Wa1 Resources Ltd · ASX:WA1
Wa1 Resources — Investor Presentation (October 2024)
23 slides from Wa1 Resources's investor presentation, Oct 15, 2024
Slide 1: West Arunta Project: A Once in a Generation Niobium Discovery
For personal use only WEST ARUNTA PROJECT A ONCE IN A GENERATION NIOBIUM DISCOVERY CORPORATE PRESENTATION OCTOBER 2024 1| 1|
Slide 2: Important Notices and Disclaimer
IMPORTANT NOTICES AND DISCLAIMER Nature of Document: This presentation has been prepared and issued by WA1 Resources Not an offer: This presentation and its contents are not an invitation, offer, solicitation or Ltd (WA1, the Company) to provide general information about the Company. The recommendat
Slide 3: West Arunta Project
WEST ARUNTA PROJECT Luni niobium deposit was discovered in 2022 and is located in Western Australia For personal use only 100% owned by WA1 A$100M in cash to advance key project workstreams Luni niobium deposit Strong share register of long-term institutional investors Highly qualified management te
Slide 4: Luni Mineral Resource
LUNI MINERAL RESOURCE1 ▪ Drilling has focused on defining a shallow enriched blanket of high-grade niobium mineralisation ▪ Resource drilling has continued to better define high-grade zones to increase resource confidence For personal use only ▪ The Mineral Resource commences between 30m and 70m bel
Slide 5: Luni Mineral Resource
LUNI MINERAL RESOURCE1 ▪ Inferred Mineral Resource estimate (MRE) contains world-class grade and scale: 2.1% ▪ 200 Mt @ 1.0% Nb2O5 For personal use only ▪ The MRE contains a significant high-grade subset of: ▪ 53 Mt at 2.1% Nb2O5 ▪ Deposit characteristics indicate Luni may be amenable to low-cost op
Slide 6: CBMM's Araxá Deposit
CBMM’S ARAXÁ DEPOSIT ▪ The Araxá niobium deposit was discovered in 1953 and is in the state of Minas Gerais, Brazil1 For personal use only ▪ Supply’s over 80% of the world's niobium ▪ The carbonatite complex is circular in shape with an average grade of 2.5% Nb2O5 within its shallow high-grade enric
Slide 7: Niobium Industry Process Flowsheets
NIOBIUM INDUSTRY PROCESS FLOWSHEETS1 1 2 3 REFINING CONVERSION TO BENEFICIATION (Pyrometallurgy or FERRONIOBIUM For personal use only Hydrometallurgy) (Pyrometallurgy) 53% 53% Unoptimised Rec’y Calcining Rec’y Future testwork Crushing & Grinding HCl Leaching Future Programs programs will provide an
Slide 8: Initial Process Testwork Results for Luni
INITIAL PROCESS TESTWORK RESULTS FOR LUNI1 SIMPLIFIED BENEFICIATION AND REFINING TESTWORK FLOWSHEET GRADE-RECOVERY CHART OF KEY INITIAL PROCESS TESTWORK 100 Phosphate Luni Core Crushing and Phosphate Desliming Flotation 90 For personal use only Sample Grinding Concentrate Refined concentrate (Stage
Slide 9: Global Niobium Supply
GLOBAL NIOBIUM SUPPLY GRADE OF KEY NIOBIUM PRODUCERS1 (Nb2O5) GLOBAL FERRONIOBIUM PRODUCTION2 2.5% 125,000 Ferroniobium production (tpa) 80% For personal use only GLOBAL SUPPLY 100,000 BY PRODUCER3 75,000 11% 8% 50,000 1.0% 25,000 - 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 0.4% HI
Slide 10: Niobium Market Distribution
NIOBIUM MARKET DISTRIBUTION FeNb supply1 For personal use only FeNb demand2 CANADA 8% Listed as critical3 EUROPE 20% NORTH AMERICA 18% JAPAN S. KOREA CHINA 13% 35% Identified by many countries as a critical mineral due to 11% supply concentration BRAZIL 91% EU Critical Mineral Rankings - 20234 US Cr
Slide 11: Ferroniobium Demand
FERRONIOBIUM DEMAND NIOBIUM DEMAND BY TYPE1 ▪ Global ferroniobium production is approximately 115ktpa and For personal use only sells for ~US$30,000/t1 ▪ Micro-alloyed steels using OIL & GAS STRUCTURAL niobium increase the efficiency PIPELINES of the steel industry ▪ Strength improvements allow ligh
Slide 12: The Only Replacement for Steel Is Better Steel
THE ONLY REPLACEMENT FOR STEEL IS BETTER STEEL For personal use only MARINA BAY SANDS - SINGAPORE OPTUS STADIUM - PERTH 130,000t total steel used in construction Adding 0.02% Nb to steel componentry resulted in a total steel saving of 12,000t while improving build quality Utilised 40t of FeNb 65% co
