Pivotal Metals Limited · ASX:PVT
Pivotal Metals — Investor Presentation (June 2019)
25 slides from Pivotal Metals's investor presentation, Jun 3, 2019
Slide 1: Santa Comba Tungsten-Tin Project - Investor Presentation June 2019
Rafaella Resources Limited (ASX:RFR) Santa Comba Tungsten-Tin Project - Galicia, Northwest Spain Investor Presentation - June 2019
Slide 2: Junior exploration company expanding to tungsten & tin development
Rafaella Resources Limited (ASX:RFR) Junior gold, copper and cobalt exploration company expanding to tungsten & tin development • Rafaella Resources Limited (ASX:RFR) ("Rafaella Resources” “RFR” or "the Company") is a junior exploration company which owns the McCleery cobalt and copper project in th
Slide 3: Corporate Summary
Rafaella Resources Limited (ASX:RFR) Corporate Summary Pre-Acquisition Rafaella Resources: Top Shareholders ASX Ticker RFR Anglo Australasia Holdings Pty Ltd 7.43% <Anglo Australasia A/C> Share Price (29/05/19) A$0.12 Anglo Menda Pty Ltd 7.22% Cash (31/03/19) A$3.66m JP Morgan Nominees Australia Pty
Slide 4: The proposed deal is a transformative one for Rafaella Resources
“The proposed deal is a transformative one for Rafaella Resources. I believe the Santa Comba Tungsten-Tin Project represents an attractive tungsten opportunity with low entry costs and the prospect of exceptional returns for shareholders.” Executive Director, Ashley Hood Rafaella Resources Limited (
Slide 5: Transformational Deal With Galicia Tin & Tungsten S.L. (GTT)
Rafaella Resources Limited (ASX:RFR) Transformational Deal With Galicia Tin & Tungsten S.L. (GTT) • Rafaella Resources has entered a Heads of Agreement (HoA) to acquire Galicia Tin & Tungsten S.L. (GTT), which owns the Santa Comba project (Project) in northwestern Spain1 • Located in a productive tu
Slide 6: RFR & GTT Transaction Highlights
RFR & GTT Transaction Highlights Funded to Production • The proposed transaction involves issuing 17.5 million RFR shares to the Vendors at a deemed price of 20 cents per share. An additional 30 million shares will be awarded over two equal tranches, subject to critical value accretive project miles
Slide 7: RFR & GTT Transaction Highlights
RFR & GTT Transaction Highlights Strengths of Santa Comba Tungsten-Tin Project OP & UG mine Substantial sunk Simple Access to capital in options infrastructure processing ports Granted Mining Significant Offer for offtake Commodity Concession exploration and debt funding tailwinds upside Galicia Tin
Slide 8: Proposed Board Post-Transaction
RFR & GTT Transaction Highlights Proposed Board Post-Transaction Peter Hatfull, Chairman Mr Hatfull has over 30 years’ experience in a range of senior executive positions with Australian and International companies. He has an extensive skill-set in the areas of business optimisation, capital raising
Slide 9: Tungsten Market & Pricing
Tungsten Market & Pricing Tungsten has many commercial, industrial and military applications • Annual global production is around 90,000t WO3. China currently supplies ~80% of global tungsten concentrate and intermediate products (e.g. APT) and consumes ~55% • Tungsten (APT) pricing increased to ove
Slide 10: Tungsten Market & Pricing
Tungsten Market & Pricing Tungsten has many commercial, industrial and military applications • Non-Chinese supply is limited and security of supply strategically important to developed and developing economies. Several juniors have now signed offtake agreements with European end users • China has st
Slide 11: Spain Is A Global Mining Destination
Spain Is A Global Mining Destination The country encourages mining exploration & investment • No royalties on minerals – Santa Comba Tungsten- Barruecopardo specifically designed to Tin Project encourage mining and exploration investment • Multiple mines and expansions approved in Spain – in the las
Slide 12: Santa Comba Tungsten-Tin Project
Santa Comba Tungsten-Tin Project Tungsten was discovered at Santa Comba as far back as 1940 • Project is 60km from La Coruña in the region of Galicia, Spain • 36km2 of active mining concessions • Nearest sizeable population ~7km away (Santa Comba township) • Main prospect surrounded by non-arable la
Slide 13: Historic Underground Project History
