Waratah Minerals Limited · ASX:WTM
Waratah Minerals — Battery Minerals — Africa Down Under 2019
30 slides from Waratah Minerals's conference presentation, September 2019
Slide 1: Battery Minerals Limited - Africa Down Under Conference Presentation
Battery Minerals Limited Africa Down Under Conference Presentation September 2019
Slide 2: Positioned to Rapidly Respond to Clean Energy Growth
Positioned to Rapidly Respond to Clean Energy Growth 1. Exposure to unprecedented growth in demand for graphite 2. Two world class, low cost, long life graphite projects; Montepuez is fully permitted and at an advanced stage of development 3. Potential for phased, market driven expansion to 200ktpa
Slide 3: Well Positioned for Development & Growth
Well Positioned for Development & Growth Graphite Further Value Our Projects Company Community Forward Plan 3
Slide 4: Graphite and its Importance
Graphite and its Importance 4
Slide 5: Clean Energy Will Drive Graphite Market
Clean Energy Will Drive Graphite Market VOLKSWAGEN • Will require 300 GWh1 of annual battery cell supply = approximately 220,000tpa Graphite • To invest €1 billion in battery cell production in Germany2 • To release 20 EV models over next 6 years2 VOLVO • All new vehicles launched after 2019 to be e
Slide 6: Graphite - the anode in Li-ion batteries
Graphite - the anode in Li-ion batteries Typical EV Battery Li+ Ion Multiple Small Cells Discharging Electrolyte Charging Li+ Ion Micro- Aluminium Copper porosity Conductor Conductor Separator Graphite Li Metal Anode Complex Cathode 6
Slide 7: Graphite - largest contributor by weight in a Li-ion battery
Graphite - largest contributor by weight in a Li-ion battery Porsche Cayenne E-Hybrid 16.8kg Volvo XC 90 T8 PHEV 12.5kg Hyundai Kona 47kg Rivian 216kg Tesla Model X 120kg 7
Slide 8: It's not just about Electric Vehicles
Refractory +41% It’s not just about Electric Vehicles Friction & Lubricants +26% Even in the short-term to 2023, a significant increase in demand is forecast in Expandables +49% traditional graphite sectors1. 1. Benchmark Mineral Intelligence 8
Slide 9: Clean Energy Will Drive Battery Minerals
Clean Energy Will Drive Battery Minerals Battery Minerals’ product flake size and carbon content, makes it suitable for a diversified market Graphite Demand by Sector 2018-2035 Source: Benchmark Mineral Intelligence 9
Slide 10: Graphite Supply & Demand
Graphite Supply & Demand BATTERY == Demand - Base Case || Operational supply 2.0 5 | | Highly Probable additonal tonnes Hl Probable additonal tonnes | Possible additonal tonnes 15 4 1.44 1.43 Point of potential large graphite supply shortfall 1.0 - Capital Market response is too slow for 0.5 4 deliv
Slide 11: Graphite Supply & Demand
Graphite Supply & Demand Graphite Demand/Supply tonnes 10000000 9000000 8000000 7000000 6000000 5000000 4000000 3000000 2000000 1000000 0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Supply - Existing Demand 11
Slide 12: Our Projects
BATTERY MINERALS Our Projects [gl BATTERY om
Slide 13: Our Projects
Our Projects Pemba Port: 8-12m deep berthing draft, 60km unsealed Capacity: 3 – 4Mtpa cargo and goods road Vessels: Geared - 30,000dwt to 40,000dwt vessels, 200km sealed road from 60km sealed road Pemba to town of Montepuez Shipping Route: Coastal shipping route between Durban and Dar es Salam Port
Slide 14: Montepuez Graphite Project – Stage 1
Montepuez Graphite Project – Stage 1 Montepuez Graphite Project Stage 1 Montepuez Graphite Project1 Production Output +50,000 tpa November 2018 Ore Reserve Estimate 3 Deposit Ore type Ore (Mt) TGC (%) Construction Capex US$39.0 M Weathered 3.58 8.31 C1 Opex (first 10yrs) US$361/t concentrate Buffalo
Slide 15: Montepuez Graphite Project - Status
Montepuez Graphite Project - Status The project is at an advanced stage of development; Montepuez 3D Plant Layout Concentration • Mining and environmental licenses approved Plant • Detailed engineering 70% complete • Key service vendors identified Milling and Sizing • Key long lead items procured an
Slide 16: Plant Site Earthworks - Complete
Plant Site Earthworks - Complete Mine Services Area Primary Crusher Plant Offices, Workshops and Laboratory Milling Area Process Plant Drying and Product Stores 16
Slide 17: Tailings Storage Facility (TSF) Wall - Complete
Tailings Storage Facility (TSF) Wall - Complete 17
Slide 18: 100 Man Camp - Complete
100 Man Camp - Complete BIDATTERY
Slide 19: Balama Central Graphite Project
Balama Central Graphite Project Balama Central Graphite Project Feasibility Study Dec 2018 Total Mineral Resource 2 Cont. Domain Type Tonnage TGC Production Output 58,000 tpa Graphite Capex (pre-production) US$69.4 M Mt % kt Opex (first 8 yrs) US$363/t concentrate Weathered 3.2 15.7 498 High Grade G
Slide 20: Community Engagement
BATTERY MINERALS Community Engagement [gl BATTERY 0
Slide 21: Building Sustainable Outcomes
Building Sustainable Outcomes TSF Wall Collaborating with Our Community in Medical and Educational Support to Help Build a Sustainable Future Supporting Local Clinic A Meeting of Leaders Supporting Education Fresh Water Boreholes Training, Safety and Health are a Primary Focus Supporting Local Farme
Slide 22: Further Value Potential
BATTERY MINERALS Further Value Potential [gl BATTERY mn
Slide 23: High Purity Flake and Anode Material Testwork
High Purity Flake and Anode Material Testwork • Testwork programme undertaken by Urbix in the USA • Preliminary spheroidization results; • Purification success with Urbix environmentally friendly, low • >75% recovery – typical industry recoveries 40% – 45% temp <80oC, non-HF process with no impact o
Slide 24: Our Company
BATTERY MINERALS Our Company [gl BATTERY a
Slide 25: Board and Executive Management
Board and Executive Management Share Price for last 12 months David Flanagan Ben Vanroon Chairman Chief Operating Officer Jeremy Sinclair Nick Day Managing Director Chief Financial Officer Daniel Taylor Jeff Dowling Head of Marketing Lead Independent Director Naomi Scott General Counsel Capital Stru
Slide 26: Forward Plan
BATTERY MINERALS Forward Plan [gl BATTERY 3
Slide 27: Positioned to Respond to Growing Diversified Graphite Market
Positioned to Respond to Growing Diversified Graphite Market Forward Plan Montepuez 3D Plant Layout 1. Montepuez Graphite Project Concentration • Finance the project Plant • Complete Engineering, Procurement and Award of Contracts • Construct and Commission (15 months from construction start) Millin
Slide 28: Clean Energy will Drive Battery Mineral Growth
Clean Energy will Drive Battery Mineral Growth 1. Exposure to growing traditional graphite markets, and unprecedented forecast demand growth driven by global transition to clean energy 2. Two world class, low cost, long life graphite projects; ideally located to existing infrastructure, with Montepu
Slide 29: www.batteryminerals.com
www.batteryminerals.com 29
Slide 30: Disclaimer
DISCLAIMER Forward Looking Statements • Statements and material contained in this Presentation, particularly • The information in this report that relates to Battery Minerals’ • Battery Minerals confirms that it is not aware of any new those regarding possible or assumed future performance, resource