Pivotal Metals Limited · ASX:PVT
Pivotal Metals — Investor Presentation (November 2020)
24 slides from Pivotal Metals's investor presentation, Nov 5, 2020
Slide 1: Global minerals explorer and developer
ASX:RFR Global minerals explorer and developer Corporate Presentation Steven Turner, Managing Director Rafaella Resources Limited 5 November 2020 Rafaella Resources Ltd (ASX:RFR) 5 November 2020 1
Slide 2: Disclaimer
Disclaimer The release, publication or distribution of this presentation in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this presentation is released, published or distributed should inform themselves about and observe such restrictions. DISC
Slide 3: Project Portfolio
Project Portfolio Santa Comba W/Sn - Feasibility Development - Spain • Flagship Santa Comba McCleery tungsten mine in Cu-Co-Ag Galicia, northwest Exploration Spain Exploration - Canada • McCleery copper, Midrim/Laforce cobalt, silver in Yukon. Ni-Cu-PGE • Midrim/Laforce high Exploration grade Ni-Cu-
Slide 4: Company Focus
“Rafaella is focused on fast tracking development Company of our wholly-owned Santa Comba tungsten project Focus whilst building exposure to a portfolio of high-grade critical metals in mining friendly jurisdictions.” RFR Managing Director Steven Turner Rafaella Resources Ltd (ASX:RFR) 5 November 20
Slide 5: Santa Comba Tungsten and Tin Project
Santa Comba Tungsten and Tin Project Rafaella Resources flagship development project in Galicia, northwest Spain Rafaella Resources Ltd (ASX:RFR) 5 November 2020 5
Slide 6: Tungsten Market
SANTA COMBA PRODUCTION Tungsten Market IN HIGH DEMAND ➢ Tungsten identified as a critical material • Global production ~90,000t WO3 ➢ Highest melting point. Second hardest material after diamond • China supplies 80% and ➢ Used in heavy machine tooling and drilling. consumes 55%. Reducing supply ➢ No
Slide 7: Santa Comba
Santa Comba • 10.6km2 massif comprising 7 concessions with 8 extensions hosting: – Near-surface disseminated ore and granite veinlets and – Underground narrow-vein, high grade mineralisation – Significant exploration upside (near-surface target 16.2Mt to 48.6Mt with minimum grade of 0.15% and maximu
Slide 8: Santa Comba Investment Strengths
Santa Comba Investment Strengths ✓ Existing high-grade resources ✓ Substantial upside at surface and underground ✓ Concessions granted until 2068 ✓ Strong social licence to operate with low environmental impact ✓ Significant prior investment in process plant ✓ Close to deep-water ports via sealed ro
Slide 9: Santa Comba
Santa Comba • Existing aggregate quarry operation – no pre-strip to access tungsten ore • Rocky outcrop and scrubs – no competing land use • Nearest town Santa Comba – 7km away Rafaella Resources Ltd (ASX:RFR) 5 November 2020 9
Slide 10: Resource Drilling
Resource Drilling • 2019/2020 drilling comprised 8825m/65 holes and has expanded the area of known disseminated and vein mineralisation • More than 65,000m2 of prospective area for disseminated mineralisation defined and still open • Prospective zone now defined for over 1,000m in strike, 100m in wi
Slide 11: High Grade Resource
Left: Disseminated near surface mineralisation High Grade Resource Below: Narrow vein high grade underground mineralisation • Historical underground production. Open along strike and at depth. • Drilling campaign in 2015/2016 confirmed near-surface resource. • 2019/2020 drilling campaign better defi
Slide 12: Ore Sorting Success
Ore Sorting Success Raw XRT Inclusion image Processed XRT Inclusion image Driving down operating and capital costs TOM 3 • Extensive test-work conducted on X-ray sorting • Results showed 50% rejection of unmineralized rock and doubling of feed Various Santa Comba samples being tested by Tomra Sortin
Slide 13: High WO3 Recoveries
