Waratah Minerals Limited · ASX:WTM
Waratah Minerals — Battery Minerals — Shareholder Meeting (May 2018)
23 slides from Waratah Minerals's shareholder meeting presentation, May 30, 2018
Slide 1: Fast-tracking Montepuez & Balama Projects
Fast-tracking Montepuez & Balama Projects BATTERY MINERALS LIMITED AGM Presentation 30th May 2018 1
Slide 2: Less than 15 mths to first sales and cashflow
Less than 15 mths to first sales and cashflow 1.Market 2.Company 3.Projects 4.Growth 5.Next Steps 2
Slide 3: CRU - Graphite Demand (2)
CRU - Graphite Demand (2) Figure 8 Graphite demand by source, kt 4500 - 4000 5 3500 + 3000 + 2500 + 2000 + 1500 4 1000 500 + 0 T T T 2017 2018 2019 2020 2021 2022 2023 m Natural graphite m Synthetic graphite
Slide 4: CRU - Graphite Demand (3)
CRU - Graphite Demand (3) Figure 9 Natural graphite end use demand, kt 2500 5 1500 | mw yy = 1000 + jm 500 { 0 r r r r r 1 2017 2018 2019 2020 2021 2022 2023 mRefractory & Foundry @ Carburisation Lubricants @ Friction products Li-ion batteries Graphite shapes m Expanded graphite ™@ Carbon brushes m
Slide 5: NEV sales still growing circa 40-50% YOY
NEV sales still growing circa 40-50% YOY 5
Slide 6: China NEV sales have gone "Ludicrous"
China NEV sales have gone “Ludicrous” 6
Slide 7: NEV sales still growing circa 40-50% YOY
NEV sales still growing circa 40-50% YOY 7
Slide 8: Corporate Overview
Corporate Overview Share Price Jeff Dowling Ben Van Roon Non-Exec Chairman Chief Operating Officer 0.12 160 Millions Daily Volume Traded On- Market 140 0.10 Daily VolumeTraded On-Market David Flanagan Tony Walsh 120 Managing Director Company Secretary & 0.08 Close Price (A$/share) GM Corporate 100 0
Slide 9: Less than 15 mths to first sales and cashflow
Less than 15 mths to first sales and cashflow 1. Value Engineering Study 2. Divested non core assets 3. Debt and equity package currently progressing through CP’s & full financing 4. Construction underway; commissioning in Q1 2019, First shipment Q2 2019 5. Key plant purchased/orders placed; crushin
Slide 10: Montepuez an Exceptional first Project
Montepuez an Exceptional first Project Montepuez Graphite Project 2 VES (First Module) Annual graphite production 45,000 – 50,000pa Capex (pre-production) US$42.3 M Opex (concentrate/t)7 US$337/t Grade processed 12% TGC Plant Type and Scale Modular, ~500ktpa Projected Payback <2 years5 Net Operating
Slide 11: Montepuez Exploration Upside
Montepuez Exploration Upside Elephant deposit, comprised 240 holes for 4,968 metres drilled to refusal using blade RC aircore technique. The results include: ▪ EL028A, 37 metres at 13.49% TGC from surface, ▪ EL058A, 20 metres at 15.61%TGC from 2 metres, ▪ EL078A, 24 metres at 16.07% TGC from surface
Slide 12: Montepuez Exploration Target – Additional Growth
Montepuez Exploration Target – Additional Growth 300-400MT @ 5-10 % TGC1 • 5 VTEM target areas • Only 15-20% of targets have been drilled • VTEM conductors remain largely untested • All deposits remain open at depth and along strike • Potential for 300- 400Mt @ 5-10% TGC1 • Buffalo deposit drilling
Slide 13: Balama Scoping Study Outcomes
Balama Scoping Study Outcomes Balama Graphite Project 2 Scoping Study Annual graphite production 50,000 – 55,000pa Capex (pre-production) US$50 M Opex (concentrate/t)6 US$372/t Grade Processed 10.6% TGC Plant Type and Scale Modular, ~550ktpa Projected Payback <1.5 years5 Net Operating Cash Flow >US$
