Neometals Ltd · ASX:NMT
Neometals — 121 EMEA Presentation (May 2021)
42 slides from Neometals's conference presentation, May 26, 2021
Slide 1: Decarbonising Critical Raw Materials Supply Chains in the EU
For personal use only DECARBONISING CRITICAL RAW MATERIALS SUPPLY CHAINS IN THE EU 121 EMEA Presentation 25 May 2021 ASX Code: NMT OTC/Nasdaq Intl: RDRUY Frankfurt: R9R
Slide 2: Disclaimer
DISCLAIMER Summary information: This document has been prepared by Neometals Ltd (“Neometals” or “the Company”) to provide summary information about the For personal use only Company and its associated entities and their activities current as at the date of this document. The information contained i
Slide 3: Neometals innovatively develops opportunities in minerals and advanced materials
Neometals innovatively develops opportunities in minerals For personal use only and advanced materials essential for a sustainable future • Innovative ASX-listed project developer • Focus on integrated minerals/materials for EV and ESS sectors • 4 core projects with partners • Pivoting from traditio
Slide 4: For personal use only
Lithium-Ion Battery Recycling Project (Feasibility / Demo Plant Stage, For personal use only 50:50 Incorporated JV) Vanadium Recovery Project (Pre-Feasibility Stage, option to form 50:50 Incorporated JV) Lithium Refinery Project Vanadium Recovery (Feasibility Stage, MOU LiB Recycling for 50:50 Incor
Slide 5: Our People
OUR PEOPLE NE Board Members For personal use only Steve Cole David Dr Natalia Doug Dr Jennifer Les Guthrie Chair Reed Streltsova Ritchie Purdie Management Team Chris Reed Jason Carone Michael Tamlin Darren Townsend Irena Ivanova Managing Director / Company Secretary / COO CDO GM - Engineering CEO CF
Slide 6: Corporate Dashboard
CORPORATE DASHBOARD ASX: NMT OTC:RDRUY FRA:R9R For personal use only Shares on Issue1 m 545.4 Share Price (24-May-21) A$ 0.485 Share Price Performance (FYTD) Market capitalisation A$m 264 (24-May-21) 10,000 0.60 Cash (31-March-21) 2 A$m 67.5 9,000 Debt A$m - 0.50 8,000 Investments 7,000 A$m 14.1 Vol
Slide 7: Battery Energy Storage Market Backdrop
For personal use only BATTERY ENERGY STORAGE MARKET BACKDROP
Slide 8: EV Demand Forecast
EV DEMAND FORECAST For personal use only Global EV Sales and Penetration Rate Forecast, 2020-35 Source: rho motion
Slide 9: Supply Cannot Meet 5x Demand Growth from LIB Megafactories
SUPPLY CANNOT MEET 5X DEMAND GROWTH FROM LIB MEGAFACTORIES For personal use only
Slide 10: EU Leading the World in Adoption of EVs
EU LEADING THE WORLD IN ADOPTION OF EV’S For personal use only
Slide 11: Recycling Is Not Optional
RECYCLING IS NOT OPTIONAL Significant ‘need’ (Hazardous, CO2 friendly & Valuable) driving regulation: For personal use only Fire Risk Landfill Pollution (GHG) Material Circular Shortages Economy Storage, transport Hazardous Decarbonisation Recycling Closing the loop, and disposal materials and GHG t
Slide 12: Need to Address the Emerging 'Carbon Shock' of EVs
NEED TO ADDRESS THE EMERGING ‘CARBON SHOCK’ OF EV’S For personal use only
Slide 13: Eco-Friendly LIB Recycling Is a Key Sustainable Solution
ECO-FRIENDLY LIB RECYCLING IS A KEY SUSTAINABLE SOLUTION For personal use only Raw Material CO2 Savings – Traditional Mining vs Pyromet and Hydromet Battery Recycling HYDROMETALLURGICAL RECYCLING HAS THE LOWEST CARBON FOOTPRINT Source: Duesenfield
Slide 14: New EU Battery Regulations
NEW EU BATTERY REGULATIONS For personal use only • Legislation update to ensure more sustainable batteries • Regulations focus on: – Transparency; – Ethical raw materials; – CO2 cell footprint; and – Recycling • Staggered implementation: • 100% collection target - industrial and EV • CO2 footprint d
