Pls Group Limited · ASX:PLS
Pls — Pilbara Minerals — Non-Deal Roadshow (March 2016)
25 slides from Pls's roadshow presentation, Mar 14, 2016
Slide 1: Global Institutional Roadshow ASX announcement cover letter
ABN 95 112 425 788 14 March 2016 For personal use only ASX Announcements Platform Bridge Street Sydney NSW 2000 Pilbara Minerals Presentation Global Institutional Roadshow Resources Rising Stars Investor Lunch- Australia We enclose a copy of a presentation that the Company will be using on a global
Slide 2: Pilgangoora Lithium-Tantalum Project
For personal use only Pilgangoora Lithium-Tantalum Project ASX: PLS The world’s leading lithium development project March 2016
Slide 3: Pilbara Minerals – Overview
Pilbara Minerals – Overview For personal use only ► 100% ownership of the world-class Pilgangoora Lithium-Tantalum Project in WA’s Pilbara region ► World-class lithium-tantalum reserve with significant upside ► Second largest spodumene-tantalite resource in the world ► Recently completed PFS confirm
Slide 4: Corporate Summary
Corporate Summary For personal use only Capital Structure ASX: PLS Shares on issue 849.3 million Top 20 shareholders 27% Convertible notes (proforma) 3.00 million @ $1.00 each Board & Management 10% Unlisted Options 53.4 million Cash at 08/02/2016 $12.0 million Market capitalisation $297 million @ 3
Slide 5: Pilgangoora – a strategic and globally significant discovery
Pilgangoora – a strategic and globally significant discovery For personal use only 4
Slide 6: Developing a World-Class Lithium Mining Centre
Developing a World-Class Lithium Mining Centre For personal use only ►Pilgangoora Project located 120km south of Port Hedland in WA’s Pilbara region ►Reserve location offers strategic advantages for infrastructure access, mining approvals and lower cost of operations ►High quality PFS demonstrates e
Slide 7: PFS Highlights: Technically and financially robust long-life project
PFS Highlights Technically and financially robust long-life project For personal use only ► 2Mtpa mining and on-site processing ► Forecast annual production of approximately 330ktpa of 6% spodumene concentrates (48ktpa of Lithium Carbonate Equivalent or LCE) and 274,000lbs pa of tantalite ► Maiden O
Slide 8: PFS Highlights: Outstanding project economics
PFS Highlights Outstanding project economics driven by very low cost of operations For personal use only ► Life-of-mine operating cash costs1 of only USD$205/tonne of spodumene concentrate FOB (including by-product credits for Ta2O5 production) ► EBITDA over first 5 years of operations of approximat
Slide 9: PFS underscores robust base case however further growth to come
PFS underscores robust base case however further growth to come For personal use only ► Robust PFS: >50% EBITDA margins & 44% IRR based on: ► average spodumene price of US$456/t FOB ► 29.5mt reserve for mine life of 15 years (at 2mtpa) ► We see significant upside potential in several areas: ► Curren
Slide 10: Peer Comparison – Resource Tonnage and Grade
Peer Comparison – Resource Tonnage and Grade For personal use only Talison Lithium Greenbushes NeoMetals Mt Marion Pilbara Minerals Ltd Nemaska Exploration Exploration Target Whabouchi - Canada (2016) RB Energy Ltd Quebec - Canada Altura Mining Ltd Galaxy Resources Pilgangoora Mt Caitlin Pilbara Min
Slide 11: Pilgangoora DFS Underway
Pilgangoora DFS Underway For personal use only Stage 1 Stage 2 Stage 3 Stage 4 Resource PFS DFS Project Growth Complete Underway Delivery Resource Estimation Project Definition Detailed Design and Finance / Permitting – ► JORC Inferred /Indicated ► Maiden reserve, Project Planning December 2016 comp
Slide 12: Global Lithium Markets Surging Demand – Tight Supply
