Prospect Resources Ltd. · ASX:PSC
Prospect Resources — Investor Presentation (July 2024)
20 slides from Prospect Resources's investor presentation, Jul 16, 2024
Slide 1: Leading Africa in the Battery and Electrification Metals Revolution
Investor Presentation Leading Africa in the Battery and Electrification Metals Revolution 16 July 2024 ASX:PSC | FRA:5E8
Slide 2: Important Notices
Important Notices Caution Regarding Forward Looking Information The information contained in this presentation or subsequently provided to any recipient of this presentation whether orally or in writing by or on behalf of Prospect Resources Ltd ("Prospect Resources” or “the Company") or its respecti
Slide 3: Prospect: Leading the Way
Prospect: Leading the Way Capital structure Market listings ASX: PSC | FRA: 5E8 Shares on issue 478.68M Share price (as at 15/07/24) A$0.14 Compelling opportunity to leverage strong Market capitalisation A$67.0 M fundamentals behind electric vehicle and Cash (30 June 2024) A$8.3 M decarbonisation
Slide 4: Corporate Strategy
Corporate Strategy Prospect’s Board has a well-established strategy framework, aligned with dynamic commodity market factors Battery and electrification metals focused explorer and Business developer Mumbezhi Copper Project, Zambia Existing assets Step Aside Lithium Project, Zimbabwe Omaruru
Slide 5: Experienced Board and Management
Experienced Board and Management MEng (Mineral Resource Evaluation), Roger Tyler BSc (Mining Geology), MAusIMM, Mwelwa Manda BCom (International Business and Economics), MSc Chief Geologist MSAIMM, ARSM, SACNASP Country Manager – (Strategic Project Zambia Management), MBA Roger is a geologist with o
Slide 6: Arcadia Lithium Project – Proven Capability
Arcadia Lithium Project – Proven Capability Prospect has an established reputation for substantial shareholder value generation through the systematic de-risking and advancement of the world-class Arcadia Lithium Mine Project Arcadia Lithium Mine Project in Zimbabwe. The team progressed Arcadia from
Slide 7: Looking Ahead - Mumbezhi Copper Project
1 Looking Ahead - Mumbezhi Copper Project Large-scale Mumbezhi Copper Project, located in the geologically prized Zambian Copper Belt Key tenure comprises an Exploration Licence (LEL) covering 356km2 Prospect successfully unlocked the disputed asset by securing two separate binding agreements
Slide 8: Copper: Delivering a Sustainable Future
1 Copper: Delivering a Sustainable Future GLOBAL COPPER MARKET (Mt Cu metal) 60 No economically viable substitute exists for copper 50 in the manufacturing of EVs, wind, and solar energy 53 Achieving net zero by 2050 will require a large 40 Projected Deficit increase in global mine supply of cop
Slide 9: Northwest Copper Belt – A Tier 1 Address
1 Northwest Copper Belt – A Tier 1 Address Mumbezhi is surrounded by several world-class copper mines including Sentinel and Kansanshi, operated by First Quantum Minerals Barrick Gold’s Lumwana Copper Mine is located approx. 30km to the east of Mumbezhi and holds: Lumwana’s conventional open p
Slide 10: Proven Geological Setting
1 Proven Geological Setting The Mwombezhi Dome is characterised by structures and older basement domes, surrounded by the Katangan Supergroup metasediments These sedimentary deposits host both the Central African and Zambian Copper Belts; a major source of global copper production, which generat
Slide 11: Prospectivity + Scalability
1 Prospectivity + Scalability The cornerstone Nyungu deposits lie within the southwest area of the Mumbezhi licence and represent relatively continuous, well-defined zones of copper mineralisation at the edge of a domal structure Zones range between the structurally complex, folded geometry at N
Slide 12: Significant Copper Mineral Resource Potential
1 Significant Copper Mineral Resource Potential Phase 1 Drilling (7,000m) is focused on the key Nyungu Central deposit, targeting Mineral Resource definition and extensional growth There are potential repetitions along strike, laterally and at depth adjacent to the deposit, like other parts of t
Slide 13: Historical Cu Prospectivity Validated
1 Historical Cu Prospectivity Validated A review of the recently purchased Orpheus data shows similar widths and Cu grades to historical data sets Prospect constructed two drilling cross sections through the Nyungu Central deposit using a 0.15% Cu cut- off grade at northings 8,630,000mN and 8,62
Slide 14: Exciting Regional Cu Prospectivity
1 Exciting Regional Cu Prospectivity Significant sets of technical data (geophysics, geology, geochemistry and drilling) are now available for the Mumbezhi Copper Project The current licence has ~75% coverage of soil geochemical data surveying, with Cu in soils proving to be a definitive method
Slide 15: Clear Potential Development Pathway
1 Clear Potential Development Pathway Maiden Phase 1 RC and diamond drilling programme has commenced, initially focused on Mineral Resource definition and extensional growth drilling at Nyungu Central Environmental and Social Impact Assessment (ESIA) studies are underway Commenced 3D interpret
Slide 16: Step Aside Lithium Project, Zimbabwe
1. 2 Step Aside Lithium Project, Zimbabwe 90% ownership; located within the Archaean Harare Greenstone Belt, approximately 35km east Zimbabwe’s capital city Harare Located 8km north of the Arcadia Lithium Mine Project, sold to Huayou Cobalt in 2022 for US$378M Claim comprises 100 hectares of pro
Slide 17: Omaruru Lithium Project, Namibia
2. 3 Omaruru Lithium Project, Namibia EPL 5533 (100%) tenement covers 175 km2 and is located 50 km east of Karibib in Namibia Contains 60 visible outcropping LCT pegmatites, with considerable prospectivity for further lithium-enriched deposits below cover Extensive soil geochemical sampling pr
Slide 18: Zimbabwe & Zambia Opportunities
3 Zimbabwe & Zambia Opportunities Zimbabwe Initial trenching to uncover the extents of Prospect executed a Joint Venture Earn-in Agreement in late May on the the flat lying pegmatite Bikita Gem Project. The Bikita Gem tenure comprises 18 claims over 401 hectares and is located on the northeaster
Slide 19: Funding and Operations
3 Funding and Operations Prospect is presently well funded through to early 2025, with 90% of budgeted expenditure to be on the Mumbezhi Copper Project Expenditure in Namibia has pared back to minimum holding cost on Omaruru In Zimbabwe, activities will be reduced as work has concluded on Step
Slide 20: Prospect Resources: Leading the Way
Prospect Resources: Leading the Way Electrification revolution presents a multi-decade opportunity with strong fundamentals Significant experience in mineral Proven ability in designing, exploration, technical flowsheet developing and delivering battery design and marketing metals projects in Africa
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