Australian Mines Limited · ASX:AUZ
Australian Mines — Shareholder Meeting (December 2021)
32 slides from Australian Mines's shareholder meeting presentation, Dec 17, 2021
Slide 1: 2021 Annual General Meeting
For personal use only 2021 Annual General Meeting Decarbonising and electrifying the world through the development of ethically sourced nickel and cobalt materials australianmines.com.au ASX I AUZ
Slide 2: Disclaimer
AUSTRALIAN MINES Disclaimer For personal use only Forward Looking Statement: This document may contain forward looking statements. Forward looking statements can generally be identified by the use of forward looking words such as, ‘expect’, ‘anticipate’, ‘likely’, ‘intend’, ‘should’, ‘could’, ‘may’,
Slide 3: Agenda
For personal use only Agenda Overview Sconi Project Summary
Slide 4: Overview
For personal use only Overview
Slide 5: Experienced Board and Leadership Team
OVERVIEW Experienced Board and Leadership Team For personal use only Driving growth and development Strong, well-integrated and experienced team characterised by a diverse skills mix, stable tenure and disciplined management style Michael Ramsden Benjamin Bell Michael Elias Dominic Marinelli Les G
Slide 6: Critical Minerals at a Critical Time
OVERVIEW Critical Minerals at a Critical Time For personal use only World Class Sconi Project Ethical, Sustainable, Future Facing Metals Focus Tier-1 nickel-cobalt-scandium asset Achieved industry-first Carbon Neutral certification in Queensland, Australia (Climate Active program) Development
Slide 7: FY2021 Highlights – Sconi Project
OVERVIEW FY2021 Highlights – Sconi Project For personal use only Sconi Project Binding long form offtake agreement with LG Energy Solution for 100% of the projected future production Deed of Access for Resource Extraction granted from the Australian Government Queensland Government support thr
Slide 8: FY2021 Highlights – Corporate
OVERVIEW FY2021 Highlights – Corporate For personal use only Corporate Achieved industry first Carbon Neutral certification Commenced 3rd party certification of comprehensive ESG standards Raised $6.5 million and fully funded beyond the current financial year Industry Progress on Progressed
Slide 9: Offtake Partner and Project Financing
OVERVIEW Offtake Partner and Project Financing For personal use only Offtake Partner Project Financing Entered into a binding long form offtake agreement Financing negotiations targeted to be with LG Energy Solution, a subsidiary of LG Chem completed before 30 June 20222 Supply agreement (comm
Slide 10: Responsible Corporate Citizen
OVERVIEW Responsible Corporate Citizen For personal use only Achieved Industry First Carbon Neutral Certification First mineral resources company to be certified a Carbon Neutral organisation1 by the Australian Government’s Climate Active program Climate Active is the only Australian Government
Slide 11: The Electric Vehicle Revolution
OVERVIEW The Electric Vehicle Revolution For personal use only Focus on Becoming a Leading Producer and Supplier of Ethically Sourced Nickel and Cobalt Materials Long term commitment to the EV and energy storage industries Source of ethically produced nickel and cobalt from a certified Carbon Ne
Slide 12: Demand Surge
OVERVIEW Demand Surge For personal use only ESG Mega Trends Driving Demand Projected Metal Demand Growth (2019-2050F)3 (Under a Rapid Transition (IEA SDS) scenario (+1.5oc) to 2050F) Future facing metals (including nickel and cobalt) to drive decarbonisation and electrification, AUZ focus 4.5 supp
Slide 13: sconi.com.au
For personal use only sconi.com.au
Slide 14: Sconi Investment Highlights
SCONI PROJECT Sconi Investment Highlights For personal use only World Class Project MHP Production Process 100% owned, nickel-cobalt-scandium Simple process, minimal technical risk materials project – successfully demonstrating nickel and cobalt production from Sconi ore since 2018 Lowest cost
Slide 15: Key Developments Since 2018
SCONI PROJECT Key Developments Since 2018 For personal use only LGES OFFTAKE AGREEMENT Australian Mines executes a binding long form offtake 100% SCONI MINE LIFE EXTENDED FINANCIAL SUPPORT PACKAGE agreement with leading battery AUZ owns 100% of the Sconi Mine life plan extended Queensland Government
Slide 16: Ideally Located, Long Life
SCONI PROJECT Ideally Located, Long Life For personal use only Expected Mine Life of 30+ Years Sconi Nickel-Cobalt-Scandium Project Mineral Resource tonnage exceeds 115 million tonnes1 Contained metal quantities:2 • 738,359 tonnes of nickel, plus • 71,757 tonnes of cobalt Development ready, wi
Slide 17: Infrastructure Ready
