Element 25 Limited · ASX:E25
Element 25 — Shareholder Meeting (November 2024)
31 slides from Element 25's shareholder meeting presentation, Nov 22, 2024
Slide 1: Building a Global Manganese Business
For personal use only Building a Global Manganese Business Supplying low-carbon sustainable manganese ore and EV battery grade HPMSM to global markets 2024 Annual General Meeting - November 2024 ASX : E25 OTCQX : ELMTF
Slide 2: Disclaimer
Disclaimer This presentation (Presentation) contains only a brief overview of Element 25 Limited and its associated entities (Element 25 or E25) and their respective activities and operations. The contents of this presentation, including matters relating to the geology of Element 25's projects, may
Slide 3: Element 25 Introduction
Element 25 Introduction Share Register: For personal use only Expanding the 100% owned Butcherbird Manganese Mine in Western Australia to produce high-quality manganese oxide concentrate. Other Stellantis Board & Management Developing a USA-based refinery to supply ethical ATM Facility battery-grade
Slide 4: Company Leadership
Company Leadership BOARD OF DIRECTORS For personal use only Experienced, Multi-disciplinary Board & Management John Ribbons Justin Brown Fanie van Jaarsveld Sam Lancuba Chairman Managing Director Non-Executive Director Non-Executive Director CPA Geologist Analytical Chemist Chemical Engineer PROJECT
Slide 5: The Butcherbird Manganese Project
For personal use only The Butcherbird Manganese Project
Slide 6: Butcherbird Manganese Project
Butcherbird Manganese Project • World-class manganese resource. For personal use only • Located in a Tier-1 jurisdiction with strong ESG regulation. • Over 270 million tonnes in resources with potential to expand (2024 resource update1). • Long mine-life with further upside by converting Inferred Re
Slide 7: Butcherbird Manganese Mine - Resources & Reserves
Butcherbird Manganese Mine - Resources & Reserves 1 Ore Reserve For personal use only Category Tonnes (Mt) Mn (%) Contained Mn (Mt) • High conversion of measured and Proved 14.4 11.5 1.65 indicated resources to reserve. Probable 36.2 9.8 3.56 • Current Reserve: • Only utilises approximately 20% of g
Slide 8: Company strategic vision for growth
Company strategic vision for growth Butcherbird Expansion Louisiana HPMSM Expand Globally For personal use only 1.1Mt/a Manganese Ore1 USA EV Critical Raw Materials2 HPMSM Expansion - EU & Asia Build and commission a full large-scale Construct the first US HPMSM processing facility Multiple HPMSM mo
Slide 9: A Year of Milestones
A Year of Milestones Butcherbird Expansion Project Louisiana HPMSM Project Key Milestones Lake Johnstone Lithium Update For personal use only Reference: ASX Release 28 Nov 2023 Regroup & Scania to Launch Autonomous Fleet at Butcherbird Reference: ASX Release 19 June 2024 US$57M Louisiana Incentives
Slide 10: Large, long-life manganese ore mine in Western Australia
Large, long-life manganese ore mine in Western Australia E52/2350 M52/1074 Global Resource For personal use only 274Mt @ 10.0% Mn1 Granted Mining Lease and permitting largely completed during pilot plant stage - minor amendments pending approval for expansion Measured Indicated (Pre 2024 Update) Lar
Slide 11: Simple Geology: low-cost, low-impact operations
Simple Geology: low-cost, low-impact operations Classification Tonnes (Mt) Mn (%) Contained Mn (Mt) RESOURCE GROWTH POTENTIAL For personal use only Resource1 274 10.0 27.4 • Large resource offers long term Reserve2 49.0 10.2 5.0 operating potential. • Mineralisation outside existing resource provide
Slide 12: Butcherbird Manganese Mine Expansion
Butcherbird Manganese Mine Expansion • New processing facility will optimise and scale the process. For personal use only CRUSHER/SCREEN • Scale and improved efficiencies will Pilot Plant: Expanded Will be replaced during Processing Facility lower costs and increase profits. expansion • CO2 emission
Slide 13: Butcherbird Manganese Mine Expansion
Butcherbird Manganese Mine Expansion For personal use only CRUSHER/SCREEN Dense Media (DMS) Dry Screen Processing Circuit Crushing Circuit Logwasher DMS PLANT Administration Engineering design modifications Mineral Sizer Screen DMS Drum ProductSTOCKS PRODUCT Stockpiles Improved clay Design Improved
Slide 14: Butcherbird Expansion – Scale Strengthens the Business
Butcherbird Expansion – Scale Strengthens the Business Economies of scale from the expanded operation will move the For personal use only Butcherbird production costs lower on the global cost curve and strengthen the business through all price cycles. Mn ore cost curve (CIF China, US$/t) July 2024 E
Slide 15: E25 HPMSM Strategy
For personal use only E25 HPMSM Strategy
Slide 16: Vertically-integrated global HPMSM supply
