Triton Minerals Limited · ASX:TON
Triton Minerals — FNN Investor Series – Sydney 2017
30 slides from Triton Minerals's conference presentation, Dec 12, 2017
Slide 1: Developing World Class Projects for the Expanding Graphite Market
For personal use only DEVELOPING WORLD CLASS PROJECTS FOR THE EXPANDING GRAPHITE MARKET Developing World Class Projects for the Expanding Graphite Market Completing Development Milestones on Ancuabe – DFS, Offtake, EPC FNN INVESTOR SERIES – SYDNEY – 12 DECEMBER 2017 OCTOBER 2017 PETER CANTERBURY – M
Slide 2: Disclaimer and Competent Persons Statement
DISCLAIMER AND COMPETENT PERSONS STATEMENT This presentation has been prepared by Triton Minerals Limited (Triton or the Company) and has been prepared for information purposes only. This presentation contains general and For personal use only background information about the Company’s activities cu
Slide 3: Disclaimer and Competent Persons Statement
DISCLAIMER AND COMPETENT PERSONS STATEMENT The Scoping Study referred to in this presentation has been undertaken to determine the potential viability of an open pit mine and graphite processing plant, constructed adjacent to the Ancuabe T12 and T16 deposits, and to reach a decision to proceed with
Slide 4: Triton Minerals Overview
TRITON MINERALS OVERVIEW For personal use only • World Class Assets - Triton holds a portfolio of advanced projects in Mozambique’s graphite region • Near Term Production – Robust economics and aiming for first production in H2 2019 at our flagship Anucabe project • Delivering on Strategy - Highly e
Slide 5: Corporate Overview
CORPORATE OVERVIEW For personal use only Corporate Overview Share Price Performance and Daily Volume Shares on Issue 768.9M Share Price (30 Nov 17) $0.079 Market Capitalisation $60.7M Unlisted Options* 54.5M Listed Options ** 87.4M Performance Rights*** 20.0M * 4.5M at $0.27 expiry January 2018; 50M
Slide 6: Experienced Board and Management Team
EXPERIENCED BOARD AND MANAGEMENT TEAM For personal use only Board of Directors Xingmin (Max) Ji Chairman of Minjar Gold and CEO for the Shandong Tianye Australia Group. , Mr Ji led the substantial investment in Triton. Boasts more than 20 years of Non Executive Chairman experience in the finance and
Slide 7: Mozambique
MOZAMBIQUE An advanced graphite region with a stable mining jurisdiction & supportive government For personal use only Tanzania • Population 29 million Cabo Delgado • Main language Portuguese • Resources output from Graphite, Coal, Malawi and Zambia Pemba Aluminum and Gold Montepuez Balama Ancuabe •
Slide 8: Mozambique – Cabo Delgado
MOZAMBIQUE – CABO DELGADO Engaged Community with Good Infrastructure and Local Workforce For personal use only TRITON MINERALS | ASX: TON 8
Slide 9: What's Important for Graphite
WHAT’S IMPORTANT FOR GRAPHITE For personal use only Carbon purity: Flake graphite concentrates with a greater carbon purity receive a premium price because they require less processing to remove disruptive impurities Mesh size: • Similar to high carbon purity grades, larger mesh sizes demand a premi
Slide 10: Transformation in Graphite
TRANSFORMATION IN GRAPHITE The EV Revolution will create unprecedented Expandable Graphite Demand driven by For personal use only demand for raw materials Environmental and Legislative Changes TRITON MINERALS | ASX: TON 10
Slide 11: Graphite Market
GRAPHITE MARKET For personal use only Industry commentators remain bullish for graphite pricing and demand – WHY? • Catalyst is Li-ion batteries in EV – auto majors now entering the industry: “The global energy landscape is changing. Traditional centres of demand are being overtaken by fast-growing
Slide 12: Graphite Market - Gigafactories
GRAPHITE MARKET - GIGAFACTORIES For personal use only • Independent Market Analysis indicates that future demand growth will far outstrip demand over recent years • Whilst China dominates current growth projects – the global wave of growth in EVs is coming TRITON MINERALS | ASX: TON 12
Slide 13: What Does This Mean for Natural Flake Graphite?
