Slide 1: Investor Presentation – Mining Indaba – Cape Town
For personal use only Investor Presentation – Mining Indaba – Cape Town February 2018
Slide 2: Disclaimer & Competent Person's Statements
Disclaimer & Competent Person’s Statements The information contained in this presentation or subsequently provided to any recipient of this presentation whether orally or in writing by or on behalf of Prospect Resources For personal use only Ltd (“Prospect Resources or the Company”) or its respectiv
Slide 3: Prospect Resources Background
Prospect Resources Background Prospect Resources Limited (ASX:PSC) an African Battery Minerals Company For personal use only Company has been built around core team made up of: Africa Team - focus on exploration and development Strong and experienced local team with a track record of discovering,
Slide 4: Prospect Resources Background (cont)
Prospect Resources Background (cont) Prospect Resources Limited (ASX:PSC) is a battery minerals Market Data For personal use only company based in Perth with operations in Zimbabwe, and exploration activities in Zimbabwe and the DRC Shares outstanding 2 Feb 18 1,604,128,296 Zimbabwe, under a new
Slide 5: Arcadia Lithium Project Summary
Arcadia Lithium Project Summary For personal use only Offtake Ongoing “Break ground” in Globally Significant Agreement Definitive H1 2018 with a Hard Rock Resource Signed with Feasibility Study view to having – Good Location & Sinomine and Legal operating mine Surrounding includes full build Documen
Slide 6: Arcadia Lithium Project Location, Infrastructure and Resources
Arcadia Lithium Project Location, Infrastructure and Resources For personal use only Arcadia is conveniently located and has excellent access to infrastructure and resources: − approximately 35 km East of Harare − less than 20 km gravel road to sealed highway − less than 20 km from railway to Beir
Slide 7: Arcadia Ore Reserve
Arcadia Ore Reserve Arcadia Lithium Deposit Ore Reserve Estimate* For personal use only Li2O Ta2O5 Li2O Ta2O5 Fe2O3 Category Tonnes (%) (ppm) (t) (Mlbs) (%) Proved 8,000,000 1.36 128 109,000 2.2 0.93 Probable 18,900,000 1.28 127 242,000 5.3 1.25 TOTAL 26,900,000 1.31 128 351,000 7.6 1.15 • Ore Reser
Slide 8: Arcadia Mineral Resource Estimates
Arcadia Mineral Resource Estimates For personal use only High Grade Zone - 1% Li2O Cut-off* Category Tonnes Li2O % Ta2O5 ppm Li2O Tonnes Ta2O5 Mlbs Measured 10,200,000 1.45% 132 148,100 3.0 Indicated 27,200,000 1.39% 119 378,400 7.1 Inferred 5,800,000 1.45% 97 84,000 1.2 GRAND TOTAL 43,200,000 1.41%
Slide 9: Arcadia Lithium Project Highlights
Arcadia Lithium Project Highlights Description Result/ Output For personal use only Mineral Resource at 1% Li2O Cutoff* 43.2 Mt @ 1.41 % Li2O Ore Reserve* 26.9 Mt @ 1.31 % Li2O & 128 ppm Ta2O5 Plant Throughput 1,200,000 tpa Life of Mine (LoM) +20 years Li2O Recovery DMS, Spirals and Flotation 71 % L
Slide 10: Arcadia Lithium Project High Level Investment Returns
Arcadia Lithium Project High Level Investment Returns Summary – Mine and Concentrate Plant Only For personal use only Updated PFS Model Result (USD) Model Output Summary: − Pre-Tax Net Present Value at 10% $319M − Internal Rate of Return 189% − Gross Revenue LoM $2.3B − OPEX LoM $1.4B − Net Cash flo
Slide 11: Prospect Resources Exploration
Prospect Resources Exploration Prospect has: For personal use only A world class mineral exploration team with a proven track record Strong network and reputation in the region Assessing various regional mineral opportunities focused on, but not limited to, battery minerals Malachite & Heterog
Slide 12: Electric Vehicles Drive Demand
Electric Vehicles Drive Demand For personal use only Electric Vehicles (“EVs”) are about to reach tipping point in penetration, and as a result investment in battery technology and production is rising rapidly China target 2025 20% of vehicle production to be EV Britain 2040 deadline all vehic
Slide 13: Lithium Demand has Outpaced Supply
Lithium Demand has Outpaced Supply Resulting in significant increase in lithium prices For personal use only USD12,730/t Source: GTIS - www.gtis.com 6% Li2O Spodumene Concentrate Prices • 2014 Greenbushes USD390/t CIF China (est) • 2015 Greenbushes USD425/t CIF China (est) • 2016 Greenbushes USD47
Slide 14: Global Hard Rock Lithium Resources
Global Hard Rock Lithium Resources For personal use only Note: Hard Rock refers to all pegmatite hosted Li deposits only. Mineral Resource estimates for Projects other than Arcadia have been sourced from Company Public Domain sources. These estimates have been prepared under differing estimation met
Slide 15: Profiles – Board Members
Profiles – Board Members Prospect Resources board of directors, management and technical consultants have extensive experience and For personal use only demonstrated capacities in the commercialisation of mineral ores in Zimbabwe and across Africa. Mr Warner holds a Bachelor of Economics from the Un
Slide 16: Profiles – Key Management
Profiles – Key Management For personal use only Mr Chimbodza is the holder of a BSC Honours degree in geology and has held positions of increasing responsibility over Paul Chimbodza his more than 25 years in the mining and minerals exploration industry. He has occupied senior management and (Executi
Slide 17: Profiles – Key Management (cont)
Profiles – Key Management (cont) For personal use only Mr Kitney is a practising Metallurgist with over 46 years with experience in mineral processing ranging from R&D, operations management. Also lately project design, construction and commissioning. Minerals exposure includes Mike Kitney alumina,
Slide 18: Summary of Conditional Placement & Off-take Agreement
Summary of Conditional Placement & Off-take Agreement For personal use only Placement – Sinomine to invest A$10,000,000 via a share placement in Prospect at A$0.05 per share. Subject to regulatory approvals (including Chinese NDRC, and FIRB; Zimbabwe Exchange Control); and Offtake Agreement fo
Slide 19: About Sinomine
About Sinomine For personal use only Founded in 1999, Sinomine Resource Exploration Co., Ltd., (Sinomine) was spun out from China Nonferrous Metal Mining (Group) Co., Ltd and is now a modern integrated geo-tech services company with head offices in Beijing, China. The company is listed on the Sh
Slide 20: For further information, please contact
For personal use only For further information, please contact Hugh Warner Harry Greaves Prospect Resources Prospect Resources Executive Chairman Executive Director Mobile: +61 413621652 Mobile:+263 772144669 www.prospectresources.com.au Prospect Resources 20