Xtract Resources Plc · LSE:XTR
Xtract Resources — Investor Presentation (March 2023)
24 slides from Xtract Resources's investor presentation, March 2023
Slide 1: Corporate Presentation March 2023
CORPORATE PRESENTATION MARCH 2023 WWW.XTRACTRESOURCES.COM 1
Slide 2: Disclaimer
DISCLAIMER The information contained in this document, including any information and opinions contained or discussed in any accompanying oral presentation, question and answer session and any other materials distributed in connection with this document (the ‘Presentation’) has been prepared by or on
Slide 3: Board of Directors
BOARD OF DIRECTORS Colin Bird Executive Chairman Colin Bird is a chartered mining engineer with multi commodity mine management experience in Africa, Spain, Latin America and in the Middle East. He has been the prime mover in a number of public listings in the UK, Canada and South African and is cur
Slide 4: Mission Statement
MISSION STATEMENT - Maximise contribution from Bushranger project for all stakeholders (Australia) - Establish a small-scale sustainable copper mining company in Zambia - Assist partners to maximise earnings from the Manica Fair Bride gold project in Mozambique by finding additional ore and assist i
Slide 5: Xtract Project Summary
XTRACT PROJECT SUMMARY Project Commodity Resource Status Bushranger - Australia Cu – Au - Ag • 599.14Mt @ 0.22% CuEq • Recent increase in tonnes Cu metal by 17% • 1.3Mt Cu metal eq • Updated open pit mining model commissioned • MRE based on two prospects (Racecourse & Ascot) • Conceptual financial m
Slide 6: Bushranger, Australia (Cu – Au)
BUSHRANGER, AUSTRALIA (Cu – Au) 6
Slide 7: Bushranger, Australia (Cu – Au)
BUSHRANGER, AUSTRALIA (Cu – Au) • One of the largest undeveloped porphyry Cu-Au deposits in the Lachlan Fold Belt • 4 exploration licences purchased from Anglo American • Located in central New South Wales, Australia • AA option to buy-back up to 80% and co-fund development pro-rata on the Bushrange
Slide 8: Bushranger, Australia (Cu – Au)
BUSHRANGER, AUSTRALIA (Cu – Au) • Ascot Mineral Resource increases total CuEq Racecourse JORC (2012) Mineral Resource Estimate tonnes by 17% Resource Tonnes Cu Au Ag Cueq Cu Au Ag Cueq (Mt) (%) (g/t) (g/t) (%) (Kt) (Koz) (Koz) (Kt) • Ascot Mineral Resources comes to surface and Indicated 50.15 0.22
Slide 9: Manica, Mozambique (Au)
MANICA, MOZAMBIQUE (Au) Manica Mozambique Au 9
Slide 10: Manica, Mozambique (Au)
MANICA, MOZAMBIQUE (Au) • Mozambique-based alluvial and hard rock low-cost operator • 1.262 Moz SAMREC Au Resources (782koz M&I) • Additional nearby prospects for extended Life of Mine (Guy Fawkes, Boa Esperanza, Dot’s Luck) all have declared resources • Further optimisation is possible and ongoing
Slide 11: Manica, Mozambique (Au)
MANICA, MOZAMBIQUE (Au) • Fair Bride: Principal operation Open pit Mineral Resource @ 0.5g/t Au • 7 years of mine life cut-off and final depth of 280m • Average grade 2.72 g/t mined • Stripping Ratio 7.6:1 Resource Tonnes Au Au • All up break even cost USD 862/oz (Mt) (g/t) (Koz) Measured 9.75 1.86
Slide 12: Small-Scale Mining Operations
SMALL-SCALE MINING OPERATIONS 12
Slide 13: Small-Scale Mining Operations
SMALL-SCALE MINING OPERATIONS ASSET SELECTION OPERATING STRATEGY PROCESSING OPTIONALITY GROWTH POTENTIAL • Asset selection focused • Rapid transition from • Focus on locations • Opportunity to convert on historic producers or acquisition to production proximal to spare small-scale mining defined res
Slide 14: Kakuyu, Zambia (Cu – Co)
KAKUYU, ZAMBIA (Cu – Co) Kakuyu Zambia Cu - Co 14
Slide 15: Kakuyu, Zambia (Cu – Co)
KAKUYU, ZAMBIA (Cu – Co) • West-central Zambia Ore Zone Hanging wall • Small-scale mining licence & exploration licence • High-grade Cu (Co) resource Hanging wall contact • Initial 60% of revenue accrues to Xtract • 70% interest accruing for any additional mineral resources discovered • Xtract refun
Slide 16: Kakuyu, Zambia (Cu – Co)
KAKUYU, ZAMBIA (Cu – Co) • Major new discovery made in December 2022 1.4km Cu anomaly • Significant 1.4km-long and >50m wide Cu in soil anomaly delineated. Coincident with typical local host rock • Further 0.85km-long potential high-grade Cu-Co strike extension (E & W) of existing operating pit bein
Slide 17: Compelling Investment Case
COMPELLING INVESTMENT CASE • Major position in the Lachlan fold area of NSW Australia • 35,000m drilling programme completed and conceptual feasibility study progressed • Objective is to maximise return to shareholders • Fairbride mine fully commissioned and 23% of operating cash flow being returned
Slide 18: Copper and Green Energy Transition
COPPER AND GREEN ENERGY TRANSITION 18
Slide 19: Green Energy Transition
GREEN ENERGY TRANSITION • Cu is essential to ALL energy transition plans • Energy Transition requires electrification on an unprecedented scale • Substitution and recycling will not meet the demands of EV’s, renewable power generation and power storage infrastructure • There is an urgent need to upg
Slide 20: Global Recognition of the Importance of Copper
GLOBAL RECOGNITION OF THE IMPORTANCE OF COPPER World Bank: “A low-carbon future will be very mineral intensive because clean energy technologies need more materials than fossil-fuel-based electricity generation technologies” IMF: “Striving to achieve net zero by 2050 is likely to spur unprecedented
Slide 21: Copper Demand
COPPER DEMAND • Global refined copper demand is projected to double from 25MMt in 2021 to nearly 49MMt in 2035 • Energy transition technologies will account for approximately half of the growth in demand • Cu production worldwide has never produced at the rate required to meet projected demand • Cu
Slide 22: Copper Supply Constraints
COPPER SUPPLY CONSTRAINTS • Rapid deployment globally of Energy Transition technologies will cause a huge surge in copper demand • Assuming aggressive capacity utilization rates and record recycling rates, refined copper demand will outstrip supply up to 2035 • The shortfall in Cu demand is projecte
Slide 23: Refined Copper Usage
REFINED COPPER USAGE • Growth in Cu demand will vary significantly by technology • During the period 2021 to 2035 Cu demand is projected to increase by 82% Sector demand during the same period: 2021 2035 Power and auto Sectors: 2.2MMtpa 9.3MMtpa Transmission/Distribution: 4.7MMtpa 7.5MMtpa Power Gen
Slide 24: Democracy Index 2021
DEMOCRACY INDEX 2021 • Information derived from Economist Intelligence Unit Democracy Index 2021* (“EIU”) annual report on democracy 10 9 8 • The Democracy Index provides a snapshot of the state 7 of democracy worldwide in 165 independent states 6 and two territories 5 4 • This covers almost the ent
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