Element 25 Limited · ASX:E25
Element 25 — Clean Energy Metals Virtual Investor Conference August 2023
26 slides from Element 25's conference presentation, August 2023
Slide 1: Element 25 Limited Investor Update
Element 25 Limited Investor Update Building a World-Class Battery Grade Manganese business Clean Energy Metals Virtual Investor Conference August 2023 ASX:E25
Slide 2: Disclaimer
Disclaimer This presentation contains only a brief overview of Element 25 Limited and its associated entities (“Element 25") and their respective activities and operations. The contents of this presentation, including matters relating to the geology of Element 25's projects, may rely on various assu
Slide 3: Corporate Summary
Corporate Summary ASX Ticker: E25 Introduction: Issued Shares: 218M Growing the world class Butcherbird Manganese Mine in Western Australia to produce high quality Share Price: A$0.43 manganese oxide concentrate and ethical supply of battery grade High Purity Manganese Sulphate Market Cap: A$94M Mon
Slide 4: Experienced Owners Team
Experienced Owners Team BOARD OF DIRECTORS Experienced Board & Management Seamus Cornelius Justin Brown John Ribbons Fanie van Jaarsveld Sam Lancuba Chairman Managing Director Non-Executive Director Non-Executive Director Non-Executive Director Lawyer Geologist CPA Analytical Chemist Chemical Engine
Slide 5: Our Strategic Vision
Our Strategic Vision… 1 Mt per annum concentrate Stage 1 Stage 2 Engineering design and costing in progress using DMS option Stage 4 365Kt per annum MnSO4 Expansion Stage 3 Pilot plant in production, preparing Battery Grade MnSO4 (HPMSM) expansion plan to full scale plant Long term - multiple HPMSM
Slide 6: Traditional Manganese Alloys & Critical Battery Raw Material
Traditional Manganese Alloys & Critical Battery Raw Material Mn ALLOYS HPMSM - EV FUEL A key raw material Used in steel, alloys and for Electric Vehicle (EV) Batteries aluminium products. E25 New approach to improve High silica concentrate HPMSM ESG credentials suitable for Si-Mn alloys Manganese Co
Slide 7: Large long mine life manganese concentrate operation
100% E25 Large long mine life manganese concentrate operation owned, long term tenure. E52/2350 M52/1074 Granted Mining Lease Measured & Indicated Resources are the basis Simple Logistics for the 42-year Base Case -7-
Slide 8: Very simple geology equals low-cost, low impact manganese units
Very simple geology equals low-cost, low impact manganese units Classification Tonnes (Mt) Mn (%) Contained Mn (Mt) RESOURCE GROWTH POTENTIAL Resource 263 10.0 20.8 • Enough resource base for multi- Reserve 50.6 10.3 5.22 decade long expansion pathway. • Can produce concentrate, battery grade HPMSM
Slide 9: Stage 1: Project Delivery Complete – Engineering Optimisation Progressing
Stage 1: Project Delivery Complete – Engineering Optimisation Progressing Process Water Storage Tails Storage ROM Stocks Main Access Road Ore Stockpiles Feedstock for HPMSM conversion Processing Plant -9-
Slide 10: Our Goal – Zero Carbon High Purity Manganese
Our Goal – Zero Carbon High Purity Manganese… Stage 1 First production of manganese concentrate to sell to manganese alloy manufacturers Multi-stage growth Stage 2 potential Expansion of the concentrate production to produce manganese feedstock to convert to MnSO4 Stage 3 Establishing a conversion f
Slide 11: New Energy Vehicle Demand Growing Strongly
New Energy Vehicle (NEV) Demand Growing Strongly Umicore chemistries addres More vehicles of total equals more batteries! Light-duty EV CAM d Global CAM demand (GWh) 2,400 LDV only – Chemistry split ~25% U CAGR a m d 1,300 ~75% to d a 400 Mn ~25% 2022 2026 2030 NMC/NCA, Manganese-rich LF(M)P Referen
Slide 12: The Battery Industry is Looking to Manganese
The Battery Industry is Looking to Manganese Manganese Rich Cathode chemistries help to solve supply, ESG and supply security challenges Mn Reference: Volkswagen, Stellantis, Tesla, CPM Group, Morgan Stanley Research, Bloomberg New Energy Finance Umicore Capital Markets Day 2022 Reference: Benchmark
Slide 13: Manganese, the battery raw material supply chain solution?