Slide 14: Next 20 months targets
Next 20 months targets • 3Q 2018 – Finalise debt and equity funding for Montepuez Stage 1 • 3Q 2018 – Complete early stage site works, camp, roads and civils • 4Q 2018 – Delivery of long lead items to site • 1Q 2019 – Commence commissioning • 2Q 2019 – Complete construction and complete commissionin
Slide 15: Disclaimer & Competent Persons Statement
Disclaimer & Competent Persons Statement Forward Looking Statements • The information in this report that relates to Battery for full details and Competent Persons Statement) as well as Minerals’ Mineral Resources or Ore Reserves is a compilation Battery Minerals’ other periodic and continuous discl
Slide 16: APPENDICES
APPENDICES • Graphite Price Trend Jan 2016 to April 2018 - Montepuez • Graphite Price Trend Jan 2016 to April 2018 - Balama Central • Key Milestones for BAT • Mineral Resources and Ore Reserves (slides 23 to 26) 16
Slide 17: Graphite Price Trend Jan 2016 to April 2018
Graphite Price Trend Jan 2016 to April 2018 Montepuez Basket Price Flake Graphite Price Trend Jan 16 Graphite commodity price have steadily - April 18 improved since March/April 2017 USD, Metric tonnes Data source: Benchmark Mineral Intelligence Montepuez: Battery Minerals - Flake Graphite Concentra
Slide 18: Graphite Price Trend Jan 2016 to April 2018 (cont)
Graphite Price Trend Jan 2016 to April 2018(cont) Balama Central Basket Price Flake Graphite Price Trend Jan 16 - Balama Central Graphite Project April 18 ▪ Higher Jumbo and Large flake product USD, Metric tonnes Data source: Benchmark Mineral Intelligence ▪ Higher basket price of circa US$1,220/t $
Slide 19: Key Milestones for BAT
Key Milestones for BAT Period Milestone Status • Environmental Impact Assessment • Value Engineering Study ✓ Approved • Detailed engineering, early works & ✓ Completed procurement ✓ Commenced – contracts signed, Ongoing 2H 2017 • Port Allocation from government for Pemba ✓ 100,000tpa export capacity
Slide 20: Montepuez Ore Reserves and Mineral Resources
Montepuez Ore Reserves and Mineral Resources • Ore Reserve Estimate January 2017 for Buffalo and Elephant deposits is 41.4Mt @ 8.80% TGC for 3.64Mt of graphite reported at a cut-off grade of 4% TGC • Total Mineral Resource January 2017 for Buffalo and Elephant deposits is 105.9Mt @ 7.74% TGC for 8.2
Slide 21: Montepuez Mineral Resource Statement
Montepuez Mineral Resource Statement Total Mineral Resource January 2017 for Buffalo and Elephant deposits is 105.9Mt @ 7.74% TGC for 8.2Mt of graphite reported at a 2.5% TGC cut-off ELEPHANT RESOURCE @ 2.5% TGC cut-off - January 2017 Contained Contained Tonnes TGC V2O5 Classification Type Graphite
Slide 22: Balama Central Mineral Resource (1)
Balama Central Mineral Resource (1) Total Mineral Resource for Balama Central is 32.9 million tonnes at 10.2 per cent TGC for 3.36Mt of graphite reported at a 6.0% TGC cut-off and includes Indicated Resources of 26Mt @ 10.3% TGC for 2,733Kt of graphite reported at a 6.0% TGC cut-off BALAMA CENTRAL G
Slide 23: Balama Central Mineral Resource (2)
Balama Central Mineral Resource (2) Total Mineral Resource for Balama Central is 32.9 million tonnes at 10.2 per cent TGC for 3.36Mt of graphite reported at a 6.0% TGC cut-off and includes Indicated Resources of 26Mt @ 10.3% TGC1 for 2,733Kt of graphite reported at a 6.0% TGC cut-off Balama Central