Athena Resources Limited · ASX:AHN
Athena Resources — Investor Presentation (June 2023)
16 slides from Athena Resources's investor presentation, Jun 7, 2023
Slide 1: Investor Presentation – June 2023
For personal use only Investor Presentation – June 2023 HIGH PURITY MAGNETITE RESOURCE MATCHING WORLDS BEST 1
Slide 2: Disclaimer
Disclaimer For personal use only The information contained in this Presentation and all other information provided (whether in writing or otherwise) is confidential and has been prepared to assist the recipient in evaluating the business and prospects of Athena Resources Ltd (”Athena”) or the Compan
Slide 3: Investment Highlights
Investment Highlights Lo ca t e d in Au s t r a lia ’s Ir o n Or e Ju r is d ict io n Lo w Ca p e x / Op e x w it h a cce s s t o in fr a s t r u ct u r e For personal use only • Byro Iron Ore is within the Mid-West of Western Australia, a • Low Capex to produce high quality product, compared to cur
Slide 4: Corporate Overview
Corporate Overview Capital Structure ASX: AHN For personal use only ACN 113 758 900 Board and Management 1,070M Shares on issue Edmond Edwards Managing Director Peter Newcomb Executive Director 3.21M Market Cap (1/6/23) Hau Wan Wai Director 582M Listed Options Major Shareholders 25% 17% 58% 75M Unli
Slide 5: Byro Iron Ore Project
Byro Iron Ore Project Jack Hills Byro Project For personal use only Iron Ridge • Located within Western Australia’s Mid West Province, a Tallering Peak word class iron ore jurisdiction. • Situated 310km north of the Mullewa Rail Siding and 410km from the Port of Geraldton. Karara Koolanooka Extensio
Slide 6: Geology and Mineralisation
Geology and Mineralisation • Byro Iron Ore Project is within the Narryer Terrane, along the north-western For personal use only margin of the Yilgarn Craton • High grade metamorphic terrane is host to gneisses, migmatites, and extensive layered mafic/ultramafic intrusive complexes. • Recent explorat
Slide 7: Byro Magnetite
Byro Magnetite High Grade Low-Cost Ore For personal use only Super Purity Absence of any impurities within each coarse grain Coarse Grain Size The grain in the adjacent photomicrograph is over 1mm in size Grain Boundary Dominantly silica Photomicrograph of BYRO Magnetite GRAIN in Polished Section fr
Slide 8: Athena's Magnetite Resource
Athena’s Magnetite Resource The Right Mix Very low impurities Magnetite Ore of For personal use only HIGH PURITY (70.0 – 71.5% Fe) Liberated with coarse grind size and Significantly lower plant capital and operating cost SUPER PURITY (>72% Fe) with improved materials handling Superior concentrate gr
Slide 9: Major Results from Beneficiation Test Work
Major Results from Beneficiation Test Work Unconfined Compressive Strength (UCS) recorded values For personal use only of 139.9 and 153.7 Mpa and recorded a strength classification of strong. Grind time vs Particle size Bond Impact Crushing Work Index (CWI) recorded average value of 15.5 kWh/t with
Slide 10: Validated High Quality Nature of Project
Validated High Quality Nature of Project ALS Ammtec Metallurgy (Specialist Iron Ore Laboratories – Perth) For personal use only Physical and Magnetic Characterisation of the magnetite ore within the FE1 Ore Body, Mining Lease M09/166 CRIMM (Changsha Research Institute for Mining and Metallurgy – Hu’
Slide 11: PFS – Geotechnical Summary
PFS – Geotechnical Summary Entech Mining Consultancy commissioned to For personal use only undertake Geotechnical study of Fe1 deposit. Including collating and validating geotechnical and structure logging, and analysis. Rock mass characterization, and summary of rock mass statistics by type and dom
Slide 12: PFS – Geotechnical study
PFS – Geotechnical study Preliminary results indicate: For personal use only • 10m to 20m bench height • Fresh rock bench angle of 75° • Fresh rock spill berm width of 9m • Inter-ramp angle of 54.3 ° PAGE 12| IN VESTOR PRESEN TATION - ASX: AHN - ATHENARESOURCES.COM.AU
Slide 13: Infrastructure
Infrastructure For personal use only 1 2 Berths 7 3 4 6 5 Geraldton Port • Geraldton Port – experienced iron ore handlers • Berths 5, 6, and 7 designed to cater for iron ore loading and shipment • Current capacity deemed suitable for handling Byro Fe Concentrate PAGE 13| IN VESTOR PRESEN TATION - AS
Slide 14: Environmental, Social, Governance
Environmental, Social, Governance For personal use only Steelmakers need to decarbonize - responsible for 8% China, generates around 2t of CO2 for every tonne of steel. of the worlds CO2 emissions. Cleaner processes, such as direct reduced iron and electric arc Traditional blast furnaces consume hig
Slide 15: Investment Summary
Investment Summary Green Steel Opportunity in Mid-West Western Australia Byro magnetite is the highest grade and potentially lowest cost in Australia For personal use only Byro’s superior iron content of > 72% Fe presents clear opportunity to feed Green Steel market demand 29.3 Mt MRE completed incl
Slide 16: Corporate
Corporate Ed Edwards - Managing Director ee@athenaresources.com.au +61 448 895 664 For personal use only Technical Liam Kelly – Exploration Manager Martin Dormer – Head of Geology +61 438 143 296 21 Millstream Rise, Hillarys, WA 6025 athenaresources.com.au