Almonty Industries Inc. · NASDAQ:ALM
Almonty Industries — Investor Presentation (November 2015)
27 slides from Almonty Industries's investor presentation, November 2015
Slide 1: Corporate Presentation
Corporate Presentation November 2015
Slide 2: Legal Disclaimer
Legal Disclaimer This presentation includes certain statements that may be considered “forward-looking information” within the meaning of applicable Canadian securities regulations and “forwarding- looking statements” within the meaning of the United States Private Securities Litigation Reform Act o
Slide 3: Building the Leading Global Tungsten Producer
Building the Leading Global Tungsten Producer Valtreixal Location: Spain Acquisition 2013 Almonty Korea Date: Tungsten Ownership: 25.0% (with option to acquire remaining 75.0%) Location: South Korea Stage of Acquisition Pre-Feasibility 2015 Development: Date: NI 43-101 P&P: 2,549kt @ 0.34% WO3 Owner
Slide 4: Recent Key Milestones Achieved
Recent Key Milestones Achieved MILESTONES STATUS Closed acquisition of Wolfram Camp September 2014 Delineated NI 43-101 compliant resource at Valtriexal October 2014 Increased ownership interest in Valtriexal January 2015 Acquired 100% ownership interest in Woulfe Mining September 2015 Update resour
Slide 5: Why Tungsten?
Why Tungsten? • Supply / Demand balance in near-term but expected to tighten over Tungsten Price Forecast – US$ (1) next five years $400 – China is the dominant producer of tungsten raw material (82% of primary supply in 2013), ~95% of which is controlled by MinMetals $386 $382 – Some Chinese tungst
Slide 6: Why Almonty?
Why Almonty? Leading Tungsten Producer on the TSX – strong leverage to Tungsten Los Santos is a fully operational, profitable mine in commercial production Wolfram Camp has begun initial production and currently being optimized Positive feasibility at Almonty Korea Tungsten with initial production s
Slide 7: Case Study: Primary Metals Turnaround
Case Study: Primary Metals Turnaround… • Acquisition: ~55% interest in the Panasqueira Mine, a Portuguese Optimization Strategy tungsten mine owned by Primary Metals in March 2005 for ~$0.20/share Streamlined all processes to increase output by 25% and reduce unit costs by 28% • Exit: Sold in Octobe
Slide 8: …And on Track to Do it Again (Los Santos)
…And on Track to Do it Again Los Santos Growth Highlights Mineral Resource Estimate (1) Tungsten recovery rate expected to exceed 65% going forward; achieved increasing recovery rate of 59.6% with an average feed grade Los Santos June 30, 2015 of 0.36% for nine months ended June 30, 2015 Tonnes Avg
Slide 9: …And on Track to Do it Again (Wolfram Camp)
…And on Track to Do it Again Wolfram Camp Acquisition Mineral Resource Estimate (1) • September 22, 2014 closed the acquisition on 100%-ownership of the Wolfram Camp August 31, 2015 operating Wolfram Camp tungsten and molybdenum mine in Tonnes Avg Grade Contained WO3 Queensland, Australia for $18 mi
Slide 10: …And on Track to Do it Again (Woulfe Mining)
…And on Track to Do it Again Woulfe Mining Corp Acquisition Mineral Resource Estimate (1) • September 10, 2015 closed the acquisition on 100%-ownership of the Almonty Korea Tungsten Project in Gangwon Province, South Korea in Sangdong June 1, 2015 exchange for issuing 37.8 million shares of Almonty
Slide 11: Operational Update (Daytal)
Operational Update Summary operating information for Daytal Three Three Nine Months Nine Months Three Year Ended Months Months Ended June Ended June Months September Ended June Ended June 30, 2015 30, 2014 Ended March 30, 2014 30, 2015 30, 2014 31, 2015 Ore treated (tonnes) 131,172 111,082 382,809 3
Slide 12: Operational Update (Wolfram Camp)
Operational Update Summary operating information for Wolfram Camp Three Months Nine Months Three Months Ended June Ended June Ended March 30, 2015 30, 2015 31, 2015 Ore treated (tonnes) 85,492 257,896 89,097 WO3 produced (MTU) 8,133 29,750 10,548 WO3 sold (MTU) 7,210 26,972 12,945 Sales revenue (US$
