Waratah Minerals Limited · ASX:WTM
Waratah Minerals — Battery Minerals — Shareholder Meeting (June 2018)
28 slides from Waratah Minerals's shareholder meeting presentation, Jun 27, 2018
Slide 1: Fast-tracking Montepuez & Balama Projects
Fast-tracking Montepuez & Balama Projects General Meeting 27th June 2018 1
Slide 2: Presentation Summary
Presentation Summary 1.Market 2.Company 3.Projects 4.Growth 5.Next Steps 2
Slide 3: Market Disruption and LiB Adoption
Market Disruption and LiB Adoption1 1. LiB Energy Density increase 1995(14% pa) 2017(>20%pa) 2013 US$800 kwhr, 2018 US$130/kwhr 2. Computing power increase @ 40% pa ($600 in 2018 v >$600M in ~1973) 3. LiDAR US$150,000 (2012) US$90 (2018) 4. PV US$76/w (1977), US$0.12/kw (2016), US$0.02 per kilowatt
Slide 4: NEV sales driving all battery materials
NEV sales driving all battery materials 4
Slide 5: CRU – Graphite Demand
CRU - Graphite Demand Figure 8 Graphite demand by source, kt 4500 - 4000 + 3500 + 3000 + 2500 + 2000 + 1500 + 1000 500 0 1 1 1 1 1 1 2017 2018 2019 2020 2021 2022 2023 1 1 @ Natural graphite m@ Synthetic graphite
Slide 6: CRU – Graphite Demand
CRU - Graphite Dema Figure 9 Natural graphite end use demand, kt 2500 5 1500 | mw a = 1000 + mma 500 + 0) r r r r r 1 2017 2018 2019 2020 2021 2022 2023 m Refractory & Foundry @ Carburisation Lubricants @ Friction products Li-ion batteries Graphite shapes m Expanded graphite Carbon brushes m Other u
Slide 7: Corporate Overview
Corporate Overview Share Price Jeff Dowling Ben Van Roon Non-Exec Chairman Chief Operating Officer David Flanagan Tony Walsh Managing Director Company Secretary & GM Corporate Brett Smith Jeff Dawkins Non Exec Director Chief Financial Officer Gilbert George Naomi Scott Non Exec Director General Coun
Slide 8: Significant progress, value and opportunity
Significant progress, value and opportunity 1. Project Finance is next key milestone 2. First exports 12 months from project finance completion 3. Mining licence granted 4. 4 offtake agreements covering ~80% of Montepuez stage 1. 100% first year production 5. Our customers supply full range of indus
Slide 9: Montepuez an Exceptional first Project
Montepuez an Exceptional first Project Montepuez Graphite Project 2 VES (First Module) Annual graphite production 45,000 – 50,000pa Capex (pre-production) US$42.3 M Opex (concentrate/t)7 US$337/t Grade processed 12% TGC Plant Type and Scale Modular, ~500ktpa Projected Payback <2 years5 Net Operating
Slide 10: Crushing Material for Road Construction
Crushing Material for Road Construction 10
Slide 11: Haul Road Earthworks Underway
Haul Road Earthworks Underway 11
Slide 12: Permanent Camp Construction
Permanent Camp Construction 12
Slide 13: Community Advisory Committee Project Update
Community Advisory Committee Project Update 13
Slide 14: Plant Site Ground Preparation
Plant Site Ground Preparation 14
Slide 15: Montepuez Local Market Garden
Montepuez Local Market Garden 15
Slide 16: Montepuez Detailed Drilling Confirms Potential
Montepuez Detailed Drilling Confirms Potential Elephant deposit, comprised 240 holes for 4,968 metres drilled to refusal using blade RC aircore technique. The results include: ▪ EL028A, 37 metres at 13.49% TGC from surface, ▪ EL058A, 20 metres at 15.61%TGC from 2 metres, ▪ EL078A, 24 metres at 16.07
Slide 17: Montepuez Exploration Target – Additional Growth
Montepuez Exploration Target – Additional Growth 300-400MT @ 5-10 % TGC1 • 5 VTEM target areas • Only 15-20% of targets have been drilled • VTEM conductors remain largely untested • All deposits remain open at depth and along strike • Potential for 300- 400Mt @ 5-10% TGC1 • Buffalo deposit drilling
Slide 18: Balama Scoping Study Outcomes
