Sunrise Energy Metals Limited · ASX:SRL
Sunrise Energy Metals — Clean TeQ Holdings — Shareholder Meeting (October 2019)
34 slides from Sunrise Energy Metals's shareholder meeting presentation, Oct 31, 2019
Slide 1: ASX/TSX Announcement
ASX/TSX Announcement 31 October 2019 MELBOURNE, Australia – Mr Sam Riggall, Chief Executive Officer of Clean TeQ Holdings Limited (Clean TeQ or Company) (ASX/TSX:CLQ; OTCQX:CTEQF), will present the attached update to shareholders today at 10:00am at the Company’s Annual General Meeting in Melbourne.
Slide 2: Forward-looking statements (continued)
Sunrise Project IRR; the Project's NPV (as well as all other before and after taxation NPV calculations); life of mine revenue; average annual EBITDA; capital cost; average C1 operating cash costs before and after by-product credits; proposed mining plans and methods, the negotiation and execution o
Slide 3: Annual General Meeting FY19 Operational Review
ANNUAL GENERAL MEETING FY19 OPERATIONAL REVIEW SAM RIGGALL – CHIEF EXECUTIVE OFFICER Clean TeQ | Annual General Meeting
Slide 4: Cautionary Statement
Cautionary Statement Certain statements in this presentation constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. Such statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, pe
Slide 5: Highlights – FY19
Highlights – FY19 ❑ Excellent HSE performance, zero community and environmental incidents and good progress on developing business systems ❑ Sunrise engineering advanced, MOD4 secured and strong government and community support ❑ Work continues on debt and equity financing options ❑ Finished constru
Slide 6: Building the world's largest, fully-integrated battery raw materials business
Building the world’s largest, fully- integrated battery raw materials business Clean TeQ Sunrise | Annual General Meeting
Slide 7: Decarbonisation – the industrial challenge for this century
Decarbonisation – the industrial challenge for this century The world will need significantly more metal – for energy generation, storage and distribution (Arearepresents (Area representsmarket the value of the value commodityatmarket) of commodity spot prices) Clean TeQ | Annual General Meeting 5
Slide 8: Energy storage
Energy storage Lithium-ion batteries have emerged as the dominant energy storage technology for transportation (Area represents market value of commodity at spot prices) 1 Energy density □ Nickel drives energy density in the cathode and therefore EV range □ Cathodes require increasingly more nickel
Slide 9: Megafactories being built now
Megafactories being built now Significant increase in Li-ion battery capacity from 2018 to 2028 • 70 megafactories under construction • 46 in China • Megafactories will make Li-ion batteries with two specific chemistries: – nickel-cobalt-manganese – nickel-cobalt-aluminium • Significant impact for f
Slide 10: Nickel market balance
Nickel market balance The world needs over 1 million tonnes of new nickel capacity within a decade Nickel Market Balance 2018-2030 (kt pa Ni) 4,000 Equivalent to five Sunrise Projects successfully delivered per year for the 3,500 270 next decade 330 25 Note - there is not one significant 3,000 500 g
Slide 11: Cobalt market balance
Cobalt market balance The world needs over 180k tonnes of new cobalt capacity within a decade 350 Cobalt Market Balance 2018-2030 (kt pa Co) 300 250 140 184 200 150 17 302 27 100 162 145 118 118 118 118 50 0 2018 Co Demand Non-battery 3C batteries EV batteries (@15% EV 2030 Co Demand New mine develo
Slide 12: Nickel is a high volatility metal – fundamentals are strong
Nickel is a high volatility metal – fundamentals are strong A$ nickel prices are +66% year to date and now trading at multi-year highs 30,000 Supply disruptions to drive prices higher 25,000 • The now immediate return of the Indonesian nickel ore ban Nickel (US$/t) is expected to take out ~250ktpa o
Slide 13: Nickel stocks and supply / demand outlook
Nickel stocks and supply / demand outlook Nickel has meaningful supply constraints with a supply deficit forecast to emerge by 2021 LME inventories have declined rapidly …alongside an emerging long-term supply deficit 500.0 Existing supply Highly probable projects Probable projects Consumption 4.5 4
Slide 14: Sunrise has a unique lateritic geology
Sunrise has a unique lateritic geology High relative cobalt grades support a very low cost operation Co:Ni Ratio in ROM Ore Surface mining Low acid consumption Excellent rheology Low clay content and quartz veining allows for simple beneficiation and ore upgrading Clean TeQ | Annual General Meeting
Slide 15: Lowest quartile on the industry cost curve
Lowest quartile on the industry cost curve By-product revenues cover nickel production costs $/lb Ni incl. Unit Costs: Life of Mine C1 Cash Cost (US$/lb Ni after credits) credits Unit Cost per Product lb Mining costs 1.14 Spot nickel price Processing costs 3.33 General, Admin & Other Site Overheads
Slide 16: The history of PAL laterite development
The history of PAL laterite development A supply side response from PAL laterite development will take time 6 Years PAL Development Timelines Gordes (Turkey) 6 Years Discovery to FS Commenced Taganito (Philippines) FS Commenced to Operation 6 Years Goro (New Caledonia) 11 Years Ramu (Papua New Guine
