Australian Mines Limited · ASX:AUZ
Australian Mines — Investor Presentation (May 2022)
34 slides from Australian Mines's investor presentation, May 23, 2022
Slide 1: Capital Raising Presentation May 2022
For personal use only Capital Raising Presentation May 2022 Decarbonising and electrifying the world through the development of ethically sourced nickel and cobalt materials australianmines.com.au ASX I AUZ
Slide 2: Disclaimer
AUSTRALIAN MINES Disclaimer For personal use only Forward Looking Statement: This document may contain forward looking statements. Forward looking statements can generally be identified by the use of forward looking words such as, ‘expect’, ‘anticipate’, ‘likely’, ‘intend’, ‘should’, ‘could’, ‘may’,
Slide 3: Executive Summary
AUSTRALIAN MINES Executive Summary For personal use only • Australian Mines Limited is pursuing a dominant position in the production and supply of battery and technology metals to global markets • The company is developing world-class Nickel-Cobalt-Scandium projects in Australia to meet demand for
Slide 4: Summary: Development-Ready, World Class Sconi Project
SUMMARY Australian Mines For personal use only Development-Ready, World Class Sconi Project 100% Auditable Ethically Derived in Supply Chain Low Risk Jurisdiction ✓ Long term offtake agreement (6+5 years) in place with LG Energy Solution ✓ Well serviced by existing infrastructure and skilled labour
Slide 5: Supplying Battery and Technology Metals to Global Markets
SUMMARY Supplying Battery and Technology Metals to Global Markets For personal use only ESG Mega Trends Driving Demand Projected Metal Demand Growth (2019-2050F)4 (Under a Rapid Transition (IEA SDS) scenario (+1.5oc) to 2050F) ✓ Future facing metals (including nickel and cobalt) AUZ focus to drive d
Slide 6: Company Overview
For personal use only Company Overview
Slide 7: Asset Portfolio
COMPANY OVERVIEW Asset Portfolio For personal use only Multi-asset and downstream processing strategy designed to provide maximum productivity Asset / Initiative Flemington Maximise Project Productivity Location Commodity / Product Exposure5 Precursor 738kt Ni 7kt Ni; 3kt Co Sconi + Flemington (Sc);
Slide 8: Sconi Project Highlights
SCONI PROJECT Highlights For personal use only World Class Sconi Project ✓ Tier-1 nickel-cobalt-scandium asset in Queensland, Australia Sconi Nickel-Cobalt-Scandium Project ✓ Development ready, lowest cost quartile with a 30+ year mine life ✓ Contained metal quantities:8 • 738,359 tonnes of nickel,
Slide 9: Flemington Project Highlights
FLEMINGTON PROJECT Highlights For personal use only Potential Second Production Hub Flemington Cobalt-Nickel-Scandium Project ✓ Emerging cobalt-nickel-scandium project in New South Wales, Australia ✓ Direct continuation of Sunrise Energy Metals (ASX: SRL) Sunrise ore body12 ✓ Significant potential t
Slide 10: P-CAM Project Highlights
P-CAM PROJECT Highlights For personal use only Expand Downstream Processing Capability ✓ To develop P-CAM production from Sconi14 and Flemington Project ores ✓ P-CAM product expands downstream processing capability ✓ P-CAM Feasibility Studies completed over the next three years ✓ Australian Governme
Slide 11: Market Leading ESG Focus
COMPANY OVERVIEW Market Leading ESG Focus For personal use only Achieved Industry First Carbon Neutral Certification ✓ First mineral resources company to be certified a Carbon Neutral organisation16 by the Australian Government’s Climate Active program ✓ Climate Active is the only Australian Governm
Slide 12: Board of Directors
COMPANY OVERVIEW Board of Directors For personal use only Highly Experienced Board and Senior Leadership Team ✓ Company intends on bolstering management team by commencing a search to appoint: ✓ New CEO experienced in mine site development to accelerate Sconi Project; and ✓ New CFO and Chief Project
Slide 13: Corporate Review
COMPANY OVERVIEW Corporate Review For personal use only Capital Structure Ownership (26 April 2022) Market Cap (19 May 2022) A$58.1M ~ Investors (by Type) Share Price (19 May 2022) A$0.135 Issued Share Capital* 430.4M (19 May 2022) Net Cash (31 March 2022) A$3.05M ~ Listing ASX: AUZ *Note: 10 for 1
Slide 14: Sconi Project
For personal use only Sconi Project
Slide 15: Sconi Project Ore Reserve
SCONI PROJECT Project Ore Reserve For personal use only Tier-1 Nickel-Cobalt-Scandium asset with favourable macro-economic tailwinds Classification Pit Ore Nickel (%) Cobalt (%) Scandium Sconi Project Ore Reserve summary based on variable nickel equivalent cut-off (Million tonnes) (ppm) between 0.40
Slide 16: Infrastructure Ready
SCONI PROJECT Infrastructure Ready For personal use only Port Roads Power Port facilities secured Sealed, all-weather roads Power (grid) (import and export) from site to port already on site Water Comms Airport Accom Water supply Telecommunications Existing airport Developed on available infrastruct
Slide 17: P-CAM Project
For personal use only P-CAM Project
Slide 18: Nickel Value Chain
