Neometals Ltd · ASX:NMT
Neometals — Shareholder Meeting (November 2022)
45 slides from Neometals's shareholder meeting presentation, Nov 25, 2022
Slide 1: Greener Battery Materials – AGM Presentation
For personal use only Greener Battery Materials AGM Presentation – 25 November 2022 Authorised for release by Christopher Reed, ASX: NMT | AIM: NMT | OTC: RDRUY | DEU: 9R9 Managing Director of Neometals ASX: NMT | AIM: NMT | OTC: RDRUY | DEU: 9R9 neometals.com.au
Slide 2: Disclaimer
Disclaimer For personal use only Summary information: Investment risk: This document has been prepared by Neometals Ltd (“Neometals” or “the Company”) to provide An investment in securities in Neometals is subject to investment and other known and unknown risks, summary information about the Company
Slide 3: Executive Summary
EXECUTIVE SUMMARY For personal use only Neometals is an emerging, sustainable battery materials producer. 3 business units Underpinned by ESG commitment. Focus on continuous Strong, growing team supporting energy proprietary, green, Recycling and development and with track-record of transition in th
Slide 4: Green Battery Materials Portfolio
Green Battery Materials Portfolio • Focus on Europe and North America For personal use only • Emerging as World’s 2nd and 3rd biggest battery producing regions ASX: NMT | AIM: NMT | OTC: RDRUY | DEU: 9R9 4 neometals.com.au
Slide 5: Core Business Snapshot
Core Business Snapshot For personal use only Lithium-ion Vanadium Lithium Battery Recovery Chemicals Business Unit Recycling Co-operation Agreement for Reed Advanced Materials (“RAM”) 70:30 50:50 Incorporated JV 50:50 Incorporated JV Incorporated JV Business Unit Partners 30% Project Development Par
Slide 6: Experienced & Growing Team
Experienced & Growing Team For personal use only Steven Cole Chris Reed Dr Natalia Streltsova Dr Jennifer Purdie Les Guthrie Doug Ritchie Chair Managing Director / CEO Michael Tamlin Merrill Gray Jason Carone Darren Townsend Company Secretary / COO/Lithium Head of Recycling CDO/Vanadium CFO Jeremy M
Slide 7: Corporate Dashboard
Corporate Dashboard For personal use only JOINS ASX300 EFFECTIVE 16 SEPTEMBER 2022, NEOMETALS HAS SIGNIFICANTLY OUTPERFORMED THE ASX300, A$82M RETURNED VIA DIVIDENDS AND BUY BACKS IN THE LAST ~6 YEARS ASX: NMT OTC:RDRUY`` 12 MONTH SHARE PRICE PERFORMANCE 5-Year TSR(3) Shares on Issue(1) m 552.7 2.00
Slide 8: Sustainability
Sustainability Neometals is committed to optimising For personal use only finite resources with circular practices to benefit society and the environment for a sustainable future • Focus on production of sustainable battery materials - reducing reliance on new mined materials. • Commercialising inte
Slide 9: Lithium-ion Battery (LiB) Recycling
For personal use only Lithium-ion Battery (LiB) Recycling Intellectual Property Holding Company 100% Neometals (SMS group earning 50%) Primobius GmbH – Commercialisation Incorporated 50:50 JV with SMS group ASX: NMT | AIM: NMT | OTC: RDRUY | DEU: 9R9 neometals.com.au 9
Slide 10: Need ST Capacity for Production Scrap and LT Scale for EOL
Need ST Capacity for Production Scrap and LT Scale for EOL For personal use only ASX: NMT | AIM: NMT | OTC: RDRUY | DEU: 9R9 neometals.com.au 10
Slide 11: Recycling demand drivers
Recycling demand drivers PARTICIPANTS IN THE BATTERY VALUE CHAIN ARE LARGE OPPORTUNITY FOR SUNRISE For personal use only SEEKING SOLUTIONS TO REDUCE CO2 AND SATISFY HYDROMETALLURGICAL RECYCLING PROVIDERS REGULATORY / MORAL OBLIGATIONS • Solution to OEMs needing to meet proposed regulations • Strateg
Slide 12: Primobius Hub & Spoke Solution
