Wa1 Resources Ltd · ASX:WA1
Wa1 Resources — Canaccord Genuity Latam Conference (September 2023)
28 slides from Wa1 Resources's conference presentation, Sep 27, 2023
Slide 1: West Arunta Project Investor Update
WEST ARUNTA PROJECT INVESTOR UPDATE SEPTEMBER 2023
Slide 2: Important Notices and Disclaimer
IMPORTANT NOTICES AND DISCLAIMER Nature of Document: This presentation has been prepared and issued by WA1 Resources Ltd Not financial product advice: Neither the Company nor any of its related bodies corporate is (WA1, the Company) to provide general information about the Company. The information i
Slide 3: Globally Significant Niobium Discovery
GLOBALLY SIGNIFICANT NIOBIUM DISCOVERY High-grade niobium discoveries in a world-class mining jurisdiction 41 Advancing a critical mineral Nb Niobium project in the concentrated, high- value, niobium market 92.906 Investor Presentation | Page 3
Slide 4: Corporate Snapshot
CORPORATE SNAPSHOT CAPITAL STRUCTURE1 REGISTER COMPOSITION1 SHARE PRICE (1 SEPTEMBER 2023) A$5.53 SHARES ON ISSUE 53.7M 19% BOARD AND MANAGEMENT OPTIONS2 AND PERFORMANCE RIGHTS 4.3M 38% TALI RESOURCES MARKET CAPITALISATION (UNDILUTED) A$297.2M 16% INSTITUTIONS AND HIGH NET WORTH INDIVIDUALS CASH – 3
Slide 5: Leadership Team
LEADERSHIP TEAM BOARD OF DIRECTORS SENIOR MANAGEMENT Gary Lethridge, Chairperson Lucas Stanfield, Project Manager ▪ Significant corporate experience from discovery to production ▪ Experienced mining engineer with more than two decades of experience in mine development and project management, special
Slide 6: Two exceptionally high-grade discoveries of a critical mineral
Two exceptionally high-grade discoveries of a critical mineral
Slide 7: West Arunta Project
WEST ARUNTA PROJECT ▪ Located in Western Australia, one of the world’s pre- eminent mining jurisdictions ▪ The West Arunta Project comprises two mineralised carbonatites discoveries in the maiden 2022 drill program ▪ Luni Carbonatite – over 15,000m now drilled ▪ P2 Carbonatite – significant interpre
Slide 8: The Anatomy of a Carbonatite
THE ANATOMY OF A CARBONATITE ▪ Formed from deep mantle-derived magmatic intrusion ▪ Defined by their composition, being rich in carbonate minerals and often occurring as plugs within intrusive complexes, or as dykes, sills, breccias or veins ▪ May be mineralised with niobium, REE, phosphorus, tantal
Slide 9: Luni – A Tier-1 Carbonatite Complex
LUNI – A TIER-1 CARBONATITE COMPLEX CARBONATITE SCHEMATIC LUNI CABONATITE PLAN VIEW1 LUNI SIMPLIFIED CROSS AND LONG SECTIONS1 Investor Presentation | Page 9 Refer to appendices for full list of references
Slide 10: Luni – Shallow High-Grade Blanket
LUNI – SHALLOW HIGH-GRADE BLANKET ▪ Drilling has focused on defining a high-grade niobium enriched mineralised horizon through broad step-out drilling ▪ Results released to date have confirmed a key relatively shallow zone of high-grade mineralisation within a northeast-southwest trending zone which
Slide 11: Global Niobium Supply
GLOBAL NIOBIUM SUPPLY GRADE OF KEY NIOBIUM PRODUCERS1 NIOBIUM SUPPLY (2019)2 8% 2.5% 11% 80% OF GLOBAL SUPPLY 80% 1.0% 0.4% HIGH MARGIN PRODUCTION PROFILE: US$10-12/KG FERRONIOBIUM OPEN PIT AND <US$19/KG FERRONIOBIUM UNDERGROUND OPERATING COSTS2 CBMM CMOC NIOBEC Investor Presentation | Page 11 Refer
Slide 12: CBMM – Araxá Mine
CBMM – ARAXÁ MINE ▪ Barreiro Carbonatite complex discovered in 1953 ▪ Simple physical beneficiation with a single stage float and pyrometallurgy steps to produce ferroniobium products ▪ Mining commenced in 1961 from a shallow oxide orebody ▪ Majority private ownership (70%)3 ▪ Strategic global asset
Slide 13: Niobium Market Distribution
NIOBIUM MARKET DISTRIBUTION FeNb supply1 FeNb demand2 Listed as critical3 CANADA 8% EUROPE IDENTIFIED BY MANY 20% COUNTRIES AS A CRITICAL CHINA JAPAN NORTH 35% S. KOREA MINERAL DUE TO SUPPLY AMERICA 18% 13% 11% CONCENTRATION BRAZIL 91% DIVERSE GLOBAL WEST ARUNTA CUSTOMER BASE IN 80% PROJECT DEVELOPE
Slide 14: Niobium Market Summary
NIOBIUM MARKET SUMMARY ▪ Market size in 2022 approximately 100,000tpa ferroniobium (FeNb) equivalent DEMAND BY INDUSTRY ▪ Approximately 90% of niobium is currently consumed as a micro alloy in the form of FeNb for US$2.3b in market value1 24% CONSTRUCTION ▪ Battery market currently only accounts for
Slide 15: The only replacement for steel is better steel
41 Nb Niobium 92.906 The only replacement for steel is better steel