P-CAM PROJECT Nickel Value Chain For personal use only P-CAM Economics Nickel Product Economics20 (Indicative Nickel product payability vs metal spot price) ✓ P-CAM product in the global Electric Vehicle (EV) is a high value-add battery supply chain 0 40 ✓ P-CAM production is expected to grow 30 sig
Slide 19: P-CAM Pathway to Construction
P-CAM PROJECT Pathway to Construction For personal use only Indicative Timeline CY2022F CY2023F CY2024F CY2025F Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Commence Feasibility Study ✓ Metallurgical Bench Pilot Testwork Scale Plant Engineering – 5% Definition Engineering – 15% Definition Complete F
Slide 20: Capital Raising Overview
AUSTRALIAN MINES Capital Raising Overview For personal use only • AUZ to raise approximately A$3.7m in equity via a single tranche placement to institutional and sophisticated investors • Issue of ~32.2m New Shares under existing LR7.1 placement capacity Offer Size • Following successful completion
Slide 21: Indicative Timetable
AUSTRALIAN MINES Indicative Timetable For personal use only Event Indicative Date22 Trading Halt Friday, 20 May 2022 Trading Halt ends, announcement of the Placement results, announcement of the Entitlement Offer and lodgement Monday, 23 May 2022 of Appendix 3B Trading on an ex-entitlement basis Wed
Slide 22: Key Risks
AUSTRALIAN MINES Key Risks For personal use only The Company has identified the following non-exhaustive list of some of the key risks which investors need to be aware of in evaluating the Company’s business and investing in its Securities. There is no guarantee that other factors will not affect th
Slide 23: Key Risks
AUSTRALIAN MINES Key Risks For personal use only The Company’s future revenue will be mainly derived from the sale of nickel and cobalt. Consequently, the Company’s ability to attract funding for further exploration of its projects and/or potential future earnings could be closely related to the pri
Slide 24: International Offering Jurisdictions
AUSTRALIAN MINES International Offering Jurisdictions For personal use only This document does not constitute an offer of new ordinary shares ("New Shares") of the Company in any jurisdiction in which it would be unlawful. In particular, this document may not be distributed to any person, and the Ne
Slide 25: Appendix
For personal use only Appendix
Slide 26: Strategic Overview
APPENDIX Strategic Overview For personal use only 5-Year Strategy (2022F-2027F) (Four Strategic Pillars) Maximise 4 Productivity Shareholder Value Creation 3 (Anticipated)23 Flemington 2 Project 1 2022F 2023F 2024F 2025F 2026F 2027F 5-Year Strategic Horizon 23 For illustrative purposes only (not to
Slide 27: Nickel Supply Inelasticity
APPENDIX Nickel Supply Inelasticity For personal use only Nickel Supply/Demand Imbalance Base Case ‘Probable’ Category Mine Project ✓ Growing demand for Electric Vehicles Potential Measured in Years of Supply Requirement set to double demand for nickel by 204024 Met28 (at average annual demand level
Slide 28: Role of Critical Minerals in the EV Revolution
APPENDIX Role of Critical Minerals in the EV Revolution For personal use only Critical Minerals Used in Passenger Vehicles (EV vs ICE)29 (in kg per vehicle) AUZ focus Electric Vehicle (EV) (Ni/Co in MHP form) Mn (by-product) 6x more minerals Conventional Vehicle (ICE) 0 20 40 60 80 100 120 140 160 1
Slide 29: Competent Persons' Statements
APPENDIX Competent Persons’ Statements For personal use only Sconi Project, Queensland (Australia) The Mineral Resource for the Sconi Project contained within this document is reported under JORC 2012 Guidelines. This Mineral Resource for the Greenvale, Lucknow and Kokomo deposits within the Sconi P
Slide 30: Competent Persons' Statements
APPENDIX Competent Persons’ Statements For personal use only Flemington Project, New South Wales (Australia) The Mineral Resource for the Flemington Project contained within this document is reported under JORC 2012 Guidelines. This Mineral Resource was first reported by Australian Mines Limited on
Slide 31: Sconi Project Mineral Resources
APPENDIX Sconi Project Mineral Resources For personal use only Table 1: Greenvale Mineral Resource Mineral Resources as per Australian Mines’ announcement released via the ASX platform on 14 February 2019. Prepared by CSA Global in accordance with the current 2012 JORC Code. There has been no Materi
Slide 32: Sconi Project Mineral Resources
APPENDIX Sconi Project Mineral Resources For personal use only Table 4: Bell Creek Mineral Resource Mineral Resources as per Australian Mines’ announcement released via the ASX platform on 29 April 2019. Prepared by Mr Mick Elias in accordance with the current 2012 JORC Code. There has been no Mater
Slide 33: Flemington Project Mineral Resources
APPENDIX Flemington Project Mineral Resources For personal use only Table 6: Flemington Mineral Resource Mineral Resources as per Australian Mines’ announcement released via the ASX platform on 31 October 2017. Prepared by CSA Global in accordance with the current 2012 JORC Code. There has been no M
Slide 34: Powering the Future of Clean Energy
For personal use only POWERING THE FUTURE OF CLEAN ENERGY ASX I AUZ australianmines.com.au sconi.com.au