Neometals Ltd · ASX:NMT
Neometals — Investor Presentation (May 2022)
45 slides from Neometals's investor presentation, May 16, 2022
Slide 1: Greener Battery Materials Corporate Presentation
For personal use only Greener Battery Materials Corporate Presentation | May 2022 Authorised for release by Christopher Reed, ASX Code: NMT | AIM Code: NMT | Frankfurt: 9R9 | OTC Code: RDRUY Managing Director of Neometals
Slide 2: Disclaimer
DISCLAIMER Summary information: Not financial product advice: For personal use only This document has been prepared by Neometals Ltd (“Neometals” or “the Company”) to This document is for information purposes only and is not financial product or investment provide summary information about the Compa
Slide 3: Executive Summary
EXECUTIVE SUMMARY Neometals is an emerging, sustainable For personal use only battery materials producer. 3 business units Underpinned by ESG commitment. Focus on continuous Strong, growing team supporting energy proprietary, green, Recycling and development and with track-record of transition in th
Slide 4: Core Business Snapshot
CORE BUSINESS SNAPSHOT TWO PROJECTS REACHING FID IN 2022 For personal use only Lithium-ion Vanadium Lithium Battery Technology Recovery Chemicals Recycling Evaluating a 50:50 JV via RAM 50:50 Incorporated JV Evaluating a 50:50 JV (70% NMT/30% MIN) Partners Projects FID: 50tpd – SepQ 22 FID: End 2022
Slide 5: Green Battery Materials Portfolio
GREEN BATTERY MATERIALS PORTFOLIO FOCUS ON EUROPE AND NORTH AMERICA EMERGING AS WORLDS 2ND AND 3RD BIGGEST BATTERY PRODUCING REGIONS For personal use only AIM: NMT ASX: NMT | ASX: NMT neometals.com.au 5
Slide 6: Experienced and Growing Team
EXPERIENCED AND GROWING TEAM For personal use only Steven Cole Chris Reed Dr Natalia Streltsova Dr Jennifer Purdie Les Guthrie Doug Ritchie Chair Managing Director / CEO Paul Wallwork Jason Carone GM – Marketing and Michael Tamlin Darren Townsend Company Secretary / Product COO/Lithium CDO/Vanadium
Slide 7: Neometals Track Record
NEOMETALS TRACK RECORD For personal use only ASX: NMT | OTC:RDRUY | AIM: NMT ~A$768MM 2022 Shares on Issue m 548.4 market capitalisation(2) Share Price(1) A$ 1.40 1st Commercial Market Cap A$m 768 LiB-R facility Cash(4) A$m 65.2 opens Debt A$m - AIM Investments(4) A$m 46.5 Listing Shareholders # ~14
Slide 8: Lithium-Ion Battery Recycling
For personal use only LITHIUM-ION BATTERY RECYCLING Intellectual Property Holding Company 100% Neometals (SMS group earning 50%) Primobius GmbH – Commercialisation Incorporated 50:50 JV with SMS group AIM: NMT ASX: NMT | ASX: NMT neometals.com.au 8
Slide 9: Issue and Need
ISSUE NEED PARTICIPANTS IN THE BATTERY VALUE CHAIN LARGE OPPORTUNITY FOR SUNRISE ARE SEEKING SOLUTIONS TO REDUCE CO2 AND HYDROMETALLURGICAL RECYCLING PROVIDERS SATISFY REGULATORY / MORAL OBLIGATIONS For personal use only • Solution to OEM’s needing to meet proposed regulations • Strategic supply cha
Slide 10: Market – Requires ST Capacity and LT Scale
MARKET – REQUIRES ST CAPACITY AND LT SCALE For personal use only PRIMOBIUS’ DEVELOPMENT READINESS DOVETAILS WITH AN EXPLOSION OF EV AND CELL MANUFACTURING PLANTS AND LARGE VOLUMES OF END-OF-LIFE EVS MID-DECADE NEED MORE PLANTS AND BIGGER PLANTS Source: Benchmark Mineral Intelligence (Gigafactory cel
Slide 11: Primobius Solution
