Alpha Hpa Limited · ASX:A4N
Alpha Hpa — Investor Presentation (May 2021)
23 slides from Alpha Hpa's investor presentation, May 2021
Slide 1: The HPA First Project Precursor Production Facility (PPF)
wsetite Alp i PA ABN 79 106 879 690 THE HPA FIRST PROJECT PRECURSOR PRODUCTION FACILITY (PPF) ACCELERATING PRODUCTION
Slide 2: Forward Looking and Cautionary Statements
Forward Looking and Cautionary Statements Forward Looking Statements This document makes contains certain forward-looking statements with respect to the financial condition, results of operations, and business of the Company and certain plans and objectives of the management of the Company. These fo
Slide 3: HPA First Project: Precursor Production Facility (PPF)
HPA First Project: Precursor Production Facility (PPF) lpha HPA Precursor Production Facility (PPF) to accelerate production from the HPA First Project and capture demand for the Company’s high purity (5N) Al-precursor products in fast growing technology markets PPF to capture the immediate market o
Slide 4: 3D Schematic HPA First Project Precursor Production Facility
▪ ▪ ▪ ▪ 3D Schematic HPA First Project Precursor Production Facility 4 4
Slide 5: PPF: Key Rationale
PPF: Key Rationale The PPF is a compelling strategic and commercial opportunity to position Alpha HPA as a near-term manufacturer of ultra-high purity Aluminium precursors ACCELERATING PRODUCTION: Capitalising on strong existing demand for Alpha’s ultra-high purity precursors, within established end
Slide 6: HPA First Project: PPF Integration
HPA First Project: PPF Integration = The PPF to be constructed within the HPA First Project Footprint = To be incorporated into the Full Scale HPA First Plant as a dedicated unit for 5N Al-Precursor #2. PPF to be constructed within the HPA First Project footprint, and then incorporated into the full
Slide 7: HPA First Project: PPF cash flow
HPA First Project: The PPF is forecast to be immediately cash flow positive, producing both Al-Precursor # 1 and Al-Precursor #2 at ~17 metric tonnes per month, with cash flow margins expanding once the Full Scale HPA First Plant is in place. Post integration with the Full Scale HPA First Plant: Alp
Slide 8: HPA First Project: Estimated Free Cash Flow by Stage
HPA First Project: Alpha HPA Est. Annual Free Cash Flow Est. Annual Free Cash Flow 133M - $280M* Once the full scale HPA First Plant is in place the PPF will focus exclusively on eG psa ca Precursor #2 (cathode precursor) processing a high purity aluminium feed i directly from the full scale commerc
Slide 9: PPF: Process Flow Sheet
PPF: Process Flow Sheet = PPF will focus on the front end of the HPA First Process Flow Sheet Alpho HPA = Process Flow Sheet demonstrated with over 2,000 operating hours @O& @ mS Drying Calcination Milling Aluminium Solvent Crystallisation HPA Extraction Stage Pre-Cursor 9 Stage | | ‘SN Precursor #1
Slide 10: 5N Al-Nitrate (Al-Precursor #1)
5N Al-Nitrate (Al-Precursor #1): Multiple applications including: = Particle coatings: - including Li-B electrode particles LED-phosphor synthesis — focus on mini & micro LEDS’s Scintillators — optical laser crystals (YAG) Other applications including Graphite Photonics/Optics >, Dielectrics A tag }
Slide 11: 5N Al-Sulfate (Al-Precursor #2)
5N Al-Sulfate (Al-Precursor #2): For synthesis of aluminium-bearing, lithium-ion battery cathode active materials (CAM) Used in aluminium bearing cathode chemistries, ie: = NCA (eg: Tesla) = NCMA (eg: GM) NCA + NCMA chemistries forecast ~80% of all Li-B cathode by 2030 (UBS) Alpha HPA’s precursor co
Slide 12: PPF — Global Precursor Distribution Network
