Reward Minerals Ltd · ASX:RWD
Reward Minerals — Investor Presentation (October 2024)
27 slides from Reward Minerals's investor presentation, Oct 2, 2024
Slide 1: Acquisition of the Beyondie SOP Plant
ACQUISITION OF THE BEYONDIE SOP PLANT DR MICHAEL RUANE LORRY HUGHES October 2024 PhD (Chemistry) MRACI BSc. (Geology) FAusIMM Perth, Western Australia Executive Director CEO ASX: RWD
Slide 2: Forward Looking Statements and Disclaimer
FORWARD LOOKING STATEMENTS AND DISCLAIMER ASX Code: RWD This document includes forward-looking statements. When used in this Company hereby excludes all warranties that can be excluded by law. document, the words such as “could”, “plan”, “estimate”, “expect”, “intend”, “may”, “potential”, “should”,
Slide 3: Highlights
SECTION One Highlights ASX Code: RWD 3
Slide 4: Beyondie SOP Plant - Clear Strategic Fit
Section One: Highlights BEYONDIE SOP PLANT - CLEAR STRATEGIC FIT ASX Code: RWD 1 Acquisition Terms represent 2 Expertise and Process to Realise 3 Substantial SOP Potash 4 Attractive SOP Market Excellent Value Value Production Facility outlook Reward Minerals Ltd (Reward) has entered a Reward is
Slide 5: Beyondie SOP Plant - Clear Strategic Fit
Section One: Highlights BEYONDIE SOP PLANT - CLEAR STRATEGIC FIT ASX Code: RWD Reward to utilise its extensive processing experience and proprietary technology. Current Extensive area Current processing harvested salt for new waste stockpile evaporation plant to be relocated Complete updated Engin
Slide 6: Transaction Complete
SECTION Two Transaction Complete 6
Slide 7: Transaction Summary
Section Two TRANSACTION SUMMARY ASX Code: RWD Reward has executed a binding agreement with Dr. M. Ruane to acquire unencumbered ownership of the Beyondie SOP Plant, site offices and some associated infrastructure. Reward has Key terms: executed a binding agreement to Consideration: Upfront pay
Slide 8: Beyondie SOP Plant
SECTION Three Beyondie SOP Plant ASX Code: RWD 8
Slide 9: Summary
Section Three: Beyondie SOP Plant SUMMARY ASX Code: RWD Located ~160km SE of Newman, Western Australia, the complete project was constructed in 2020/2021, produced first SOP Potash from the plant in October 2021 and first sales in July 2022. A total of $466 million1 was previously invested into th
Slide 10: Beyondie SOP Plant
Section Three: Beyondie SOP Plant BEYONDIE SOP PLANT ASX Code: RWD Operations ceased in September 2023 and site transitioned to Care and Maintenance ahead of sale process SOP Process plant Compaction plant Admin offices and Evaporation Ponds not included in Transaction ablution facilities Fi
Slide 11: Re-engineer and Relocate
SECTION Four Re-engineer and Relocate ASX Code: RWD 11
Slide 12: Re-engineer and Relocate Carnarvon Potash Project (CPP)
Section Four: Step one RE-ENGINEER AND RELOCATE ASX Code: RWD Carnarvon Potash Project (CPP) Immediately September 20231 – Class 5 Engineering Scoping Study (+/-40%) completed by Reward with commence process engineering inputs completed by Bechtel Australia Pty Ltd. planning to ESS was based on th
Slide 13: Re-engineer and Relocate
Section Four: Step one RE-ENGINEER AND RELOCATE ASX Code: RWD Seek strategic long term partnerships for SOP development and/or access to Bitterns. Inclusion of multiple high-cost processing components from the Beyondie SOP plant to significantly reduce capex for an updated CPP ESS and significantl
Slide 14: Growth Plans
SECTION Five Growth plans ASX Code: RWD 14
Slide 15: Growth Plans: Use Reward's proprietary technologies to unlock further value
