Kodal Minerals Plc · LSE:KOD
Kodal Minerals — Corporate Update (March 2024)
15 slides from Kodal Minerals's corporate update, Mar 28, 2024
Slide 1: Bougouni Lithium Project Update Q1 2024
Bougouni Lithium Project Update Q1 2024 Investor Presentation – March 2024
Slide 2: Disclaimer
Disclaimer The information contained in this document (“Presentation”) and the presentation made to you verbally has been prepared by Company’s results of operations, performance, financial condition, prospects, growth, strategies and the industry in which the Kodal Minerals PLC (the “Company”). Kod
Slide 3: Africa’s Next Lithium Producer
Africa’s Next Lithium Producer Bougouni Lithium Project, Mali Strong free cash flow expected post Significant Upside Q4/24 Solid JV partnership with Hainan/Fosun Stage 2: 10+ years on current MRE with limited Stage 1: Low capex, low AISC, highly profitable drilling to date (28,000m) • Fully financed
Slide 4: Bougouni Lithium Project: Q1 2024 Progress
Bougouni Lithium Project: Q1 2024 Progress ✓ JV team reviewed and approved project development plan for Stage 1 (DMS) ✓ Stage 1 capital expenditure of US$65m - in line with forecasts ✓ Long lead Items ordered - DMS units and dual stream crushing modules & work commenced on fabrication of units ✓ Min
Slide 5: 2024 Construction Schedule
2024 Construction Schedule 5
Slide 6: Project Team in Mali
Project Team in Mali PAUL REEVES MOHAMMED NIARÉ YUSHENG CAI JERRY GAO STEVE ZANINOVICH CHIEF FINANCIAL OFFICER MALI COUNTRY MANAGER HAINAN GENERAL MANAGER OF HAINAN VP OPERATIONS KODAL OPERATIONS DIRECTOR • Qualified Chartered • Malian national with over 25 OPERATIONS • Metallurgist with 20 years’ •
Slide 7: Bougouni Stage 1 DMS
Bougouni Stage 1 DMS Bougouni BOUGOUNI LITHIUM DMS c.125,000tpa CAPEX c.$65M Lithium Mine OPEX AISC $647/t of concentrate produced IRR 274% / <3month payback In Production by FREE CASHFLOW $712M (pre-tax) Q4’24 NPV7 $420M (after 4-year LOM) CONVENSIONAL BLAST, LOAD LOM 2.8M BCM pa, strip 7.5:1 AND H
Slide 8: Bougouni Stage 1 – Ngoualana / DMS
Bougouni Stage 1 – Ngoualana / DMS Degrit Stockpile Substation Fines Stockpile Power Stn 2 x DMS Modules Distributor Product Stockpile Crushed Ore Feed 8
Slide 9: Bougouni JV Partner – Hainan Group
Bougouni JV Partner – Hainan Group 100% offtake secured with JV partner Hainan Mining is a subsidiary Invested US$100M for a 51% Hainan acquired 14.7% of Bougouni to supply feedstocks to of Fosun International stake in Bougouni asset Kodal Minerals plc via Hainan’s Lithium Hydroxide Plant in US$17.7
Slide 10: Lithium Fundamentals
,> Kodal (’ Minerals Lithium Fundamentals
Slide 11: Why Lithium?
Why Lithium? Addressing increased global demand Fast-growing Lithium demand to reach 4,500 gigawatt- hours by 2030 (fig. 1) Global lithium demand could reach 4,500 gigawatt-hours by 2030 • 2030 Li demand for batteries to reach 95% of total market vs 30% in 2015¹ • EVs main demand driver - EV sales f
Slide 12: Why Lithium?
Why Lithium? Addressing increased global demand Electric Vehicle Sales Will Reach Roughly 40 Million by Top 10 countries with largest lithium reserves, million metric tons 2030 Number of battery electric vehicles sold (millions, left) and % of total global auto sales (right) 2016-30e Fig.2 Fig.3 12
Slide 13: Sustainability
Sustainability
Slide 14: Community Consultation
Community Consultation ESIA approved and Community Development Program Established ✓ Mali’s Minister for Environment endorsed Stage 1 DMS Project development program and development of DMS processing site ✓ Updated ESIA for Bougouni Project Phase 1 DMS approved ✓ Community consultation committee est
Slide 15: Contact details and advisers
BERNARD AYLWARD ALLENBY CAPITAL LTD CANACCORD GENUITY BUCHANAN SP ANGEL Chief Executive Officer Nominated Adviser Joint Broker Financial PR & IR Financial Adviser & Joint Broker E: bernard@kodalminerals.com E: j.porter@allenbycapital.com E: jasensio@cgf.com E: kodal@buchanancomms.co.uk E: richard.pa