Balama Scoping Study Outcomes Balama Graphite Project 2 Scoping Study Annual graphite production 50,000 – 55,000pa Capex (pre-production) US$50 M Opex (concentrate/t)6 US$372/t Grade Processed 10.6% TGC Plant Type and Scale Modular, ~550ktpa Projected Payback <1.5 years5 Net Operating Cash Flow >US$
Slide 19: Next 20 months targets
Next 20 months targets • Finalise debt and equity funding for Montepuez Stage 1 • Complete early stage site works, camp, roads and civils • Delivery of long lead items to site • Balama Feasibility Study • Resource Updates • Complete construction and complete commissioning • First Exports • Complete
Slide 20: Disclaimer & Competent Persons Statement
Disclaimer & Competent Persons Statement Forward Looking Statements published data for which Competent Persons consents were periodic and continuous disclosure announcements lodged with obtained. Their consents remain in place for subsequent releases the ASX, which are available on the Battery Miner
Slide 21: APPENDICES
APPENDICES • Graphite Price Trend Jan 2016 to May 2018 - Montepuez • Graphite Price Trend Jan 2016 to May 2018 - Balama Central • Key Milestones for BAT • Mineral Resources and Ore Reserves (slides 28 to 31) 21
Slide 22: Graphite Price Trend Jan 2016 to May 2018
Graphite Price Trend Jan 2016 to May 2018 Montepuez Basket Price Graphite commodity prices have steadily Flake Graphite Price Trend Jan 16 - May 18 improved since March/April 2017 $2,500 USD, Metric tonnes Data source: Benchmark Mineral Intelligence $2,000 Montepuez: Battery Minerals - Flake Graphit
Slide 23: Graphite Price Trend Jan 2016 to May 2018 (cont)
Graphite Price Trend Jan 2016 to May 2018(cont) $2,500 Balama Central Basket Price Flake Graphite Price Trend Jan 16 - May 18 Balama Central Graphite Project USD, Metric tonnes Data source: Benchmark Mineral Intelligence ▪ Higher Jumbo and Large flake product $2,000 ▪ Higher basket price of circa US
Slide 24: Key Milestones for BAT
Key Milestones for BAT Milestone Status • Environmental Impact Assessment ✓ Completed and Approved, 2017 • PFS,DFS and Value Engineering Studies ✓ Completed, 2017 • Detailed engineering, early works & procurement ✓ Completed • Port Allocation from government for Pemba port ✓ 100,000tpa export capaci
Slide 25: Montepuez Ore Reserves and Mineral Resources
Montepuez Ore Reserves and Mineral Resources • Ore Reserve Estimate January 2017 for Buffalo and Elephant deposits is 41.4Mt @ 8.80% TGC for 3.64Mt of graphite reported at a cut-off grade of 4% TGC • Total Mineral Resource January 2017 for Buffalo and Elephant deposits is 105.9Mt @ 7.74% TGC for 8.2
Slide 26: Montepuez Mineral Resource Statement
Montepuez Mineral Resource Statement Total Mineral Resource January 2017 for Buffalo and Elephant deposits is 105.9Mt @ 7.74% TGC for 8.2Mt of graphite reported at a 2.5% TGC cut-off ELEPHANT RESOURCE @ 2.5% TGC cut-off - January 2017 Contained Contained Tonnes TGC V2O5 Classification Type Graphite
Slide 27: Balama Central Mineral Resource (1)
Balama Central Mineral Resource (1) Total Mineral Resource for Balama Central is 32.9 million tonnes at 10.2 per cent TGC for 3.36Mt of graphite reported at a 6.0% TGC cut-off and includes Indicated Resources of 26Mt @ 10.3% TGC for 2,733Kt of graphite reported at a 6.0% TGC cut-off BALAMA CENTRAL G
Slide 28: Balama Central Mineral Resource (2)
Balama Central Mineral Resource (2) Total Mineral Resource for Balama Central is 32.9 million tonnes at 10.2 per cent TGC for 3.36Mt of graphite reported at a 6.0% TGC cut-off and includes Indicated Resources of 26Mt @ 10.3% TGC1 for 2,733Kt of graphite reported at a 6.0% TGC cut-off Balama Central