Astron Limited · ASX:ATR
Astron — Investor Presentation (December 2021)
31 slides from Astron's investor presentation, December 2021
Slide 1: Progression of the Donald Mineral Sands Project
Progression of the Donald Mineral Sands Project Astron Corporation Limited (ASX:ATR) Corporate Presentation - December 2021 Astron Corporation ASX:ATR
Slide 2: Disclaimer
Disclaimer CAUTIONARY STATEMENT between totals and sums of components in tables contained in this presentation may be due to rounding. This presentation has been prepared by Astron Corporation Limited (Astron or the “Company”). The information contained in this presentation is for information purpos
Slide 3: Astron Corporation – Company Snapshot
Astron Corporation – Company Snapshot Astron’s (ASX:ATR) prime focus is on the delivery of shareholder value through the development of the Donald Extensive experience in Mineral Sands and Rare Earth Project in Victoria. Focus on creating and delivery mineral sands downstream & of shareholder value
Slide 4: Astron Corporation
Astron Corporation VALUE PROPOSITION Revenue %1 Mineral Sands Applications • Creation of shareholder value through delivery of a globally significant Tier 1 mineral sands project • Scale and longevity, premium zircon and rare earth production – represents a Zr ~50% major value opportunity • Ore Rese
Slide 5: Extensive Experience & History in the Mineral Sands Sector
Extensive Experience & History in the Mineral Sands Sector Board of Directors 30 years resource industry and Commenced working with Astron in corporate business development 2018, holding various business and finance experience, including with RGC Limited, as well as development planning and executiv
Slide 6: Profile – Key Technical Expertise
Profile – Key Technical Expertise Core project team in place- supported by leading industry consultants. Astron’s Donald Project Team Technical Team Sean Chelius – Project Director Tim Chase – Head of Global Operations Owners Representative / PMO Geology & Mining Engineering Dip. Project Management,
Slide 7: Donald Project – Global Tier 1 Resource
Donald Project – Global Tier 1 Resource Premium Zircon & Rare Earth Mineral Rich Assemblage 2.50% TiO2% of Ore1 The Donald Project – with zircon reserves equivalent to 5 years of global demand – has the potential to be a pivotal source of global zircon supply both short and long-term, with Donald (A
Slide 8: Key Project Features
Key Project Features Project features include: 1. Location: ~300 kms north-west of Melbourne on mainly freehold, arable land used for cropping and grazing. Donald compromises a total licenced area of 506 km2 2. The first 15 years of stage 1 production on granted mining licence MIN 5532 3. Close to e
Slide 9: Donald Project Timeline
Donald Project Timeline Market Evolution and Technological Breakthroughs Cement Project Viability FM-01 Spirals Acquisition by Astron for Discovery & Development of Jacinth- Breakthrough in fine minerals A$11m, Anticipating the Ambrosia, by Iluka temporarily fulfilled recovery. Proven on an material
Slide 10: Large, Long-life Ore Reserve and Resource Base
Large, Long-life Ore Reserve and Resource Base Donald Project Geology Summary of Ore Reserves (Proved and Probable)1,3 The Donald and Jackson deposits are fine-grained WIM-style heavy mineral sand accumulations. Tonnes Slimes Oversize HM Donald Deposit (mt) (%) (%) (%) The Donald Project will likely
Slide 11: Production Profile & Key Products
Production Profile & Key Products Two Stage Development Approach Astron plans to deliver the Donald project over two stages: Fine-grained, Premium ZrO2 > 66% Low impurities, high Zircon brightness/ whiteness2 Stage 1 - Approximately 120ktpa of zircon products, (of which ~80% is expected to be of pre
Slide 12: Premium Zircon – Superior Attributes
Premium Zircon – Superior Attributes Donald premium zircon has been independently confirmed by Foshan Ceramics Institute (leading Chinese ceramics institute) to be suitable for the premium ceramics market. Astron has extensive and long-term engagement with Zircon customers in China, Europe, North Am
Slide 13: High Value Rare Earth Concentrate Product Stream
High Value Rare Earth Concentrate Product Stream Strategically positioned at the head of the value chain, Astron is in active discussions with Typical Donald Project Rare Earth Product1 prospective processing partners for off-take agreements. By producing a rare earth concentrate on- Company Astron
Slide 14: Project Design
Project Design Integrated mining and processing operation Simplified Process Flow Diagram The Donald Project’s operating model encompasses the mining of heavy mineral (HM) ore, gravity concentrating to heavy mineral concentrate (HMC), and processing to final products of zircon, titania, and rare ear
Slide 15: Advanced Stage of Regulatory Approvals & Permits
Advanced Stage of Regulatory Approvals & Permits Approval Requirement1 Completed Date Expiry Astron’s Land Holdings Environmental Effects Statement 2008 N/A (In Donald Project Area) Environmental protection & bio-diversity conversation approval Mar-09 2034 On MIN5532 Cultural Heritage Management
