Anax Metals Limited · ASX:ANX
Anax Metals — Investor Presentation (October 2022)
27 slides from Anax Metals's investor presentation, Oct 10, 2022
Slide 1: Sustainable Copper Project and Processing Hub in the Pilbara
SUSTAINABLE COPPER PROJECT AND PROCESSING HUB IN THE PILBARA ASX:ANX – October 2022
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by Anax Metals Limited (the Company) based on information from its own, and third-party sources and is not a disclosure document. No party other than the Company has authorised or caused the issue, lodgement, submission, despatch or provision of this pr
Slide 3: Company Strategy
COMPANY STRATEGY Technology driven development and growth DELIVERY Delivering shareholder value from advanced assets using smart technology – Beginning with the Whim Creek Copper-Zinc Project EXPLORATION Exploring for extensions to known copper/zinc/gold mineralisation at Whim Creek and also for sig
Slide 4: Copper – Growth Driven by an Electric Future
COPPER – GROWTH DRIVEN BY AN ELECTRIC FUTURE Quantity of copper in projects sanctioned since 2007 40% of future demand growth is from green technologies 2007 - 2012: 2013 - 2017: 2018 – 2021: 203 projects sanctioned 75 projects sanctioned 67 projects sanctioned 18 Green Consumption CAGR 2,800 14,000
Slide 5: The Copper Supply Side Challenge - A Great Opportunity
THE COPPER SUPPLY SIDE CHALLENGE - A GREAT OPPORTUNITY Increasingly The “Economies stringent ESG of A shortage of requirements Scale” dilemma – quality, large- have gone from declining grades 10-15 YEARS Only three new scale probable being a ‘nice to require larger BETWEEN Australian copper projects
Slide 6: Sustainable Pilbara Copper - Whim Creek
SUSTAINABLE PILBARA COPPER - WHIM CREEK Project Highlights1, 2 SUSTAINABLE PILBARA Free Cashflow of COPPER Pre-production capital $291M WITH EXPLORATION cost estimate of $55M UPSIDE US$20M Debt Funding ANX 80% / Develop 10,000-11,000 tpa Cu Package from Anglo Global Limited 20% - American subject to
Slide 7: Pilbara Base Metals Deposits
PILBARA BASE METALS DEPOSITS Company Name Source Document's Sabre Resources https://www.asx.com.au Artemis Resources: https://wcsecure.weblink.com.au Whundo https://www.asx.com.au Munni Munni https://www.alienmetals.uk Whundo Ayshia https://www.asx.com.au Develop: https://wcsecure.weblink.com.au Kan
Slide 8: Company Milestone Achievements Since November 2020 Re-listing
COMPANY MILESTONE ACHIEVEMENTS SINCE NOVEMBER 2020 RE-LISTING 1,2 MILESTONES Re-listed and commenced trading on ASX – $2M raised (66.7m shares @ $0.03 per share) November 2020 Whim Creek 80% Acquisition for $4M Earn-in and $3M cash 80% Earn-in to Whim Creek Project complete – further $500k expended
Slide 9: Company Board and Management
COMPANY BOARD AND MANAGEMENT Meet Our Team CHAIRMAN NON-EXECUTIVE DIRECTOR NON-EXECUTIVE DIRECTOR MANAGING DIRECTOR Phillip Jackson Peter Cordin Phil Warren Geoff Laing (Barrister and Solicitor) (Civil Engineer) (Charted Accountant) (Chemical Engineer) Anax Metals Management Team Andrew McDonald - M
Slide 10: Company Board and Management Capital Structure
COMPANY BOARD AND MANAGEMENT 55% CAPITAL STRUCTURE 6% SHARES ON ISSUE 405.6M 6% 15% 7% 11% MARKET CAP $0.06 $25.1M JETOSEA PTY LTD Directors HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED J P MORGAN NOMINEES AUSTRALIA PTY LIMITED CASH ~ $7.32M BEARAY PTY LTD Other (As at June 2022) NTA (CASH + LISTED ~ $
Slide 11: Development Strategy
DEVELOPMENT STRATEGY PHASE I PHASE II PHASE III A centralized processing hub Immediate organic growth through Consolidation of regional assets through underpinned by high grade open pits Anax’s satellite high grade the provision of multi purpose processing Whim Creek Copper-Zinc Project underground
Slide 12: The Anax Flowsheet – Using Technology to Deliver a Robust Project
THE ANAX FLOWSHEET – USING TECHNOLOGY TO DELIVER A ROBUST PROJECT ▪ Open pit mining from developed pits – critical mass at Mons Cupri and Mons Cupri OP Whim Creek with significant underground “sweeteners” at Salt Creek Whim Creek OP Evelyn OP and Evelyn ▪ Highest grades in the upper portion of the d