Primobius Hub & Spoke Solution For personal use only 🗸🗸 Sustainable, lower CO2 emissions 🗸🗸 High battery material recoveries 🗸🗸 Designed for industrial scale-up 🗸🗸 Established customer pipeline ASX: NMT | AIM: NMT | OTC: RDRUY | DEU: 9R9 12 neometals.com.au
Slide 13: Base Metal Refinery Recycling Batteries and Producing Battery Raw Materials
Base Metal Refinery Recycling Batteries and Producing Battery Raw Materials For personal use only Typical LiB EV Battery Composition Supply Deficits for Key Recovered By 2040, Recycled LCE will be the Using NCM 811 Chemistry Material (% of Demand 2040) main source of Lithium Emergence of supply defi
Slide 14: Flexible Business Model to Meet Customer Needs
Flexible Business Model to Meet Customer Needs For personal use only Operational Model Revenue Model 100% of revenue 1 recouped for the Develop Primobius sustainable recycling plants to recycle LiB Increasing Feed Volumes of LiBs and the sale of Principal recovered materials A DIFFERENTIATED MARKET
Slide 15: Commercial Pipeline
Commercial Pipeline* For personal use only Operational Targeted Growth Plan Scale Up Opportunity Total Addressable Market (US$bn) % End of Life / Warranty Volumes 50 ~95% ~80% ~92% 40 Capacity: 10tpd Spoke Capacity: 50tpd Integrated Plant type: Shredding Plant type: Shredding/Refining 30 Products: B
Slide 16: Hilchenbach Spoke – establishing market share in Europe
Hilchenbach Spoke – establishing market share in Europe then expanding to fill the capacity deficit For personal use only Source: Benchmark Mineral Intelligence (Gigafactory cell capacity, June 2021 & Apr 2022) and Neometals Management (utilisation rate 75%, scrap rate 15%, 8 year battery life, and
Slide 17: Partnership with Mercedes-Benz
Partnership with Mercedes-Benz COOPERATION AGREEMENT WITH MERCEDES-BENZ (LICULAR GMBH)* MERCEDES-BENZ TARGET CELL PRODUCTION** For personal use only 200 GWh ~3.5% • One of the leading premium global automotive players of Global having produced 2.3 million vehicles in 2021 Vehicle Sales • Targeting 1
Slide 18: Partnership with Stelco
Partnership with Stelco TECHNOLOGY LICENSE AND JV OPTION (≤50%) WITH STELCO IN NORTH STELCO IS POSITIONED TO BE A LEADER IN THE ELECTRIC VEHICLE CIRCULAR For personal use only AMERICA* ECONOMY in North America Option to acquire 25-50% of the equity* • Recycling venture to offer a holistic end-of-lif
Slide 19: Greenfields Integrated Refinery - Germany
Greenfields Integrated Refinery - Germany EVALUATION OF A POTENTIAL INTEGRATED OPERATION IN GERMANY For personal use only • Staged Engineering and Cost Study (“ECS”) will deliver Operating & Capital Costs for a 50 tpd (~20,000 tpa) integrated operation covering: • Inbound LIB storage • Discharging a
Slide 20: European Regulation Driving Automakers to Close the Loop
European Regulation Driving Automakers to “Close the Loop” For personal use only Battery Recycling Regulations Cu Cu Minimum LiB - 90% Higher required - 95% Carbon footprint Max lifecycle recycling - 90% minimum - 95% declaration to carbon impact of recovery rates - 90% recycling - 95% customers LiB
Slide 21: Robust Economics Across Key Battery Chemistries
Robust Economics Across Key Battery Chemistries For personal use only Disclosed capital costs include land, plant, buildings, plant and equipment, Integrated (“Spoke & Hub”) Projected Revenue per installation, infrastructure, pre-production, EPC costs and contingency Tonne of Common LiB Cell Chemist
Slide 22: Indicative Timeline – LiB Recycling
Indicative Timeline – LiB Recycling For personal use only MarQ 23 JunQ 23 SepQ 23 DecQ 23 Spoke Plant Supply ECS for 50tpd Hub Commence installation Commence Agreements for MB* Plant in Germany of Spoke for MB* Commissioning Spoke for MB* Hub Plant Supply Agreement for MB* Spoke Plant Supply Conside
