Genmin Ltd. · ASX:GEN
Genmin — Investor Presentation (February 2024)
28 slides from Genmin's investor presentation, Feb 7, 2024
Slide 1: Equity Raising Presentation: An emerging producer of greener iron ore
An emerging producer of For personal use only greener iron ore. Up to A$28.3 million institutional placement and entitlement offer Not for release to US wire services or distribution in the United States Equity Raising Presentation February 2024
Slide 2: Important Notice
Important Notice This presentation is provided by Genmin Limited ACN 141 425 292 (Genmin or the Company). Statements in this presentation are made only as at the date of this presentation and the information in this presentation remains subject to change without notice. The information in this prese
Slide 3: Important Notice
Important Notice Not an offer of securities This presentation does not constitute an offer to sell, or a solicitation of an offer to buy any securities in any jurisdiction. The distribution of this presentation and the offer of securities is restricted in jurisdictions outside Australia. See the sec
Slide 4: Investment highlights
Investment highlights • Baniaka – Final investment decision stage iron ore project For personal use only • Cash flow targeted within 18 months ➢ Environmental approval received ➢ 20-year, large-scale Mining Permit received • Greener, higher value iron ore products with lower carbon intensity • Low c
Slide 5: Target Baniaka development timeline
Target Baniaka development timeline For personal use only Targeted financing Targeted commercial close production ✓ ✓ Power, ✓ ✓ rail & port Environmental Mining contracts Approval Permit CONSTRUCTION PHASE signed received granted 2024 +20Mtpa 2023 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2025 H1 aspiration 5
Slide 6: Board track record in African iron ore, strategic partner
Board track record in African iron ore, strategic partner Pre-Raising Capital Structure For personal use only Share price (last) A$ 0.18 Chair Directors Shares on issue M 451.5 Michael Arnett Giuseppe Ariti (CEO) John Hodder Market Capitalisation A$M 81.3 Salvatore Amico Brian van Rooyen Options on
Slide 7: Gabon, mature investment jurisdiction
Gabon, mature investment jurisdiction For personal use only • GDP of US$19.3B for 2023 • Sovereign Credit Rating at “B-” with outlook stable1 • Mature resources investment jurisdiction: • Ozouri oil field discovered in 1956 • Manganese production commenced at Moanda in 1962 • Dedicated Ministry of M
Slide 8: Gabon, peaceful regime change in August 2023
Gabon, peaceful regime change in August 2023 • Transitional president & government; proactive & well supported by population • Large scale, 20-year Mining Permit issued approximately 3 months after the For personal use only appointment of the transitional government • Business across all sectors ope
Slide 9: Mine to market solution, renewable energy & land logistics agreements in place
Mine to market solution, renewable energy & land logistics agreements in place For personal use only Grand Poubara Trans-Gabon Railway Owendo Mineral Port Hydropower Station Long-term power supply Long-term integrated rail & port Shareholders: agreement signed for green, agreement signed with AP Mol
Slide 10: Premium products, potential offtake with Tier 1 partners
Premium products, % potential offtake with Tier 1 partners Fe SiO2 Al2O3 P S LOI Lump 64.0 3.7 1.5 0.1 0.0 3.2 For personal use only Fines 64.8 3.6 1.3 0.0 0.0 2.5 • High iron grade, low deleterious Pellet Feed 66.4 3.5 0.6 0.0 0.0 0.8 elements Total Offtake MoUs Term Mtpa (Mt) • Fines improves Sint
Slide 11: Starter mine: 5Mtpa, 10-year life
Starter mine: 5Mtpa, 10-year life1 Financial Metrics Capex Cost Area US$M Metric Value For personal use only Accommodation village & processing facility Life of Mine 10 years 12.0 site preparation NPV8 US$391M Processing facility 82.0 IRR 38% Non-process infrastructure 21.7 Payback period 2.7 years
Slide 12: Equity Raising overview
Equity Raising overview Genmin is seeking to raise up to approx. A$28.3 million via the issue of up to approximately 282.7 million new fully paid ordinary shares (New Shares) Overview (the Equity Raising) The Equity Raising will consist of d For personal use only • A two-tranche placement to sophist
Slide 13: Sources & uses of funds
