Reward Minerals Ltd · ASX:RWD
Reward Minerals — Investor Presentation (March 2023)
23 slides from Reward Minerals's investor presentation, Mar 29, 2023
Slide 1: Reward Minerals Investor Update
REWARD “A Leading Potassium Sulphate Development MINERALS Company” LIMITED Investor Update Lorry Hughes - CEO March 2023, Perth, Western Australia ASX | RWD www.rewardminerals.com
Slide 2: Forward Looking Statements & Disclaimer
FORWARD LOOKING STATEMENTS & DISCLAIMER This document includes forward-looking statements. When used in this document, the words such as “could”, “plan”, “estimate”, “expect”, “intend”, “may”, “potential”, “should”, “seek” and similar expressions are forward-looking statements. Although RWD believes
Slide 3: Summary: Key Value Targets for Reward Minerals
SUMMARY Key Value Targets for Reward Minerals ❑ Development of new Potassium Sulphate (“SOP”) processing technology (the “Reward Process”) and seek to confirm potentially significant operating and capital costs savings compared to existing technology; ✓ Latest testwork confirms the efficacy of the R
Slide 4: Corporate Snapshot (ASX: RWD, RWDO)
CORPORATE SNAPSHOT (ASX: RWD, RWDO) Capital Structure Current Management Ordinary Shares on Issue 227.8M Colin McCavana – Non-Executive Chairman +30 years experience in resources and earthmoving industries Options on Issue ($0.20) 39.1M Ex MD of Haddington Resources Ltd. & Chair of Northern Minerals
Slide 5: Key Personnel - Experience
KEY PERSONNEL - EXPERIENCE +50 years combined salt & potash experience – highly experienced ✓ Reward Minerals has been exploring and developing potash brine and buried evaporite deposits in Australia (+16 years) ✓ Director - Dr. Michael Ruane PhD (Chemistry) MRACI has been leading technical assessme
Slide 6: The Reward SOP Process
THE REWARD SOP PROCESS ✓ No mechanical 21 g/l SOP 24 g/l SOP 9 g/l SOP harvesting ✓ No flotation upgrade required Redissolved SOP Rich Brine ✓ Uses conventional fixed plant components +50% K ✓ Material cost Add to Syn. reduction likely Gypsum +95% K ✓ Applicable for most from Syn. sulphate brine res
Slide 7: The Reward Process: Key Advantages
THE REWARD PROCESS Key Advantages ❑ The Reward Process extracts Potassium (K) and Sulfate (SO 4) components directly from high sulphate brines avoiding mechanical harvesting and flotation upgrade of crude Potash solids (KTMS); ✓ Mechanical harvesting of KTMS is expensive and requires sophisticated p
Slide 8: The Reward Process – Recent Results
THE REWARD PROCESS – RECENT RESULTS1 ✓ Recent laboratory work program confirmed the efficacy of the Reward Process for recovery of Potassium Sulphate (“SOP”) from seawater and other high sulphate brines ✓ +50% first pass extraction of K to the solid Syngenite salt achieved from concentrated seawater
Slide 9: The Reward Process: Next Steps
THE REWARD PROCESS Next Steps ❑ Complete the development of the Reward Process (Australian Provisional Patent Application Lodged) – submission due prior to 11 August 2023 ❑ New Engineering Scoping Study in progress for completion – June Quarter 2023 ❑ confirm model for production of SOP from seawate
Slide 10: Solar Salt Operations
SOLAR SALT OPERATIONS The Reward Process is flexible and can be used to recover SOP from solar salt bitterns and other sulphate brine Resources 10
Slide 11: Positive ESG Contribution Goals
POSITIVE ESG CONTRIBUTION GOALS Aims 1. Replace Mannheim process route for SOP - substantially reducing CO2 emissions 2. Build resilient infrastructure, promote sustainable industrialisation, foster innovation 3. Reduce emissions from fertilizer production Environment 4. Increase availability of hea
Slide 12: SOP Prices at All Time Highs
SOP PRICES AT ALL TIME HIGHS SOP pricing is underpinned by ✓ Global transition to sophisticated farming methods ✓ Global scarcity ✓ Low-chloride fertilizer demand ✓ Increased SOP usage for higher value crops. 12
