Mrg Metals Limited · ASX:MRQ
Mrg Metals — The Junior Indaba Conference, Johannesburg 2022
21 slides from Mrg Metals's conference presentation, Jun 3, 2022
Slide 1: ASX Announcement: Presentation at Junior Indaba Conference
For personal use only ASX ANNOUNCEMENT 3 June 2022 Presentation by MRG’s Chairman at The Junior Indaba Conference, Johannesburg, for Explorers, Developers & Investors in Junior Mining MRG Metal Ltd (ASX:MRQ) wishes to advise that its Chairman, Andrew Van Der Zwan presented overnight at The Junior In
Slide 2: MRG Metals – A Significant HMS Player
For personal use only DISCOVERY TO DEVELOPMENT MRG METALS – A SIGNIFICANT HMS PLAYER I N V E S TO R P R E S E N TAT I O N // June 2022 // ASX: MRQ
Slide 3: Disclaimer
DISCLAIMER For personal use only The information contained in this presentation has been prepared by MRG Metals Ltd (MRG). This presentation is for information only and not an offer, invitation, solicitation or other recommendation with respect to the subscription for, purchase or sale of any securi
Slide 4: What are Heavy Minerals Sands (HMS)?
W H AT A R E H E AV Y M I N E R A L S A N D S ( H M S ) ? For personal use only ▪ HMS deposits are found in shoreline environments – mostly exploited for titanium minerals and zircon ▪ The Valuable Heavy minerals fall into two categories: Titanium minerals (ilmenite, leucoxene and rutile) and Zircon
Slide 5: Heavy Minerals Sands Uses
H E AV Y M I N E R A L S A N D S U S E S For personal use only ▪ Titanium is used as TiO2 pigment in paint, welding electrode fluxes, alloying agent with Al, Fe, Mo and Mn ▪ The alloys are used in aerospace and aircraft applications including engines, where strong, lightweight, temperature- resistan
Slide 6: Heavy Minerals Sands – Market Upside
H E AV Y M I N E R A L S A N D S – M A R K E T U P S I D E For personal use only MRG MOZAMBIQUE ASSETS ▪ Outlook is improving - market has bottomed and is on the rise RUTILE ZIRCON ILMENITE US$ US$ ▪ US$ 400+/T Titanium Oxide and Titanium metal demand increasing 1200+/T 1500+/T ▪ Titanomagnetite has
Slide 7: Who is MRG Metals?
W H O I S M R G M E TA L S ? MRG Metals is a junior ASX explorer, with a world class JORC classified HMS discovery in the bag - now working on Scoping Study and For personal use only Preliminary Economic Analysis …. towards production. ▪ 6 high calibre 100 % owned HMS projects (746km2) and 1 further
Slide 8: Corridor Ilmenite Resource Evolution
CORRIDOR ILMENITE RESOURCE EVOLUTION For personal use only 8.0% Tronox (Namakwa) 40.1% Ilmenite 7.0% Dinsheng (Corridor 1) 53.0% Ilmenite 6.0% Early Mine MRG (Corridor C&S) Life Potential ~40% Ilmenite Heavy Mineral Percentage ~43% Ilmenite 5.0% Base (Kwale) 4.0% 51.0% Ilmenite Rio (Mutamba) 62.0% I
Slide 9: Value Proposition of Corridor Central and Corridor South Sands
V A L U E P R O P O S I T I O N O F C O R R I D O R C E N TA L AND CORRIDOR SOUTH SANDS TOTAL HEAVY MINERAL (THM) VHM ASSEMBLAGE For personal use only BREAKDOWN VHM CONCENTRATE MINERAL DESCRIPTION PRICE (%) (US$/t) Naturally occurring very high-grade titanium dioxide 1-2 Rutile +$1,200 feedstock, ty
Slide 10: Schematic Cross Section – Koko Massava
S C H E M AT I C C R O S S S E C T I O N – K O K O M A S S AVA HIGH GRADE For personal use only We utilised Leapfrog modelling of assay and visually estimated grade from previous MRE plus recent infill drilling shows: ▪ It validated what we have now confirmed in the MRE’s ▪ This is a good example of
Slide 11: Koko Massava Updated MRE
