Castle Minerals Ltd · ASX:CDT
Castle Minerals — Benchmark Battery Gigafactories Asia Pacific 2023
22 slides from Castle Minerals's conference presentation, Sep 20, 2023
Slide 1: Charging Ahead: The Kambale Graphite Project
For personal use only Charging Ahead The Kambale Graphite Project Benchmark Battery Gigafactories Asia Pacific 2023, Tokyo, 20-21 September 2023
Slide 2: Disclaimer & Competent Person Statement
Disclaimer & Competent Person Statement Cautionary Statement - This presentation does not constitute investment advice. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any
Slide 3: Why invest now in a graphite company?
Why invest now in a graphite company? • Graphite: A ‘Critical Mineral’ for achieving “clean energy”, “net zero” ambitions. For personal use only • Lithium-Ion Batteries (“LiB”) dominate EV batteries, stationary power storage units and other applications. • Graphite 95% of a LiB anode. 30kg - 60kg pe
Slide 4: Demand – Supply Disconnect
Demand – Supply Disconnect • <400 ‘gigafactories’ (LiB manufacturing plants) planned by 2030. • Many more new graphite mines needed to meet demand. For personal use only • Supply disconnect: Gigafactories much faster to build than mines are to find, develop and to have their BAM ‘qualify’. • Most po
Slide 5: Supply Chain Bottleneck
Supply Chain Bottleneck For personal use only Tesla’s Berlin Gigafactory has plans to expand from 250,000 cars per year to 500,000 and then to 1,000,000. ~400 Gigafactories Operating by 2030? Commentary sources: Bloomberg. Fastmarkets. McKinsey. Macquarie. Tesla’s Berlin Gigafactory achieves 5,000 v
Slide 6: Fast-Tracking the Kambale Graphite Project
Fast-Tracking the Kambale Graphite Project • Recent evaluation commenced early 2022 driven by burgeoning EV vehicle sales and forecast graphite supply deficit: For personal use only ü 2x ground EM geophysical surveys to locate deposit extensions. ü 3x RC and diamond core drilling programmes to defin
Slide 7: Maiden MRE: 14.1Mt Contained Graphite (update pending)
Maiden MRE: 14.1Mt Contained Graphite (update pending) Classification Contained (5% TGC Cut- Tonnes (kt) TGC % TGC (kt) Off) For personal use only Indicated 5,979 542 9.1% 39% Inferred 9,632 863 9.0% 61% Total 15,611 1,405 9.0% Independent JORC Code 2012 Mineral Resource Estimate1,2 (Refer ASX relea
Slide 8: Shallow, Multiple, Wide Lens
Shallow, Multiple, Wide Lens 15.6Mt at 9% TGC For personal use only (1.4Mt contained graphite) Concept open-pit outline (for illustration purposes only). Use QR Code to access fly-through video on YouTube. Mineralisation from surface. Open at depth. Robust, thick intercepts 8
Slide 9: Searching For More Graphite
Searching For More Graphite Heading out to start another day’s LOUPE EM surveying. Reconnaissance mapping and state- For personal use only of-the-art Loupe EM geophysics campaign has identified a series of high-priority targets within the broader 149km2 tenure. 9
Slide 10: Commercial Grade Bulk Fine Flake Concentrate Produced
Commercial Grade Bulk Fine Flake Concentrate Produced Phase 2 test work (IMO P/L and Metallurgy P/L, Perth): • 215kg unweathered, composited diamond core samples extracted from For personal use only representative mineralised zones and used for test work. Graphite’s • ~95.1% TGC bulk fine flake grap
Slide 11: Excellent Development Credentials
Excellent Development Credentials • Minimal infrastructure capital requirements: Bui Dam and 400MW hydroelectric power station provides ü Largely green-grid power from 400MW Bui hydro dam. majority of grid power to Upper West Region. For personal use only ü Plentiful potable water. ü Quality sealed
Slide 12: ESG & Social Licence to Operate
ESG & Social Licence to Operate • Team has many years successful local operational experience: • Acting and communicating respectfully, transparently, inclusively and constructively with all stakeholders. For personal use only • Honouring and awareness of traditions, heritage and rural practices. •
Slide 13: Maximising Local Content
Maximising Local Content • 100% in-country management and technical team. • 100% in-country procurement. For personal use only • Proposed 100% mining, construction and other services. 13
Slide 14: Fast-Tracking
Fast-Tracking • Considerable de-risking progress in last 18 months: 21,000m drilling + maiden MRE + Test work + Geophysics + ESG. For personal use only • Short term milestones: ü Update to MRE. ü Specialist assessment of Phase 2 bulk fine flake concentrate for anode production. ü Scoping Study comme
Slide 15: Corporate
Corporate Michael Atkins Non-Executive Chair (Corporate & Finance) 1,124.5M 205.5M 36.0M For personal use only Ordinary Shares (CDT) Options Listed (CDTO & Options (Unlisted) Stephen Stone CDTOA) Managing Director (Corporate & Geology) A$12.4M A$2.1M A$10.3M Market Cap ($0.011/ share) Working Capita
Slide 16: Why Castle?
Why Castle? ü Portfolio of quality Future Metals projects in Australia and Ghana. ü Flagship Kambale Graphite Project, Ghana: For personal use only ü Very strong graphite demand fundamentals if clean energy ambitions are to be achieved. ü Robust *15.6Mt at 9.0%TGC (1.4Mt contained) MRE (Update pendi
Slide 17: Considerable Value Compressed Into Modest Market Capitalisation
Considerable Value Compressed Into Modest Market Capitalisation “The Kambale graphite project is rapidly emerging as a credible proposition at a time when graphite is For personal use only now firmly on the Critical Minerals list and a massive supply deficit looks very likely.” “Castle’s investors c
Slide 18: Thank You
For personal use only Thank You Contact: Stephen Stone, Managing Director stone@castleminerals.com admin@castleminerals.com Mb +61 (0) 418 804 564 or Ph +61 8 9322 7018 ASX: CDT 18
Slide 19: Appendix
For personal use only APPENDIX 19
Slide 20: GHANA: Carlie Mining Limited - Quality Gold Assets
GHANA: Carlie Mining Limited - Quality Gold Assets 100% Carlie Mining Limited • A focused consolidation (2,686km2) of Birimian age geological terrane prospective for structurally controlled For personal use only orogenic-style gold. • Adjacent to Azumah Resources Limited’s Wa Gold Project (1.37Moz O
Slide 21: AUSTRALIA: Future Metals & Gold Projects
AUSTRALIA: Future Metals & Gold Projects “Castle has accumulated an enviable position in the For personal use only rapidly emerging Earaheedy Basin base metals province where Rumble Resources Limited has made a Tier-1 scale, open-ended SEDEX and MVT-style zinc-lead- copper discovery.” Earaheedy Basi
Slide 22: AUSTRALIA: Incubating Lithium and Graphite Opportunities
AUSTRALIA: Incubating Lithium and Graphite Opportunities “Castle is incubating a portfolio of quality, early-stage Future Metals projects in the Great Southern Region of Western Australia” For personal use only Wilgee Springs (Lithium) Woodcutters (Lithium) Kendenup & Martagallup (Graphite)
Castle Minerals — Benchmark Battery Gigafactories Asia Pacific 2023 on 6ix