Waratah Minerals Limited · ASX:WTM
Waratah Minerals — Argus Metals Conference 2019
32 slides from Waratah Minerals's conference presentation, Feb 28, 2019
Slide 1: Battery Minerals Limited - Argus Metals Conference
Battery Minerals Limited Argus Metals Conference 1 February 2019 1
Slide 2: Board, Management and Capital Structure
Board Management Share Price for last 12 months Jeff Dowling Ben Vanroon Non-Exec Chairman Chief Operating Officer David Flanagan Nick Day Managing Director Chief Financial Officer Brett Smith Nick Stephens Non Exec Director Head of Marketing Naomi Scott Capital Structure Gilbert George Non Exec Dir
Slide 3: Graphite in Electric Vehicles - VW
Graphite in Electric Vehicles- VW
Slide 4: Benchmark Intelligence - Megafactory Capacity - Oct 2018
Benchmark Intelligence - Megafactory Capacity - Oct 2018
Slide 5: Benchmark Minerals Intelligence - Megafactory Capacity Oct 18
Benchmark Minerals Intelligence – Megafactory Capacity Oct 18
Slide 6: Benchmark Minerals Intelligence Flake Supply - Demand Balance
Benchmark Minerals Intelligence Flake Supply - Demand Balance 6
Slide 7: Montepuez Graphite Project - Phase 1
Montepuez Graphite Project - Phase 1 Montepuez Graphite Project 1 (First Module) Capex to complete 4 US$39.5 M C1 Opex (concentrate/t first 10yrs) US$361/t Grade processed 11% TGC (12% for first 18yrs) Plant Type and Scale Modular, ~500ktpa Projected Payback <2 years EBITDA per annum1 >US$30 Mpa Met
Slide 8: Montepuez Graphite Project - Resources & Reserves
PrMontepuez Graphite Project - Resources & Reserves Montepuez Graphite Project1 November 2018 Ore Reserve Estimate Deposit Ore type Ore (Mt) TGC (%) Weathered 3.58 8.31 Buffalo Fresh 16.80 10.06 Subtotal 20.38 9.75 Weathered 2.41 8.39 Elephant Fresh 19.41 8.87 Subtotal 21.82 8.82 Weathered 5.98 8.34
Slide 9: Buffalo Deposit - RC Grade control - complete
Buffalo Deposit - RC Grade control - complete
Slide 10: Tailings Storage Facility (TSF) - Wall Complete
Tailings Storage Facility (TSF) - Wall Complete
Slide 11: Plant Site Earthworks - Complete
Plant Site Earthworks - Complete Primary Crusher Mine Services Area Plant Offices, Workshops and Laboratory Milling Area Drying and Product Stores Process Plant 7
Slide 12: Construction and Operations Camp - Complete
Construction and Operations Camp - Complete • 100 man construction camp completed in March 2018 • 100 man permanent camp completed mid November 2018 Construction and Operations Camp - Complete • 100 man construction camp completed in March 2018 • 100 man operations camp completed mid November 2018
Slide 13: Pemba Port
Pemba Port • Port Allocation approved: at Pemba Port for 100,000tpa of graphite concentrate • Pemba Port: 8-12m deep berthing water, capacity 3 – 4Mtpa cargo and goods • Vessels : Geared. 30,000t to 40,000 vessels, Container and break bulk facilities • Shipping Route: Vessel availability as required
Slide 14: Montepuez Project Main Camp - Complete
Montepuez Project Main Camp - Complete 6
Slide 15: Balama Central Graphite Project - Feasibility Study
Balama Central Graphite Project - Feasibility Study Balama Central Graphite Project Feasibility Study Dec 2018 Annual graphite production 58,000pa Capex (pre-production) US$69.4 M Opex (concentrate/t first 8 yrs) US$363/t Grade Processed 12.5% TGC Plant Type and Scale Modular, ~550ktpa Projected Pay
Slide 16: Balama Central Graphite Project - Feasibility Study
Balama Central Graphite Project - Feasibility Study Total Mineral Resource 2 Domain Type Tonnage TGC Cont. Graphite Mt % kt Weathered 3.2 15.7 498 High Grade GS1 Primary 9.1 15.7 1,429 (>10% TGC) Sub-Total 12.3 15.7 1,927 Weathered 4.2 6.9 288 Medium Grade (6 Primary 16.4 6.9 1,142 to 10% TGC) Sub-T
Slide 17: Battery Minerals - Production Profile
Battery Minerals - Production Profile Montepuez Montepuez Montepuez Montepuez Addition of Balama Balama Central 1 250,000 Stage 2 and Central1 Stage 2 Ramping $1,600.00 First Exports Ramping Up Stage 2 and Stage 2 and Beyond Ramping Up To 50,000 TPA Balama Stage 1 Balama Stage 1 Up To 200,000 TPA 20
Slide 18: Purification and Spheroidisation Testwork
