Euro Manganese, Inc. · TSXV:EMN
Euro Manganese — Investor Presentation (October 2018)
34 slides from Euro Manganese's investor presentation, Oct 2, 2018
Slide 1: Focus on Ultra High-Purity Manganese Products
For personal use only FOCUS ON ULTRA HIGH-PURITY MANGANESE PRODUCTS CORPORATE PRESENTATION | October 2nd, 2018
Slide 2: 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 3: Investment Highlights
Investment Highlights For personal use only WASTE REPROCESSING FROM STRATEGIC ASSET EXCELLENT INFRASTRUCTURE HISTORIC MINING OPERATION WITH TARGET~25-YEAR LIFE IN TIER-ONE JURISDICTION • EMN holds 100% of the rights to the • Significant indicated resource of 23.37 • Rail, highway, gas pipeline, wate
Slide 4: Investment Highlights
Investment Highlights For personal use only CLEAR TIMELINE TO STRONG MANGANESE HIGHLY EXPERIENCED DEVELOPMENT PRODUCT MARKET OUTLOOK MANAGEMENT TEAM • Extensive metallurgical test work • Stable, growing manganese demand in the • Solid multidisciplinary team with proven completed and pilot-plant test
Slide 5: Management Team - Canada
Management Team CANADA For personal use only Marco Romero Pierre Masse Thomas Glück Gary Nordin PRESIDENT & CEO, VICE PRESIDENT, FINANCE VICE PRESIDENT, CHIEF GEOLOGIST FOUNDER & DIRECTOR & CFO DEVELOPMENT • 39+ years of diversified international • 35+ years of international experience • 26-year tra
Slide 6: Management Team - Europe
Management Team EUROPE For personal use only Jan Votava Wenling Sun Klaus Acker Tomas Hochman MANAGING DIRECTOR (MANGAN STRATEGIC DIRECTOR, VICE PRESIDENT, TECHNICAL DIRECTOR CHVALETICE S.R.O.) & DIRECTOR CHINA MANGANESE MARKETS (EURO MANGANESE INC.) • 18+ years experience as an engineer and • Highl
Slide 7: Non-Executive Directors
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 and • Professor and chairholder of • Practiced law for 22 years • Geotech
Slide 8: Manganese Market
For personal use only MANGANESE MARKET FOCUS ON ULTRA HIGH-PURITY MANGANESE PRODUCTS 8
Slide 9: Manganese Market Opportunity
Manganese Market Opportunity For personal use only Photos show products produced from Chvaletice Manganese Project tailings during 2018 product development and testwork program. WHAT IS MANGANESE? 12th most abundant element on Earth. Ultra high-purity manganese products have emerged as a critical ra
Slide 10: Manganese Market Opportunity: Use in Li-ion Battery Market
Manganese Market Opportunity For personal use only MANGANESE USE IN Li-ION BATTERY MARKET Li-ion battery market due to increase ~13x in the next ten years, growing from 100 GigaWattHours (GWH) of annual capacity production in 2017 to 1300 GWH in 2030. The primary cathode chemistry in 2030 will be NM
Slide 11: Electric Vehicle Demand for Manganese
Electric Vehicle Demand for Manganese For personal use only Chevy Bolt BMW i3 BAIC EC 200 2020 Tesla Model 3 Battery Pack Size: 60 KWH Battery Pack Size: 42 KWH Battery Pack Size: 38.6 KWH Battery Pack Size: 57 KWH Battery Manufacturer: LG Chem Battery Manufacturer: Samsung SDI Battery Manufacturer:
Slide 12: Lithium Ion Battery Market Demand
Lithium Ion Battery Market Demand For personal use only Global Forecast of All Batteries by Electrode Chemistry (MWH), GLOBAL DEMAND BY 2016-2030 ELECTRODE MATERIAL 1,600,000 Underlying the massive growth over the next ten Other 1,400,000 LTO years is the emergence of NMC (the gray area in LFP the c
Slide 13: Lithium Ion Battery Market Demand: NMC Cathode
Lithium Ion Battery Market Demand For personal use only NMC CATHODE DEMAND BY NMC Global Forecast by Formulation, (MWH), 2016-2030 FORMULATION 1,000,000 NMC has three major formulations, each 900,000 expressed as a ratio of Nickel to Manganese to Cobalt: 800,000 700,000 NMC 1-1-1 Most NMC today is t
Slide 14: Manganese Sulfate Demand
Manganese Sulfate Demand Lithium Ion Batteries For personal use only HP-MSM SHIPMENT Global Forecast of Shipments for HPMSM for LiB in Tonnes, 2017-2030 FORECAST FOR Li ION 900,000 BATTERIES 800,000 Note that this forecast only tracks 700,000 HPMSM. There is a much larger market for low-grade, commo
Slide 15: Growing Lithium Battery Industry in Europe
Growing Lithium Battery Industry in Europe (The wave of production capacity development that has gone through Asia, is now washing over Europe) For personal use only RECENT ANNOUNCEMENTS SWEDEN Status: Broken ground on Phase 1 in Summer 2018 Planned Capacity: 32 GWH Local Supply Chain: Proposed ERFU
Slide 16: EMN Strategic Considerations: Two Key Production Pathways
EMN Strategic Considerations For personal use only TWO KEY PRODUCTION PATHWAYS ARE AVAILABLE TO EMI 1 HP Electrolytic Manganese Metal (99.9% EMM / HPEMM) Selenium-free, 99.9% Mn: Highest specifications Form: Flake and powder Use: From lithium ion battery cathodes to military grade super-alloys AND/O
Slide 17: EMN Strategic Considerations
EMN Strategic Considerations For personal use only Stack of oil pipeline segments Ford F-150 pickup aluminum frame and body Tesla Model S lithium ion battery GROWING MARKETS FOR HIGH- MARKET INTEREST PURITY MANGANESE PRODUCTS NMC and LNMO Lithium-Ion Batteries for Electric Vehicles Ongoing discussio
Slide 18: Overview of the Chvaletice Manganese Project