Slide 13: SOP Superior to MOP
SOP SUPERIOR TO MOP Sulphate of Potash (SOP) Muriate of Potash (MOP) Market Size Market Size 7Mtpa 70Mtpa A premium-quality and priced potash fertilizer with two distinct Applied to low value, chloride tolerant crops such as rice, maize nutrients: potassium (K) and sulphur (S). The key advantage of
Slide 14: Solar Salt and Potash - WA
SOLAR SALT AND POTASH - WA • WA has >12Mt pa Salt output and with the proposed BCI, K+S Rio Tinto Dampier Salt and Leichhardt projects capacity Operations FIN could increase by ~90% (Salt + SOP) Mitsui • Critical technical issues Onslow Salt Operations Leichhardt encountered at emerging K+S (Salt) (
Slide 15: Next Steps for Reward
NEXT STEPS FOR REWARD Focus on developing Reward’s technology • Worldwide engagement with third party SOP, solar salt and desalination companies, aiming to secure a strategic partner for a development and production JV using the Reward Process; • Currently engaged with a number of solar salt and pot
Slide 16: Appendix A - KP Lake Potash Project
APPENDIX A - KP LAKE POTASH PROJECT Advantages • Globally significant SOP Project, located in Little Sandy Desert where there is very high evaporation rates and low Detailed, rainfall; Highest conservative Native title PFS secured, ILUA evaporation, • Insitu SOP Resource 596Mt Low rainfall in place
Slide 17: Appendix A – KP Lake Routes to Port
APPENDIX A – KP LAKE ROUTES TO PORT • Route A via Newman = 840 km • Sealed ~500 km • Unsealed ~340 km • Route B via Marble Bar = 750 km • Sealed ~370 km • Unsealed ~380 km Rail infrastructure (Iron ore) 388km from KP Lake, thence 450km to Port Hedland. 17 For Sources and Notes – See “Compliance Sect
Slide 18: Appendix A - Future Outlook
APPENDIX A - FUTURE OUTLOOK Continued work on the PFS review • Preliminary review of material movement parameters completed ready for update of engineering, capital and unit operational costs by appropriate technical firms • Laboratory testwork continuing to enhance the SOP recovery flowsheet and to
Slide 19: Appendix B – McKay Range JV Project
APPENDIX B – MCKAY RANGE JV PROJECT Joint Venture with FMG Resources Pty Ltd • FMG Resources Pty Ltd is a wholly owned subsidiary of Fortescue Metals Group Ltd (“Fortescue”); • Fortescue is the operator of the JV and has the right to earn an 80% interest in E45/3285 and E45/4090 by spending $2 milli
Slide 20: Appendix B – McKay Range JV Project
APPENDIX B – MCKAY RANGE JV PROJECT • Fortescue has completed a significant amount of systematic exploration on the JV tenements to date including; • geological mapping • geochemical sampling • geophysical surveys. • Maiden RC drilling comprising 7 holes 1,338m completed in December Quarter 2022 • R
Slide 21: Reward Minerals - Contacts
REWARD MINERALS - CONTACTS Executive Director – Dr. Michael Ruane PhD (Chemistry) MRACI Email: michael.ruane@rewardminerals.com Phone: +61 8 9386 4699 Mobile: +61 411 166 301 CEO – Lorry Hughes BSc. (Geology) MAusIMM Email: lorry.hughes@rewardminerals.com Phone: +61 8 9386 4699 Mobile: +61 400038439
Slide 22: Compliance Section
COMPLIANCE SECTION Competent Person Statement The information in this presentation that relates to the existing Kumpupintil Lake (Lake Disappointment) Project Mineral Resource Estimate and hydrogeology is extracted from the report titled “Lake Disappointment (LD) Project Confirmed as a Globally Sign
Slide 23: Compliance Section
COMPLIANCE SECTION Information Sources: a list of Reward’s ASX Releases as sources of information contained in this Presentation 1. See ASX announcement released 7 February 2017, titled “Lake Disappointment (LD) Project Confirmed as a Globally Significant Tier 1 Sulphate of Potash Deposit”. 2. See A