Slide 17: The most advanced Ni-Co project in the world
The most advance Ni-Co project in the world Over 20 years of development work and >A$200m of invested capital STUDIES Definitive Feasibility Study completed in June 2018 PERMITS Approved 2.5mtpa project from New South Wales Government WATER Secure 3.2GLpa water allocation INFRASTRUCTURE Road and rai
Slide 18: Community engagement
Community engagement Clean TeQ | Annual General Meeting 16
Slide 19: How we communicate locally
How we communicate locally Clean TeQ | Annual General Meeting 17
Slide 20: Next steps: deliver Project Execution Plan
Next steps: deliver Project Execution Plan Develop a clear path for project implementation Process Plant Design Contracting arrangements Procurement and LLI Project EPCM Early works Execution Plan construction Constructability & Ops Design Deliverables – + Complete early engineering Site constructio
Slide 21: Delivering innovative waste water treatment solutions
Delivering innovative waste water treatment solutions Clean TeQ Water | Annual General Meeting
Slide 22: Water scarcity is a global issue
Water scarcity is a global issue The world’s climate is changing, with impacts on water availability Months of annual water shortage Over the next 15 years, population & economic growth are expected to double global water demand 3.6 billion people live at least one month a year with extreme water st
Slide 23: Lack of access to safe drinking water
Lack of access to safe drinking water An estimated 844 million people do not have access to safe drinking water China rates 76% of monitored groundwater sites as “poor” or “very poor” In 2015, 21 million people in the United States were reliant on water systems that had not met health-related safety
Slide 24: Soil is becoming less fertile and less productive
Soil is becoming less fertile and less productive Droughts are becoming longer and hotter. Erosion removes top-soil’s capacity to retain water. Clean TeQ Water 22
Slide 25: Localised water impacts
Localised water impacts Agriculture, industry and energy can have major impacts if not managed well Blue-green algae boom due to fertilizer Clean-up after cadmium spill North Carolina toxic coal ash spill in and other chemical waste from battery factory (China) local river Clean TeQ Water | Annual G
Slide 26: Water treatment and re-use technologies are critical
Water treatment and re-use technologies are critical ‘Toilet-to-tap’: % re-use of waste water plant effluent 70% Waste water plant effluent is already relatively clean and can be a substantial, reliable low cost source of additional water supply Only Israel and Singapore have substantial water re-us
Slide 27: Clean TeQ Water – mission and strategy
Clean TeQ Water – mission and strategy CLEAN TEQ WATER MISSION We aspire to address global scarcity of fresh water by providing innovative technology solutions that lower the cost and complexity of water recycling and resource recovery STRATEGY: 1.1 Build on our unique portfolio of innovative techno
Slide 28: Target pollutants and target markets
Target pollutants and target markets • Desalination • Desalination • Sulphate • Nutrient (ammonia, nitrate, • Arsenic Waste water phosphate) removal and • Selenium Mining treatment recovery • Dissolved metals plant re-use • Suspended solids • Desalination • Desalination • Hardness • Nutrient (ammoni
Slide 29: FY19 project delivery – plants awaiting handover
FY19 project delivery – plants awaiting handover Antimony Processing Plant Gold Mine Waste Water Cobalt Nickel Raffinate • Oman • Victoria, Australia • Democratic Republic of Congo • 500 tons/day • 2000 tons/day • 20,000 tons/day • CIF® + Reverse Osmosis for re-use • Removal of Sulphate, Calcium, •
Slide 30: Technology development
Technology development Clean TeQ | Annual General Meeting
Slide 31: Tianjin CleanBio Lens facility
Tianjin CleanBio® Lens facility Targeting cost-effective nitrate removal Lenses CleanBio ® Lens production line Raw material production Blank CleanBio ® Lens production calibration and optimization in progress Starting calibration of production and cultivation of bacteria-inoculated Bacteria encapsu
Slide 32: Graphene oxide membranes
Graphene oxide membranes Potentially superior membrane performance ▪ Joint Venture with Ionic Industries (NematiQ) to progress GO-membrane development ▪ Graphene oxide-based membranes have the potential to deliver significant benefits due to their high water flux, tunability and non-fouling properti
Slide 33: Ion exchange resins
Ion exchange resins Resin performance underpins investment in IX technologies ▪ On-going work to optimize resin performance across metal recovery and water treatment applications ▪ Clean TeQ works closely with third party vendors to create high-performance resins Clean TeQ | Annual General Meeting 3
Slide 34: www.cleanteq.com
P: +61 3 9797 6700 E: info@cleanteq.com Clean TeQ Holdings Limited 12/21 Howleys Rd Notting Hill VIC 3000 AUSTRALIA www.cleanteq.com Clean TeQ
Clean TeQ Holdings — Shareholder Meeting (October 2019) on 6ix