Slide 1: Clarification Announcement – Updated Investor Presentation
ASX:IR1 - ASX RELEASE I 30 August 2024 Clarification Announcement – Updated Investor Presentation IRIS Metals Limited (ASX: IR1) (“IRIS” or “the Company”) advises that following consultation with ASX, the Company retracts the AGM Investor Presentation released to ASX on 30 August 2024. Investors sho
Slide 2: The First Mover Advantage
ASX: IR1 THE FIRST MOVER ADVANTAGE IRIS METALS PERMITTED TO EXPLORE FOR USA LITHIUM AGM INVESTOR PRESENTATION AUGUST 2024
Slide 3: Disclaimer
DISCLAIMER This ASX announcement was approved for release by the Board of IRIS Metals Ltd. The purpose of this presentation is to provide background information to assist readers in obtaining a general understanding of the Company’s proposals and objectives. It is not and should not be considered as
Slide 4: 2024 Operational and Strategic Highlights
2024 OPERATIONAL AND STRATEGIC HIGHLIGHTS The addition of Mr. Matt Hartmann as President, US Operations, and Mr. Kevin Smith, Non-Executive Director, to effectively address the needs of IRIS' growing operations in South Dakota and focusing further attention on positioning the Company within the Nort
Slide 5: Capital Structure & Board of Directors
CAPITAL STRUCTURE & BOARD OF DIRECTORS IR1 $0.20 135M A$27m/ US$18.3m $6.6m $0 $20.4M ASX CODE SHARE PRICE SHARES ON ISSUE MARKET CAP CASH DEBT EV (undiluted) SHARES ON ISSUE Top 20 Shareholders (65.5%) Remaining Shareholders (34.5%) Peter Marks | Chairman Peter brings over 30 years’ experience in c
Slide 6: Investment Highlights
INVESTMENT HIGHLIGHTS ASX listed company with a US Very shallow, wide lithium Established infrastructure; Prime position to take hard rock lithium mining licence drill intercepts + shallow supportive community; long, advantage of US govt. grants and an extensive pipeline of weathering profile = very
Slide 7: Black Hills – Superior Location
BLACK HILLS – SUPERIOR LOCATION Strategic ownership allows IRIS Metals to increase resource size and maintain a competitive edge in the US mining sector IRIS Metals’ South Dakota landholding is highly prospective and includes the most strategic prospects in the Black Hills The Beecher Project is a p
Slide 8: North America & Iris Metals Projects
NORTH AMERICA & IRIS METALS PROJECTS IRIS METALS IS Battery cell factory in Quebec with a capacity of 10 GWh by 2030 Battery cell factory in Quebec with CENTRALLY LOCATED TIN MOUNTAIN a capacity of 10 GWh by 2030 TO NORTH AMERICAN Priority drilling target Historic lithium mines Volkswagen's Canadian
Slide 9: Resource Security
RESOURCE SECURITY MULTI BILLION DOLLAR POLICY TAILWINDS U.S. Department of Energy’s Loan Programs Office (LPO) to finance domestic mining projects for critical minerals with US$72 billion available Emphasis on increasing U.S. critical mineral mining due to China's dominance and rising demand All-of-
Slide 10: Beecher Project
BEECHER PROJECT DRILLING TO TEST STRIKE AND DEPTH EXTENSIONS New wide and high-grade lithium intersections 1 include: BDD-24-031 BDD-24-040 • 75.1m @ 1.41% Li₂O from 25.1m, including: • 56.7m @ 1.43% Li₂O from 40.4m, including: • 4.4m @ 2.16% Li₂O from 29.1m • 3.8m @ 2.63% Li₂O from 40.4m • 3.4m @ 2
Slide 11: Beecher Project – Longview Fly-over Drone Footage
BEECHER PROJECT LONGVIEW FLY-OVER DRONE FOOTAGE Click here to view video JULY2024 AUG 2024 10
Slide 12: Longview Pegmatite – Beecher Project
LONGVIEW PEGMATITE – BEECHER PROJECT Drill core from BDD-24-029, including intercept 4.5m @ 2.35% Li₂O from 62.5m to 67.0m Source: ASX: IR1 Announcement, 15 July 2024 AUG 2024 11
Slide 13: Tin Mountain Historical Mine
TIN MOUNTAIN HISTORICAL MINE Drill permit received in August 2024 Current drill plan includes 26 drill holes for a total of 1,560m of drilling Will mobilise for drilling at the completion of the current Beecher drill program - anticipated to be mid-September 2024 AUG 2024 12
Slide 14: Edison Mine - Keystone
EDISON MINE - KEYSTONE HISTORIC EDISON MINE The Edison mine is located 2 km southeast from Keystone and 26 km southwest from Rapid City, South Dakota's second most populous city. The year of first production was 1917 - between 1942 to 1944 principal product was Li spodumene, but beryllium, feldspar,
Slide 15: Growth - Regional Exploration
GROWTH - REGIONAL EXPLORATION EXPLORING SCALE AND POTENTIAL OF SOUTH DAKOTA TENURE IRIS’ >22,000 Ha of mineral rights in the Black Hills provides significant growth potential for the Company. Over the past four months, IRIS has worked to complete large scale pegmatite mapping and soil sampling acros
Slide 16: Work Program and Indicative Timeframe
WORK PROGRAM AND INDICATIVE TIMEFRAME Metallurgical test Mineral Resource Expansion work, estimation and drilling, mining RC/DD continuing geotechnical Early production commencement and processing DMS plant design, studies feasibility study of studies plant studies PEA/PFS studies Complete drilling
Slide 17: Project Pipeline
PROJECT PIPELINE ‘First Mover’ and most credible pathway to supply US lithium to US customers across a short, medium and longer-term time horizon provide IR1 shareholders with a unique short, medium and long-term value proposition Early Market Patented Quantifiable Resource Drilling Penetration Valu
Slide 18: Contact Us
Contact Us Registered Office (Australia) Registered Office (South Dakota) Suite 205, 9-11 Claremont Street, 25497 Flynn Creek Road, Custer, South Yarra 3141 South Dakota 57730 USA admin@irismetals.com Peter Marks Matt Hartmann Chairman President of U.S. Operations peter@irismetals.com matt@irismetal