Blackstone Minerals Ltd · ASX:BSX
Blackstone Minerals — Investor Presentation (March 2021)
23 slides from Blackstone Minerals's investor presentation, Mar 17, 2021
Slide 1: BSX Investor Presentation - Downstream Business Unit
BSX INVESTOR PRESENTATION DOWNSTREAM BUSINESS UNIT March 2021 ASX:BSX www.blackstoneminerals.com.au admin@blackstoneminerals.com.au
Slide 2: Cautionary Statement
The Scoping Study at Ta Khoa, referred to in this announcement, has been undertaken to determine the potential to restart the Ta Khoa Nickel-Cu-PGE project and develop downstream processing This report contains forward-looking statements which are identified by words such as ‘may’, ‘could’, ‘believe
Slide 3: Blackstone's Downstream Business Unit Executive Summary
BLACKSTONE’S DOWNSTREAM BUSINESS UNIT EXECUTIVE SUMMARY FLAGSHIP TA KHOA NICKEL PGE (CU CO) Downstream Business Unit (DBU) - Multiple proposed downstream refineries in which Blackstone intends to form joint venture(s) to produce SULFIDE PROJECT - NORTHERN VIETNAM chemical products for the emerging b
Slide 4: Strategic Vision Business Divisions
STRATEGIC VISION BUSINESS DIVISIONS Blackstone’s intention is to collaborate with Tier 1 partners to unlock the value of its expanded downstream refinery strategy Blackstone – Listed Co 100% 100% Upstream Downstream Downstream Business Partner(s) Business Unit (UBU) Unit (DBU) Future Asset 90% Inves
Slide 5: Downstream Business Unit Milestones
TIMELINE DOWNSTREAM BUSINESS UNIT MILESTONES The immediate priority is to deliver a PFS that considers expanded downstream refinery capacity in Vietnam 02 2021 H1 2021 H2 - 2022 H1 2022 H2 2023 2024 03 DFS & FID, Detailed NCM PFS Pilot Offtake, Engineering Construction Precursor Plant 04 JVs & Desig
Slide 6: Addressing Security of Supply Concerns
SECURITY OF SUPPLY ADDRESSING SECURITY OF SUPPLY CONCERNS By combining the existing mineral inventory, exploration potential and ability to source third party concentrate, Blackstone can increase the scale of its downstream refining business to meet the rising demand for downstream nickel products R
Slide 7: Scalable and Modular: Potential for Multiple JV Partners
SCALABLE AND MODULAR POTENTIAL FOR MULTIPLE JV PARTNERS Ta Khoa Nickel-Cu-PGE Third party concentrate M&A Project Scalable Refinery Blackstone’s strategy to secure supply will lay the foundations to collaborate with Multiple JV Partners multiple JV partners on the downstream business Scalable chemic
Slide 8: Competitive Operating Advantage: Attractive Product Pricing
COMPETITIVE OPERATING ADVANTAGE ATTRACTIVE PRODUCT PRICING The PFS refinery design will enable the production of multiple products, including NCM 811 which attracts a strong premium to metal prices. Illustration of Nickel Product Payability vs Metal Spot Price Blackstone will be able to process and
Slide 9: NCM Precursor Trades at a Significant Premium to Metal Spot Prices
COMPETITIVE OPERATING ADVANTAGE NCM 811 PRECURSOR TRADES AT A SIGNIFICANT PREMIUM TO METAL SPOT PRICES Metal Spot Price (US$/t) Raw material cost of 1 tonne of NCM 811 based on metal spot prices 8 1 1 Nickel 18,073 Ni Co Mn OH Cobalt 54,184 02 US$9,188 US$3,457 US$182 ~51% ~6% ~6% ~37% Manganese 3,0
Slide 10: Competitive Operating Advantage: Vietnam Business Landscape
COMPETITIVE OPERATING ADVANTAGE VIETNAM BUSINESS LANDSCAPE Vietnam is a booming economy that is ideally placed to become a major hub supporting the Lithium-ion battery industry Vietnam has minimized the impact of COVID-19 Vietnam has unparalleled access to renewable energy – economic recovery superi
Slide 11: Abundant Access to Hydropower Drives Lower Operating Costs
COMPETITIVE OPERATING ADVANTAGE ABUNDANT ACCESS TO HYDROPOWER DRIVES LOWER OPERATING COSTS Vietnam has excellent established infrastructure including hydro power, roads, river and port Trade-off studies are being completed to assess the optimal location for downstream refineries, all with excellent