HPA First Project: PPF — Global Precursor Distribution Network = Alpha HPA has built a global distribution network for precursor sales into speciality markets and key technology markets Alpha HPA @ TECHNOLOGICA RHINELAND SPECIALTIES Gesellschaft fir High Tech Materialien und Verfahren mbH | specialt
Slide 13: PPF — Key Stakeholders
HPA First Project: PPF — Key Stakeholders = The PPF is supported by each of the following Key Project stakeholders Supply & Offtake Agreement reached to provide PPF yD) ORICA Reagents and by-product offtake Alpha HPA =, <n * PPF—-Front End Engineering and Design (FEED) PRUDENTIA ‘coxsviviso |) ¢ PPF
Slide 14: Full Scale HPA First Project: Status Update
Full Scale HPA First Project: Status Update July °19 - Mar °20: HPA First Pilot Plant - +2,000 hrs operation, > 300kg HPA Production Feb ’20: Chemical Counterparty Agreement with Orica — Gladstone Project Location Mar ’20 Definitive Feasibility Study - completed March 2020 Aug ’20: Offtake, marketin
Slide 15: Project Schedule: PPF Accelerates Production
Project Schedule: PPF Accelerates Production =~ Inclusion of the PPF accelerates production by >18 months Alpha HPA = Targeting full commercial scale production by late CY2023 2021 |PRECURSOR PRODUCTION FACILITY Regulatory Approvals PPF FEED PPF Construction Precursor Production [OFFSITE Regulatory
Slide 16: Board & Management
Board & Management " Norman Seckold Chairman 40+ years in the full time management of natural resource companies. Past Chairman and Director of listed companies including Bolnisi Gold NL, Timberline Minerals Inc., Perseverance Corporation Limited, Valdora Minerals NL, Palmarejo Silver and Gold Corp.
Slide 17: Corporate Snapshot
Corporate Snapshot TRADING INFORMATION ASX CODE A4N Share Price (28-05-2021) ~62c 52-week trading range 14c — 67.5c¢ Issued Shares 692.4M CAPITAL STRUCTURE Issued Shares 692.4M Unlisted options (@20c) 5.0M (expire 30 June 2021) Unlisted options (@20c)* 10.0M (expire 31 July 2022) Unlisted options (@
Slide 18: Capital Raising
Capital Raising: Placement to raise approximately $50M Funds to be applied to: 100% financing of the construction and operation of the HPA First — Precursor Production Facility Accelerating key component of the Front End Engineering and Design (FEED) for the full Commercial Facility Accelerating dep
Slide 19: Contacts
Contacts Rimas Kairaitis y Algha HPA Managing Director rkairaitis@alphalipa.commau WWW.alphahpa.com.au +61 408 414 474 Camerotr Peacock InvestOmRelations and Business Development cpeacock@alphahpa.com.au +61,439-908.732
Slide 20: Capital cost breakdown: indirects and process plant
Factored 900 Project Management, procurement, engineering$2,173,823 Factored 901 Construction Management $543,456 Basis WBS Area Description TOTAL Factored 902 Temporary Construction Facilities $90,576 Factored 903 Spares $181,152 1100 Feed Preparation $764,637 Factored 904 Commissioning $362,304 90
Slide 21: Variable Costs (AU$ pa)
AREA DESCRIPTION Amount FEED REAGENTS & TRANSPORT Total $911,963 UTILITIES Water - Potable $9,807 Water - Raw $0 Water Chemicals (boiler, cooling & demin water) $12,395 Power, (connection, demand, capacity charges) $0 Power, (usage) $0 Diesel - plant vehicles $1,461,919 Natural Gas - (dryers, calcin
Slide 22: Appendix 3: Typical Analysis
Appendix 3: Alpha HPA Typical Analysis MEICPO2 mgA_ <01 TOTAL RAPLRITIES (PPM 020 Ear 31 Party high purity Al-Nitrate Al-Nitrates AVERAGE A CONTENT (%) [7.15 Third party test work showing the absence of colour impurties in Alpha's Aknitrate in comparison to competitor products
Slide 23: Alpha HPA analysis table
Alpha HPA Analyte As Method ME-ICPO2 ME-Ms02 | ME-Ms02 | ME-ICPO2 [ ME-ICPO2 1502 [ ME-MSO2 ME-MSC2 Uni % ppm ppm ppm ppm ppm ppm Value 8.56, <oo1 | <0.001 | <1 <o1 |< <0.001 <0.001 y Cr C by f Method ME-MS02 | ME-MSO2 | MEICP02] ME-MS02[ ME-MS02[ ME-MSO2 ME-MSO2 02_| ME-MSC2 Unit ppm ppm ppm ppm pp