Image Resources Nl · ASX:IMA
Image Resources Nl — Mines & Money Online Connect 2021
22 slides from Image Resources Nl's conference presentation, Oct 20, 2021
Slide 1: Established, Profitable Australian Mining Company
For personal use only Established, Profitable Australian Mining Company Mines & Money Online Connect 19-21 October 2021 Patrick Mutz Managing Director Image Resources NL ASX: IMA 1
Slide 2: High Level Summary
For personal use only High Level Summary ASX Code IMA Share Price A$0.17 (27 Sep 2021) Market Cap A$169 million Cash on hand A$50 million (30 Sep 2021) Debt A$0 (effective Feb 2021) Dividend (inaugural) A0.02/share (paid April 2021) Revenue Net Profit After Tax CY2019 A$146m A$20.8m Revenue Net Prof
Slide 3: Transition to Mining
For personal use only Transition to Mining Image Resources is one of Australia’s newest mining companies Boonanarring Mineral Sands Project located 80km north of Perth Project construction 2018 (on-time and on-budget) 1st production Dec 2018 Product(s): Heavy Mineral Concentrate (HMC) cont
Slide 4: Keys to success
For personal use only Keys to success Location – mine located only 1 hour north of capital city of Perth in Western Australia High Grade – One of the highest grade projects of its kind in Australia Zircon Grade TiO2 Minerals Grade 2.4% >5% • Typical grades might be 0.3-0.4% zircon and 2.5% titan
Slide 5: Keys to success (continued)
For personal use only Keys to success (continued) Simple Business Model • Shallow open cut mining (contracted) • Simple gravity separation • Simple concentrate product sold in bulk shipments 100% of production committed under life-of-mine off-take agreements at market pricing Strong market pri
Slide 6: Focus on Growth and Sustainability
For personal use only Focus on Growth and Sustainability Image has 12 zircon/titanium projects in its 100%-owed portfolio • All projects are located in Western Australia within an area of 1,000 square kilometres • All have identified Mineral Resources under the JORC Code and two have Ore Reserves
Slide 7: Growth Strategy
For personal use only Growth Strategy Growth strategy; 4 components 1 of 4: Continue to use existing capital equipment to operate profitably Operations at Boonanarring will continue on existing Ore Reserves while the Atlas project is being developed Following depletion of Ore Reserves at Boona
Slide 8: Market Guidance
For personal use only Market Guidance 2020 2020 2021 Item Units Actual Guidance Guidance HMC Production kt 306 300-330 290-320 HMC Sales kt 311 300-330 300-320 Project Operating Costs A$m 90 100-110 90-100 C1 Cash Costs A$/t HMC sold 292 290-320 290-320 AISC Cash Costs A$/t HMC sold 337 340-370 340-
Slide 9: Growth Strategy (continued)
For personal use only Growth Strategy (continued) Growth strategy; 4 components 2 of 4: Look to develop a second mining centre to operate in parallel with existing operations Front-running project is 100%-owned Bidaminna project • 102 million tonnes Mineral Resources at 2.2% HM (see footnote) •
Slide 10: Growth Strategy (continued)
For personal use only Growth Strategy (continued) Growth strategy; 4 components 3 of 4: Investigate opportunities to invest in zircon/titanium projects outside of the current portfolio that are development ready and have substantial mine life • Potential to partially self-fund investments • Access
Slide 11: Growth Strategy (continued)
For personal use only Growth Strategy (continued) Growth strategy; 4 components 4 of 4: Investigate the potential for a profitable gold production centre on Image’s 100%-owned gold-focused tenements and adjoining current Farmin tenement • Farmin tenement has historic gold mineralisation and is sur
Slide 12: Image Resources – Beyond Operations
For personal use only Image Resources – Beyond Operations Social Licence and Sustainability Image looks forward to growing into a sustainable, mid-tier mining company Areas of specific focus beyond day-to-day mining and processing operations include: • Health, safety and well being of employees,
Slide 13: Community Engagement Program
For personal use only Community Engagement Program Image is proud of its active and varied community support and engagement program including significant local employment. At 30 Sep 2020 53% of the site workforce lives locally to the operation or within regional shires. Image Grand Opening was
Slide 14: Solar Farm at Boonanarring
For personal use only Solar Farm at Boonanarring 2.3 MWAC solar farm Construction and operation by Sunrise Energy Group Pty Ltd Located on Image owned land adjacent to Boonanarring processing plant Commissioned Sep 2020 and providing on average 25% of electricity requirements for mining and pr
Slide 15: Solar Farm at Boonanarring
For personal use only Solar Farm at Boonanarring Boonanarring WCP Brand Highway 15
Slide 16: Rehabilitation Snapshot: Before Mining – April 2018
For personal use only Rehabilitation Snapshot: Before Mining – April 2018 16
Slide 17: Rehabilitation Snapshot: During Mining – June 2019
For personal use only Rehabilitation Snapshot: During Mining – June 2019 17
Slide 18: Rehabilitation Snapshot: Backfilled – December 2019
For personal use only Rehabilitation Snapshot: Backfilled – December 2019 18
Slide 19: Rehabilitation Snapshot: hectares re-vegetated – August 2020
For personal use only Rehabilitation Snapshot: 13 hectares re-vegetated – August 2020 19
Slide 20: Carbon Sequestration Research
For personal use only Carbon Sequestration Research Australian Carbon Farming Initiative As part of its focus to reduce its carbon footprint, Image is investigating cooperative work with local landowners near its mining operation under the Australian Carbon Farming Initiative The goal is to supp
Slide 21: Why invest in Image Resources?
For personal use only Why invest in Image Resources? Summary Proven profitable mining operator Inaugural dividend paid in 2021; goal to continue annually Multiple 100%-owned projects in portfolio for future production Growth strategy includes: Continue with current operations and look to g
Slide 22: For further information
For personal use only For further information Image Resources NL info@imageres.com.au Office: +61 8 9485 2410 Ground Floor, 23 Ventnor Avenue West Perth, WA 6005 PO Box 469, West Perth, WA 6872 www.imageres.com.au 22
Image Resources NL — Mines & Money Online Connect 2021 on 6ix