KOKO MASSAVA UPDATED MRE KOKO MASSAVA UPDATED GLOBAL MRE Refer ASX Announcement: 16 December 2021 For personal use only SUMMARY OF MINERAL RESOURCE(1) THM ASSEMBLAGE (2) MINERAL IN-SITU MATERIAL BD THM SLIMES OS ILM RUT ZIR TIMAG HEMA CHROM MOTH ANDA NMOTH RESOURCE THM (Mt) (gcm3) (%) (%) (%) (%) (%
Slide 12: Nhacutse and Poiombo Updated MREs
N H A C U T S E A N D P O I O M B O U P DAT E D M R E s Global Mineral Resources Estimation 4% COG For personal use only SUMMARY OF MINERAL RESOURCES(1) MINERAL MATERI IN-SITU BD SLIM TIM THM OS ILM RUT ZIR CHRM MOTH ANDA NMOT DEPOSIT RESOURCE AL THM (gcm ES AG NHACUTSE + POIOMBO GLOBAL MRE (%) (%)
Slide 13: Scoping Study Parameters
S C O P I N G S T U D Y PA R A M E T E R S ▪ Most likely scenario focused on optimising Ilmenite recovery and TiO2 quality ▪ Base scenario looking at approx. 20 MT/Annum For personal use only ▪ Anticipate multiple early mine life pits of high grade sands in excess of 6% THM, with no strip (process a
Slide 14: Corridor Projects Potential Infrastructure Boost
CORRIDOR PROJECTS POTENTIAL INFRASTRUCTURE BOOST Proposed Multibillion-dollar Chongoene Development For personal use only Corridor Project (CDC) – deep water seaport with proposed mineral processing zone (ASX Announcement 6 August 2020) ▪ Phase 1 of the CDC Development expected to commence in 2023 a
Slide 15: Ongoing Work Programs: Corridor Central & South Progress
ONGOING WORK PROGRAMS CORRIDOR CENTRAL & SOUTH PROGRESS – NEXT STEPS For personal use only Koko Massava Bulk Sample ▪ To be completed in June Metallurgical Study ▪ Based on MRE’s and pit optimisation from Koko Massava, Scoping Study / PEA Nhacutse and Poiombo deposits Preliminary Economic Assessment
Slide 16: Ongoing Work Programs: Other Projects Progress
ONGOING WORK PROGRAMS For personal use only OTHER PROJECTS PROGRESS ▪ Drilling completed, samples prepped and sent to Marao Targets Aircore Drilling mineralogy (VHM) and assay (THM) laboratories ▪ New project - ELA’s recently submitted. ▪ Project generated from a historical exploration report REE (R
Slide 17: Marao – High Priority Targets Recently Drilled
MARAO – 3 high priority tar gets recently drilled For personal use only Mandende Target Maduacua Target Magonde Target 16 Aircore drilling completed – assay results awaited
Slide 18: New Rare Earth ELAs – More Reasons to Invest
N E W R A R E E A R T H E L A’ S – M O R E R E A S O N S TO I N V E S T Maps showing MRG’s Rare Earth Element and Uranium ELA’s plotted on (left) airborne radiometric spectrometer data from regional national airborne geophysical survey. (red = Thorium); and (right) the regional geology map. For pers
Slide 19: The Opportunity to Invest
THE OPPORTUNITY TO INVEST ▪ Over 2 Billion Tonnes of JORC resource + JORC Exploration Target at preliminary economic grades already confirmed For personal use only ▪ Scoping study and Preliminary Economic Analysis completion within next 2 months. ▪ Continuing exploration and analysis to identify mul
Slide 20: Corporate Snapshot
C O R P O R AT E S N A P S H O T For personal use only FINANCIALS BOARD AND MANAGEMENT Share price @ 30/05/22 0.008c Andrew Van Der Zwan // Executive Chairman // BA Chemical Engineering (Honours) Shares on Issue 1.75 billion Andrew has over 30 years commercial and engineering experience. He is Non-E
Slide 21: Contacts
For personal use only C O N TA C T S MRG Metals Andrew Van Der Zwan Chairman +61 (0) 400 982 987 andrew@mrgmetals.com.au Investor Relations Victoria Humphries NWR Communications +61 (0) 431 151 676 victoria@nwrcommunications.com.au w w w. m r g m e t a l s . c o m . a u
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