Slide 23: Unique Positioning for Rapid Growth
Unique Positioning for Rapid Growth For personal use only Underpinned by the recovery of key Early mover advantage to deliver battery materials with their attractive industrial LiB hydromet recycling outlook Rapidly growing TAM as EOL Potential to capture premiums for Robust Early Mover batt
Slide 24: Vanadium Recovery
For personal use only Vanadium Recovery Vanadium Recovery Process Technology 100% Neometals Vanadium Recovery Project 1 - Finland Evaluating a 50:50 Incorporated JV with Critical Metals Ltd ASX: NMT | AIM: NMT | OTC: RDRUY | DEU: 9R9 24 neometals.com.au
Slide 25: Vanadium Recovery
Vanadium Recovery For personal use only INVESTMENT CASE SIGNIFICANTLY INCREASING NEOMETALS SOLUTION ADDRESSABLE MARKET • EU domestic sustainable sources of this critical battery material required UNIQUE VANADIUM RECOVERY PROCESSING TECHNOLOGY TO SUSTAINABLY PRODUCE HIGH-PURITY VANADIUM WITH LOWEST •
Slide 26: Issue and Need
Issue Need For personal use only • EU in supply deficit and totally reliant on Russian feedstock • EU domestic sustainable sources of this critical battery material • World reliant on Chinese production but it is a net importer! • Low or zero carbon supply footprint required by EU • High purity mate
Slide 27: Pori, Finland – Proposed First Vanadium Recovery Plant
Pori, Finland – Proposed First Vanadium Recovery Plant For personal use only • City of 86,000 inhabitants with a long history as a hydrometallurgical centre of excellence • Access to a ‘build-ready’ 20 hectare industrial-zoned site adjacent to the deep water, year-round port with rail access to the
Slide 28: Robust financial metrics – no mining risk
Robust financial metrics – no mining risk SALE OF HIGH PURITY V TO BATTERY INDUSTRY PLUS BY-PRODUCTS TO INDUSTRIAL APPLICATIONS. For personal use only SUPPORTED BY LOWEST QUARTILE COSTS AND ESG CREDENTIALS Class 3 Engineering Cost Study 2022 Vanadium Cost Curve imbalance for Vanadium with demand ups
Slide 29: Indicative Timeline – Vanadium Recovery
Indicative Timeline – Vanadium Recovery For personal use only Successfully obtained Environmental Permit in October 2022 30 June 2022 Dec 2022 30 June 2023*** Q1 2026*** Cl. 3 Finalise new Neometals making a First production Engineering agreement with positive FID* from the plant** Cost Study SSAB P
Slide 30: Investment Case – Vanadium Recovery
Investment Case – Vanadium Recovery For personal use only Forecast supply / demand imbalance MoU signed with H2GS AB for a second for Vanadium with demand upside larger Vanadium Recovery Project – from new lithium vanadium battery Boden, Sweden. Significant Future Strong Fundamentals cathode che
Slide 31: Lithium Chemicals
For personal use only Lithium Chemicals ELi ® Processing Technology Reed Advanced Materials (“RAM”) 70% Neometals / 30% Mineral Resources Ltd Lithium Chemicals Project - Portugal Co-funding evaluation of 50:50 JV with Bondalti Chemicals SA using ELi® Process ASX: NMT | AIM: NMT | OTC: RDRUY | DEU: 9
Slide 32: Lithium Chemicals
Lithium Chemicals For personal use only INVESTMENT CASE SIGNIFICANTLY INCREASING NEOMETALS SOLUTION ADDRESSABLE MARKET • Utilises off-the-shelf technologies to produce lithium chemicals • Lithium is a key non-substitutable chemical in LiBs • Battery quality products • EU currently has no lithium pro
Slide 33: Bondalti Partnership
Bondalti Partnership For personal use only LEVERAGE BONDALTI’S STRONG EXPERIENCE IN CHLOR-ALKALI EXTENSIVE INFRASTRUCTURE ENABLES FAST-TRACK EVALUATION AND PILOTING AT THEIR ESTARREJA CHEMICAL SITE Bondalti: • Largest Portuguese chemical producer - based in Estarreja chemical cluster • Seeking entry
Slide 34: Indicative Timeline - Lithium Chemicals