Santa Comba Tungsten-Tin Project Historic Underground Project History • Large-scale mechanised underground mining commenced at Mina Carmen in 1980 by French company COPAREX with 150-250ktpa ore mined and processed • 66% WO3 concentrate produced with no deleterious elements; recovery of ca. 70%1 • La
Slide 14: On-Site Infrastructure
Santa Comba Tungsten-Tin Project On-Site Infrastructure ROM pad, crusher and conveyors Screens and conveyors Crusher (left) and wet processing modules (right) Ware house, workshop and wet/dry mess Rafaella Resources Limited (ASX:RFR): Investor Presentation | June 2019 14
Slide 15: JORC (2012) Mineral Resource Estimates
Santa Comba Tungsten-Tin Project JORC (2012) Mineral Resource Estimates • Near-surface JORC (2012) Inferred Mineral Resource Estimates after scout drilling program. Disseminated W mineralisation within endogranite potentially suitable for Open Pit Mining: 5.1Mt @ 0.203% WO3 & 0.014% Sn (0.05% WO3 cu
Slide 16: Resource Upside Potential
Santa Comba Tungsten-Tin Project Resource Upside Potential • Extensive historical workings throughout the massif; no modern exploration methods applied; Prior to GTT’s 2016 drill program, no drilling since 1980’s. • Vein-hosted and near-surface disseminated/veinlet mineralisation observed throughout
Slide 17: Permitting
Santa Comba Tungsten-Tin Project Permitting • Galicia has a strong tradition in mining and its administration is supportive: “Supporting Mining of Galicia” initiative to promote mining and inform all stakeholders • Local Santa Comba council is supportive of the project and mining industry for employ
Slide 18: Development Strategy
Santa Comba Tungsten-Tin Project Development Strategy • Near-surface and underground resources offer optionality and scalability in planned feasibility studies • Project is fully permitted for underground mining and partial open pit mining • Development plan is to target low hanging fruit → near-sur
Slide 19: Feasibility Studies - Mineral Resource Expansion
Feasibility Studies Mineral Resource Expansion • Infill and extensional drilling planned to deliver a larger open pit JORC 2012 Mineral Resource Estimate • 58 drillholes (8,035m): 36 extension (4,775m) and 22 infill (3,260m) • A$1.3m budgeted for 4 month drilling programme1 • Assay results and targe
Slide 20: Feasibility Studies - Processing
Feasibility Studies Processing • Process design for vein-hosted wolframite well understood: ~70% historic recoveries • Feasibility metallurgical testwork program planned on bulk samples from quarry • Feasibility will identify the optimal pre- concentration method (possible X-ray/optical ore sorting;
Slide 21: Infrastructure
Santa Comba Tungsten-Tin Project Infrastructure • Underground access ramp still in excellent condition • Previous owners commenced the installation of a processing plant in 2012 Crushing capacity of ~680ktpa installed Screens and conveyor belts Dense media separator (300tph) Warehouse, workshop,
Slide 22: Corporate Strategy
Rafaella Resources Limited (ASX:RFR) Corporate Strategy • RFR Funding will allow the Project to Undertake: • Resource drilling (3,260m): convert the Inferred MRE to Measured and Indicated • Extensional drilling (4,775m): targeting known lodes along strike and at depth with the goal of significantly
Slide 23: Investment Rationale
Rafaella Resources Limited (ASX:RFR) Investment Rationale Near Term Production Target • Fully permitted for underground and partial open pit mining • Existing underground access ramp; plant 70% completed Inferred Mineral Resource Estimate recently defined • Near-surface JORC (2012) Inferred MRE = 5.
Slide 24: Rafaella Resources Limited - Contact
Rafaella Resources Limited (ASX:RFR) Santa Comba Tungsten-Tin Project - Galicia, Northwest Spain Investor Presentation - June 2019 Rafaella Resources Rafaella Resources Limited Ashley Hood, Executive Technical Director ABN 49 623 130 987 Ph: +61 427 268 999 Level 11, 2016 St Georges Terrace, E: ashl
Slide 25: Important Legal Information
Rafaella Resources Limited (ASX:RFR) Important Legal Information The release, publication or distribution of this presentation in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this presentation is released, published or distributed should infor