Waratah Minerals Limited · ASX:WTM
Waratah Minerals — Benchmark World Tour, Hong Kong 2018
19 slides from Waratah Minerals's conference presentation, Sep 10, 2018
Slide 1: Mozambique – Real Opportunity
Mozambique – Real Opportunity Benchmark World Tour Hong Kong 10th September 1
Slide 2: Corporate Overview
Corporate Overview Share Price Jeff Dowling Ben Van Roon Non-Exec Chairman Chief Operating Officer David Flanagan Tony Walsh Managing Director Company Secretary & GM Corporate Brett Smith Jeff Dawkins Non Exec Director Chief Financial Officer Gilbert George Naomi Scott Non Exec Director Country Dire
Slide 3: Project 1 Montepuez
Project 1 Montepuez Montepuez Graphite Project 2 VES (First Module) Annual graphite production 45,000 – 50,000pa Capex (pre-production) US$51.2 M Opex (concentrate/t)7 US$378/t Grade processed 12% TGC Plant Type and Scale Modular, ~500ktpa Projected Payback ~2 years5 Net Operating Cash Flow ~US$20 M
Slide 4: Permanent Camp Construction - on track
Permanent Camp Construction - on track 4
Slide 5: Plant Site Earthworks – on track
Plant Site Earthworks – on track 5
Slide 6: May 2018 Satellite Image
May 2018 Satellite Image Elephant Deposit Buffalo Deposit Plant Site Camp Warthog Prospect Tailings dam Haul Road 6
Slide 7: Project 2 Balama
Project 2 Balama Balama Graphite Project 2 Scoping Study Annual graphite production 50,000 – 55,000pa Capex (pre-production) US$50 M Opex (concentrate/t)6 US$372/t Grade Processed 10.6% TGC Plant Type and Scale Modular, ~550ktpa Projected Payback <1.5 years5 Net Operating Cash Flow >US$30 Mpa5 Metal
Slide 8: Production Profile – Significant opportunity
Production Profile – Significant opportunity 8
Slide 9: Graphite Market – Large growing market
Graphite Market – Large growing market 9
Slide 10: Current Projects
Current Projects Project Description Status Montepuez Graphite Produce 50,000tpa @ >96% TGC • DFS, VES, Detailed eng. , Camp, Roads and plant site CPL Project stage 1 OPEX cost FOB Moz USD $372/t • Tailings Dam wall and earthworks will be complete by December 2018, 50,000tpa, planning CAPEX remainin
Slide 11: Next Steps
Next Steps 1. Complete Montepuez project finance 2. Award remaining construction contracts 3. Urbix, Anode and other downstream test work 4. Resource and reserves, exploration update 5. Balama Feasibility Study Results 6. Start mining processing and exporting 7. Vanadium and other minerals explorati
Slide 12: APPENDICES
APPENDICES • BMI-Graphite Price Trend Jan 2016 to July 2018 - Montepuez • BMI-Graphite Price Trend Jan 2016 to July 2018 - Balama Central • CRU-Historical Vanadium Pricing • Mineral Resources, Reserves, disclaimer, Competent person statements 12
Slide 13: BMI – Montepuez Basket Price Jan16 - June18
BMI – Montepuez Basket Price Jan16 - June18 Graphite commodity prices have steadily improved since March/April 2017 Montepuez: Battery Minerals - Flake Graphite Concentrate Sizing Flake size Flake size % of Flake size TGC grade (mesh) (micron) concentrate Fine -100 Mesh 0 - 150 71.9% 97.0% Medium +1
Slide 14: BMI - Balama Basket Price Jan16 to June18
BMI - Balama Basket Price Jan16 to June18 Balama Central Graphite Project ▪ Higher Jumbo and Large flake product ▪ Higher basket price of circa US$1,220/t Balama Central Battery Minerals - Flake Graphite Concentrate Sizing Flake size Flake size % of Flake size TGC grade (mesh) (micron) concentrate F
Slide 15: Montepuez Ore Reserves and Mineral Resources
Montepuez Ore Reserves and Mineral Resources • Ore Reserve Estimate January 2017 for Buffalo and Elephant deposits is 41.4Mt @ 8.80% TGC for 3.64Mt of graphite reported at a cut-off grade of 4% TGC • Total Mineral Resource July 2018 and January 2017 for Elephant and Buffalo deposits is 115.6Mt @ 7.5
Slide 16: Montepuez Mineral Resource Statement
Montepuez Mineral Resource Statement Total Mineral Resource July 2018 and January 2017 for Elephant and Buffalo Elephant deposits is 115.6Mt @ 7.51% TGC for 8.62Mt of graphite reported at a 2.5% TGC cut-off ELEPHANT RESOURCE @ 2.5% TGC cut-off – July 2018 Contained Tonnes TGC Classification Type Gra
Slide 17: Balama Central Mineral Resource
Balama Central Mineral Resource (1) Total Mineral Resource for Balama Central is 32.9 million tonnes at 10.2 per cent TGC for 3.36Mt of graphite reported at a 6.0% TGC cut-off and includes Indicated Resources of 26Mt @ 10.3% TGC for 2,733Kt of graphite reported at a 6.0% TGC cut-off BALAMA CENTRAL G
Slide 18: Vanadium pricing last 20 years - CRU
Vanadium pricing last 20 years - CRU 18
Slide 19: Disclaimer & Competent Persons Statement
Disclaimer & Competent Persons Statement Forward Looking Statements published data for which Competent Persons consents were periodic and continuous disclosure announcements lodged with obtained. Their consents remain in place for subsequent releases the ASX, which are available on the Battery Miner
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