American Tungsten & Antimony Ltd · ASX:AT4
American Tungsten & Antimony — Technical Presentation (October 2021)
24 slides from American Tungsten & Antimony's technical presentation, Oct 5, 2021
Slide 1: Scoping Study Results Presentation
5 OCT 2021 ASX: TMG Scoping Study Results Presentation Trigg Mining Limited (ASX: TMG) (Trigg or the Company) is pleased to release a copy of its Scoping Study Results Presentation on its flagship 100%-owned Lake Throssell Sulphate of Potash (SOP) Project. This announcement was authorised to be give
Slide 2: Potential Top 10 Global Sulphate of Potash Producer
Lake Throssell ASX : TMG #mining4farmers Potential Top 10 Global Sulphate of Potash Producer Scoping Study Results 5 October 2021 Trigg Mining: Building mines communities can be proud of
Slide 3: Disclosures and Disclaimers
DISCLOSURES AND DISCLAIMERS Cautionary Statement This presentation (Presentation) is for informational purposes only and is not a prospectus, disclosure document or offer document under the Corporations Act 2001 (Cth) (Corporations Act) or any other law. This Presentation does not constitute, and is
Slide 4: Disclosures and Disclaimers cont.
DISCLOSURES AND DISCLAIMERS cont. Forward Looking Statements This Presentation contains ‘forward-looking statements’ that are based on TMG’s expectations, estimates and projections as of the date on which the statements were made. These forward-looking statements include, among other things, stateme
Slide 5: Scoping Study Highlights
SCOPING STUDY HIGHLIGHTS Nameplate Production Life of Mine EBITDA THE LAKE THROSSELL 21 years $97M SULPHATE OF POTASH 245ktpa annually PROJECT CAPEX C1 Cash Cost AISC $378M $341/t SOP $372/t (incl. $70M (US$249/t) (US$272/t) contingency) NPV IRR Payback $364M 18% 4.5-years Potential Global Top 10 &
Slide 6: Tier 1 Project and Location
TIER 1 PROJECT AND LOCATION LARGE, HIGH-GRADE DEPOSIT • Indicated Drainable Resource upgrade to 4.2Mt @ 10.6kg/m3 K2SO4 • Total Drainable Mineral Resource 14.4Mt @ 10.4kg/m3 K2SO4 or SOP1 • Further upside potential with additional Exploration Target EXCELLENT TRANSPORT LOGISTICS • 350km to Leonora o
Slide 7: Scoping Study Team
SCOPING STUDY TEAM In-house team External Experts Keren Paterson, MD & CEO BEng (Mining), MBA (Economics) FAusIMM MAICD WA First Class Mine Manager • +25 years experience across the mining value chain Euclase Capital Tony Chamberlain, COO BSc (Hons), GradDip (Metallurgy) Ph.D (Chemistry) • +30 years
Slide 8: Scoping Study Key Assumptions
SCOPING STUDY Units Value Key Financial Assumptions KEY ASSUMPTIONS Average LOM exchange rate AUD/USD 0.73 SOP price (US$/t, FOB) 550 (A$/t, FOB) 753 Discount rate % 8 Key Physical Assumptions 5.9Mt @ LOM Production Target Mt 10.4kg/m3 SOP Life of Mine (LOM) Years 21 Brine abstraction Trench network
Slide 9: Scoping Study Project Costs and Financial Outcomes
Units Value SCOPING STUDY Capital Cost Total direct costs $M 269 PROJECT COSTS AND Total indirect costs $M 40 FINANCIAL OUTCOMES Contingency and growth $M 70 Total Capital Cost $M 378 Pre-production working capital $M 34 Total Funding Requirement $M 412 Operating Cost C1 Cash Operating Cost $/t SOP
Slide 10: Production from Trenches and Bores
PRODUCTION FROM TRENCHES AND BORES T RIG G M INING LIM IT ED 9
Slide 11: Site Layout
SITE LAYOUT Project Metric Life-Of-Mine (LOM) Unit Years Value 42 COMBINATION OF ON AND OFF- Nameplate Annual Production Ktpa SOP 245 LAKE EVAPORATION PONDS Brine Extraction GL pa 24-29 Trench Network km 110 MINIMISE ENVIRONMENTAL Bores 22-129 FOOTPRINT Average Resource Brine Grade Kg/m3 K2SO4 10.4
Slide 12: Process Flowsheet
PROCESS FLOWSHEET USING COMMERCIALLY PROVEN TECHNOLOGY T RIG G M INING LIM IT ED 11
Slide 13: Benchmarked Capital Costs