Sources & uses of funds Offer proceeds to advance Baniaka, corporate and general working capital, payment For personal use only of creditors, and via the Entitlement Offer subscription set-off, conversion of Tembo Capital loans to equity Sources of funds1 A$M Uses of funds A$M Cash at 31 December 20
Slide 14: Pro forma capital structure
Pro forma capital structure Existing (as Pro forma (assuming For personal use only Item Units at 31 total raise of December A$28.3M) 2023) Shares on issue M 451.5 734.2 Market capitalisation at Offer Price A$M 45.1 73.4 Options M 5.5 139.31 Performance rights M 3.8 3.8 Tembo loans A$M 8.1 Nil2 Cash
Slide 15: Equity Raising timetable
Equity Raising timetable Indicative Timetable Date For personal use only Announcement of Offer and lodgement of Prospectus with ASIC Wednesday, 7 February 2024 Settlement of New Shares issued under Tranche 1 Tuesday, 13 February 2024 Record date for the Entitlement Offer 4.00pm AWST on Tuesday, 13 F
Slide 16: Appendix A
For personal use only Appendix A 2025 16
Slide 17: Our values guide how we treat people & our decision making
Our values guide how we treat people & our decision making For personal use only Pioneering Equitable Transparent New solutions are required to Our partnerships and We work with honesty and build a future that empowers processes are driven by a integrity. The way we treat stakeholders, respects the
Slide 18: ESG, part of our DNA
ESG, part of our DNA • ESG certified by London based, independent assessment For personal use only organisation, Digbee ESGTM • 0.5% of gross revenue to be set aside for social & nearby community investment programs • Clean, renewable hydroelectricity reducing carbon intensity in iron making • No da
Slide 19: Mineral Resources & Ore Reserves Confirmation
Mineral Resources & Ore Reserves Confirmation The information in this presentation that relates to Mineral Resources, Ore Reserves, production For personal use only targets and forecast financial information derived from production targets is extracted from the Company’s ASX Announcement dated 16 No
Slide 20: Appendix B Key Risks
For personal use only Appendix B Key Risks 2025 20
Slide 21: Top risks: Risk 1-2
Top 10 risks Risk 1-2 Description For personal use only Commodity price If the Company achieves success leading to mineral production, the revenue it will derive through volatility and the sale of product exposes the potential income of the Company to commodity prices and exchange rate exchange rate
Slide 22: Top risks: Risk 3-4
Top 10 risks Risk 3-4 Description For personal use only Transition to On 30 August 2023, a military coup effecting regime change occurred in Gabon. A transitional, civilian appointed rather than elected, government has been put in place with elections scheduled to be government conducted in August 2
Slide 23: Top risks: Risk 5-6
Top 10 risks Risk 5-6 Description For personal use only Attracting and The Company is dependent on the experience of its Directors and management team. Whilst the retaining key Board has sought to and will continue to ensure that the management team and any key personnel employees are appropriately
Slide 24: Top risks: Risk 7-8
Top 10 risks Risk 7-8 Description For personal use only Capital and The estimated capital and operating costs set out in the Baniaka Preliminary Feasibility Study as operating costs detailed in the PFS Market Announcement dated 16 November 2022, are based on certain assumptions with respect to timin
Slide 25: Top risks: Risk 9-10
Top 10 risks Risk 9-10 Description For personal use only Limited Genmin has never developed or managed a fully operational mining operation facility, and its only operational operations are the Baniaka, Bakoumba and Bitam projects in Gabon (Gabon Projects). Accordingly, history Genmin has no experie
Slide 26: Appendix C International Offer Restrictions
Appendix C For personal use only International Offer Restrictions 2025 26
Slide 27: International offer restrictions
International offer restrictions This document is not a prospectus and shall not constitute, or form part of, an offer to sell or a solicitation of an offer to buy New Shares in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under
Slide 28: International offer restrictions (cont.)
International offer restrictions (cont.) Singapore This document and any other materials relating to the New Shares have not been, and will not be, lodged or registered as a prospectus in Singapore with the Monetary Authority of Singapore. Accordingly, this document and any other document or materia