Argosy Minerals Limited · ASX:AGY
Argosy Minerals — Investor Presentation (February 2021)
24 slides from Argosy Minerals's investor presentation, Feb 1, 2021
Slide 1: Investor Presentation February 2021
For personal use only Investor Presentation February 2021 ASX: AGY www.argosyminerals.com.au 1
Slide 2: Disclaimer & Important Statement
Disclaimer & Important Statement • This presentation is for information purposes only. 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 jurisdiction. This presentation m
Slide 3: Argosy… a new lithium producer
Argosy… a new lithium producer Owner of the Rincon Lithium Project, Salta Province, Argentina – current interest at 77.5%, For personal use only increasing to 90% at 10ktpa operation milestone Currently producing high purity battery quality >99.5% lithium carbonate (Li2CO3) product from brine op
Slide 4: Company Overview
For personal use only Company Overview 4
Slide 5: Corporate Snapshot
Corporate Snapshot For personal use only Capital Structure Recent Share Price Performance Shares on issue 1,019,502,141 0.22 80 Share price 1 A$0.17 0.20 Volume Price 70 Market capitalisation 1 A$173 million 0.18 0.16 60 Cash 2 $2.9 million Price (A$/sh) 0.14 Volume (m) 50 Debt 2 Nil 0.12 40 Options
Slide 6: Board & Management
Board & Management For personal use only Significant lithium industry experience, and operating experience amongst Board, Management and Project Management Alexander Molyneux Jerko Zuvela Mal Randall Ranko Matic Pablo Alurralde Andrea Betti Non Executive Chairman Managing Director Non Executive Dire
Slide 7: Rincon Project: Lithium Production
For personal use only Rincon Project: Lithium Production 7
Slide 8: Rincon Lithium Project: Production in Argentina
Rincon Lithium Project: Production in Argentina For personal use only • Rincon Lithium Project located in the world-class “Lithium Triangle” in Salta Province, Argentina • Argosy currently owns 77.5%, moving to 90% ownership upon commercial development milestone – 10ktpa operation • PEA completed in
Slide 9: Staged Approach to De-risk Outcomes
Staged Approach to De-risk Outcomes For personal use only 3 10,000tpa Li2CO3 Plant Capacity Permitting underway – EIA submitted 2 2,000tpa Li2CO3 Plant Capacity Completed PEA highlights: Pre-tax NPV(10) of US$399m; IRR of 53%; Fully permitted 2.1 year payback on capex of US$141m incl. 1
Slide 10: Industrial Scale Pilot Plant – Producing Li2CO3
Industrial Scale Pilot Plant – Producing Li2CO3 For personal use only 10
Slide 11: Significant Infrastructure Footprint
Significant Infrastructure Footprint For personal use only • Rincon has significant minesite, energy and transport infrastructure in place • Commercial 10,000tpa scale evaporation ponds (~300ha) to be constructed ~3km Existing ~38ha from production wells and proposed process operational evaporation
Slide 12: PEA: Excellent Fundamentals
PEA: Excellent Fundamentals For personal use only • Argosy completed a PEA on its Rincon Project in November 2018 PEA November 2018 Outcome 1 Operating Outcomes • Argosy currently owns a 77.5% interest in Puna Mining S.A. increasing to 90% interest upon development of 10,000tpa operation Annual prod
Slide 13: Stage is Construction Ready: 2,000tpa
Stage 2 is Construction Ready: 2,000tpa For personal use only Key Project Parameters • Regulatory permitting approvals granted for 2,000tpa operation • Construction period approximately 12 months • Commissioning and ramp-up period approximately ~3-4 months • CAPEX estimated at ~US$15-20 million (exc
Slide 14: Minimal Environmental Footprint
Minimal Environmental Footprint For personal use only High Water Low Impact Green Process & Low Energy Use Low Water Use Clean Technology Green Product Recycling Flora & Fauna Argosy has developed a chemical process technology with a minimal environmental footprint • The two key areas of the technol
Slide 15: Significant Exploration Potential to Realise
Significant Exploration Potential to Realise For personal use only • Existing Rincon Lithium Project JORC (2012) Indicated Mineral Resource estimate of 245,120t contained Li2CO3 to a vertical depth of 102.5m • Additional Exploration Target1 262,000t to 479,000t contained Li2CO3 based on a weighted a
Slide 16: Tonopah Project: Exploration
For personal use only Tonopah Project: Exploration 16
Slide 17: Tonopah Lithium Project Overview
Tonopah Lithium Project Overview For personal use only TONOPAH IS STRATEGICALLY LOCATED IN THE LITHIUM BATTERY VALLEY • Project located immediately adjacent to Albermarle’s longstanding Silver Peak operation (~4km away) - the only lithium carbonate operation in USA (operating for +50yrs) • Albemarle
Slide 18: Location & Infrastructure
Location & Infrastructure For personal use only • The Project is located within the Big Smokey Valley region in Nevada, USA, and comprises 425 claims covering an area of ~34.25km² • Directly analogous to the neighbouring Silver Peak lithium deposit, both geologically and structurally • SRK completed
Slide 19: Prospective Geophysical Data
Prospective Geophysical Data For personal use only • Gravity data used to create 3D depth inversion model shows: • northeast depth gradients crossing the Northwest Clayton Valley basin caused by normal faults which define boundaries of sub-basins; • the sub-basins are targets for traps for the conce
Slide 20: Next Steps
Next Steps Argosy will continue to For personal use only upgrade its projects and pursue ongoing Commencement development at increased FID for Stage 2 Tonopah Updated Intended FID for (2,000tpa project Exploration JORC at Completion Stage 3, depending of production at production levels, to of Feasib
Slide 21: Argosy: A New Lithium Producer
Argosy: A New Lithium Producer For personal use only Estimated operating costs at the lower end of the industry cash cost curve Completed Ability to generate exceptional annual cash flows Rincon Lithium Meaningful, long life asset – 16.5 year mine life @ 10,000tpa scale Project PEA Ability t
Slide 22: Contacts
For personal use only Jerko Zuvela, Managing Director Contacts +61 8 6188 8181 admin@argosyminerals.com.au Level 2, 22 Mount Street Perth WA 6000 Australia 22
Slide 23: Lithium Carbonate Pricing: Rapid Recovery
Lithium Carbonate Pricing: Rapid Recovery For personal use only • AGY’s Li2CO3 product from Rincon is currently sold into the spot market to key Asian trading 10,000 75,000 houses and offtakers 9,500 70,000 • AGY has good transparency to received Li2CO3 pricing being 9,000 65,000 significantly highe
Slide 24: Strategic Investments in Lithium
Strategic Investments in Lithium For personal use only 1. Rosatom (via Uranium One) secures option to purchase up to a 51% stake in Wealth Minerals Ltd Atacama project in northern Chile (Oct 2019) Motor vehicle manufacturers and 2. Albermarle Corporation’s US$820m acquisition of a 60% interest in Mi
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