Slide 1: Investor Update – Commissioning for Growth
Element 25 Limited Investor Update – Commissioning for Growth Building a world-class Zero Carbon Manganese™ business September 2021 - Investor Update
Slide 2: Introduction
Introduction Disclaimer Overview This presentation contains only a brief overview of Element 25 Limited and its Developing the world class Butcherbird Manganese Project in Western associated entities (“Element 25") and their respective activities and operations. The Australia to produce high quality
Slide 3: Not all manganese is created equal
Not all manganese is created equal E25 Manganese Serving the Old… And the New… • Manganese (Mn) is the fourth most used metal • The electrification of the global vehicle fleet on earth in terms of tonnage. requires vast amounts of cathode materials. • Used in steel, specialty alloys and aluminium pr
Slide 4: Great infrastructure endowment, fully permitted
Great infrastructure endowment, fully permitted Extensive Exploration Tenure E52/2350 M52/1074 Granted Mining Lease Measured & Indicated Resources are the basis Simple Logistics for the 42-year Base Case -4-
Slide 5: Very simple geology equals low-cost, low environmental impact manganese units
Very simple geology equals low-cost, low environmental impact manganese units Classification Tonnes (Mt) Mn (%) Contained Mn (Mt) RESOURCE GROWTH POTENTIAL Resource 263 10.0 20.8 • Enough resource base for multi- Reserve 50.6 10.3 5.22 decade long expansion pathway. • Can produce concentrate, batter
Slide 6: Stage 1: Operational, Ramp Up Underway
Stage 1: Operational, Ramp Up Underway • 20-year Mining Lease granted • All Stakeholder Agreements finalised Maiden • Processing water confirmed and permitted product • Fully funded with no debt shipment • Operation is fully permitted June 2021 • Stage 1 is operational • Stage 2 fully funded to prov
Slide 7: Stage 1: Project Delivery Complete – Ramp Up Underway
Stage 1: Project Delivery Complete – Ramp Up Underway Process Water Storage Tails Storage ROM Stocks Main Access Road Ore Stockpiles Processing Plant -7-
Slide 8: Stage expansion turbocharging cashflows to fund HPM
Stage 2 expansion turbocharging cashflows to fund HPM • Incremental capital required. • • Financing discussions advanced. Flowsheet process proven. Mn25 Mn25 Mn25 • Rapid deployment. 1,023,000 t/a $1.138 billion 359% • Fund High Purity Manganese Annual Production over NPV5 pre-tax IRR pre-tax 40-yea
Slide 9: Stage 1: Project Delivery – E25 Concentrate in Port Hedland
Stage 1: Project Delivery – E25 Concentrate in Port Hedland E25 Manganese Ore -9-
Slide 10: New Energy Vehicle (NEV) Demand Growing MUCH Faster
New Energy Vehicle (NEV) Demand Growing MUCH Faster Li-ion battery market development for electric vehicles 58% by 2040 percentage of new vehicles that will be EV or hybrid 54 million EV passenger sales by 2040 from 2033 decline emissions from road transport 17.6M by 2040 barrels of oil displaced by
Slide 11: If not manganese, then what?
If not manganese, then what? Global mined cobalt output (Kt) • Manganese (Mn) is the fourth most 58% by 2040 utilised metal globally. percentage of new vehicles that will be EV or hybrid 54 million • It is the cheapest, most abundant of EV passenger sales the NMC cathode materials (Ni,Mn,C). by 2040
Slide 12: If not manganese, then what?
If not manganese, then what? High manganese • VW moving to a high manganese cathode cathodes planned for most vehicles for most of its vehicles. • High manganese means better energy density and lower cost. • Requires large volumes of high purity manganese sulphate. • Element 25 is targeting this mar
Slide 13: If not manganese, then what?
If not manganese, then what? • A number of different high High manganese manganese chemistries being cathodes are preferred for the next generation of commercialised. batteries. • High manganese means better energy density and lower cost over NMC. • Positive for HPMSM demand. • Element 25 is targeti
Slide 14: Element 25 Well Down the Path to HPMSM
Element 25 Well Down the Path to HPMSM High manganese cathodes are preferred for the next generation of batteries. Mn Reference: Company ASX Release 25 August 2021 - 14 -
Slide 15: Our Journey– Element 25 has a well advanced flowsheet and business strategy
Our Journey– Element 25 has a well advanced flowsheet and business strategy… 2012 2017 2019 2020 Resource Defined First Leach Tests EMM Produced PFS Delivery 263 Mt @ 10% Mn Showed rapid selective >99.9% pure metal Early cashflow opportunity extraction 2021 2021 2022 2024/25 Operational MnSO4 Focus
Slide 16: Our Goal– Zero Carbon High Purity Manganese for New Energy Vehicles
Our Goal– Zero Carbon High Purity Manganese for New Energy Vehicles… • In Production Stage 1 First production of manganese • First Shipment concentrate to sell to steel alloy June 2021 manufacturers Stage 2 Expansion of the concentrate production to produce manganese feedstock to convert to HPMSM Pr
Slide 17: Zero Carbon Manganese™ – ESG Considerations Integral to Our Thinking
Zero Carbon Manganese™ – ESG Considerations Integral to Our Thinking Sustainable extraction Sustainable Extraction Renewable energy Low-carbon processing Fuel cell haulage Carbon offsets Zero Carbon Manganese™ Renewable Energy Other potential pathways that Element 25 is investigating: Powered Proces
Slide 18: Our Journey…
Our Journey… Stage 1 Stage 2 Stage 3 Stage 4 $583 million NPV $1.14 billion NPV High Purity Mn Decarbonise Commissioning and ramp- PFS study complete, PFS study anticipated Global benchmark for up underway startup 2022 for completion 2021 Zero Carbon Manganese™ 9 month plan 1.5 year plan 5 year plan
Slide 19: Thank you
Thank you For more information, please contact Element 25 Limited: +61 8 6315 1400 admin@e25.com.au www.element25.com.au
Slide 20: Reserves and Resources
Reserves and Resources Maiden Ore Reserve1 Category Tonnes (Mt) Mn (%) Contained Mn (Mt) • 89% conversion of measured Proved 14.4 11.5 1.65 and indicated resources to Probable 36.2 9.8 3.56 reserve. Total 50.6 10.3 5.22 • Maiden Reserve only exploits Global Mineral Resource2 approximately 20% of glo
Slide 21: Competent Person’s Statement
Competent Person’s Statement The information in this presentation that relates to Exploration Results is based on information compiled by Mr Justin Brown who is a full-time employee of the Company and is a member of the Australasian Institute of Mining and Metallurgy. Justin Brown has sufficient exp