Anax Metals Limited · ASX:ANX
Anax Metals — Investor Presentation (February 2023)
26 slides from Anax Metals's investor presentation, Feb 23, 2023
Slide 1: Sustainable Copper Project and Processing Hub in the Pilbara
SUSTAINABLE COPPER PROJECT AND PROCESSING HUB IN THE PILBARA ASX:ANX – February 2023
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by Anax Metals Limited (the Company) based on information from its own, and third-party sources and is not a disclosure document. No party other than the Company has authorised or caused the issue, lodgement, submission, despatch or provision of this pr
Slide 3: Company Strategy
COMPANY STRATEGY Technology driven development and growth DELIVERY Delivering shareholder value from advanced assets using smart technology – Beginning with the Whim Creek Copper-Zinc Project EXPLORATION Exploring for extensions to known copper/zinc/gold mineralisation at Whim Creek and also for sig
Slide 4: Copper – Growth Driven by an Electric Future
COPPER – GROWTH DRIVEN BY AN ELECTRIC FUTURE Quantity of copper in projects sanctioned since 2007 40% of future demand growth is from green technologies 2007 - 2012: 2013 - 2017: 2018 – 2021: 203 projects sanctioned 75 projects sanctioned 67 projects sanctioned 18 Green Consumption CAGR 2,800 14,000
Slide 5: The Copper Supply Side Challenge - A Great Opportunity
THE COPPER SUPPLY SIDE CHALLENGE - A GREAT OPPORTUNITY Increasingly The “Economies stringent ESG of A shortage of requirements Scale” dilemma – quality, large- have gone from declining grades Only three new 10-15 years Australian scale probable being a ‘nice to require larger between copper projects
Slide 6: Sustainable Pilbara Copper - Whim Creek
SUSTAINABLE PILBARA COPPER - WHIM CREEK Project Highlights1, 2 SUSTAINABLE PILBARA Free Cashflow of COPPER Pre-production capital $291M WITH EXPLORATION cost estimate of $55M UPSIDE US$20M Debt Funding ANX 80% / Develop 10,000-11,000 tpa Cu Global Limited 20% - Package from Anglo (eq) production Ame
Slide 7: Pilbara Base Metals Deposits
PILBARA BASE METALS DEPOSITS Company Name Source Document's Sabre Resources https://www.asx.com.au Artemis Resources: https://wcsecure.weblink.com.au Whundo https://www.asx.com.au Munni Munni https://www.alienmetals.uk Whundo Ayshia https://www.asx.com.au Develop: https://wcsecure.weblink.com.au Kan
Slide 8: Company Milestone Achievements Since November 2020 Re-listing
COMPANY MILESTONE ACHIEVEMENTS SINCE NOVEMBER 2020 RE-LISTING 1,2 MILESTONES 2020/2021 Re-listed and commenced trading on ASX – $2M raised (66.7m shares @ $0.03 per share) November 2020 Whim Creek 80% Acquisition for $4M Earn-in and $3M cash 80% Earn-in to Whim Creek Project complete – further $500k
Slide 9: Company Board and Management
COMPANY BOARD AND MANAGEMENT Meet Our Team CHAIRMAN Phillip Jackson NON-EXECUTIVE DIRECTOR NON-EXECUTIVE DIRECTOR MANAGING DIRECTOR Geoff Laing Peter Cordin Phil Warren (Barrister and Solicitor) (Civil Engineer) (Charted Accountant) (Chemical Engineer) Anax Metals Management Team Andrew McDonald - M
Slide 10: Capital Structure
COMPANY BOARD AND MANAGEMENT 55% CAPITAL STRUCTURE SHARES ON ISSUE 409.4M 6% 6% 15% 7% MARKET CAP $0.074 11% $29.6M (As at 21 Feb 2023) CASH JETOSEA PTY LTD Directors ~ $4.4M HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED J P MORGAN NOMINEES AUSTRALIA PTY LIMITED (As at 31 December 2022) BEARAY PTY LTD O
Slide 11: Development Strategy
DEVELOPMENT STRATEGY PHASE I PHASE II PHASE III A centralized processing hub Immediate organic growth through Consolidation of regional assets through underpinned by high grade open pits Anax’s satellite high grade the provision of multi purpose processing Whim Creek Copper-Zinc Project underground
Slide 12: The Anax Flowsheet – Using Technology to Deliver a Robust Project
