Greenwing Resources Ltd · ASX:GW1
Greenwing Resources — Investor Presentation (September 2021)
44 slides from Greenwing Resources's investor presentation, Sep 8, 2021
Slide 1: Capital Raising Presentation
ASX:GW1 www.greenwingresources.com CAPITAL RAISING PRESENTATION SEPTEMBER 2021 1
Slide 2: Important Information
IMPORTANT INFORMATION Disclaimer This document has been prepared by Greenwing Resources Limited ABN 31109933995 (the “Company”). It should not be considered as an invitation or offer to subscribe for or purchase any securities in the Company or as an inducement to make an invitation or offer with re
Slide 3: Table of Contents
TABLE OF CONTENTS 1. Executive Summary Page 4 2. Overview of Greenwing Resources Page 5 3. Lithium Page 11 4. Graphite Page 18 5. Advanced Materials Page 27 6. Capital Raising Page 32 7. Summary Page 37 3
Slide 4: Executive Summary
EXECUTIVE SUMMARY CAPITAL RAISING CORPORATE OVERVIEW AND STRATEGY INDICATIVE NEWSFLOW •Greenwing to raise $6.15 million via an •To build a fully integrated green metals •Graphite Institutional Placement and Conditional company with a comprehensive exposure to •Further regional exploration and drilli
Slide 5: Overview
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Slide 6: Company Overview
COMPANY OVERVIEW GRAPHITE MARKET CAPITALIZATION: o 100% owner operator of the Graphmada Graphite Mining Complex, Madagascar. $28 million* o Exploring the Andapa Graphite Project, Madagascar. NET CASH: LITHIUM $0.4 million* o Exploring the San Jorge lithium brine project, Argentina. SHARE PRICE: o Pr
Slide 7: Strategy
STRATEGY To build a fully integrated green metals company with a comprehensive exposure to lithium, graphite and advanced materials as the planet transitions to a lower carbon economy. • An expanded lithium portfolio with the potential for both brine and hard rock production. • Well positioned to im
Slide 8: Delivery
DELIVERY Lithium: Delivery of a brine held resource in the prolific Lithium Triangle at the San Jorge Lithium project in Argentina and a spodumene hosted lithium resource at the Millie’s Reward project in Madagascar. Graphite: To continue to grow the graphite resource, in conjunction with capitalisi
Slide 9: Strategy: Where critical minerals meet advanced materials
STRATEGY Where critical minerals meet advanced materials 9
Slide 10: The Graphite & Lithium Market
THE GRAPHITE & LITHIUM MARKET A Compelling Opportunity THE IMPORTANCE OF GRAPHITE AND LITHIUM Graphite and Lithium are Critical Minerals of high strategic importance for advanced materials and battery technologies. Emerging consensus of looming and sustained supply side deficits in both Graphite
Slide 11: Lithium
RESOURCES LTD LITHIUM
Slide 12: San Jorge: Lithium Brine Project, Argentina
SAN JORGE: Lithium Brine Project, Argentina • The San Jorge Lithium Brine Project is located in the world-renowned Lithium Triangle, which accounts for over half of the world’s annual lithium production. • Greenwing is seeking to replicate the success of other ASX listed Lithium Brine developers in
Slide 13: San Jorge: Lithium Brine Project, Argentina
SAN JORGE: Lithium Brine Project, Argentina The San Jorge lithium brine project The San Jorge project13, 15 consists of 15 granted Exploration Licenses (EL’s) covering some 36,000 hectares inclusive of the San Francisco Salar which covers some 2,800 hectares. The San Jorge project has several key co
Slide 14: San Jorge: Exploration and Development
SAN JORGE: Exploration and Development Tenure Map of the San Jorge lithium brine project Planning an aggressive program for the balance of 2021. The proposed program over the initial six months of exploration will consist of: • A passive seismic geophysical across the salar to define the thickness o
Slide 15: Millie's Reward: Lithium-in-Spodumene Project
MILLIE’S REWARD: Lithium-in-Spodumene Project Millie’s Reward Project (100% owned) is a virgin discovery of potentially high-grade pegmatite-hosted lithium project located in central Madagascar. The Project consists of over 200 multiple pegmatite surface occurrences along a strike length of 10 km wh
Slide 16: Millie's Reward: Exploration Success
MILLIE’S REWARD: Exploration Success The lithium-bearing spodumene mineralization at Millie’s Reward occurs within pegmatite dikes and sills in the area of greater than 10 meters in thickness and several hundred meters in length. To date the lithium-bearing pegmatites sampled in the project area rep
Slide 17: Lithium: funding requirements
LITHIUM: funding requirements Aim: To build a substantial lithium business. ◦ To establish a brine lithium resource in Argentina's prolific Lithium Triangle, targeting initial resource over coming year. ◦ To establish a hard rock lithium resource in Madagascar at Millie’s Reward which is highly pros
Slide 18: Graphite
GRAPHITE GRAPHITE 18
Slide 19: Graphite Projects Overview
GRAPHITE PROJECTS OVERVIEW GRAPHMADA THE GRAPHMADA MINING COMPLEX 100% owner of the Graphmada Graphite Mining Complex, located in Eastern Madagascar - a strategic and unique large-flake graphite resource that provides exposure to the growing battery anode, graphene and expandable graphite markets.