Global Lithium Markets Surging Demand – Tight Supply For personal use only ► Pilgangoora spodumene concentrates meet the metallurgical specifications of the entire range of lithium products ► Over 100% of projected lithium oxide production subject to MOU’s with major off-take partners in China, Japa
Slide 13: Strong Demand Outlook
Strong Demand Outlook For personal use only World forecast demand for Lithium by first use (t LCE) ►Lithium-ion batteries driving demand ► 20%+ annual growth since 2000 ► Currently 30% of global market ►Electric Vehicles and E-Bikes ► Currently 3% of global lithium market ► Accelerated growth expect
Slide 14: Motor Vehicle Lithium Demand
Motor Vehicle Lithium Demand For personal use only • Tesla Series 3 to be released in ► China, Japan and Korean Government 2017, retail price of US$36,000 policy strongly supports EV’s with large rebates, zero sales tax and free • Chinese car manufacturers targeting licensing. sub $20K EV’s by 2017
Slide 15: Summary: Key investment takeaways
Summary Key investment takeaways For personal use only Emerging low- Largest lithium Outstanding Ideally placed to cost Australian resource and project Rapid pathway to capitalize on robust strategic highest grade economics financing and market outlook and metals relative to ASX- demonstrated produc
Slide 16: Additional Information
Additional Information For personal use only Developing a globally significant new Australian lithium project March 2016 – PFS Release 15
Slide 17: Board of Directors
Board of Directors For personal use only Tony Leibowitz Neil Biddle John Young Robert G Adamson Chairman Executive Director Technical Director Non-Executive Director Fellow of The Institute of Geologist and Corporate Geologist and Geologist with over 40 Chartered Accountants in Member of the AusIMM
Slide 18: Management Team
Management Team For personal use only Ken Brinsden John Holmes Alan Boys CEO Exploration Manager Company Secretary / CFO Mining Engineer with over 20 Geologist with over 25 years Chartered Accountant with over years experience including mine experience in mineral exploration 30 years experience and
Slide 19: Pilgangoora – Mining
Pilgangoora – Mining A straightforward open pit mining proposition For personal use only ►Conventional open pit mining proposed, 100-tonne mining fleet ►2Mt ore feed per annum ►LOM strip ratio of 3.5:1, waste: ore tonnes ►Strip ratio over first 5 years 2.87: 1 ►Both owner-mining and contractor minin
Slide 20: Pilgangoora – Processing
Pilgangoora – Processing 2Mtpa ore feed with flowsheet to produce 3 product streams For personal use only 19
Slide 21: A Rapid Pathway to Financing and Development
A Rapid Pathway to Financing and Development For personal use only 20
Slide 22: Market Outlook
Market Outlook For personal use only Price forecasts – Chemical-grade spodumene ►Conservative pricing based on Roskill forecast data ► Latest public contract price +USD$600/t CFR ► Indicative of very tight supply ►Very strong leverage within the project to improved pricing outcomes. USD$600/t (FOB)
Slide 23: Pilgangoora Project Resource and Reserve Tables
Pilgangoora Project Resource and Reserve Tables For personal use only Pilgangoora Resource Category Tonnage (Mt) Ta2O5 (ppm) Li2O (%) Ta2O5 (T) Ta2O5 (Mlbs) Li2O (T) Table Ta2O5 17.9 182 3,255 7.2 Indicated Li2O 35.7 1.31 469,400 Ta2O5 24.3 205 4,995 11.02 Inferred Li2O 44.5 1.21 538,600 Ta2O5 42.39
Slide 24: Disclaimer and Competent Person's Statement
Disclaimer and Competent Person’s Statement For personal use only Disclaimer ► This presentation may contain some references to forecasts, estimates, assumptions and other forward-looking statements. Although the company believes that its expectations, estimates and forecast outcomes are based on re
Slide 25: Pilgangoora Lithium-Tantalite Project
For personal use only Pilgangoora Lithium-Tantalite Project Developing a globally significant new Australian lithium project March 2016