Boab Metals Ltd · ASX:BML
Boab Metals — Shareholder Meeting (November 2021)
22 slides from Boab Metals's shareholder meeting presentation, Nov 26, 2021
Slide 1: AGM Presentation and Livestream
For personal use only 26 November 2021 AGM Presentation and Livestream Boab Metals Limited (ASX: BML) (“Boab” or the “Company”) is pleased to provide a copy of a presentation which the Managing Director and CEO Mr Simon Noon will present at the Annual General Meeting of the Company, to be held today
Slide 2: Sorby Hills Lead-Silver Project 2021 AGM Presentation
For personal use only Sorby Hills Lead-Silver Project Delivering Metals for a Sustainable Future 2021 AGM Presentation 26 November 2021
Slide 3: Disclaimer
Disclaimer Forward-Looking Statements Compliance Statement For personal use only Certain statements in the presentation are or may be “forward-looking statements” and represent the The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the ‘JORC Company’s int
Slide 4: Calendar year 2021 in review
Calendar year 2021 in review For personal use only ✓ Successful Completion of Phase IV and Phase V drilling campaigns. ✓ Interim Mineral Resource Estimate completed. ✓ Continued work towards delivering DFS in 1H CY 2022. ✓ Agreement reached with JV Partner Henan Yuguang to fast-track Mining Joint Ve
Slide 5: Corporate summary
Corporate summary Share Price History For personal use only Capital structure (24 Nov2021) Share Price A$0.345 / share 8.0 0.8 Shares on Issue 153 million shares 6.0 0.6 Market Cap A$53 million Trading Volume (M shares) Share Price (A$/sh) Debt Nil 4.0 0.4 Cash A$10.1 million (as at 30 Sep 2021) Opt
Slide 6: The Sorby Hills Pb-Ag-Zn Project – a quick recap
The Sorby Hills Pb-Ag-Zn Project – a quick recap Australia’s largest undeveloped, near-surface For personal use only Lead-Silver-Zinc deposit. ▪ 75%/25% Joint Venture Partnership with China’s largest Lead smelter and Silver producer – Henan Yuguang Gold & Lead Co. ▪ 2020 Pre-Feasibility Study delive
Slide 7: Effective and efficient resource definition
Effective and efficient resource definition For personal use only Drilling by Boab Metals at Sorby Hills has delivered continued growth in Resource size and confidence. ▪ The Phase IV drilling program was primarily designed to acquire core for the DFS Metallurgical and Geotechnical test work. ▪ In a
Slide 8: Phase V drilling program
Phase V drilling program For personal use only The Phase V Drilling Program has delivered mineralisation extensions across Sorby Hills. 59 diamond drill holes targeted mineralisation with potential to be included in to the DFS Mining Inventory and Ore Reserve Significant results include Alpha Deposi
Slide 9: DFS metallurgical testwork results
DFS metallurigcal testwork results For personal use only Recently finalised metallurgical testwork has confirmed high recoveries1 ▪ Some 1,420kg of core recovered from 35 HQ diamond drill holes completed during the Phase IV and V drill program utilised for testwork including: • Flotation, • Comminut
Slide 10: Potential increase in project scope
Potential increase in project scope For personal use only Results from phase IV and V drilling and the DFS Metallurgical program will act as key inputs to an investigation into the potential to expand the proposed processing capacity at Sorby Hills The Sorby Hills PFS Mine Plan comprised a total of
Slide 11: Project financing
Project financing For personal use only Boab is well progressed on preparing the Sorby Hills Project for project financing Boab has engaged BurnVoir Corporate Finance to advise on, analyse and arrange a project finance solution for the Sorby Hills Project. The Company has engaged with Australia Gove