Slide 15: EU Forecast to Be 2nd Largest LIB Production Hub in 2030
EU FORECAST TO BE 2ND LARGEST LIB PRODUCTION HUB GLOBALLY IN 2030 For personal use only
Slide 16: And Generate 2nd Largest Volume of Scrap and End-of-Life Batteries
AND GENERATE 2ND LARGEST VOLUME OF SCRAP AND END-OF-LIFE BATTERIES For personal use only Potential European LiB Recycling Feed Volumes Source: Benchmark Minerals Intelligence (Battery Cell Capacity) and Neometals Management (Utilisation rate 75%, Scrap Rate 10% and Cell Weight 45g/Wh)
Slide 17: Li Ion Battery Recycling Project
For personal use only LI ION BATTERY RECYCLING PROJECT 50:50 JV with SMS group – ‘Primobius GmbH’
Slide 18: Aiming to Be Recycler of Choice for Cellmakers and Carmakers
AIMING TO BE RECYCLER OF CHOICE FOR CELLMAKERS AND CARMAKERS For personal use only
Slide 19: Developing EU's Largest Hydromet Refinery for LIB Cathode Precursors
DEVELOPING EU’S LARGEST HYDROMET REFINERY FOR LIB CATHODE PRECURSORS For personal use only Source: Benchmark Minerals Intelligence
Slide 20: Our Proprietary Recycling Process
OUR PROPRIETARY RECYCLING PROCESS Successfully Piloted at SGS Canada in 2019/20 For personal use only • 85% Recycling Efficiency • Ni+Co Sulphates (+80% Rev$) meet Chinese cathode specs • Tailings is fertiliser feedstock
Slide 21: Engineering Cost Study Estimates
ENGINEERING COST STUDY ESTIMATES MAY 2021 - AACE CLASS 4 (±25%) For personal use only Based on Pilot Plant at SGS Canada in 2019/20 Operating Costs CAPITAL US$M DIRECTS US$ 1,560/t Feed Infrastructure Civil 9 Land and Buildings 34 Front End 6 Hydromet 24 Utilities 12 Installation 11 S Sub-Total Dire
Slide 22: Robust Economics on Major EV Battery Chemistries
ROBUST ECONOMICS ON MAJOR EV BATTERY CHEMISTRIES For personal use only
Slide 23: Potential Lowest Cost Nickel Sulphate Producer
POTENTIAL LOWEST COST NICKEL SULPHATE PRODUCER For personal use only Nickel Sulphate Cost Curve 2025 S Source: Cost Curve – Australian Mines/CRU (2019), Primobius Cost/Production – Neometals Management (2021) based on ASX Announcement:- Lithium Battery Recycling – Outstanding Cost Estimates (7 May 2
Slide 24: Our Commercialisation Partner
OUR COMMERCIALISATION PARTNER For personal use only 50:50 JV WITH SMS group GmbH • Incorporation of Primobius GmbH to commercialise recycling technology • Constructing a showcase demonstration plant in Germany, complete feasibility study and FID consideration MarQ22 • Evaluating both 20ktpa and 200k
Slide 25: Demonstration Plant
DEMONSTRATION PLANT Demonstration Trial Feed secured from EV maker and ESS maker (Itochu) For personal use only Dedicated facility at SMS Manufacturing Headquarters Hilchenbach, Germany
Slide 26: Primobius Offers a Clear USP
PRIMOBIUS OFFERS A CLEAR USP AND WILL PROVIDE THE BEST POSSIBLE RECYCLING SOLUTION For personal use only Safe process according to regulations 1 1 High share of recycled materials to high purity chemicals meeting the current regulations with a safe process Safe process 5 according to Flexible and ro
Slide 27: Flexible Business Models
FLEXIBLE BUSINESS MODELS For personal use only Service agreement Partnership License • Primobius to responsibly • Primobius to build and • License IP you the IP process production scrap operate recycling plant(s) directly and or EOL batteries for a fee. both share economic BOOT/supply-only Option to
Slide 28: MOU with Itochu Corporation of Japan
MOU WITH ITOCHU CORPORATION OF JAPAN For personal use only • Itochu is one of Japan’s largest trading houses (market cap +US$50B • Itochu strong footprint in the lithium-ion battery supply chain • Itochu produces cathode and anode materials, also its own stationary storage battery systems (ESS) • It