BENCHMARKED CAPITAL COSTS 700 Benchmarked against economic studies of ASX listed peers3 LEARNING FROM THE PEERS AMN (DFS) 600 AMN (PFS) 500 RWD (PFS) 400 CAPEX ($M) TMG (SS) AMN (SS) KLL (FS) APC (FEED) 300 RWD (SS) KLL (PU) SO4 (BFS) KLL (FEED) SO4 (SS) KLL (PFS) 200 KLL (BFS) APC (DFS) APC (SS) 10
Slide 14: Benchmarked Operating Costs
BENCHMARKED OPERATING Benchmarked against economic studies of ASX listed peers4 COSTS 450.0 LEARNING FROM THE PEERS 400.0 APC (DFS) APC (SS) APC (FEED) 350.0 RWD (PFS) TMG (SS) AMN (SS) RWD (SS) OPEX (A$/t) KLL (BFS) 300.0 SO4 (BFS) AMN (PFS) SO4 (SS) 250.0 KLL (PFS) AMN (DFS) 200.0 50 100 150 200 2
Slide 15: Lake Throssell, a World-Class Asset
LAKE THROSSELL, A WORLD-CLASS ASSET Potential Top-10 producer, and lowest-cost quartile 2,000 Global SOP Producers5 Global SOP Cost Curve6 1,800 1,600 Annual SOP Production (tonnes) 1,400 1,200 US$249/t Operating Cost 1,000 800 600 245ktpa 400 200 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Slide 16: Lake Throssell - A Truly Sustainable Mine
LAKE THROSELL - A TRULY SUSTAINABLE MINE A project of local, national and global significance ENVIRONMENT SOCIAL Mining Creating employment opportunities for >40 years Harvesting naturally occurring hyper-saline brine • 250 construction jobs (drainable resource only) • 125 permanent roles (114 s
Slide 17: Lake Throssell Exploration
LAKE THROSSELL EXPLORATION TOTAL CURRENT MINERAL RESOURCE OF 14.4Mt @ 10.4kg/m3 K2SO47 PLUS AN EXPLORATION TARGET OF 2.6 – 9.4Mt @ 9.5 – 10.3kg/m3 K2SO4. The potential quantity and grade of the Exploration Target is conceptual in nature. There has been insufficient exploration in these areas to esti
Slide 18: Lake Yeo Exploration
LAKE YEO EXPLORATION POTENTIAL LAKE THROSSELL REPEAT • From 35km to the south of Lake Throssell in the same interpreted palaeochannel • Tenement Applications cover 1,915km2 including more than 200km2 of playa lake and almost 130km of strike T RIG G M INING LIM IT ED 17
Slide 19: Development Timeline
DEVELOPMENT TIMELINE 2021 2022 2023 2024 2025 Baseline Monitoring Environmental Scoping Document Environmental Public Environmental Review Permitting Ministerial Approval Secondary Approvals PFS Basal Pump JORC Resource Update Testing Resource & PFS Mine Schedule JORC Resource Update Mine Planning D
Slide 20: The Trigg Mining Investment Case
THE TRIGG Lake Throssell set to become a Top 10 Global, lowest- MINING cost quartile SOP producer INVESTMENT Outstanding economics for a multi-decade operation CASE Located in a world class mining jurisdiction Premium potash product that is Australian made with large up side for export growth Signif
Slide 21: Level 1, Office E, 1139 Hay Street, West Perth
Level 1, Office E, 1139 Hay Street West Perth, WA 6005 (08) 6114 5685 info@triggmining.com.au www.triggmining.com.au T RIG G M INING LIM IT ED 20
Slide 22: Appendix A – Corporate Overview
APPENDIX A – CORPORATE OVERVIEW BOARD OF DIRECTORS AND EXECUTIVE LEADERSHIP Board of Directors Capital Structure Managing Director & CEO Keren Paterson Ordinary Shares (TMG) 114,506,665 Non Executive Chairperson Mike Ralston Share Price (4/10/21) $0.105 Non Executive Director Rod Baxter Market Capit
Slide 23: Appendix B – Total Mineral Resource Estimate
APPENDIX B – TOTAL MINERAL RESOURCE ESTIMATE Drainable Equivalent Drainable Total Brine Specific K K SO4 SO4 Total Brine Mineral Resource Volume Brine SOP Grade Brine SOP Aquifer Porosity Volume Yield Grade Mass Grade Mass SOP Mass Category (106 m3) Volume (K2SO4) Mass (%) (106 m3) (%) (mg/L) (Mt) (
Slide 24: Appendix C – Information Sources – Production Rates
APPENDIX C – INFORMATION SOURCES – PRODUCTION RATES Company Source Source Date Title of Announcement Australian Potash Limited ASX Announcement 23/03/2017 Scoping Study Confirms Exceptional Economics of APC’s 100% owned Lake Wells Potash Project in WA Australian Potash Limited ASX Announcement 28/8/
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