Image Resources Nl · ASX:IMA
Image Resources Nl — Investor Presentation (June 2021)
24 slides from Image Resources Nl's investor presentation, Jul 2, 2021
Slide 1: Established, Profitable Australian Mining Company
Established, Profitable Australian Mining Company For personal use only Investor Presentation June 2021 Patrick Mutz Managing Director Image Resources NL ASX: IMA 1
Slide 2: High Level Summary
High Level Summary ASX Code IMA For personal use only Share Price A$0.17 (21 June 2021) Market Cap A$168 million Cash on hand A$51 million (31 March 2021) Debt A$0 (effective Feb 2021) Dividend (inaugural) A0.02/share (paid April 2021) Revenue Net Profit After Tax CY2019 A$146m A$20.8m Revenue Net P
Slide 3: What does Image mine?
What does Image mine? For personal use only Ø Image Resources is one of Australia’s newest mining companies Ø Project construction 2018 (on-time and on-budget) Ø 1st production Dec 2018 Ø Products mined and sold are Zircon and Titanium Dioxide • Zircon sales represents 80% of total revenue and appro
Slide 4: So why has Image been so successful?
So why has Image been so successful? For personal use only Ø Location – mine located only 1 hour north of capital city of Perth in Western Australia Ø High Grade – One of the highest grade projects of its kind in Australia Zircon Grade TiO2 Minerals Grade 2.4% >5% • Typical grades might be 0.3-0.4%
Slide 5: So why has Image been so successful? (continued)
So why has Image been so successful? (continued) For personal use only Ø Simple Business Model • Shallow open cut mining (contracted) • Simple gravity separation • Simple concentrate product sold in bulk shipments Ø 100% of production committed under life-of-mine off-take agreements at market pricin
Slide 6: What are Image's growth plans?
What are Image’s growth plans? For personal use only Ø Image has 12 zircon/titanium projects in its 100%-owed portfolio • All projects are located in Western Australia within an area of 1,000 square kilometres • All have identified Mineral Resources under the JORC Code and two have Ore Reserves • On
Slide 7: Growth Strategy
Growth Strategy Growth strategy; 4 components For personal use only Ø 1 of 4: Continue to use existing capital equipment to operate profitably Ø Operations at Boonanarring will continue on existing Ore Reserves while the Atlas project is being developed Ø Following depletion of Ore Reserves at Boona
Slide 8: Market Guidance
Market Guidance For personal use only 2020 2020 2021 Item Units Actual Guidance Guidance HMC Production kt 306 300-330 290-320 HMC Sales kt 311 300-330 300-320 Project Operating Costs A$m 90 100-110 90-100 C1 Cash Costs A$/t HMC sold 292 290-320 290-320 AISC Cash Costs A$/t HMC sold 337 340-370 340-
Slide 9: Growth Strategy (continued)
Growth Strategy (continued) For personal use only Growth strategy; 4 components Ø 2 of 4: Look to develop a second mining centre to operate in parallel with existing operations Ø Front-running project is 100%-owned Bidaminna project • 102 million tonnes Mineral Resources at 2.2% HM (Refer note 1) •
Slide 10: Growth Strategy (continued)
Growth Strategy (continued) For personal use only Growth strategy; 4 components Ø 3 of 4: Investigate opportunities to invest in zircon/titanium projects outside of the current portfolio that are development ready and have substantial mine life • Potential to partially self-fund investments • Access
Slide 11: Growth Strategy (continued)
Growth Strategy (continued) For personal use only Growth strategy; 4 components Ø 4 of 4: Investigate the potential for a profitable gold production centre on Image’s 100%-owned gold-focused tenements and adjoining current Farmin tenement • Farmin tenement has historic gold mineralisation and is sur
Slide 12: Image Resources – Beyond Operations
Image Resources – Beyond Operations Social Licence and Sustainability For personal use only Ø Image looks forward to growing into a sustainable, mid-tier mining company Ø Areas of specific focus beyond day to day mining and processing operations include: • Health, safety and well being of employees,
Slide 13: Community Engagement Program
Community Engagement Program Ø Image is proud of its active and For personal use only varied community support and engagement program including significant local employment. Ø At 30 Sep 2020 53% of the site workforce lives locally to the operation or within regional shires. Ø Image Grand Opening was
Slide 14: Image Resources – Beyond Operations
Image Resources – Beyond Operations Social Licence and Sustainability For personal use only Ø Image looks forward to growing into a sustainable, mid-tier mining company Ø Areas of specific focus beyond day to day mining and processing operations include: • Health, safety and well being of employees,
Slide 15: Community Engagement Program
Community Engagement Program Ø Image is proud of its active and For personal use only varied community support and engagement program including significant local employment. Ø At 30 Sep 2020 53% of the site workforce lives locally to the operation or within regional shires. Ø Image Grand Opening was
Slide 16: Solar Farm at Boonanarring
Solar Farm at Boonanarring For personal use only Sunrise Energy Group Pty Ltd constructing 2.3 MWAC solar farm Ø Construction and operation by Sunrise Energy; Ø Located on Image owned land adjacent to Boonanarring processing plant Ø Recently commissioned and now providing up to 25% of electricity re
Slide 17: Solar Farm at Boonanarring
Solar Farm at Boonanarring For personal use only Boonanarring WCP Brand Highway 4
Slide 18: Rehabilitation Snapshot: Before Mining – April 2018
Rehabilitation Snapshot: Before Mining – April 2018 For personal use only 5
Slide 19: Rehabilitation Snapshot: During Mining – June 2019
Rehabilitation Snapshot: During Mining – June 2019 For personal use only 6
Slide 20: Rehabilitation Snapshot: Backfilled – December 2019
Rehabilitation Snapshot: Backfilled – December 2019 For personal use only 7
Slide 21: Rehabilitation Snapshot: hectares re-vegetated – August 2020
Rehabilitation Snapshot: 13 hectares re-vegetated – August 2020 For personal use only 8
Slide 22: Carbon Sequestration Research
Carbon Sequestration Research For personal use only Australian Carbon Farming Initiative Ø As part of its focus to reduce its carbon footprint, Image is investigating cooperative work with local landowners near its mining operation under the Australian Carbon Farming Initiative Ø The goal is to supp
Slide 23: Why invest in Image Resources?
Why invest in Image Resources? Summary For personal use only Ø Proven profitable mining operator Ø Inaugural dividend paid in 2021; goal to continue annually Ø Multiple 100%-owned projects in portfolio for future production Ø Growth strategy includes: Ø Continue with current operations and look to g
Slide 24: For further information
For further information For personal use only Image Resources NL info@imageres.com.au Office: +61 8 9485 2410 Ground Floor, 23 Ventnor Avenue West Perth, WA 6005 PO Box 469, West Perth, WA 6872 www.imageres.com.au 11
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