Genmin Ltd. · ASX:GEN
Genmin — Investor Presentation (November 2022)
17 slides from Genmin's investor presentation, Nov 29, 2022
Slide 1: ASX Announcement: Corporate Presentation
ASX Announcement For personal use only 29 November 2022 Corporate Presentation Highlights African iron ore explorer and developer, Genmin Limited (Genmin or the Company) (ASX: GEN), is pleased to provide its November 2022 Corporate Presentation (Presentation). The Presentation forms part of roadshow
Slide 2: Pioneering iron ore mining in Gabon
Pioneering For personal use only iron ore mining in Gabon. November 2022
Slide 3: Important Notice
Important Notice For personal use only This presentation is provided by Genmin Limited ACN 141 425 292 (Genmin or the Company). Statements in this presentation are made only as at the date of this presentation and the information in this presentation remains subject to change without notice. The inf
Slide 4: Emerging iron ore producer
Emerging iron ore producer For personal use only • PFS greenlights initial 5Mtpa operation, production targeted for mid-2024 • Fast track, long lead scopes commenced • Hematite Lump, Fines & Pellet Feed products (62-65% Fe) • Greener, higher value iron ore with lower carbon intensity • Engagement wi
Slide 5: Gabon, Tier 1 African investment jurisdiction
Gabon, Tier 1 African investment jurisdiction For personal use only • Politically & economically stable • GDP (2021) US$18.3B • New member of Commonwealth & signatory to Extractive Industries Transparency Initiative • Dedicated Ministry of Mines • Attractive Mining Code: • 30% base corporate tax rat
Slide 6: ESG, part of our identity
ESG, part of our identity For personal use only • Respect for people, culture, diversity & environment • Transparent Digbee ESG reporting • Clean, renewable hydroelectricity reducing carbon emissions in iron making • No tailings dam, efficient use of electricity, and forestry & water resources • Glo
Slide 7: Province scale iron ore hub
Province scale iron ore hub For personal use only • 2 projects, 4 exploration licences • 2,500km2 landholding • 121km mineralised strike • 13% of known mineralisation drill tested • 760Mt JORC Mineral Resource estimate1 • 101Mt JORC Ore Reserve estimate1 • Energy, rail, port & airport infrastructure
Slide 8: Steep growth trajectory
Steep growth For personal use only trajectory • >80% of Baniaka remains undrilled • Near term Ore Reserve upside through resource conversion • Magnetite opportunity, Exploration Target of 1.8 to 3.3B tonnes at 31-39% Fe* • Resource drilling underway at Bakoumba *The potential quantity and grade give
Slide 9: Leveraging existing infrastructure
Leveraging existing infrastructure For personal use only Commercial offer from Owendo Mineral Port for rail & port services: ✓ Mine product stockpile to Cape vessels ✓ Includes rolling stock & marine operations • Signed MoU for clean, renewable energy from Grand Poubara: ✓ 30MW Stage 1 power reserve
Slide 10: Baniaka PFS
For personal use only • Starter 5Mtpa project delivers (after tax): NPV(8) US$391M (AU$601M1) Baniaka 38% IRR for initial 10-year mine life Payback period 2.7 years • Scalable: initial 5Mtpa, planning for 10Mtpa, aspirations for 20Mtpa . • ESG focus: PFS clean, renewable hydroelectricity no tailings
Slide 11: PFS Dashboard
PFS Dashboard Capex Opex Cost Area US$M Cost Area US$ per dmt personal use only Accommodation village & processing facility Mining (in pit) & ex-pit material movements 12.20 12.0 site preparation Processing 4.15 Processing facility 82.0 G&A Costs 1.30 Non-process infrastructure 21.7 Mine Gate Sub-To
Slide 12: Price Leverage
Price Leverage For personal use only Post Tax NPV (US$M) WACC Price per IRR dmt1 % 8% 10% 12% US$100 446 388 338 48% US$110 671 589 519 63% US$120 895 790 700 77% 1 Assumes flat iron ore price over life of mine 10
Slide 13: Value Initiatives – reduce opex
Value Initiatives – reduce opex For personal use only 11
Slide 14: Project delivery
Project delivery For personal use only • Fast track, immediate focus: • Mining Permit Timeline • Pre-development activities • Financing • Anglo American - finalise due diligence & terms • Sign power, rail & port contracts • Implement value/pricing initiatives • Planning for scale uplift to 10Mtpa 12
Slide 15: Capital Structure & Analyst Coverage
Capital Structure & Analyst Coverage For personal use only Shareholders (November 2022) ASX: GEN Tembo Capital Item Unit No. 30% Cranport Share price1 AU$ 0.23 Giuseppe Ariti Shares on issue3 M 410.6 60% Other Shareholders 5% Options on issue M 6.8 5% Performance rights M 10.0 Fully diluted capital
Slide 16: Our values
Our values For personal use only Pioneering Equitable Transparent New solutions are required to Our partnerships and We work with honesty and build a future that empowers processes are driven by a integrity. The way we treat stakeholders, respects the passion for equity, and we our partners, stakeho
Slide 17: Thank you.
For personal use only Thank you. Office Contact us London House, Suite 3, Level 8 +61 8 9200 5812 216 St Georges Terrace, Perth WA 6000 admin@genmingroup.com