Platina Resources Limited · ASX:PGM
Platina Resources — Shareholder Meeting (November 2019)
24 slides from Platina Resources's shareholder meeting presentation, Nov 27, 2019
Slide 1: New Frontiers New Growth: 2019 Annual General Meeting
For personal use only Photo positional only. To be replaced with drilling photo. NEW FRONTIERS NEW GROWTH 2019 Annual General Meeting 27 November 2019
Slide 2: Company Profile: Developing Projects Around the World
COMPANY PROFILE DEVELOPING PROJECTS For personal use only Skaergaard AROUND THE WORLD Greenland 100% owned Gold, Platinum Group Metals • Platina controls a portfolio of precious, Blue Moon specialty and base metal projects at California, USA Earning 70% various stages of development. Munni Munni Zin
Slide 3: FY19 Highlights: Key Objectives Achieved
FY19 HIGHLIGHTS KEY OBJECTIVES ACHIEVED For personal use only New project • Acquired a new early-stage project Platina Scandium Project • Completed the Definitive Feasibility Study • Completed a master alloy development program • Mining Lease Application lodged Skaergaard • Completed a Scoping Study
Slide 4: FY19 Highlights: Blue Moon Project
FY19 HIGHLIGHTS BLUE MOON PROJECT For personal use only • Platina realised its FY19 strategic decision to acquire a new project – Blue Moon Project. • Blue Moon is a drill-ready, high-grade zinc- copper-gold deposit with significant resource expansion potential. • The project provides shareholders w
Slide 5: Blue Moon Project Joint Venture Terms
BLUE MOON PROJECT JOINT VENTURE TERMS For personal use only • Platina to acquire a 70% interest in Blue Moon Project by spending: - $CAD3.25 million to earn 50% over 18 months & - $CAD3.75 million to earn an additional 20% over 18 months • Expenditure based on a contribute/dilute basis once Platina
Slide 6: Blue Moon Project: Drilling Has Started
BLUE MOON PROJECT DRILLING HAS STARTED For personal use only • The 10,000 metre diamond core drilling program will see up to 2,000m (phase 1) drilled before the end of 2019 and the balance in the first quarter of 2020 • We believe there is excellent potential to expand the size of the existing miner
Slide 7: Blue Moon Project Investment Proposition
BLUE MOON PROJECT INVESTMENT PROPOSITION For personal use only 01 Significant valuation upside Right commodities, right time 03 Drill-ready, brownfield project with potential Metals for a modern future re-rating as it moves along value curve Large resource with attractive Favourable location 02 grad
Slide 8: Investment Proposition: Significant Value Upside
INVESTMENT PROPOSITION 240 ADRIATIC 01 SIGNIFICANT VALUE UPSIDE For personal use only Explorer METALS Developer Producer 178 • Blue Moon historical expenditure ~$10 million NEW CENTURY Market Capitalisation ($A million) RESOURCES • Significant value in the ASX Zn/Pb peer group* 115 GALENA • Platina
Slide 9: Large Resource with Attractive Grades
BLUE MOON INVESTMENT PROPOSITION 02 LARGE RESOURCE WITH For personal use only ATTRACTIVE GRADES • Blue Moon provides exposure to zinc, copper, gold and silver • Deposit well understood – 43,000m of drilling in ~113 holes • High-grade, polymetallic, Zn-Cu-Pb-Au-Ag VMS Main Vein deposit hosted in rhyo
Slide 10: Large Resource with Attractive Grades: Foreign Inferred Resource
Cautionary Note – BLUE MOON INVESTMENT PROPOSITION National Instrument 43-101 is a national instrument for the Standards of Disclosure for Mineral Projects within Canada. The Mineral Resources stated are foreign estimates and are not 02 LARGE RESOURCE WITH For personal use only reported in accordanc
Slide 11: Right Commodities, Right Time
BLUE MOON INVESTMENT PROPOSITION 03 RIGHT COMMODITIES, For personal use only RIGHT TIME Average LME zinc price US$/tonne 3,600 2,802 • Zinc is the fourth-most-consumed metal after 2,587 iron, aluminum and copper - ~14.8Mt in 2019 2,474 2,276 • Zinc’s primary use is galvanisation to protect steel fro
