Approvals
WHIM CREEK – INDICATIVE PROJECT DEVELOPMENT TIMELINE POST APPROVALS DESCRIPTION M1 M2 M3 M4 M5 M6 M7 M8 M9 M10 NON-PROCESS INFRASTRUCTURE Initial Camp Camp Expansion Other Services MINING Mobilisation, Site Establishment Mine Development Ore to Rom Pad PROCESS PLANT AND FACILITIES Crushing, Screenin
Slide 25: Whim Creek Project Development Update – Next Steps
WHIM CREEK PROJECT DEVELOPMENT UPDATE Next Steps SALT CREEK: • Resource update (Convert Inferred to Indicated Res) • Commencement of further Study works EVELYN: • Resource Update (Convert Inferred to Indicated) • Pit optimisations and inclusions into the study metrics • Commencement of further Study
Slide 26: Contents
Contents 1. Company Strategy 2. Whim Creek Project Update 3. EXPLORATION UPDATE 4. Development Works & Site Improvements
Slide 27: Whim Creek Project - Exploration Potential
WHIM CREEK PROJECT - EXPLORATION POTENTIAL Located in the highly prospective Archean granite- greenstone gold region of the Pilbara and encompassing the width of the Whim Creek Greenstone Belt, the Whim Creek Project is prospective for; - orogenic, structurally controlled gold - conglomerate-hoste
Slide 28: Whim Creek Project - Gold Exploration Potential
WHIM CREEK PROJECT - GOLD EXPLORATION POTENTIAL Anax has defined deep-seated structures bounding the tenure to the northwest and southeast as the focus of gold exploration Anax has completed over 50% of its 2021 regional UltraFine+™ soil sampling programme (as announced July 2021) New platinum
Slide 29: Contents
Contents 1. Company Strategy 2. Whim Creek Project Update 3. Exploration Update 4. Development Works & Site Improvements
Slide 30: Whim Creek – Existing Infrastructure Suited to Development Strategy
WHIM CREEK – EXISTING INFRASTRUCTURE SUITED TO DEVELOPMENT STRATEGY The Whim Creek project has substantial existing infrastructure ideally suited to the Company’s development strategy and expected to facilitate a rapid path to production Infrastructure in place includes: Heap leach facility Crus
Slide 31: Whim Creek – Environmental Site Improvements
WHIM CREEK – ENVIRONMENTAL SITE IMPROVEMENTS Whim Creek is subject to an Environmental Protection Notice (EPN) EPN Risks and site improvements were fully disclosed in the Company’s prospectus dated 18 September 2020 These works will facilitate site improvement, ultimately intended to meet curr
Slide 32: Thanks
Thanks Contact: Geoff Laing (Managing Director) Address: Ground Floor West, 20 Kings Park Road E-mail: info@anaxmetals.com.au Phone: +61 8 6143 1840 Website: www.anaxmetals.com.au 32