Element 25 Limited · ASX:E25
Element 25 — Non-Deal Roadshow (July 2023)
28 slides from Element 25's roadshow presentation, July 2023
Slide 1: Element 25 Limited Investor Update
Element 25 Limited Investor Update Building a World-Class Battery Grade Manganese business July 2023 – London, New York, Toronto Investor Update ASX:E25
Slide 2: Disclaimer
Disclaimer This presentation contains only a brief overview of Element 25 Limited and its associated entities (“Element 25") and their respective activities and operations. The contents of this presentation, including matters relating to the geology of Element 25's projects, may rely on various assu
Slide 3: Corporate Summary
Corporate Summary ASX Ticker: E25 Introduction: Issued Shares: 218M Developing the world class Butcherbird Manganese Project in Western Australia to produce Share Price: A$0.55 high quality manganese concentrate and battery grade High Purity Manganese Sulphate Market Cap: A$120M Monohydrate (HPMSM)
Slide 4: Experienced Owners Team
Experienced Owners Team BOARD OF DIRECTORS Recent additions strengthens Recentdepth additions of industry & operational strengthens depth experience for both& of industry mining and operational. chemical processing divisions. Seamus Cornelius Justin Brown John Ribbons Fanie van Jaarsveld Sam Lancuba
Slide 5: Our Strategic Vision
Our Strategic Vision… Stage 1 Stage 2 Stage 3 Stage 4 365Kt per annum 1 Mt per annum High Purity MnSO4 MnSO4 Expansion In production, optimising process, Engineering design and costing in Strong OEM support –signed with Long term - multiple HPMSM preparing expansion progress using DMS option Stellan
Slide 6: Traditional Manganese & Battery Raw Materials
Traditional Manganese & Battery Raw Materials Mn ALLOYS HPMSM - EV FUEL A key raw material Used in steel, alloys and for Electric Vehicle (EV) Batteries aluminium products. E25 New approach to improve High silica concentrate HPMSM ESG credentials suitable for Si-Mn alloys Manganese Concentrate Stron
Slide 7: Large long mine life manganese concentrate operation
Large long mine life manganese concentrate operation 100% E25 owned, long term tenure. E52/2350 M52/1074 Granted Mining Lease Measured & Indicated Resources are the basis Simple Logistics for the 42-year Base Case -7-
Slide 8: Very simple geology equals low-cost, low impact manganese units
Very simple geology equals low-cost, low impact manganese units Classification Tonnes (Mt) Mn (%) Contained Mn (Mt) RESOURCE GROWTH POTENTIAL Resource 263 10.0 20.8 • Enough resource base for multi- Reserve 50.6 10.3 5.22 decade long expansion pathway. • Can produce concentrate, battery grade HPMSM
Slide 9: Stage 1: Project Delivery Complete – Engineering Optimisation Progressing
Stage 1: Project Delivery Complete – Engineering Optimisation Progressing Process Water Storage Tails Storage ROM Stocks Main Access Road Ore Stockpiles Feedstock for HPMSM conversion Processing Plant -9-
Slide 10: Our Goal – Zero Carbon High Purity Manganese
Our Goal – Zero Carbon High Purity Manganese… Stage 1 First production of manganese concentrate to sell to manganese alloy manufacturers Multi-stage growth Stage 2 potential Expansion of the concentrate production to produce manganese feedstock to convert to MnSO4 Stage 3 Establishing a conversion f
Slide 11: New Energy Vehicle (NEV) Demand Growing Strongly
New Energy Vehicle (NEV) Demand Growing Strongly Umicore chemistries addres of More totalvehicles equals more EV Light-duty batteries! CAM d Global CAM demand (GWh) 2,400 LDV only – Chemistry split ~25% U CAGR a m d 1,300 ~75% to d a 400 Mn ~25% 2022 2026 2030 NMC/NCA, Manganese-rich LF(M)P Referenc
Slide 12: Geopolitical Challenges are Influencing Investment Trends
Geopolitical Challenges are Influencing Investment Trends Supply Chain Diversification Manganese is increasingly important as an EV battery cathode material. • Current battery raw material supply is dominated by China. OEMs are seeking ethical, cost • Single source supply threatens supply security.
Slide 13: The Battery Industry is Looking to Manganese
The Battery Industry is Looking to Manganese Changing Chemistries Battery Chemistries are NMC LMR Adapting to Supply Constraints LFP LMFP Manganese in cathodes: 17% of material but only Mn 2% of cost (NMC 622) Reference: Volkswagen, Stellantis, Tesla, CPM Group, Morgan Stanley Research, Bloomberg Ne
Slide 14: Manganese, the battery raw material supply chain solution?