Slide 13: Key Management & Board
Key Management & Board • Lewis Black – Director, President and CEO – Over 10 years in the tungsten mining industry – Former Chairman and CEO of Primary Metals (tungsten mine ~250 km from Los Santos) – Former Vice President of the International Tungsten Industry Association • Dennis Logan, CPA, CA –
Slide 14: Market Facts (as at 2015/11/20)
Market Facts (as at 2015/11/20) Symbol AII (TSX-V) Shares outstanding1 86.2mm Options 4.5 mm Convertible Debenture 5.4 mm Shares fully diluted 96.1 mm 52 week high/low $0.86/0.35 Recent price (Nov 20 , 2015) $0.35 Market cap $30.2 mm Insider ownership 32.6% 14
Slide 15: Los Santos Mine
Los Santos Mine Overview Processing Optimization Plan • Acquired in September 2011 Increase production to >90,000 MTU per annum • Located in the western Iberian Peninsula in the province of – Plant process refinement expected to result in a 40% recovery Salamanca, Spain improvement and increased thr
Slide 16: Los Santos Infrastructure
Los Santos Infrastructure Crushing Facilities and Mill Feed Ball Mill Plant Building Mining Equipment Main Pit 16
Slide 17: Los Santos – Reserves/Resources
Los Santos – Reserves/Resources NI 43-101 Reserves/Resources of Los Santos (as at June 30, 2015) Tonnes Avg Grade Contained WO3 Reserves WO3 Tonnes MTU Proven & Probable 1,465,000 0.34% 4,951 495,100 Mineralized Tailings 2,062,000 0.15% 3,191 319,100 Stockpiles 55,289 0.33% 183 18,300 Total 3,582,28
Slide 18: Los Santos – Exploration Potentials
Los Santos – Exploration Potentials Recent Drilling Underground Development • Recent exploration campaigns have identified ore • Potential high grade underground resource (bottom of main pit) extensions beyond currently modeled zones – 15 m crown pillar to remain between open pit and underground dev
Slide 19: Wolfram Camp Mine
Wolfram Camp Mine Overview Processing Optimization Plan • Acquired in September 2014 Increase production to >90,000 MTU per annum • Located in north Queensland Australia – Plant process refinement expected to result in significant recovery – A historical molybdenum/scheelite/wolframite producing are
Slide 20: Wolfram Camp Mine Infrastructure
Wolfram Camp Mine Infrastructure Plant Building Mine Site Mining Equipment Ball Mill Crushing Facilities 20
Slide 21: Wolfram Camp Mine Reserves/Resources
Wolfram Camp Mine Reserves/Resources NI 43-101 Reserves/Resources of Wolfram Camp Mine (as at August 31, 2015) Tonnes Avg Grade Contained WO3 Reserves Tonnes MTU Proven & Probable 375,000 0.22% 825 82,500 Mineralized Tailings 0 0.00% 0 0 Stockpiles 0 0.00% 0 0 Total 375,000 0.22% 825 82,500 Resource
Slide 22: Almonty Korea Tungsten
Almonty Korea Tungsten Overview Processing Optimization Plan •Acquired in September 2015 Transition to Development •Located in Gangwon Province, South Korea – Revising the Feasibility study with a view to having a bankable – A historical scheelite mine study that can be utilized to fund the project’
Slide 23: Almonty Korea Tungsten Resources
Almonty Korea Tungsten Resources NI 43-101 Resources of Almonty Korea Tungsten (as at June 2015) Tonnes Avg Grade Contained WO3 Reserves WO3 Tonnes MTU Proven & Probable 5,900,000 0.57% 33,630 3,363,000 Mineralized Tailings 0 0.00% 0 0 Stockpiles 0 0.00% 0 0 Total 5,900,000 0.57% 33,630 3,363,000 Re
Slide 24: Almonty Korea Tungsten
Almonty Korea Tungsten Mine Site Exploration Equipment Taebaek Level 24
Slide 25: Almonty Industries Inc.
Contact us: Almonty Industries Inc. 100 King Street West Office: +1 (647) 438-9766 Suite 5700, Fax: +1 (416) 628-2516 Toronto, ON Email: info@almontyindustries.com Canada M5X 1C7 Website: www.almonty.com 25
Slide 26: Appendix B. Financial Update
Appendix B. Financial Update Financial Highlights 26
Slide 27: Appendix B. Financial Update (cont.)
Appendix B. Financial Update (cont.) Financial Highlights (cont.) 27
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