Slide 13: Mons Cupri Pit Design
MONS CUPRI PIT DESIGN Cu ≥ 0.3% + Residual Zn ≥ 1.0%, colored by Cu Mons Cupri 2021 Scoping Study Production Target: ▪ 2.4 Mt @ 1.15% Cu, 1.55% Zn, 0.65% Pb, 31 g/t Ag and 0.20 g/t Au 13
Slide 14: Whim Creek Pit Design
WHIM CREEK PIT DESIGN CuEq ≥ 0.3 (CuEq = Cu + 0.13 x Zn) Whim Creek 2021 Scoping Study Production Target: • 0.7 Mt @ 1.54% Cu and 1.17% Zn 14
Slide 15: Evelyn Base Metals Deposit – Growing into an Underground
EVELYN BASE METALS DEPOSIT – GROWING INTO AN UNDERGROUND 15
Slide 16: Salt Creek Base Metals Deposit
SALT CREEK BASE METALS DEPOSIT ▪ Updated Salt Creek Resource Estimate: • Copper Domain: 1.72 Mt @ 1.73% Cu (Cu ≥ 0.80%, Zn < 2.50%) • Zinc Domain: 1.03 Mt @ 8.86% Zn, 2.70% Pb, 63 g/t Ag and 0.33 g/t Au (Zn ≥ 2.50%) ▪ 35,700 T contained Copper (up by 99%) and 95,000 T Contained Zinc (up by 22%) ▪ In
Slide 17: Site Crushing Ore Sorting
SITE CRUSHING ORE SORTING 3D Model 17
Slide 18: Plant
PLANT 3D MODEL 18
Slide 19: Whim Creek Copper - Zinc Project
WHIM CREEK COPPER - ZINC PROJECT 1,2 ▪ Production Target (92% of which is in the Measured or Indicated Resource Category) that underpins mining and processing for a period of 5 to 7 years ▪ Particle sorters to upgrade ore with pre-concentrate to be processed through a 320ktpa concentrator constructe
Slide 20: Key Production/Financial Charts
KEY PRODUCTION/FINANCIAL CHARTS 1,2 Sources of Revenue Operating Cost Profile Treatment and Refining 23% Processing Other 15% Silver Gold 7% Lead 7% 4% 6% Shipping 9% Copper Mining Zinc 55% Crushing and 42% 28% Sorting 4% 1 Reported on a 100% Project Basis. Anax has an 80% interest in the project an
Slide 21: Employing Innovation to Enhance Project Economics and Reduce Carbon Footprint
EMPLOYING INNOVATION TO ENHANCE PROJECT ECONOMICS AND REDUCE CARBON FOOTPRINT ▪ High grade deposits deliver lower carbon consumption per tonne of metal ▪ Particle sorting delivers a 50% reduction in material milled and dispatched to tailings - >22 MWh reduction in energy consumption - >50% reduction
Slide 22: Whim Creek Project Development Update
WHIM CREEK PROJECT DEVELOPMENT UPDATE Key Near-Term Milestones Next Steps • Definitive Feasibility Study • Exploration • Identification of long lead Drilling • FID • Construction equipment Q2 Q4 Q1 Q2 / Q4 2022 2023 22
Slide 23: Whim Creek Project - Exploration
WHIM CREEK PROJECT - EXPLORATION ▪ Located in highly prospective Archean granite- greenstones of the Pilbara region, encompassing the width of the Whim Creek Greenstone Belt, the Whim Creek Project is perspective for - orogenic, structurally controlled gold - conglomerate-hosted gold - iron oxide co
Slide 24: Whim Creek Project Exploration
WHIM CREEK PROJECT EXPLORATION ▪ Anax has defined deep-seated structures bounding the tenure to the northwest and southeast as the focus of exploration ▪ 3D structural modelling has generated new potential for exploration ▪ 2021 regional UltraFine+™ soil sampling has defined clear geochemical target
Slide 25: Whim Creek – Environmental Site Improvements
WHIM CREEK – ENVIRONMENTAL SITE IMPROVEMENTS ▪ Whim Creek is subject to an Environmental Protection Notice (EPN) ▪ EPN Risks and site improvements were fully disclosed in the Company’s prospectus dated 18 September 2020 ▪ These works will facilitate site improvement, ultimately intended to meet curr
Slide 26: Why Invest in Anax Metals?
WHY INVEST IN ANAX METALS? DELIVERY ▪ Sustainable Pilbara Copper ▪ 10,000-11,000 tpa Cu (eq) production ▪ Achievable pre-production capital cost estimate of $55 million ▪ Free Cashflow of $291M ▪ Debt Funding - US$20M from Anglo American (subject to the DFS) EXPLORATION ▪ Significant exploration pro
Slide 27: Thanks
THANKS Contact: Geoff Laing (Managing Director) Address: Ground Floor West, 20 Kings Park Road E-mail: info@anaxmetals.com.au Phone: +61 8 6143 1840 Website: www.anaxmetals.com.au 27