Manganese, the battery raw material supply chain solution? PDAC 2023 Keynote Speaker “…manganese (is) the single most critical mineral for batteries right now,” he said. “How many companies outside of China make manganese commercially for a battery right now? Which is the hottest metal for batteries
Slide 15: Low cost, efficient HPMSM process – significant improvements
Low cost, efficient HPMSM process – significant improvements… The Element 25 Process makes significant changes & improvements… Problems with Current Technologies • Large volumes of waste residues • Toxic Reagents • Inefficient • Higher Cost • Outdated processing technology Reagents/Cost Carbon Emiss
Slide 16: Targeting Zero Carbon Manganese – ESG is integral to our thinking
Targeting Zero Carbon Manganese – ESG is integral to our thinking • LCA covers Scope 1,2 and 3 emissions from mining through Global Warming Potential Existing producers often use high energy processes to the proposed USA-based HPMSM processing plant. like electrowinning and/or toxic reagents like fl
Slide 17: Design One Build Many
Stage 3 Expansion of Conversion Capacity – Multiple Plants Planned EU JP KR Feasibility Study Site: Louisiana USA US Mn Concentrate Feedstock (33% Mn): Up to 1M tonnes per annum manganese MY concentrate production planned at the Butcherbird Project in Western Australia. • E25 manganese concentrate i
Slide 18: Inflation Reduction Act 2022 – What's Changed?
Inflation Reduction Act 2022 – What’s Changed? Summary of Impacts on Battery Supply Chains • Regulations effective from January 1, 2025. • Requirement for 40% of battery materials to be sourced from north American or allied countries from 2024. • Increasing to 80% by 2026. • Allied countries include
Slide 19: Potential Production Plant Site – Ascension Parish Louisiana
Potential Production Plant Site – Ascension Parish Louisiana Pre-FID Activities Underway with local Engineering & Construction Contractors: • Conducting detailed assessments of the viability of the pr0posed site. • Focusing on local content where possible. • Negotiating partnerships with local reage
Slide 20: Proposed Production Plant – Ascension Parish Louisiana
Proposed Production Plant – Ascension Parish Louisiana Ore Storage Processing Train 2 Processing Train 1 Product storage and despatch - 20 -
Slide 21: Feasibility Study - compelling economics
Feasibility Study - compelling economics
Slide 22: Offtake & Financing – Stellantis & General Motors
Offtake & Financing – Stellantis & General Motors USD$30M equity prepay & USD$85M senior debt • Binding agreements signed for offtake and funding. • Binding agreements signed for offtake and funding. • Key commercial terms include: • Key commercial terms include: • Five (5) year HPMSM supply commitm
Slide 23: Project Financing Strategy – Building the Capital Stack
Project Financing Strategy – Building the Capital Stack Multiple funding pathways being actively negotiated: US$30M $15M Equity & $15M Prepay • US$115M secured through GM and Stellantis deals. Binding documents executed • Discussions in progress with other potential offtake partners. US$85M Senior d
Slide 24: Our Strategic Vision
Our Strategic Vision… Stage 1 Stage 2 Stage 3 Stage 4 365Kt per annum 1 Mt per annum High Purity MnSO4 MnSO4 Expansion In production, optimising process, Engineering design and costing in Strong OEM support –signed with Long term - multiple HPMSM preparing expansion progress using DMS option Stellan
Slide 25: Thank you
Thank you For more information, please contact Element 25 Limited: +61 8 6375 2525 admin@e25.com.au www.element25.com.au ASX:E25
Slide 26: Our Strategic Vision
Our Strategic Vision… Resource scale of the Butcherbird Project underpins long-term growth. Company Growth Stages Industry Segments Opportunity Manganese Ore All Manganese Industries Reliable Long Term Supply Ethical Clean Manganese Supply Manganese is the world’s fourth largest metal Demand for hig
Slide 27: Reserves and Resources
Reserves and Resources Maiden Ore Reserve1 Category Tonnes (Mt) Mn (%) Contained Mn (Mt) • 89% conversion of measured and Proved 14.4 11.5 1.65 indicated resources to reserve. Probable 36.2 9.8 3.56 • Maiden Reserve only exploits Total 50.6 10.3 5.22 approximately 20% of global Global Mineral Resour
Slide 28: Competent Person's Statement
Competent Person’s Statement The information in this presentation that relates to Exploration Results is based on information compiled by Mr Justin Brown who is a full-time employee of the Company and is a member of the Australasian Institute of Mining and Metallurgy. Justin Brown has sufficient exp