Section Five: Step two GROWTH PLANS ASX Code: RWD Use Reward’s proprietary technologies to Unlock Further Value Subject to establishing a viable SOP project using its technology and plant components from the new acquisition, Reward intends to incorporate the Reward Process and other proprietary tec
Slide 16: The Reward Process is suitable for use at solar salt operations across the globe
Section Five: Step two GROWTH PLANS ASX Code: RWD The Reward Process is suitable for use at solar salt operations across the globe Salt Port Lake Macleod Salt (3.1Mtpa) 30 km 16
Slide 17: Reward Minerals
SECTION Six Reward Minerals ASX Code: RWD 17
Slide 18: Corporate Summary
Section Six: Reward Minerals CORPORATE SUMMARY ASX Code: RWD Pro-forma Capital Structure Existing Share Register Shares on issue m 227.9 Share price A$ 0.041 Listed Options on issue ($0.20 – 31 Mar 2025) m 18.3 Other shareholders Board & Management Unlisted Options on issue ($0.20 – 14 Sep 2025) m 1
Slide 19: Board and Management
Section Six: Reward Minerals BOARD AND MANAGEMENT ASX Code: RWD Board and Management team are ideally placed to realise value from Beyondie, with +75 years experience in the potash and salt industries Colin McCavana Dr. Michael Ruane Rod Della Vedova Lorry Hughes Warren Hinchliffe Chairman PhD (Chem
Slide 20: Appendices
Appendices ASX Code: RWD 20
Slide 21: The Reward Process
Appendix A THE REWARD PROCESS ASX Code: RWD A new process technology for the recovery of SOP Potash from solar salt operation bitterns and other high-sulphate brines. Australian PCT Patent Application received a positive preliminary report from the Patent Office – June 20241. Engineering Scopi
Slide 22: The Reward Process
Appendix A THE REWARD PROCESS ASX Code: RWD 9 g/l SOP 21 g/l SOP 24 g/l SOP No mechanical harvesting of Potash Salts. No flotation upgrade required. Redissolved SOP Rich Brine Uses conventional fixed plant components. Significant cost reduction potential. Add Gypsum +50% K to Syngenite Applicab
Slide 23: The Reward Process: Highly Positive Engineering Scoping Study Results
Appendix A THE REWARD PROCESS ASX Code: RWD Highly Positive Engineering Scoping Study Results1 Basis Metrics September 20231 - Class 5 Engineering Scoping Study (+/-40%) Reward Technology metrics. completed by Reward with processing engineering inputs completed by Bechtel Australia Pty Ltd. 100,0
Slide 24: SOP Potash Sector Cost Curve
Appendix B SOP POTASH SECTOR COST CURVE ASX Code: RWD ~7Mt SOP produced globally each year (brine production is lowest cost) Sustainable advantage of brine production 50% of producers are loss making at US$410/t Reward Process ESS Operating Cost1 Operating Costs (US$/FOB) Cumulative production (kt)
Slide 25: SOP Potash Prices
Appendix B SOP POTASH PRICES ASX Code: RWD SOP Potash pricing is underpinned by Population growth and global supply constraints. Global transition to sophisticated farming methods. Low-chloride fertilizer demand. Increased usage for higher value crops. Source: Danakali Limited ASX Release dated
Slide 26: Compliance Section
COMPLIANCE SECTION ASX Code: RWD Competent Person Statement The information in this presentation that relates to Brine metallurgical testwork About Reward and Analyses is based on information compiled by Mr Warren Hinchliffe who is a Member of The Australian Institute of Mining and Metallurgy. Mr Hi
Slide 27: Thank you
ASX: RWD Thank you Contacts Executive Director CEO Head Office Dr. Michael Ruane Lorry Hughes 159 Stirling Highway PhD (Chemistry) MRACI BSc. (Geology) FAusIMM Nedlands WA 6009 Email: michael.ruane@rewardminerals.com Email: lorry.hughes@rewardminerals.com Postal Address Phone: +61 8 9386 4699 Phone:
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