Slide 1: Faster, more accurate gold analysis
Faster, more accurate gold analysis Q2 FY23 - Quarterly Investor Update 24 January 2023 Dirk Treasure, Managing Director and CEO Brett Coventry, CFO
Slide 2: Important notice
Important notice The material in this presentation has been prepared by Chrysos Corporation Limited (ASX: C79) (“Chrysos” or the “Group") and is general background information about Chrysos’ current activities as at the date of this presentation. The information is given in summary form and does not
Slide 3: Q2 FY23: Financial and operating highlights
Q2 FY23: Financial and operating highlights Q2 FY23 Unaudited Total Revenue of $6.4m, reflecting 25% growth on the previous Quarter $6.4m 796k $714m Total Unaudited Revenue Samples processed Total Contract Value (TCV) • +25% growth on Q1 FY23 ($5.1m) • Increased +8% on Q1 FY23 (740k) • +2% growth on
Slide 4: Strong top line momentum
Strong top line momentum New unit deployments and continued strong utilisation are driving revenue growth Unaudited MMAP, AAC & Other Income $7,000 ■ Minimum Monthly Assay Payments (MMAP) provide predictable and sustainable Quarterly minimum revenue $6,000 ■ MMAP was $5.0m, up 32% on Q1 FY23 ($3.8m)
Slide 5: Executing on our global PhotonAssay rollout
Executing on our global PhotonAssayTM rollout Strong and sustainable growth underpinned by long-term annuity-style recurring revenue 15 Units Deployed1 Average Unit Utilisation & Samples Processed 80% 350,000 Samples Processed - Monthly 70% 300,000 60% 250,000 Average Utilisation 50% 200,000 40% 150
Slide 6: Strong sales pipeline ahead
Strong sales pipeline ahead Continued adoption of PhotonAssayTM by global laboratories and miners Customers Total Contract Value1, 2 Intertek MSALABS ALS 800 1 700 Britannia Mining Solutions 600 500 400 Laboratories Alfred H Knight SGS 300 200 100 Barrick Gold Corporation 0 2 Agnico Eagle Ravenswood
Slide 7: In summary
In summary Chrysos continues to execute on its global growth strategy ■ Strong top line growth in Q2 FY23: ■ 25% QoQ increase in Unaudited Total Revenue ■ 32% QoQ increase in Minimum Monthly Assay Payments ■ 49 contracted units: ■ 15 currently deployed and generating revenue ■ On track to deploy 21
Slide 8: About Chrysos
CHRYSOS CORPORATION Assays at the speed of liaht About Chrysos
Slide 9: Chrysos – revolutionising the global mining industry
Chrysos – revolutionising the global mining industry Chrysos is a global provider of novel assay services through its proprietary PhotonAssayTM technology Disruptive Minerals Analysis Service and Lease Model with Industry Accepted Technology Technology Tier 1 Counterparties Displacing Traditional Fi
Slide 10: Our commercialisation journey
Our commercialisation journey The outcome of 20+ years of research and development Prototype Complete JORC and NI43-101 New Customer Announcements 1st PhotonAssayTM Max unit Companies cite PhotonAssayTM data Barrick Bulyanhulu in Tanzania contracts in market announcements MSALABS and PhotonAssayTM P
Slide 11: The Chrysos Vision
The Chrysos Vision To become the world’s leading provider of innovative assay services and technologies Market Challenge: Traditional assay techniques are slow, labour intensive, complex, destructive to the assay sample, and involve Fully-quantitative analysis in as little as 2 minutes! dangerously
Slide 12: PhotonAssay technology
PhotonAssayTM technology Best in class gold assaying with measurable benefits over traditionally used methods PhotonAssayTM vs. Traditional Fire Assay1 PhotonAssayTM value proposition Fire Assay PhotonAssayTM Faster turnaround Lower costs Simple to operate Results in as little as 2 minutes Time per
Slide 13: Large & unpenetrated TAM
Large & unpenetrated TAM Assay expenditure is a non-discretionary operating cost Existing PhotonAssayTM Reach TAM for PhotonAssayTM Units 700 610 Units 600 500 PhotonAssayTM Unit 410 On-site 400 Laboratories +561 Units Units 300 200 Off-site 100 200 Laboratories 49 0 Installed / Contracted Base TAM
Slide 14: Delivering tangible benefits for miners
Delivering tangible benefits for miners PhotonAssayTM enables timely decision making and additional gold recovery The opportunity… PhotonAssayTM is embedded in the mining value chain PhotonAssayTM Value Add ■ Each year global miners are Exploration Fast turnaround for mine estimated to lose >$2.0 bi
Slide 15: An environmentally-friendly solution
An environmentally-friendly solution Substantially better for the environment and significantly safer than fire assay PhotonAssayTM has a substantial positive environmental impact that will continue to grow in tandem with the uptake of the technology ✓ PhotonAssayTM reduces CO2 emissions and elimina
Slide 16: High barriers to entry
High barriers to entry High barriers to entry supported by global IP rights Barriers to competitive entry Long-term leases with Protected by global guaranteed minimums, IP rights embedded at customer site 20+ years of R&D and Superior product to the investment in technology alternative Attractive va
Slide 17: Clear growth pathway
Clear growth pathway Clear organic growth plan with potential to expand TAM through additional commodities Business development pipeline Multi-commodity assaying ■ Global networks of laboratories Potential to expand TAM Potential to increase profitability Intertek ALS SGS MSALABS ■ Base metals ■ Add
Slide 18: Experienced leadership team
Experienced leadership team Supported by a well respected and tenured board Senior leadership team Board of Directors Dirk Treasure Rob Adamson Kerry Gleeson Founding CEO & Managing Director Founder & Chairman Director • Metallurgist with a background in both • 20+ years’ experience in mining and •
Slide 19: Thank you
Thank you For more information, please visit chrysoscorp.com or contact us at investors@chrysoscorp.com