Blackstone Minerals Ltd · ASX:BSX
Blackstone Minerals — Investor Presentation (September 2022)
20 slides from Blackstone Minerals's investor presentation, Sep 16, 2022
Slide 1: Looking forward. Mining green.
Looking forward. For personal use only Mining green. Blackstone Minerals Company presentation 16 September 2022 ASX : BSX
Slide 2: Important information and disclaimers
Important information and disclaimers For personal use only The PFS referred to in this Presentation is the study of the potential viability of the Ta Khoa Refinery Project. It has been undertaken to understand the technical Exploration Results: and economic viability of the TKP: The information in
Slide 3: Welcome
Welcome For personal use only Company overview Market opportunity Project update Other information Closing remarks Ta Khoa Project (‘TKP’) Vietnam ASX : BSX 3
Slide 4: Blackstone Minerals
Blackstone Minerals Looking forward. TKP For personal use only Mining green. Upstream Downstream Hanoi 1 Integrated producer of low-emission nickel Upstream (90%) Integrated mining and refining (pCAM output) Laos • DFS underway Hydro-electric power from the grid • Reserve: 48.7Mt @ 0.43% Ni 48
Slide 5: Corporate overview
Corporate overview For personal use only ASX share code Market capitalisation BSX share price ($/share) Monthly LME Ni ($k/t) 0.9 40.0 BSX $102M1 0.8 35.0 0.7 0.6 30.0 0.5 25.0 0.4 0.3 20.0 Share price Cash (30 June 2022) 0.2 15.0 0.1 $0.221 $34.0M 0 10.0 Largest shareholders (at 30 June 2022) Share
Slide 6: Corporate overview
Corporate overview For personal use only Chairman MD & CEO Non-exec Director Non-exec Director Non-exec Director Hamish Halliday Scott Williamson Dr. Frank Bierlein Allison Gaines Hoirim Jung Mr. Halliday is a Geologist with a Mr. Williamson is a mining engineer Dr Frank is a geologist with 30 years
Slide 7: Vietnam Ta Khoa Nickel Project: Open for business
Vietnam Ta Khoa Nickel Project Open for business For personal use only Existing concentrator 1 Increasingly attractive FDI candidate • FDI of $15.8B in 2020 – increased from $1.3B in 20001 • World Bank ease of doing business1 (70); Indonesia (73), Brazil (124) • Over 200 operating mines 2 Cost compe
Slide 8: Nickel market outlook
Nickel market outlook For personal use only Supply / demand outlook Life cycle analysis (‘LCA’) by supply source Deficit exacerbated for battery grade nickel Bifurcation of demand expected along ESG lines Nickel supply v demand (2022 – 2040, Mt) NCM811 GHG (Scope 1,2 & 3) comparison (kg CO2 eq per k
Slide 9: Project overview: DFS underway for integrated operation
Project overview DFS underway for integrated operation For personal use only 485kt Ni 8Mtpa 400ktpa >80ktpa Mining Concentrator Refining Precursor • Open cut for DSS • Supplement existing • Hydromet flowsheet • To be developed with coupled with 0.5Mtpa concentrator • Feedstock from TKP partner techn
Slide 10: Refinery designed for multiple feed sources
Project overview Refinery designed for multiple feed sources For personal use only Mine Concentrator Refinery (Hydromet process) pCAM plant Ban Phuc nickel DSS mine TKP concentrator Ban Chang and King Snake MSV mines Interests (NiCo, Flying Ni, Corazon) Regional exploration 3rd party concentrate Ni
Slide 11: Development / DFS update (August 2022)
Project overview Development / DFS update (August 2022) For personal use only Mining Concentrator Refining Precursor 1. Partnerships: engagement to reach a final JV structure, DFS objectives and investment contribution 2. Staged development: supported by Wood, evaluation of staged options (inc. refi
Slide 12: Versatile business model
Project overview Versatile business model For personal use only The TKR design will enable the production of multiple products, including NCM 811 which attracts a strong premium to metal prices. Illustration of nickel product payability vs metal spot price 150% Blackstone will be able to process and
Slide 13: Leading cost and ESG positioning
Project comparison Leading cost and ESG positioning For personal use only Nickel (sulphate) cost curve Life cycle analysis by area First to second quartile positioning for TKP Opportunities to reduce LCA to 6.3kg of CO2/t NCM 811 X axis: costs (all-in, inc. susex) ($/t) 2022$, y axis: supply (kt) NC
Slide 14: Lowest CO2 pCAM flowsheet
Ta Khoa Project (TKP) Ta Khoa Nickel Project Lowest CO2 pCAM flowsheet For personal use only Key LCA components • Life Cycle Assessment (LCA), conducted by Minviro • Result of 9.8 kg CO2 eq. per kg pCAM for TKP, which is substantially lower than existing production pathways1 in terms of Global Warmi
Slide 15: Resource: Nickel sulphide district
Resource Nickel sulphide district For personal use only 1 Mineralised district Ban Phuc: 123 Mt at 0.43% NiEQ (523kt NiEQ1) Ban Phuc: 102Mt at 0.44% NiEQ is indicated District: 130Mt at 0.44% NiEQ (571kt NiEQ1) 2 Exploration targets Several targets within Blackstone tenure Exploration supp
Slide 16: Nickel resource peer group
Resource comparison Nickel resource peer group For personal use only Select ASX listed nickel sulphide resources for (JORC compliant) Nickel resource size v market capitalisation; by-products have not been included in resource or grade values X axis: resource (contained Ni, t), Y axis: market cap (A
Slide 17: Vietnam and Vin Fast
Vietnam and Vin Fast Vin Fast Developing an EV hub For personal use only Dinh Vu, Hai Phong Domestic OEM Market capitalisation Vin Fast $32B Battery cell subsidiary % of domestic GDP VinES >1.5% Key market MoU signed with BSX USA May 2022 Northern Vietnam ASX : BSX 17
Slide 18: Next months for Blackstone
Next 12 months for Blackstone For personal use only Refine and Increase Integrated Ta Accuracy of Project Khoa Project Parameters Determine Optimal Valuation Financing Structure Ta Khoa Project Definitive Final Investment Upstream PFS Feasibility Studies Decision Technical Focus on Fully Integrated
Slide 19: Blackstone Minerals: Looking forward. Mining green.
Blackstone Minerals Looking forward. For personal use only Mining green. 1 Resource • 485kt nickel sulphide project • Valuable exploration & equity interests 2 Integrated low-emission operation • Mining and refining to pCAM • Exceptional LCA (9.8kg CO2/kg NCM811) 3 Partnerships • Advanced OEM and te
Slide 20: Contact us
For personal use only CONTACT US T: +61 8 9425 5217 F: +61 8 6500 9982 E: admin@blackstoneminerals.com.au www.blackstoneminerals.com.au Level 5, 600 Murray Street, West Perth, WA, 6005
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