Indicative Timeline - Lithium Chemicals For personal use only DecQ 2022 MarQ 2023 JunQ 2023 DecQ 2023 1H 2024 Bench-scale Trials Completion of Pilot Completion of Pilot Complete Commence Trials Trials construction of Demonstration Demonstration Plant Trials Completion of Upgrade ECS with AACE Cl.3 E
Slide 35: Investment Case – Lithium Chemicals
Investment Case – Lithium Chemicals For personal use only Neometals (through RAM) can deploy Technology well guarded. Importantly globally (ex-EU) as principal, in the process has been proven at semi- partnership with, or licence to lithium Flexible business pilot scale and supported by develope
Slide 36: Barrambie Titanium and Vanadium
For personal use only Barrambie Titanium and Vanadium Barrambie Titanium and Vanadium Project 100% Neometals ASX: NMT | AIM: NMT | OTC: RDRUY | DEU: 9R9 neometals.com.au 36
Slide 37: Barrambie: Sunrise for the Sleeping Giant
Barrambie: Sunrise for the Sleeping Giant For personal use only • One of the highest-grade hard rock titanium assets globally • 100% owned in Tier 1 jurisdiction • Granted mining lease and mining approval to extract approximately 1.2Mtpa of mineralisation • Environmental approval secured in 2012 to
Slide 38: Need & Opportunity
Need & Opportunity For personal use only China is half of the global titanium pigment production and is shifting to the more sustainable chloride process World supply of quality chloride feedstocks is in decline, with prices steadily increasing for the last 5 years • Chloride pigment production requ
Slide 39: The Solution: Pathways to Commercialise
The Solution: Pathways to Commercialise For personal use only For full details refer to Neometals ASX release dated 17th November 2022 titled “Robust Outcomes From Barrambie Titanium Project PFS” ASX: NMT | AIM: NMT | OTC: RDRUY | DEU: 9R9 39 neometals.com.au
Slide 40: Robust PFS Results
Robust PFS Results For personal use only • The PFS confirms ‘value-in-use’ for Barrambie’s product basket and supports dialogue with potential offtake partner Jiuxing For full details refer to Neometals ASX release dated 17th November 2022 titled “Robust Outcomes From Barrambie Titanium Project PFS”
Slide 41: Indicative Timeline - Barrambie
Indicative Timeline - Barrambie For personal use only Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Preparation of 100t Completion of Completion of Execution of Formal Execution of Bulk Sample for Jiuxing Plant Trials Cl.4 PFS Offtake Agreement Barrambie BOO/T Jiuxing Commercial with Jiuxing* Contract* Ev
Slide 42: Investment Case
Investment Case For personal use only China is transitioning from sulphate Track record of working with partners to more environmentally friendly and to de-risk and deliver project execution sustainable chloride titanium outcomes with strong returns to Proven Partnering production, so securing a
Slide 43: Company Highlights
Company Highlights Neometals is an attractive investment. For personal use only Growing portfolio of ESG-aligned, sustainable battery materials businesses with near-term decision points Proprietary green processing technologies underpin low-cost, low- carbon product Clear strategy to commercialise w
Slide 44: Thank you.
For personal use only Thank you. neometals.com.au ASX: NMT | AIM: NMT | OTC: RDRUY | DEU: 9R9 ASX: NMT | AIM: NMT | OTC: RDRUY | DEU: 9R9 44 neometals.com.au
Slide 45: Mineral Resource and Ore Reserve Estimate
Mineral Resource and Ore Reserve Estimate For personal use only (1) Based on Cut-off grades of ≥10% TiO2 or ≥0.2% V2O5 (2) The high-grade titanium and vanadium figures are a sub-set of the total Mineral Resource. These figures are not additive and are reporting the same block model volume but using