Slide 29: Our Indicative Timeline
OUR INDICATIVE TIMELINE For personal use only
Slide 30: First Public Peer Metric from Hydromet Recycling Developer Purchased for US$975M in SPAC Deal
FIRST PUBLIC PEER METRIC FROM HYDROMET RECYCLING DEVELOPER PURCHASED FOR US$975M IN SPAC DEAL For personal use only
Slide 31: Vanadium Recovery Project
For personal use only RECYCLING AND RECOVERY VANADIUM RECOVERY PROJECT Earning into 50:50 JV with Critical Metals Ltd
Slide 32: The Opportunity
THE OPPORTUNITY For personal use only o Scandinavian steel giant SSAB has +2Mt of high-grade vanadium- Slag storage bearing by-product (“Slag”) stored at 3 steel mills in Sweden and Finland. o Secured by Critical Metals Ltd (19.9% NMT) under supply agreement (*) o Neometals earning into 50:50 Incorp
Slide 33: Our Proprietary Recovery Process
OUR PROPRIETARY RECOVERY PROCESS Successfully Mini-Piloted at Strategic Metallurgy Perth in 2020 For personal use only Source: Neometals ASX announcement 21 April 2021 titled “Vanadium Recovery Project – Positive Cost Study Results”
Slide 34: Pilot Plant Trials Imminent
PILOT PLANT TRIALS IMMINENT For personal use only o Successful demonstration proprietary vanadium recovery flowsheet in continuous mini-pilot test work campaign (100hrs @ 1kg/hr). Recovery +75%. Purity >99.5% V2O5 o Pilot plant construction materially complete and commissioning has commenced. Throug
Slide 35: PFS Results
PFS RESULTS Based on Mini-Pilot Plant at Strategic Metallurgy Perth in 2020 For personal use only *Pre Tax and 100% ownership basis *Source: Please refer to ASX announcement 4 May 2021 titled “Vanadium Recovery Project - PFS Indicates Robust Potential Economics”
Slide 36: Potential Lowest Quartile Cost Vanadium Pentoxide Producer
POTENTIAL LOWEST QUARTILE COST VANADIUM PENTOXIDE PRODUCER For personal use only Vanadium Cost Curve 2021 Source: TTP Squared – Cost Curve, Neometals Management – Vanadium Recovery Project Cost Estimate Please refer to ASX announcement 21 April 2021 titled “Vanadium Recovery Project – Positive Cost
Slide 37: Plant Location and Stockpiles
PLANT LOCATION AND STOCKPILES Raahe For personal use only Slag stored +360kt Vanadium Grade V2O5 +3% Contained V2O5 +13,000t Luleå Luleå Raahe Net Slag Added 80ktpa Slag stored +630kt Vanadium Grade V2O5 +4% Pori V recovery plant Contained V2O5 +25,000t Oxelösund Net Slag Added 100ktpa Slag stored +
Slide 38: MOU with City of Pori, Finland for Vanadium Recovery Plant Site
MOU WITH CITY OF PORI, FINLAND FOR VANADIUM RECOVERY PLANT SITE For personal use only o City of 86,000 inhabitants with a long history as a hydrometallurgical centre of excellence o Access to a ‘build-ready’ 20 hectare industrial-zoned site adjacent to the deep water, year-round port with rail acces
Slide 39: Indicative Project Timeline
INDICATIVE PROJECT TIMELINE For personal use only * 39
Slide 40: Unparalleled Exposure to the New Energy (Storage) Megatrend
UNPARALLELED EXPOSURE TO THE NEW ENERGY (STORAGE) MEGATREND For personal use only 2050 Annual Demand from Energy Technologies as Percentage of 2018 Production o Exposure to key commodities as the World transitions to low carbon: o Li, Co, Ni, V, Cg o All the right elements® Source: World Bank Group
Slide 41: Security Opportunity
SECURITY OPPORTUNITY For personal use only Strong balance sheet, no debt – can fund Green critical materials developments to FID for Europe Consistent strategy - Resource efficiency for partnering to reduce risks circular economy and realise returns Strong Board and Secure, ethical management – proj
Slide 42: Thank You
For personal use only THANK YOU PLEASE VISIT NEOMETALS.COM.AU