Syrah Resources Limited · ASX:SYR
Syrah Resources — Shareholder Meeting (November 2015)
38 slides from Syrah Resources's shareholder meeting presentation, Nov 13, 2015
Slide 1: Annual General Meeting Presentation
For personal use only Annual General Meeting Presentation 13 November 2015 0
Slide 2: Disclaimer
For personal use only Disclaimer This presentation is for information purposes only. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction. This presentation may
Slide 3: Our vision and values
For personal use only Our vision Syrah’s vision is to be the leading supplier of superior quality graphite products, working closely with our customers and supply chain to innovate and bring enhanced value to industrial and emerging technology markets globally Our values Syrah is committed to: • WOR
Slide 4: 2015 Highlights
For personal use only 2015 Highlights 3
Slide 5: Building the world's premier graphite company
For personal use only Building the world’s premier graphite company • Feasibility Study confirms the world class potential of the Balama Project Balama • Low cost producer of superior quality graphite products • Targeting “traditional” industrial graphite markets and emerging technology markets • De
Slide 6: Corporate overview
For personal use only Corporate overview 5
Slide 7: Capital structure
For personal use only Capital structure Key details Share price and volume 7 18 Shares on issue 230.5m 16 (as at 12 November 2015) 6 Daily trading volume (m) 14 Share price (A$) 5 12 Options on issue 6.5m 4 10 (as at 12 November 2015) 3 8 6 Undiuted market capitalisation 2 A$756.0m 4 (Share price of
Slide 8: Board of Directors and Executive management team
Board of Directors and Executive management team For personal use only Jim Askew Tolga Kumova Sam Riggall Non-Executive Chairman Managing Director Non-Executive Director Over 40 years of experience as Co-founder of Jacana Over 20 years of experience in a Director / CEO of Australian Resources and ov
Slide 9: Balama Project
For personal use only Balama Balama Project Balama Project Project Balama Project 8
Slide 10: Overview of Feasibility Study outcomes
For personal use only Overview of Feasibility Study outcomes • 40+ year mine life, simple open-pit mining • Head grade of ~20% TGC(1) • Capital cost estimate of US$144 million(2) • Average production of over 350ktpa(1) • Average life of mine operating costs of US$286/t FOB(3) (1) Average over the fi
Slide 11: Reserves and Resources
For personal use only Reserves and Resources • JORC Code (2012) Compliant Reserves of 81.4Mt at 16% TGC for 13.2Mt of contained graphite(1) • Reserves supports over 40 years of operations at estimated full production rates • World’s largest flake graphite reserve (1) Refer Appendices for details of
Slide 12: Timeline to production
For personal use only Timeline to production Activity Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 BALAMA PROJECT Detailed design Commitment to long lead items Farmland relocation and land clearing Process plant bulk earthworks and roads Civil works Process plant construction Power generation Wat
Slide 13: Development activities progressing
For personal use only Development activities progressing • Key site leadership appointments (Construction Manager, Mine Services Manager, Health & Safety Manager, Infrastructure Superintendent, Civil Superintendent, Principal Mining Engineer, Environment Specialist) • Farmland relocation and land cl
Slide 14: Balama site layout
For personal use only CHIPEMBE DAM MAIN ACCESS ROAD WATER PIPELINE CAMP SITE TAILINGS STORAGE VANADIUM FACILITY OPERATION NOISE BUND PROCESS PLANT ROM PAD BALAMA WEST PIT BALAMA EAST PIT 13 13
Slide 15: Process plant access road being laid
For personal use only Process plant access road being laid 14 14
Slide 16: Bulk earthworks at the Balama processing plant site
For personal use only Bulk earthworks at the Balama processing plant site 15 15
Slide 17: Long lead process equipment ordered
For personal use only Clockwise from top left: Examples of screw classifier, mill, ore scrubber and flotation cell mechanism ordered 16 16
Slide 18: Product marketing & offtake
For personal use only Product marketing & offtake 17
Slide 19: Marketing strategy and product mix
For personal use only Marketing strategy and product mix • Partnerships with major end users or key regional commodity traders • Technology markets (lithium ion battery applications) require -100 mesh graphite Balama Profile Average Size Expected Production Applications Mesh Size µm Distribution (%)
Slide 20: Key markets
