Euro Manganese, Inc. · TSXV:EMN
Euro Manganese — Investor Presentation (January 2020)
32 slides from Euro Manganese's investor presentation, Jan 20, 2020
Slide 1: Amended Corporate Presentation cover letter to ASX
For personal use only Listings Compliance Australian Securities Exchange Sydney NSW 2000 20 January 2020 Dear Sir/Madam Amended Euro Manganese Inc. Corporate Presentation – January 2020 The attached Amended January 2020 Corporate Presentation replaces the presentation originally lodged with the ASX
Slide 2: Manganese is Electric!
For personal use only Manganese is Electric! (The forgotten battery raw material.) GREEN AND EUROPEAN SOURCE OF ULTRA HIGH-PURITY MANGANESE
Slide 3: Green and European Source of Ultra High-Purity Manganese
For personal use only GREEN AND EUROPEAN SOURCE OF ULTRA HIGH-PURITY MANGANESE Corporate Presentation –January 2020 2
Slide 4: Cautionary Note: Forward-Looking Statements and Risks Notice
Cautionary Note For personal use only Forward-Looking Statements and Risks Notice Except for statements of historical fact relating to the Euro Manganese Inc. (“EMI” or the “Company”), certain information contained in this presentation constitutes forward-looking statements. When we discuss our cost
Slide 5: Compliance Statements
Compliance Statements Competent and Qualified Persons Statement For personal use only All production targets for the Chvaletice Manganese Project referred to in this presentation are underpinned by estimated Measured and Indicated Mineral Resources prepared by competent persons and qualified persons
Slide 6: Introduction to Euro Manganese
Introduction to Euro Manganese • Developing the Chvaletice manganese resource in the For personal use only heart of Europe in the Czech Republic. • 25-Year project designed by world-leaders in high- purity manganese production (“HPM”). • Recovering manganese by reprocessing tailings (waste recycling
Slide 7: Investment Highlights
Investment Highlights For personal use only 1 HPM MARKET 2 STRATEGIC 3 EXCELLENT 4 EASILY TREATED 5 WASTE 6 CLEAR 7 LED BY HIGHLY SET TO BE EUROPEAN INFRASTRUCTURE CARBONATE RECYCLING, NOT DEVELOPMENT EXPERIENCED TRANSFORMED SOURCE OF AND JURISDICTION TAILINGS MINING PLAN MANAGEMENT SUPPLY TEAM • HP
Slide 8: HPM Market Set to be Transformed
1 HPM Market Set to be Transformed Manganese Use in Li-ion Battery Market For personal use only 1,000 70% HPMSM 30% HPEMM 900 Total Mn Demand from 800 battery industry '000 metric tons Mn contained 700 (NMC and LNMO battery chemistries only) 600 500 400 HPMSM 300 35% HPMSM 200 65% HPEMM 100 HPEMM 0
Slide 9: HPM Market Set to be Transformed: Manganese in NMC and LNMO Cathodes
1 HPM Market Set to be Transformed Manganese Use in NMC and LNMO Cathode Formulations For personal use only • The vast majority of Li-ion batteries use 2,500,000 manganese in their cathodes and require HPM • Little price sensitivity given Mn is lowest cost input in a Li-ion battery (0.25%-2.3% of ba
Slide 10: HPM Market Set to be Transformed: Summary
1 HPM Market Set to be Transformed Summary For personal use only • Demand for HPM products growing rapidly around the world driven by growth of the electric vehicle and Li-ion battery industry • To date, the supply response has been entirely within China • NMC cathode chemistry expected to dominate,
Slide 11: Strategic European Source of Supply
2 Strategic European Source of Supply Europe is becoming a global hub for EV and battery production For personal use only FINLAND SLOVAKIA GERMANY ~15 GWh 10 GWh 32 GWh FINLAND TBD (Eastern Europe) SWITZERLAND 24 GWh 1 GWh FINLAND TBD Precursors & Cathodes FRANCE GERMANY 2 GWh Battery Cells POLAND P
Slide 12: Excellent Infrastructure and Jurisdiction
3 Excellent Infrastructure and Jurisdiction Strategically Located in the Heart of Europe For personal use only • Set in an industrialized valley with gentle topography, served by excellent infrastructure. Rail, gas, water and power are all available on the Project site • Adjacent to 820 MW power sta
Slide 13: Barriers to Entry in the HPM Market
4 Easily Treated Carbonate Tailings Barriers to Entry in the HPM Market For personal use only Photos show ultra high purity manganese products made from Chvaletice Manganese Project tailings during 2018 product development and testwork program. • Ultra-high-purity manganese products have emerged as
Slide 14: Simpler Cost-Effective Processing
4 Easily Treated Carbonate Tailings Simpler Cost-Effective Processing • Asia imports the majority of its manganese ore used for HPM production, predominantly from oxide sources in Africa For personal use only • In comparison, EMN processes tailings onsite with simple commercially proven technologies
Slide 15: Extensive Technical Studies and Testwork
4 Easily Treated Carbonate Tailings Extensive Technical Studies and Testwork For personal use only GREEN AND EUROPEAN SOURCE OF ULTRA HIGH-PURITY MANGANESE 14
Slide 16: Drilling & Bulk Sampling
