Reward Minerals Ltd · ASX:RWD
Reward Minerals — Investor Presentation (October 2023)
23 slides from Reward Minerals's investor presentation, Oct 3, 2023
Slide 1: Lowest Cost SOP Potash Globally
Lowest Cost SOP Potash Globally Lorry Hughes BSc. (Geology) FAusIMM Reward Minerals Ltd CEO ASX Code: RWD
Slide 2: Forward Looking Statements & Disclaimer
FORWARD LOOKING STATEMENTS & DISCLAIMER This document includes forward-looking statements. When used in this document, the words such as “could”, “plan”, “estimate”, “expect”, “intend”, “may”, “potential”, “should”, “seek” and similar expressions are forward-looking statements. Although Reward Miner
Slide 3: Introduction
Introduction Reward Minerals has invented new SOP Potash processing technology that has the potential to disrupt the fertilizer industry by producing low cost, high-purity SOP Potash from seawater. The Company’s strategy is to partner with strategic investors, continue development of its technology
Slide 4: Management Team
Management Team Colin McCavana Dr. Michael Ruane PhD (Chemistry) Rod Della Vedova BSc. (Chemistry) Warren Hinchliffe BSc. (Chemistry) Chairman Executive Director Non-Executive Chief Chemist Director +50 years combined salt & potash experience 4
Slide 5: Corporate Snapshot (ASX: RWD)
Corporate Snapshot (ASX: RWD) Capital Structure Current Ordinary Shares 227.8 M Listed Options 18.2 M ($0.20) Share Price $0.04 Market Cap. $9.1 M Debt $3.3 M Cash $2.0 M Major Shares % Shareholders Dr. Michael Ruane 92.3 M 40.5 W.P. Brooks 12.5 M 5.5 Top 20 141.4 M 62.0 Depressed valuation & tight
Slide 6: Agenda
Agenda SOP Potash Market Australian SOP Potash Failures Reward’s Technology Engineering Scoping Study Results World’s Most ESG Friendly SOP Potential & Next Steps 2/10/2023 6
Slide 7: SOP Potash Market
SOP Potash Market Supply and Demand
Slide 8: SOP Potash Prices
SOP POTASH PRICES SOP Potash pricing is underpinned by ➢ Global transition to sophisticated farming methods ➢ Population growth & global scarcity ➢ Low-chloride fertilizer demand ➢ Increased usage for higher value crops Source: Danakali Limited ASX Release dated 14 October 2021 8
Slide 9: World SOP Potash Production: Operating Costs
WORLD SOP POTASH PRODUCTION Sustainable advantage of brine production 50% of producers are loss making at US$410/t Operating Costs (US$/FOB) Reward ESS Op. Cost Cumulative production (kt) Brine Primary Mannheim + Secondary production production Source: www.so4.com.au website. Slide modified by Rewar
Slide 10: Australian SOP Potash Failures
Australian SOP Potash Failures Key Learnings
Slide 11: Three Expensive Failures in 50 Years
Three Expensive Failures in 50 Years LAKE MACLEOD (TEXADA) LAKE WAY (SO4) KALIUM LAKES (KLL) ➢ 1970’s ➢ 2020 ➢ 2023 ➢ Langbenite Plant failed and ➢ Evaporation control ➢ Plant, brine supply and ponds project transitioned to a Salt inadequate were inadequate only operation (Dampier Salt ➢ Reverse NaC
Slide 12: Reward's Technology
Reward’s Technology Industry Game Changer
Slide 13: The Reward SOP Potash Process
THE REWARD SOP POTASH PROCESS ✓ No mechanical 9 g/l SOP 21 g/l SOP 24 g/l SOP harvesting ✓ No flotation upgrade required Redissolved SOP Rich Brine ✓ Uses conventional fixed plant components Add +50% K Gypsum to Syn. ✓ Significant cost reduction potential +95% K ✓ Applicable for most from Syn. high
Slide 14: A simple and highly effective process
“A simple and highly effective process” PCT Patent application submitted August 20231 1 Refer to www.rewardminerals.com website for a media release dated 11 August 2023. Sample Footer Text 14 14
Slide 15: Engineering Scoping Study Results
Engineering Scoping Study Results Highly Profitable Long-Life Projects
Slide 16: Highly Positive Results
Highly Positive Results Current price ~$1,000/t SOP 5.3% CAGR forecast to 20311 BASIS METRICS • September 20232 - Class 5 Engineering Scoping • 100,000tpa Standard SOP (>52% K2O, Study (+/-40%) completed by Reward with 0.3% Cl, 0.6% Mg, 54% SO4, 18% S, 0.2% processing engineering inputs completed by
Slide 17: Operating Cost Estimate
Operating Cost Estimate 1 Consumption Cost / Annual Specific Unit Rate / ton of year Basis / Comments Usage Units $ Product (million $) High purity Gypsum including freight Gypsum 0.03 3,384 tpa $150.0 $0.51 costs Bore Water 33.1 3,312,000 m3 pa $0.5 $1.66 Bore water pumping costs Process Water 1.4
Slide 18: WA Solar Salt Production
WA Solar Salt Production Lake Macleod Salt Mardie Salt Salt Port (3.1Mtpa) (5.3Mtpa) + SOP (140ktpa) SUBTITLE Dampier Salt • This PowerPoint theme uses Port Hedland Ashburton (4.2Mtpa) its own unique set Salt of colors, Salt (3.5Mtpa) Onslow Salt Eramurra fonts, and effects to create (3.2Mtpa) (2.7M
Slide 19: World's Most ESG Friendly SOP Potash
World’s Most ESG Friendly SOP Potash Displace Energy Intensive High-Cost Production of SOP
Slide 20: Positive ESG Contribution
POSITIVE ESG CONTRIBUTION 1. Replace Mannheim process route for SOP - substantially reducing CO2 emissions. 2. Use a former waste product as feedstock. 3. Build resilient infrastructure, promote sustainable industrialisation, foster innovation. 4. Reduce emissions from fertilizer production. Environ
Slide 21: Next Steps & Potential
Next Steps & Potential Multiple Opportunities to Evaluate
Slide 22: Activities
Activities STRATEGIC TECHNICAL • Engagement with solar salt, fertilizer and • Planning for a Pre-Feasibility Study to seawater desalination companies define capital and operational costs within worldwide to discuss the application of accuracy of +20% to -15%. Reward’s technology within proposed SOP
Slide 23: Thank You
Thank You Lorry Hughes BSc. (Geology) FAusIMM admin@rewardminerals.com https://rewardminerals.com/ 23
Reward Minerals — Investor Presentation (October 2023) on 6ix