Manganese, the battery raw material supply chain solution? PDAC 2023 Keynote Speaker “…manganese (is) the single most critical mineral for batteries right now,” he said. “How many companies outside of China make manganese commercially for a battery right now? Which is the hottest metal for batteries
Slide 14: Low cost, efficient HPMSM process – significant improvements
Low cost, efficient HPMSM process – significant improvements… The Element 25 Process makes significant changes & improvements… Problems with Current Technologies • Large volumes of waste residues • Toxic Reagents • Inefficient • Higher Cost • Outdated processing technology Reagents/Cost Carbon Emiss
Slide 15: Targeting Zero Carbon Manganese – ESG is integral to our thinking
Targeting Zero Carbon Manganese – ESG is integral to our thinking • LCA covers Scope 1,2 and 3 emissions from mining through Global Warming Potential Existing producers often use high energy processes to the proposed USA-based HPMSM processing plant. like electrowinning and/or toxic reagents like fl
Slide 16: Expansion of Conversion Capacity – Multiple Plants Planned
Stage 3 Expansion of Conversion Capacity – Multiple Plants Planned EU JP KR Feasibility Study Site: Louisiana USA US Mn Concentrate Feedstock (33% Mn): Up to 1M tonnes per annum manganese MY concentrate production planned at the Butcherbird Project in Western Australia. • E25 manganese concentrate i
Slide 17: Inflation Reduction Act 2022 – What’s Changed?
Inflation Reduction Act 2022 – What’s Changed? Summary of Impacts on Battery Supply Chains •Reform to EV tax credit ($7,500) •requires vehicles to meet sourcing requirements for: Critical Minerals ($3,750) Battery Components ($3,750) • 40% of battery raw materials, by value, to be • 50% of battery c
Slide 18: Potential Production Plant Site – Ascension Parish Louisiana
Potential Production Plant Site – Ascension Parish Louisiana Pre-FID Activities Underway with local Engineering & Construction Contractors: • Conducting detailed assessments of the viability of the proposed site. • Focusing on local content where possible. • Negotiating partnerships with local reage
Slide 19: Proposed Production Plant – Ascension Parish Louisiana
Proposed Production Plant – Ascension Parish Louisiana Ore Storage Processing Train 2 Processing Train 1 Product storage and despatch - 19 -
Slide 20: Feasibility Study - compelling economics
Feasibility Study - compelling economics
Slide 21: Offtake & Financing – Stellantis & General Motors
Offtake & Financing – Stellantis & General Motors USD$30M equity prepay & USD$85M senior debt • Binding agreements signed for offtake and funding. • Binding agreements signed for offtake and funding. • Key commercial terms include: • Key commercial terms include: • Five (5) year HPMSM supply commitm
Slide 22: Project Financing Strategy – Building the Capital Stack
Project Financing Strategy – Building the Capital Stack Multiple funding pathways being actively negotiated: US$30M $15M Equity & $15M Prepay • US$115M secured through GM and Stellantis deals. Binding documents executed • Discussions in progress with other potential offtake partners. US$85M Senior d
Slide 23: Our Strategic Vision
Our Strategic Vision… 1 Mt per annum concentrate Stage 1 Stage 2 Engineering design and costing in progress using DMS option Stage 4 365Kt per annum MnSO4 Expansion Pilot plant in production, preparing expansion plan to full scale plant. Stage 3 Battery Grade MnSO4 (HPMSM) Strong OEM support –signed
Slide 24: Thank you
Thank you For more information, please contact Element 25 Limited: +61 8 6375 2525 admin@e25.com.au www.element25.com.au ASX:E25
Slide 25: Reserves and Resources
Reserves and Resources Maiden Ore Reserve1 Category Tonnes (Mt) Mn (%) Contained Mn (Mt) • 89% conversion of measured and Proved 14.4 11.5 1.65 indicated resources to reserve. Probable 36.2 9.8 3.56 • Maiden Reserve only exploits Total 50.6 10.3 5.22 approximately 20% of global Global Mineral Resour
Slide 26: Competent Person’s Statement
Competent Person’s Statement The information in this presentation that relates to Exploration Results is based on information compiled by Mr Justin Brown who is a full-time employee of the Company and is a member of the Australasian Institute of Mining and Metallurgy. Justin Brown has sufficient exp
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