For personal use only Key markets • Offtake agreement with Chalieco for 80ktpa of flake graphite over 3 years • Product sales and marketing agreements with Morgan Hairong for 9ktpa of spherical graphite over 3 years • MOU with Marubeni for marketing of flake graphite and spherical graphite in Japan
Slide 21: Social responsibility
For personal use only Social responsibility 20
Slide 22: Community and social development
For personal use only Community and social development Initiatives undertaken to date include: • Community development plan progressing with input from key stakeholders • Opening of water bore holes in several villages • Establishment of solar panels in several schools and a maternity hospital • Pro
Slide 23: Community water facility installed at a local village
For personal use only Community water facility installed at a local village 22 22
Slide 24: Proposed Spherical Graphite Project
For personal use only Balama Balama Project Project Proposed Spherical Balama Project Graphite Project 23
Slide 25: Emerging technology markets
For personal use only Emerging technology markets • Emerging macroeconomic theme – electric vehicles and grid storage • Significant lithium ion battery demand continues • Significant additional planned battery capacity has been announced globally • Coated spherical graphite used as anode material in
Slide 26: Electric vehicles: Tesla Model S and BYD Qin
For personal use only Highly rated luxury electric vehicle, Tesla Model S (left) and BYD Qin (right), the top selling plug-in electric car in the PRC in 2014. 25 25
Slide 27: Ideal characteristics of flake graphite for battery applications
For personal use only Ideal characteristics of flake graphite for battery applications • Optimal flake size – using -100 mesh maximises production yield • Degree of crystal order – Balama graphite has a fully ordered crystalline structure • Degree of spheriodisation – well rounded spherules increase
Slide 28: Spherical graphite production
For personal use only Spherical graphite production Coated spherical graphite produced Proposed Spherical Graphite Project Coating Recarburiser by-product produced Purification (chemical) Spheriodisation Uncoated spherical graphite produced (physical) Milling Drying and bagging Balama Project Flotat
Slide 29: Integrated spherical graphite production chain
For personal use only Integrated spherical graphite production chain • 20 year, exclusive(1) licensing agreement signed with Hairong Morgan for its proprietary spherical graphite coating technology • Ability to build an integrated production chain from mine to anode quality material • Balama is the
Slide 30: Recarburiser
For personal use only Recarburiser • High quality carbon additive for steel making and iron casting industries • Opportunity to displace lower quality recarburisers (e.g. petroleum coke) • By-product of spherical graphite production Balama recarburiser customer samples 29 29
Slide 31: Vanadium
For personal use only Vanadium 30
Slide 32: Vanadium
For personal use only Vanadium • Vandium redox battery storage market and steel industry • Chalieco Scoping Study demonstrates viability of project • Ongoing pilot plant work • Samples being prepared for redox flow battery customer testing 31 31
Slide 33: The Balama Journey
For personal use only The Balama Journey 32
Slide 34: The future of graphite
For personal use only The future of graphite • World’s largest, low cost producer, over 350,000 tpa(1) of superior quality graphite products • Rapid progress – concept to mine development in 4 years • Highly experienced Board and management team • Ideally positioned to innovate and bring enhanced va
Slide 35: Key contacts
For personal use only Key contacts Tolga Kumova Office Managing Director Syrah Resources Limited Syrah Resources Limited ASX: SYR Office contact - +61 3 9670 7264 ABN 77 125 242 284 Mobile contact - +61 421 707 155 Level 9, 356 Collins St Melbourne VIC Email – t.kumova@syrahresources.com.au Phone: +
Slide 36: Appendices
For personal use only Balama Balama Project Project Appendices Balama Project 35
Slide 37: JORC Mineral Resources & Ore Reserves
For personal use only JORC Mineral Resources & Ore Reserves Balama Graphite (JORC Code 2012) Mineral Resources(1) Ore Reserves(1) Classification Mt TGC (%) Contained Graphite (Mt) Classification Mt TGC (%) Contained Graphite (Mt) Balama West Balama West Measured 75.0 11.0 8.4 Proven 20.0 19.2 3.8 In
Slide 38: Competent Person Statement – Balama Graphite
For personal use only Competent Person Statement – Balama Graphite The information in this report that relates to Mineral Resources and Ore Reserves is extracted from the report titled “Syrah finalises Balama Graphite study and declares maiden ore reserve” released to the ASX on 29 May 2015 and avai
Syrah Resources — Shareholder Meeting (November 2015) on 6ix