Lunnon Metals Limited · ASX:LM8
Lunnon Metals — RIU Explorers Conference 2024
23 slides from Lunnon Metals's conference presentation, Feb 15, 2024
Slide 1: RIU Explorers Conference - Investor Presentation
15 February 2024 RIU EXPLORERS CONFERENCE - INVESTOR PRESENTATION Lunnon Metals Limited (ASX:LM8) is pleased to announce that Managing Director, Edmund Ainscough, will present to the RIU Explorers Conference today at 12.15pm (Perth time). For personal use only A copy of the presentation to be delive
Slide 2: Lunnon Metals (LM8) - Grade is King
This slide is 100% editable. Lunnon Metals (LM8) For personal use only Adapt it to your needs and capture your audience’s “Grade is King…” attention. This slide is 100% editable. Adapt it to your needs and capture your audience’s Edmund Ainscough 15 February 2024 attention. RIU Explorers Confere
Slide 3: Important Notice & Disclaimer
Important Notice & Disclaimer 2 This Presentation has been prepared by employees of Lunnon Metals Ltd (“Lunnon”, “LM8” or “the Company”) on its behalf and is a summary only, and contains summary information about Lunnon and its activities, which is current as at the date of this Presentation (unless
Slide 4: Kambalda investment highlights
Kambalda $27M Cash 1 For personal use only Premium location Strong balance sheet Unrivalled discovery record Maintain discovery Significant High-grade Baker deposit Mineral Resource nickel sulphides short lead time 109,100 t of nickel metal 2 Resilient project economics Low pre-production capital Pr
Slide 5: Nickel price (sentiment)
Nickel price (sentiment) 4 Ni price in US$/t or A$/t not significantly For personal use only different to June 2021 (IPO) Sentiment most definitely is! Enterprise Value 16/06/2021 (IPO) $28M 14/02/2024 now $27.5M EV/t Ni metal1 IPO Day 1 close $1,154/t2 Max $3,581/t3 Enterprise Value calculation is
Slide 6: Premium Product: High Grade Nickel Concentrate
Premium Product: High Grade Nickel Concentrate 5 Lunnon Metals Mineral Resource 109,100t* Ni metal, potential for further discoveries For personal use only High grade Nickel concentrate High Fe:MgO Excellent Cu/Co credits Low arsenic Potential regional process options^: • Kambalda Conc (Nickel West)
Slide 7: Only ASX listed Kambalda explorer/developer
Only ASX listed Kambalda explorer/developer 6 Past Nickel Production^: Pre-WMC sale vs Total Life of Mine to date use only 4.3% IGO – Long Shaft 4.1% >440,000t nickel metal mined^ 3.9% after exit by WMC 342 203 3.7% MCR – Widgie/Nth Kamb For personal 3.5% Ni % 3.3% 101 PAN – Lanfranchi 467 676 3.1%
Slide 8: Baker-Foster: 3.0Mt @ 3.0%Ni
Baker-Foster: 3.0Mt @ 3.0%Ni (90,600t Ni)* 7 Significant existing infrastructure = low capital cost For personal use only Discovery success >77km drilling to date Baker deposit: discovery to Ore Reserve in ~ 2 years 70,100t* Ni metal added @ $0.24/lb Ni^ De-risking Existing Mining Leases, mi
Slide 9: De-risking Baker
De-risking Baker ~25km of drilling For personal use only 8 Refer to ASX announcement dated 22/01/2024
Slide 10: Baker's High Grade
Baker’s High Grade 9 Significant intercepts (>1.0% Ni) For personal use only Diamond 12.75m @ 7.21% 6.30m @ 7.86% RC 14.0m @ 4.72% 14.0m @ 6.49% 9.0m @ 5.22% 6m @ 4.66% 4.0m @ 6.60% 5.0m @ 5.81% Refer to ASX announcement dated 22/01/2024
Slide 11: Baker PFS: Grade underpins robust project
Baker PFS: Grade underpins robust project = “Sprint Capacity” 10 Pre-Production Capex: $18.6M Payback: 0.7 Years* At May 2023 prices Sensitivity +/-10% For personal use only NPV8 Ni price or grade: +/-$35M Pre-tax: $164M Operating Cost: +/-$16M Post tax: $121M Pre-prod capex: +/-$2M Operating Costs
Slide 12: Silver Lake: Long South Gap seismic surveys