Slide 16: Niobium Demand – Steel Industry
NIOBIUM DEMAND – STEEL INDUSTRY MATERIAL OPTIMISATION ▪ Very small amounts ( <1%) of ferroniobium as a micro-alloy in steel production significantly increases yield and tensile strength whilst retaining formability and weldability - NIOBIUM ▪ Strength improvements allow for lighter, more efficient s
Slide 17: Dematerialisation in Construction
DEMATERIALISATION IN CONSTRUCTION THE STEEL INDUSTRY ACCOUNTS FOR 7% OF GLOBAL CO2 EMISSIONS China Zun Tower, Beijing ▪ 130,000t total steel used ▪ Utilised 40t of FeNb 65% in construction costing US$1.2m1 ▪ Adding 0.02% Nb to ▪ Saving 12,000t of Steel HIGHER QUALITY STEELS steel componentry valued
Slide 18: Efficiency in Mobility
EFFICIENCY IN MOBILITY ALLOYED STEEL IN MOBILITY ▪ Haul truck bodies replaced with high- strength niobium alloyed steel ▪ 25% reduction in body and subframe weight allowing a 4% payload increase ▪ 6,800 journeys saved 8.0% 7.5% 2.7% per year for same ore REDUCTION IN FUEL REDUCTION IN TYRES OVERALL
Slide 19: Niobium Demand – EV Batteries
NIOBIUM DEMAND – EV BATTERIES NYOBOLT NIOBIUM OPTIMISED BATTERY BATTERY TECHNOLOGY TECHNOLOGY NIOBIUM BATTERY LEADERS ▪ 10x longer life than traditional batteries – significantly reducing e-waste1,2 ▪ Ultra-fast charging – full charge in 6 minutes or less2 ▪ Increased stability – up to 20,000 fast c
Slide 20: Key Workstreams
KEY WORKSTREAMS SCOPE TO ADD SIGNIFICANT VALUE Project Pipeline P2 Discovery Luni Drill Out Maiden Luni Extension Mineral $8.00 & Mineralogy Resource Process estimate Testwork Programs $6.00 Ongoing Luni Luni Discovery Luni Extension Drilling $4.00 P2 Discovery $2.00 $0.00 Not to scale and illustrat
Slide 21: Luni Drilling and Mineral Resource
LUNI DRILLING AND MINERAL RESOURCE ▪ Large carbonatite with shallow, high- grade niobium mineralisation evident over significant extent ▪ Enriched blanket of mineralisation with meaningful widths starting near surface ▪ Mineralisation remains open, with the high-grade enriched layer yet to be latera
Slide 22: Mineralogy and Metallurgy
MINERALOGY AND METALLURGY ▪ Five composite samples have undergone detailed mineralogical assessment using QEMSCAN and XRD Liberation of Niobium Niobium niobium Next steps ▪ Dominant high-purity, primary niobium bearing minerals minerals content minerals observed in the samples >85% of -150 to Prelim
Slide 23: P2 Carbonatite Discovery
P2 CARBONATITE DISCOVERY ▪ First drill hole (October 2022) at the P2 Target discovered a mineralised carbonatite system ▪ End of hole returned the highest-grade (1m @ 1.72% Nb2O5)1 suggesting mineralisation may be open and have depth potential ▪ New geophysical data captured over P2 to further refin
Slide 24: Key Project Workstreams Initiated
KEY PROJECT WORKSTREAMS INITIATED Drilling Process Testwork Environmental Targeting a maiden resource Mineralogical and metallurgical Baseline studies have estimate in H1-2024 testwork underway commenced Transport Studies Water Power Solution Multiple road and rail Regional sources with potential Re
Slide 25: Key Takeaways
KEY TAKEAWAYS 41 Nb Niobium 92.906 HIGH-GRADE MINERALISED CONCENTRATED GROWING TEAM OF CONTINUOUS FLOW OF CARBONATITE HIGH-VALUE NIOBIUM PROJECT ADVANCEMENT EXPLORATION RESULTS DISCOVERIES MARKET EXPERTS AND PROJECT NEWS ▪ Luni is a globally ▪ High-value critical mineral ▪ Highly successful board ▪
Slide 26: WA1's ESG Focus
WA1’S ESG FOCUS 41 Nb Niobium 92.906 POSITIVE IMACT ON THE FUTURE FACING MINERAL BUSINESS ETHICS AND COMMUNITIES WITHIN THE EXPLORATION ENABLING CORPORATE GOVERNACE LANDS WE OPERATE DECARBONISATION Investor Presentation | Page 26
Slide 27: Advancing an essential critical mineral project
41 Nb Niobium 92.906 Advancing an essential critical mineral project for the constrained, high-value niobium market WA1 Resources Ltd Investors Product Marketing Media Paul Savich Gustavo Macedo Michael Vaughan Lvl 2, 55 Carrington Street, Managing Director Niobium Marketing Advisor Fivemark Partner
Slide 28: References and Notes
References and Notes SLIDE 8 2. “Brazil Miner CBMM seeks to sell 45,000 tons of niobium oxide by 2030”. viewed at 1. Adapted from Lynas Corporation Ltd- Investor Presentation January 2010 https://www.nasdaq.com/articles/brazil-miner-cbmm-seeks-to-sell-45000-tons-of-niobium-oxide-by-2030- 2. Gregory
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