Slide 13: Niobium Oxide Demand
NIOBIUM OXIDE DEMAND ▪ Niobium oxide is predominately NIOBIUM DEMAND BY TYPE3 produced through additional For personal use only treatment applied to refined ferroniobium1 NIOBIUM OXIDE 12% ▪ Key established and high-growth markets include2: AEROSPACE SUPERCONDUCTORS ▪ Superconductive magnets and cap
Slide 14: Niobium Oxide Demand – Batteries
NIOBIUM OXIDE DEMAND – BATTERIES NIOBIUM BATTERY TECHNOLOGY NIOBIUM BATTERY LEADERS • Up to 10x longer life than traditional batteries – For personal use only significantly reducing e-waste1,2 • Ultra-fast charging – full charge in 6 minutes or less2 • Increased stability – up to 20,000 fast charge
Slide 15: Key Project Workstreams
KEY PROJECT WORKSTREAMS Process Testwork Environmental For personal use only Drilling Metallurgical, hydrogeological, Optimisation and variability Baseline surveys and infill and extensional drilling testwork is ongoing to support studies underway underway flowsheet development Logistics Power & Wat
Slide 16: Pre-Development Activities
PRE-DEVELOPMENT ACTIVITIES ▪ Key infrastructure established to support ongoing exploration and pre-development activities For personal use only ▪ Long lead time de-risking studies and activities are underway, including environment, community, hydrogeology, geotechnical, infrastructure and transport
Slide 17: Community & Sustainability
COMMUNITY & SUSTAINABILITY ▪ The West Arunta Project is located on the lands of two native title groups: ▪ Parna Ngururrpa (Luni niobium deposit, non-process infrastructure) For personal use only ▪ Tjamu Tjamu (project access, NPI and transport corridor) ▪ Negotiation Protocols are in place with bot
Slide 18: Project Delivery Team
PROJECT DELIVERY TEAM PROJECT DEVELOPMENT METALLURGY GEOLOGY David English, Project Director Roy Gordon, Metallurgical Manager Stephanie Wray, GM Exploration & Geology ▪ Experienced mining professional with over 30 years ▪ Metallurgical expert who has developed process flowsheets for ▪ Planned and e
Slide 19: Corporate Snapshot
CORPORATE SNAPSHOT PRO-FORMA CAPITAL STRUCTURE EXISTING REGISTER COMPOSITION3 SHARE PRICE (14 OCTOBER 2024) A$13.62 For personal use only SHARES ON ISSUE 64.9M 17% OPTIONS1 AND PERFORMANCE RIGHTS 3.9M 23% BOARD AND MANAGEMENT MARKET CAP (UNDILUTED) A$883M TALI RESOURCES 13% CASH (PRO-FORMA)2 A$104M
Slide 20: Advancing the West Arunta Project to Efficiently Unlock Stakeholder Value
ADVANCING THE WEST ARUNTA PROJECT TO EFFICIENTLY UNLOCK STAKEHOLDER VALUE Near-term Deliverables P2 carbonatite For personal use only Ongoing flotation variability Pachpadra targets testing across Luni Arunta belt Process flowsheet development Madura project INITIAL UPGRADE KEY FOCUSED METALLURGICAL
Slide 21: Advancing an Essential Critical Mineral Project
For personal use only ADVANCING AN ESSENTIAL CRITICAL MINERAL PROJECT FOR THE CONSTRAINED, HIGH-VALUE NIOBIUM MARKET Investors Product Marketing Media Paul Savich Gustavo Macedo Michael Vaughan Managing Director Niobium Marketing Advisor Fivemark Partners WA1 Resources Ltd E: psavich@wa1.com.au E: g
Slide 22: Appendix A - References and Notes
APPENDIX A - REFERENCES AND NOTES SLIDE 3 3. NioBay Metals, Investors – Presentations, retrieved from <http://niobaymetals.com/wp/wp-content/uploads/2021/05/2021- 1. For full details refer to WA1 website and previous ASX announcements 05_Niobay_Corporate_Presentation_.pdf> on 25 October 2022 SLIDE 4
Slide 23: Appendix B – Mineral Resource & Competent Person Statement
APPENDIX B – MINERAL RESOURCE & COMPETENT PERSON STATEMENT Tonnes Nb₂O₅ (%) Nb₂O₅ (kt) P₂O₅ (%) P₂O₅ (kt) For personal use only (Mt) Inferred 200 1.0 1,900 8.8 17,000 1. Mineral Resources are classified and reported in accordance with JORC Code (2012). Competent Person Statements: 2. The effective d