4 Easily Treated Carbonate Tailings Drilling & Bulk Sampling For personal use only Sonic drill – modern, effective sampling tool Sonic drill “core” of soft, sandy tailings material 14.8 tonne bulk sample collected using Sonic drill for metallurgical and pilot plant testing GREEN AND EUROPEAN SOURCE
Slide 17: Fully Drilled Ore Body
4 Easily Treated Carbonate Tailings Fully Drilled Ore Body For personal use only 2017-2018 DRILL PROGRAM • 160-Hole 2017-2018 Sonic and auger drill program upgraded the resource estimate to a Measured and Indicated Status (98.3% of the resource classified as Measured under NI 43:101/JORC 2012) Cell
Slide 18: 2018 NI 43-101 / JORC Resource Estimate
4 Easily Treated Carbonate Tailings 2018 NI 43-101 / JORC Resource Estimate For personal use only • Updated Resource Estimate NI 43:101/JORC 2012 Resource Estimate included in • 2017 – 2018: 160-hole drilling Technical Report dated March 15, 2019 by Tetra Tech Canada Inc. program findings • Manganes
Slide 19: Meeting Europe's Circular Economy Goals by Recycling Waste
5 Waste Recycling, Not Mining Meeting Europe’s Circular Economy Goals by Recycling Waste • Extraction of Chvaletice manganese is expected to result in self-funding environmental For personal use only remediation of the Chvaletice site, bringing it in full compliance with all Czech and European Union
Slide 20: Permitting Momentum and Plant Site Land Secured
5 Waste Recycling, Not Mining Permitting Momentum and Plant Site Land Secured For personal use only • Baseline environmental studies completed. EIA preparation initiated with Q2 2020 Project Notification submission targeted • Rezoning process initiated. Both adjoining municipalities voted unanimousl
Slide 21: Pre-Feasibility Study-level Testwork Program
6 Clear Development Plan Pre-Feasibility Study-level Testwork Program For personal use only GREEN AND EUROPEAN SOURCE OF ULTRA HIGH-PURITY MANGANESE 20
Slide 22: Target Project Development Timeline
6 Clear Development Plan Target Project Development Timeline RECENT MILESTONES NEAR TERM MILESTONES For personal use only 2018 2019 2020/2021 2023 Upgrade resource estimate to NI 43-101 Complete NI-43-101/JORC Code Build and commission Start-up, commissioning Measured and Indicated status Prelim
Slide 23: Feasibility Study
6 Clear Development Plan Feasibility Study • Feasibility Study initiated in 2019 based on process flowsheet • Highly experienced Feasibility Study contributors: For personal use only developed during scoping and pre-feasibility study programs conducted during 2017 and 2018. Feasibility Study complet
Slide 24: Preliminary Chvaletice Plant Design
6 Clear Development Plan Preliminary Chvaletice Plant Design For personal use only GREEN AND EUROPEAN SOURCE OF ULTRA HIGH-PURITY MANGANESE 23
Slide 25: Demonstration Plant: The Key Next Step
6 Clear Development Plan Demonstration Plant: The Key Next Step. • Demonstration Plant (DP) is key element of EMN’s Chvaletice development strategy For personal use only • Lumpsum, turnkey EPC contract for DP awarded to CRIMM (Changsha Research Institute of Mining and Metallurgy, a division of China
Slide 26: Appendices
For personal use only APPENDICES 26 GREEN AND EUROPEAN SOURCE OF ULTRA HIGH-PURITY MANGANESE
Slide 27: Led by Highly Experienced Team: Canada
7 Led by Highly Experienced Team Canada For personal use only Marco Romero Martina Blahova Thomas Glück Fausto Taddei PRESIDENT & CEO, CHIEF FINANCIAL OFFICER VICE PRESIDENT, VP CORPORATE FOUNDER & DIRECTOR DEVELOPMENT DEVELOPMENT & CORPORATE SECRETARY • 20 years of experience in finance; • 27-year
Slide 28: Led by Highly Experienced Team: Europe
7 Led by Highly Experienced Team Europe For personal use only Jan Votava Wenling Sun Tomas Hochmann Blanca Dobrkovská Lucie Jaremová Erika Duchanová Vit Gloser MANAGING DIRECTOR (MANGAN STRATEGIC DIRECTOR, TECHNICAL DIRECTOR ENVIRONMENTAL PROCUREMENT COMMUNICATIONS DIRECTOR CORPORATE CHVALETICE S.R.
Slide 29: Non-Executive Directors
7 Led by Highly Experienced Team Non-Executive Directors For personal use only Roman Shklanka David Dreisinger Daniel Rosický Harvey McLeod John Webster Gregory Martyr CHAIRMAN & DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR CO-FOUNDER • Geologist, mine finder • Professor and chair • Practiced law fo
Slide 30: Euro Manganese Inc. - Capitalization
Euro Manganese Inc. - Capitalization For personal use only Dual IPOs completed on October 2nd, 2018. Capitalization as of December 31, 2019 Shares trade on the TSX Venture Exchange Shares (including ~77.7M CDIs) 176,265,435 and CHESS Depository Instruments (CDIs) Options 15,500,000 trade on the Aust
Slide 31: HP Manganese Market Opportunity
HP Manganese Market Opportunity Conversion to Cathode 0.473 kg 1.453 kg 1.439 kg For personal use only 1% loss 5% loss HPEMM HPMSM HPMSM MnSO4H2O Production Some new battery formulations Equivalent to will use up to 2.3 times more 0.445 kg manganese than the prevalent HPEMM NMC-111 chemistry Gross
Slide 32: Thank You!
For personal use only Thank You! Marco A. Romero | President & CEO | Tel: +1 (604) 681-1010 x 101 1500 - 1040 West Georgia Street | Vancouver, BC Canada V6E 4H8 info@Mn25.ca | www.Mn25.ca
Euro Manganese — Investor Presentation (January 2020) on 6ix