WHAT DOES THIS MEAN FOR NATURAL FLAKE GRAPHITE? For personal use only To meet the demand alone from Li-Ion Batteries Natural Flake Graphite production will have to double even under conservative EV market forecasts by 2025 Independent data indicates that natural graphite has much more growth potenti
Slide 14: Graphite Market – Not Only EVs
GRAPHITE MARKET – NOT ONLY EVs STATIONARY STORAGE DEVICE (SSD) GROWTH TO BOOM For personal use only • Stationary energy storage market is overlooked but represents a market with significant growth potential (Cairn ERA 2017) • By 2020 at least 50% of the new UPS systems will be Li-ion Stationary Stor
Slide 15: Graphite Market Price Update
GRAPHITE MARKET PRICE UPDATE • Unlike Lithium and Cobalt - Graphite prices have only just started to move from For personal use only historical lows • Price rises have occurred over all flake sizes – however supply of large flake high purity graphite is scarce • Are we now seeing the beginning of th
Slide 16: Expandable Graphite: Triton's Main Target Market for Ancuabe
EXPANDABLE GRAPHITE: TRITON’S MAIN TARGET MARKET FOR ANCUABE For personal use only Expandable Graphite continues to establish itself as a key material in future flame retardant materials Possesses superior properties in the slowing of combustion and without the carcinogenic side-effects of substitut
Slide 17: Focussing on Expandable Graphite
FOCUSSING ON EXPANDABLE GRAPHITE For personal use only PRODUCT QUALITY • Ancuabe graphite has an optimal mix of large and jumbo flake and high TGC concentrate • Ancuabe product has a higher purity, and expandable at levels significantly above Chinese domestic production MARKET OPPORTUNITY • The expa
Slide 18: World Class Portfolio of Graphite Assets
WORLD CLASS PORTFOLIO OF GRAPHITE ASSETS Projects For personal use only Project Portfolio Ancuabe: Industry leading flake size distribution, Mkt cap €800m 110 kV Power purity and expandability ANCUABE Container Nicanda Hill: One of the worlds largest flake Port graphite/vanadium deposits BALAMA MONT
Slide 19: Ancuabe Project
Ancuabe Project Premium Flake for Expandable Graphite Market For personal use only • Located in a proven graphite region adjacent to AMG’s Ancuabe graphite mine Infrastructure • Excellent logistical access to power, roads, water and port • JORC Indicated + Inferred Resource: 44.4Mt at 6.6% TGC with
Slide 20: Nicanda Hill Project
Nicanda Hill Project World’s Largest Graphite Resource For The EV Market Infrastructure • Approximately 240km by road from Pemba Port For personal use only Resource • World’s largest flake graphite deposit • Restated JORC Resource 1.43 Bt at 11.1% TGC • Includes Indicated Mineral Resource Estimate o
Slide 21: Nicanda West Project
Nicanda West Project Premium Flake for Expandable Graphite Market Infrastructure • Approximately 240km by road from Pemba Port For personal use only Resource • JORC Inferred Resource: 30.0Mt at 6.6% TGC with further scope to increase Metallurgical • Composite flotation testwork showed approximately:
Slide 22: Ticking the Development Boxes
TICKING THE DEVELOPMENT BOXES Ancuabe scoping study completed April 2017, showed robust economics For personal use only DFS undertaken by independent consultants with significant experience in East Africa and graphite – completion December 2017 Offtake and Marketing MOU with Qingdao Haida Grap
Slide 23: Accelerated Project Development
ACCELERATED PROJECT DEVELOPMENT Aiming for first production in 2019 For personal use only Timeline Milestone Major resource upgrade Q1 2017 - Scoping study completed, DFS commenced, all major consultants appointed Q3 2017 Appointed Technical and Marketing Advisor in China to undertake testing
Slide 24: Project Overview
PROJECT OVERVIEW For personal use only TRITON MINERALS | ASX: TON 24
Slide 25: Investment Highlights
INVESTMENT HIGHLIGHTS For personal use only The demand for Lithium Ion Batteries is unstoppable according World Class Assets to Roskill, a globally recognised voice in graphite High quality graphite from a proven graphite region with excellent infrastructure and stable mining jurisdiction Near Term
Slide 26: Undervalued Relative to Peer Group
Undervalued Relative to Peer Group Contained Graphite Triton is trading at the lowest Enterprise Value For personal use only (Mt) /Contained Graphite multiple in comparison to peers despite: Project portfolio ideally suited to meet the forecast growth in the expandable and battery markets Exec
Slide 27: Thank You
THANK YOU For personal use only PETER CANTERBURY MANAGING DIRECTOR TRITON MINERALS | ASX: TON 27
Slide 28: Appendices
APPENDICES For personal use only TRITON MINERALS | ASX: TON 28
Slide 29: EV and the Battery Market
EV AND THE BATTERY MARKET For personal use only • Anode prices rising due to both demand and supply drivers • Auto majors all upping EV targets – China’s 5 year plan alone calls for 5 million EV’s by 2020 • VW, Mercedes, BMW, Nissan & Toyota each form strategic EV partnerships • South Korean flake i
Slide 30: Graphite Market Demand Update - Summary
GRAPHITE MARKET DEMAND UPDATE - SUMMARY December 2017 For personal use only • Rapid Lithium-ion growth being driven by EV demand followed by stationary storage applications • Natural graphite finally following Li2O3 and cobalt price trends • Increased Chinese regulation and environmental issues are