High WO3 Recoveries • Grinding Solutions has completed Phase 2 testing • 70% overall recovery confirmed • Test work based on full process cycle of 500kg of Sta Comba disseminated ores after preliminary X- Modular ‘Falcon’ enhanced gravity concentrator ray ore sorting • Demonstrated disseminated ore
Slide 14: Existing Infrastructure
Hormigones Santa Comba concrete plant Council building Galicia Tungsten facilities • Sealed roads to port Existing • Grid power Infrastructure • Tailings dam • Workshop and concentrate shed Rafaella Resources Ltd (ASX:RFR) 5 November 2020 14
Slide 15: Underground – early commissioning underway
Underground – early commissioning underway • Initial target 18,000t of ore left behind • 234kt of Inferred Resource at 0.95% based on 4 veins • Open at depth with increasing tenor Current work programme • Entrances cleared with safe access • Installation of main dewatering pumping station • Cleaning
Slide 16: Social License
Social License • Galicia strong tradition in mining • Municipal license granted • Mina Carmen u/g and processing plant site approved in 2012 and o/p mining within quarry area • Environmental and restoration bond in place with Galician administration (Xunta de Galicia) • The Xunta de Galicia actively
Slide 17: Fast Track To Production
Fast Track To Production* Q3 2019 Q4 2019 H1 2020 H2 2020 2021 2022 GTT acquired (27/08/19) Drilling Up to 5 drill JORC commences rigs on site Report (16/09/19) Sales Grinding Solutions / Tomra Construction & Feasibility Study Expansion Sorting engaged – met test commissioning * These dates are aspi
Slide 18: High Impact Canadian Exploration Portfolio
High Impact Canadian Exploration Portfolio McCleery Cu-Co-Ag in Yukon Midrim/Laforce Ni-Cu-PGE in Quebec (post 5 Nov 2020) Rafaella Resources Ltd (ASX:RFR) 5 November 2020 18
Slide 19: McCleery prospective for Cu-Co-Ag
McCleery prospective for Cu-Co-Ag • Only 14 of the 35 samples of historic sampling programme (1982) were assayed for copper, with over half returning values greater than 1.0% Cu. • A single rock chip was analysed for cobalt, this returned 0.76% Co and 14 g/t Ag. • VTEM anomaly identified by RFR in l
Slide 20: New Acquisition brings high-grade Ni-Cu-PGE sulphides
New Acquisition brings high-grade Ni-Cu-PGE sulphides Table 1: Midrim Deposit Significant Massive Sulphide Intersects Midrim ❑ Hosted within a gabbroic intrusion approximately 330m long and 85m wide. ❑ Mineralisation mainly chalcopyrite, pyrrhotite, millerite, violarite, pentlandite and pyrite. ❑ 32
Slide 21: Midrim and Laforce
Midrim and Laforce Supported by shareholders (29 Oct) and to close on 5 Nov 2020 ❑ Technical due diligence supports belief that the projects offer significant value upside to shareholders ❑ Existing deposits represent important proof of concept that the gabbroic intrusive systems are fertile and pro
Slide 22: Corporate Snapshot
Corporate Snapshot Listed - ASX:RFR 4 Nov 2020 Share price* $0.087 Shares** 107.2 million Options 44.5 million Cash*** 1.5 million Market capitalisation** 9.3 million Average volume 205k Enterprise value** ~$7.8 million *As of 4 Nov 2020 **pro forma post issuance of Midrim/Laforce consideration RFR
Slide 23: Why invest in Rafaella Resources
✓ Permitted near term production asset o Substantial infrastructure in place o Feasibility nearing completion Why invest o Well positioned to supply market short on WO3 in Rafaella o Existing offtake Resources ✓ Portfolio exposed to critical metals offering o High grades o Exploration upside Rafaell
Slide 24: Rafaella Resources Limited (ASX:RFR)
Rafaella Resources Limited (ASX:RFR) Rafaella Resources Limited Rafaella Resources ABN 49 623 130 987 Steven Turner, Managing Director Level 8, 175 Eagle Street, T: +34 604 075 456 Brisbane QLD 4000 E: steven.turner@rafaellaresources.com.au GPO Box 2517 WA 6831 T: +61 8 9481 0389 Media & Investor En
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