Castle Minerals Ltd · ASX:CDT
Castle Minerals — Investor Presentation (July 2023)
22 slides from Castle Minerals's investor presentation, Jul 13, 2023
Slide 1: Charging Ahead: The Kambale Graphite Project
For personal use only Charging Ahead The Kambale Graphite Project July 2023 1
Slide 2: Disclaimer & Competent Person Statement
Disclaimer & Competent Person Statement Cautionary Statement - This presentation does not constitute investment advice. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any
Slide 3: Why Graphite?
Why Graphite? • A ‘Critical Mineral’ for achieving ‘Net Zero’ emissions. • Lithium-Ion Batteries (“LiB”) dominate EV batteries and stationary power For personal use only storage units. • LiB anode almost entirely graphite (flake or synthetic) • Graphite unlikely to be substantially substituted in ne
Slide 4: >200 Gigafactories
>200 Gigafactories For personal use only Tesla’s Berlin Gigafactory achieves 5,000 vehicles in one week in March 2023 – just one year after opening. 4
Slide 5: A Lot of Graphite Will Be Needed!
A Lot of Graphite Will Be Needed ! • >200 ‘gigafactories’ (LiB manufacturing plants) built, being built or planned. Annual global light duty vehicle sales forecast For personal use only • Gigafactories much faster to build than mines are to find, develop and ‘qualify’. • Many more new mines needed.
Slide 6: Looming Graphite Supply Deficit
Looming Graphite Supply Deficit For personal use only 2025: Forecast deficit and possible graphite price inflection point as anode offtake surpasses traditional uses? 6
Slide 7: Why Castle?
For personal use only WHY CASTLE?
Slide 8: Maiden MRE: 1.41Mt Contained Graphite
Maiden MRE: 1.41Mt Contained Graphite Classification Tonnes (kt) Contained TGC TGC (%) (5% TGC Cut-Off) (kt) For personal use only Indicated 5,979 542 9.1% Inferred 9,632 863 9.0% Total 15,611 1,405 9.0% Independent JORC Code 2012 Mineral Resource Estimate (Refer ASX release 12 April 2023) • Extensi
Slide 9: Stacking Up Nicely
Stacking Up Nicely For personal use only Kambale Graphitic Schist Zones and Mineral Resource Estimate Model (Refer ASX release 12 April 2023) Mineralisation from surface. Open at depth. Robust, thick intercepts 9
Slide 10: Searching For The Next Graphite Deposit
Searching For The Next Graphite Deposit…. Reconnaissance mapping and state-of- Heading out to start another the-art Loupe EM geophysics campaign day’s LOUPE EM surveying. just completed to identify any obscured For personal use only graphite occurrences within broader 149km2 tenure. Outline of April
Slide 11: Test Work Progressing Well
Test Work Progressing Well Phase 1 - Completed • Achieved dominantly fine flake (<75um) concentrate grade of up to 96.4%TC (approx. commercial grade) and recovery of <88%. For personal use only • Used conventional crush, grind and flotation cycles. • 3x composited trench samples - 12.56%, 16.09% and
Slide 12: Strong Development Credentials
Strong Development Credentials • Minimal infrastructure capital requirements: • ‘Clean Green Energy’ grid power from 400MW Bui hydro dam. For personal use only • Quality sealed and unsealed roads. Plentiful water. • Daily commercial flights from Accra to Wa. Kambale Graphite Project • Favourable min
Slide 13: Social Licence to Operate
Social Licence to Operate • MD and in-country team has 14yrs successful local operational experience. • Acting and communicating respectfully, transparently, inclusively and For personal use only constructively with all stakeholders. • Honouring and awareness of traditions, heritage and rural practi
Slide 14: Fast-Track Evaluation to Meet Forecast Supply Deficit
Fast-Track Evaluation to Meet Forecast Supply Deficit • Considerable progress in last 18 months • Expected milestones in 2H 2023: For personal use only Updated MRE. Phase 2 test work. Specialist assessment of concentrate for BAM. Scoping Study commencement. Development / offtake partnershi
Slide 15: Corporate
Corporate Michael Atkins 1,124.5M 205.5M 36.0M For personal use only Non-Executive Chair (Corporate & Finance) Ordinary Shares (CDT) Options Listed (CDTO & Options (Unlisted) CDTOA) Stephen Stone Managing Director A$14.7M A$2.6M A$12.1M (Corporate & Geology) Market Cap ($0.013/ share) Working Capita
Slide 16: Why Castle?
Why Castle? Kambale Graphite Project: Robust 15.6Mt at 9.0%TGC (“MRE”) = 1.4Mt. MRE upgrade August 2023: Infill drilling just completed. For personal use only Test work: Phase 2 test work well advanced and proceeding well. Excellent infrastructure: Hydro-generated (“green”) grid power nearby
Slide 17: Considerable Value Compressed Into Modest Market Capitalisation
Considerable Value Compressed Into Modest Market Capitalisation “The Kambale graphite project is rapidly emerging as a credible proposition at a time when graphite is now For personal use only firmly on the Critical Minerals list and a supply deficit looks likely.” “Castle’s investors can look forwa
Slide 18: Thank You
For personal use only Thank You Contact: Stephen Stone, Managing Director stone@castleminerals.com admin@castleminerals.com Mb +61 (0) 418 804 564 or Ph +61 8 9322 7018 ASX: CDT 18
Slide 19: Appendix
For personal use only APPENDIX
Slide 20: Ghana: Quality Gold Assets
Ghana: Quality Gold Assets 100% Carlie Mining Limited • One of largest consolidations (4,392km2) of Birimian geology tenure in West Africa. • Adjacent to Azumah Resources Limited’s Wa Gold Project For personal use only (2.8Moz Mineral Resource and 1.1Moz Ore Reserve)1. Royalty: • 4% NSR on Azumah’s
Slide 21: Australia: Future Metals & Gold Projects
Australia: Future Metals & Gold Projects “Castle has accumulated an enviable position in the rapidly For personal use only emerging Earaheedy Basin base metals province where Rumble Resources Limited has made a Tier- 1 scale, open-ended SEDEX and MVT-style zinc-lead-copper discovery.” “Polelle / Wan
Slide 22: Australia: Other Battery Metals Projects
Australia: Other Battery Metals Projects “Castle has moved quickly in Western Australia to participate in the forecast increases in demand for graphite and lithium for use in the electric vehicle and power storage sectors.” For personal use only Wilgee Springs (Lithium) Woodcutters (lithium) Kendenu