Vertically-integrated global HPMSM supply WA Manganese Ore Supply: For personal use only Low Cost Australian manganese ore E25 Ore Mineral Sizer Log Washer DMS Circuit concentrates as feedstock for HPMSM production to supply Vertically integrated critical battery US EV markets. raw material supply c
Slide 17: Global Refining Capacity in the Longer Term
Global Refining Capacity in the Longer Term EU & UK policy shifts are MoU signed with Nissan First HPMSM Facility: EU competing with the IRA Chemical Corporation to Louisiana USA - IRA is driving capital For personal use only for investment in battery jointly develop HPMSM flows into US electrificat
Slide 18: Improved, Cost-Competitive Cleaner Process Technology
Improved, Cost-Competitive Cleaner Process Technology The Element 25 Process makes significant changes & improvements: For personal use only Current Outdated Technologies mean: • Large volumes of waste residues. • Toxic Reagents like Flourine. • Inefficient. • Higher Cost. Reagents/Cost Carbon Emiss
Slide 19: ESG - LCA demonstrates a low-carbon, ethical process
ESG - LCA demonstrates a low-carbon, ethical process • LCA covers Scope 1, 2 and 3 emissions from mining through E25 Process Reduces Global Warming Potential For personal use only Relative to Incumbent Producers to the proposed USA-based HPMSM processing plant. • E25 HPMSM to produce ~1.7kg of CO2 f
Slide 20: ESG Benchmarking
ESG Benchmarking • Digbee ESG benchmarking For personal use only process completed for 2024. • Opportunities identified for action over following period. • Executive incentive KPIs now linked to ESG outcomes. • Internal reporting processes being developed to improve ESG credentials and preparedness
Slide 21: The Importance of Manganese
For personal use only The Importance of Manganese
Slide 22: Electric Vehicle (EV) uptake keeps accelerating…
Electric Vehicle (EV) uptake keeps accelerating… For personal use only Mn Reference: https://thedriven.io/2024/11/13/global-ev-sales-heading-for-record-16-7-million-sales-in-2024-despite-reports-of-slowdown/ - 22 -
Slide 23: Transition to Higher Manganese Cathodes
Transition to Higher Manganese Cathodes Manganese Rich Cathode chemistries help to solve supply, ESG and supply security challenges For personal use only High-manganese represents the optimum cost-benefit ratio. Volkswagen, March 2021 Li-Mn-rich technology shown as "cost" solution in electrification
Slide 24: Transition to Higher Manganese Cathodes
Transition to Higher Manganese Cathodes LMFP, LMNO and NMX cathode chemistries offer improved safety, higher energy For personal use only density, reduced cost per KWh and greater supply chain flexibility. High Manganese Cathode Material offers a number of advantages: Reduced nickel and very low to
Slide 25: Louisiana Battery Grade HPMSM
For personal use only Louisiana Battery Grade HPMSM
Slide 26: DoE Grant - Part of US Government Drive for Domestic Manufacturing
DoE Grant - Part of US Government Drive for Domestic Manufacturing DoE Grant Selection For personal use only • E25’s planned HPMSM facility in Louisiana selected for award negotiations for US$166 million grant from the U.S. DoE. • Louisiana HPMSM Project selected under DoE’s MESC Battery Materials P
Slide 27: DoE MESC Grant - Supporting Local Raw Material Supply
DoE MESC Grant - Supporting Local Raw Material Supply Local Supply Chain Mn Ore Comminution For personal use only • Process and supply chain developed to maximise U.S. industry US$166M Reductant involvement. Leach Grant • Working with partners GM and Acid Stellantis to supply low carbon HPMSM for EV
Slide 28: DoE Grant Award Underpins Project Capital Stack
DoE Grant Award Underpins Project Capital Stack • DoE US$166M grant selection provides cornerstone funding to For personal use only support project success1. • Louisiana HPMSM Project selected under DoE’s MESC Battery Materials Processing Grant Program. • E25 and DoE grant team working to finalise b
Slide 29: Questions?
The Planned Element 25 HPMSM facility in Louisiana, USA For personal use only Questions? *Subject to successful project financing and permitting
Slide 30: Contact Details
For personal use only Contact Details Justin Brown Media Inquiries: Managing Director Nathan Ryan Email: admin@e25.com.au Email: nathan.ryan@nwrcommunications.com.au Phone: +61 (8) 6375 2525 Phone: +61 (0) 420 582 887 ASX : E25 OTCQX : ELMTF
Slide 31: Competent Person’s Statement
Competent Person’s Statement The information in this report that relates to Exploration Results and Exploration Targets is based on information compiled by Mr Justin Brown who is a member of the Australasian Institute of Mining and Metallurgy. At the time that the For personal use only Exploration R