Heavy Minerals Ltd · ASX:HVY
Heavy Minerals — Investor Presentation (May 2022)
20 slides from Heavy Minerals's investor presentation, May 31, 2022
Slide 1: Focused on Industrial Minerals
FOCUSED ON Industrial Minerals JUNE 2 0 2 2 | A S X : H V Y
Slide 2: Important Notice
Important Notice This presentation has been prepared by Heavy Minerals Limited and its related entities (the “Company”). It does not purport to contain all the information that a prospective investor may require in connection with any potential investment in the Company. You should not treat the con
Slide 3: Presentation Outline
Presentation Outline • Investment Highlights • Capital Structure • Board of Directors • Project Overview • Industrial Garnet • Garnet Market • Garnet to 2030 • Port Gregory Garnet Project & Timeline • Port Gregory JORC Mineral Resource • High Grade Drilling Results • Red Hill Discovery • Market Outl
Slide 4: Emerging Industrial Minerals Explorer with Projects adjacent to world class deposits
Investment Highlights Heavy Minerals Limited (HVY) is an Emerging Industrial Minerals Explorer with Projects adjacent to world class deposits in pro-mining jurisdictions • Western Australia – Port Gregory Project: JORC Mineral Resource 135 MT @ 4.0% THM containing 4.9 Mt Contained Garnet Titanium In
Slide 5: Capital Structure
Capital Structure1 Directors 19.6% ASX CODE SHARES ON ISSUE2 MARKET CAP2 Retail HVY 51.3M $11.03M 34.5% CASH2 DEBT2 EV2 Remaining Top 20 $2.95M nil $8.08M 45.9% Position Holder Name % IC 1 J P MORGAN NOMINEES AUSTRALIA PTY LIMITED 3,725,000 6.91% 2 CHRISTOPHER ADAM SCHOFIELD 3,604,283 6.69% 3 VALENS
Slide 6: Board of Directors
Board of Directors Adam Schofield Maurice (Nic) Matich GLENN SIMPSON GREG JONES Non-Executive Chairman Executive Director and CEO Non-Executive Director Non-Executive Director Mr. Schofield is a mining company Mechanical engineer and finance Mr. Simpson has been a Chartered Over 25 years’ experience
Slide 7: Port Gregory Project 135 MT @ 4.0% THM
Port Gregory Project 135 MT @ 4.0% THM1 4.9 Mt contained garnet 1HVY.ASX announcement 2nd May 2022 7
Slide 8: Project Overview
Project Overview Port Gregory Garnet Project Two projects with the potential to grow into globally significant mineral sands (100 km North of Geraldton, Western Australia) resources. Both Projects adjacent to Tier 1 Assets (GMA, RDG & Rio Tinto). • 4.9 Mt contained Garnet (~5 years of Global demand)
Slide 9: Industrial Garnet
Industrial Garnet 1,100,000 Tonne Worldwide consumption in 20211 Garnet Production by Region1 USA 10% South Africa 13% India 12% Australia (GMA) ALLUVIAL ALMANDINE GARNET UNIQUE QUALITIES 32% Superior hardness (7.5 Mohs hardness3) = High productivity (lower abrasive consumption) China = Low dust (OH
Slide 10: Garnet Market
Garnet Market Refined (sized) garnet commands a premium of up to 100% on unrefined Major Markets products (US$300-US$500+ per tonne)3. To be explored in Scoping Study USA, EU, Asia and Middle East 8.7% CAGR in pricing 2016-20214 US$ per tonne (unrefined)2 $350 Water Jet cutting drives current demand
Slide 11: Garnet to 2030
Garnet to 2030 HVY’S unique opportunity is the Global average (nominal) Garnet price (unrefined)1 significant and widening supply deficit Current price (USA3) forecast from 2022 onwards2 540 kt deficit in 2030 without new sources of supply TZMI 2021 long-term forecast price of US$210 per tonne (inde
Slide 12: Port Gregory Garnet Project
Port Gregory Garnet Project Largest tenure JORC RESOURCE Adjacent to world's largest holder (226 km2) 4.9 Mt contained garnet garnet mine (GMA) in the region “Red Hill” discovery and the Lucky Bay garnet targeting garnet mine (RDG.ASX) Proposed Timeline (Port Gregory) 2022 Jun Jul Aug Sep Oct Nov De
Slide 13: Port Gregory JORC Resource
Port Gregory JORC Resource1 JORC Mineral Resource 135 MT @ 4.0% THM Mineral Resource Estimate for Port Gregory Project as at 2nd May 2022 4.9 Mt contained garnet (96% VHM fraction in THM) Mineralisation open to the North and South with-in HVY’s 100% owned tenure (E70/5160 & E70/5934) Mineralisation
Slide 14: High Grade Drilling Results
High Grade Drilling Results Mineral Resource Categories & Collars Notable intersections from maiden drilling campaign1 Hole ID GRADE (THM) Interval (m) From (m) PGAC0067 11.3% 23 12 PGAC0025A 17.9% 13 0 Western Intercepts PGAC0089 12.9% 14 0 PGAC0088 13.3% 12 0 PGAC0026A 39.5% 3 0 PGAC0154 5.7% 27 1
Slide 15: Red Hill Discovery
Red Hill Discovery Red Hill prospect: 37 km south of Port Gregory Project HVY will continue exploration of its tenure for garnet and High grade garnet from surface other industrial minerals Analogous to the Port Gregory Project High Priority Exploration target AC drilling in Q3 2022 Red Hill highlig
Slide 16: Market Outlook – Mineral Sands
Market Outlook – Mineral Sands1 Heavy Mineral Sands Market Dynamics – Rapid uplift in pricing over the last 18 - 24 months Existing producers are seeing an increase in pricing Full suite of valuable heavy minerals (VHM) have on the full suite of valuable heavy minerals (VHM) seen growth over the pre
Slide 17: Market Outlook – Mineral Sands
Market Outlook – Mineral Sands1 Titanium Dioxide Zircon Ilmenite accounts for 90% of Urbanisation is driving the world's consumption of demand for tiled flooring in titanium minerals1. Inhambane Asia mineral assemblage contains 60% ilmenite China accounts for 55% of Global demand² and has Chinese im
Slide 18: Inhambane Mineral Sands Project
Inhambane Mineral Sands Project OWNERSHIP 213.8 km2 of tenure under mining application: Adjacent to HV power, road and the Port of Inhambane. 70% 30% Mining Concession application lodged (25-year tenure), Heavy Minerals Local pending regulatory approvals Partners JORC Inferred Mineral Resource of 90
Slide 19: JORC Mineral Resource
JORC Mineral Resource Inhambane 2022 metallurgy results1 – Highly marketable product suite (No roasting): Primary ilmenite containing 49.8% TiO2 , 0.6% SiO2, 0.4% Al2O3 and <0.1% Cr2O3 Zircon containing 66% Zr02 with < 500ppm U + Th High Titanium product containing > 90% Ti02 1 W E Potential strandl
Slide 20: www.heavyminerals.com
Registered Office: Level 11, London House 216 St Georges Terrace Perth Western Australia 6000 Phone: (08) 9481 0389 Fax: (08) 9463 6103 Email: info@heavyminerals.com www.heavyminerals.com