PRIMOBIUS SOLUTION NEOMETALS PROCESSING TECHNOLOGY BACKED BY LEADING GERMAN PLANT BUILDER, SMS GROUP For personal use only SAFE, ENVIRONMENTALLY-FRIENDLY PROCESS PRODUCING HIGH PURITY, LOW CARBON BATTERY MATERIALS AIM: NMT ASX: NMT | ASX: NMT neometals.com.au 11
Slide 12: Financial Metrics
FINANCIAL METRICS AACE CLASS 4 ENGINEERING COST STUDY ESTIMATES, ±25% ACCURACY, MAY 2021 US$165M CAPEX FOR 50 TONNE PER DAY* – 18,250 TONNE PER ANNUM BATTERY CAPACITY For personal use only *For further information, refer to ASX release dated 7th May 2021 – “Lithium Battery Recycling - Outstanding Co
Slide 13: Flexible Business Models
FLEXIBLE BUSINESS MODELS MULTIPLE REVENUE GENERATION OPPORTUNITIES VIA FLEXIBLE OPERATING MODEL For personal use only • Target industrial-scale feed volumes direct from OEMs • Primobius JV to execute global rollout • Primobius underpinned by large delivery partner (SMS group) with ability to guarant
Slide 14: Status - Commercial Pipeline
STATUS - COMMERCIAL PIPELINE FIRST SHREDDING COMMERCIAL OPERATIONS PENDING H1 2022. PIPELINE OF ADDITIONAL COMMERCIAL OPPORTUNITIES MATURING For personal use only Commercial Operations 10tpd Shredder 10tpd Integrated* 50tpd Integrated 50tpd Integrated 50tpd Integrated Plant Type Shredding Shredding/
Slide 15: Mercedes-Benz
MERCEDES-BENZ COOPERATION AGREEMENT WITH MERCEDES-BENZ (LICULAR GMBH)* For personal use only • Primobius selected to provide LICULAR engineering, supply and installation of equipment for a 2,500tpa Recycling Plant; • Primobius will enter into a long-term research and development collaboration to rec
Slide 16: Stelco
STELCO TECHNOLOGY LICENSE AND JV OPTION (≤50%) WITH STELCO IN NORTH AMERICA* For personal use only • Steel Company of Canada (Stelco) transitioning to EAF production (greener steel) • EAF needs scrap steel, EOL vehicle recycling is key source of scrap feed for Stelco • More EOL vehicles are EV, lith
Slide 17: Indicative Timeline
INDICATIVE TIMELINE DEMONSTRATION TRIALS FOR FEASIBILITY COMPLETE AND AACE CLASS 3 ENGINEERING COST STUDY FOR 50TPD INTEGRATED (STAGE 1 & 2) OPERATION ON TRACK FOR COMPLETION BY END OF JUNE 2022 For personal use only AIM: NMT ASX: NMT | ASX: NMT neometals.com.au 17
Slide 18: Investment Case
INVESTMENT CASE For personal use only Auto OEMs and Batterymakers Require a LiB Recycling Solution 1 Global volume of ‘end of life’ LIBs available for recycling expected to grow at 18.8% per annum over the next ~10 years(1). Highlighted by Stelco whole of vehicle recycling business model. Environmen
Slide 19: Vanadium
For personal use only VANADIUM Vanadium Recovery Process Technology 100% Neometals Vanadium Recovery Project 1 - Finland Evaluating a 50:50 Incorporated JV with Critical Metals Ltd AIM: NMT ASX: NMT | ASX: NMT neometals.com.au 19
Slide 20: Issue and Need
ISSUE NEED • EU in supply deficit and totally reliant on Russian feedstock • EU domestic sustainable sources of this critical battery material For personal use only • World reliant on Chinese production but it is a net importer! • Low or zero carbon supply footprint required by EU • High purity mate
Slide 21: Neometals Solution
NEOMETALS SOLUTION UNIQUE VANADIUM RECOVERY PROCESSING TECHNOLOGY TO SUSTAINABLY For personal use only PRODUCE HIGH-PURITY GRADE VANADIUM WITH LOWEST CARBON FOOTPRINT CO2 Na2CO3 CONSTRUCTION PRODUCTS Slag SSM(1) • Utilise stockpiled by-product of the Scandinavian steel industry COMMINUTION LEACH AND
Slide 22: Current Status
