Lowell Resources Funds Management Ltd · ASX:LRT
Lowell Resources Funds Management — Lowell Resources Fund — NWR Melbourne Resources Lunch May 2024
23 slides from Lowell Resources Funds Management's conference presentation, May 17, 2024
Slide 1: Lowell Resources Fund – NWR Melbourne Resources Lunch May 2024
LOWELL RESOURCES For personal use only FUNDS MANAGEMENT LOWELL RESOURCES FUND NWR MELBOURNE RESOURCES LUNCH MAY 2024 ABN 36 006 769 982 AFSL 345674
Slide 2: Disclaimer
Disclaimer Important Notice • This presentation does not constitute investment advice. Neither this presentation nor the information contained in it constitutes an offer, For personal use only invitation, solicitation or recommendation in relation to the purchase or sale of units or shares in any ju
Slide 3: Fund Summary
Fund Summary Characteristics of the Lowell Resources Fund For personal use only Nature of Fund • Long only, ungeared fund Investee • Small mining & energy companies, predominantly in the exploration phase Companies offering major growth potential Investment • listed and unlisted equities globally Ty
Slide 4: Investment Committee
Investment Committee Members For personal use only John Forwood, Richard Morrow, Stephen Mitchell, Stuart Baker, Investment Chief Investment Officer Committee Member Investment Committee Investment Committee Mr Forwood is a trained Member Member geologist and lawyer, with Mr Baker has a strong local
Slide 5: Fund Summary April 2024
Fund Summary April 2024 LRT 5 year Return Overview Including distributions For personal use only 400 Rebased to 100 Fund size (NAV) A$52.0 m Units on issue 32.5m units 350 Net Asset Value 30/04/24 $1.6034/unit Resources Distribution 31/07/23 $0.07078/unit 300 ASX Unit Price on 30/04/24 $1.375 250 Nu
Slide 6: LICs & LITs year Pre-Tax NTA performance
LICs & LITs 5 year Pre-Tax NTA performance For personal use only 6
Slide 7: Fund Outperformance
Fund Outperformance For personal use only S&P/ASX Small ASX Resources Total Portfolio LRT Change in ASX 200 Index Resources 300 Index Performance to 30 April NAV per unit incl Accumulation Index (Total Return) 2024 distributions1 (Total Return) (XSRAI) 12 months 22.9% -1.5% 2.6% 9.1% 3 years p.a. 2.
Slide 8: Our Strategy: Investing in Exploration
Our Strategy: Investing in Exploration … Capitalising on value accretion: optimal stage For personal use only Drill out / Resource Feasibility & Production Expansion Reserves LRT TARGET Share Price INVESTMENT STAGE Commissioning Financing Discovery Construction Exploration Time ▪ Leverage: milestone
Slide 9: LRF Portfolio by Resource Development Stage
LRF Portfolio by Resource Development Stage LRF Portfolio Value by Project Stage For personal use only 30 April 2024 40% 30% 20% 10% 0% Grass Roots Exploration & Feasibility Pre-development Development Production Cash Resource 9
Slide 10: We Invest in Explorers….because Explorers Make the Discoveries
We Invest in Explorers….because Explorers Make the Discoveries Australian Mineral Discoveries by Company Size For personal use only Source: Minex Consulting 80.0% 70.0% 60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0% Unkown Other Small Major Moderate Junior Producer Company Producer Explorer 2000-2009 2010
Slide 11: ASX Resources Market - Austex
ASX Resources Market - Austex For personal use only 11
Slide 12: ASX Resources: Nano Caps vs Others
ASX Resources: Nano Caps vs Others ASX Resources Market For personal use only Austex Quartile Ranges by Market Cap 24 months to 26 April 2024 3 months to 24 April 2026 100% 75% 68.70% >$66m market cap 50% 25% 13.00% 13.60% 0% <$6m market cap -25% -19.40% -35.80% -50% -75% -73.20% -100% <$AUD$6m AUD
Slide 13: Copper vs ASX Junior Resources
Copper vs ASX Junior Resources 5 8,000.00 For personal use only 4.5 7,000.00 4 6,000.00 3.5 5,000.00 3 $US/lb 2.5 4,000.00 Cu price XSRAI 2 3,000.00 1.5 2,000.00 1 1,000.00 0.5 0 0.00 1994 1999 2005 2010 2016 2021 13
Slide 14: Cu = Sn = Zn
For personal use only Cu = Sn = Zn 14
Slide 15: Cu = Au
For personal use only Cu = Au 15
Slide 16: Oil Market
For personal use only Oil Market 16
Slide 17: Azure Minerals
Azure Minerals For personal use only Azure Minerals LRT Investment $4.50 $4.00 $3.50 $3.00 $2.50 $2.00 $1.50 $1.00 $0.50 $- Jul-21 Jul-22 Jul-23 Jan-21 Jan-22 Jan-23 $(0.50) $(1.00) LRT Trade (A$ mil) AZS Price 17
Slide 18: Southern Cross Gold SXG.ASX
Southern Cross Gold SXG.ASX $3.50 For personal use only $3.00 $2.50 LRT Investments $2.00 $1.50 $1.00 $0.50 $- 05/17/2022 09/26/2022 2/07/2023 06/19/2023 10/27/2023 3/08/2024 18
Slide 19: LRT Commodity Exposure April 2024
LRT COMMODITY EXPOSURE APRIL 2024 LRF COMMODITY EXPOSURE 30 APRIL 2024 For personal use only Bauxite Helium Uranium 0% 1% Mineral Sands 4% Mining Services 2% Fertilisers 0% 1% Cash 9% Nickel 1% Gold & PGM Battery 44% 3% O&G 12% Base Metals Silver REE 21% 2% 0% 19
Slide 20: Portfolio Characteristics April 2024
Portfolio Characteristics 30 April 2024 PORTFOLIO BY GEOGRAPHY OF MAIN PROJECT 30 APRIL For personal use only 2024 Cash, 9% Asia/Pacific, 3% Africa, 15% North America, 17% Europe, 4% INVESTMENT LISTING 30 APRIL 2024 London Cash Unlisted 1% 9% 11% Latin America, 12% North America 14% Australia, 40% A
Slide 21: Top Positions
Top 10 Positions Portfolio LRT Portfolio at 30 November 2023 For personal use only Code Company Commodity Portfolio Weight Cash Cash Cash 8.6% RMS Ramelius Resources Gold 6.5% PDI Predictive Discovery Gold 4.6% SXG Southern Cross Gold Gold 4.2% NEM Newmont Corp Gold 4.0% KAR Karoon Energy O&G 3.7% C
Slide 22: Lowell – a Unique Investment Opportunity
Lowell – a Unique Investment Opportunity For personal use only 01 Fund Focus • One of the few investment funds that offers exposure to the junior 01 02 resources sector across Australia and global stock exchanges in unlisted and listed companies 02 Successful track record for 20 years • Superior per
Slide 23: Contact
Contact For personal use only Investment Responsible Entity Manager LOWELL RESOURCES CREMORNE CAPITAL LIMITED FUNDS MANAGEMENT ACN 006 769 982 ACN 006 844 588 AFSL 345674 AFSL 241175 Address Level 6, 412 Collins Street, Address Melbourne VIC 3000 8 Chapel Street, Tel: (03) 9642 0655 Richmond VIC 312
Lowell Resources Fund — NWR Melbourne Resources Lunch May 2024 on 6ix