Slide 20: Low Cost and Rapid Asset Growth
LOW COST AND RAPID ASSET GROWTH Cumulative growth in Graphmada’s Mineral Resources supporting a commercial scale operation 2022 2021 2019 2017 ? 2016 20.2 Mt 14.3 Mt 9.1 Mt 5.7 Mt 60% 57% 41% ? See footnotes 1 at end of presentation. 20
Slide 21: Greenwing Resources: International Footprint
GREENWING RESOURCES: International Footprint 20 months of continuous production and an unblemished sales record. Greenwing produced and delivered EUROPE concentrates to all concentrate NORTH specifications. AMERICA Concentrates range Super Jumbo CHINA used for advanced applications through to
Slide 22: Graphmada Stage 2 Expansion
GRAPHMADA STAGE 2 EXPANSION DEVELOPMENT STRATEGY Stage 2 will aim to produce up 40,000 tonnes per annum of premium graphite concentrates • 50% large flake production for advanced material end-use. • 50% targeted to the lithium battery sector. Graphmada clean and commercially proven concentrates are
Slide 23: Graphmada Stage 2 Expansion
GRAPHMADA STAGE 2 EXPANSION The Company is currently undertaking numerous studies as part of its feasibility of large-scale mining and processing at Graphmada. KEY STUDY ITEMS 12 INVESTMENT INCENTIVES HYDRO-ELECTRIC POWER 11 • Viability of low-cost wet ore Feasibility Studies underpin the The Govern
Slide 24: Ongoing Exploration Success
ONGOING EXPLORATION SUCCESS Current Graphmada Mineral Resource (JORC 2012). Graphmada The Company has recently completed an initial surface exploration program which discovered mineralization of at least 4.5km in strike between the Mahela and Loharano zones (the ‘Mineralized Trend’)3. The Company ha
Slide 25: Graphite Growth Strategy
GRAPHITE GROWTH STRATEGY Scale operations Aggressive exploration, resource expansion and Supply high value markets processing expansion studies 4 underway to underpin the Graphmada graphite is uniquely commencement of large hosted in soft ore, allowing for the scale, Stage 2 mining and preservation
Slide 26: Graphite: funding requirements
GRAPHITE: funding requirements Aim: To build a substantial graphite business to supply concentrates to industrial and battery uses ◦ To continue to expand the potential of the Graphmada mine up to a capacity of 40,000 tpa (tonnes per annum) including feasibility targeting 50% large flake and above a
Slide 27: Advanced Materials
GREENWING ADVANCED MATERIALS =
Slide 28: Advanced Materials Strategy
Advanced Materials Strategy VALUABLE AND PROVEN FEEDSTOCK FOR ADVANCED APPLICATIONS Refractories & Metallurgical 5 Expandables & Fire Retardants 6 Large Flake Graphite Greenwing has consistently produced high value clean and large Large Flake Graphite flake graphite concentrates which are prereq
Slide 29: Research and Development Initiatives
Research and Development Initiatives MATERIAL TESTING AND QUALIFICATION Product quality test results as per previous ASX announcements: Tests confirm Concentrates as Industry Benchmark 5 ”Results concluded that the Graphmada concentrates are highly suitable for foundries, crucible and refractory app
Slide 30: Research and Development Initiatives
Research and Development Initiatives SPECIALTY CARBON COMPOSITE TECHNOLOGY Greenwing and Swinburne University have signed a Master Research and Development Agreement4,14 to develop advanced materials using both Expandable Graphite and Graphene from the Company’s premium concentrates. The key objecti
Slide 31: Advanced Materials: funding requirements
ADVANCED MATERIALS: funding requirements Aim: To develop advanced materials from graphite using its unique graphite concentrates. ◦ Greenwing has a unique and remarkable ore body that has produced concentrates to every graphite specification from super jumbo to fine flake graphite without penalty or