CURRENT STATUS SUCCESSFUL PILOT TRIALS COMPLETE, PROCESSING SITE SECURED, FEASIBILITY STUDY NEARING COMPLETION, MOU FOR BY-PRODUCT OFFTAKE For personal use only PROJECT 1 – PORI, FINLAND (VRP1) • Neometals funding evaluation to FID for the recovery of vanadium using NMT’s proprietary eco-friendly hy
Slide 23: Robust Financial Metrics – No Mining Risk
ROBUST FINANCIAL METRICS – NO MINING RISK SALE OF HIGH PURITY V TO BATTERY INDUSTRY PLUS BY-PRODUCTS TO INDUSTRIAL For personal use only APPLICATIONS. SUPPORTED BY LOWEST QUARTILE COSTS AND ESG CREDENTIALS Vanadium Recovery Project Source: TTP Squared – Cost Curve, Neometals Management – Mineral Con
Slide 24: Business / Revenue Model
BUSINESS / REVENUE MODEL FLEXIBLE GROWTH MODEL WITH MULTIPLE POTENTIAL REVENUE STREAMS For personal use only 1 Produce high-purity Vanadium Pentoxide (V2O5) targeting EV/ESS supply chain from SSAB, H2 Green Steel and other third-party feeds V Products LOI with Betolar to offtake SSM for ‘Geoprime’ 2
Slide 25: Indicative Timeline
INDICATIVE TIMELINE FUNDED TO FID. CLASS 3 FEASIBILITY AND CUSTOMER PRODUCT TRIALS UNDERWAY IN PARALLEL WITH ENVIRONMENTAL PERMITTING IN FINLAND For personal use only AIM: NMT ASX: NMT | ASX: NMT neometals.com.au 25
Slide 26: Investment Case
INVESTMENT CASE For personal use only Strong Fundamentals for low-carbon Vanadium in EU 1 Forecast supply / demand imbalance for Vanadium with demand upside from new lithium vanadium battery cathode chemistries and Vanadium redox flow batteries Piloted, environmentally-friendly Technology – PCT/EU 2
Slide 27: Key Catalysts
KEY CATALYSTS NEOMETALS IS APPROACHING MULTIPLE FID’S WITH BUSY PERIOD OF CATALYSTS For personal use only Lithium-ion Vanadium Lithium Battery Recovery Chemicals Recycling 2H22: 2H22: 2H22: • ECS 50tpd integrated • Feasibility Study Results • Class 3 ECS • 10tpd Mercedes shredder PO • FEED Study • P
Slide 28: Sustainability
SUSTAINABILITY For personal use only Neometals is committed to optimising finite resources with circular practices to benefit society and the environment for a sustainable future. • Focus on production of sustainable battery materials - reducing reliance on mining with recovery and recycling • Comme
Slide 29: Company Highlights
COMPANY HIGHLIGHTS NEOMETALS IS AN ATTRACTIVE INVESTMENT For personal use only Growing portfolio of ESG-aligned, sustainable battery materials businesses with near-term decision points Proprietary green processing technologies underpin low-cost, low- carbon product Clear strategy to commercialise wi
Slide 30: Thank you
For personal use only ASX Code: NMT AIM Code: NMT neometals.com.au Thank you.
Slide 31: Appendices
For personal use only APPENDICES AIM: NMT ASX: NMT | ASX: NMT neometals.com.au 31
Slide 32: Corporate Dashboard
CORPORATE DASHBOARD NEOMETALS HAS SIGNIFICANTLY OUTPERFORMED THE ASX200, A$82M RETURNED VIA DIVIDENDS AND BUY BACKS IN THE LAST ~5 YEARS For personal use only ASX: NMT OTC:RDRUY Shares on Issue(1) m 548.4 Share Price A$ 1.40 12 MONTH SHARE PRICE PERFORMANCE Market capitalisation A$m 768 2.00 20,000
Slide 33: Lithium Chemicals
For personal use only LITHIUM CHEMICALS ELi ® Processing Technology Reed Advanced Materials (“RAM”) 70% Neometals / 30% Mineral Resources Ltd Lithium Chemicals Project - Portugal Co-funding evaluation of 50:50 JV with Bondalti Chemicals SA using ELi® Process AIM: NMT ASX: NMT | ASX: NMT neometals.co
Slide 34: Need and Opportunity