Slide 12: Ta Khoa Project Location and Infrastructure
COMPETITIVE OPERATING ADVANTAGE TA KHOA PROJECT LOCATION AND INFRASTRUCTURE Son La Hydropower Plant Hai Phong Port Existing 450ktpa concentrator Hoa Binh Hydropower Plant Highway 37 - sealed road to Ta Khoa mine www.blackstoneminerals.com.au admin@blackstoneminerals.com.au 12
Slide 13: Vietnam Has Some of the Lowest Labour Costs in the World
COMPETITIVE OPERATING ADVANTAGE VIETNAM HAS SOME OF THE LOWEST LABOUR COSTS IN THE WORLD Low labor costs are a competitive advantage for Blackstone’s DBU and make Vietnam an ideal location for a future EV manufacturing hub Manufacturing labor costs per hour (in US$) 2.99 2.91 Vietnam 2.73 2.55 2.38
Slide 14: Vietnam Has Enviable Track Record of Foreign Direct Investment
COMPETITIVE OPERATING ADVANTAGE VIETNAM HAS ENVIABLE TRACK RECORD OF FOREIGN DIRECT INVESTMENT (FDI) Vietnam has signed a number of trade agreements in recent years to provide clarity and certainty to investors The Vietnamese government is focused on initiatives Foreign Direct Investment (2019) (% o
Slide 15: Green Credentialed Nickel Products
COMPETITIVE OPERATING ADVANTAGE GREEN CREDENTIALED NICKEL PRODUCTS OEMs are demanding Li-ion batteries sourced from green nickel™ supply chains. The industry will be willing to pay a premium for responsibly sourced green nickel™ Carbon intensity (CO2/ t ore mined) Coal / diesel powered mine sites an
Slide 16: Appendices
APPENDICIES Suite 3, Level 3, 24 Outram Street, West Perth, WA, 6005 T: +61 8 9425 5217 | F: +61 8 6500 9982 E: admin@blackstoneminerals.com.au | www.blackstoneminerals.com.au 16
Slide 17: Appendix 1 - Blackstone Board
APPENDIX 1 - BLACKSTONE BOARD BEST IN CLASS LEADERSHIP WITH A PROVEN TRACK RECORD OF CORPORATE SUCESS Scott Hamish Andrew Peter Williamson Halliday Radonjic Plakidis Hoirim Jung Managing Non-Executive Non-Executive Non-Executive Non-Executive Director Chairman Director Director Director More than 20
Slide 18: Appendix 2 - Management Team
APPENDIX 2 - MANAGEMENT TEAM DRIVING THE DEVELOPMENT OF TA KHOA AS A MINE-TO-MARKET NICKEL BUSINESS CFO & Company Chartered Accountant with more than 16 years’ experience in accounting, company secretarial and Jamie Byrde Secretary corporate advisory. Dr Stuart Owen Head of Exploration BSc & PhD in
Slide 19: Appendix 3 - Management Team with International Experience
APPENDIX 3 – MANAGEMENT TEAM WITH INTERNATIONAL EXPERIENCE ACROSS MULTIPLE REGIONS www.blackstoneminerals.com.au admin@blackstoneminerals.com.au 19 22 Page
Slide 20: Appendix 4 - District Scale Nickel Sulfide Opportunity - Ta Khoa Project
APPENDIX 4 - DISTRICT SCALE NICKEL SULFIDE OPPORTUNITY – TA KHOA PROJECT AGGRESSIVE EXPLORATION TARGETING HIGH GRADE MSV & DSS MINE LIFE EXTENSIONS District scale Nickel PGE (Cu Co) green nickel™ sulfide project Prioritising targets within 5km of existing Ban Phuc 450ktpa concentrator Blackstone has
Slide 21: Appendix 4 (Cont'd) District Scale Nickel Sulfide Opportunity
APPENDIX 4 (CONT’D) DISTRICT SCALE NICKEL SULFIDE OPPORTUNITY – TA KHOA PROJECT AGGRESSIVE EXPLORATION TARGETING HIGH GRADE MSV & DSS MINE LIFE EXTENSIONS Ban Phuc (DSS) – Ban Chang (MSV) Maiden Resource King Snake (MSV) Ban Khoa (DSS) 21 www.blackstoneminerals.com.au admin@blackstoneminerals.com.au
Slide 22: Appendix 5 - Corporate Snapshot
APPENDIX 5 - CORPORATE SNAPSHOT BLACKSTONE MINERALS LIMITED 0.60 7.0 ASX Code BSX 6.0 0.50 OTCQX Code BLSTF Shares on Issue 326.8m 5.0 0.40 Last Share Price (16 March 2021) $A0.455 4.0 Market Capitalisation A$149m 0.30 Cash at 31 Dec 20 A$22m 3.0 Options 19m 0.20 2.0 3-month Avg Daily Vol. (shares)
Slide 23: Competent Person Statement
The information in this report that relates to Exploration Results and Exploration Targets is based on information compiled by Mr Andrew Radonjic, a Non-Executive Director and Technical Consultant of the company, who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Andrew Radon
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