Slide 32: Capital Raising
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Slide 33: Capital Raising: Key Highlights
CAPITAL RAISING: key highlights Offer Structure & Size Institutional Placement and Conditional Placement of approx 25.6 million ordinary shares to raise $6.15m (Offer) Issue Price $0.24 per share Discount of: • 22.6% to last traded price Discounts • 16.8% to 5 day VWAP • 11.4% to 25 day VWAP • 11.0%
Slide 34: Sources & Use of Funds
SOURCES & USE OF FUNDS: September 2021 Sources of Funds $’m Uses of Funds $’m Cash balance 0.4 San Jorge Lithium Project – exploration and earn-in 1.2 payment Placement funds 6.1 Graphmada Mining Complex – graphite exploration 1.1 program and development studies Advanced materials – research project
Slide 35: Capital Structure: Key Details
CAPITAL STRUCTURE: key details Number Shares on issue 89.4m New Shares to be issued under the Placement and Conditional Placement 25.6m Shares on issue following the Placement and Conditional Placement 3 115.0m Options on issue1 2.6m Employee Options which may be issued (maximum) 2.1m Total potentia
Slide 36: Indicative News Flow
GRAPHITE Indicative • Further regional exploration and drilling at Graphmada • Diamond drilling and Mineral Resource updates News Flow • Economic assessment and feasibility studies for Stage 2 expansion LITHIUM Greenwing has three distinct areas of development it is pursuing to progress its • Finali
Slide 37: Summary
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Slide 38: Investment Summary
CORPORATE STRATEGY GRAPHITE LITHIUM ADVANCED MINERALS •Provide shareholders with a •100% owner of Graphmada •Transacting on the San Jorge •Strategic alliances and comprehensive exposure to the Mining Complex , a unique and lithium brine project in Argentina, agreements in place across the graphite,
Slide 39: Board of Directors
Appendix BOARD OF DIRECTORS RICK ANTHON PETER WRIGHT JEFFREY MARVIN JAMES BROWN Non-Executive Chairman Executive Director Non-Executive Director Non-Executive Director 30 years experience in 20 years experience in 20 years experience in 30 years as a global mining commercial law & corporate industri
Slide 40: Environmental, Social, and Corporate Governance Statement
Appendix ENVIRONMENTAL, SOCIAL, AND CORPORATE GOVERNANCE STATEMENT The Board and Management of Greenwing Resources Ltd is committed to ensuring that the Company’s obligations and responsibilities to its various stakeholders are fulfilled through a strong commitment to achieving Environmental, Social
Slide 41: Footnotes
1) Reported in accordance with the 2012 Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (‘the JORC Code 2012’) as per ASX Announcement ‘41% Increase in Graphite Mineral Resource to Advance Plans for Large Scale Mining and Processing Operations’ released 16/
Slide 42: Key Risks
KEY RISKS Greenwing Resources Ltd (Greenwing) is subject to a number of risk factors both specific to its business and of a general nature. Greenwing’s business, financial condition and the results of its operations could be materially and adversely affected by the occurrence of any of the risks ass
Slide 43: Key Risks
KEY RISKS Risks to Achieving Production (including increased production) Whilst Greenwing considers there to be a reasonable basis for the production forecasts at its projects, the forecasts are subject to a number of factors, many of which cannot be foreseen and are beyond the control of Greenwing.
Slide 44: Contact
Peter Wright Executive Director Angus Craig Company Secretary Tim McManus Chief Executive Officer PO Box 15048, Brisbane Qld 4000 (07) 3063 3233 CONTACT InvestorRelations@greenwingresources.com www.greenwingresources.com 44
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