Slide 16: Favourable Long – Term Zircon Market Dynamics – Major Supply Risks Emerging
Favourable Long – Term Zircon Market Dynamics – Major Supply Risks Emerging Stable demand with limited new supply at a time when existing supply sources are maturing • Supply deficit forecasted from late 2021 onwards, compounded by the Donald is expected to commence production when market conditions
Slide 17: Rehabilitation & Environmental Management
Rehabilitation & Environmental Management Minimise environmental impact through sustainable mining & rehabilitation • Mining operations will be conducted on mixed use pastoral land, 1. Excavation 2. Leveling mainly cleared • Steps will be taken to ensure minimal impact on native vegetation, flora an
Slide 18: Project Delivery Timeline
Project Delivery Timeline1 Clear stages of project delivery, value realisation 2021 2022 2023 2024 2025 Product Off-takes Definitive Feasibility Study Work Plan Approvals Project Funding F.I.D Commi- Project Construction ssioning Production Astron Board Capital Approval 1. Detailed timelines subject
Slide 19: Value Drivers Leading to the Completion of Feasibility Study
Value Drivers Leading to the Completion of Feasibility Study Completion of Metallurgical Pilot Testing • Produce additional product samples • Finalise circuit design and confirm product recoveries Negotiate Offtake Arrangements • Provide sample products to key parties • Negotiate M.O.U.s, products o
Slide 20: Further information
Further information Tiger Brown Managing Director Tel: +61 3 5385 7088 Email: tiger.brown@astronlimited.com 20 Astron Corporation ASX:ATR
Slide 21: Appendix
Appendix Donald Project wet concentrating pilot plant Astron Corporation ASX:ATR 21
Slide 22: Donald Project – Extensive Evaluation and De-risking
Appendix I. Donald Project – Extensive Evaluation and De-risking Discovered by CRA in the 1970s, the Donald tenement area and geology has been extensively evaluated. The project area has had a total of 2,789 drill holes over several drilling campaigns. The mining leases consists of 387 drill holes s
Slide 23: Metallurgical Test Work
Appendix II. Metallurgical Test Work Astron’s extensive test-work confirms commercial product recoveries Extensive metallurgical test work, utilising a range of industry specialist consulting firms, involving bench scale and pilot scale test work, has provided confidence in the commercial scale reco
Slide 24: Critical Mineral Opportunities – R.E. Demand Growth
Appendix III. Critical Mineral Opportunities – R.E. Demand Growth Rare Earth Permanent Magnet End-Users in 20201 Electrical Vehicle as a % of Market Share to 20302 Elevators, 8.40% other, 3.30% 1. EVs need approx. 1kg of rare earths for 34,756k their motor magnets; although this form Units 0.05% of
Slide 25: Engineering Update - Plant 3D Diagrams
Appendix IV. Engineering Update - Plant 3D Diagrams Astron has reached 70% design review milestone for plant and equipment feasibility level design update* Wet Concentrator Concentrator Upgrade Plant Plant Design Design *As of week commencing Nov 22 2021 Astron Corporation ASX:ATR 25
Slide 26: Astron Corporation Simplified Organisation Chart
Appendix V. Astron Corporation Simplified Organisation Chart (As of 6 Dec 2021) Astron Corporation Limited (Hong Kong) Astron Titanium (Yingkou) Hong Astron Pty Limited Senegal Mineral Resources Kong Holdings Ltd. (Australia) (Hong Kong) (Hong Kong) Donald Mineral Sands Pty Ltd Senegal Mineral Resou
Slide 27: Astron’s China Operations
Appendix VI. Astron’s China Operations Astron Titanium has nearly four decades of operational experience in China, including: • Close connections with a range of mineral sands customers, within China and internationally • Capability to produce nuclear grade zirconia (hafnium-free zirconia) • One of
Slide 28: Research and Development Capabilities
Appendix VII. Research and Development Capabilities Astron has a history of specialty research and development in the mineral sands industry and various downstream product application industries dating back to the 1990s. At various points in its history, Astron has been on the cutting edge of develo
Slide 29: Donald Project – Ore Reserves Statement
Appendix VIII. Donald Project – Ore Reserves Statement Based on the supporting mine planning completed, pit Table 1.1 Donald Mineral Sands Ore Reserve for RL 2002 at February 2021 inventories to support an Ore Reserve Estimate, in accordance with JORC 2012 are shown in Table 1.1. Ore has been classi
Slide 30: Donald Project - Mineral Resource Statement
Appendix IX. Donald Project - Mineral Resource Statement Table 1.2 Mineral Resource at a 1% Cut-off Table 1.3 Mineral Resource where VHM Data is Available at a Cut-off of 1% HM Tonnes HM Slimes Oversize Tonnes Slimes Oversize HM Ilmenite Leucoxene Rutile Zircon Monazite Classification Classification
Slide 31: Astron Corporation Balance Sheet
Appendix X. Astron Corporation Balance Sheet1 ASTRON LIMITED Pro-Forma (Unaudited) CONSOLIDATED BALANCE SHEET 30/09/2021 LIABILITIES ASSETS Current liabilities Current Assets Trade and other payables 9,094,033 Cash and Cash equivalent 646,523 Short term borrowings 15,811,752 Term deposits greater th