For personal use only OVERVIEW OF THE CHVALETICE MANGANESE PROJECT FOCUS ON ULTRA HIGH-PURITY MANGANESE PRODUCTS 18
Slide 19: Project Highlights
Project Highlights For personal use only LEADING MANGANESE PROJECT 100% ownership of rights to Chvaletice Manganese Resource 25-Year Life-of-Project /designed by world-leaders in the HPEMM and HPMSM field Recovering manganese by reprocessing tailings (waste recycling) • Major manganese resource. No
Slide 20: Project Highlights: Working in the Czech Republic
Project Highlights For personal use only Working in the Czech Republic Electrical supply – 820 MW power station adjacent to project site • Competitively-priced electrical power in Czech Republic (key cost driver). Key process inputs • Conventional reagents available in Czech Republic and Europe. • I
Slide 21: Project Location and Infrastructure
Project Location and Infrastructure For personal use only STRATEGICALLY LOCATED 90 KM EAST OF PRAGUE AND IDEALLY SITUATED TO SERVE CUSTOMERS ACROSS EUROPE. Set in an industrialized valley with gentle topography, served by excellent infrastructure Adjacent to 820 MW power station at a major node in t
Slide 22: Project 2017-2018 Progress: Metallurgical Testing and Process Design
Project 2017-2018 Progress For personal use only METALLURGICAL TESTING and PROCESS DESIGN March 2017 – HPEMM Metallurgical Testing Initiated Extensive metallurgical testwork program comprised of hundreds of tests, including beneficiation, leaching, purification and electrowinning with Changsha Resea
Slide 23: Metallurgical Testing
Metallurgical Testing For personal use only MINERAL PROCESSING & METALLURGICAL TESTING Recent Findings of Bulk Sample Pilot-Scale Metallurgical Testwork (preliminary) • Magnetic Separation pilot scale tests were successful and confirmed earlier exploratory results. • Leaching test were successful. G
Slide 24: Project 2017-2018 Progress: Engineering
Project 2017-2018 Progress For personal use only ENGINEERING January 2017 and On-going – Process Design and Economic Assessment • Various engineering studies initiated with China’s CINF Engineering, a division of Aluminum Company of China/Chinalco, for process and Project design, as well as capital
Slide 25: Project 2017-2018 Progress: Site Activities
Project 2017-2018 Progress For personal use only SITE ACTIVITIES Early 2017 Backhoe samples collected for characterization studies and exploratory metallurgical testing in China and Canada. Summer-Winter 2017 • 80-hole Sonic drill program completed. • Bulk sample (14.8 tonnes) collected for metallur
Slide 26: Project 2017-2018 Progress: Resource Definition and Permitting
Project 2017-2018 Progress For personal use only RESOURCE DEFINITION November 2017 Tetra Tech Canada Inc completed NI43:101/JORC- compliant Indicated and Inferred Mineral Resource Estimate. (Updated report issued on June 21, 2018.) TENURE AND PERMITTING December 2017 Euro Manganese secured registrat
Slide 27: Summer 2017: Drilling & Bulk Sampling
Summer 2017: 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 FOCUS ON ULTRA HIGH-PURITY MANGANESE PRODUCTS 27
Slide 28: Summer 2017: Drilling & Bulk Sampling
Summer 2017: Drilling & Bulk Sampling For personal use only 2017 DRILL PROGRAM COMPLETED HOLE LAYOUT 80-hole 2017 Sonic drill program has validated historical tonnage and grades. Sampling & Test results have shown excellent correlation with historical study results. Representative 14.8-tonne bulk sa
Slide 29: Summer 2018: 2nd Drilling & Bulk Sampling Program
Summer 2018: 2nd Drilling & Bulk Sampling Program For personal use only 2018 DRILL PROGRAM HOLE LAYOUT - ONGOING 48-Hole 2018 Sonic drill program was designed to upgrade the resource estimate to a Measured and Indicated Status. Resulting resource model is expected to form a reliable basis for mine p
Slide 30: Resource Estimate
Resource Estimate For personal use only NI43:101/JORC-Compliant Resource Estimate 2017 – 80-hole drilling program findings Updated Technical Report issued on June 21, 2018 by • Manganese is largely evenly distributed through entire Tetra Tech – a leading diversified North American deposit. engineeri
Slide 31: Target Project Development Timeline
Target Project Development Timeline For personal use only SHORT TERM MILESTONES MEDIUM TERM MILESTONES 2018 2019 2020/2021 2022 Upgrade resource estimate to Measured Establish a demonstration/ Detailed engineering Start-up, commissioning and Indicated status: Drilling completed training pilot plant
Slide 32: Going Forward
Going Forward For personal use only FOCUS ON ULTRA HIGH-PURITY MANGANESE PRODUCTS 32
Slide 33: Chvaletice Manganese Project Highlights
Chvaletice Manganese Project Highlights For personal use only Europe’s largest manganese deposit – Could become its EMN has negotiated agreement to purchase strategic land for only primary producer of HPEMM and/or HPMSM. plant site. Due diligence underway. EMN focus on production of ultra-high purit
Slide 34: For personal use only
For personal use only FOCUS ON ULTRA HIGH-PURITY MANGANESE PRODUCTS Marco A. Romero 1500 - 1040 West Georgia Street President & CEO Vancouver, BC Canada V6E 4H8 Tel: +1 (604) 681-1010 x 101 info@Mn25.ca www.Mn25.ca
Euro Manganese — Investor Presentation (October 2018) on 6ix