THE ANAX FLOWSHEET – USING TECHNOLOGY TO DELIVER A ROBUST PROJECT Open pit mining from developed pits – critical mass at Mons Cupri and Whim Creek with significant underground “sweeteners” at Salt Creek and Evelyn Highest grades in the upper portion of the deposits VMS mineralization is highly
Slide 13: Mons Cupri Pit Design
MONS CUPRI PIT DESIGN Cu ≥ 0.3% MONS CUPRI 2021 SCOPING STUDY Production Target: 2.4 Mt @ 1.15% Cu, 1.55% Zn, 0.65% Pb, 31 g/t Ag and 0.20 g/t Au 13
Slide 14: Whim Creek Pit Design
WHIM CREEK PIT DESIGN CuEq ≥ 0.3 (CuEq = Cu + 0.13 x Zn) WHIM CREEK 2021 SCOPING STUDY Production Target: • 0.7 Mt @ 1.54% Cu and 1.17% Zn 14
Slide 15: Evelyn Base Metals Deposit – Growing into an Underground
EVELYN BASE METALS DEPOSIT – GROWING INTO AN UNDERGROUND • The Evelyn underground mining study, has been completed • Underground mining will provide a superior outcome compared to open pit mining • The Evelyn massive sulphide orebody is a steeply dipping tabular body that is open at depth • Evelyn i
Slide 16: Salt Creek Base Metals Deposit
SALT CREEK BASE METALS DEPOSIT Updated Salt Creek Resource Estimate: • Copper Domain: 1.72 Mt @ 1.73% Cu (Cu ≥ 0.80%, Zn < 2.50%) • Zinc Domain: 1.03 Mt @ 8.86% Zn, 2.70% Pb, 63 g/t Ag and 0.33 g/t Au (Zn ≥ 2.50%) 35,700 T contained Copper (up by 99%) and 95,000 T Contained Zinc (up by 22%) In
Slide 17: Site Crushing Ore Sorting
SITE CRUSHING ORE SORTING 3D Model 17
Slide 18: Plant 3D Model
PLANT 3D MODEL 18
Slide 19: Whim Creek Copper-Zinc Project
WHIM CREEK COPPER - ZINC PROJECT 1,2 Production Target (92% of which is in the Measured or Indicated Resource Category) that underpins mining and processing for a period of 5 to 7 years Particle sorters to upgrade ore with pre-concentrate to be processed through a 320ktpa concentrator constructe
Slide 20: Employing Innovation to Enhance Project Economics and Reduce Carbon Footprint
EMPLOYING INNOVATION TO ENHANCE PROJECT ECONOMICS AND REDUCE CARBON FOOTPRINT High grade deposits deliver lower carbon consumption per tonne of metal Particle sorting delivers a 50% reduction in material milled and dispatched to tailings - >22 MWh reduction in energy consumption - >50% reduction
Slide 21: Whim Creek Project Development Update
WHIM CREEK PROJECT DEVELOPMENT UPDATE Key Near-Term Milestones Next Steps • Definitive Feasibility Study • FID Construction • Identification of long lead • Completion of equipment permitting Q1 Q2 Q2 / Q3 2023 21
Slide 22: Whim Creek Project - Exploration
WHIM CREEK PROJECT - EXPLORATION Located in highly prospective Archean granite- greenstones of the Pilbara region, encompassing the width of the Whim Creek Greenstone Belt, the Whim Creek Project is perspective for - orogenic, structurally controlled gold - conglomerate-hosted gold - iron oxide co
Slide 23: Whim Creek Project Exploration
WHIM CREEK PROJECT EXPLORATION Anax has defined deep-seated structures bounding the tenure to the northwest and southeast as the focus of exploration 3D structural modelling has generated new potential for exploration 2021 regional UltraFine+™ soil sampling has defined clear geochemical target
Slide 24: Whim Creek – Environmental Site Improvements
WHIM CREEK – ENVIRONMENTAL SITE IMPROVEMENTS Whim Creek is subject to an Environmental Protection Notice (EPN) EPN Risks and site improvements were fully disclosed in the Company’s prospectus dated 18 September 2020 These works will facilitate site improvement, ultimately intended to meet curr
Slide 25: Why Invest in Anax Metals?
WHY INVEST IN ANAX METALS? DELIVERY Sustainable Pilbara Copper 10,000-11,000 tpa Cu (eq) production Achievable pre-production capital cost estimate of $55 million Free Cashflow of $291M Debt Funding - US$20M from Anglo American (subject to the DFS) EXPLORATION Significant exploration pro
Slide 26: Thanks
THANKS Contact: Geoff Laing (Managing Director) Address: Ground Floor West, 20 Kings Park Road E-mail: info@anaxmetals.com.au Phone: +61 8 6143 1840 Website: www.anaxmetals.com.au 26