Waratah Minerals Limited · ASX:WTM
Waratah Minerals — Battery Minerals — Morgans Breakfast (June 2017)
25 slides from Waratah Minerals's conference presentation, Jun 15, 2017
Slide 1: Morgans Breakfast Presentation
Morgans Breakfast Presentation 15th June 2017 1
Slide 2: Its About Batteries – Presentation Summary
Its About Batteries – Presentation Summary • Lithium Ion Battery Market • Development strategy – Operating ideas – People – Value adding strategy • Project and status report – What we are doing now • Next Steps 2
Slide 3: Its About Batteries
Its About Batteries 1 based on estimate from Evvolumes.com 3
Slide 4: Its About Batteries
Its About Batteries Figure 22: EV sales by region (m units) Figure 5: Raising our global EV forecasts — steep part of s-curve getting closer 16 “4 7% Steep part of the 30% s-curve begins ~2020 12 10 25% S 20% 6 15% 4 31% CAGR sa 2 5% 0 5 6 we & Ge Me Mw 9 & 0% 7S TE AB Oe So VV PPL LWP HH 2015 2016
Slide 5: 30M EV's per annum by 2030
30M EV’s per annum by 2030!!!!! Source – Morgan Stanley Research 2017 BEV = Battery Electric Vehicle ICE – Internal Combustion Engines 5
Slide 6: Its About Batteries
Its About Batteries Figure 9: Battery type comparison LFP NCA Cathode materials Lithium Lithium Iron Nickel Phosphate Cobalt oxide Aluminum Anode materials raphite Graphite Cost Low Hig Energy density Low High Battery life Long Short Safety High Mid Companies Chinese battery makers Japanese battery
Slide 7: Its About Batteries
Its About Batteries Figure 2: EV battery pack costs (US$/kWh) Figure 10: Material cost comparison by cathode (US$/kWh) 60 350 50 300 250 40 200 — 30 150 100 20 50 10 oO ss 8 8 8 RR RRR KR Mo LP NCA NMC Range of external estimates s__—_,= UBS base case =Cathode "Anode — Electrolyte Separator = Other
Slide 8: Its About Batteries
Its About Batteries Figure 27: EV battery supply chain Automobile maker Battery maker Automobile maker Beijing Automotive Industry Holdings General Motors JAC Motors: Ford Great Wall S Farraday Future Ly A Volkswagen group (VW, Audi, Porsche, Bentley) Chrysler Guoxuan High-Tech Lucid Motors LG Chemi
Slide 9: "It is About Delivery" – The Key Pillars
“It is About Delivery” – The Key Pillars Strategic Pillar Description Deliver the project Achieve approvals, recruitment, plant procurement, construction, commissioning and ramp up. Mine, process and sell. Marketing and Offtake Conclude high quality sales agreements for flake and spherical graphite
Slide 10: Progress Report
Progress Report ITEM Status Cell Battery Complete 18650 Battery Complete Pilot SPG Plant JV in USA co Successfully operated and delivered spherical graphite Definitive Feasibility Study on Flake Complete Prefeasibility on Spherical Graphite Complete Bulk Sample Stage 1 2,000t Extraction, Haulage and
Slide 11: Mine Location & Infrastructure Benefits
Mine Location & Infrastructure Benefits • Two graphite projects located in the Cabo Delgado province of Mozambique in East Africa • Significant graphite export operations/ capacity • Excellent logistics: only 260km to Pemba port via existing roads • Modern mining act and pro-mining government • Stab
Slide 12: Bulk Sample Mining at Montepuez Project
Bulk Sample Mining at Montepuez Project 12
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Slide 22: Stage 2 – What is it
Stage 2 – What is it Stage 2 – Early stage works for Project Development First Commercial Phase production – Target Parameters target early cash flow Mining rate 250 to 300,000 tpa Flake Production Capacity 20,000t at 97 to 99% TGC Purified Spherical Graphite Capacity 10,000 tpa Capital Cost with co
Slide 23: Next 12 Months
Next 12 Months • Mozambique mining license approved, 2H 2017 • Stage 1 spherical graphite DFS - bulk sample • Dry season exploration activity May 2017 to November 2017 • Detailed Engineering & procurement for Stage 2, 2H 2017 • Choose preferred funding option for Stage 2 • Commence Stage 2 construct
Slide 24: David Flanagan, Executive Chairman
David Flanagan Executive Chairman Battery Minerals Limited E: david.flanagan@batteryminerals.com W: www.batteryminerals.com 24
Slide 25: Disclaimer & Competent Persons Statement
Disclaimer & Competent Persons Statement Forward Looking Statements • Any references to Ore Reserve and Mineral Resource • Battery Minerals confirms that it is not aware of any estimations should be read in conjunction with the new information or data that materially affects the • Statements and mat