SCONI PROJECT Infrastructure Ready For personal use only Port Roads Power Port facilities secured Sealed, all-weather roads Power (grid) (import and export) from site to port already on site Water Comms Airport Accom Water supply Telecommunications Existing airport Developed on available infrastruct
Slide 18: Sustainability Advantage
SCONI PROJECT Sustainability Advantage For personal use only Zero CO₂ Shallow Open Pit Zero CO₂ emissions Low strip ratio Support Local Sustainable Ethical Employing local, living local, Dry stacked tailings system, Ethical, auditable, buying local philosophy a sustainable method and transparent Tie
Slide 19: Lowest Cost Quartile
SCONI PROJECT Lowest Cost Quartile For personal use only Nickel production cost curve 2025 (US$ / tonne Ni) Market Study Forecast by CRU International 1st quartile of cost curve for both nickel 4th quartile and cobalt production 1.3 million tonne nickel supply gap expected between 2023 and 2025
Slide 20: Track Record of Delivery
SCONI PROJECT Track Record of Delivery For personal use only Producing Nickel and Cobalt Products Since 20181 Ore processed at Australian Mines’ pilot plant in Perth Full production process demonstration circuit from Sconi Project ore Existing Sconi processing flow built on proven industry sta
Slide 21: Proven Industry Standard
SCONI PROJECT Proven Industry Standard For personal use only MHP Processing Flowsheet Mined Crushing High MHP and Pressure Iron (Mixed Ore from Grinding Acid Removal Hydroxide Sconi of Ore Leach Precipitate Product) H2SO4 Limestone 100% Production Existing Sconi processing flow built on proven 5th g
Slide 22: Social and Economic Benefits
SCONI PROJECT Social and Economic Benefits For personal use only 500 300 Committed to Queensland and Local Communities 80% of workforce sourced locally Construction Full Time Jobs Staff Land purchased for accommodation village Upgrading and investing in shared infrastructure Upgrading sports
Slide 23: Working with Government and the Community
SCONI PROJECT Working with Government and the Community For personal use only Ongoing Support from the Queensland Government Offered conditional financial support package in July 20201 Conditions include executing an offtake agreement and securing financing Support would be provided through the
Slide 24: Summary
For personal use only Summary
Slide 25: Australian Mines Summary
SUMMARY Australian Mines For personal use only Development-Ready, World Class Sconi Project 100% Auditable Ethically Derived in Supply Chain Low Risk Jurisdiction Long term offtake agreement (6+5 years) in place with LG Energy Solution Well serviced by existing infrastructure and skilled labour
Slide 26: For Further Information, Please Contact
For personal use only FOR FURTHER INFORMATION, PLEASE CONTACT David Loch Investor Relations Australian Mines Limited m: +61 456 799 967 e: dloch@australianmines.com.au australianmines.com.au ASX I AUZ sconi.com.au
Slide 27: Appendix
For personal use only Appendix Competent Persons’ Statements Sconi Project Mineral Resources Sconi Project Ore Reserve
Slide 28: Competent Persons' Statements
APPENDIX Competent Persons’ Statements For personal use only Sconi Project, Queensland (Australia) The Mineral Resource for the Sconi Project contained within this document is reported under JORC 2012 Guidelines. This Mineral Resource for the Greenvale, Lucknow and Kokomo deposits within the Sconi P
Slide 29: Sconi Project Mineral Resources
APPENDIX Sconi Project Mineral Resources For personal use only Table 1: Greenvale Mineral Resource Mineral Resources as per Australian Mines’ announcement released via the ASX platform on 14 February 2019. Prepared by CSA Global in accordance with the current 2012 JORC Code. There has been no Materi
Slide 30: Sconi Project Mineral Resources
APPENDIX Sconi Project Mineral Resources For personal use only Table 4: Bell Creek Mineral Resource Mineral Resources as per Australian Mines’ announcement released via the ASX platform on 29 April 2019. Prepared by CSA Global in accordance with the current 2012 JORC Code. There has been no Material
Slide 31: Sconi Project Ore Reserve
APPENDIX Sconi Project Ore Reserve For personal use only Ore Reserve as per Australian Mines’ announcement released via the ASX platform on 13 June 2019. Prepared by specialist mine planning consultants, Orelogy, in accordance with the current 2012 JORC Code. There has been no Material Change or Re-
Slide 32: Powering the Future of Clean Energy
For personal use only POWERING THE FUTURE OF CLEAN ENERGY ASX I AUZ australianmines.com.au sconi.com.au
Australian Mines — Shareholder Meeting (December 2021) on 6ix