Neometals Ltd · ASX:NMT
Neometals — RIU Explorers Conference 2019
36 slides from Neometals's conference presentation, Feb 21, 2019
Slide 1: All the right elements
For personal use only All the right elements ® 21st February 2019 ASX Code: NMT OTC/Nasdaq Intl: RDRUY 1
Slide 2: Disclaimer
Disclaimer For personal use only Summary information: This document has been prepared by Neometals Ltd (“Neometals” or “the Company”) to provide summary information about the Company and its associated entities and their activities current as at the date of this document. The information contained i
Slide 3: Neometals is different
Neometals is different For personal use only Project developer of strategic materials for the 21st Century • Start with globally relevant commodity before its popular • Acquire most advanced project with grade/scale • Add value with drillbit, test work, evaluation studies • Develop with partners to
Slide 4: Executive Summary
Executive Summary For personal use only • Listed (ASX:NMT) project developer • Established in 2003, team of 20 with headquarters in Perth and industrial facility/research laboratory in Montreal • Post-sale pro-forma cash of +A$130M plus ~A$6M in investments* vs. current market cap of A$114M • Balanc
Slide 5: Who are Neometals?
Who are Neometals? For personal use only NE Board Members Management Team Please refer to supporting information slides at rear of document for name and position.. + Ti/V = 5
Slide 6: Strong Balance Sheet and getting stronger despite weak Li prices
Strong Balance Sheet and getting stronger despite weak Li prices which lead share price For personal use only ASX: NMT OTC:RDRUY Shares on Issue1 m 543.9 Share Price (19-Feb-2019) A$ 0.21 Market capitalisation A$m 114.0 Cash (31-Dec-18)* A$m 30.1 Debt (31-Dec-18) A$m - Investments (31-Dec-18)2 A$m 9
Slide 7: Lithium
7 For personal use only Lithium + Ti/V =
Slide 8: Mt Marion Equity Divestment
Mt Marion Equity Divestment For personal use only Highlights: • NMT to sell its Mt Marion equity to Ganfeng and Mineral Resources for A$103.8M • Subject to Ganfeng obtaining Chinese approval by 28 February, FIRB • ‘Life of Mine’ spodumene concentrate annual offtake option for 57ktpa of 6% Li2O at
Slide 9: Prices normalising in the short term, medium term outlook is flat
Prices normalising in the short term, medium term outlook is flat For personal use only + Ti/V = 9
Slide 10: Kalgoorlie Lithium Refinery (KLR)
Kalgoorlie Lithium Refinery (KLR) For personal use only Neometals is progressing technical and commercial feasibility of a lithium chemicals refinery in Kalgoorlie, with an initial production capacity of 10ktpa of LiOH. • Develop a conventional conversion plant to produce battery quality LiOH monohy
Slide 11: Lithium market and pricing will determine development timing
Lithium market and pricing will determine development timing For personal use only Significant supply deficit expected to Emerge mid 20’s + Ti/V = 11
Slide 12: Strong conviction in the long term lithium battery/EV/ESS thematic
We have strong conviction in the long term lithium battery/EV/ESS thematic…. and that they wear out! For personal use only + Ti/V = 12
Slide 13: Lithium Battery Recycling work stream is high priority for 2019
Lithium Battery Recycling work stream is high priority for 2019 For personal use only Neometals is developing a sustainable technology to economically recover critical metals from spent lithium ion batteries. • Regulation driving ethical sourcing and disposal of lithium ion batteries • <5% batteries
Slide 14: Targeting EV & electronics manufacturers with our universal recycling flowsheet
Targeting EV & electronics manufacturers with our universal recycling flowsheet For personal use only Accelerated development of universal EV battery recycling flowsheet to meet market demand as NCA/NCM volumes accelerate, new flowsheet retains flexibility to also process LCO from consumer electroni
Slide 15: Commercial scale (50tpd feed) Shredder Acceptance Testing Video
Neometals Commercial scale (50tpd feed) Shredder Acceptance Testing Video For personal use only https://youtu.be/PJSMV3enSqg + Ti/V = 15
Slide 16: Indicative Project Timeline
Indicative Project Timeline For personal use only Pilot Pilot Pilot Commence FEED Commercial Plant Plant Plant FEED Study Plant (*) Canada Canada Canada Study Results & Fabrication / FID (*) Construct Comminution Leaching Purification Jan/Feb 19 Mar/April 19 May/Jun/July July 19 DecQ19 9 months 19 R
