Antares Metals Limited · ASX:AM5
Antares Metals — Battery Minerals Conference (April 2022)
24 slides from Antares Metals's conference presentation, Apr 6, 2022
Slide 1: Ties that Bind
Ties that Bind April 2022 | ASX:NIS
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by NickelSearch Limited (“NiS” or the “Company”) to assist in informing interested parties about the Company and its progress. It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an indu
Slide 3: Acknowledgement of Country
Acknowledgement of Country View of Culham Inlet and ocean from the top of East Mount Barren, 1971 NickelSearch acknowledges the Traditional Custodians of the lands on which we operate, the Noongar people. We recognise the unique cultural heritage of Aboriginal people and their continued connection t
Slide 4: Our History Based on Friendship
1 Our History Based on Friendship 4
Slide 5: Ties with Local Community
Ties with Local Community Mother and baby emus in the field, 1971 NickelSearch acknowledges that we are only able to conduct our drilling programs with the cooperation and assistance from the local community including the families that farm the land and the businesses and people that support our end
Slide 6: Timeline
Timeline Stephen Lipple arrives Ellis, Lipple, Wadley formed Various JVs and Scoping Study NiS buys Medallion Metals in Ravensthorpe with (ELW) and work on Bandalup tenement completed on Carlingup nickel tenements including GSWA 1:250000 Hill, acquire leases including acquisitions Project from minin
Slide 7: Carlingup Nickel Sulphide Project
Carlingup Nickel Sulphide Project 7
Slide 8: Board and Management
Board and Management David Royle Nicole Duncan Norm Taylor Paul Bennett Donald James Non-executive Managing Non-executive Non-executive Non-executive Chairman Director Director / Founder Director Director Geology Operational & Corporate Corporate Mining engineer Operational & Corporate Tamsin Sender
Slide 9: Capital Structure
Capital Structure 104.1M $19.8M SHARES ON ISSUE MARKET CAP ASX: NIS At $0.190/sh 15.1% $7.5M Nil 6.9% CASH DEBT As at 31 Dec 21 As at 31 Dec 21 Board & Management 6.5% $12.3M 8.7M 59.1% Institutional ENTERPRISE VALUE UNLISTED OPTIONS 12.4% Strike: $0.25, Exp: 18 Oct 24 Other 61.4% 48.1% TOP 20 OWNER
Slide 10: Ties with Our Community
2 Ties with Our Community 10
Slide 11: Carlingup Project Overview
Carlingup Project Overview Historic Production ▪ RAV81 produced 468.1 kt @ 3.45% for 16.1 kt Ni, 2000 - 2007 Current Inferred Resources ▪ RAV82 - 13.2Mt @ 0.6% for 75.1 kt Ni ▪ RAV1, 4, 4 West3 – 0.52Mt @1.08% for 5.6 kt Ni ▪ John Ellis4 – 16.0 Mt @0.56% for 90.3 kt RAV 8 pit, 2022 Current focus Not
Slide 12: Pipeline of Greenfields & Brownfields Targets
Pipeline of Greenfields & Brownfields Targets ▪ Completed a high-resolution HTEM & magnetic (Xcite™) survey covering the entire project area ▪ This provides an important new & foundational data set for targeting blind nickel sulphide deposits ▪ Priority greenfields targets identified at John Ellis,
Slide 13: Indicative Timetable
Indicative Timetable Q4-CY2021 Q1-CY2022 Q2-CY2022 Q3-CY2022 Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sept 1 Corporate Accomplished Complete $10M IPO and Commence trading on ASX Upcoming 2 Exploration/Operational Planned RAV-8 JORC 2012 Resource Estimate RAV-1, RAV 4 & RAV-4 West Exploration Targ
Slide 14: Progress to Production
Progress to Production RAV-4 West RAV-4 Multiple RAV-1 RAV-8 Priority Serendipity John Ellis sulphide targets Sexton RAV-5 B1 Emerging Targets Prospects John Ellis Prospects Mineral PFS Resources Early stage VTEM Geochem / With ore-grade & geochem geophysical intercepts anomalies along anomalies the
Slide 15: Vertically Integrated Future with Ties to Past
3 Vertically Integrated Future with Ties to Past 15
Slide 16: Preferred Conventional & Green Processing Route
Preferred Conventional & Green Processing Route Bio-leach is a low cost, efficient and green treatment process ▪ Ore sorting allows concentration of valuable ore and rejection of waste ▪ Agglomeration binds fines and coarse particles together ▪ Indigenous bacterial culture operates within site condi
Slide 17: NiS Heap Leach Advantage
NiS Heap Leach Advantage Bio-leach best processing option for our low grade secondary nickel sulphide ▪ Majority of the nickel sulphide is secondary, moderate to low grade ore, inferred resource 29.7Mt @ 0.58% Ni ▪ Previous conventional metallurgical testing resulted in poor Ni recoveries, historica
Slide 18: The AFC Nickel Sulphate Precipitation Process (CMN)
The AFC Nickel Sulphate Precipitation Process (CMN) 18
Slide 19: CMN Process Advantages
CMN Process Advantages Direct feed into the EV battery market General ▪ Primary reagent is magnesia rather than caustic soda or ammonia, cheaper, safer and easier to manage waste ▪ Operates at low temperatures and ambient pressure ▪ No toxic gasses Environmental ▪ Magnesium waste can be used to make
Slide 20: Ties to a Clean Electric Future
4 Ties to a Clean Electric Future Diamond Drill core 20
Slide 21: An Electrified Future
An Electrified Future When one wins, we all win ▪ A$124 million FBI CRC headquartered in WA, collaboration between industry, government and research facilities ▪ A$1.3 billion Modern Manufacturing Initiative has awarded $243 million to companies investing in various key battery minerals including ni
Slide 22: Tamsin Senders and Nicole Duncan
Tamsin Senders Manager Processing Email: tamsin.senders@nickelsearch.com www.nickelsearch.com ASX:NIS Nicole Duncan Managing Director Email: nicole.duncan@nickelsearch.com www.nickelsearch.com ASX:NIS
Slide 23: Appendix
Appendix 23
Slide 24: JORC Disclaimer
JORC Disclaimer The information in this document that relates to Exploration Targets, Exploration Results and Mineral Resources in the Report are prepared in accordance with the guidelines of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves JORC Code (20
Antares Metals — Battery Minerals Conference (April 2022) on 6ix