NEED OPPORTUNITY For personal use only LITHIUM NON-SUBSTITUTABLE IN LIB DEPLOY PROPRIETARY PATENTED ELI PROCESS EU HAS NO OPERATING LITHIUM DEPOSITS INTO EUROPE WITH STRONG LOCAL PARTNER LARGEST CONTRIBUTOR TO CO2 FOOTPRINT OF LIB • Grow global lithium production from lithium chloride (brine) deposi
Slide 35: Solution
SOLUTION UTILISES OFF-THE-SHELF For personal use only CHLOR-ALKALI ELECTROLYSERS BATTERY QUALITY LITHIUM CHEMICALS, NO IMPORTED SODA ASH/CAUSTIC SODA CAN UTILISE RENEWABLE POWER AND SEQUESTER CARBON SIGNIFICANT OPERATING AND CAPITAL COST ADVANTAGES AIM: NMT ASX: NMT | ASX: NMT neometals.com.au 35
Slide 36: Bondalti Partnership
BONDALTI PARTNERSHIP LEVERAGE BONDALTI’S STRONG EXPERIENCE IN CHLOR-ALKALI For personal use only EXTENSIVE INFRASTRUCTURE ENABLES FAST-TRACK EVALUATION AND PILOTING AT THEIR ESTARREJA CHEMICAL SITE Bondalti: • Largest Portuguese chemical producer - based in Estarreja chemical cluster • Seeking entry
Slide 37: Status / Next Steps
STATUS / NEXT STEPS FUNDED THROUGH PILOT PLANT TO CLASS 2 FEED STUDY For personal use only * AIM: NMT ASX: NMT | ASX: NMT neometals.com.au 37
Slide 38: Investment Case
INVESTMENT CASE For personal use only Unique Technology with 12 granted patents and 18 pending 1 Technology well guarded. Importantly the process has been proven at semi-pilot scale and supported by Feasibility Study economic evaluation. 2 Significant operating and capital cost advantage Recovery an
Slide 39: Barrambie Titanium and Vanadium
For personal use only BARRAMBIE TITANIUM AND VANADIUM Barrambie Titanium and Vanadium Project 100% Neometals AIM: NMT ASX: NMT | ASX: NMT neometals.com.au 39
Slide 40: Need & Opportunity
NEED & OPPORTUNITY CHINA IS HALF WORLD MARKET AND SWITCHING TITANIUM For personal use only PIGMENT PRODUCTION TO MORE SUSTAINABLE CHLORIDE PROCESS WORLD SUPPLY OF QUALITY CHLORIDE FEEDSTOCKS IN DECLINE, PRICES STEADILY INCREASING FOR LAST 5 YEARS • Chloride Pigment production requires high-grade fee
Slide 41: Neometals Solution
NEOMETALS SOLUTION SIMPLE TRUCK AND SHOVEL MINING FOLLOWED BY GRAVITY For personal use only SEPARATION TO PRODUCE MIXED CONCENTRATES FOR EXPORT TO CHINA FOR SMELTING OR FURTHER REDUCTION TO PRODUCE SEPARATE ILMENITE AND VANADIUM CONCENTRATES Off-taker Processing Intermediate Products Final Products
Slide 42: Status / Next Steps
STATUS / NEXT STEPS MOU FOR POTENTIAL 50:50 JV OPERATING JV WITH IMUMR1 (CHINA) MOU FOR OFFTAKE WITH TITANIUM SLAG PRODUCER JIUXING TITANIUM2 For personal use only COMPLETING PFS TO BENCHMARK NEGOTIATIONS FOR BUILD-OWN-OPERATE CONTRACTORS 1. for full details refer to ASX announcement entitled “MOU f
Slide 43: Investment Case
INVESTMENT CASE For personal use only Strong Demand/Supply Fundamentals for Titanium 1 China is transitioning from sulphate to more environmentally friendly and sustainable chloride titanium production, so securing access to cleaner, higher grade chloride feedstock is a strategic imperative. Large,
Slide 44: Mineral Resource Estimate
MINERAL RESOURCE ESTIMATE For personal use only AIM: NMT ASX: NMT | ASX: NMT neometals.com.au 44
Slide 45: Mineral Resource Estimate
MINERAL RESOURCE ESTIMATE Global Mineral Resource as at 17 April 20181 For personal use only Classification Tonnes (M) TiO2 (%) V2O5 (%) Indicated 187.1 9.61 0.46 Inferred 93.0 8.31 0.40 Total 280.1 9.18 0.44 High Grade V2O5 Mineral Resource at (0.5% V2O5 cut-off)2 Classification Tonnes (M) TiO2 (%)