Slide 17: Vanadium and Titanium
Ti/V For personal use only Vanadium and Titanium + Ti/V = 17
Slide 18: Barrambie VTM Project
Barrambie VTM Project Ti/V For personal use only One of the highest grade hard-rock Titanium assets & one of the largest Vanadium projects globally • 100% Owned • Located 80km north-west of Sandstone, WA • A$30M spent to date, +1,000 RC/Diamond holes drilled for ~55,000m • Materially completed updat
Slide 19: Barrambie Flythrough Video
Barrambie Flythrough Video Ti/V For personal use only https://youtu.be/w-ndAfGSBeM + Ti/V = 19
Slide 20: Globally Significant Resource
Globally Significant Resource Ti/V For personal use only Refer to further information on this comparison data in slide 35 and the Announcement titled “Neometals Commences Update of Barrambie DFS” dated 16 November 2018 and available at + Ti/V = https://www.neometals.com.au/reports/848-20181116Barram
Slide 21: Exploration upside
Exploration upside Ti/V For personal use only + Ti/V = 21
Slide 22: 2009 DFS Results
2009 DFS Results Ti/V For personal use only Average Annual Production Average Operating Costs 6,160 tonnes Vanadium <US$20/kg Vanadium As 7,700t of Ferrovanadium (FeV80) Lowest Quartile Containing 11,200t V2O5 equivalent Mine Life Direct Construction Costs A$456M 12 years Pre-commissoning, Owners Co
Slide 23: Globally competitive cash costs
Globally competitive cash costs Ti/V For personal use only + Ti/V = 23
Slide 24: Drivers for development of primary V
Drivers for development of primary V Ti/V For personal use only • China legislating increased vanadium addition for strengthening re-bar steels • Increasing demand from energy storage and aerospace New primary supply needed now + Ti/V = 24
Slide 25: Drivers for development of secondary Ti
Drivers for development of secondary Ti Ti/V For personal use only • Barrambie Eastern Band is worlds second highest grade deposit at 21% TiO2 • Barrambie Mineral Resource contains +25 million tonnes of TiO2 Significant supply deficit expected to emerge early 20’s + Ti/V = 25
Slide 26: Indicative Project Timeline
Indicative Project Timeline Ti/V For personal use only DecQ18 2019/20 2020/21 2021/22 + Ti/V = 26
Slide 27: For personal use only
For personal use only 27 + Ti/V = + Ti/V =
Slide 28: Company Highlights
Company Highlights For personal use only • History of de‐risking development with strong operating and offtake partners • Delivered A$34M to shareholders over last three financial years • Developing secure supplies of globally‐relevant commodity feedstocks from Tier‐one assets • Clear path to grow m
Slide 29: Supporting Information
2 9 For personal use only SUPPORTING INFORMATION + Ti/V = 29
Slide 30: Neometals Board of Directors
Neometals Board of Directors For personal use only Steven Cole Chris Reed David Reed Natalia Streltsova Chairman Managing Director Non‐Executive Director Non‐Executive Director Steven has 35 years of Chris started in the mining David was a director and Natalia Streltsova is a PhD professional, corpo
Slide 31: Neometals Board of Directors Cont'd
Neometals Board of Directors Cont’d For personal use only Douglas Ritchie Jennifer Purdie Les Guthrie Jason Carone Non‐Executive Director Non‐Executive Director Non‐Executive Director CFO & Company Secretary Doug Ritchie is a senior resources Mr Guthrie B.Sc (Engineering Jason holds a Bachelor indus
Slide 32: Lithium Executive Team
Lithium Executive Team For personal use only Mike Tamlin Greg Hudson Gavin Beer Jeremy McManus COO GM ‐ Exploration GM – Process & Metallurgy GM – Commercial & IR Mike has over 35 years Greg has more than 18 Gavin is a metallurgist with Jeremy has nearly 20 years experience, including years’ experie
Slide 33: Titanium-Vanadium Executive Team
Titanium-Vanadium Executive Team Ti/V For personal use only Darren Townsend David Robinson Paul Wallwork Drew Bradshaw CDO GM – Metallurgy & IP GM – Product Development GM – Mining & Marketing (seconded from Darren is a Mining New appointment Paul has nearly 30 years ADAMAN Resources) Engineer with
Slide 34: Barrambie JORC Mineral Resource
Barrambie JORC Mineral Resource Ti/V For personal use only + Ti/V = 34
Slide 35: Vanadium Deposit Comparison Data Ti/V
Vanadium Deposit Comparison Data Ti/V Supporting Slide 13 For personal use only + Ti/V = 35
Slide 36: Barrambie JORC Exploration Target
Barrambie JORC Exploration Target Ti/V For personal use only + Ti/V = 36