Slide 12: Sorby Hills offtake and joint venture progress
Sorby Hills offtake and joint venture progress For personal use only Tier-1 offtakers have confirmed a strong appetite for the Sorby Hills Lead-Silver concentrate ▪ The Sorby Hills Project is located only 150km by sealed road to from the Port of Wyndham. ▪ Boab is currently in the advanced stages of
Slide 13: Establishing enduring legacy within the local community
Establishing enduring legacy within the local community For personal use only Boab is a proud corporate citizen in the Kimberley and keen to play their part in improving economic and social outcomes in the region. ▪ Sense of community plays a key role in economic and social well- being of stakeholde
Slide 14: Milestones for the next months
Milestones for the next 12 months For personal use only Recent News ✓ Preliminary Offtake Soundings demonstrate strong demand for Sorby Hills Concentrate ✓ Interim Mineral Resource Estimate Increases Measured Resources tonnes by 56% ✓ Strategic Acquisition of Manbarrum Zinc-Lead-Silver Project ✓ Fur
Slide 15: Strategic Acquisition of Manbarrum Zinc-Lead-Silver Project
Strategic Acquisition of Manbarrum Zinc-Lead-Silver Project For personal use only Boab has recently acquired a 100% interest in the Manbarrum Zinc-Lead-Silver Project Key highlights include: • Manbarrum is strategically located 25km east of the Sorby Hills Lead-Silver-Zinc Project. • Mineral Resourc
Slide 16: Thank you
For personal use only Thank you Simon Noon – Managing Director & CEO info@BoabMetals.com www.BoabMetals.com www.linkedin.com/company/boab-metals
Slide 17: Board and management
Board and management For personal use only Experienced Board and Management with a proven track record in exploration and development. Gary Comb Simon Noon Richard Monti Andrew Parker Chairman Managing Director and CEO Non-Exec. Director Non-Exec. Director Engineer with over 30 years’ Experienced mi
Slide 18: PFS capital and operating costs
PFS capital and operating costs For personal use only Capital Cost Estimate Operating Cost Estimate1 Capital Item A$M Cost Centre A$M A$/t ore A$/lb2 US$/lb2 Pre Production Mining 24.3 Mining 347 23.48 0.33 0.23 Process Plant incl. EPC fee 105.4 Processing 292 19.80 0.28 0.20 Infrastructure 20.5 G&A
Slide 19: PFS life of mine metrics
PFS life of mine metrics For personal use only Item Unit Base Case Item Unit Base Case Economic Assumptions Cash Flow Lead Price US$/t 2,095 Lead Revenue A$M 1,422.3 Silver Price US$/oz 21.10 Silver Revenue A$M 431.1 Exchange Rate A$:US$ 0.70 Gross Revenue A$M 1,853.3 Physicals Royalties A$M (69.5)
Slide 20: Mineral Resource Estimate - April 2021
Mineral Resource Estimate - 6 April 2021 For personal use only Grade Contained Metal Deposit Mt Pb Ag Pb Eq. Zn Pb Ag Pb Eq. Zn % g/t % % kt koz kt kt A 0.6 5.1 22 5.7 0.9 30 411 34 5 B 2.3 3.9 22 4.5 0.3 91 1,608 105 7 Omega 16.6 3.4 34 4.3 0.4 560 18,233 718 69 Norton 20.0 2.7 36 3.7 0.4 545 23,06
Slide 21: Current ore Reserve and PFS mine plan
Current ore Reserve and PFS mine plan For personal use only A low-risk Mine Plan underpinned by 92% Ore Reserves PFS Mining Schedule Ore Pb (%) Pb (kt) Ag (g/t) Ag (Moz) 1,200 6.0% 120 Classification Mt % kt g/t Moz 1,000 5.0% 100 Proved 6.8 4.1 275 53.0 11.5 800 4.0% Silver Grade (g/t) 80 Probable
Slide 22: Equivalent calculation
Equivalent calculation For personal use only The contained metal equivalence It is Boab’s opinion that all elements Metal equivalents are highly dependent on the included in the metal equivalent calculation metal prices used to derive the formula. Boab formula is based on the Sorby Hills notes that