Slide 12: Zinc Stocks vs LME Price
Zinc stocks vs LME price LME zinc stocks SHFE zinc stocks LME cash zinc price For personal use only SLIDE / 12
Slide 13: Right Commodities, Right Time: Zinc Supply
INVESTMENT PROPOSITION 03 RIGHT COMMODITIES, For personal use only Zinc supply (assumed growth) RIGHT TIME ‘000s TONNES High demand • Perceived demand weakness has impacted prices: Base demand • USA-China trade war Low demand • global growth concerns • ~230kt/year new supply needed to satisfy demand
Slide 14: Favourable Location
BLUE MOON INVESTMENT PROPOSITION 04 FAVOURABLE For personal use only LOCATION • Zinc smelters located within the USA and Canada, plus Asia/Australia options • Four hours drive to Reno (service BLUE MOON providers). ZINC PROJECT • Two hours drive to export port at BLUE MOON ZINC PROJECT Oakland. Zinc
Slide 15: Platina's Other Projects
For personal use only Platina’s Other Projects: • Platina Scandium Project • Skaergaard • Munni Munni
Slide 16: Realising Full Value of Other PGM Projects Remains a Priority
REALISING FULL VALUE OF OTHER PGM PROJECTS REMAINS A PRIORITY For personal use only Our existing assets still have real value. • We are very focused on finding a path to get these monetised but this process will take more time. • A new asset will also allow us to expand, develop or monetise our exis
Slide 17: Platina Scandium Project
PLATINA SCANDIUM PROJECT For personal use only An advanced, de-risked project with potential as a simple, low-cost, open-cut mining operation. • The DFS completed in 2018 demonstrated the technical and economic viability of developing the projects once offtake established. Mining Lease Application l
Slide 18: Platina Scandium Project: 2018 DFS Highlights
PLATINA SCANDIUM PROJECT For personal use only 2018 Definitive Feasibility Study Highlights. 2018 Definitive Feasibility Study Highlights. Robust financials High grade resource base • Based on a mine life of 30 years • Very large and high-grade scandium resource, which is amenable to simple, low-cos
Slide 19: Platina Scandium Project: Market Development
PLATINA SCANDIUM PROJECT For personal use only Market development challenges Strategies to advance the PSP to the next stage • While the solid oxide fuel cell industry has been the MOU with Traxys dominant consumer of scandium in recent years, the metal’s greatest value is as an aluminium alloy targ
Slide 20: Skaergaard Project: Scoping Study Defines Development Pathway
SKAERGAARD PROJECT For personal use only Scoping study defines development pathway • A new scoping study completed in November shows the grade of the palladium and gold ore zones are relatively low and a large-scale underground mining operation and process plant with a high initial capital outlay wi
Slide 21: Munni Munni Project
MUNNI MUNNI PROJECT (30% interest) For personal use only • A joint venture with Artemis Resources Limited. • Artemis did not spend any funding on the project this year and we generally agree with the thesis. • The project has a number of challenges including its low-grade, and at a depth that is not
Slide 22: Summary
SUMMARY For personal use only Core focus for FY20 is to create value from asset portfolio. • Platina is committed to pursuing maximum value from all its projects. • The Blue Moon project represents a transformational transaction for the company. We believe that it will create significant share value
Slide 23: Disclaimer
DISCLAIMER For personal use only CAUTIONARY AND FORWARD-LOOKING STATEMENTS COMPETENT PERSON STATEMENT Statements regarding Platina Resources’ plans with respect to its mineral properties are forward-looking Blue Moon Zinc statements. There can be no assurance that Platina Resources’ plans for develo
Slide 24: Contact
For personal use only CONTACT Corey Nolan Managing Director Telephone: +61 7 5580 9094 Email: admin@platinaresources.com.au platinaresources.com.au
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