Silver Lake : Long South Gap – 2D and 3D seismic surveys 11 Thick succession of ultramafic For personal use only Significant shear/fault recorded Located potential channel Now use 3D to refine target Goal to locate Ni sulphide accumulation Refer to ASX announcements dated 20/11/2023 & 22/01/20
Slide 13: Gold in the Foster Belt
Gold in the Foster Belt 1^ 12 • LM8 owns majority of gold rights at FBA For personal use only Lunnon Metals FBA boundary • St Ives/Kambalda is a world-class Ni Foster Ni Baker gold camp in its own right • Over 15Moz of past gold production since early 1980s* • Foster-Cooee belt historical focus was
Slide 14: Kambalda's Amazing Potential
Kambalda’s Amazing Potential 13 Kambalda, still a World-Class Ni province Globally significant nickel camp For personal use only Unrivalled record of discovery Excellent local infrastructure & services Nickel supply chain certainty in Tier One jurisdiction Right assets, right location 4 hi
Slide 15: Lunnon Metals Overview
Lunnon Metals Overview 14 Liam Twigger Non-Executive Chair Edmund Ainscough Managing Director Corporate structure (ASX: LM8) 14 Feb 2024 only Deborah Lord 217.8m $0.250 ~$55m Ian Junk For personal useBoard Shares on issue Share price Market cap Non-Executive Director Non-Executive Director Ashley Mc
Slide 16: Appendices
This slide is 100% editable. For personal use only Adapt it to your needs and capture your audience’s attention. This slide is 100% editable. Appendices Adapt it to your needs and capture your audience’s attention.
Slide 17: Uses of Nickel
Uses of Nickel 16 Nickel: Central to Decarbonisation • Nickel possesses physical and chemical properties which make it a valuable alloying material, particularly with chromium and other For personal use only metals, to produce stainless steel and heat-resisting steel. • Nickel is used in solar (1.3k
Slide 18: Important Notice - Competent Persons Statement
Important Notice 17 The information in this report that relates to nickel and gold geology, nickel Mineral Resources, Exploration Target and Competent Persons Exploration Results, is based on, and fairly represents, information and supporting documentation prepared by Mr. Aaro n Wehrle, who is a Mem
Slide 19: Mineral Resources and Ore Reserves Reporting
Mineral Resources and Ore Reserves Reporting 18 This presentation contains references to Lunnon’s Ore Reserves and Mineral Resources, which are shown in a detailed breakdown below. Mineral Resources* as at 15 January 2024 For personal use only * Mineral Resources are inclusive of Ore Reserves; total
Slide 20: Baker PFS Key Financial Assumptions
Baker PFS Key Financial Assumptions 19 Price or Rate Assumption Unit Assumption Value (as at 18 May 23) Nickel Price1 US$/t 24,000 21,334 For personal use only Copper Price1 US$/t 7,500 8,302 Cobalt Price1 US$/t 40,000 34,930 Platinum Price1 US$/oz 850 988 Palladium Price1 US$/oz 1,250 1,356 AUD:USD
Slide 21: Major Operating Costs
Major Operating MAJOR Costs OPERATING COSTS 20 FIRST PRINCIPLES, BENCHMARK & RFQ* APPROACH Unit Cost Total LOM Unit Cost Item For personal use only (A$/lb Ni contained A$ Million (A$/t Ore Mined) in concentrate)1 Mining 131.2 214 3.73 Processing (including Surface Haulage)2 46.1 75 1.31 General & Ad
Slide 22: PFS Financial Outcomes
PFS FINANCIAL PFS Financial Outcomes # OUTCOMES# 21 140,000 160,000 Measure Unit Outcome 120,000 140,000 Nickel Contained in Concentrate Ni t 15,970 120,000 Average Ni Sold Per Annum t Ni pa 4,100 For personal use only 100,000 Post tax Free Cash Flow (A$M) Cumulative Con Production (t) 100,000 Gross
Slide 23: Prior ASX Announcements
Prior ASX Announcements 22 This presentation contains references to Lunnon’s Exploration Results and previous announcements. The information in this presentation that relates to previous Exploration Results has been extracted from the following Lunnon ASX announcements, where full details including