Purification and Spheroidisation Testwork • Testwork programme undertaken by Urbix Montepuez flake identified with high crystallinity, ultra low Boron content, unique flake morphology and URBIX Purification technology together opening potential • Progress todate new markets • Purification success wi
Slide 19: Community Engagement - on track
Community Engagement - on track 9
Slide 20: Project Finance progress
Project Finance progress 1. Independent Technical Report completed on Montepuez Graphite Project implementation plan 2. Independent Marketing Report completed on graphite market, offtake and price forecasts 3. 12 potential financiers (banks and funds) have signed CAs and are reviewing information in
Slide 21: Next Steps
Next Steps 1. Complete Montepuez project finance 2. Complete detailed engineering and procurement 3. Award remaining construction contracts 4. Urbix, Anode and other downstream ScopingStudy 5. Construct process plant and remaining infrastructure 6. Start mining processing and exporting 7. Investigat
Slide 22: Appendices
Appendices • Current Projects Summary • Mineral Resources, Reserves, • Lithium ion Batteries • Disclaimer • Competent person statements
Slide 23: Montepuez project Summary
23 Montepuez project Summary Element Description Process Engineering “Lowest Risk” modular design philosophy. DFS + VES + Detailed engineering and advanced execute commenced. Crushing plant already on site and commissioned. Construction Construction has started. 100 person village constructed and co
Slide 24: BMI - Montepuez Basket Price Jan 16 to Jan 19
BMI - Montepuez Basket Price Jan 16 to Jan 19 Montepuez Graphite Project ▪ Higher Fines flake product ▪ Robust basket price of circa US$1,064/t1 Balama Central Battery Minerals - Flake Graphite Concentrate Sizing Flake size Flake size % of Flake size TGC grade (mesh) (micron) concentrate Fine -100 M
Slide 25: Balama Project Summary
25 Balama Project Summary Element Description Process Engineering “Lowest Risk” modular design philosophy. Concept Study, Scoping Study, Feasibility Study complete. Production Mining fleet and plant design structured for conservative delivery of required tonnages. Project 58ktpa, XXX/t OPEX, XXX/t c
Slide 26: BMI - Balama Central Basket Price Jan 16 to Jan 19
BMI - Balama Central Basket Price Jan 16 to Jan 19 Balama Central Graphite Project ▪ Higher Jumbo and Large flake product ▪ Higher basket price of circa US$1,106/t1 Balama Central Battery Minerals - Flake Graphite Concentrate Sizing Flake size Flake size % of Flake size TGC grade (mesh) (micron) con
Slide 27: Offtake with Key Graphite Processors in China & USA
Offtake with Key Graphite Processors in China & USA Group Term / Description Comments Amount Qingdao Guangxing 3 years One of China’s largest graphite groups Annual production: Electronic Materials 10ktpa Researches & develops, manufactures and sells graphite products including spherical graphite, f
Slide 28: Montepuez - Ore Reserve Estimate
Montepuez - Ore Reserve Estimate Montepuez Graphite Project - November 2018 Ore Reserve Estimate Deposit Ore type Class Ore (Mt) TGC (%) Weathered Probable 3.58 8.31 Buffalo Fresh Probable 16.80 10.06 Subtotal Probable 20.38 9.75 Weathered Probable 2.41 8.39 Elephant Fresh Probable 19.41 8.87 Subtot
Slide 29: Balama Central Project Reserves
Balama Central Project Reserves Probable Ore Reserve Estimate (6% TGC cut-off grade) Pit Ore type Ore (Mt) TGC (%) Lennox Weathered 3.36 11.09 Fresh 8.19 11.70 Total 11.55 11.52 Byron Weathered 2.08 10.18 Fresh 6.02 10.49 Total 8.11 10.41 Total Weathered 5.44 10.74 Fresh 14.21 11.19 Total 19.66 11.0
Slide 30: Group Mineral Resource Statement
Group Mineral Resource Statement Total Mineral Resource As of October 2018 for the Montepuez and Balama Central Projects is 152.6Mt @ 8.5% TGC for 13.03Mt of graphite reported at a 2.5% and 6% TGC cut-off respectively. Battery Minerals Group Mineral Resource Estimate1 (2.5% - Montepuez, 6% - Balama
Slide 31: $Billion Opportunity from Graphite
Billion Dollar Opportunity from Graphite $Billion Opportunity from Graphite
Slide 32: Forward Looking Statements
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, resources or Minera