Anax Metals Limited · ASX:ANX

Anax Metals — Investor Presentation (December 2021)

16 slides from Anax Metals's investor presentation, Dec 1, 2021

  1. 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 For personal use only ASX:ANX – December 2021 Whim Creek circa 1900

  2. 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

  3. Slide 3: Sustainable Pilbara Copper - Whim Creek Project Highlights

    SUSTAINABLE PILBARA COPPER - WHIM CREEK Project Highlights1 2 For personal use only Pre-production Sustainable Free Cashflow of capital cost Pilbara Copper $196m estimate of $52 With exploration million upside ANX 80% / US$20M Debt 10,000-11,000 tpa Funding Package Develop Global Cu (eq) from Anglo

  4. Slide 4: 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 For personal use only 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

  5. Slide 5: Company Strategy – Three Key Elements

    COMPANY STRATEGY – THREE KEY ELEMENTS Anax - Leader in Ancient Greek For personal use only DELIVERY: Monetising advanced assets using smart technology - Whim Creek Copper-Zinc Project the start; DISCOVERY: Assessing opportunities to develop other advanced projects through the integration of smart te

  6. Slide 6: Company Board and Management

    COMPANY BOARD AND MANAGEMENT Anax Metals Board For personal use only 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

  7. Slide 7: Capital Structure

    CAPITAL STRUCTURE Major Shareholder Total Shares on Issue For personal use only 60% 350m Market Cap @09c $31.5m 4% 5% 17% Cash at Bank 6% 8% ~$ 6.7m NTA (cash + Listed Investments *) JETOSEA PTY LTD HOLIHOX PTY LTD BEARAY PTY LTD HSBC J P MORGAN Other $10.6m Enterprise Value $ 24.8m * Value of liste

  8. Slide 8: The Anax Flowsheet – Using Technology to Deliver a Robust Project

    THE ANAX FLOWSHEET – USING TECHNOLOGY TO DELIVER A ROBUST PROJECT  Open pit mining from developed pits – critical mass at Mons Cupri For personal use only ~2% Cu (eq) and Whim Creek with significant underground “sweeteners” at Salt Creek and Evelyn  Highest grades in the upper portion of the depos

  9. Slide 9: Whim Creek Copper-Zinc Project

    WHIM CREEK COPPER - ZINC PROJECT 12 For personal use only  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 co

  10. Slide 10: The Anax Flowsheet – Carbon Reduction Through Technical Innovation

    THE ANAX FLOWSHEET – CARBON REDUCTION THROUGH TECHNICAL INNOVATION For personal use only  High grade deposits deliver lower carbon consumption per tonne of metal  Particle sorting results in circa 50% reduction in material milled and dispatched to tailings - >22 MWh reduction in energy consumption

  11. Slide 11: Whim Creek Project Development Update

    WHIM CREEK PROJECT DEVELOPMENT UPDATE Key Upcoming Milestones Next Steps For personal use only 11

  12. Slide 12: Whim Creek Project - Exploration

    WHIM CREEK PROJECT - EXPLORATION For personal use only  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 - conglo

  13. Slide 13: Whim Creek Project - Exploration

    WHIM CREEK PROJECT - EXPLORATION For personal use only  Anax has defined deep-seated structures bounding the tenure Airstrip to the northwest and southeast as the focus of exploration  3D structural modelling completed to enhance near-mine exploration  Anax has completed its 2021 regional UltraFi

  14. Slide 14: Whim Creek – Environmental Site Improvements

    WHIM CREEK – ENVIRONMENTAL SITE IMPROVEMENTS  Whim Creek is subject to an Environmental Protection Heap For personal use only Notice (EPN) W-drains Workshop Process Ponds Raw Water pond  EPN Risks and site improvements were fully disclosed in the Company’s prospectus dated 18 September 2020  Thes

  15. Slide 15: Scoping Study Complete & Feasibility Studies Underway

    SCOPING STUDY COMPLETE & FEASIBILITY STUDIES UNDERWAY DELIVERY & EXPLORATION DISCOVERY For personal use only  Sustainable Pilbara Copper  10,000-11,000 tpa Cu (eq) production  Pre-production capital cost estimate of $52 million  Free Cashflow of $196m  Debt Funding - US$20M from Anglo American

  16. Slide 16: Thanks

    For personal use only 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 16

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